Oneok, Inc. · NYSE:OKE
Oneok — Investor Presentation (2018)
34 slides from Oneok's investor presentation, Dec 21, 2018
Slide 1: Welcome and Introductions
Welcome and Introductions 2018 Interstate Pipelines Customer Meeting-Glen Richars, Manager /Interstate Commercial
Slide 2: 2018 Interstate Pipelines Meeting
2018 Interstate Pipelines Meeting Agenda: Welcome 8:30am-8:40am Keynote 8:40am-9:25am Business Development 9:25am-9:40am Commercial 9:40am-9:55am Break 9:55am-10:10am Website App 10:10am-10:30am Regulatory 10:30am-11:15am Page 2
Slide 3: Organization—Interstate Pipelines
Organization—Interstate Pipelines Kevin Burdick Executive VP and Chief Operating Officer Chuck Kelley Senior VP Natural Gas Teri Tingler Steve Dixon VP Hayley Rose Director Business Development VP Commercial Transportation Cliff Allison Trey Greaney Dean Lowe Melissa McBroom Sara Rogers Director B.D
Slide 4: Keynote-Kevin Burdick, ONEOK Executive VP & Chief Operating Officer
Keynote-Kevin Burdick, ONEOK Executive VP & Chief Operating Officer 2018 Interstate Pipelines Customer Meeting
Slide 5: Forward-looking Statements
Forward-looking Statements Statements contained in this presentation that include company expectations or predictions should be considered forward- looking statements that are covered by the safe harbor protections provided under federal securities legislation and other applicable laws. It is import
Slide 6: Integrated. Reliable. Diversified.
Integrated. Reliable. Diversified. • Approximately 38,000-mile network of natural gas liquids and natural gas pipelines • Provides midstream services to producers, processors and customers • Significant basin diversification • Growth expected to be driven by: – Industry fundamentals from increased p
Slide 7: Natural Gas Pipelines Connectivity to key markets
Natural Gas Pipelines Connectivity to key markets • Predominantly fee-based income • 94% of transportation capacity contracted under firm demand-based rates in 2017 • 83% of contracted system transportation capacity served end-use markets in 2017 – Connected directly to end-use markets Local natur
Slide 8: Natural Gas Liquids Growth Projects
Natural Gas Liquids Growth Projects $3.6 billion announced since June 2017 CapEx Expected Project Scope ($ in millions) Completion • 120-mile pipeline lateral extension with capacity of 110,000 bpd in the Delaware Basin West Texas LPG Pipeline • Supported by long-term dedicated NGL production from t
Slide 9: Gathering and Processing Growth Projects
Gathering and Processing Growth Projects $600 million announced since June 2017 CapEx Expected Project Scope ($ in millions) Completion Additional STACK • 200 MMcf/d processing capacity through long-term processing services agreement with third party $40 In Service processing capacity • 30-mile natu
Slide 10: Business Development Update
Business Development Update 2018 Interstate Pipelines Customer Meeting
Slide 11: Cliff Allison
Cliff Allison Director, Business Development Page 11
Slide 12: Business Development: VGT – WBI Lateral
Business Development VGT – WBI Lateral • New Interconnect to serve growing demand in eastern North Dakota • 35,000 dth/d of Firm mainline transport on VGT via prearranged contracts • Bi-directional meter sized for 60,000 dth/d • Customer will build and operate 37 mile lateral from VGT Interconnect t
Slide 13: Business Development: GPL – New Interconnect
Business Development GPL – New Interconnect • New Interconnect on North end of system to serve WPS power generation • 25,600 dth/d of Firm mainline transport on GPL via prearranged contracts • Customer will build and operate lateral from GPL In-Service Q3/Q4 2018 Proposed Kaukauna Interconnection Pa
Slide 14: Business Development: MGT – Potential Power Plant Connections
Business Development MGT – Potential Power Plant Connections • Several new or refueled power generation projects being scoped on MGT • Strategic to power grid • Multiple supply sources – Northern Border – Alliance – REX – Tennessee • Service capabilities a function of supply source and plant locatio
Slide 15: Commercial Update
Commercial Update 2018 Interstate Pipelines Customer Meeting
Slide 16: John Minger
John Minger Manager, Interstate Commercial Page 16
Slide 17: Guardian Available Capacity
