state of the port and bond issue briefing for...
TRANSCRIPT
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STATE OF THE PORT AND BOND
ISSUE BRIEFING FOR 2015Barbara Canales –
POCCA Commission Secretary
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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
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BE AN ENVIRONMENTAL LEADER
Air Quality
Water Quality
Sustainability
Technological
Advancement
Program
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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
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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
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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
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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
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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
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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’
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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
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LA QUINTA MULTI-PURPOSE DOCK & TERMINAL
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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
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BNSF UPFERROMEX
KCS
INTERNATIONAL RAIL
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PIPELINE INFRASTRUCTURE
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Close to Eagle Ford
Pipeline connections to EFS and Permian Basin
Abundant Storage
Oil Refining and Crude/Condensate Splitting
WELL CONNECTED
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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
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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
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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* -
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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
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LNG
$18-20 billion
Operational
1stQ2019
CHENIERE
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Steel Pipe
$1 Billion
Phase 2
underway
Completion
4thQ2016
Tianjin Pipe Corporation America
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HBI
$740m
Operational
1stQ2016
VOESTALPINE
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PET/PTA
$1.1 billion
Operational
4thQ2016
M&G CHEMICALS Corpus Christi Facility
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OXY CHEM ETHYLENE LLC
Operational 1STQ2017
1.5 Million Tons Ethylene > Ethane
PVCJoint venture with
Mexichem
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OXY INGLESIDE ENERGY CENTER
Permian OilLPG export facility
Beginning operations:LPG 2016Oil 2016
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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
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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
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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
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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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FOLLOW US!
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