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SBERBANK TROIKA CONFERENCE 2012 – Novatek

Novatek · Sep 10, 2012 · 33 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. SBERBANK TROIKA CONFERENCE 2012 – Novatek – slide 1
    Russias Natural Gas Frontiers: Harnessing the Energy of the Far North Mark Gyetvay, Chief Financial Officer & Member of the Board Troika Dialog/SBERBANK Russia: The Inside Track Investor Conference London, UK 10 - 11 September 2012
  2. SBERBANK TROIKA CONFERENCE 2012 – Novatek – slide 2
    Value Formula 25 year R/P life (P1), 41 year R/P life (P1+P2) 1,321 bcm P1 Gas reserves 50% Total Proved Developed Reserves Low-risk Efficient Natural gas will remain Assets 5.4 tcm of natural gas2 the fuel of choice in 717 mmt…
  3. SBERBANK TROIKA CONFERENCE 2012 – Novatek – slide 3
    Leading Industry Reserve Efficiency 3-YR avg. reserve replacement rate, % 3-YR avg. F&D costs per boe NOVATEK 597% Lukoil 69.6 Chesapeake 458% Nexen 34.9 SWE 416% Apache 29.9 EOG 277% Anadarko 15.2 BG Group 217% Pioneer 14.3…
  4. SBERBANK TROIKA CONFERENCE 2012 – Novatek – slide 4
    Reserve Growth, mm boe Proved Reserve Changes (SEC) Total reserves by category 15,409 2010 Termokarstovoye field 13,386 41 years 2009 South-Tambeyskoye field (51%) 10,589 Reserve to Production Life 2010 SeverEnergia…
  5. SBERBANK TROIKA CONFERENCE 2012 – Novatek – slide 5
    Production All Fields1 Natural gas production, bcm Gas condensate and crude oil production, mmt 2015F 2020F 2015F 2020F NOVATEK plans to more than double gas production and triple liquids production by 2020 Note 1:…
  6. SBERBANK TROIKA CONFERENCE 2012 – Novatek – slide 6
    Yurkharovskoye field production growth Yurkharovskoye field infrastructure Fields natural gas production, bcm 31.1% 35 32.0 30 24.4 25 20 17.7 17.0 15 11.5 9.6 10 5 0 2007 2008 2009 2010 2011 1H 2012 Fields gas…
  7. SBERBANK TROIKA CONFERENCE 2012 – Novatek – slide 7
    Yurkharovskoye field drilling program New Yurkharovskoye drilling program Old Yurkharovskoye drilling program - Horizontal wells with long perforated liners - Directional wells with short perforated liners - Big diameter wells - Average…
  8. SBERBANK TROIKA CONFERENCE 2012 – Novatek – slide 8
    Yamal & Gydan Peninsula Resources Russian Reserve Classification ABC1+C2 Natural gas, bcm North-Obskiy Rusanovskoye Malyginskoye Leningradskoye Tasiyskoye Seyadorskoye North Tambeyskiy Russian Reserve/Resource Appraisal of New…
  9. SBERBANK TROIKA CONFERENCE 2012 – Novatek – slide 9
    Utrenneye & Geofizicheskoye Fields1 Gas production, bcm Gas condensate production, mmt F F Capital expenditures2, RR billion Preliminary Development Plans3 Flexible development options, pipeline (UGSS) or LNG Gas/gas…
  10. SBERBANK TROIKA CONFERENCE 2012 – Novatek – slide 10
    Yamal LNG 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Concept, surveys, pre-FEED FEED, State expertise review, construction permit Final Investment Decision (FID) Early detailed engineering, EPC LNG plant startup by trains…
  11. SBERBANK TROIKA CONFERENCE 2012 – Novatek – slide 11
    Target FID in 4Q 2012 2011 Results 2012 Goals Exploration & Development Exploration & Development 3D seismic - 250 square km (Northern dome) Drilling and testing of 3 exploration wells Subsurface and hydrodynamic modeling…
  12. SBERBANK TROIKA CONFERENCE 2012 – Novatek – slide 12
    Yamal LNG Production Facility Integrated facility at Sabetta Gas treatment and liquefaction facility Onshore LNG plant: three production trains of 5.0 mmt per annum each 1 mmt per annum stable gas condensate production…
  13. SBERBANK TROIKA CONFERENCE 2012 – Novatek – slide 13
    Onshore LNG plant infrastructure Technological preparation complex and liquefaction of natural gas Modular design and construction of LNG plant Construction of onshore facilities in permafrost using pile foundations Three LNG…
  14. SBERBANK TROIKA CONFERENCE 2012 – Novatek – slide 14
    Port of Sabetta Construction Plan A key strategic facility for receiving goods and exporting products Start of construction of the port facilities commencing July 2012 First stage: constructing piers for the acceptance of large…
  15. SBERBANK TROIKA CONFERENCE 2012 – Novatek – slide 15
    Port of Sabetta Infrastructure Diagram Seaway and approach channels Port facilities, berths and harbor Government facilities 6 3 Administrative Yamal 1 facilities peninsula Ice protection 3 construction 4 2 4 Port harbor…
