Antero Midstream Partners Investor Presentation Deck
Long-Term Outlook
Antero is poised to prudently grow production to maximize free cash flow, ultimately
resulting in an appropriate mix of return of capital and further deleveraging
Production Growth Scenarios (2020-2023)
Production (MMcfe/d)
6,000
5,000
4,000
£3,000
2,000
1,000
Oil and Gas Price
Assumptions
2019 Guidance
$65/
$3.15
(1)
$50/
$2.85
15% Growth CAGR ($65 Oil / $3.15 Gas)
10% Growth CAGR ($50 Oil / $2.85 Gas)
2020E
15% Production CAGR
10% Production CAGR
Note: Production CAGR ranges apply to midpoint of 2019 production guidance.
(1) Based on midpoint of 2019 production guidance.
2021E
<1x Stand-alone
Leverage by 2021
2022E
<2x Stand-alone
Leverage by 2022
$2.5 - $3.0 Bn Free
Cash Flow Generation
2023E
Free Cash Flow
Neutral
$2.5 $3.0 Bn Free Cash Flow
Free Cash Flow Neutral
19View entire presentation