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Energy Transfer – Company Overview Sunoco Logistics Customer Conference

Energy Transfer – Company Overview Sunoco Logistics Customer Conference. October 18, 2012. Legal Disclaimer.

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Energy Transfer – Company Overview Sunoco Logistics Customer Conference

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  1. Energy Transfer – Company OverviewSunoco Logistics Customer Conference October 18, 2012

  2. Legal Disclaimer This document relates to a presentation by members of management of Energy Transfer Partners, L.P. (ETP) and Energy Transfer Equity, L.P. (ETE).  In this presentation, members of management of ETP and ETE may make statements about future events, outlook and expectations related to ETP and/or ETE and this document may contain statements about future events, outlook and expectations related to ETP and/or ETE, all of which statements are forward-looking statements as defined under federal law. Any statement made by a member of management of ETP or ETE in this presentation and any statement in this document that is not a historical fact will be deemed to be a forward-looking statement. These forward-looking statements rely on a number of assumptions concerning future events that members of management of ETP and ETE believe to be reasonable, but these statements are subject to a number of risks, uncertainties and other factors, many of which are outside the control of ETP and ETE. While ETP and ETE believe that the assumptions concerning these future events are reasonable, we caution that there are inherent risks and uncertainties in predicting these future events that could cause the actual results, performance or achievements of ETP and ETE to be materially different. These risks and uncertainties are discussed in more detail in the filings made by ETP and ETE with the Securities and Exchange Commission, copies of which are available to the public. ETP and ETE expressly disclaim any intention or obligation to revise or publicly update any forward-looking statements, whether as a result of new information, future events, or otherwise. All references in this presentation to capacity of a pipeline, processing plant or storage facility relate to maximum capacity under normal operating conditions and with respect to pipeline transportation capacity, is subject to multiple factors (including natural gas injections and withdrawals at various delivery points along the pipeline and the utilization of compression) which may reduce the throughput capacity from specified capacity levels.

  3. Company Overview

  4. Energy Transfer Asset Overview

  5. Pro Forma Organizational Structure Public LP unitholders Energy Transfer Equity, L.P.(NYSE: ETE) 60% Ownership Public LP unitholders Public LP unitholders LP Interest GP InterestIDRs LP Interest GP InterestIDRs Public LP unitholders LP Interest GP InterestIDRs 40% Ownership (Board Majority) Regency Energy Partners LP(NYSE: RGP) Energy Transfer Partners, L.P.(NYSE: ETP) Sunoco Logistics Partners L.P. (NYSE: SXL) ETP HoldCo Corp 30% interest 70% interest Gathering & Processing Contract Compression Contract Treating JVs Lone Star NGL LLC NGL Intrastate Interstate Midstream Sunoco, Inc. Southern Union Company 50% interest 49.99% interest 50% interest 50% interest MidcontinentExpressPipeline HPC Citrus Corp FayettevilleExpressPipeline Retail & Marketing LDC Divisions Panhandle Energy Southern Union Gas Services FGT

  6. Energy Transfer Family of Assets • The Energy Transfer Family is a diversified, $50+ billion enterprise value partnership comprised of: • Energy Transfer Partners (ETP), a large-cap, investment grade MLP with intrastate transportation and storage, interstate transportation, midstream operations and fractionation and liquids transportation operations • Southern Union Company (SUG), a wholly-owned investment grade subsidiary with transportation, storage, gathering and processing and distribution operations. • Lone Star (LST), a joint venture owned 70% by ETP and 30% by RGP, provides natural gas liquids (NGL) storage, transportation and fractionation • Sunoco, Inc. (SUN), a wholly-owned subsidiary with strong brand and station image recognition, is a leading transportation fuel provider through 4,900 retail outlets • Sunoco Logistics Partners (SXL), a publicly-traded MLP that owns and operates a diverse mix of crude oil and refined products, and terminalling, and storage facilities, as well as crude oil assets • Regency Energy Partners (RGP), a mid-cap MLP with gathering and processing, transportation, contract compression, contract treating, fractionation and liquids transportation operations • Fully consolidated, ETE owns: • Approximately 69,000 miles of natural gas, crude oil, NGL and refined products gathering and transportation pipelines • 59 natural gas and NGL processing, conditioning, and treating facilities • Approximately 176 Bcf of natural gas storage capacity • 48 Million bbls working NGL storage capacity, 25 Million bbls working crude oil storage capacity and 16 Million bbls working refined products storage capacity • 1 fractionator (2 more under construction) • One of North America’s largest liquefied natural gas import terminals • More than 4,000,000 hp contract compression capacity Note: Joint venture assets shown on consolidated basis; Includes previously announced projects under construction. Pro forma for Sunoco acquisition and Southern Union dropdown. Consolidates Sunoco Logistics.