Guardian Available Capacity • Currently available: • Full Path - 18,562 Dth/day with ROFR • Full Path - 25,600 Dth/day without ROFR, Today – 10/31/18 Page 17
Slide 18: Viking Available Capacity
Viking Available Capacity • Currently Available Southbound Capacity – Full Path • Today through October 2018 - 10,000 Dth/day available from TCPL/Emerson to ANR/Marshfield without ROFR • Currently Available Northbound Capacity – Partial Path • 150,000 Dth/day from NNG/Chisago to any physical deliver
Slide 19: Midwestern Available Capacity
Midwestern Available Capacity • Currently available southbound-Fully subscribed full path • Currently available northbound-Fully subscribed full path • Partial paths are subject to availability Page 19
Slide 20: Interstate Interactive Pipeline System Map (IIPSM) Enhancements and New Features
Interstate Interactive Pipeline System Map (IIPSM) Enhancements and New Features 2018 Interstate Pipelines Customer Meeting
Slide 21: Jeremy Flynt, Wesley Li
Jeremy Flynt Director of IT Applications Wesley Li Architect of IT Applications Page 21
Slide 22: Enhancements
Enhancements • Each tab will change color to blue when clicked to highlight the selected tab (active page). The title font has been changed to bold to make it more noticeable. (See screen shot below). Page 22
Slide 23: Enhancements
Enhancements • The following information is now displayed for a current nomination cycle when the mouse is placed over a point: – Location Name – Gas Day – Cycle – Flow – Operating Capacity – Total Scheduled Quantity – Operationally Available Capacity Page 23
Slide 24: Enhancements
Enhancements 6/29/2017 10:00 PMG 6/30/2017 9:00 AM 7 Location: ANR Marshfieki 7 > Gas Day: 6/30/2017 9:00 AM Cycle: EVE Flow: Delivery Operating Capacity: 110,713 PR) Total Scheduled Quantity: 0 — Operationally Avaiable Capacity: 110,713 id i— ” hil — Wisc Gas Marshfield }, \NR Marshfield ~\ Wiscons
Slide 25: Enhancements
Enhancements • Color coding selected point/segment records based on the Operationally Available Capacity(total scheduled quantity/operating capacity): – 0-89% will show up as green – 90% full or more will show up as yellow – 100% full (no more gas getting through) will show up as red Page 25
Slide 26: New Features
New Features • The “Past Capacity Finder” has been created to allow users to search for historical information by gas day or different historical time frames. • For example, if you want to see a past flow day in the winter, you can use the below parameters to see that data: – Choose a starting date.
Slide 27: New Features
New Features => = ONEOK Page 27
Slide 28: Questions?
Questions? • ONEOK IT will be available throughout the week to be able to answer questions and to get feedback. Page 28
Slide 29: Regulatory Environment Update
Regulatory Environment Update 2018 Interstate Pipelines Customer Meeting
Slide 30: Denise Adams
Denise Adams Director – Certificates, Tariffs & Regulatory Compliance Page 30
Slide 31: Section 5 Review – RP18-441-000
Section 5 Review – RP18-441-000 Midwestern Gas Transmission Company • Key Procedural Dates – February 28, 2018 – Base period ends, six month test period begins – May 29, 2018 – Cost & Revenue Study – August 23, 2018 – Staff and Intervenor Testimony and Exhibits – October 16, 2018 – Answering Testimo
Slide 32: Viking Gas Transmission Company
Viking Gas Transmission Company RP14-1185-000 Comeback Requirement and Timing • Stipulation and Agreement Key Dates – Section 4 filing with new rates to be in effect by January 1, 2020 – Pre-filing settlement process initiation by January 31, 2019 • Section 4 Timeline – Base Period – March 1, 2018 –
Slide 33: Regulatory Environment – 2018
Regulatory Environment – 2018 Impact of Tax Cut and Jobs Act RM18-11 Notice of Proposed Rulemaking (NOPR) – NOPR issued March 15, 2018; Initial Comments filed April 25, 2018 – Proposed Form 501-G Addresses PL17-1 order on tax allowance for MLP 2017 4Q Form 2 Data Adjusted for Tax Rate Decrease
Slide 34: Regulatory Environment – 2018
Regulatory Environment – 2018 Gas – Electric Coordination, Part III • A little history first… – Gas – Electric Coordination, Parts I and II – Grid Reliability and Resilience Pricing DOE directive on September 28, 2017 led to NOPR issued October 2, 2017 NOPR withdrawn January 8, 2018 • Gas – Elec