BG Group - high growth E&P & LNG company Strong forecast growth in E&P and LNG volumes Proportion of production with cash margins 50/boe* to triple Earnings to grow faster than production Capital expenditure to fall from…
Our strategy Actively manage World class our portfolio to reinvest in Prioritise exploration & growth value over unique LNG production business BG Group High growth E&P and LNG company Focused portfolio of Lean & agile…
Flexible and scalable strategy Reinvest in high Return residual Drive free cash flow Actively manage value projects; risk cash to from operating portfolio to management shareholders in assets crystallise value through strategic…
Global presence Norway UK Kazakhstan Canada Areas of PA Japan USA India Tunisia China Thailand Honduras Trinidad & Aruba Tobago Egypt Colombia Myanmar Kenya Tanzania Brazil Australia Bolivia Singapore Chile Uruguay…
E&P and LNG volumes 160 E&P production (YTD 2014) LNG supply & sales (YTD 2014) 140 Europe & other Spot purchases North America Kazakhstan 120 UK South America 100 Equatorial Guinea Number of cargoes Norway Brazil India…
Large resource base, 3 yr RRR of 179% 25000 250 Monetise via production or sale up to 50% of discovered resources in 10 years 20000 200 Reserves & resources (mmboe) 18 511 17 721 17 771 17 130 1 000 mmboe reserves and…
Unique LNG business model Diversified & flexible Flexible Extensive customer LNG supply portfolio network Strong presence and expertise across the LNG supply chain Growing portfolio - multiple new LNG supply options under…
Q3 2014 highlights
Q3 2014 highlights Appointment of Helge Lund as Chief Executive E&P production down 2% at 569 kboed; decline in Egypt, partially offset by higher production in Brazil; no change to 2014 production guidance Upstream total operating…
Chief Executive appointed Helge Lund appointed as Chief Executive, with effect from 2 March 2015 Andrew Gould to return to non-executive Chairman role on the same date Helge was previously the CEO of Statoil for 10 years Helge has a…
Brazil update Growth programme FPSO 2 Cidade FPSO 2de & So Paulo Basin, 3, Santos departure Brazil Brazil
Brazil world-class resource Significant resource base 4-6-8 bn boe of reserves/resources net to BG Group* 5 discoveries under development, 3 onstream Operators 15 FPSO programme contracted 2.6 mmboed gross capacity by end-2018 On…
Brazil 4 FPSOs now onstream Net production reaches 100 kboed Production (kboed) 90 Flow rates exceeding expectations 80 25-35 kbopd per well, fewer wells needed to reach plateau 70 FPSO 1 (Lula) at 100 kboed 60 FPSO 2 (Sapinho…
Australia QCLNG project Upstream: 27 field compression stations (FCSs) 6 central processing plants (CPPs) 2 major water treatment facilities Curtis Island QCLNG plant Pipeline: Gladstone 200 km gas collection header 340 km export…
QCLNG progressing towards first LNG Development well advanced 2 300 wells drilled as at end Q3, 1 300 available for production or de-watering 3 FCSs and CPP at Bellevue now operational Key Surat Basin supply infrastructure required…
Future LNG growth options Sabine Pass: 5.5 mtpa Lake Charles: 15 mtpa Tanzania: 10 mtpa Prince Rupert: 14 mtpa Offtaker of first US LNG Energy Transfer to own Joint LNG project LNG export licence exports & finance proposed LNG…
LNG project progress Lake Charles FERC application process underway approval expected in 2015 Project financed and owned by Energy Transfer; BG Group has effective control of the construction, development and operation of the…
Exploration and appraisal activities Norway UK Brazil (Barreirinhas) Aruba Honduras Thailand Trinidad &Tobago Kenya Myanmar Colombia Bolivia Tanzania Australia Brazil Madagascar Uruguay Existing hubs Leverage…
Pipeline of opportunities Legend Potential Resources Brazil Existing / Emerging hub exploration Uruguay LNG Projects Kenya Frontier exploration Australia Bolivia Cooper / Huacareta TGS Madag- ascar Lake Bolivia QCLNG…
Active portfolio management to monetise value Our goal Track record Realise value from E&P and LNG assets Exited non-core T&D and power businesses Balanced portfolio of 10-15 high quality assets Released 9.5 bn capital in…
BG Group - high growth E&P & LNG company Strong forecast growth in E&P and LNG volumes Proportion of production with cash margins 50/boe* to triple Earnings to grow faster than production Capital expenditure to fall from 11.2 bn in…
BG Group Investor update Appendix
2014/15 goals First LNG exports QCLNG Q4 2014 Project Continued ramp up of production in Brazil Decline in capital expenditure 2014: 590 630 kboed (lower end) Production outlook Brazil & Australia strong year on year growth…
2014 milestones Q1 Brazil - FPSO 2 second well connected Thailand - Bongkot South Phase 4b Q2 Brazil - FPSO 3 second well connected QCLNG - commissioning of gas turbine generators Q3 Egypt - WDDM Phase 9a Brazil - FPSO 4…
Egypt remains challenging Domestic demand/supply balance constrained Strong domestic demand supported by high level of subsidies Lower supply from BG Groups West Delta Deep Marine field Domestic take above contractual arrangements and…
Capex, capital structure and dividend Capital expenditure focus: 70% for Australia and Brazil in 2014 2014 capital expenditure to be lower than 2013 2015-2016 capital expenditure expected to fall to 8-10 bn Gearing 24.1% at 30…
Liquidity position 4.3 bn cash and cash equivalents* Undrawn committed facilities 5.2 bn stand-by bank facilities, expire 2.2 bn in 2016; 3.0 bn in 2017 250 m bank borrowing facility 1.7 bn US EXIM facility Average maturity of debt…
Capital market maturity profile Capital markets maturities at 30 September 2014 2500 2000 1500 Millions USD 1000 500 0 USD GBP EUR HKD 32
2013-14 portfolio management Key transactions closed in 2013 QCLNG sell down to CNOOC (Australia) Gujarat Gas (India) TGGT (US) Quintero LNG (Chile) Cotton Valley (US) Bream (Norway) Key transactions closed in 2014 CATS…
LNG trade outlook to 2025 Global LNG supply (mtpa) 500 2014 to 2025 CAGR(%) = 4.5 to 6.0 400 External Supply gap: LNG trade up to 155 mtpa forecasts* 300 Under construction 200 Supply: existing Existing and under 100…
Key assumptions Reference Conditions Brent Oil price real (1/1/2014): 2014 and 2015: 100/bbl US Henry Hub real (1/1/2014): 2014: 4.0/mmbtu; 2015 4.25/mmbtu US/UK exchange rates of 1.55:1 US/AUD exchange rates of 1:A1.05 US/BRL…
Sponsored ADR Programme BG Group has established a sponsored Level I ADR programme in the US. The ADRs trade on the premier tier of the Over-The-Counter (OTC) market in the US. Details are as follows: Ticker Symbol BRGYY CUSIP…
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