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November 2008 Financial Results – Inpex Corp

Inpex Corp · Nov 13, 2008 · 27 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. November 2008 Financial Results – Inpex Corp – slide 1
    Financial Results for the six months ended September 30, 2008 November 13, 2008 1
  2. November 2008 Financial Results – Inpex Corp – slide 2
    Agenda 1. At the Start of new INPEX CORPORATION Update of Corporate Activities Kunihiko Matsuo Representative Director, Chairman 2. Financial Results for the year ended September 30, 2008 Mutsuhisa Fujii Director,…
  3. November 2008 Financial Results – Inpex Corp – slide 3
    At the Start of new INPEX CORPORATION Update of Corporate Activities Kunihiko Matsuo Representative Director, Chairman 4
  4. November 2008 Financial Results – Inpex Corp – slide 4
    Longterm Growth Target & Strategies for Corporate Growth Longterm Growth Target INPEX CORPORATION Group expands oil and natural gas exploration and development activities in a sustainable manner and aims to become a global energy…
  5. November 2008 Financial Results – Inpex Corp – slide 5
    Ichthys LNG Project Selected the designated industrial site on Blaydin Point on Middle Arm Peninsula in Darwin as the location for LNG facility FEED will follow shortly FID target: The end of 2009 or early 2010 Production start…
  6. November 2008 Financial Results – Inpex Corp – slide 6
    Ichthys LNG Project (Cont) Proposed site Wickham Point (Darwin LNG) Middle Arm Peninsula 7
  7. November 2008 Financial Results – Inpex Corp – slide 7
    Ichthys LNG Project (Cont) * As of May 2008 (Source: Referral of Proposed Action Browse Basin and Blaydin Point, Darwin) 8
  8. November 2008 Financial Results – Inpex Corp – slide 8
    Abadi LNG Project Drilled 4 additional appraisal wells since May 2007 to confirm the reserves Conducted PreFEED for Floating LNG Submitted the plan of development (POD) in May 2008 and started discussions with Indonesian…
  9. November 2008 Financial Results – Inpex Corp – slide 9
    LNG receiving terminal at Naoetsu, Japan FID to construct a LNG receiving terminal in the port of Landfill Situation (July 2008) Naoetsu in Joetsu city, Niigata Prefecture in August 2008 Reinforce our setup for a stable supply of…
  10. November 2008 Financial Results – Inpex Corp – slide 10
    Leading to Gas Supply Chain Exploration Exploration Shipping Shipping Liquefaction Liquefaction Distribution Distribution &&Production Production &&vaporization vaporization (DST in Masela Block) (Bontang LNG Plant)…
  11. November 2008 Financial Results – Inpex Corp – slide 11
    ACG Oil Fields / Kashagan Oil Field ACG Oil Fields (Azerbaijan) The fire of BTC pipeline occurred on August 6, located close to a valve station in Turkey. BTC shutdown resulting from the fire limited the production volume from ACG…
  12. November 2008 Financial Results – Inpex Corp – slide 12
    Production Startup Projects in 2009 Van Gogh Oil Field (Van Gogh Defined Area) (Australia) Production start: April 2009 Oil production volume: Approximately 60,000 bbl/d (peak rate) Participating Interest: 47.499% Drilling Rig (Van…
  13. November 2008 Financial Results – Inpex Corp – slide 13
    Production Startup Schedule Australia / Timor Sea JPDA Indonesia Ichthys Abadi 2016 Ravensworth Australia Australia 2015 Van Gogh Australia 2014 North Belut Kuda Tasi / Jahal / Kitan 2013 Eurasia JPDA Tangguh 2012…
  14. November 2008 Financial Results – Inpex Corp – slide 14
    New Exploration Project / Exploration Performance Block BMC31 (Brazil) Acquired a new exploration block in November 2008: Block BMC31 in Campos Basin, Offshore Brazil Participating Interest: 20% (Operator: Petrobras) Deepwater…
