Investor Presentaiton
Key Drivers: 2021 vs. 2022(G)
2022 growth offsetting 2021 unique items
(Adj. EBITDA attributable to PAA, $ millions)
Feb(G):
$2,150
2021 Unique Items: (~$200MM)
2022 Growth Items: ~$200MM
$2,196*
Margin-Based
Activities
PNG Sale &
Winter Storm
Contango (-)
Uri Benefit
■ Canada crude
differentials
(-)
■ NGL margins (+)
Permian
■ Volume growth
Projects
■ W2W
Capline
Ft. Sask/
Other
JV synergies
■ Tariff escalators
offsetting inflation
Pipeline Loss
Allowance (PLA)
2021
2022(G): Full-year 2022 guidance furnished February 9, 2022.
*Excludes $17MM Red River Noncontrolling Interest; 2021 pro-forma Adj. EBITDA attributable to PAA of $2,213MM is most comparable to Feb(G) of $2,150MM, furnished February 9, 2021.
Note: Please visit https://ir.paalp.com for reconciliation of Non-GAAP financial measures reflected above to most directly comparable GAAP measures.
+/- $2,200
2022(G)
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