INPEX CORPORATION TEIKOKU OIL CO., LTD Joint Presentation Business Integration November 7, 2005
Agenda 1. Overview of Business Integration 2. Benefits of Business Integration 3. Growth Strategy of the New Company 3
1. Overview of Business Integration 4
Objectives of Business Integration State-owned oil companies devoted Large oil development companies to acquisition of natural resources repeating M&A activity Intensifying competition in securing oil/natural gas resources…
Outline of the New Company (Holding Company) Kokusai Sekiyu Kaihatsu Teiseki Holdings K.K. Company Name English Name: INPEX Holdings Inc. Location 4-1-18 Ebisu Shibuya-ku, Tokyo Date of Incorporation April 3, 2006 (Plan) Establish…
Business Integration Process Current Phase 1 (2006/4) Phase 2 (2008/6) Holding Operating Share Transfer INPEX Teikoku Company Holding Company Merger INPEX Teikoku INPEX Teikoku Overseas Overseas Domestic Operations…
Schedule 11/5/2005 Signing of Stock Transfer Agreement 1/31/2006 (Plan) Extraordinary Shareholders Meeting 3/28/2006 (Plan) Delisting of both companies 4/3/2006 (Plan) Establishment and listing of Holding Company June 2008…
Members of the Board of Directors Rep. Director & Chairman Kunihiko Matsuo (Chairman of INPEX) Rep. Director Akira Isono (Chairman of Teikoku) Rep. Director Masatoshi Sugioka (President of Teikoku) Rep. Director & President Naoki…
Functions of the New Company (Holding Company) Shareholders meeting Board of Auditors Directors Chairman, President Audit Division Management Committee General Corporate Strategy Accounting Technology / HSE Administration…
Pro Forma Financials (Simple Sum) (JPY in 100 millions) FY 2004 INPEX Teikoku Simple Sum Revenue 4,786 840 5,626 Operating Profit 2,687 135 2,822 Ordinary Profit 2,586 165 2,751 Net Income 765 93 858 Total Assets 7,792 2,405…
2. Benefits of Business Integration 12
Benefits of Business Integration To establish well-balanced portfolio through combining Well-balanced Asset promising, complementary overseas and domestic Portfolio assets To stabilize operational foundation through combining…
Well-balanced Asset Portfolio Presence as a Global Well-balanced Asset Portfolio Independent Company Enhanced Capability as an Operator Promising, highly complementary assets As there is no overlap between INPEX (operating…
Well-balanced Asset Portfolio Well-balanced Asset Portfolio Presence as a Global Independent Company Existing Interests in Major Assets Enhanced Capability as an Operator North Caspian Sea Block (Kashagan Oil Fields, etc.)…
Well-balanced Asset Portfolio Well-balanced Asset Portfolio Presence as a Global Independent Company Long-term Stability Brought by Domestic Business Enhanced Capability as an Operator Minami-Nagaoka Gas Field in close proximity…
Well-balanced Asset Portfolio Well-balanced Asset Portfolio Presence as a Global Independent Company Production Volume by Region Enhanced Capability as an Operator INPEX (FY 2004) New Company Caspian Sea Coast / Other Total:…
Well-balanced Asset Portfolio Well-balanced Asset Portfolio Presence as a Global Independent Company Production Volume by Products Enhanced Capability as an Operator INPEX (FY 2004) New Company Total: 330,000 BOE/D Gas 42%…
Strengthened Presence as a Global Well-balanced Asset Portfolio Presence as a Global Independent Company Independent Company Enhanced Capability as an Operator Stabilization of operational foundation Stabilization of…
Well-balanced Asset Strengthened Presence as a Global Independent Company Portfolio Presence as a Global Independent Company Expansion of Proved Reserves* Enhanced Capability as an Operator FY2004 5,000 Crude Oil / Condensate…
Well-balanced Asset Strengthened Presence as a Global Independent Company Portfolio Presence as a Global Independent Company Increase in Proved reserves and Probable reserves* Enhanced Capability as an Operator 4,500 Proved…
Well-balanced Asset Strengthened Presence as a Global Independent Company Portfolio Presence as a Global Independent Company Increase in Production Volume* Enhanced Capability as an Operator FY2004 1,200 Crude Oil / Condensate…
Well-balanced Asset Portfolio Presence as a Global Enhanced Capability as an Operator Independent Company Enhanced Capability as an Operator Consolidation of advanced, practical technical capabilities with ample experience in…
Enhanced Capability as an Operator Well-balanced Asset Portfolio Presence as a Global Independent Company Expansion of Human Resources as a Genuine Upstream Company Enhanced Capability as an Operator INPEX Teikoku Engineers…
Other Expected Effects of Integration Speedy and precise realization of integration effects due to the combination of healthy financial positions, efficiency-oriented management policies, and corporate cultures of simplicity and…
3. Growth Strategy of the New Company 26
Growth Strategy of the New Company Production Commencement Schedule for New Oil and Gas Projects Australia /Timor Sea JPDA Indonesia Ichthys Australia 2015 Ravensworth Abadi Indonesia Australia 2014 Vincent Australia 2013…
Pro forma Volume Projections * Caspian Coast / Other Middle East 600 Japan GR: 8.7% 2009 CA 563 Asia / Oceania Y 550 04 - F FY 20 500 450 32% 400 372 ( 1,000 BOED) 350 10% 300 28% 34% 250 200 5% 5% 150 35% 100…
Exploration / Development Investment Plan By Activity By Region (JPY in 100 millions) (JPY in 100 millions) Post-Integration Post-Integration 2,500 2,464 2,500 2,464 2,033 2,033 1,920 775 2,000 2,000 1,920 627 1,428 1,428…
Acquisition of New Resources and Enhancement of Enterprise Value Integration of INPEX and Teikoku Enhanced Capability as Production Asset Portfolio Balance Strengthened Presence equivalent to top an Operator independents Overseas…
Contact Information INPEX Corporate Strategy and Planning Unit / Public Affairs Unit Director, General Manager Corporate Strategy and Planning / Public Affairs Unit Seiya Ito TEL: +81-3-5448-1238 (Corporate Strategy and Planning) / 1205…
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