KEY MARKET DISTINCTIONS

Enterprise Products Partners L.P. has grown significantly
since its IPO in July 1998, increasing its asset base
from $715 million to $52 billion at December 31, 2016.

This growth is a result of expansions
from organic growth opportunities,
as well as acquisitions.

Low cost of capital; financial flexibility
  • One of the highest credit ratings among master limited partnerships (“MLPs”): Baa1 / BBB+

  • Simplified structure with no general partner (“GP”) incentive distribution rights (“IDR”) for long‐term durability and flexibility

  • Margin of safety with average distribution coverage of ≈1.4x and ≈$3.0 billion of retained DCF since 2014 (excludes non‐recurring items)

  • Consistent distribution growth:
    50 consecutive quarters

  Financially strong, supportive GP
committed for the long-term
  • Owns 32 percent of common units outstanding

  • Purchased ≈$1.6 billion in Enterprise common units since initial public offering (“IPO”)

History of successful execution
of growth projects and M&A
  • ≈$36 billion of organic growth projects and $26 billion of major acquisitions since IPO in 1998

  • ≈$7.1 billion of capital growth projects under construction

  • New projects under development

  One of the largest integrated
midstream energy companies
  • Integrated system enables EPD to reduceimpact of cyclical commodity swings

  • Large supply aggregator and access to domestic and international markets provides market optionality to producers and consumers