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Annual General Meeting – BG Group

BG Group · May 12, 2010 · 40 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 Annual General Meeting Reading 12 May 2010 This presentation should be read in conjunction with the transcript of the speeches given by the Chairman and the Chief Executive at the 2010 Annual General Meeting of BG Group plc…
  2. Annual General Meeting – BG Group – slide 2
    Chairman Sir Robert Wilson
  3. Annual General Meeting – BG Group – slide 3
    Legal notice There are matters set out in this p presentation that are forward-looking statements. Such statements are only predictions and actual events or results may differ materially. t i ll BG G Group does d nott undertake d t k…
  4. Annual General Meeting – BG Group – slide 4
    BG Group AGM 2010 Agenda 2009 and Q1 2010 performance p Chief Executive presentation Strategy update Review of achievements Questions Voting 4
  5. Annual General Meeting – BG Group – slide 5
    BG Group AGM 2010 2009 BG Group performance A solid performance p Total operating profit of 4.2 billion Earnings E i per share h 67 67.3 3 pence Dividend 12.35 pence, increase of 10% Production volumes up 4% Very good…
  6. Annual General Meeting – BG Group – slide 6
    Market context 6
  7. Annual General Meeting – BG Group – slide 7
    BG Group AGM 2010 Business Principles 7
  8. Annual General Meeting – BG Group – slide 8
    BG Group AGM 2010 Shareholder information US Dollars reporting p g Dividend currency unchanged Reports available online 8
  9. Annual General Meeting – BG Group – slide 9
    BG Group AGM 2010 Q1 2010 Key highlights Earnings g pper share up p 13% to 33.2 cents Queensland Curtis LNG (QCLNG) EPC contracts signed CNOOC contract and Tokyo Gas Heads of Agreement Continuing g exploration p success in…
  10. Annual General Meeting – BG Group – slide 10
  11. Annual General Meeting – BG Group – slide 11
    Chief Executive Frank Chapman p
  12. Annual General Meeting – BG Group – slide 12
    BG Group AGM 2010 A new decade of growth Upstream p g growth to 2020,, LNG p progress g towards 20 mtpa LNG by 2015 Brazil: in production, 400,000 boepd net by 2020 Queensland Curtis LNG: 2010 sanction EXCO CO alliance: 7 tcff…
  13. Annual General Meeting – BG Group – slide 13
    BG Group AGM 2010 BG Group performance BG Group p net p production ((000s boepd) p ) 1600 CAGR 10% 1997-2020 1.6 million boepd 1.2 million 1200 boepd 8% 6% 800 400 0 1997 2003 2009 2015 2020 For 2010 reference…
  14. Annual General Meeting – BG Group – slide 14
    BG Group AGM 2010 BG Group performance Contracted LNG supply pp y ((mtpa) p ) 20 CAGR 37% 2003-2009 15 10 5 0 2003 2006 2009 2015 14
  15. Annual General Meeting – BG Group – slide 15
    BG Group AGM 2010 BG Group performance Total operating profit ( million) 6000 CAGR 31% 1997-2009 5000 4,211 4000 3,103 3000 2000 1,287 1000 688 160 0 1997 2000 2003 2006 2009 Continuing operations excluding disposals,…
  16. Annual General Meeting – BG Group – slide 16
    BG Group AGM 2010 Integrated Gas Major Integrated Gas Major Connect gas to Secure competitively high value markets high-value priced resources Build & access markets Equity reserves Serve customers Contracted resources…
  17. Annual General Meeting – BG Group – slide 17
    Global portfolio
  18. Annual General Meeting – BG Group – slide 18
    BG Group AGM 2010 Global markets supplied by BG Group Canada Russia UK Belgium France Italy Kazakhstan Spain Greece USA Korea Portugal g Turkey China Kuwait Japan Tunisia Puerto Rico Taiwan Mexico Trinidad & Egypt…
  19. Annual General Meeting – BG Group – slide 19
    BG Group AGM 2010 Portfolio development UK Kazakhstan USA Tunisia Trinidad & Tobago Egypt India Brazil Australia Core countries 19
  20. Annual General Meeting – BG Group – slide 20
    BG Group AGM 2010 Brazil: Santos Basin activity overview Rio de Janeiro Substantial q quantity y of new information BG Group Operated BG Group Non Operated Wells Significant progress in 2009 BM-S-52 BG 40% BM-S-10…
  21. Annual General Meeting – BG Group – slide 21
