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Annual General Meeting – BG Group

BG Group · May 18, 2009 · 51 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, 18 May 2009
  2. Annual General Meeting – BG Group – slide 2
    Welcome Sir Robert Wilson - Chairman
  3. Annual General Meeting – BG Group – slide 3
    Legal Notice There are matters discussed in this presentation that are forward looking statements. By their nature, forward-looking statements involve uncertainty because they depend on future circumstances, and relate to events, not all…
  4. Annual General Meeting – BG Group – slide 4
    2009 Annual General Meeting Agenda Group performance in 2008 Company achievements Update on strategy Questions on resolutions or any other business Voting on resolutions 4
  5. Annual General Meeting – BG Group – slide 5
    2009 Annual General Meeting 2008 BG Group performance Total operating profit increased by 65% to 5.4bn Earnings per share increased by 74% to 91.6p Full year dividend raised again, by 20% to 11.23p per share Production volumes…
  6. Annual General Meeting – BG Group – slide 6
    2009 Annual General Meeting Global business environment 6
  7. Annual General Meeting – BG Group – slide 7
    2009 Annual General Meeting 2008 Highlights 7
  8. Annual General Meeting – BG Group – slide 8
    2009 Annual General Meeting Shareholder communications 8
  9. Annual General Meeting – BG Group – slide 9
    2009 Annual General Meeting Q1 2009 Distinctively resilient under challenging economic conditions Total operating profit 1.275 bn, down 9% Strong profits in LNG and T&D Production guidance unchanged Strength of integrated gas…
  10. Annual General Meeting – BG Group – slide 10
    Frank Chapman Chief Executive
  11. Annual General Meeting – BG Group – slide 11
    Group performance in 2008 BG Group operating profit Total operating profit ( million) 6000 CAGR 38% 1997-2008 5,355 5000 4000 3,248 3,103 3000 2,389 2000 1,520 1,287 1000 833 888 688 229 330 160 0 1997 2000 2003 2006…
  12. Annual General Meeting – BG Group – slide 12
    Group performance in 2008 2008 Highlights Clear, powerful strategy Integrated Gas Major Transformational strategic success in Brazil and Australia Industry leading LNG business with sustainable advantage 2P reserves up 64% to more…
  13. Annual General Meeting – BG Group – slide 13
    Group performance in 2008 Integrated Gas Major Integrated Gas Major Connect gas to Secure competitively high-value markets priced resources Build & access markets Equity reserves Serve customers Contracted resources Skills to…
  14. Annual General Meeting – BG Group – slide 14
    Group performance in 2008 Business environment Trend BG Group position Falling energy prices Low cost, long life portfolio Falling input costs Timing of investment Pressure on national economies Host government alignment Demand…
  15. Annual General Meeting – BG Group – slide 15
    Group performance in 2008 Key country portfolio Norway UK Kazakhstan USA Tunisia India Trinidad & Tobago Egypt Oman Nigeria Brazil Australia Core countries Potential core countries Focusing on developing material…
  16. Annual General Meeting – BG Group – slide 16
    Group performance in 2008 E&P asset base BG net production (000s boepd) of assets on stream at end 2006 only 700 600 500 400 Assets in production in 2006 only 300 200 100 0 2006A 2009 2012 2015 At 2009 reference…
  17. Annual General Meeting – BG Group – slide 17
    Group performance in 2008 Global LNG portfolio UK USA Italy Trinidad & Tobago Egypt Singapore* Nigeria EG Australia Chile Current and future equity positions Existing liquefaction Future liquefaction Long-term…
  18. Annual General Meeting – BG Group – slide 18
    Group performance in 2008 Australia: QGC Proposed LNG plant QGC integrated into BG Group Curtis Island Gladstone Strengthened by Pure acquisition Existing pipeline QCLNG proposed Strategically transformational move pipeline…
  19. Annual General Meeting – BG Group – slide 19
    Group performance in 2008 Australia: QGC a BG Group business Production of 225 kboepd 380 km trunkline to Gladstone 7.4 mtpa of LNG beginning in 2014 2P reserves now ca 3.7 tcf Total resources now over 11 tcf Major capital…
  20. Annual General Meeting – BG Group – slide 20
    Group performance in 2008 Australia: Production BGBG Group net production net production (000s (000 boepd) s boepd) Substantial E&P growth driven by: 250 Two trains of LNG 200 Increased domestic sales 150 Further growth…
  21. Annual General Meeting – BG Group – slide 21
    Group performance in 2008 Brazil: Santos Basin overview 50 km Rio de Janeiro World-class discoveries: Guar & Iara BM-S-52 BG 40% Corcovado-1 BM-S-10 BG 25% BG discovered resources 3 bn boe BM-S-11 Corcovado-2 BG 25% BM-S-47…
  22. Annual General Meeting – BG Group – slide 22
    Group performance in 2008 Brazil: Production BG net production (000s boepd) 450 Three major new developments Economic breakeven below 40/ bbl* 300 Scope for improved economics 150 0 2009 2012 2015 2018 At 2009 reference…
  23. Annual General Meeting – BG Group – slide 23
    Group performance in 2008 Safety and sustainability We believe every incident is preventable. Our goal is zero injuries 23
  24. Annual General Meeting – BG Group – slide 24
    Strategy for growth Frank Chapman Chief Executive
  25. Annual General Meeting – BG Group – slide 25
