Financial Results for the six months ended September 30, 2010 INPEX CORPORATION November 8, 2010
Agenda 1. Corporate Overview Representative Director, President Toshiaki Kitamura 2. Financial Results for the six months ended September 30, 2010 Director, Managing Executive Officer Head of Finance & Accounting Division…
Corporate Overview Toshiaki Kitamura Representative Director, President
Corporate Highlights of Apr.Sep. 2010 Net profit rose by 6.3% even in the business climate of the stronger yen. Higher oil prices contributing. Progress of the preparation for the development of Ichthys and Abadi LNG projects…
Ichthys Project Onshore (natural gas liquefaction plant) FEED works Condensate 85,000 bpd (peak) Major engineering work completed CPF Preparation work for procurement phase in progress FPSO Offshore (Offshore facilities & pipeline)…
Abadi Project The Plan Of Development (POD) was approved in principle by the Indonesian Government Development Concept : Floating LNG A thirdparty evaluation on the POD was conducted by the Indonesian Government Project…
Progress for the Gas Supply Chain Current status of the Naoetsu LNG Receiving Extension of pipeline network Terminal construction Extension of Shin Tokyo Line toward Construction work of LNG storage tanks is ongoing (the Tokyo…
Investment Plan and Funding Sources Approx. 4 trillion yen For Ichthys, Abadi, Kashagan, other E&P projects etc. from Fiscal 2010 to Fiscal 2016 Equity CashFlow Bank Loans Proceeds from equity Operating cash flow Sizeable…
Financial Results for the six months ended September 30, 2010 Masahiro Murayama Director, Managing Executive Officer Head of Finance & Accounting Division
Highlights of the Consolidated Financial Results for the six months ended September 30, 2010 Apr.Sep. 09 AprSep. 10 Change %Change Net Sales (Billions of yen) 392.6 432.9 40.3 10.3% Crude Oil Sales 232.5 249.2 16.7 7.2% Natural…
Crude Oil Sales Apr.Sep. 09 Apr.Sep. 10 Change %Change Net Sales (Billions of yen) 232.5 249.2 16.7 7.2% Sales volume (Mbbl) 38,891 36,496 (2,395) (6.2%) Average unit price of overseas 61.99 75.70 13.71 22.1% production (/bbl)…
Natural Gas Sales (excluding LPG) Apr.Sep. 09 Apr.Sep. 10 Change %Change Net Sales (Billions of yen) 143.1 160.3 17.2 12.0% Sales volume (MMcf) 205,766 199,442 (6,324) (3.1%) Average unit price of overseas 6.91 8.39 1.48 21.4%…
Analysis of Net Sales Increase (Billions of Yen) 500 () 80.5 450 1.0 400 (26.1) 350 (15.1) 300 250 200 432.9 392.6 150 100 50 0 Net Sales Decrease in Increase in Exchange rate Net Sales Others…
Statements of Income Crude Oil sales : 249.2 (Billions of Yen) Apr.Sep. 09 Apr.Sep. 10 Change %Change (Change) +16.7 Net Sales 392.6 432.9 40.3 10.3% Natural Gas sales* : 170.6 (Change) +22.5 Cost of Sales 148.5 162.0 13.4 9.1%…
Other Income/Expenses Apr. Apr. (Billions of Yen) Change %Change Sep. 09 Sep. 10 Other income 7.2 10.4 3.2 45.1% Interest income 2.3 2.0 (0.3) (13.4%) Dividend income 2.2 2.2 0.0 0.9% Equity in earnings of affiliates 0.3 0.3…
Analysis of Net Profit Increase Main Factor () (Billions of Yen) Increase in net purchase of natural Main Factor 120 80.5 gas in Japan Provision for investments in exploration (1.0) Loss on adjustment for changes of accounting 110…
Balance Sheets (Billions of yen) Mar.10 Sep. 10 Change %Change Current assets 492.8 979.5 486.6 98.7% Due to purchase of Tangible fixed assets 358.0 369.7 11.6 3.3% securities Intangible assets 239.2 256.7 17.5 7.3% Recoverable…
Statements of Cash Flows (Billions of Yen) Apr.Sep. 09 Apr.Sep. 10 Change %Change Income before income taxes and minority interests 193.3 220.1 26.8 13.9% Depreciation and amortization 19.9 28.0 8.1 41.0% Recovery of recoverable…
Differences between Consolidated Financial Forecasts and Actual Results for the six months ended September 30, 2010 Assumptions (May 12, 2010) 1st half (Previous Forecasts) Crude oil price (Brent) (US/bbl) 77.5 Exchange rate…
Revisions of Financial Forecasts for the year ending March 31, 2011 Assumptions (May 12, 2010) 1st half 2nd half Full year Crude oil price (Brent) (US/bbl) 77.5 77.5 77.5 Exchange rate (yen/US) 90.0 90.0 90.0 (Nov. 4, 2010) 1st…