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Annual General Meeting – BG Group

BG Group · May 16, 2012 · 45 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. Annual General Meeting – BG Group – slide 1
    Annual General Meeting Reading 16 May 2012 Worker on LNG tank Elba Island, USA
  2. Annual General Meeting – BG Group – slide 2
    Sir Robert Wilson Chairman Atlantic LNG terminal jetty Trinidad & Tobago
  3. Annual General Meeting – BG Group – slide 3
    BG Group AGM 2012 Legal notice There are matters set out in this presentation that are forward-looking statements. Such statements are only predictions and actual events or results may differ materially. For a detailed analysis of the…
  4. Annual General Meeting – BG Group – slide 4
    BG Group AGM 2012 Agenda Overview of BG Group performance in 2011 Q1 2012 results Summary of key developments in 2011 Your questions Any other business Vote on resolutions
  5. Annual General Meeting – BG Group – slide 5
    BG Group AGM 2012 2011 performance Total operating profit of 8.2 billion, 19% improvement on 2010 Earnings per share 10% higher at 130.9 cents Full year dividend increased by 10% to 23.76 cents per share (14.82 pence) Ended year…
  6. Annual General Meeting – BG Group – slide 6
    BG Group AGM 2012 Q1 2012 Total operating profit was up 21% to 2.4 billion Earnings were up 55% to 1.3 billion Cash generated by operations was up 47% to 2.6 billion Production volumes increased by 5% Total operating profit for…
  7. Annual General Meeting – BG Group – slide 7
    BG Group AGM 2012 Market and industry context 2011 was a difficult year for global economy Political upheaval in North Africa & other localised physical disruptions Overall impact on BG Groups operations modest Significant…
  8. Annual General Meeting – BG Group – slide 8
    BG Group AGM 2012 2011 portfolio developments Good progress with major projects in Brazil & Australia Brazil: Development of offshore production facilities moved ahead significantly Australia: Despite cost pressures, project on…
  9. Annual General Meeting – BG Group – slide 9
    BG Group AGM 2012 Board update
  10. Annual General Meeting – BG Group – slide 10
    BG Group AGM 2012 Conclusion Methane Lydon Volney LNG vessel Coal seam gas well Drill rig Queensland, Australia Haynesville, USA x
  11. Annual General Meeting – BG Group – slide 11
    Production outlook Sir Frank Chapman Chief Executive plafform Bongkot South platform Thailand
  12. Annual General Meeting – BG Group – slide 12
    BG Group AGM 2012 Strategy Global Gas Major Connect gas to Secure competitively high-value markets priced resources Build & access markets Equity reserves Serve customers Contracted resources Skills to succeed across the gas…
  13. Annual General Meeting – BG Group – slide 13
    BG Group AGM 2012 Strong value creation Total operating profit* ( million) 12000 CAGR 28% 1997-2011 9000 6000 3000 0 1997 2000 2003 2006 2009 2011 Delivering value to shareholders *Continuing operations excluding…
  14. Annual General Meeting – BG Group – slide 14
    BG Group AGM 2012 Distinctive capabilities Market knowledge and commercial agility Exploration performance Fast track development of economic projects Karachaganak processing plant Kazakhstan
  15. Annual General Meeting – BG Group – slide 15
    Key performance indicators LNG loading arms 15
  16. Annual General Meeting – BG Group – slide 16
    BG Group AGM 2012 Total recordable case frequency (safety) (per million work hours) 2 1.92 1.74 1.58 1.59 1.5 1 0.94 0.5 0 2007 2008 2009 2010 2011
  17. Annual General Meeting – BG Group – slide 17
    BG Group AGM 2012 Total shareholder return & EPS Total shareholder return % Earnings per share (cents) 50 200 40 160 30 120 20 80 10 40 0 0 2007 2008 2009 2010 2011 2007 2008 2009 2010 2011 -10 Peer group (simple…
  18. Annual General Meeting – BG Group – slide 18
    BG Group AGM 2012 E&P & LNG volumes Net production volumes (mmboe) LNG managed volumes (mtpa) 250 15 200 10 150 5 100 0 2007 2008 2009 2010 2011 2007 2008 2009 2010 2011 For the year ended 31 December For the year…
  19. Annual General Meeting – BG Group – slide 19
    BG Group AGM 2012 Total reserves & resources (mmboe) Total reserves & resources/ production* 18000 17130 16180 14494 3784 73 years 3707 13126 3433 12000 3562 10046 57 years 6160 5757 3356 4931 3722 6000 3122 3939 31…
  20. Annual General Meeting – BG Group – slide 20
    Market knowledge Tokyo central business district 20
  21. Annual General Meeting – BG Group – slide 21
    BG Group AGM 2012 Strong gas demand growth World gas demand (bcma) 5000 ) CAGR 2010-2020 4000 China 11.2% Asia (excluding China) 3.3% 3000 Russia and Central Asia 0.8% Middle East & Africa 4.4% 2000 South America 2.9% 1000…
  22. Annual General Meeting – BG Group – slide 22
    BG Group AGM 2012 Global gas supply challenge (2010-2020) (bcma) 5000 4000 2.6% pa 900 3000 2400 9.5% pa 1500 2000 3125 1000 0 2010 demand Production decline Demand increase New supply required by 2020 Sources: BG…
  23. Annual General Meeting – BG Group – slide 23
