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Q3 2015 Financial Results – Kazmunaigas Exploration Production

Kazmunaigas Exploration Production · Nov 5, 2015 · 16 slides

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Slides

  1. Q3 2015 Financial Results – Kazmunaigas Exploration Production – slide 1
    JSC KazMunaiGas Exploration Production 9M2015 Financial results November 2015
  2. Q3 2015 Financial Results – Kazmunaigas Exploration Production – slide 2
    9M2015 financial highlights Brent and domestic prices down YoY in 9M15 Net cash** US3,470m as at 30/09/2015 /bbl 9M15 9M14 % YoY change Brent, /bbl 55.3 106.6 (48%) 3,987 Average domestic 3,470 23.8 48.0 (50%) price, th. KZT/…
  3. Q3 2015 Financial Results – Kazmunaigas Exploration Production – slide 3
    9M2015 operating highlights 9M2015 production in line with the plan kbopd 251 251 250 250 251 249 34 34 32 30 31 31 PKI (33%) 20 20 20 19 20 19 30 33 32 32 31 32 CCEL (50%) 58 57 56 57 57 56 KGM (50%) EMG 109 107 110 112 111 112…
  4. Q3 2015 Financial Results – Kazmunaigas Exploration Production – slide 4
    9M2015 operating highlights 9M2015 Sales mix th. tonnes CPC 1,285 21% ANPZ ANPZ from 1,714 OMG&EMG UAS 6,117* 28% at T24 th./t 2,018 (16.9 per bbl) 33% Russia 916 PNHZ 15% 140 2% Sales to Russia PNHZ from at 35.5 per…
  5. Q3 2015 Financial Results – Kazmunaigas Exploration Production – slide 5
    9M2015 Key Figures 9M14 9M15 YoY, % 2Q15 3Q15 QoQ, % Brent /bbl 107 55 -48% 62 50 18% Core production kbopd 165 168 2% 169 169 0% JVs production kbopd 84 83 -3% 81 82 1% Core export % 73% 54% -19pp 43% 48% 5pp JVs export % 48% 42%…
  6. Q3 2015 Financial Results – Kazmunaigas Exploration Production – slide 6
    9M2015 Revenue Sales structure by routes, th. tonnes 5,998 6,117 2,140 1,955 Revenue declined by 49% mainly due to: 26% Decline in Brent price by 50% YoY. 31% 31% 34% 1% Decrease in average domestic price by 50% YoY to 27% 15% 26%…
  7. Q3 2015 Financial Results – Kazmunaigas Exploration Production – slide 7
    Shipments to Russia KMG EP supplied 916 th. tons of crude oil to Russia in Netback* price in 9M2015 /bbl March-August 2015. Currently it is expected that there will be no further shipments to Russia in 4Q15 and onwards. Average Brent…
  8. Q3 2015 Financial Results – Kazmunaigas Exploration Production – slide 8
    Lifting costs* and taxes other than on income Lifting costs*, /bbl Lower lifting costs in US mainly due to KZT devaluation 15.5 14.9 15.1 14.0 In 9M15 employee benefits in KZT up YoY due to: 1.3 1.3 1.5 1.3 1.1 1.0 2.0 1.1…
  9. Q3 2015 Financial Results – Kazmunaigas Exploration Production – slide 9
    Share of JVs loss in 9M15 at 3.5bn Tenge 9M15 KGM PKI UGL Total Net income/(loss), 100% USm 84 (102) (0) na In 9M15 KMG EP recognized loss of 3.5bn Tenge KMG EP share in net (US18m) as a share of JV results compared KZT bn 8.2 (6.6)…
  10. Q3 2015 Financial Results – Kazmunaigas Exploration Production – slide 10
    JVs income in 9M15 down mainly due to lower Brent price KGM key figures (100%) 9M2014 9M2015 YoY, % Revenue, m 1,125 516 -54% In 9M15 export volumes down by 23% YoY. Net income, m 372 84 -78% Both export and domestic prices declined…
  11. Q3 2015 Financial Results – Kazmunaigas Exploration Production – slide 11
    Financial summary (in KZT bn) KZT bn unless stated otherwise 1Q 2014 2Q 2014 3Q 2014 4Q 2014 2014 1Q 2015 2Q 2015 3Q 2015 9M 2015 Production at Core assets (th. tonnes) 1,985 2,033 2,084 2,049 8,151 2,021 2,086 2,112 6,219 Revenue 221…
  12. Q3 2015 Financial Results – Kazmunaigas Exploration Production – slide 12
    Financial summary (in USD mn) USm unless otherwise indicated 1Q 2014 2Q 2014 3Q 2014 4Q 2014 2014 1Q 2015 2Q 2015 3Q 2015 9M 2015 Production at Core assets (kbopd) 162 164 167 164 164 166 169 169 168 Revenue 1,301 1,335 1,235 851 4,722…
  13. Q3 2015 Financial Results – Kazmunaigas Exploration Production – slide 13
    Summary of JVs financial results USmn 1Q14 2Q14 3Q14 4Q14 2014 1Q15 2Q15 3Q15 9M15 Kazgermunai, 100% Revenue 395 387 344 274 1,400 189 186 141 516 Operating expenses (198) (164) (159) (115) (636) (121) (117) (80) (318) Income taxes (110)…
  14. Q3 2015 Financial Results – Kazmunaigas Exploration Production – slide 14
    Cash and financial assets US3.5bn as at 30/09/2015 Cash and financial assets by banks as at 31/12/2014 Net Cash* of US3,470mn as at 30/09/2015 3,987 76 47% 377 83 147 3,470 53% Local banks International banks Net Cash, CFO…
  15. Q3 2015 Financial Results – Kazmunaigas Exploration Production – slide 15
    Lifting costs*, OMG and EMG, /bbl 16.1 15.5 15.1 17.8 16.9 15.8 1.4 15.9 0.5 15.3 14.9 15.0 15.1 14.7 1.4 14.4 0.7 1.0 0.9 1.0 3.7 0.7 14.0 0.8 0.6 4.9 2.6 2.4 3.3 2.0 4.0 3.1 3.4 3.9 4.6 1.5 1.5 1.5 1.2 1.9 1.4 1.3 1.5…
  16. Q3 2015 Financial Results – Kazmunaigas Exploration Production – slide 16
    Reference information Share information, 30/09/2015 Contacts Total Treasury Corporate website: Number of ordinary shares 70,220,935 4,123,865 www.kmgep.kz Number of preferred shares 4,136,107 2,073,147 GDRs per one ordinary share 6…

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