Investor Presentaiton
2Q22 FINANCIAL RESULTS
ADJUSTED EBITDA YEAR-OVER-YEAR GROWTH OF 16%
ENLINK
MIDSTREAM
$MM, unless noted
Net Income (Loss)
2Q22
•
$123.9
Adjusted EBITDA, net to EnLink¹
$299.7
Capex, net to EnLink, Plant Relocation Costs², & Investment Contributions³
$98.7
Net Cash Provided by Operating Activities
$174.9
Free Cash Flow After Distributions¹
Declared Distribution per Common Unit
$67.5
$0.1125
.
•
As of June 30, 2022
Debt-to-Adjusted EBITDA4
3.5x
Amount Outstanding on $1.4BN Revolving Credit Facility
Cash, net to EnLink
$0
Lil
$11
Record Quarterly Results
2nd consecutive quarter generating
~$300MM of Adjusted EBITDA
Permian volumes and segment
profit grew 11% and 24% sequentially
and 46% and 76% YoY5, respectively
Robust Free Cash Flow Generation
Strong execution, cost control, and
•
timing of capex resulted in strong FCFAD
Executed $75MM6 of common unit
repurchases in 1H22
Strong Producer Activity & Outlook
Robust commodity prices are driving
increased producer activity across all
segments
Expect significant growth to continue in the
Permian and now in Oklahoma in 2023
'Non-GAAP measures are defined in the appendix. 2Includes $9.4MM and $1.7MM for 2Q22 in Permian and Oklahoma, respectively, for relocation costs related to plant
relocation classified as operating expenses in accordance with GAAP. 3Contributions of $26.6MM to the equity method investments for 2Q22, principally for Matterhorn JV.
4Calculated according to revolving credit facility agreement leverage covenant, which may include up to $50MM of cash on the balance sheet. 5Excluding plant
relocation costs and unrealized derivatives. 'Includes $24MM of common units repurchased from GIP pursuant to the previously disclosed Unit Repurchase Agreement
dated February 15, 2022 and which settled on August 2, 2022.
September 2022 Investor Presentation
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