  16. SBERBANK TROIKA CONFERENCE 2012 – Novatek – slide 16
    South-Tambeyskoye Field Natural gas production1, bcm 3391 118 Northern Dome 115 3392 8394 3393 4392 87 2391-2 86 4391 8392 6391 5392 83933394 8391 116 3221 82 5391 3222 84 3223 3224 93 4221…
  17. SBERBANK TROIKA CONFERENCE 2012 – Novatek – slide 17
    Field Development Development parameters Optimize drilling and surface facilities Production of 25.2 bcm per annum (at plateau); Old New 204 producing wells; No. of drilling rigs 8 5 Directional wells (avg. horizontal displacement -…
  18. SBERBANK TROIKA CONFERENCE 2012 – Novatek – slide 18
    Yamal LNG Carrier Concept Based on operational experience from ice class tankers at Lukoils Varandey project (Barents Sea) and Norilsk Nickels arctic operations Main concept - Double Acting Ship (DAS): Bow forward movement in open…
  19. SBERBANK TROIKA CONFERENCE 2012 – Novatek – slide 19
    NOVATEK LNG Strategy Implementation Natural gas spot price1, /mmbtu Summer transportation route to target markets, liquids & LNG All season transportation route to target markets, liquids & LNG Transportation routes to other…
  20. SBERBANK TROIKA CONFERENCE 2012 – Novatek – slide 20
    Russian Natural Gas Supply & Demand Russian Natural Gas Supply, bcm 704 785 882 2011 2015F 2020F Russian Natural Gas Demand, bcm 704 785 882 21
  21. SBERBANK TROIKA CONFERENCE 2012 – Novatek – slide 21
    Domestic Natural Gas Sales End-Customer Sales Breakdown 22
  22. SBERBANK TROIKA CONFERENCE 2012 – Novatek – slide 22
    Market Presence (Forecast for Primary Regions) 23
  23. SBERBANK TROIKA CONFERENCE 2012 – Novatek – slide 23
    NOVATEKs Domestic Gas Deliveries, bcm 2011 2015F 2020F 3% 12% 53.7 72 90 40% 45% 24
  24. SBERBANK TROIKA CONFERENCE 2012 – Novatek – slide 24
    Appendix: Financial and Operational Results 25
  25. SBERBANK TROIKA CONFERENCE 2012 – Novatek – slide 25
    NOVATEKs Hydrocarbon Reserves Historical natural gas reserve1 growth PRMS Independent Reserve SEC Appraisal1, 31.12.2011 Proved+ Proved Probable Probable bcm 1 321 1 585 523 2 108 Natural gas tcf 47 56 18 74 mmt 91 118…
  26. SBERBANK TROIKA CONFERENCE 2012 – Novatek – slide 26
    World Class Reserve Metrics Reserve Replacement Costs Reserve Replacement Rate Reserve Life, (3-year average),/boe (3-year average), % years 30 29 17.2 597% 16.6 16.6 25 25 567% 15.2 23 23 22 14.0 12.3 431% 14 13 13 13 13…
  27. SBERBANK TROIKA CONFERENCE 2012 – Novatek – slide 27
    Ramping Up Hydrocarbon Production Natural Gas Sales Production, bcm Liquids Sales Production, mmt Total Hydrocarbon Production, mmboe CAGR 14% CAGR 10% CAGR 14% 380 52.8 4.1 Absolute increase 152.6% Absolute increase 95.2%…
  28. SBERBANK TROIKA CONFERENCE 2012 – Novatek – slide 28
    Oil and Gas Results, RR/boe Oil &Gas Revenues Lifting Costs Oil &Gas Cash Flow1 CAGR 16% CAGR 21% 455.3 16.0 16.0 16.3 213.4 Absolute increase 179.7% 424.3 14.7 14.9 15.0 Absolute increase 280.4% 187.7 359.5 12.2 317.4 152.1…
  29. SBERBANK TROIKA CONFERENCE 2012 – Novatek – slide 29
    2011 Results Another Record Year (RR million) 2011 2010 +/(-) +/(-)% Oil and gas sales 175 602 115 162 60 440 52.5% Total revenues 176 064 117 024 59 040 50.5% Operating expenses (97 665) (68 518) (29 147) 42.5% EBITDA1 148 349 57…
  30. SBERBANK TROIKA CONFERENCE 2012 – Novatek – slide 30
    Quarterly Results (RR million) Q-o-Q Y-o-Y 2Q 11 3Q 11 4Q 11 1Q 12 2Q 12 +/- % +/- % Oil and gas sales 40,551 39,888 50,544 54,152 44,984 -16.9% 10.9% Total revenues 40,626 40,033 50,718 54,373 45,145 -17.0% 11.1% Operating expenses…
  31. SBERBANK TROIKA CONFERENCE 2012 – Novatek – slide 31
    Debt Composition and Financial Policies Debt Composition as at 30 June 2012 Total Debt = RR 93.7 billion Currency Type USD Bonds 54% 63% 37% 46% RR Credit Facilities Established track record of adhering to creditor…
  32. SBERBANK TROIKA CONFERENCE 2012 – Novatek – slide 32
    Total Debt Maturity Profile (RR million) 22,851 In July 2012, the Group repaid 20,185 21,188 19,592 bank overdrafts (RR 3,011 million 19,840 as of 30 June 2012) 9,851 In July and August 2012, the Group repaid two tranches of…
  33. SBERBANK TROIKA CONFERENCE 2012 – Novatek – slide 33
    Questions and Answers Contact details: NOVATEKs Investor Relations Mark Gyetvay, Chief Financial Officer Alexander Palivoda, Head of IR Tel: +7 (495) 730-6013 Email: irnovatek.ru Website: www.novatek.ru

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