STATE OF THE PORT AND BOND ISSUE BRIEFING FOR 2015portofcc.com/wp-content/uploads/Port_Speakers_2016_Barbara-New... · STATE OF THE PORT AND BOND ISSUE BRIEFING FOR 2015 Barbara Canales

STATE OF THE PORT AND BOND

ISSUE BRIEFING FOR 2015Barbara Canales –

POCCA Commission Secretary

WHO WE ARE

∙ 5th Largest US Port

∙ 100m tons of cargo

shipped in 2014 & 2015

∙ 66m Port-Related Jobs

∙$319m State & Local Tax

Revenue

∙200+ employees

∙Public Corporation

& Political Subdivision

FACILITIES AND ASSETS

∙ 36 Miles of Ship Channel

∙ 17,700 Submerged & 7,286

Upland Acres

∙ 48 Docks

∙ 528,000 sq.ft. Warehouse Space

∙ 80 Acres of Open Storage

∙ 43 mi of rail, 60 mi New NRRY

∙ 138ft Bridge Clearance,

Soon 205ft

ABOUT PORT CORPUS CHRISTI

BE AN ENVIRONMENTAL LEADER

Air Quality

Water Quality

Sustainability

Technological

Advancement

Program

IN THE LAST DECADE∙Diversification of Cargo

∙ Operating Revenues From $28m to nearly $90m

∙ Total assets from $212m to $435m∙Capital Expenditures in Port

Infrastructure $261m∙Environmental

Investments $20m

ABOUT PORT CORPUS CHRISTI

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

2011 2014 2019

REVENUES BY CUSTOMER

Refineries New Industry Other

80

85

90

95

100

105

110

2013 2014 2015 (A) 2016

Actual Budget

Overall Tonnage Projected Flat

Crude volumes (44% total

tonnage) projected flat or slightly

down

Wind turbines projected to

increase, helping to offset crude

volumes

2016 TONNAGE FORECAST

Short Tons

95

100

105

110

115

120

125

2016 2017 2018

Main contributor to increase tonnage. Projections are as follows:

Tonnage carried over from 2016 is assumed to be flat

Projected new industry volumes from TPCO, Oxy Ingleside, voestalpine, M&G, and Oxychem are driving increases

THREE YEAR TONNAGE PROJECTIONS

18.25

17.37

21.27

0.20

23.34

9.31

6.20

1.320.29 1.00

0.281.16

Offshore Driling

Drilling Rigs

Wind Turbines

Ceramic Proppan

Steel Pipe

Structural Steel

All Comm-BMD

Iron & Steel

Machinery Less

Steel Slabs

Machinery More

ContainerIncreased from 16.5% in 2010

PERCENTAGE OF 2014 CARGO BY TONNAGE

Wind Turbine

Components

2014 Total

39 Vessel Calls

655 Tower Sections

894 Blades

2015 Q1 – Q3

54 Vessel Calls

1,028 Tower Sections

973 Blades

2016 FORECAST

101 Vessel Calls

1,521 Tower Sections

1,600 Blades

$2,165,777

$2,728,090

$3,436,400

$4,326,427

0

500000

1000000

1500000

2000000

2500000

3000000

3500000

4000000

4500000

5000000

YR 2014 YR 2015 (est) YR 2016 (est) YR 2017 (est)

Predicted Wind Turbine Revenue

WIND ENERGY

CHANNEL IMPROVEMENT PROJECT

Existing Dredge Material Area

New Dredge Material Area

Channel-45 to -52 MLT

Extend LQ Channel 7,400’ at -45’ MLT

Widen from 500’ to 530’

Extend Entrance 10k’Deepen to -54MLT

Inner Harbor to -52 MLT

LQ Multi-purpose Terminal

Eco-systemrestoration

Widen from400’ to 530’

ESLEBAN DORADO

New Oil Dock 12Repurposed Fire

Barge Dock

PLAINSNew Oil Dock 5

Repurposed Viola Barge

Mooring Area

NuStarNew Oil Dock 16

Repurposed CD 12

MARTINTemp. Oil Dock 15

Repurposed CD 10

BuckeyeNew Oil Dock 1

PLAINSNew Oil

Dock Under Construction

PCCA West Barge

Mooring AreaLease to Kirby

Under Construction

NuStar(lease)

New Oil Dock 17

MARTINNew Oil Dock 15

Lease

CASTELON/CCI

Proposed Ship Dock (2) + Barge

Dock (1)

Proposed new Valero

Dock

ProposedPCCA

New Oil Dock 18

PCCA New

Public Oil Dock 14

TEXAS LEHIGH

New Sand Barge Dock

Bulk Dock 3

INNER HARBOR INVESTMENTS

RepurposedNew ConstructionDesign & Permitting

LA QUINTA MULTI-PURPOSE DOCK & TERMINAL

Phase 1: 8000’ Unit Train Siding (1)

4200’ Interchange Tracks (4)Completed 2014

Phase 2:8500’ Tracks (8)

Under Construction Est. Completion 4thQ2016

$28m ($22m TxDOT)