    Strategy for growth E&P: Reserves and resources CAGR 28% Reserves/Resources Reserves/ mmboe Production* Production* 14000 13,126 12000 10,046 3,562 58 years 10000 8,017 8000 3,356 3,722 42 years 2,713 6000 3,122 1,772…
  26. Annual General Meeting – BG Group – slide 26
    Strategy for growth E&P: Production outlook 2000 13,126 2000 1.6 million boepd 3,562 3,562 CAGR 8% 1500 1500 1.2 million boepd CAGR 6% 3,722 3,722 1000 1000 3,383 3,384 500 500 2,459 2,459 00 2005 2005A 2020…
  27. Annual General Meeting – BG Group – slide 27
    Strategy for growth Bright and positive future 27
  28. Annual General Meeting – BG Group – slide 28
    Sir Robert Wilson - Chairman
  29. Annual General Meeting – BG Group – slide 29
    2009 Annual General Meeting Poll card 29
  30. Annual General Meeting – BG Group – slide 30
    2009 Annual General Meeting Resolution 1 Annual Report and Accounts Proxy Voting Position For: 99.83% Against: 0.17% Votes withheld: 7,255,823 30
  31. Annual General Meeting – BG Group – slide 31
    2009 Annual General Meeting Resolution 2 Remuneration Report Proxy Voting Position For: 93.76% Against: 6.24% Votes withheld: 7,822,041 31
  32. Annual General Meeting – BG Group – slide 32
    2009 Annual General Meeting Resolution 3 Declaration of dividend Proxy Voting Position For: 99.82% Against: 0.18% Votes withheld: 3,134,006 32
  33. Annual General Meeting – BG Group – slide 33
    2009 Annual General Meeting Resolution 4 Election of Sir David Manning Proxy Voting Position For: 99.43% Against: 0.57% Votes withheld: 3,507,665 33
  34. Annual General Meeting – BG Group – slide 34
    2009 Annual General Meeting Resolution 5 Election of Martin Houston Proxy Voting Position For: 99.38% Against: 0.62% Votes withheld: 7,588,397 34
  35. Annual General Meeting – BG Group – slide 35
    2009 Annual General Meeting Resolution 6 Election of Sir Robert Wilson Proxy Voting Position For: 98.67% Against: 1.33% Votes withheld: 4,147,026 35
  36. Annual General Meeting – BG Group – slide 36
    2009 Annual General Meeting Resolution 7 Election of Frank Chapman Proxy Voting Position For: 99.48% Against: 0.52% Votes withheld: 7,544,482 36
  37. Annual General Meeting – BG Group – slide 37
    2009 Annual General Meeting Resolution 8 Election of Ashley Almanza Proxy Voting Position For: 99.45% Against: 0.55% Votes withheld: 7,587,319 37
  38. Annual General Meeting – BG Group – slide 38
    2009 Annual General Meeting Resolution 9 Election of Jrgen Dormann Proxy Voting Position For: 99.40% Against: 0.60% Votes withheld: 3,515,669 38
  39. Annual General Meeting – BG Group – slide 39
    2009 Annual General Meeting Resolution 10 Re-appointment of PricewaterhouseCoopers LLP as Auditors Proxy Voting Position For: 97.28% Against: 2.72% Votes withheld: 41,494,384 39
  40. Annual General Meeting – BG Group – slide 40
    2009 Annual General Meeting Resolution 11 Remuneration of Auditors Proxy Voting Position For: 97.42% Against: 2.58% Votes withheld: 7,540,953 40
  41. Annual General Meeting – BG Group – slide 41
    2009 Annual General Meeting Resolution 12 Authority to make political donations and incur political expenditure Proxy Voting Position For: 96.87% Against: 3.13% Votes withheld: 16,001,679 41
  42. Annual General Meeting – BG Group – slide 42
    2009 Annual General Meeting Resolution 13 Increase authorised share capital Proxy Voting Position For: 99.25% Against: 0.75% Votes withheld: 9,213,085 42
  43. Annual General Meeting – BG Group – slide 43
    2009 Annual General Meeting Resolution 14 Authority to allot shares Proxy Voting Position For: 91.82% Against: 8.18% Votes withheld: 48,448,030 43
  44. Annual General Meeting – BG Group – slide 44
    2009 Annual General Meeting Resolution 15 Renewal of the disapplication of pre-emption rights Proxy Voting Position For: 98.33% Against: 1.67% Votes withheld: 8,177,534 44
  45. Annual General Meeting – BG Group – slide 45
    2009 Annual General Meeting Resolution 16 Authority to make market purchases of own ordinary shares Proxy Voting Position For: 99.86% Against: 0.14% Votes withheld: 7,509,823 45
  46. Annual General Meeting – BG Group – slide 46
    2009 Annual General Meeting Resolution 17 Amendment of the existing Articles of Association Proxy Voting Position For: 99.64% Against: 0.36% Votes withheld: 5,530,345 46
  47. Annual General Meeting – BG Group – slide 47
    2009 Annual General Meeting Resolution 18 Adopt new Articles of Association with effect from 1 October 2009 Proxy Voting Position For: 99.70% Against: 0.30% Votes withheld: 8,846,074 47
  48. Annual General Meeting – BG Group – slide 48
    2009 Annual General Meeting Resolution 19 Notice periods for General Meetings (other than Annual General Meetings) Proxy Voting Position For: 96.26% Against: 3.74% Votes withheld: 8,692,806 48
  49. Annual General Meeting – BG Group – slide 49
    Annual General Meeting Reading, 18 May 2009
  50. Annual General Meeting – BG Group – slide 50
    Thank you all for coming Please have a safe journey home
  51. Annual General Meeting – BG Group – slide 51
    Appendix Key assumptions REFERENCE CONDITIONS Brent Oil price US 55/bbl US Henry Hub 7.25/mmbtu US/UK exchange rates of 1.5:1 Prepared under International Financial Reporting Standards All production includes fuel gas PRINCIPAL…

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