    BG Group AGM 2012 Growing LNG demand in 2025 (mtpa) 100 2009 forecast 2011 forecast 75 50 25 0 Japan China India South Korea Source: BG Group interpretation of Wood Mackenzie 2009 and 2011 forecast
  24. Annual General Meeting – BG Group – slide 24
    BG Group AGM 2012 US LNG exports Large, low cost shale gas resource Sufficient to meet domestic supply Existing under-utilised GoM import terminals Cost lower than greenfield projects Marcellus Haynesville Via Panama…
  25. Annual General Meeting – BG Group – slide 25
    BG Group AGM 2012 BG Groups US LNG export business Sabine Pass supply Train 1: will deliver 3.5 mtpa, first LNG 2015 Trains 2-4: will deliver 2.0 mtpa, 2016-2018 Construction of liquefaction plant to start in 2012 Total Group LNG…
  26. Annual General Meeting – BG Group – slide 26
    Exploration performance Drill rig Deepsea Metro I drillship Santos En route Basin, Brazil to Tanzania
  27. Annual General Meeting – BG Group – slide 27
    BG Group AGM 2012 A global leader in exploration Value creation, bn Return on investment Reserves replacement ratio 0 10 20 30 40 115 0% 20% 40% 60% 80% 0% 500% 1000% Majors Majors Majors Sustained, top Source: Wood…
  28. Annual General Meeting – BG Group – slide 28
    BG Group AGM 2012 Resource additions (mmboe) 1 bn boe resource added in 2011 10000 Around 10 bn boe added over last 10 years Around 9 bn coming from drill bit Low organic finding cost 5000 1/boe of resource 0 2011 2002 to…
  29. Annual General Meeting – BG Group – slide 29
    BG Group AGM 2012 E&A programme Global 2012 E&A operations 2012 Highlights UK Investing 1.5 billion across 7 countries 2 wells 4 wells USA 6 - 8 wells Egypt Focus shifting to new frontier plays 1 - 2 wells Thailand 4 - 7…
  30. Annual General Meeting – BG Group – slide 30
    BG Group AGM 2012 Major new gas province: East Africa 31 000 sq km (155 UKCS blocks) Kenya Block L-10A Tanzania progress 4 Tertiary gas discoveries so far Block L-10B Mzia-1 well: 5th gas discovery, 1st Cretaceous Current…
  31. Annual General Meeting – BG Group – slide 31
    Fast track development of economic projects Main pipeline network for QCLNG project Queensland, Australia
  32. Annual General Meeting – BG Group – slide 32
    BG Group AGM 2012 Australia: four integrated projects Curtis Island Upstream QCLNG plant Initial 2000 wells Gladstone Gas & water treatment facilities 540 km of main pipeline network Connecting gas fields to Curtis Island Two…
  33. Annual General Meeting – BG Group – slide 33
    BG Group AGM 2012 Australia summary Making good progress on ground towards first LNG in 2014 Drilling being ramped up significantly to 11 rigs in 2012 Increased capex guidance to 20.4 billion (2011-2014) 20% appreciation in…
  34. Annual General Meeting – BG Group – slide 34
    Brazil FPSO Cidade de Angra dos Reis Santos Basin, Brazil
  35. Annual General Meeting – BG Group – slide 35
    BG Group AGM 2012 Brazil: world class resources Oil production, mmbod 3 UK Northern & Central North Sea 2 Santos Basin fields** 1 0 0 5 10 Years on-stream* *Year 0: UK - 1975 Santos Basin fields - 2010 Sources: DECC,…
  36. Annual General Meeting – BG Group – slide 36
    BG Group AGM 2012 Brazil summary Making rapid progress Average recovery per well Almost doubled since 2008 for Big 5 fields Increasing net production forecast for 2020 From 550 to over 600* kboed Optimising capital *BG Group…
  37. Annual General Meeting – BG Group – slide 37
    Production outlook Drill rig Haynesville USA
  38. Annual General Meeting – BG Group – slide 38
    BG Group AGM 2012 Production growth BG Group net production (000s boed) 1600 Risked exploration US L48 8% Australia 1200 Brazil Base 6% 800 400 0 2005 2010 2015 2020 Future production volumes excluding any potential…
  39. Annual General Meeting – BG Group – slide 39
    BG Group AGM 2012 Capital investment & growth Major investment phase, predominantly funded from own cash flows Maintaining robust financial structure Focus on operating costs Projects with highest capital efficiency Continue…
  40. Annual General Meeting – BG Group – slide 40
    BG Group AGM 2012 Capital expenditure 2011 capex: invested 10.6 billion* 2012 capex: increased from 10.6 billion to 11.5 billion on cash basis 2013 capex: increased from 11.4 billion to 12.0 billion on cash basis *9.8 billion at…
  41. Annual General Meeting – BG Group – slide 41
    Conclusion Methane Shirley Elisabeth LNG vessel
  42. Annual General Meeting – BG Group – slide 42
    Questions Sir Robert Wilson Chairman Lake Charles LNG terminal USA
  43. Annual General Meeting – BG Group – slide 43
    BG Group AGM 2012 Poll Card
  44. Annual General Meeting – BG Group – slide 44
    BG Group AGM 2012 Latest proxy voting position 67% of issued share capital voted by proxy Average percentage vote in favour of 98.17% Full results of poll will be published on our website
  45. Annual General Meeting – BG Group – slide 45
    Annual General Meeting Reading 16 May 2012 Worker on LNG tank Elba Island, USA

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