ENTERPRISE PRODUCTS PARTNERS L.P. LINKING US SUPPLY WITH ASIAN DEMAND: EXPANDING THE GLOBAL PIPELINE

ENTERPRISE PRODUCTS PARTNERS L.P. LINKING US SUPPLY WITH ASIAN DEMAND: EXPANDING THE GLOBAL PIPELINE March 5, 2019 Justin Kleiderer VP NGL Marketing & Supply ALL RIGHTS RESERVED. ENTERPRISE PRODUCTS PARTNERS L.P. enterpriseproducts.com

EPD: NATURAL GAS, NGLs, CRUDE OIL, PETROCHEMICALS AND REFINED PRODUCTS Asset Overview Pipelines: 50,000 miles (80,500 km) of natural gas, NGL, crude oil, petrochemicals and refined products pipelines Storage: 260 MMBbls (30 MM MT) of NGL, petrochemical, refined products, and crude oil, and 14 Bcf (0.4 BCM) of natural gas storage capacity 28 natural gas processing plants; 23 fractionators; 11 condensate distillation facilities; PDH facility Export Facilities: 18 docks handling NGLs, PGP, crude oil & refined products Assets Under Construction / Commissioning Pipelines: 700 miles (1,125 km) of pipelines Processing: 3 gas processing plants Fractionators: 2 in Mont Belvieu area Petchem: 1 ibdh facility Ethylene export terminal Connectivity Fully integrated midstream energy company aggregating domestic supply directly connected to domestic and international demand Connected to US major shale basins Connected to every US ethylene cracker Connected to 90% of refineries East of Rockies 26 Gulf Coast PGP connections ALL RIGHTS RESERVED. ENTERPRISE PRODUCTS PARTNERS L.P. 2

US OIL AND GAS SUPPLIES GROWING AT SIGNIFICANT MULTIPLES BCM/yr BCF/d 1,240 120 1,034 100 827 80 620 60 Dry Natural Gas Production 101 92 79 69 110 MM MT/yr MBPD 783 16,000 587 12,000 391 8,000 8 Oil Production 10 12 14 16 413 40 207 20 196 4,000 4 6 0-0 MM MT/yr MBPD 256 10,000 2012 2018 2020 2022 2025 NGL Production 0-0 2012 2018 2020 2022 2025 205 8,000 154 6,000 103 4,000 51 2,000 2,466 4,859 6,038 7,125 8,212 Production growth is Gulf Coast centric Demand for hydrocarbons in the US is not expected to grow E&P sector and Petrochemical industry have become dependent on exports 0-0 2012 2018 2020 2022 2025 Forecasts Assume $50 WTI and $3.00 Henry Hub and full ethane recovery Source: EPD Fundamentals ALL RIGHTS RESERVED. ENTERPRISE PRODUCTS PARTNERS L.P. 4

Production in MBPD US CRUDE OIL PRODUCTION, CONSERVATIVE? MM MT/yr MBPD 881 18,000 783 16,000 US Oil Production - EIA Actuals vs EPD Forecast 6 years: +4,500 MBPD (220 MM MT/yr) 7 years: +5,000 MBPD (245 MM MT/yr) 685 14,000 587 12,000 489 10,000 391 8,000 294 6,000 196 4,000 98 2,000 0 0 0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 EIA Data Says US Producers Added 1,500 MBPD (73 MM MT/yr) in 2018. US Crude Production Now Surpasses Both Russia and Saudi Arabia. Source: EIA, EPD Fundamentals ALL RIGHTS RESERVED. ENTERPRISE PRODUCTS PARTNERS L.P. 5

Production in MBPD MM MT/yr MBPD 234 9,000 208 8,000 182 7,000 156 6,000 130 5,000 104 4,000 78 3,000 52 2,000 26 1,000 0 0 US NGL PRODUCTION ETHANE, PROPANE, BUTANES AND NATURAL GASOLINE US NGLs Production - EIA Actuals vs EPD Forecast* 6 years: +1,900 MBPD (49 MM MT/yr) 7 years: +3,800 MBPD (99 MM MT/yr) 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Source: EPD Fundamentals The Percentage Growth of NGL Production Will Be Greater Than Crude Oil Due to Note: EIA data is net of ~ 500 MBPD of ethane that gets rejected Associated Rich Gas in the Permian Basin. Source: EIA, EPD Fundamentals ALL RIGHTS RESERVED. ENTERPRISE PRODUCTS PARTNERS L.P. 6

