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 CNG locations per year
WHERE WE OPERATE CNG Existing OnCue CNG Proposed OnCue CNG
Oklahoma CNG Growth Since %: 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
ONCUE CNG GROWTH
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 $ 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 $4.00 per MCFNatural $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
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
FLEET PAYBACK Annual miles in first 2 years (thousand) Payback period (years) Class 3 (CNG)Class 4-6 (CNG)Class 7-8 (CNG) 0 – – – – – – – – – –
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
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
WHAT DOES CNG LOOK LIKE? Location: Memorial & Western in OKC
WHAT DOES CNG LOOK LIKE? Location: 50 th & Western in OKC
WHAT DOES CNG LOOK LIKE? Location: 23 rd Street & I-235 in OKC
CORPORATE INFORMATION OnCue Express HQ: 916 N Main Street Stillwater, OK Contact Information: Scott Minton (405)