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PRESENTATION OF FIRST QUARTER 2012 RESULTS – QGEP Participacoes SA

QGEP Participacoes SA · May 10, 2012 · 15 slides

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Slides

  1. PRESENTATION OF FIRST QUARTER 2012 RESULTS – QGEP Participacoes SA – slide 1
    Presentation of First Quarter 2012 Results May 10, 2012
  2. PRESENTATION OF FIRST QUARTER 2012 RESULTS – QGEP Participacoes SA – slide 2
    Agenda Subject Speaker Performance Overview Jose Augusto Fernandes (CEO) Q1 Highlights Lincoln Guardado (Exploration Asset Update Director) Financial Results Paula Costa (CFO) Strategic Growth Plans Jose Augusto Fernandes…
  3. PRESENTATION OF FIRST QUARTER 2012 RESULTS – QGEP Participacoes SA – slide 3
    Q1 2012 Overview - - Strong start to 2012 - - All six Manati Field wells in production Improved year-on-year financial performance across key metrics Announcement of Carcar oil discovery Drilling activities underway at important…
  4. PRESENTATION OF FIRST QUARTER 2012 RESULTS – QGEP Participacoes SA – slide 4
    Increased Production at Manati Field Daily Gas Production (MM m3 per day) Average 2010: 6.2 MM m3 per day 6.6 6.7 5.9 5.6 Average 2011: 4.1 MM m3 per day 5.2 4.7 4.1 4.2 3.5 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12…
  5. PRESENTATION OF FIRST QUARTER 2012 RESULTS – QGEP Participacoes SA – slide 5
    BM-S-12: Ongoing Drilling Targeting Pre-salt Reservoirs Santos Basin Location Consortium: - QGEP (30%) - Petrobras (70%) - Operator; Prospects Santos 4: 40% of GCOS Mean Risked Prospective Resources (MM boe) Jpiter Santos 2…
  6. PRESENTATION OF FIRST QUARTER 2012 RESULTS – QGEP Participacoes SA – slide 6
    BM-S-8: Promising Area with Several Discoveries Nearby Santos Basin Contingent and Prospective Resources Santos 01 Partners: - Petrobras (66%) - Operator; - Petrogal (14%) - QGEP (10%) Santos 03 - Barra Energia (10%)…
  7. PRESENTATION OF FIRST QUARTER 2012 RESULTS – QGEP Participacoes SA – slide 7
    BM-J-2: Pre-salt Targets 2 Prospects Lithology Forecast Alto de Canavieiras: 29% of GCOS Alto Externo: 24% of GCOS Working Interest: 100% QGEP Operator Restart Alto de Canavieiras: planned for 2Q13 Risked Prospective…
  8. PRESENTATION OF FIRST QUARTER 2012 RESULTS – QGEP Participacoes SA – slide 8
    BS-4: Operator in a Deep Water Block Santos Basin Privileged Location Atlanta and Oliva fields Oil in Place: 2.1 billion bbl Exploratory potential in the pre-salt Partners: - QGEP (30%) - Operator - Petrobras (40%) - Barra…
  9. PRESENTATION OF FIRST QUARTER 2012 RESULTS – QGEP Participacoes SA – slide 9
    Financial Results 9
  10. PRESENTATION OF FIRST QUARTER 2012 RESULTS – QGEP Participacoes SA – slide 10
    1Q12 Manati Field Production Gas production Net Revenue (R million) (Millions of m3) -33.7% -25.4% 1,017.5 387.5 675.1 +28.1% 289.0 +35.0% 167.0 213.8 96.0 71.1 2010 2011 1Q11 1Q12 2010 2011 1Q11 1Q12 Revenues: Gas…
  11. PRESENTATION OF FIRST QUARTER 2012 RESULTS – QGEP Participacoes SA – slide 11
    1Q12 Operating Results EBITDAX Net Income 200.0 (R million) 150.0% (R million) 148.0 150.0 350.0 301.2 150.0% 100.0% 300.0 92.1 72% 250.0 100.0% 100.0 200.0 78% 69.2 142.5 67% 50.0% 150.0 39% 38% 64.3 50.0% 50.0 32% 19% 100.0…
  12. PRESENTATION OF FIRST QUARTER 2012 RESULTS – QGEP Participacoes SA – slide 12
    Operating & Exploratory Costs 1Q12 1Q11 % Operating Costs (38.3) (27.0) 42.1% Other Operating Expenses: G&A (10.7) (29.5) -63.8% Oil & Gas Exploratory Costs (3.0) (14.8) -79.5% Other Net Operational Expenses - (0.3) N/A…
  13. PRESENTATION OF FIRST QUARTER 2012 RESULTS – QGEP Participacoes SA – slide 13
    Net Cash Position (R million) December 31, 2011 March 31, 2012 R 1,202.0 R 1,098.5 R 964,9 R 891,5 Cash Debt Net Cash* Cash** Debt Net Cash* -R 103.6 -R 73,4 Votorantim 6% Investments BNB Exclusive funds and fixed…
  14. PRESENTATION OF FIRST QUARTER 2012 RESULTS – QGEP Participacoes SA – slide 14
    2012: Another Year of Progress Two 100% exploratory capacity at wells underway Manati Field with excellent prospects Farm-in Development opportunities of and future ANP Block BS-4 bidding rounds 14
  15. PRESENTATION OF FIRST QUARTER 2012 RESULTS – QGEP Participacoes SA – slide 15
    For additional information: Investor Relations QGEP Participaes S.A. Av. Almirante Barroso, n 52, sala 1301, Centro Rio de Janeiro, RJ CEP: 20031-918 Phone - IR: 55 21 3509-5959 Fax: 55 21 3509-5958 E-mail: riqgep.com.br…

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