Liq. Hydrocarbon Production, MBPD WTI Price, $/Bbl US LIQUID HYDROCARBON PRODUCTION VS OIL PRICE MM MT/yr MBPD 742 18,000 WTI Price 659 16,000 577 14,000 2018- $50 Oil 16.3 MMBPD (660 MM MT/yr) Production $100 $80 494 12,000 $60 412 10,000 $40 330 8,000 247 6,000 2012 - $100 Oil 8.5 MMBPD (370 MM MT/yr) Production US Production $20 165 4,000 $0 Dec-11 Jun-12 Dec-12 Jun-13 Dec-13 Jun-14 Dec-14 Jun-15 Dec-15 Jun-16 Dec-16 Jun-17 Dec-17 Jun-18 Dec-18 U.S. Liquids Production WTI Price Source: EIA and Bloomberg ALL RIGHTS RESERVED. ENTERPRISE PRODUCTS PARTNERS L.P. 7

US ALREADY PRODUCES MORE LIGHT CRUDE THAN IT CAN CONSUME MM MT/yr MMBPD 400 88 300 66 200 44 100 22 0 0 0 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2014-2017 exports - EIA 2018+ EPD Fundamentals MM MT/yr MMBPD MMBPD 1300 26 26 Required Exports: 1200 24 24 8 MMBPD 1100 22 22 1000 20 20 US Prod - Light 900 18 18 US Prod - Cond 16 2017 US Demand for Crude: 16.8 800 16 US Prod - Medium 700 14 14 LIGHT OIL 12 US Prod - Heavy 600 12 500 10 10 Imports - Canada 400 8 8 Imports: KSA, MEX & VEZ 300 6 6 CANADIAN IMPORTS Other Imp PADD 5 200 4 4 Other Imp PADD 1 100 2 2 0 0 0 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 With Crude Exports Growing to 8 MMBPD (391 MM MT/yr) by 2025, the US is Rapidly Becoming a Global Crude Oil Export Powerhouse ALL RIGHTS RESERVED. ENTERPRISE PRODUCTS PARTNERS L.P. 8 Base Imports

LPG SUPPLIES ALREADY EXCEED DOMESTIC DEMAND, MORE EXPORT CAPACITY REQUIRED MM MT/yr MBPD 135 4,500 120 4,000 105 3,500 90 3,000 ~1.5 MMBPD (45 MM MT/yr) Headed to Asia LPG Supply? 75 2,500 60 2,000 45 1,500 30 1,000 15 500 0 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 LPG Domestic Demand Actual LPG Exports Industry Export Capacity LPG Supply Note: Industry Export Capacity at 85% Operating Rate. Includes EPD, Mariner East and Targa expansions Sources: IEA and EPD Fundamentals ALL RIGHTS RESERVED. ENTERPRISE PRODUCTS PARTNERS L.P. 9

Jul-16 Jan-17 Jul-17 Jan-18 Jul-18 Jan-19 Jul-19 Jan-20 Jul-20 Jan-21 Jul-21 Jan-22 Jul-22 DESPITE SHORT TERM BOTTLENECKS, USGC ETHANE SUPPLIES TO SWAMP DEMAND MM MT/yr MBPD 60 3,000 Ethane Supply-Demand on US Gulf Coast 55 2,750 50 2,500 45 2,250 40 2,000 35 1,750 30 1,500 Rejected Ethane SABIC/XOM Total Formosa Axiall / Lotte Sasol Indorama 25 1,250 20 1,000 15 750 750 10 500 500 5 250 250 0 0 0 Includes: XOM Baytown start date: July 2018 CPC Cedar Bayou: April 2018 Oxy/Mexichem Ingleside: Feb 2017 DOW Freeport: Nov 2017 Shintech Exports Existing Demand Rejection Extraction +ATEX Source: EIA & EPD Fundamentals ALL RIGHTS RESERVED. ENTERPRISE PRODUCTS PARTNERS L.P. 10