  7. Eagle Ford Shale Projects

  8. ETP Eagle Ford Shale Projects

  9. Lone Star Projects • Mont Belvieu Fractionators • 2 - 100,000 Bbl/d NGL fractionators to be constructed at Mont Belvieu • Additional Y-grade liquids storage facilities to be developed • A substantial amount of the fractionation capacity will be utilized for NGLs from ETP’s Justice Pipeline • Expected in-service Frac 1 Q1 2013 • Expected in-service Frac 2 Q1 2014 • West Texas Gateway Project (NGL) Pipeline • Approximately 570 miles of 16-inch pipe with an initial capacity of 209,000 bpd • Lone Star has secured capacity through ETP’s Justice NGL pipeline from Jackson County to Mont Belvieu • ROW – Over 95% Complete • Mainline construction began in May • Estimated in-service no later than January 2013

  10. Interstate Segment

  11. ETP Interstate System overview Transwestern • Transports natural gas from the San Juan, Anadarko, and Permian Basins to markets in the Midwest, Texas, Arizona, New Mexico, Nevada, and California • 2.8 Bcf/d total capacity with mainline capacity flowing west is 1.2 Bcf/day and San Juan Lateral capacity is 1.6 Bcf/day Tiger • A 195-mile interstate natural gas pipeline connecting to ETP’s system near Carthage, Texas, extending through the heart of the Haynesville Shale and ending near Delhi, Louisiana • Interconnects to seven interstate pipelines at various points in Louisiana • 2.4 Bcf/d of capacity sold under “take or pay” agreements with 9 – 14 years remaining under contract FEP • A 185-mile interstate natural gas pipeline originating near Conway County, Arkansas, continuing eastward through White County, Arkansas and terminates at an interconnect with Trunkline Gas Company in Panola County, Mississippi • 1.85 Bcf/d of capacity sold under “take or pay” agreements with 9 – 11 years remaining under contract • 50% / 50% joint venture with Kinder Morgan Citrus • A 5,400-mile pipeline system that extends from South Texas to Florida, with a capacity of 3.0 Bcf/d, delivering approximately 63% of the natural gas consumed in the Florida in 2011 • Over 65 interconnects with interstate and intrastate pipelines • Over 270 delivery points (240 in Florida) • Over 97% of FGT revenue is derived from fixed reservation fees • 50% / 50% joint venture with Kinder Morgan

  12. SUG Transportation and Storage System overview • Panhandle Eastern Pipe Line (PEPL) • Serves customers in the Midwest, Gulf Coast and Midcontinent United States through four large diameter pipelines extending from producing areas in the Anadarko Basin of Texas, Oklahoma and Kansas through Missouri, Illinois, Indiana, Ohio and into Michigan • Trunkline Gas Company • Delivers natural gas from the Gulf Coast areas of Texas and Louisiana through two large diameter pipelines into Arkansas, Mississippi, Tennessee, Kentucky, Illinois, Indiana and Michigan • 3,600 mile, 2-line system with 1.7 Bcf/d capacity • Trunkline LNG • One of the nation’s largest LNG import terminals located in Lake Charles, LA • 2.1 Bcf/d of peak send out capacity • 9 Bcf of storage, 1 Bcf/d of processing capacity • Storage • Owns and leases a total of ~100 Bcf of storage assets in IL, KS, LA, MI and OK which are connected to PEPL • Sea Robin • Two offshore Louisiana natural gas supply systems extending approximately 81 miles into the Gulf of Mexico • 400 mile offshore gathering pipeline with 1.0 Bcf/d capacity

  13. Sunoco Acquisition

  14. Sunoco Business Segments Retail Marketing Refining Logistics (SXL) • ~2,500 miles of refined products pipelines located in the Northeast, Midwest and Southwest • ~5,400 miles of crude oil pipelines, located principally in Oklahoma and Texas • ~42 million barrels of refined products and crude oil terminal capacity • Engaged in the acquisition and marketing of crude oil • SUN owns: • 100% of the SXL GP interest and IDRs • 32.4% of SXL common units • Announced exit of refining business in September 2011 • Marcus Hook, PA refinery (175 MBbls/d) sale announced July 2012 • Philadelphia refinery (330 MBbls/d) • On July 2, 2012, announced a joint venture with Carlyle • SUN will maintain a minority interest (30%) • Carlyle will operate the refinery • No additional capital will be required from SUN • ~4,900 retail outlets for the sale of gasoline and middle distillates • ~5 billion gallons of gasoline and diesel fuel and $500 million of merchandise sales per year • Strong brand and station image recognition • Transitioning source of supply to third parties 14

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