INPEX CORPORATION Financial Results for the year ended March 31, 2012 May 11, 2012 0
Agenda Corporate Overview Medium- to long-Term vision of INPEX Outlook Financial Results for the year ended March 31, 2012 Consolidated Financial Forecasts for the year ending March 31, 2013 1
Corporate Overview Toshiaki Kitamura Representative Director, President & CEO
FY 2012/03 Corporate Highlights 1/2 Proved Reserves Increased by 86% YoY to 2.43 billion BOE Net Production 426 thousand BOED LTIF 0.62, TRIR 1.76 HSE KPI* Achieving our annual target Financial Results Net sales 1,186.7 billion…
FY 2012/03 Corporate Highlights 2/2 Acquired Shale Gas Project (Canada), participated in Prelude FLNG project (Australia) Coniston (Offshore Australia) shifted into development phase, production started at Kitan (Timor Sea),…
Ichthys LNG Project (2/2) 2012 2013 2014 2015 2016 Engineering, Procurement, Construction, Commissioning for Facilities FID Production GEP Pipe Supply, Pipelay start-up Plant Site Preparation, Dredging in Darwin Harbor Drilling…
Abadi LNG Project Transferred a 30% participating interest to a subsidiary of Shell Shell provides technical services and assigns secondees Plan to transfer of a 10% participating interest to an Indonesian company designated by…
Topics Canada - Shale Gas Project Agreed to acquire a 40% participating interest from Nexen in November 2011 With full development, a full-scale production of the shale gas is expected to be up to 1,250 million standard cubic feet…
Net Production* (FY Mar. 2012) Main increase factor 500 Increase in production in Middle East / 449 Africa region mainly in ADMA Block, 5% 426 Abu Dhabi (+19MBOED) 4% 400 Main decrease factor 30% Decrease in net production in…
Proved Reserves* by Resource Type and Reserves Indices Finding & Development Cost per BOE (3-year average 2,500 2,432 80 78.6 Mainly due to the upgrade of 70 Ichthys probable reserves to 60 55.4 2,000 proved reserves 50…
Medium- to Long-Term Vision of INPEX Toshiaki Kitamura Representative Director, President & CEO
Background of Our Vision October 2008 : Business integration of INPEX CORPORATION and Teikoku Oil Co., Ltd. July 2009 : Announced the Mid-to Long-Term Business Challenges January 2012 : Final Investment Decision (FID) on the Ichthys…
Three Growth Targets and Key Initiatives for the Next Five Years 1. Continuous Enhancement of Our E&P Activities Achieve a net production volume of 1 million boed by the early 2020s Ensure a successful start-up of Ichthys and Abadi…
Three Management Policies and Our Vision 1. Securing/Developing Human Resources and Building an Efficient Organizational Structure Establish a department for new project development Utilize overseas offices proactively Develop global…
Outlook Toshiaki Kitamura Representative Director, President & CEO
Investment Plan By Activity By Region (Billions of Yen) (Billions of Yen) 1,000 1,000 914.0 914.0 900 900 31.0 74.0 787.0 787.0 800 800 37.0 734.0 734.0 33.0 700 63.0 70.0 700 21.0 48.0 600 600 55.0 500 809.0 500 697.0…
Net Production* Volume Projection 1,000 Target for the 2020s 1,000MBOED 900 800 New Projects 700 600 (MBOED) 503 500 461 479 478 Through the Ichthys 426 419 start-up etc, the total 4% production from7%existing 400…
Financial Results for the year ended March 31, 2012 Masahiro Murayama Director, Managing Executive Officer Head of Finance & Accounting Division
Highlights of the Consolidated Financial Results for the year ended March 31, 2012 Mar. 11 Mar. 12 Change %Change Net Sales (Billions of yen) 943.0 1,186.7 243.6 25.8% Crude Oil Sales 557.9 726.2 168.3 30.2% Natural Gas Sales…
Crude Oil Sales Mar. 11 Mar. 12 Change %Change Net Sales (Billions of yen) 557.9 726.2 168.3 30.2% Sales volume (thousand bbl) 76,651 80,738 4,086 5.3% Average unit price of overseas 84.34 112.97 28.63 33.9% production (/bbl)…
Natural Gas Sales (excluding LPG) Mar. 11 Mar. 12 Change %Change Net Sales (Billions of yen) 334.6 404.7 70.0 20.9% Sales volume (MMcf) 401,228 357,601 (43,627) (10.9%) Average unit price of overseas 9.10 14.12 5.02 55.2%…
Statements of Income Decrease in Sales Volume : (4.4) (Billions of Yen) Mar. 11 Mar. 12 Change %Change Increase in Unit Price : +334.0 Exchange rate Net Sales 943.0 1,186.7 243.6 25.8% (Appreciation of Yen) : (88.4) Others :…
Analysis of Net Profit Increase (Billions of Yen) Main Factors Main Factors Increase in royalty due to Equity in earnings of affiliates +1.7 increased sales in ADMA block Loss on adjustment for changes of accounting 500 standard…
Balance Sheets (Billions of yen) Mar. 11 Mar. 12 Change %Change Current assets 492.9 908.7 415.7 84.3% Tangible fixed assets 379.8 383.6 3.8 1.0% Intangible assets 249.1 233.3 (15.7) (6.3%) Recoverable accounts under production…
Statements of Cash Flows (Billions of Yen) Mar. 11 Mar. 12 Change %Change Income before income taxes and minority interests 508.5 767.0 258.4 50.8% Depreciation and amortization 54.2 48.0 (6.2) (11.5%) Recovery of recoverable…
Financial Indices Net Debt/Total Capital Employed (Net)* Equity Ratio** Mar.'11 Mar.'12 74.5% 71.1% (48.9%) (60.7%) Mar.'11 Mar.'12 D/E Ratio*** * Net Debt/Total Capital Employed (Net) = (Interest-bearing debt - Cash and…
Consolidated Financial Forecasts for the year ending March 31, 2013 Masahiro Murayama Director, Managing Executive Officer Head of Finance & Accounting Division
Consolidated Financial Forecasts for the year ending March 31, 2013 1st Half 2nd Half Full year Brent oil price (/bbl) 100.0 100.0 100.0 Average exchange rate (/) 80.0 80.0 80.0 Mar. 12 Mar. 13 Full Year (Actual) (Forecasts )…
Sales and Investment plan for the year ending March 31, 2013 Mar. 12 Mar. 13 (Actual) (Forecasts ) Change % Change Crude oil (thousand bbl)1 80,738 85,914 5,176 6.4% Sales Volume Natural gas (MMcf)2 357,601 323,535 (34,066)…
Net Income Sensitivities Estimated Impact of crude oil price and foreign exchange fluctuation on consolidated net income for the year ending March 31, 2013 (Billions of yen) Brent Crude Oil Price; 1/bbl increase (decrease) +1.8…
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