  15. November 2008 Financial Results – Inpex Corp – slide 15
    Financial Results for the six months ended September 30, 2008 Mutsuhisa Fujii Director, Executive Vice President Head of Finance & Accounting Division 16
  16. November 2008 Financial Results – Inpex Corp – slide 16
    Subsidiaries and Affiliates 58 consolidated subsidiaries Major subsidiaries Country/region Ownership Stage Accounting term INPEX CORPORATION Indonesia 100% Production March Teikoku Oil Japan 100% Production March Japan Oil…
  17. November 2008 Financial Results – Inpex Corp – slide 17
    Highlights of the Consolidated Financial Results for the six months ended September 30, 2008 Apr.Sep. 07 Apr.Sep. 08 Change %Change Net Sales (Billions of yen) 554.1 741.5 187.4 33.8% Crude Oil Sales 357.7 478.0 120.3 33.6%…
  18. November 2008 Financial Results – Inpex Corp – slide 18
    Crude Oil Sales Apr.Sep. 07 Apr.Sep. 08 Change %Change Net Sales (Billions of yen) 357.7 478.0 120.3 33.6% Sales volume (Mbbl) 42,971 38,301 (4,670) (10.9%) Average unit price of overseas production (/bbl) 69.47 116.73 47.26…
  19. November 2008 Financial Results – Inpex Corp – slide 19
    Natural Gas Sales (Excluding LPG) Apr.Sep. 07 Apr.Sep. 08 Change %Change Net Sales (Billions of yen) 178.1 239.0 60.8 34.2% Sales volume (MMcf) 202,083 197,349 (4,733) (2.3%) Average unit price of overseas production (/Mcf)…
  20. November 2008 Financial Results – Inpex Corp – slide 20
    LPG Sales Apr.Sep. 07 Apr.Sep. 08 Change %Change Net Sales (Billions of yen) 5.4 9.8 4.4 83.0% Sales volume (Mbbl) 755 1,083 329 43.6% Average unit price of overseas production (/bbl) 53.47 81.30 27.83 52.0% Average unit price…
  21. November 2008 Financial Results – Inpex Corp – slide 21
    Analysis of Net Sales Increase (Billions of Yen) 314.3 800 1.7 (88.0) 600 (40.7) 400 741.5 554.1 200 0 Net Sales Sales Volume Increase in Exchange rate Net Sales Others Apr.Sep. 07 Decrease Unit Price (Yen…
  22. November 2008 Financial Results – Inpex Corp – slide 22
    Statements of Income Crude oil sales : 478.0 (Billions of Yen) Apr.Sep. 07 Apr.Sep. 08 Change %Change (Change) +120.3 Net Sales 554.1 741.5 187.4 33.8% Natural Gas sales* : 248.8 (Change) +65.3 Cost of Sales 189.6 188.4 (1.2)…
  23. November 2008 Financial Results – Inpex Corp – slide 23
    Other Income/Expenses (Billions of Yen) Apr.Sep. 07 Apr.Sep. 08 Change %Change Other income 22.0 10.7 (11.3) (51.4%) Interest income 5.9 3.4 (2.4) (41.2%) Dividend income 1.2 3.7 2.5 198.1% Net gain by re determination of reserves…
  24. November 2008 Financial Results – Inpex Corp – slide 24
    Analysis of Net Profit Increase Main Factor Decrease of the amount of cost recovery in ACG Main Factor Increase of royalty resulted from sales increase Increase in exploration expenditure in INPEX (JODCO) Browse, Abadi and INPEX…
  25. November 2008 Financial Results – Inpex Corp – slide 25
    Balance Sheets (Billions of yen) Mar. 31 08 Sep. 30 08 Change %Change Current assets 565.1 511.2 (53.9) (9.5%) Tangible fixed assets 254.4 277.8 23.3 9.2% Intangible assets 265.4 259.3 (6.1) (2.3%) Recoverable accounts under…
  26. November 2008 Financial Results – Inpex Corp – slide 26
    Statements of Cash Flows (Billions of Yen) Apr.Sep. 07 Apr.Sep. 08 Change %Change Income before income taxes and minority interests 321.6 479.4 157.7 49.1% Depreciation and amortization 17.7 19.6 1.9 10.9% Recovery of recoverable…
  27. November 2008 Financial Results – Inpex Corp – slide 27
    Revision of Financial Forecasts for the year ending March 31, 2009 Assumptions (Aug. 8 , 2008) 1Q(actual) 2Q 2nd half Full year Crude oil price (Brent)(/bbl) 123.0 115.0 95.0 107.0 Exchange rate (yen/US) 104.6 105.0 100.0 102.4…

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