USGC CRUDE EXPORTS 702 MMBBLS (94 MM MT) IN 2018 ASIA, DESTINATION OF 46% OF ALL USGC CRUDE EXPORTS NWE: 30% of US Crude Exports 702 MMBBLS (94 MM MT) Exported Asia: 46% of US Crude Exports Other Countries = 18% of US Crude Exports LatAm: 6% of US Crude Exports Source: EIA & EPD ALL RIGHTS RESERVED. ENTERPRISE PRODUCTS PARTNERS L.P. 11

USGC LPG EXPORTS 395 MMBBLS (33 MM MT) IN 2018 ASIA, DESTINATION OF 50% OF ALL USGC LPG EXPORTS USGC Exported: C3: 329 MMBBLS (26.5 MM MT) C4: 67 MMBBLS (6.2 MM MT) NWE: 7% of US LPG Exports C3: 1.9 MM MT C4: 0.3 MM MT Asia: 50% of US LPG Exports C3: 13.5 MM MT C4: 2.8 MM MT Other Countries: 22% of US LPG Exports C3: 5.3 MM MT C4: 1.8 MM MT Indian Ocean: 2% of US LPG Exports C3: 0.4 MM MT C4: 0.4 MM MT LatAm: 19% of US LPG Exports C3: 5.3 MM MT C4: 0.8 MM MT Source: Waterborne ALL RIGHTS RESERVED. ENTERPRISE PRODUCTS PARTNERS L.P. 12

LIQUID HYDROCARBON DEMAND GROWTH DOMINATED BY EMERGING MARKETS MM MT/yr MBPD 1648 40,000 1442 35,000 1236 30,000 1030 25,000 824 20,000 618 15,000 412 10,000 206 5,000 0 0 Source: IEA World Energy Outlook ALL RIGHTS RESERVED. ENTERPRISE PRODUCTS PARTNERS L.P. 13

Population (MM) Energy Intensity vs USA ASIAN POPULATIONS DWARF THE US WHILE US ENERGY INTENSITY DWARFS ASIA 1,600 120% 100% 100% 1,200 80% 800 60% 32% 40% 400 10% 15% 20% 0 USA India China Other Major Asia The Average American Consumes 52 BOE/Year 0% Source: World Bank ALL RIGHTS RESERVED. ENTERPRISE PRODUCTS PARTNERS L.P. 14

EPD: GATEWAY TO THE WORLD FOR US ENERGY >5 BILLION BBLS (565 MM MT) OF HYDROCARBONS ACROSS ENTERPRISE DOCKS IN LAST 10 YEARS EPD Morgan s Point (Ethane & Ethylene*) EPD Enterprise Houston Ship Channel (Crude Oil, NGLs, Propylene) EPD Beaumont (Crude Oil, Refined Products) Seaway Freeport (Crude Oil) Seaway Texas City (Crude Oil) A B S *4Q19 limited service, 4Q20 full service ALL RIGHTS RESERVED. ENTERPRISE PRODUCTS PARTNERS L.P. 16

SUPPLY: ACCESS TO OVER 8 MMBPD OF POTENTIAL SUPPLY AGGREGATION: >300 MMBBLS OF STORAGE WITHIN THE HOUSTON REGION Strategically linked terminals are essential for supply aggregation, segregation, batching, and exports N E W M E X I C O T E X A S O K L A H O M A Cushing CANADIAN BAKKEN DJ BASIN MID-CONTINENT POWDER RIVER 1.8 MMBPD Enterprise Pipeline Third Party Pipeline Enterprise Pipeline Third Party Pipeline Midland PERMIAN 5.4 MMBPD Permian to Houston Pipelines EPD Midland Sealy EPD Midland Sealy 2 EPD Midland ECHO Magellan Longhorn Magellan BridgeTex Gray Oak (P66, MPC, ANDV) Exxon/Plains JV ETP/Magellan/MPLX/Delek JV EAGLE FORD 1 MMBPD ECHO/Enterprise Houston Ship Channel Area Offshore Terminal OFFSHORE 500 MBPD As US crude supplies grow, access to water becomes critical ALL RIGHTS RESERVED. ENTERPRISE PRODUCTS PARTNERS L.P. 17

