TEPPCO Partners, L.P. Investor Presentation

2/5/2003


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Table of Contents

TEPPCO Partners, L.P. Investor Presentation

Forward-looking Statements

TEPPCO Partners, L.P.

The Sponsor: Duke Energy Field Services

The TEPPCO Systems

TEPPCO’s Three Business Segments

2002 was another record year for TEPPCO

2002 Achievements

2002 Achievements

TEPPCO Corporate Strategy

TEPPCO’s Upstream Business

Upstream Strategy

TEPPCO’s Midstream Business

Midstream Strategy

Jonah Gas Gathering System

Val Verde Gas Gathering System

TEPPCO’s Downstream Business

Downstream Strategy

PPT Slide

Midwest Refined Products Demand

Downstream Strategy

Downstream Strategy

TEPPCO’s asset base has quadrupled over the last five years,

and volumes have grown significantly,

resulting in substantial EBITDA growth.

EBITDA Contribution by Segment – 2003E

Downstream EBITDA Contribution

Upstream EBITDA Contribution

Midstream EBITDA Contribution

Distributions have shown steady growth

TEPPCO unitholders have realized an 18% average annual return since 1990

2003 Outlook

Factors that could impact TEPPCO’s 2003 performance

TEPPCO’s Governance

Conclusion

PPT Slide

Author: Mike Sims