2013 Second Quarter Results Conference Call Presentation - August 13, 2013 Michael Hession - CEO
Opening Remarks Dr. Michael Hession - CEO Page 3
Group Activity and Results Second Quarter 2013 Results and Operations Highlights: Strong track record of safety and has achieved over 9 million man hours without a lost time injury. Net loss for the quarter of 13.2 million compared to…
New Leadership Focused On Value Creation Strong management team Dr. Michael Hession joined InterOil as Chief Executive Officer after working for BP and Woodside on LNG megaprojects for 25 years. Isikeli (Keli) Taureka joined InterOil…
Streamline Businesses To Focus On Core PNG Based Activities Midstream Upstream Refining Exploration Downstream Resource Operated LNG Distribution Monetization Non-Operated LNG Streamline support services non-essential to…
Group Quarterly Consolidated Results Net Profit - Trend 3 years 40 30 20 10 0 2Q:13 1Q:13 4Q:12 3Q:12 2Q:12 1Q:12 4Q:11 3Q:11 2Q:11 1Q:11 4Q: 10 3Q:10 Millions -10 -20 -30 -40 -50 -60…
Financial Position Total book assets 1.3 billion and liabilities 540 million Debt to capital ratio 18% Current ratio 1.5 times Quick ratio 0.9 times Page 9
Change in Current Assets less Current Liabilities Six Months Ended June 30, 2013 200.0 160.0 69m 130m 122m 79m 120.0 US Dollars (Millions) 80.0 6m 12m 40.0 - Opening CA - CL Invest Gulf Project and Operating Cash…
Group Debt Optimization Capacity Current 18% Geared 50% Geared Open Debt Borrowing Level Borrowing Level Capacity=32% Debt Quantum (m) 172 768 596 Capacity to increase debt levels On July 17 2013 we entered into a 350 million…
Refinery and Distribution Business Segment Update Bill Jasper - President Page 12
Refining and Distribution Operations Safety Record Our continued safety focus has helped us achieve these great levels of performance and we now have achieved over 9 million man hours without a lost time injury for our InterOil…
Upstream Operations David Holland Page 15
Exploration Program Resuming exploration activity and preparing to drill Wahoo and other prospects. Working crew moving on site. Ongoing seismic work jointly with Oil Search at Triceratops, which is InterOils third discovery in…
Surrounding Leads and Prospect Inventory to Fuel Long-Term Growth Page 17
Closing Remarks Michael Hession CEO Page 18
InterOil creates value for shareholders in a vertically integrated oil and gas company operating in PNG with major discoveries and significant exploration potential Thank You