NUECES RIVER RAIL YARD

Complete

Under construction

BNSF UPFERROMEX

KCS

INTERNATIONAL RAIL

PIPELINE INFRASTRUCTURE

Close to Eagle Ford

Pipeline connections to EFS and Permian Basin

Abundant Storage

Oil Refining and Crude/Condensate Splitting

WELL CONNECTED

250 Mb/d Cactus Pipeline online April 2015

Direct Permian to Corpus Christi

Expansion to 330 Mb/d capacity by 2016

Connects Joint Venture Pipeline at Gardendale

CACTUS PIPELINE

Plains All American and Enterprise Products Partners

Moves crudes/condensate to Three Rivers and Corpus Christi, and can connect to Houston via Lyssy

Connected to deep water terminal at Port Corpus Christi

JOINT VENTURE PIPELINE

INBOUND & OUTBOUND CRUDE

Jan2014

Feb2014

Mar2014

Apr2014

May2014

Jun2014

Jul2014

Aug2014

Sep2014

Oct2014

Nov2014

Dec2014

Jan2015

Feb2015

Mar2015

Apr2015

May2015

Jun2015

Jul2015

Aug2015

Sep2015

Oct2015

Nov2015

Dec2015*

MonthlyInbound

8.51 4.38 6.35 8.87 8.99 8.43 10.09 9.70 6.70 9.47 8.17 8.90 7.78 7.62 8.84 7.76 5.68 10.42 7.12 7.82 8.91 8.99 9.14 6.74

MonthlyOutbound

10.88 9.50 13.44 13.71 16.22 15.20 15.82 20.34 17.00 17.05 17.91 17.97 20.18 17.58 18.30 18.08 18.73 18.47 18.47 17.64 15.22 17.18 17.58 15.71

-

5.00

10.00

15.00

20.00

25.00

Barr

els

-In

Millio

ns

CrudeInbound -Outbound

2014 - 2015* -

OXY ETHYLENE

KIEWIT

SHERWIN ALUMINA

OXY ENERGY

INGLESIDE

TRAFIGURABUCKEYE

ELEMENTIS

AIR LIQUIDE

CELANESEBISHOP, TX

AEP TEXAS

LYONDELL BASELL

CITGO WEST

FLINT HILLS

MAGELLAN

GULF MARINEFABRICATORS

FLINT HILLS INGLESIDE

MARTIN MIDSTREAM

GULF COMPRESS TPCO

CHENIERE

VOESTALPINE

M&G

EMAS

PLAINS

CASTLETON

PLAINS

BTB REFINING

INTERSTATEGRAINPLAINS

CHENIERE CONDENSATE

EXCALIBUR

DUPONTVALERO

HALIBURTON

BAY

ADM GRAIN ELEVATOR SUPERIOR

WEIGHTING

MARKWEST JAVELINA

NUSTAR

FLINT HILLS EAST TEXAS

LEHIGH/ NORTHERN WHITESAND

TOPAZ POWER GROUP

CITGO EAST

PLAINS

$40 BILLION OF INVESTMENT

LNG

$18-20 billion

Operational

1stQ2019

CHENIERE

Steel Pipe

$1 Billion

Phase 2

underway

Completion

4thQ2016

Tianjin Pipe Corporation America

HBI

$740m

Operational

1stQ2016

VOESTALPINE

PET/PTA

$1.1 billion

Operational

4thQ2016

M&G CHEMICALS Corpus Christi Facility

OXY CHEM ETHYLENE LLC

Operational 1STQ2017

1.5 Million Tons Ethylene > Ethane

PVCJoint venture with

Mexichem

OXY INGLESIDE ENERGY CENTER

Permian OilLPG export facility

Beginning operations:LPG 2016Oil 2016

Company Product 2016 2017 2018

TPCO Steel Pipe/ Pig Iron 0 300,000 300,000

Oxy Ingleside Energy Center Oil/Propane 0 7,891,901 10,462,324

voestalpine HBI Resin 2,400,000 5,500,000 5,500,000

M&G Group PET/PTA 0 142,857 285,714

Cheniere LNG 0 0 0

2,400,000 13,834,759 16,548,038

NEW INDUSTRY TONNAGE PROJECTIONS

NEW 205’ CLEARANCE BRIDGE

Accommodates a safer flow of traffic with a longer approach/departure angle

Provides approximately 205 foot of clearance for larger modern ocean going vessels to pass below

Designated as a 100 year bridge to replace aging 1950’s design

Opens the Corpus Christi SEA District for new development

OPPORTUNITIES & THE PANAMA CANAL

New Cargo Opportunities

LNG & LPG (Export)Crude Oil & Refined Products (Export)Grain (Export)Containers (Import & Export)Project Cargo (Import & Export)

Current Vessel Max:4,800 TEUs60,000 MT

New Vessel Max:12,600 TEUs150,000 MT

First U.S. Crude Oil Shipment Since Repeal of 40year Embargo

Sailed from NuStar Dock at Port Corpus Christi 12.31.2015 to Trieste Italy and pipelined to

Germany

Conoco Phillips sold Eagle Ford Shale Crude Oil to Vitol – one of

world’s largest petroquemicaltraders

THEO T Sailed from Port Corpus Christi to Trieste, Italy

Dec 31st, 2015

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