PERMIAN BASIN ASSOCIATION

Omar Garcia | Chief External Affairs Officer

September 19, 2019 The Energy Port . Independent political district of the State of , governed by of the Americas seven commissioners . Large industrial energy hub & gateway to global markets . A landowner, a land developer, and a landlord . Economic development agency specializing in P3’s Port of Corpus Christi Commission

Wayne Squires, Vice-Chair Charles W. Zahn, Jr., Chair Richard R. Valls, Jr., Secretary City of Corpus Christi Appointee Nueces County Appointee City of Corpus Christi Appointee

Catherine Tobin Hilliard Wes Hoskins Richard Bowers David P. Engel Nueces County Appointee San Patricio County Appointee Nueces County Appointee City of Corpus Christi Appointee Port of Corpus Christi

World-Class Facilities . Straight 47’ deep channel, being deepened to 54’ . Quick access to the and the entire inland waterway system . Outstanding access to overland transportation, with on-site and direct connections to three Class I railroads: BNSF, KCS, and UP, and direct, vessel-to-rail discharge capabilities . 28,296 acres of submerged and emerged land . Facilities for Both Liquid and Dry Bulk . 15 Port owned liquid docks . 33 Customer owned liquid docks Economic Impact in 2018 Multimodal Connectivity POSITIONED FOR GROWTH $50 Billion Capital Investments ($10 Billion Foreign Direct Investments) Texas: Largest Crude Oil Producer in U.S. Port of Corpus Christi Crude Oil Cargo Outbound/Exports (2016-2019 YTD)

800,000 2019 Exports 76% Avg Out 669,292 BPD 700,000 2018 Exports 74% Avg Out 627,219 BPD

600,000 2017 Exports 59% Avg Out 517,505 BPD Harvey

500,000 71% 69% 2016 Exports 22% Hurricane 73% 71% 76% 78% 74% 11% 77% 54% 400,000 Avg Outbound 373,629 BPD 51% 48% 73% 80% 44% 64% 71% 80% 73% 79% 2% 78% 13% 20% 36% 49% 55% 62% 86% 64% 68% 23% 10% 48% 37%

Barrels Per Day (BPD)Barrels Per Day 8% 300,000 49% 76% 25% 28%

200,000

100,000

0 Jul'18 Jul'17 Jul'16 Jan'19 Jan'18 Jan'17 Jan'16 Jun'18 Jun'17 Jun'16 Oct'18 Oct'17 Oct'16 Apr'19 Apr'18 Apr'17 Apr'16 Feb'19 Sep'18 Feb'18 Sep'17 Feb'17 Sep'16 Feb'16 Dec'18 Dec'17 Dec'16 Aug'18 Aug'17 Aug'16 Nov'18 Nov'17 Nov'16 Mar'19 Mar'18 Mar'17 Mar'16 May'18 May'17 May'16

Domestic Exports Corpus Christi Export Infrastructure New Pipeline Capacity

Cactus I – 390,000 BPD Gray Oak Pipeline – 950,000 BPD Cactus II – 600,000 BPD

Total 2.8 million BPD Incremental Pipeline Capacity from Permian Basin

EPIC Pipeline – 925,000 BPD Permian Pipeline Utilization Forecast 2020

Source: Wood Mackenzie Red Oak project will offer significant optionality for Cushing and Permian barrels

Source: Wood Mackenzie Phillips 66 Texas Blue Water project brings direct load VLCC terminal project count to eight – with only three likely needed

Ship Channel Improvement Project Corpus Christi Ship Channel Port Corpus Christi Improvement Project Project Funding Main Channel & Barge Lane Elements  Current Projected Costs Total = $409,673,000 . Federal = $277,168,000 . PCCA = $132,505,000  Federal Funding Secured to Date = $95 million  $23 million FY 2018 USACE Work Plan  $59 million FY 2019 USACE Work Plan  $13 million FY 2019 President’s Budget  Federal Funding Proposed, Not Yet Ratified  $53 million FY 2020 President’s Budget Gulf of Mexico to Harbor Island  PCCA Funding Provided to USACE to Date = $82 million Contract 1  78.8 million cash  $3.2 million work in kind Harbor Island Redevelopment & Channel Deepening PORT CORPUS CHRISTI STAY CONNECTED

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