First-half summary PNG LNG start-up ahead of schedule and strong progress on GLNG enables significant lift in interim dividend Safety LTIFR of 0.6 per million hours worked PNG LNG start-up ahead of schedule with first cash…
Safety performance Lost time injury frequency rate of 0.6 per million hours worked Safety performance (employees and contractors) Work hours Rate per million (million) hours worked 2 60 50 40 1 30 20 10 0 0 2008 2009…
2014 Half-year financial results Andrew Seaton Chief Financial Officer Unloading the first PNG LNG cargo at TEPCO Futtsu-2 Terminal
2014 First-half Growth in sales revenue, EBITDAX and operating cash financial result flow. Underlying profit of 258 million, higher than 2013. 2014 Change First-half on 2013 Production 25 mmboe +2% Sales revenue 1,887 million…
Dividends Start-up and first cash from PNG LNG has enabled the 33% increase in interim dividend to 20 cents per share fully-franked Fully-franked dividends declared per share Cents per Increased dividend consistent share with…
Production PNG LNG start-up drives sound first half and builds momentum for a stronger second half Average daily production First half production up 2% PNG LNG first LNG in April 2014 boe/day 170,000 Peluang first gas in March…
2014 First-half Production costs and DD&A were both higher, financials impacted by the cost of new assets on line in 1H 2014 Production costs DD&A million million 17.10/ 450 450 9 boe 15.32/ 22 12 14.85/ 33 21 boe 13.70/ boe…
2014 First-half Underlying profit up 3% to 258 million financials Half-year NPAT and underlying profit Reconciliation of half-year underlying profit million million 300 400 271 271 35 -29 251 258 -21 300 41 -28 9 200 206 258…
2014 First-half Highest ever first-half operating cash flow of financials 744 million Operating cash flow Reconciliation of operating cash flow million million 800 1,200 516 6 -15 -349 18% 744 271 600 629 800 -24 -19 744 400…
Capital expenditure Capex of 1,862 million1 in 1H 2014, full year guidance of 3.5 billion is maintained Full year capital expenditure Breakdown of 1H 2014 capital expenditure (excludes capitalised interest) Abillion Other EA2 0.23…
Strong business outlook LNG projects are providing the foundation for further growth and increased shareholder returns Clear production growth outlook Growing margins Robust funding position provides the capacity to fund…
Delivering major projects David Knox Managing Director and Chief Executive Officer LNG jetty, Curtis Island
2014 Highlights Three projects delivered, GLNG progressing well and exploration success in the Browse Vietnam oil Malaysia Dua project delivered on Farm-in to Block S, first schedule in July 2014 exploration well in Q4 2014…
PNG LNG project Successful delivery of the project in April 2014. 20 cargoes have been shipped since start-up PNG LNG plant 17 2014 HALF-YEAR RESULTS
PNG Drilling Drilling complete on the Hides G-pad wells and PWD well. Hides Deep expected to be spudded in Q4 2014 PNG LNG Drilling All eight Hides development wells successfully drilled to TD Six of these are on production with…
GLNG project summary The GLNG project is more than 85% complete and on track for first LNG in 2015 Project Santos (30% and operator), partners PETRONAS, Total and KOGAS LNG plant 7.8 mtpa of LNG; 7.2 mtpa has been capacity sold to…
GLNG upstream Construction of two upstream gas hubs is complete and commissioning is underway 77 wells were spudded in 1H 2014 Performance of Fairview wells continues to exceed expectations average optimum gas capacity of 2.2…
GLNG downstream Pipeline commissioning commenced, with LNG plant commissioning on track for Q4 2014 Milestone Date Marine crossing tunnelling February 2014 completed Last Train 1 module set June 2014 First LNG tank hydrotest…
Browse Basin Significant gas-condensate discovery with the Lasseter-1 well, adding to Santos material resource position in the Browse Lasseter gas-condensate discovery Well intersected a gross gas-condensate section of 405 metres…
Cooper Basin Building knowledge and technological capacity to unconventional crack the code; second horizontal successfully fracced exploration program Two shale wells are on line and producing Moomba 192 Moomba-191 on line since…
First-half summary PNG LNG start-up ahead of schedule and strong progress on GLNG enables significant lift in interim dividend Safety LTIFR of 0.6 per million hours worked PNG LNG start-up ahead of schedule with first cash flow…
Reference slides 22 August 2014
Significant items after tax million Half-year 2014 Half-year 2013 Net profit after tax 206 271 Add/(deduct) significant items Net impairments 67 (8) Other (15) (12) Underlying profit 258 251 26 2014 HALF-YEAR RESULTS
Strong funding position 2.7 billion in balance sheet capacity to fund execution of business strategy and minimise financing risk. Minimal debt maturities to 2016 Available liquidity Debt maturity profile Notes mature in 2070, with…
2014 guidance All 2014 guidance is unchanged Item 2014 guidance Production 52-57 mmboe Production costs 820-880 million DD&A expense 18.50/boe Royalty related taxation expense1 (after tax) 60 million Capital expenditure…
2014 exploration schedule Delivers on our play-based exploration strategy across Australia and south-east Asia Santos Well Name Basin / Area Target Interest Result/Timing % Manta-1 PNG Gas 301 Gas discovery Gas discovery, Mt…
Contact information Head Office Adelaide Andrew Nairn Ground Floor, Santos Centre Group Executive Investor Relations 60 Flinders Street Direct: + 61 8 8116 5314 Adelaide, South Australia 5000 Email: andrew.nairnsantos.com GPO Box…
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