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Annual General Meeting – BG Group

BG Group · May 12, 2011 · 38 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 12 May 2011
  2. Annual General Meeting – BG Group – slide 2
    Welcome Sir Robert Wilson Chairman
  3. Annual General Meeting – BG Group – slide 3
    BG Group AGM 2011 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 2011 Agenda Overview of BG Group performance in 2010 Q1 2011 results Summary of key developments Your questions Any other business Vote on resolutions 4
  5. Annual General Meeting – BG Group – slide 5
    BG Group AGM 2011 2010 performance Total operating profit of circa 7 billion, 9% higher year-on-year Underlying earnings per share 18% higher year-on-year, at 118.7 cents Full year dividend increased by 10% to 21.6 cents (13.66…
  6. Annual General Meeting – BG Group – slide 6
    BG Group AGM 2011 Q1 2011 Total operating profit of 1,965 million, 1% higher year-on-year Challenging quarter for exploration and production UK North Sea taxation change reduced earnings by 265 million UK North Sea shutdown, Egypt…
  7. Annual General Meeting – BG Group – slide 7
    BG Group AGM 2011 Market and industry context Positive outlook 7
  8. Annual General Meeting – BG Group – slide 8
    BG Group AGM 2011 2010 portfolio developments Geraldo Falco/Banco de Imagens Petrobras Strengthened and rebalanced portfolio 8
  9. Annual General Meeting – BG Group – slide 9
    Board update
  10. Annual General Meeting – BG Group – slide 10
    Conclusion Sir Robert Wilson Chairman
  11. Annual General Meeting – BG Group – slide 11
    Key developments in 2010 Frank Chapman Chief Executive
  12. Annual General Meeting – BG Group – slide 12
    BG Group AGM 2011 Key messages 2011 2010 2011 E&P: upper end 6-8% to 2020 Reaffirm 6-8%, 7% from existing discoveries LNG: 20 mtpa by 2015 Reaffirmed, 30 mtpa supply potential by 2020 Brazil: 400 kboe per day by 2020 550 kboe per…
  13. Annual General Meeting – BG Group – slide 13
    BG Group AGM 2011 BG Groups investment proposition Internationally diversified Integrated energy business Specialism in gas High growth rates 8% 6% Clear investment proposition 13
  14. Annual General Meeting – BG Group – slide 14
    BG Group AGM 2011 Clear, effective and resilient strategy Global gas major Connect gas to Secure competitively high-value markets priced resources Build & access markets Equity reserves Serve customers Contracted resources…
  15. Annual General Meeting – BG Group – slide 15
    BG Group AGM 2011 Sources of competitive advantage Gas markets Excellent Flexible LNG focus project business pipeline Gas marketing Fast-track Leading leader developer explorer Strong and Top-quartile Long life balanced…
  16. Annual General Meeting – BG Group – slide 16
    BG Group AGM 2011 BG Group performance: Exploration & Production Net production (000s boe per day) 1800 CAGR 11% 1997-2020 1.6 million boepd 1500 CAGR 11% 1997-2010 1200 1.2 million boepd 900 8% 6% 600 300 0 1997 2000…
  17. Annual General Meeting – BG Group – slide 17
    BG Group AGM 2011 BG Group performance: Liquefied Natural Gas LNG contracted volumes (million tonnes per annum) 30 25 CAGR 21% 2003-2015 20 15 CAGR 31% 2003-2010 10 5 0 2003 2005 2007 2009 2010 2015 2020 QCLNG T3 New…
  18. Annual General Meeting – BG Group – slide 18
    BG Group AGM 2011 BG Group performance: Total operating profit Total operating profit ( million) 12000 CAGR 29% 1997-2010 9000 6,925 6,330 6000 5,474 3000 1,905 906 262 0 1997 2000 2003 2006 2009 2010 Continuing…
  19. Annual General Meeting – BG Group – slide 19
    BG Group AGM 2011 Key performance indicators Total shareholder returns Underlying earnings per share % Cents 50 200 40 160 30 120 20 80 10 40 0 0 2006 2007 2008 2009 2010 2006 2007 2008 2009 2010 -10 Peer group…
  20. Annual General Meeting – BG Group – slide 20
