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Q4 and FY 2018 Results Presentation – Oneok Inc.

Oneok Inc. · Feb 25, 2019 · 15 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Q4 and FY 2018 Results Presentation – Oneok Inc. – slide 1
    FOURTH-QUARTER AND FULL-YEAR 2 0 1 8 R E S U LT S FEB. 25, 2019
  2. Q4 and FY 2018 Results Presentation – Oneok Inc. – slide 2
    INDEX FINANCIAL STRENGTH 4 2019 FINANCIAL GUIDANCE 5 NATURAL GAS LIQUIDS 6 ELK CREEK PIPELINE VOLUME EXPECTATIONS 8 NATURAL GAS GATHERING AND PROCESSING 9 NATURAL GAS PIPELINES 11 FOURTH-QUARTER 2018 VS. THIRD-QUARTER 2018 12…
  3. Q4 and FY 2018 Results Presentation – Oneok Inc. – slide 3
    FINANCIAL STRENGTH A COM PETITIVE ADVANTAGE INCREASING EXCESS CASH Total liquidity of 3.5 billion at Dec. 31, 2018, with borrowing capacity of 2.5 billion Adjusted EBITDA Growth available on ONEOKs credit facility and 950 million…
  4. Q4 and FY 2018 Results Presentation – Oneok Inc. – slide 4
    ONEOK 2019 FINANCIAL GUIDANCE 2019 Guidance ( in millions) Net income 1,140 1,400 Adjusted EBITDA 2,500 2,700 Distributable cash flow 1,820 2,060 Capital-growth expenditures 2,500 3,700 Maintenance capital expenditures 160 200…
  5. Q4 and FY 2018 Results Presentation – Oneok Inc. – slide 5
    NATURAL GAS LIQUIDS VOLUME UPDATE NGL volumes gathered increased 12 percent compared with 2017 G a t h e r e d Vo l u m e ( M B b l / d ) Ethane volumes across ONEOKs system increased approximately 65,000 bpd compared with 2017 2018…
  6. Q4 and FY 2018 Results Presentation – Oneok Inc. – slide 6
    NATURAL GAS LIQUIDS VOLUME UPDATE New Disclosure NGL Gathered and Fractionated N G L R a w F e e d T h r o u g h p u t Vo l u m e Vo l u m e s ( M B b l / d ) (d)(MBbl/d) 912 770 812 715 586 621 1,080-1,165 895 1,010 836…
  7. Q4 and FY 2018 Results Presentation – Oneok Inc. – slide 7
    ELK CREEK PIPELINE VOLUME RAMP EXPECT TO ACHIEVE FOUR TO SIX TIMES EBITDA MULTIPLE IN FIRST QUARTER 2020 240,000 Current contracted capacity: 170,000 bpd Additional contracted volume: Demicks Lake II and third-party plant…
  8. Q4 and FY 2018 Results Presentation – Oneok Inc. – slide 8
    NATURAL GAS GATHERING AND PROCESSING VOLUME UPDATE G a t h e r e d Vo l u m e s (MMcf/d) Rocky Mountain 1,915 2,115 1,937 143 well connects completed in fourth quarter 2018; 610 for the full year 2018 1,680 1,561 973 925-1,025…
  9. Q4 and FY 2018 Results Presentation – Oneok Inc. – slide 9
    NORTH DAKOTA NATURAL GAS FLARING CONNECTED MORE THAN 600 WELLS IN 2018 ONEOK Dedicated Gross Production 1,700 1,500 Capacity with Demicks Lake II 1,300 Capacity with Demicks Lake I MMcfd 1,100 Gas Flared Current ONEOK…
  10. Q4 and FY 2018 Results Presentation – Oneok Inc. – slide 10
    NATURAL GAS PIPELINES WELL-POSITIONED AND MARKET-CONNECTED N a t u r a l G a s Tr a n s p o r t a t i o n Capacity Contracted (MDth/d) Expect more than 95 percent fee-based earnings in 2019, and: Approximately 95 percent of…
  11. Q4 and FY 2018 Results Presentation – Oneok Inc. – slide 11
    BUSINESS SEGMENT PERFORMANCE Q4 2018 VS. Q3 2018 ADJUSTED EBITDA VARIANCES Natural gas gathering and processing increased 16.4 million increase due primarily to natural gas volume growth in the STACK and SCOOP areas 6.7 million…
  12. Q4 and FY 2018 Results Presentation – Oneok Inc. – slide 12
    2019 FINANCIAL GUIDANCE NON-GAAP RECONCILIATION 2019 Guidance Range (Millions of dollars) Reconciliation of Net Income to Adjusted EBITDA and Distributable Cash Flow Net Income 1,140 - 1,400 Interest expense, net of capitalized…
  13. Q4 and FY 2018 Results Presentation – Oneok Inc. – slide 13
    NON-G A A P RECONCILIATION 2016 2017 2018 ( in Millions) FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Reconciliation of Net Income to Adjusted EBITDA Net income 744 186 176 167 65 594 266 282 314 293 1,155 Interest expense, net of capitalized…
  14. Q4 and FY 2018 Results Presentation – Oneok Inc. – slide 14
    NON-G A A P RECONCILIATIONS ONEOK has disclosed in this presentation adjusted EBITDA, distributable cash flow (DCF) and dividend coverage ratio, which are non-GAAP financial metrics, used to measure ONEOKs financial performance, and are…
  15. Q4 and FY 2018 Results Presentation – Oneok Inc. – slide 15
    Elk Creek Pipeline Kansas

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