Antero Midstream Partners Investor Presentation Deck

High Growth Midstream Throughput Antero Midstream has delivered consistent, peer-leading, and sustainable growth through its organic investments Low Pressure Gathering (MMcf/d) 2,500 2,000 1,500 1,000 500 700 600 500 400 300 200 100 498 N/A 1,016 1Q 2017 49% CAGR 2014A 2015A 2016A 2017A 3Q 2018 Gas Processing (MMcf/d) 216 1,403 368 20 3Q 2017 2017 425 1,660 4Q 2017 Note: CAGRS represent 2014-2017 growth period where applicable. 519 +65% YoY 2,165 571 1Q 2Q 2018 2018 606 3Q 2018 1,800 1,600 1,400 1,200 1,000 800 600 400 200 250 200 150 100 50 Compression (MMcf/d) 104 741 432 126% CAGR N/A 96 2014A 2015A 2016A 2017A 3Q 2018 Fresh Water Delivery (MBbl/d) 2014A 2015A 123 32% CAGR 1,196 2016A 1,756 153 s 195 2017A 3Q 2018 26

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