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1H 2014 FINANCIAL RESULTS – Kazmunaigas Exploration Production

Kazmunaigas Exploration Production · Aug 11, 2014 · 12 slides

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Slides

  1. 1H 2014 FINANCIAL RESULTS – Kazmunaigas Exploration Production – slide 1
    JSC KazMunaiGas Exploration Production 1H 2014 Financial results August 2014
  2. 1H 2014 FINANCIAL RESULTS – Kazmunaigas Exploration Production – slide 2
    Recent developments Operating Consolidated production in 1H14 was 6.1mn tonnes (250kbopd), including 4.0 mn tonnes (163 kbopd) produced at OMG and EMG, in line with the production plan. Consolidated production plan for 2014 is 12.3 mn…
  3. 1H 2014 FINANCIAL RESULTS – Kazmunaigas Exploration Production – slide 3
    1H 2014 Key Figures 1H14 1H13 YoY, % 1Q14 2Q14 QoQ, % Brent /bbl 109 108 1% 108 110 1% KMG EP production kbopd 163 160 2% 162 164 1% JVs production kbopd 86 89 -3% 88 84 -5% KMG EP export % 74% 72% Na 74% 74% Na JVs export % 52% 88% Na…
  4. 1H 2014 FINANCIAL RESULTS – Kazmunaigas Exploration Production – slide 4
    1H 2014 production in line with the plan kbopd 247 251 251 248 248 37 36 33 33 PKI 39 19 19 20 19 19 CCEL 33 33 31 32 33 KGM 57 56 57 57 57 EMG OMG 100 105 106 107 108 2012 2013 1Q14 2Q14 2014B th. tonnes 12,191…
  5. 1H 2014 FINANCIAL RESULTS – Kazmunaigas Exploration Production – slide 5
    1H 2014 Revenue Sales by route, th. tonnes Higher revenue is due to 3% increase in export 1,978 2,002 3,980 3,954 volumes (mainly CPC route) and higher export and 26% 519 26% 523 26% 1,042 28% 1,096 domestic sales prices Revenue in…
  6. 1H 2014 FINANCIAL RESULTS – Kazmunaigas Exploration Production – slide 6
    Lifting costs*, OMG and EMG, /bbl Lifting costs1, OMG EMG, /bbl 15.1 15.1 14.9 15.4 In 1H14 employee benefits increased due to: 1.6 1.5 1.4 Expected salary indexation by 7% from Jan. 1, 2014 1.5 1.5 6.1 increase in 1.5 and 10% salary…
  7. 1H 2014 FINANCIAL RESULTS – Kazmunaigas Exploration Production – slide 7
    Share of JVs income US218 m in 1H14 compared to US193m in 1H13 1H14, USm KGM PKI Total Lower revenue mainly due to increased domestic supply obligations in 1H14. Net income, 100% 287 349 Na KMG EP share in net income 144 115 259 Lower…
  8. 1H 2014 FINANCIAL RESULTS – Kazmunaigas Exploration Production – slide 8
    Claims, fines and penalties Claim 2013 2014 2015 KZT bn US bn Jan May Jul Nov Jan Feb Mar Apr Jun J A S ON D J F MAM J J A S ON D OMG 327.9 1.8 T327,9 bn OMG appeal EA appeal EA appeal Based on the previous experience and Kazakh…
  9. 1H 2014 FINANCIAL RESULTS – Kazmunaigas Exploration Production – slide 9
    Financial summary USm unless otherwise indicated 1Q 2013 2Q 2013 3Q 2013 4Q 2013 2013 1Q 2014 2Q 2014 1H 2014 Production at Core assets (kbopd) 158 163 165 164 162 162 164 163 Revenue 1,342 1,202 1,455 1,368 5,368 1,301 1,335 2,635…
  10. 1H 2014 FINANCIAL RESULTS – Kazmunaigas Exploration Production – slide 10
    Summary of JVs financial results USmn 1Q13 2Q13 3Q13 4Q13 2013 1Q14 2Q14 1H14 Kazgermunay Revenue 638 571 605 634 2,448 395 387 781 Operating expenses (353) (402) (355) (377) (1,495) (198) (164) (362) Income taxes (99) (70) (109) (77)…
  11. 1H 2014 FINANCIAL RESULTS – Kazmunaigas Exploration Production – slide 11
    Reference information Share information, 30/06/2014 Contacts Total Treasury Corporate website: Number of ordinary shares 70,220,935 4,124,586 www.kmgep.kz Number of preferred shares 4,136,107 2,073,276 GDRs per one ordinary share 6…
  12. 1H 2014 FINANCIAL RESULTS – Kazmunaigas Exploration Production – slide 12
    Abbreviations list AGM Annual General Meeting of shareholders bbl barrel mmbbl million barrels bn bbl billion barrels bopd barrels per day EGM Extraordinary General Meeting of shareholders kbopd thousand barrels per day US m million US…

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