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Annual General Meeting – BG Group

BG Group · May 23, 2013 · 34 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
    BG Group AGM 2013 Annual General Meeting 23 May 2013 Jasmine production platform, UK
  2. Annual General Meeting – BG Group – slide 2
    BG Group AGM 2013 Welcome Andrew Gould Chairman FPSO 3 Cidade de Paraty
  3. Annual General Meeting – BG Group – slide 3
    BG Group AGM 2013 Andrew Gould 01 2012 performance Agenda 02 Q1 2013 update 03 2013 priorities 04 Strategy update 05 Q&A 06 Voting 4
  4. Annual General Meeting – BG Group – slide 4
    BG Group AGM 2013 Andrew Gould Production up 3%: Good progress LNG sales volumes: new projects offset with growth 12.1 mt, reduction 2012 a by UK shutdowns/ projects in spot purchases challenging delays, Egypt & USA year for BG…
  5. Annual General Meeting – BG Group – slide 5
    BG Group AGM 2013 Andrew Gould Earnings* per share (cents) Total shareholder return** (%) For the year ended 31 December For the period ended 31 December 200 40 EPS & TSR 160 30 120 20 80 10 40 0 0 2008 2009 2010…
  6. Annual General Meeting – BG Group – slide 6
    BG Group AGM 2013 Andrew Gould Total operating profit* Earnings* Cash flow from operations Solid 2013 2.1 bn 1.2 bn 2.7 bn first quarter results -5% -3% +3% Production (mmboe) Total operating profit (LNG)* 59.3 742 m -3% +3%…
  7. Annual General Meeting – BG Group – slide 7
    BG Group AGM 2013 Andrew Gould Board update Fabio Barbosa Den Jones Philippe Varin Lim Haw-Kuang 8
  8. Annual General Meeting – BG Group – slide 8
    BG Group AGM 2013 Andrew Gould Sir Frank Chapman 9
  9. Annual General Meeting – BG Group – slide 9
    BG Group AGM 2013 Chris Finlayson Chief Executive Buzzard field, UK
  10. Annual General Meeting – BG Group – slide 10
    BG Group AGM 2013 Chris Finlayson TRCF* (per million work hours) Group TRCF: 2.26 - above target 2.5 QGC missed target Group Improving contractor safety management 2012 safety 2.0 Industry Majority of Group** met TRCF target…
  11. Annual General Meeting – BG Group – slide 11
    BG Group AGM 2013 Chris Finlayson Relentless focus on safety Key milestones delivered Production in our base assets, in particular FPSO 2 in Brazil started production Egypt & UK Everest East expansion onstream Priorities for…
  12. Annual General Meeting – BG Group – slide 12
    BG Group AGM 2013 Progress on our major projects: QCLNG QCLNG pipe pull across the Narrows Crossing, Gladstone
  13. Annual General Meeting – BG Group – slide 13
    BG Group AGM 2013 Progress on our major projects: QCLNG QCLNG pipe pull across the Narrows Crossing, Gladstone
  14. Annual General Meeting – BG Group – slide 14
    BG Group AGM 2013 Progress on our major projects: Brazil 15 FPSO 2 Cidade de So Paulo, Brazil
  15. Annual General Meeting – BG Group – slide 15
    BG Group AGM 2013 Progress on our major projects: Brazil 16 FPSO 2 Cidade de So Paulo, Brazil
  16. Annual General Meeting – BG Group – slide 16
    BG Group AGM 2013 How we create value What this Levers of How we How we will strategy create value deliver value value delivers creation 17
  17. Annual General Meeting – BG Group – slide 17
    BG Group AGM 2013 How we create value BG Group organic reserve and 3 year reserve replacement** Value creation*** 2002-11 (bn) resource adds* (mmboe) 2500 300% Proven industry 1500 200% leading explorer 500 100% -500 0%…
  18. Annual General Meeting – BG Group – slide 18
    BG Group AGM 2013 How we create value Existing hubs New basins Exploration Leverage our current positions Focus on finding new giant discoveries strategy Maximise use of existing infrastructure Build on knowledge of local…
  19. Annual General Meeting – BG Group – slide 19
