2012 Delivery Production growth Production up 10% to 52.1 mmboe Record sales revenue up 18% to 3.2 billion Earnings growth Underlying net profit up 34% to 606 million Cashflow growth Operating cashflow up 32% to 1,658 million…
Safety performance Lost time injuries at five-year low Safety performance Rate per (employees and contractors) million hours Record 19 million work worked hours in 2012 8 Total recordable case frequency LTIFR at 5-year low rate…
2012 Full-year results Andrew Seaton CFO
Underlying net profit up 34% to 606m 2012 Full-year result Change on 2011 Production 52.1 mmboe 10% Sales revenue 3,220 million 18% EBITDAX (excluding asset sales) 1,869 million 17% Net profit after tax 519 million 31%…
Production increased by 10% Production mmboe 60 53-57 54.4 54.4 49.9 52.1 47.2 45 30 15 0 2008 2009 2010 2011 2012 2013 guidance 2012 production up 10%, driven by Carnarvon gas, Chim So and Cooper oil 2013 guidance…
Sales revenue increased by 18% Sales revenue million 3,600 3,220 2,981 2,721 2,700 2,333 2,364 1,800 900 0 2008 2009 2010 2011 2012 Oil Sales gas, ethane and LNG Condensate and LPG Sales revenue up 18% to a record…
Underlying net profit up 34% million Net and underlying profit after tax 1200 1,800 1,650 1000 800 753 606 600 548 500 519 434 453 400 376 257 200 0 2008 2009 2010 2011 2012 NPAT Underlying NPAT Full-year underlying…
Net profit reconciliation Net profit after tax million 1,000 71 13 (400) 89 (32) (22) 800 753 22 600 25 519 400 200 0 2011 Prices and Volume Production Depreciation Taxes Other Gain on asset Impairment 2012 foreign…
Production costs up as new assets on line Production costs Breakdown of 2012 cost increase million /boe 660 630-660 14 61m 600 556 New 543 532 537 12 assets 12.7 500 11.8 11.7 10.8 10 10.0 9.8 400 8 300 6 29m Shut- 25m 200…
Strong growth in operating cashflow Operating cashflow million 2,000 1,658 1,500 1,385 1,273 1,253 1,155 1,000 500 0 2008 2009 2010 2011 2012 Operating cashflow up 32% to 1,658 million due to higher sales receipts…
Capital expenditure Capital expenditure million (includes capitalised interest) 4,500 4,220 Capitalised interest 4,000 Exploration 3,359 Asia 3,069 WA&NT 3,000 Eastern Australia 1,882 PNG LNG 1,629 1,557 1,500 GLNG 0…
GLNG capex effectively hedged 70% A capex, hedged by A cashflows & A2.2bn cash GLNG US18.5 billion1 capex by currency GLNG capex from FID to end 2015 Euro At FID FX rates1 At spot FX rates2 USD USbn Abn Abn AUD 100% Project…
5.8 billion of funding capacity Balance sheet capacity to fund execution of current business strategy and minimise financing risk Available liquidity Debt maturity profile A billion A million 1.0 6 1,800 Notes mature in 0.5 2070,…
2013-15 Sources and uses of funds No requirement for additional funding 2013-15 Sources and uses of funds 2013-15 Sources and uses of funds at US100/bbl oil A billion at US75/bbl oil A billion 12 12 2.9 billion Undrawn facilities…
2P reserves increased to 1,406mmboe 180% 2P reserves replacement in 2012 260% from 2003 to 2012 Santos 2P reserves 2P reserves reconciliation 2003 to 2012 mmboe mmboe 1,600 1,600 1,379 (129) 1,440 1,445 1,406 1,406 1,364 1,200…
GLNG reserves and resources GLNG has over 8,300 PJ of dedicated 2P reserves and 2C resources at the end of 2012 GLNG dedicated 2P & 2C GLNG dedicated 2P reserves grew (GLNG share) PJ by 12% in 2012 to 6,721 PJ 10,000 9,491 9,295…
Strong growth in Cooper Basin reserves Cooper Basin 2P sales gas reserves up 40% in two years, in a time of rising east coast gas demand Cooper Basin 2P sales gas reserves (Santos share) PJ 1,400 Added 479 PJ Santos share 1,213 2P…
Offshore installation vessel, Fletcher Finucane Delivering the strategy David Knox Managing Director & CEO
Santos vision and strategy LNG markets LNG CHANNEL DOMESTIC CHANNEL Focused Strong Asian A leading Australian growth energy base company in Australia and Asia A leading gas producer in high-growth markets 21
Delivering 80-90 mmboe of production by 2020 6% CAGR production growth 2011-2020 Upside potential Aust: Zola, Winchester, Sole, Pedirka Basin mmboe LNG: PNG LNG T3, Browse, Caldita Barossa 90 Asia: Vietnam, Indonesia CSG 80 Likely…
Fletcher Finucane first oil ahead of schedule Project is over 85% complete and first oil is expected ahead of schedule by mid-2013 Santos 44% and operator Three-well subsea tieback to Mutineer-Exeter FPSO FPSO is undergoing planned…
Dua on track for first oil in first half of 2014 Project is over 35% complete and on track Santos 31.875%, Premier Oil operator Dua field located 15km NE of Chim So Three-well subsea tieback to Chim So FPSO Installation of the…
