Columbia Pipeline Group // MRC Globalc.ymcdn.com/sites/ Columbia Pipeline Group // MRC Global Confidential Information Agenda Columbia Pipeline Group Overview MRC Global Overview Finding

1 Columbia Pipeline Group // MRC Global

Confidential Information

Columbia Pipeline Group // MRC Global

September 2015

Sheree Parks Downey

Vice President, Supply Chain

Columbia Pipeline Group

Rory Isaac Senior Vice President, Business Development

MRC Global Inc.



Agenda

Columbia Pipeline Group Overview

MRC Global Overview

Finding the Right Integrated Supply Partner

A Relationship Built to Last

Foundation of Trust, Respect and Mutual Values

Questions



Business Update

NYSE Bell Ringing – July 8, 2015




• Continue to Deepen Growth Project Inventory

• Optimize & Expand Strategically Located Assets & Midstream Franchise

• Grow Investment-Driven Earnings, Cash Flow & Dividends

• Maintain Solid Investment Grade Rating

Providing Value to Shareholders

Delivering for Customers

• Maintain Safe, Reliable System

• Meet or Exceed Customer Expectations Every Day

• Deliver Projects On-Time, On-Budget & Safely

• Partner with Customers in Creative, Transparent & Respectful Ways

• Provide Open, Consistent & Convenient Customer Communication

Engaging Employees

• Advance Interdependent Safety Culture

• Provide Employees with Leadership & Talent Development

Opportunities

• Foster a Collaborative, Inclusive & Diverse Work Environment

• Keep Employees Engaged & Informed Through Frequent, Transparent

Communications

Three Stars: Representing CPG’s Commitment to…




5

A Premier Pipeline, Midstream and Storage Company

• Serving Attractive Northeast,

Midwest, Mid-Atlantic and Gulf

Coast Markets

• Strategically Positioned Overlaying

Prolific Marcellus and Utica Shale

Regions

• ~15,000 Pipeline Miles

• ~1.3 Tcf Annual Throughput

• ~300 MMDth of Working Gas

Capacity

• Diversified and High-Quality

Customer Base: LDCs, Gas-Fired

Electric Generators, Producers and

Marketers

• Anchored by Long-Term Fee-Based

Contracts

• Robust Growth Profile




Executing CPG’s 4M Strategy

Safe, Engaged, Diverse Employees

M M

M M

Key Deliverables

• ADVANCE Our Safety Culture

• DELIVER Safe, Reliable Service Every Day

• EXECUTE Projects On Time, On Budget

• REGAIN Premier Customer Service Position

• DEEPEN Our Project Investment Inventory

• GROW Our Midstream Business

• IMPLEMENT Process Excellence

• DELIVER Financial Results

Marketing, Modernization, Midstream & Minerals



CPG Interstate Pipeline and Storage Assets

Inte

rsta

te P

ipe

lin

e &

Sto

rag

e

11,395 mile interstate pipeline

Operations are located in Delaware, Kentucky, Maryland, New Jersey, New York, North Carolina,

Ohio, Pennsylvania, Virginia and West Virginia

89 compressor stations with 635,671 horsepower of installed capacity and ~3,400 underground

storage wells with approximately 290 MMDth of working gas capacity

3,341 mile interstate pipeline

Operations are location in Kentucky, Louisiana, Mississippi, Tennessee, Texas and Wyoming

11 compressor stations with ~470,200 horsepower of installed capacity

Columbia OpCo owns a 47.5% ownership interest in Millennium Pipeline Company, which

transports an average of 1 MMDth/d of natural gas

Columbia OpCo owns at 49% ownership interest in Hardy Storage Company, LLC, which

owns an underground gas storage field in Hardy and Hampshire counties in West Virginia.

Hardy Storage has a working storage capacity of ~12MMDth

Millennium Pipeline Joint Venture

Columbia Gas Transmission

Columbia Gulf Transmission

Strategically located network of FERC-regulated interstate pipelines and natural gas storage systems.

Hardy Storage Joint Venture



CPG Gathering, Processing and Other Assets

8

Gath

eri

ng

& P

rocessin

g

Oth

er

Northern West Virginia and Southwestern Pennsylvania

350 MMcf/d wet gas gathering pipeline system

Western Pennsylvania

20’’ and 24’’ high pressure gathering pipeline system with 425 MMcf/d of capacity

Northeast Ohio and Western Pennsylvania

50/50 partnership with Hilcorp affiliate

43 miles of wet gas gathering pipelines with 500 MMcf/d of capacity, a 200 MMcf/d cryogenic

processing plant and a 37 mile 45,000 Bbl/d NGL pipeline (expandable to 90,000 Bbl/d)

Pennant JV / Hickory Bend Gathering System

Majorsville Gathering System

Big Pine Gathering System

Manages Columbia OpCo’s mineral rights positions in the Marcellus and Utica shales

Owns production rights to over 450,000 acres and has sub-leased the production rights in

four storage fields and has also contributed its production rights in one other field



By the Numbers1

Industry Sectors Product

Categories

Business

Model

TTM Sales

TTM Adjusted EBITDA

$5.621B

$384M

Locations 400+

Countries

• Operations

• Direct Sales

(>$100,000)

• All countries

22..

