Oneok, Inc. · NYSE:OKE
Oneok — Investor Presentation (September 2020)
13 slides from Oneok's investor presentation, September 2020
Slide 1: Investor Update September 2020
I N V E S T O R U P D AT E SEPTEMBER 2020
Slide 2: Forward-Looking Statements
FORWARD -LOOKING STATEMENTS Statements contained in this presentation that include company expectations, outlooks 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
Slide 3: Responding to COVID-19
RESPONDING TO COVID -19 ONEOK - AN ESSENTIAL CRITICAL INFRASTRUCTURE BUSINESS Employee and Community Business Contractor Support Support Sustainability We continue to monitor and take action Approximately $600,000 pledged to We remain focused on operating assets considering CDC and government suppor
Slide 4: Solid Business Model – Proven Performance
SOLID BUSINESS MODEL – PROVEN PERFORMANCE BUILT TO WITHSTAND VARIOUS MARKET CONDITIONS • Solid investment-grade balance sheet Financial Strength and Flexibility ▪ S&P: BBB (stable) – affirmed April 30, 2020 ▪ Moody’s: Baa3 (stable) – affirmed May 26, 2020 • $2.5 billion credit facility – no borrowin
Slide 5: Integrated. Reliable. Diversified.
INTEGRATED. RELIABLE. DIVERSIFIED. ◆ Competitively positioned – key asset locations and market share ◆ Approximately 40,000-mile network of natural gas liquids and natural gas pipelines ◆ Provides midstream services to producers, processors and customers ◆ Significant basin diversification Natural G
Slide 6: Regional Volume Update
REGIONAL VOLUME UPDATE NATURAL GAS LIQUIDS NATURAL GAS GATHERING AND PROCESSING ◆ Rocky Mountain: ◆ Rocky Mountain: ▪ August NGL raw feed throughput reached more than 230,000 bpd, a ▪ August natural gas volumes processed reached 1,100 MMcf/d, a more more than 40% increase compared with the second qu
Slide 7: Natural Gas Liquids Volume Recovery
NATURAL GAS LIQUIDS VOLUME RECOVERY CURRENT ROCKIES VOLUMES EXCEEDING PRE-COVID AVERAGE VOLUMES Rockies Region NGL Raw Feed Throughput (bpd) Capacity Expandable to ~540,000 bpd(a) • Minimal capital needed to expand Elk 160,000 Creek Pipeline with pump stations to meet future customer needs. Current
Slide 8: Opportunity to Capture Flared Production
OPPORTUNITY TO CAPTURE FLARED PRODUCTION LIMITED WILLISTON BASIN ACTIVITY NEEDED TO CAPTURE VOLUME IN EXCESS OF 1.1 BCF/D 1,750 O N E O K I l l u s t r a t i v e D e d i c a t e d G r o s s P r o d u c t i o n (a) 1,500 ONEOK Natural Gas ~45 average well completions per month ~35 average well comple
Slide 9: Williston Basin: Increasing GOR and Flaring Present Opportunities
WILLISTON BASIN INCREASING GAS-TO-OIL RATIOS (GOR) AND FLARING PRESENT OPPORTUNITIES North Dakota Natural Gas and Crude Oil Produced North Dakota Natural Gas Produced and Flared 3,500 3,500 40% 3,000 3,000 35% 30% 2,500 2,500 Gas Produced (MMCf/d) 25% 2,000 2,000 % Flared 2.21 GOR 20% (July 2020) 1,
Slide 10: Well-Capitalized Customer Base
WELL -CAPITALIZED CUSTOMER BASE DIVERSIFIED COUNTERPARTIES WITH HIGH CREDIT QUALITY No single customer represents more than 10% of ONEOK’s revenue. Investment-grade Customers Primary Customers Contract Structure YE 2019 • Large integrated and well-capitalized producers, and • Limited counterparty cr
Slide 11: Promoting Long-Term Business Sustainability
PROMOTING LONG -TERM BUSINESS SUSTAINABILITY Environmental Social Governance Providing solutions to Long history of promoting Adoption of SASB reduce flaring in the diversity and inclusion reporting standards Williston Basin ESG-focused leadership Working to reduce Committed to ongoing committees he
Slide 12: ESG-Related Highlights
ESG-RELATED HIGHLIGHTS RECENT RECOGNITION ◆ Included in 30 ESG-related indexes, including: ▪ S&P 500 ESG Index ▪ Dow Jones Sustainability North America Index ▪ FTSE4Good Index ▪ JUST U.S. Large Cap Diversified Index ▪ MSCI USA Quality Index ◆ Carbon Disclosure Project (participated 2013-2020) ▪ Rank
Slide 13: ESG Initiatives and Practices
ESG INITIATIVES AND PRACTICES PROMOTING LONG-TERM BUSINESS SUSTAINABILITY ◆ Effective Governance and Oversight ◆ Committed to Safety ▪ Diverse board of directors – members elected annually, including a ▪ Training – robust protocols and training focused on employee, asset and nonexecutive chairman, l