    BG Group AGM 2010 Brazil: Tupi-Iracema Extended well text Gross reserves and resources 5-8 billion boe Tupi NE and Iracema up to 50 000 bopd per well First production end 2010 FPSO conversion Up to 10 Floating Production…
  22. Annual General Meeting – BG Group – slide 22
    BG Group AGM 2010 Brazil: Guar Outstanding gppotential Gross reserves and resources 1.1 - 2.0 billion Guar-Norte boe Guar-Sela First p production early y 2013 Guar-1 Guar 1 5 km 22
  23. Annual General Meeting – BG Group – slide 23
    BG Group AGM 2010 Brazil: An important gas play Material g gas resources Large and developing gas market BG Groups Comgs interests Studying opportunities 23
  24. Annual General Meeting – BG Group – slide 24
    BG Group AGM 2010 Brazil: Production BG Group net production (000s boepd) Rapid p p progression g 450 In production today 300 Production reaching more than 400 000 boepd net byy 2020 150 0 2010 2015 2020 For 2010…
  25. Annual General Meeting – BG Group – slide 25
    BG Group AGM 2010 LNG: Portfolio UK Italy USA Trinidad & Tobago Egypt gyp Singapore* Nigeria EG B il Brazil Australia Chile Current and future equity positions Existing g liquefaction q Future liquefaction q…
  26. Annual General Meeting – BG Group – slide 26
    BG Group AGM 2010 Australia QCLNG Controlled by BG Group Close to worlds largest LNG markets Underpinned by LNG sales agreements t with ith Chi China, Chil Chile, Singapore and Japan 17.3 tcf reserves and resources as at…
  27. Annual General Meeting – BG Group – slide 27
    BG Group AGM 2010 Australia: A year of excellent progress Advanced appraisal pp and field development plans Progress with land access, design and materials procurement Awarded QCLNG EPC contracts QCLNG due onstream 2014…
  28. Annual General Meeting – BG Group – slide 28
    BG Group AGM 2010 Australia: Production BG Group net production (000s boepd) Substantial p progress g Partner/Other 250 gas supplying QCLNG Production ultimately 200 reaching 225 000 boed Net BG Group net plateau 150…
  29. Annual General Meeting – BG Group – slide 29
    BG Group AGM 2010 US E&P: BG Group-EXCO alliance Shale ggas has p potential to transform the worlds largest gas market - USA High-quality assets in Louisiana, Pennsylvania, Texas and West Virginia Skilled and fully aligned…
  30. Annual General Meeting – BG Group – slide 30
    BG Group AGM 2010 US E&P: BG Group-EXCO growth BG Group net production (000s boepd) Shale g gas a material opportunity for BG Group 125 100 Existing Production 100 000 further potential boepd by 2015 see 75 chart 50…
  31. Annual General Meeting – BG Group – slide 31
    BG Group AGM 2010 Safety TotalTotal Recordable CaseCase Recordable Frequency (TRCF) Frequency 3 2.5 2 1.5 1 2009 TRCF target:1.35 2010 TRCF target:1.2 0.5 0 2005 2006 2007 2008 2009 2010 31
  32. Annual General Meeting – BG Group – slide 32
    BG Group AGM 2010 E&P: Reserves and resources CAGR 20% 14,494 13,126 10,046 boe 8,017 mmb 7 071 7,071 2005 2006 2007 2008 2009 SEC Proved Reserves Probable Reserves** Discovered Resources** Risked…
  33. Annual General Meeting – BG Group – slide 33
    BG Group AGM 2010 Production scenario BG Group net production (000s boepd) 1.6 million 1600 boepd Exploration 1.2 million 1200 Australia boepd Brazil 800 400 All other countries 0 2010 2015 2020 For 2010…
  34. Annual General Meeting – BG Group – slide 34
    An exciting future
  35. Annual General Meeting – BG Group – slide 35
    Sir Robert Wilson, Chairman
  36. Annual General Meeting – BG Group – slide 36
    BG Group AGM 2010 Resolutions Resolution 1 - Annual Report and Accounts Resolution 2 - Remuneration Report Resolution 3 - Declaration of dividend Resolution 4 - Election of Mark Seligman Resolution 5 - Re-election of Peter Backhouse…
  37. Annual General Meeting – BG Group – slide 37
    BG Group AGM 2010 Poll Card 37
  38. Annual General Meeting – BG Group – slide 38
    BG Group AGM 2010 Latest proxy voting position Resolution FOR AGAINST Total votes Withheld 1 Annual Report and Accounts 99.60% 0.40% 2,209,992,560 998,808 2 Remuneration report 94.10% 5.90% 2,188,457,187 22,534,181 3 Declaration of…
  39. Annual General Meeting – BG Group – slide 39
    Annual General Meeting
  40. Annual General Meeting – BG Group – slide 40

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