    BG Group AGM 2011 Key performance indicators Exploration & Production net volumes LNG managed volumes mmboe mtpa 250 15 200 10 150 5 100 0 2006 2007 2008 2009 2010 2006 2007 2008 2009 2010 In line with expectations 20
  21. Annual General Meeting – BG Group – slide 21
    BG Group AGM 2011 Total reserves & resources Total reserves & resources (million boe) CAGR 19% 18000 16,180 14,494 Risked Exploration 13,126 12000 10,046 Discovered Resources* 8,017 6000 Probable Reserves* SEC Proved…
  22. Annual General Meeting – BG Group – slide 22
    Safety
  23. Annual General Meeting – BG Group – slide 23
    BG Group AGM 2011 Total recordable case frequency Total recordable case frequency (per million work hours) 2 1.74 1.66 1.58 1.59 1.5 1 0.94 0.5 0 2006 2007 2008 2009 2010 Continued focus on safety 23
  24. Annual General Meeting – BG Group – slide 24
    BG Group AGM 2011 Operational safety Dedicated well risk management team Focus on: Operational risk management Role of contractors Incorporate lessons where appropriate Participation in industry working groups Engaging…
  25. Annual General Meeting – BG Group – slide 25
    BG Group AGM 2011 Gas demand outlook World gas demand (bcma) 5000 CAGR 2010-2020 4000 China 10.3% Asia (excluding China) 3.4% 3000 Middle East & Africa 5.4% South America 3.8% 2000 Russia and Central Asia 2.0% 1000…
  26. Annual General Meeting – BG Group – slide 26
    BG Group AGM 2011 Global gas supply Current global supply is more than 3 trillion cubic metres per year Around 1 trillion cubic metres per year below forecast 2020 demand Anticipated supply shortfall in 2020: 2 trillion cubic metres…
  27. Annual General Meeting – BG Group – slide 27
    BG Group AGM 2011 LNG volumes Total LNG contracted volumes (million tonnes per annum) 30 ca +50% 20 ca +50% 10 0 2010 2015 2020 QCLNG T3 New supply potential Future volumes at 2011 reference conditions (see page 146…
  28. Annual General Meeting – BG Group – slide 28
    BG Group AGM 2011 Australia Final investment approval October 2010 Asia-Pacific equity LNG supply position First 2 LNG trains: 15 billion investment Further expansion potential Quadrupled total gross resources since 2008 First 2…
  29. Annual General Meeting – BG Group – slide 29
    BG Group AGM 2011 US shale gas Haynesville High-quality, low-cost resource base Total resources up by more than 60% Net production up circa 300% in 2010 Experience applied to Marcellus shale Estimated 190 kboe per day net in…
  30. Annual General Meeting – BG Group – slide 30
    BG Group AGM 2011 Brazil Resources upgrades Lula: production from permanent facility First 3 facilities: attractive economics Significant gas resources development Geraldo Falco/Banco de Imagens Petrobras 12 further facilities in…
  31. Annual General Meeting – BG Group – slide 31
    BG Group AGM 2011 E&P: Production Net production (000s boe per day) 1800 Risked 1500 Exploration 1200 8% Other 6% 900 US 600 Australia 300 Brazil 0 2010 2015 2020 Future2010 2015Annual Report and Accounts). volumes…
  32. Annual General Meeting – BG Group – slide 32
    Conclusions
  33. Annual General Meeting – BG Group – slide 33
    BG Group AGM 2011 Progress highlights E&P volumes: reaffirm 6-8% to 2020, 7% from existing discoveries LNG supply of 20 mtpa by 2015, supply potential of 30 mtpa by 2020 Increased LNG profit guidance for 2011 and 2012 Brazil: net…
  34. Annual General Meeting – BG Group – slide 34
    Questions Sir Robert Wilson Chairman
  35. Annual General Meeting – BG Group – slide 35
    BG Group AGM 2011 Poll Card LNG contracted volumes (mtpa) 35
  36. Annual General Meeting – BG Group – slide 36
    BG Group AGM 2011 Latest proxy voting position 2,267,960,671 shares voted by proxy 66.9% of issued share capital voted by proxy All resolutions received votes in favour of 92% or higher Average percentage vote in favour of…
  37. Annual General Meeting – BG Group – slide 37
    Annual General Meeting
  38. Annual General Meeting – BG Group – slide 38

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