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NGV BRIDGE OnCue Express April 3, 2014. WHO WE ARE: OnCue Express 14 (+2 Under Construction) CNG Locations 41 (+2 Under Construction) Convenience Stores.

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Presentation on theme: "NGV BRIDGE OnCue Express April 3, 2014. WHO WE ARE: OnCue Express 14 (+2 Under Construction) CNG Locations 41 (+2 Under Construction) Convenience Stores."— Presentation transcript:

1 NGV BRIDGE OnCue Express April 3, 2014

2 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

3 WHERE WE OPERATE CNG Existing OnCue CNG Proposed OnCue CNG

4 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

5 ONCUE CNG GROWTH

6 Price Stability Example The Price per MCF on March 31, 2014 was $4.38 Using the same input costs, the price per gge would be $1.80 6 INPUTCOST Natural 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 MCFNatural Gas @ $8.00 per MCF INPUTCOST Natural 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

7 Price Stability energy spot prices 2012 dollars per diesel gallon equivalent History Projections 2013 Retail LNG Retail diesel Retail CNG Source: EIA, Annual Energy Outlook 2014 Early Release Nicholas Chase; used with permission

8 FLEET PAYBACK Annual miles in first 2 years (thousand) Payback period (years) Class 3 (CNG)Class 4-6 (CNG)Class 7-8 (CNG) 0 – 20 101720+ 20 – 40 5810 40 – 60 367 60 – 80 356 80 – 100 345 100 – 120 344 120 – 140 344 140 – 160 344 160 – 180 333 180 – 200 333 200+ 323

9 INDUSTRY GROWTH natural gas use by mode trillion Btu Source: EIA, Annual Energy Outlook 2014 Early Release Nicholas Chase; used with permission Natural gas consumption, 2040 Mode tril Btu mode% Freight trucks Freight rail Buses Light-duty vehicles 613 (8%) 148 (35%) 81 (28%) 19 (0.2%) Light-duty vehicles Freight trucks Buses Freight rail

10 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

11 WHAT DOES CNG LOOK LIKE? Location: Memorial & Western in OKC

12 WHAT DOES CNG LOOK LIKE? Location: 50 th & Western in OKC

13 WHAT DOES CNG LOOK LIKE? Location: 23 rd Street & I-235 in OKC

14 CORPORATE INFORMATION OnCue Express HQ: 916 N Main Street Stillwater, OK 74075 Contact Information: Scott Minton s_minton@oncueexpress.com (405) 338-8552


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