OFFSHORE CRUDE OIL EXPORT TERMINAL Developing an offshore crude oil export terminal off Texas Gulf Coast capable of fully loading VLCCs VLCCs have a capacity of 2 million barrels (268 M MT) Efficient and costeffective solution to export crude oil to international markets Started front-end engineering and design ( FEED ) and preparing application for permit approval Capable of loading at 85,000 BPH (11.4 M MT/hour) Subject to permits and execution of long-term contracts ALL RIGHTS RESERVED. ENTERPRISE PRODUCTS PARTNERS L.P. 18

ENTERPRISE MONT BELVIEU EXPANDING OUR FOOTPRINT Frac XI Frac X Frac IX ibdh #2 PDH & PDH Splitter Splitters II & IV Frac IV, V, VI, VII & VIII Frac II & III ibdh #1 & MTBE (BEF) Splitter I Isoms & DIBs Splitter III Units 1, 2 & 3 ALL RIGHTS RESERVED. ENTERPRISE PRODUCTS PARTNERS L.P. 19

N G L S ENTERPRISE LPG EXPORT FACILITY 175 MBPD (5.2 MM MT/YR) EXPORT EXPANSION Export Capability: Up to 30 MBPH or 720 MBPD/ 22MM MT/yr Import Capability: Up to 20 MBPH or 480 MBPD/ 14MM MT/yr Ability to load up to 6 vessels simultaneously HOUSTON SHIP CHANNEL EHSC CROSS CHANNEL CONNECTIONS MONT BELVIEU Refrigerated Low Ethane Propane (LE C3) HD5 Propane (C3) Isobutane (IC4) High Purity Isobutane (HP IC4) Normal Butane (NC4) Butane Mix ALL RIGHTS RESERVED. ENTERPRISE PRODUCTS PARTNERS L.P. 20

US EXPORT GROWTH ALL HYDROCARBONS TELLING THE SAME STORY US Hydrocarbon Exports 7000 6000 5000 4000 3000 2000 Crude Ethane Normal Butane Propane Distillates Mogas 1000 0 Jan-10 Jan-11 Jan-12 Jan-13 Jan-14 Jan-15 Jan-16 Jan-17 Jan-18 Source: EIA ALL RIGHTS RESERVED. ENTERPRISE PRODUCTS PARTNERS L.P. 21

MBPD ENTERPRISE EXPORTS EXPECTED TO CONTINUE TO INCREASE MM MT/yr MBPD 125 2,500 100 2,000 1,147 75 1,500 50 1,000 HURRICANE HARVEY 324 25 500 500 632 0 0 0 Feb-17 May-17 Aug-17 Nov-17 Feb-18 May-18 Aug-18 Nov-18 Feb-19 E NGL Petchem & Ref. Products EPD Crude Exports Sources: Waterborne (IHS), EPD Fundamentals and EPD Distribution Schedules, including estimates ALL RIGHTS RESERVED. ENTERPRISE PRODUCTS PARTNERS L.P. 22

FORWARD LOOKING STATEMENTS This presentation contains forward-looking statements based on the beliefs of the company, as well as assumptions made by, and information currently available to our management team. When used in this presentation, words such as anticipate, project, expect, plan, seek, goal, estimate, forecast, intend, could, should, will, believe, may, scheduled, potential and similar expressions and statements regarding our plans and objectives for future operations, are intended to identify forward-looking statements. Although management believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. You should not put undue reliance on any forward-looking statements, which speak only as of their dates. Forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those expected, including insufficient cash from operations, adverse market conditions, governmental regulations, the possibility that tax or other costs or difficulties related thereto will be greater than expected, the impact of competition and other risk factors discussed in our latest filings with the Securities and Exchange Commission. All forward-looking statements attributable to Enterprise or any person acting on our behalf are expressly qualified in their entirety by the cautionary statements contained herein, in such filings and in our future periodic reports filed with the Securities and Exchange Commission. Except as required by law, we do not intend to update or revise our forward-looking statements, whether as a result of new information, future events or otherwise. ALL RIGHTS RESERVED. ENTERPRISE PRODUCTS PARTNERS L.P. 25