    BG Group AGM 2013 How we create value Year of entry: 2008/09 2010 2011 2012 2013 Australia Tanzania Kenya Uruguay Honduras Exploring & Drilled over 40 Bowen CSG Acquired over 10000 sq km 3D Acquired over 4500 sq km 3D + BGs…
  20. Annual General Meeting – BG Group – slide 20
    BG Group AGM 2013 How we create value Global LNG supply (mtpa) 500 External LNG trade forecasts* 400 Emerging Supply gap: LNG supply 150 mtpa 300 gap Under construction 200 Supply: existing and under Existing…
  21. Annual General Meeting – BG Group – slide 21
    BG Group AGM 2013 How we create value BG Groups LNG business Regasification Long-term supply Long-term sales 22
  22. Annual General Meeting – BG Group – slide 22
    BG Group AGM 2013 How we create value Multiple new LNG supply Prince Rupert: 14 mtpa Lake Charles: 15 mtpa Tanzania: 10 mtpa QCLNG: 4.25 mtpa options Attractive plant site No BG capital BG operated blocks 1, 3 and 4 Third train…
  23. Annual General Meeting – BG Group – slide 23
    BG Group AGM 2013 How we will deliver value What this Levers of How we How we will strategy value create value deliver value delivers creation Active portfolio management Capability in projects & operations Lean & agile…
  24. Annual General Meeting – BG Group – slide 24
    BG Group AGM 2013 How we will deliver value Our goal Track record Active Realise value from E&P and LNG assets Balanced portfolio of 10-15 high quality assets Divested 15% of our capital base Release 8 bn capital by end 2013…
  25. Annual General Meeting – BG Group – slide 25
    BG Group AGM 2013 How we will deliver value Average per Benchmarking boe cost Average schedule Strong schedule performance overrun Weak performance Weak 80% performance Cost performance comparable with performer Large capital on…
  26. Annual General Meeting – BG Group – slide 26
    BG Group AGM 2013 How we will deliver value CEO Lean & agile Functions Commercial CFO COO Exploration Global Energy Marketing* organisation /Technical Assets Simplifying our organisation Rapid decision making Created…
  27. Annual General Meeting – BG Group – slide 27
    BG Group AGM 2013 What this strategy delivers What this Levers of How we How we will strategy value create value deliver value delivers creation High quality portfolio Value creating growth Attractive shareholder…
  28. Annual General Meeting – BG Group – slide 28
    BG Group AGM 2013 What this strategy delivers 2015 volumes at current equity levels: % of production by EBITDA**/boe Group E&P production: 775-825 kboed 100% Total LNG offtake: 17-20 mtpa Strong Financial outlook financial Cash…
  29. Annual General Meeting – BG Group – slide 29
    BG Group AGM 2013 What this strategy delivers 2012-2014 cashflow 2015-2017 cashflow Maintain strong balance sheet Disposals Strong Invest in further growth Return cash to shareholders cashflow: Dividends & interest Dividends…
  30. Annual General Meeting – BG Group – slide 30
    BG Group AGM 2013 What this strategy delivers Cash from operations and portfolio rationalisation Capital and funding Safe & reliable operations Maintain strong balance sheet Grow dividends priorities Grow exploration Return cash…
  31. Annual General Meeting – BG Group – slide 31
    BG Group AGM 2013 Questions Andrew Gould Chairman Miskar production platform, Tunisia
  32. Annual General Meeting – BG Group – slide 32
    BG Group AGM 2013 Votes Poll Card 33
  33. Annual General Meeting – BG Group – slide 33
    BG Group AGM 2013 Votes Latest proxy 66% Average percentage vote in favour voting of issued share capital voted by proxy 98.5% position Full results of poll will be published on our website 34
  34. Annual General Meeting – BG Group – slide 34
    BG Group AGM 2013 Annual General Meeting 23 May 2013 Jasmine production platform, UK

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