Utica Shale Strategy Nick Homan Commercial Development Manager Marathon Pipe Line LLC
Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the federal securities laws. These forward-looking statements relate to, among other things, statements with respect to forecasts regarding capacity, rates, incremental investment and timing for becoming operational for the opportunities discussed herein, as well as MPLX's future growth and results of operations. You can identify forward-looking statements by words such as "anticipate," "assess," "estimate," expect, plan, "propose," "prospective," "would," "will" or other similar expressions that convey the uncertainty of future events or outcomes. Such forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond the control of the company and are difficult to predict. Factors that could impact the opportunities described herein are: the timing and extent of changes in commodity prices and demand for crude oil, refined products, feedstocks or other hydrocarbon-based products; volatility in and/or degradation of market and industry conditions; completion of pipeline capacity by our competitors; the ability to obtain required regulatory approvals on a timely basis; the occurrence of an operational hazard or unforeseen interruption; and the factors set forth under the heading "Risk Factors" in MPLX's Annual Report on Form 10-K for the year ended Dec. 31, 2014, filed with the Securities and Exchange Commission (SEC). Copies of MPLX's Form 10-K are available on the SEC website, MPLX's website at http://ir.mplx.com or by contacting MPLX's Investor Relations office. In addition, unpredictable or unknown factors not discussed here or in MPLX's Form 10-K could also have material adverse effects on forward-looking statements. 2
MPLX Our Priorities for Our Investors Maintain Safe and Reliable Operations Sustain Long-term Distribution Growth; Mid 20% for the Next Five Years Focus on Fee-Based Businesses Pursue Organic Growth Opportunities Grow Through Acquisitions MPC s Currently Identified Eligible MLP EBITDA Sources Pipelines Marine Terminals Railcars Refinery Assets Fuels Distribution 3
Utica Infrastructure Investments Assets in service Canton condensate splitter Catlettsburg condensate splitter Canton truck unload rack Wellsville truck-to-barge terminal Truck fleet River barges Assets in progress Cornerstone pipeline Utica build-out projects Nearly $1 billion in potential Utica investments Broad logistical offering in the heart of our assets Leveraging existing infrastructure to service customers 4
Cornerstone Pipeline Ability to transport condensate, natural gasoline and diluent Designed and routed for optimal connectivity to condensate stabilizers and fractionators Aggregates Utica production for further distribution via pipelines 16 pipeline that is 50 miles long $250 million investment for the Cornerstone pipeline and East Sparta tank farm expansion MPLX Utica backbone project Progress update Detailed engineering underway Right-of-way acquisition progressing Early 2016 construction start Late 2016 in-service Subject to regulatory and other approvals 5
Cornerstone Pipeline Connecting Utica Production Supply Summary Day 1 Cornerstone originations MarkWest stabilizer Cadiz, OH UEO fractionator Scio, OH Additional Cornerstone connections MarkWest fractionator Hopedale, OH MPLX truck unload Cadiz, OH Potential future connections EnLink stabilizers Southeast OH Blue Racer stabilizer Berne, OH Blue Racer fractionator Natrium, WV Williams fractionator Moundsville, WV 6
Planned Utica Build-Out Projects Expand East Sparta to Heath and Heath to Findlay pipelines Detailed engineering underway Construct a new pipeline from Harpster to Lima Provides connectivity to the Lima refinery Engineering, survey and route review underway Parallel to existing Lima to Canton pipeline Connect to the Lima Maumee tank farm Provides connectivity to the Toledo and Detroit refineries via the Maumee 22 pipeline Reverse the RIO 8 pipeline Provides connectivity to Robinson and Mt. Vernon refineries Provides a diluent option to Southern Lights Detailed engineering underway Up to 50,000 barrels per day of capacity for Utica volumes to Lima Mid-2017 planned in-service Provides for future larger build-out projects 7
Potential Utica Build-Out Projects Delivering Utica Production Demand Summary Refinery Opportunities MPC Canton, OH Husky Lima, OH PBF Toledo, OH BP/Husky Toledo, OH MPC Detroit, OH MPC Robinson, IL Countrymark Mt. Vernon, IN BP Whiting, IN ExxonMobil Joliet, IL CITGO Lemont, IL Diluent Pipeline Opportunities Enbridge Southern Lights Kinder Morgan Cochin 8
Cornerstone Pipeline and Utica Build-Out Projects The Utica Pipeline Solution Meets the needs of producers, refiners, midstreamers and diluent blenders Provides flexibility of commitment terms and seasonal shipper needs Allows MPLX to complete projects in phases as Utica production grows Maintains the option for future expansion volume and connectivity Adds superior safety, reliability and economics to existing alternatives 9