Investor Presentaiton
Levers for Maximizing FCF and Unitholder Returns
Permian
NGL
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Capture volume growth with minimal CAPEX
✓ Anticipate +/- 600 mb/d of production growth for next several years
✓ Operating leverage can enable throughput & tariff benefit
Optimize NGL facilities, operations & ownership
Execute high-return, capital-efficient optimization and/or brownfield expansion projects
Optimization
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Optimize existing assets (brownfield asset expansion, strategic JVs, etc.)
Align leading Canadian cavern storage position with renewable opportunities
Evaluate renewable power opportunities to lower emissions / costs
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Deliver significant multi-year FCF (maintain capital discipline)
Financial
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Achieve targeted leverage
Increase cash returned to equity holders over time (significant coverage / FCFaD)
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