a Capital injection and strategic alliance with and A new Premier with stronger finances and competitive advantage in Asia A primary investment vehicle for PETRONAS and Amerada Hess in Asia
PRESENTATION TEAM Sir David John Charles Jamieson Chairman Chief Executive Officer Tan Sri Dato Mohd Hassan Marican Sam Laidlaw President & Chief President & Chief Executive Officer Operating Officer a
TRANSACTION SUMMARY n Premier to become a primary investment vehicle for PETRONAS and Amerada Hess in Asia n PETRONAS and Amerada Hess to become 25% shareholders through injection of 136m of cash via a combination of new voting and…
RATIONALE FOR THE TRANSACTION n Strengthens Premiers balance sheet in optimal manner l enables retention of key assets l enables financial challenges to be overcome n Introduces PETRONAS as a key strategic partner l the partner of…
PREMIUM PAID FOR STRATEGIC STAKE 6 month share price 28 n 30% premium to 26 yesterdays closing Subscription price share price 24 n 27% premium to 22 share price on day before Interims and 20 announcement of discussions 18 16…
CORPORATE GOVERNANCE AND MANAGEMENT n Majority of Directors will be independent from major shareholders n A Consultative Committee will maximise opportunities for synergies (four Premier, two PETRONAS, two Amerada Hess) n An…
BACKGROUND n Declared Asian gas focus n Proven track record of finding and developing world class gas projects in Asia at low cost n Reserve growth of 500% over 5 years n Cashflows are low compared to capex requirements n…
THE FIT OF PREMIER AND PETRONAS Existing trust, dialogue and relationships n Builds on existing relationship n Secures support of leading NOC in region of focus l strong relationships and influence l infrastructure and downstream…
THE PETRONAS PERSPECTIVE Existing trust, dialogue and relationships n Establish new vehicle to develop Asian gas business n Allies PETRONAS with Premiers successful Asian growth l existing projects l proven track record of…
THE AMERADA HESS PERSPECTIVE Existing relationship cemented n Strong reserves growth to-date n Alliance with PETRONAS ensures momentum of growth continues n Wider influence in the ASEAN region n Operational overlap An…
THE ALLIANCE TODAY n New funding n Platform for growth in Asia n Consultative group established to capitalise on synergies THE ALLIANCE VISION Creation of a new high growth investment vehicle for Asian Gas n Exploitation of major…
ALLIANCE ASSETS IN ASIA n Spread of assets provides potential to create the dominant position in Asia Premier assets Amerada assets Petronas assets a
THAILAND OVERLAPS Myanmar n Thai gas market is in YANGON early stages of Thailand privatisation n Indigenous natural gas M10 Wang Noi M12 M13 will be used with Yetagun BANGKOK Ratchaburi imported gas from Rayong Malaysia and…
PAKISTAN INFLUENCE n Premier is in most of the existing and future gas Zarghun developments Discovery Islamabad Pakistan n PETRONAS are Quetta Bolan already Lahore established in Dadhar Pakistan Zamzama Discovery Qadirpur…
INDONESIAN SYNERGY THAILAND South China Sea Lawit Jerneh Semangkok Tapis Guntong n First gas export to Penang Sotong Anoa Duyong Kakap Singapore from PENINSULAR PREMIER unkline Kerteh St ra MALAYSIA a Gas…
SUMMARY OF THE DEAL A new and stronger Premier with competitive advantage in Asia A primary investment vehicle for PETRONAS and Amerada Hess in Asia n Clear synergies with PETRONAS and Amerada n Greater regional influence n…
ALLIANCE VISION IN ASIA n Major Asian gas player working in deregulated markets n Inter country infrastructure operator n Identifier and marketer of new gas reserves Premier assets Amerada assets Petronas assets a
ALLIANCE VISION IN ASIA Premier assets Amerada assets Petronas assets a
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