Investor Presentaiton
ROBUST CASH FLOW CREATES SIGNIFICANT FINANCIAL FLEXIBILITY
Delivering significant adjusted EBITDA¹ growth
Significant leverage reduction over last 2
years puts balance sheet in a strong position
Pivoting to a more balanced use of FCFAD¹
o Investing in growing the business, while increasing
returns to unitholders
'Non-GAAP measure defined in the appendix. 2Referenced growth in the underlying business is adjusted EBITDA. 3Calculated according
to revolving credit facility agreement leverage covenant, which may include up to $50MM of cash on the balance sheet.
ENLINK
MIDSTREAM
($MM)
1,270
+21%
1,039
1,050
+7%
Growth in
MVC
Underlying
Business²
2020
2021
Updated 2022
Guidance
Midpoint
2020
2021
Debt Paydown
($MM)
(136)
(235)
4Q20
4Q21
2Q22
Leverage³
4.1x
3.9x
3.5x
($MM)
Leverage
Reduction
175
100
Unit
40
Buyback
Execution
2021
Initial 2022 Updated 2022
Target
Guidance
Midpoint
September 2022 Investor Presentation
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