45+

90+

Customers 21,000+

Suppliers 21,000+

SKU’s 230,000+

Employees ~4,500+

Company Snapshot

US

77%

Canada

9%

Europe / Asia

Pacific

14%

MRC Global is the largest global distributor of pipe, valves and fittings (PVF) to the energy industry

Upstream Valves

Midstream

Downstream /

Industrial

Line Pipe / OCTG

Fittings / Flanges

1. Trailing 12-month period as of June 30, 2015.



MRC Global Footprint

400+ global locations // Sales to 90+ countries

Regional Distribution Centers

Corporate Headquarters

Valve Automation Centers

Branch Locations

North America International

Branches US = 125+

Canada = 35+ 60+

Distribution Centers

US= 9

Canada = 1

Australia = 2

Netherlands = 1

Norway = 1

Singapore = 1

UAE = 1

UK = 1

Valve Automation Centers US =13

Canada = 1 20

Carbon Tubular Locations US = 97

Canada = 18 22



MRC Global’s Valve Business

At a Glance

1. Trailing 12-month period as of June 30, 2015.

Valve & Specialty

Product Sales

Current Valve

Inventory

Valve Actuation

Centers

Valve Distribution

Centers

Valve Engineers

6

34

$350 million+

$1.8 billion+1

200+



In the Beginning (1997)

• High staffing levels (warehouse, procurement, transportation)

• Changing regulations

• High inventory investment

• Technology challenges

• Managing multiple relationships

Focus on the Core Business



In the Beginning (1997)

100s of manufacturers 1000s of products 100s of delivery sites +

Inefficient Supply Chain

Projects

Operations &

Maintenance

Manufacturers and Distributors CPG Activity



GOALS

Focus on the Core Business

Streamline Operations

Increase Efficiencies

Improve Cost-competitiveness

SOLUTION

Find the right partner with the right strengths

INTEGRATED SUPPLY PARTNER



Looking For an Extension of Our Supply Chain

• Leverage the use of technology and industry best practices (estimating,

bidding, procurement, and payment)

• Leverage material requirements to provide lowest total cost of ownership

• Identify and align with key manufacturers for strategic alliances

• Minimize product lead times through utilization of inventories and other

strategic initiatives

• Ensure continuity of supply of quality materials per CPG specifications and

Approved Manufacturers List

• Align with material needs and business requirements

• Delivery of reliable materials safely, on-time, and on-budget



The Transformation

Projects

Operations &

Maintenance

CPG Activity

INTEGRATED SUPPLY PARTNER

Manufacturers and Distributors



Choosing the Right Partner

• Vision and Values

• Infrastructure

• Service Offerings

• Process Excellence

• Recognition in the

Marketplace

• Pricing Structure

• Sustainability



Why Still Today?

Executing on Our Robust Investment Opportunity

Significant Net Investment Growth

$0.9B

$2.7B

$1.0B ~$13.5B



• Transaction Management

• Quality Audits Product Inspections

• Electronic and Systems Integration

• Technical Expertise

• Market Experience / Intelligence

• Standardization

• Inventory Management

• Material Handling and Storage

• Logistics Management

• Leverage Spend for Savings

Eliminates

Redundancies

Reduces

Total Cost

MRC Global Integrated Supply Offering



CPG // MRC Global Contract

Products

• Mainline pipeline ball valves

• All other valves

• All line pipe

• OCTG

• Wellhead equipment

• High yield fittings and flanges

• Code tanks and vessels

• Cathodic protection

• Automation and Controls

• Instrumentation

• Fabricated equipment

• Electrical

• Metering

• Regulation

Anything CPG asks us to find



CPG // MRC Global Contract

Solutions

• Inventory Availability

• Pre-purchase of materials into MRC Global inventory for project usage

• AML Management / Quality

• Collaborative management of CPG’s AML and material specifications

• Material Staging

• Pre-project planning to ensure availability

• Materials Management

• Joint management of material and logistics to provide accountability – beyond our traditional role

• Logistics,

• Mobile Storage Units

• Specific and general project material

• Dedicated Resources

• Forecasting, bidding, purchasing, expediting, logistics, etc.

• Systems Integration

• Streamlining business transactions

• Valve Automation

• Technical Support



CPG // MRC Global

Integrated Business Partners

What We Are

• An extension of the CPG Supply Chain

• The RIGHT PEOPLE collaborating on key supply chain functions

• Audits, AML, project planning and development, electronic processes, etc.

• Daily field service team

• Long-term project management service team

What We Are Not

• Traditional buy-sell distributor

• Manufacturer

We are not you and we still need you!



Integrated Supply Adds Value to Manufacturers

Provides resources more suited to distribution model

• Manage services

• Provide transactional efficiencies and e-commerce connectivity with

customers

• Understand customer valve requirements and specifications

• Lead customers and manufacturers through the quality process

• Monitor and utilize existing inventory

• Bring together manufacturers with decision makers in the customer

organization



A Relationship Built to Last

Surviving Change

3

1997

3

2000

5

2003

5

2008

5

2013

Columbia Energy Group

THEN NOW Right Decision Right Reasons

http://www.nisource.com/



Premier Pipeline, Midstream and

Storage Company

Two Companies with Common Values

Personal Accountability

Integrity

Safety Results

Inclusion

Teamwork

Employee

Development

Safety Teamwork

Customer

Satisfaction

Operational

Excellence Business

Ethics

Premier PVF Products and

Services Distribution Company

Personal Accountability

Integrity

Safety Results

Inclusion

Teamwork

Personal

Accountability

Safety Teamwork

Inclusion

Results Integrity



Safe Reliable On time On budget

TRUST – RESPECT – MUTUAL VALUES



27

Questions?

Thank You

Documents

Columbia Pipeline Group // MRC Globalc.ymcdn.com/sites/ Columbia Pipeline Group // MRC Global Confidential Information Agenda Columbia Pipeline Group Overview MRC Global Overview Finding