NGV Bridge

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NGV BRIDGE OnCue Express April 3, 2014

description

NGV Bridge. OnCue Express April 3, 2014. WHO WE ARE: OnCue Express. 14 (+2 Under Construction) CNG Locations 41 (+2 Under Construction) Convenience Stores 650 Employees Growing 5 C-Stores per year Growing 10-12 CNG locations per year. WHERE WE OPERATE CNG. Existing OnCue CNG. - PowerPoint PPT Presentation

Transcript of NGV Bridge

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NGV BRIDGE

OnCue ExpressApril 3, 2014

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WHO WE ARE: OnCue Express

• 14 (+2 Under Construction) CNG Locations• 41 (+2 Under Construction) Convenience Stores• 650 Employees• Growing 5 C-Stores per year• Growing 10-12 CNG locations per year

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WHERE WE OPERATE CNG

Existing OnCue CNG Proposed OnCue CNG

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Oklahoma CNG Growth•Since 2008

• 940%: growth in natural gas consumption• 300%: growth in natural gas vehicles• 390%: growth in CNG fueling infrastructure• $1.79: OnCue’s current CNG price per gallon• Over 80: Oklahoma public CNG stations

•In 2013• $5,000,000+: OnCue customer savings vs gasoline/diesel

• 2014 Projected• $6,000,000+: Customer Savings

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ONCUE CNG GROWTH

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Price Stability Example

The Price per MCF on March 31, 2014 was $4.38Using the same input costs, the price per gge would be $1.80

INPUT COSTNatural Gas (divide by 8) $0.50

Transport Costs & Fees $0.20

Electricity Costs per GGE $0.15

Maintenance per GGE $0.25

Federal and State Taxes $0.25

Fuel Card Fees per GGE $0.05

Retailer Profit Margin $0.35

CNG at the Pump $1.75

Natural Gas @ $4.00 per MCF Natural Gas @ $8.00 per MCF

INPUT COSTNatural Gas (divide 8) $1.00

Transport Costs & Fees $0.20

Electricity Costs per GGE $0.15

Maintenance per GGE $0.25

Federal and State Taxes $0.25

Fuel Card Fees per GGE $0.05

Retailer Profit Margin $0.35

CNG at the Pump $2.25

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Price Stabilityenergy spot prices2012 dollars per diesel gallon equivalent

History Projections2013

Retail LNG

Retail diesel

Retail CNG

Source: EIA, Annual Energy Outlook 2014 Early ReleaseNicholas Chase; used with permission

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FLEET PAYBACKAnnual miles in first 2

years (thousand)

Payback period (years)

Class 3 (CNG) Class 4-6 (CNG) Class 7-8 (CNG)

0 – 20 10 17 20+

20 – 40 5 8 10

40 – 60 3 6 7

60 – 80 3 5 6

80 – 100 3 4 5

100 – 120 3 4 4

120 – 140 3 4 4

140 – 160 3 4 4

160 – 180 3 3 3

180 – 200 3 3 3

200+ 3 2 3

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INDUSTRY GROWTHnatural gas use by modetrillion Btu

Source: EIA, Annual Energy Outlook 2014 Early ReleaseNicholas Chase; used with permission

Natural gas consumption, 2040 Mode tril Btu mode%Freight trucksFreight railBusesLight-duty vehicles

613 (8%) 148 (35%) 81 (28%) 19 (0.2%)

Light-duty vehicles

Freight trucks

Buses

Freight rail

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PARTNERSHIP OPPORTUNITY•C-Store Co-Location

• OnCue will work with other C-Store operators to locate CNG at their current/future convenience store

• OnCue pays for CNG Equipment ($1+ million)• OnCue owns, operates & maintains equipment

•CNG Stand Alone• Similar to our current list of card-lock CNG locations, OnCue

will help fleets convert to CNG by installing infrastructure near their fleet hub.

• Public/Private CNG• Custom built CNG infrastructure to maximize ROI for fleet• Allows nearby fleets to take advantage of site

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WHAT DOES CNG LOOK LIKE?

• Location: Memorial & Western in OKC

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WHAT DOES CNG LOOK LIKE?

• Location: 50th & Western in OKC

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WHAT DOES CNG LOOK LIKE?

• Location: 23rd Street & I-235 in OKC

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CORPORATE INFORMATIONOnCue Express HQ:916 N Main StreetStillwater, OK 74075

Contact Information:Scott [email protected](405) 338-8552