PNG LNG on track for first LNG in 2014 Project is over 75% complete Santos 13.5%, ExxonMobil 33.2% and operator Recent milestones include: Komo nearing completion ahead of first cargo flights Major foundations at Hides Gas…
Komo airfield nearing completion 26
Upstream construction progressing 27
LNG plant construction well advanced 28
GLNG on track for first LNG in 2015 Project is 47% complete Key milestones delivered in 2012: Over 15 million work hours worked across the project 5,200 people working on the project at year end 40% reduction in drilling costs for…
30 wells completion rigs 200 wells in 2013 drilling rigs and four 40% reduction in drilling Current rig fleet of eight Expect to drill more than cost for Fairview deviated 2012 were deviated wells 30% reduction…
Upstream construction Fairview and Roma gas hubs progressing well Two hubs at Fairview and one at Roma sanctioned at FID 565 TJ/day gross compression capacity in addition to 170 TJ/day existing gross capacity at Fairview and Scotia…
Gas transmission pipeline 420 kilometre pipeline on track for Q2 2014 completion 420 kilometre 42 pipeline All pipeline manufactured and landed in Queensland 900 people working on pipeline at the end of 2012 Mainland section: 143…
Curtis Island 1 February 33 2013
Trains 1 and 2 1 February 34 2013
LNG Tanks Pictures Key milestones delivered in 2012: 1 February 35 2013
GLNG on track for first LNG in 2015 Milestone Date First Curtis Island works May 2011 First permanent structural concrete for Feb 2012 Train 1 propane refrigeration compressors First concrete for LNG tanks LNG Tank B July 2012 First…
Unconventional acreage footprint Since 2009 Santos has increased its unconventional acreage footprint onshore Australia four-fold to 231,000km2 (57m acres) McArthur Basin Cooper Basin Liquids-rich shale Success with play Moomba-191…
Cooper Basin REM shale play Program designed to replicate Moomba-191 success Moomba-191 gas production rate Moomba-191 continues to produce at stable mmscf/day 3.5 2.3 mmscf/day rate Roswell-1 vertical 3 monitoring well 2.5…
Cooper - Basin centred gas discovery Gaschnitz-1 exploration well confirms continuous gas accumulation in Nappamerri Trough; prospective multi-TCF basin centred gas play Gaschnitz-1 successfully cased and suspended - Upside…
Browse: Crown success unlocks material play Significant gas discovery at Crown, Bassett West drilling ahead Crown gas discovery (Santos 30% and operator) Dufresne Bassett West - 61 metres of net pay in Argus Jurassic-aged Montara,…
Summary Strong year of delivery with base business performing well; further production growth expected in 2013 All growth projects on track; Fletcher Finucane first oil ahead of schedule Strong balance sheet to fund growth; PNG…
Reference slides
Eastern Australia Higher Cooper oil production, higher gas prices and early success with shale gas program Production EBITDAX (mmboe) (million) Steady production of 22.3 mmboe as 666 higher Cooper Basin oil production 22.4 22.3 633…
Western Australia & Northern Territory Production growth driven by record Carnarvon gas output Production EBITDAX (mmboe) (million) 18.7 Production increased by 18%, 791 792 driven by strong gas production at 15.8 John…
Asia Pacific Chim So drives higher oil production and EBITDAX Production EBITDAX (mmboe) (million) 372 Production up 24%, driven by a full 9.3 year of oil production from Chim So in Vietnam partially offset by lower 7.5 Indonesian…
2013 guidance Item 2013 guidance Production (mmboe) 53-57 Production costs (million) 630-660 DD&A expense (/boe) 16.50 Royalty related taxation expense1 50 (million after tax) Capital expenditure (including 4 billion…
2013 exploration schedule Well name Basin / area Target Santos Interest Timing % Bassett West-1 Browse Gas 30 Drilling Winchester-1 Carnarvon Gas 75 Q1 Dufresne-1 Browse Gas 30 Q2 Q3 Cooper unconventional Cooper Gas 66.6 Q1 Q3…
Significant items after tax Full-year Full-year million 2012 2011 Net profit after tax 519 753 Add/(deduct) significant items Net gains on asset sales (8) (408) Net impairments 77 102 Other 18 6 Underlying net profit 606 453 2012…
2013 full-year sensitivities Sensitivity Change NPAT impact Amillion US oil price +/-US1/bbl +/-12 A gas price +/-10 cents/GJ +/-13 A/US exchange rate +/-1 cent -/+12 50
Contact information Head office Adelaide Andrew Nairn Ground Floor, Santos Centre Group Executive Investor Relations 60 Flinders Street Level 10, Santos Centre Adelaide, South Australia 5000 Direct: + 61 8 8116 5314 GPO Box 2455 Email:…
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