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2010 Full Year Results – Santos Limited

Santos Limited · Feb 17, 2011 · 17 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. 2010 Full Year Results – Santos Limited – slide 1
    2010 Full-year Results David Knox Managing Director & CEO Underlying net profit up 46% 2010 Full-year Result Change on 2009 Production 49 9 mmboe 49.9 (8%) Sales Revenue 2,228 million 2% EBITDAX 1,672 million 5% Net Profit…
  2. 2010 Full Year Results – Santos Limited – slide 2
    The Santos strategy Using quality assets, Santos will safely deliver: Base business Eastern Australia: Margin growth and resource conversion Indonesia: Established business with incremental growth WA: Growing a material domestic gas…
  3. 2010 Full Year Results – Santos Limited – slide 3
    Safety performance Santos TRCFR performance (Employees & Contractors) 7 6 5 TRCFR 4 3.3 3 2 1 0 2006 2007 2008 2009 2010 7 Transforming to oil-linked pricing 70% of 1.4bn boe 2P reserves Asset base is…
  4. 2010 Full Year Results – Santos Limited – slide 4
    2010 Full-year Results Andrew Seaton CFO Reported & underlying profits Reported NPAT Underlying NPAT m 500 500 434 163 (39) 400 (5) 376 300 257 200 100 0 2009 2010 2009 Prices & Wet Operating 2010 foreign weather…
  5. 2010 Full Year Results – Santos Limited – slide 5
    Production impacted by flooding Production in line with Production guidance mmboe 60 Total wet weather and 54.4 (2.9) (2.1) 2.0 (1.5) 49.9 flood impact on Cooper 50 Basin was 2.9 mmboe 40 Stronger gas 30 production in WA and…
  6. 2010 Full Year Results – Santos Limited – slide 6
    Production cost and cost of sales Production costs Total cost of sales m m 600 1600 532 532m 537m 24 70 24.70 23.67 per boe 500 per boe 9.78 10.77 1400 Gas Purchases / boe / boe 400 300 1200 Cost of produced 200…
  7. 2010 Full Year Results – Santos Limited – slide 7
    DD&A declines by 17 million Lower depletion primarily Volume Rate due to lower production m volumes 612 (36) 19 595 700 Partially offset by impact of higher rates 600 2011 guidance 12/boe 500 400 300 200 100 0 2009…
  8. 2010 Full Year Results – Santos Limited – slide 8
    Reserves growth and resource conversion Revisions & Acq/ q/ mmboe Divest Expl Acq mmboe Prod Revisions Dives 2498 (130) (110) (5) 8 2261 1440 (50) 35 130 (110) 1445 3000 2000 Commercialisation Commercialisation 2500 1500…
  9. 2010 Full Year Results – Santos Limited – slide 9
    2010 Full-year Results David Knox Managing Director & CEO Base production grows to record levels Four projects in the base commence production in 2011 Project Santos Gross First Production (mmboe) interest production…
  10. 2010 Full Year Results – Santos Limited – slide 10
    Reindeer/Devil Creek, WA Reindeer/Devil Creek WAs new domestic gas hub Project Reindeer/Devil Creek Location Carnarvon Basin, offshore ff WA Santos interest 45% Partner Apache 55%, operator Project scope Unmanned, minimum facility…
  11. 2010 Full Year Results – Santos Limited – slide 11
    Chim So, Vietnam Chim Sao New oil production for Santos Project Chim So Location Block 12W, offshore Vietnam S Santos i interest 31 875% 31.875% Partners Premier 53.125%, operator PetroVietnam 15% Project scope Unmanned, minimum…
  12. 2010 Full Year Results – Santos Limited – slide 12
    LNG is a key component of Santos growth strategy Strategy Bonaparte LNG Components 2 mtpa FLNG PNG LNG Santos 40% with carry to FID Sanctioned Dec 2009 6.6 mtpa two trains Deliver the First LNG due 2014 Darwin LNG Base Business…
  13. 2010 Full Year Results – Santos Limited – slide 13
    GLNG 7.8 mtpa 2-train GLNG project sanctioned January 2011 FID 13 Jan 2011 7.8 mtpa, p , two trains Santos 30% Binding LNG off-take agreements with PETRONAS & KOGAS for 7mtpa in aggregate Major EPC contracts awarded to Fluor,…
  14. 2010 Full Year Results – Santos Limited – slide 14
    GLNG 2P reserves for two trains 2P Reserves (PJ) 5,009 2P CSG reserves at 10,000 Actual Projected Dec-101 - NSAI estimated higher 2P 8,000 reserves of 5,377 PJ as at end Oct-101 6,000 In addition to CSG reserves, Santos to…
  15. 2010 Full Year Results – Santos Limited – slide 15
    Summary Continued delivery of Santos growth strategy Sound operating performance despite Central Australia flooding FID on 7.8 mtpa 2-train GLNG delivered in January PNG LNG construction ramping-up Four projects in the base business…
  16. 2010 Full Year Results – Santos Limited – slide 16
    Significant items (after tax) m 2010 2009 Underlying y g profit p 376 257 Significant items 124 177 Net profit after tax 500 434 Significant items included: Net gains on asset sales 214 180 Impairment of non-current assets (101)…
  17. 2010 Full Year Results – Santos Limited – slide 17
    2011 Sensitivities Sensitivity Change NPAT Impact Am US dollar oil price US1/bbl 9 Gas price 10 cent/GJ 17 A/US exchange rate 1 cent 8 35 Contact information Head office Andrew Nairn Adelaide Group Executive Investor Relations…

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