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September 2014 Investor update – BG Group

BG Group · Sep 10, 2014 · 32 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. September 2014 Investor update – BG Group – slide 1
    BG Group Investor update - September 2014
  2. September 2014 Investor update – BG Group – slide 2
    BG Group Investor update BG Group - high growth E&P & LNG company Strong 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…
  3. September 2014 Investor update – BG Group – slide 3
    BG Group Investor update 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…
  4. September 2014 Investor update – BG Group – slide 4
    BG Group Investor update 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…
  5. September 2014 Investor update – BG Group – slide 5
    BG Group Investor update 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…
  6. September 2014 Investor update – BG Group – slide 6
    BG Group Investor update E&P and LNG volumes 100 E&P production (H1 2014) LNG supply & sales (H1 2014) 90 Europe & other North America 80 Kazakhstan Spot purchases UK 70 South America Equatorial Guinea Number of…
  7. September 2014 Investor update – BG Group – slide 7
    BG Group Investor update Large resource base, 3 yr RRR of 179% 25000 250 Monetise via production or sale up to 50% of discovered resources in 20000 200 10 years Reserves & resources (mmboe) 18 511 17 721 17 771 17 130 4…
  8. September 2014 Investor update – BG Group – slide 8
    BG Group Investor update 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…
  9. September 2014 Investor update – BG Group – slide 9
    BG Group Investor update Brazil update Growth programme FPSO 2 Cidade FPSO 2de & So Paulo Basin, 3, Santos departure Brazil Brazil
  10. September 2014 Investor update – BG Group – slide 10
    BG Group Investor update Brazil - development underway Significant resource base 4-6-8 bn boe of reserves/resources net to BG 5 fields under development Operators 15 FPSO programme contracted 2.6 mmboed gross capacity by…
  11. September 2014 Investor update – BG Group – slide 11
    BG Group Investor update Brazil production ramping up Flow rates exceeding expectations Production (kboed) 80 25-35 kbopd per well Fewer wells needed to reach plateau 70 Current gross production 300 kboed 60 FPSO 1 (Lula) at 100…
  12. September 2014 Investor update – BG Group – slide 12
    BG Group Investor update Australia QCLNG project Upstream: 6 000 CSG wells over project life 27 field compression stations (FCSs) 6 central processing plants (CPPs) Curtis Island 2 major water treatment facilities QCLNG plant…
  13. September 2014 Investor update – BG Group – slide 13
    BG Group Investor update QCLNG increased cash flow in 2015 Development well advanced 2 150 wells drilled as at end Q2, c.1 100 available for production or de-watering Ruby Jo CPP & 6 FCSs operational Pipeline and gas collection…
  14. September 2014 Investor update – BG Group – slide 14
    BG Group Investor update 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 project development NEB LNG export…
  15. September 2014 Investor update – BG Group – slide 15
    BG Group Investor update Exploration and appraisal activities Norway UK Brazil (Barreirinhas) Aruba Honduras Thailand Trinidad &Tobago Kenya Myanmar Colombia Bolivia Tanzania Australia Brazil Madagascar…
  16. September 2014 Investor update – BG Group – slide 16
    BG Group Investor update Pipeline of opportunities Legend Potential Resources Brazil Existing / Emerging hub exploration Uruguay LNG Projects Kenya Frontier exploration Australia Bolivia Cooper / Huacareta TGS Madag-…
  17. September 2014 Investor update – BG Group – slide 17
    BG Group Investor update 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…
  18. September 2014 Investor update – BG Group – slide 18
    BG Group Investor update BG Group - high growth E&P & LNG company Strong 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…
  19. September 2014 Investor update – BG Group – slide 19
    BG Group Investor update Appendix
  20. September 2014 Investor update – BG Group – slide 20
    BG Group Investor update 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…
  21. September 2014 Investor update – BG Group – slide 21
    BG Group Investor update 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…
  22. September 2014 Investor update – BG Group – slide 22
    BG Group Investor update Egypt remains challenging Domestic demand/supply balance constrained Strong domestic demand supported by high level of subsidies Lower supply from BGs West Delta Deep Marine field Domestic take above…
  23. September 2014 Investor update – BG Group – slide 23
    BG Group Investor update Financial highlights H1 2014 H1 2014 H1 2013 YOY Total operating profit 4 001m 3 935m +2% Upstream 2 556m 2 682m -5% LNG Shipping 1 441m 1 263m +14% & Marketing Net cash inflow from 4 485m 4 380m +2%…
  24. September 2014 Investor update – BG Group – slide 24
    BG Group Investor update Free cash flow H1 2014 H1 2014 H1 2013 Net cash flow from operations 4 485 4 380 Cash flow from investing activities (4 588) (5 085) Net interest (251) (238) Free cash flow (354) (943) Disposals 56…
  25. September 2014 Investor update – BG Group – slide 25
    BG Group Investor update 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…
  26. September 2014 Investor update – BG Group – slide 26
    BG Group Investor update Liquidity position 5.0 bn cash and cash equivalents* Undrawn committed facilities 5.2 bn stand-by bank facilities 2.2 bn expires in 2016; 3.0 bn expires in 2017 1.8 bn US EXIM facility Average maturity…
  27. September 2014 Investor update – BG Group – slide 27
    BG Group Investor update Capital market maturity profile Capital markets maturities at 30 June 2014 1500 1000 Millions* 500 0 USD GBP EUR HKD * Graph depicts maturities in millions in their respective…
  28. September 2014 Investor update – BG Group – slide 28
    BG Group Investor update 2013-14 portfolio management 4.8 billion of transactions closed in 2013 Key transactions: QCLNG sell down to CNOOC (Australia) Gujarat Gas (India) TGGT (US) Quintero LNG (Chile) Cotton Valley (US) Bream…
  29. September 2014 Investor update – BG Group – slide 29
    BG Group Investor update LNG trade outlook to 2025 Global LNG supply delivered (mtpa) 2013 to 2025 CAGR(%) = 4.3 to 5.7 External LNG trade Supply gap: forecasts* up to 150 mtpa Under construction Supply: existing and…
  30. September 2014 Investor update – BG Group – slide 30
    BG Group Investor update 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…
  31. September 2014 Investor update – BG Group – slide 31
    BG Group Investor update 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…
  32. September 2014 Investor update – BG Group – slide 32
    BG Group Investor update BG Group Investor update - September 2014

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