BG Group Investor update BG Group - high growth E&P & LNG company Strong growth in E&P and LNG volumes Proportion of production with cash margins 50/boe to triple Earnings to grow faster than production Capital expenditure to…
BG Group Investor update Our strategy Actively manage World class our portfolio to reinvest in Prioritise exploration & growth value over unique LNG production business BG Group High growth E&P and LNG company Focused…
BG Group Investor update Flexible and scalable strategy Reinvest in high Return residual Drive free cash flow Actively manage value projects; risk cash to from operating portfolio to management shareholders in assets…
BG Group Investor update Global presence Norway UK Kazakhstan Canada Areas of PA Japan USA India Tunisia China Thailand Honduras Trinidad & Aruba Tobago Egypt Colombia Myanmar Kenya Tanzania Brazil Australia Bolivia…
BG Group Investor update E&P and LNG volumes 100 E&P production (H1 2014) LNG supply & sales (H1 2014) 90 Europe & other North America 80 Kazakhstan Spot purchases UK 70 South America Equatorial Guinea Number of…
BG Group Investor update Large resource base, 3 yr RRR of 179% 25000 250 Monetise via production or sale up to 50% of discovered resources in 20000 200 10 years Reserves & resources (mmboe) 18 511 17 721 17 771 17 130 4…
BG Group Investor update Unique LNG business model Diversified & flexible Flexible Extensive customer LNG supply portfolio network Strong presence and expertise across the LNG supply chain Growing portfolio - multiple new LNG…
BG Group Investor update Brazil update Growth programme FPSO 2 Cidade FPSO 2de & So Paulo Basin, 3, Santos departure Brazil Brazil
BG Group Investor update Brazil - development underway Significant resource base 4-6-8 bn boe of reserves/resources net to BG 5 fields under development Operators 15 FPSO programme contracted 2.6 mmboed gross capacity by…
BG Group Investor update Brazil production ramping up Flow rates exceeding expectations Production (kboed) 80 25-35 kbopd per well Fewer wells needed to reach plateau 70 Current gross production 300 kboed 60 FPSO 1 (Lula) at 100…
BG Group Investor update Australia QCLNG project Upstream: 6 000 CSG wells over project life 27 field compression stations (FCSs) 6 central processing plants (CPPs) Curtis Island 2 major water treatment facilities QCLNG plant…
BG Group Investor update QCLNG increased cash flow in 2015 Development well advanced 2 150 wells drilled as at end Q2, c.1 100 available for production or de-watering Ruby Jo CPP & 6 FCSs operational Pipeline and gas collection…
BG Group Investor update Future LNG growth options Sabine Pass: 5.5 mtpa Lake Charles: 15 mtpa Tanzania: 10 mtpa Prince Rupert: 14 mtpa Offtaker of first US LNG Energy Transfer to own Joint project development NEB LNG export…
BG Group Investor update Exploration and appraisal activities Norway UK Brazil (Barreirinhas) Aruba Honduras Thailand Trinidad &Tobago Kenya Myanmar Colombia Bolivia Tanzania Australia Brazil Madagascar…
BG Group Investor update Pipeline of opportunities Legend Potential Resources Brazil Existing / Emerging hub exploration Uruguay LNG Projects Kenya Frontier exploration Australia Bolivia Cooper / Huacareta TGS Madag-…
BG Group Investor update Active portfolio management to monetise value Our goal Track record Realise value from E&P and LNG assets Exited non-core T&D and power businesses Balanced portfolio of 10-15 high quality assets Released…
BG Group Investor update BG Group - high growth E&P & LNG company Strong growth in E&P and LNG volumes Proportion of production with cash margins 50/boe to triple Earnings to grow faster than production Capital expenditure to…
BG Group Investor update Appendix
BG Group Investor update 2014/15 goals First LNG exports QCLNG Q4 2014 Project Continued ramp up of production in Brazil Decline in capital expenditure 2014 : 590 630 kboed (lower end) Production outlook Brazil & Australia…
BG Group Investor update 2014 milestones Q1 Brazil - FPSO 2 second well connected Thailand - Bongkot South Phase 4b Q2 Brazil - FPSO 3 second well connected QCLNG - commissioning of gas turbine generators Q3 Egypt - WDDM…
BG Group Investor update Egypt remains challenging Domestic demand/supply balance constrained Strong domestic demand supported by high level of subsidies Lower supply from BGs West Delta Deep Marine field Domestic take above…
BG Group Investor update Free cash flow H1 2014 H1 2014 H1 2013 Net cash flow from operations 4 485 4 380 Cash flow from investing activities (4 588) (5 085) Net interest (251) (238) Free cash flow (354) (943) Disposals 56…
BG Group Investor update Capex, capital structure and dividend Capital expenditure focus: 70% for Australia and Brazil in 2014 2014 capital expenditure to be lower than 2013 2015-2016 capital expenditure expected to fall to 8-10…
BG Group Investor update Liquidity position 5.0 bn cash and cash equivalents* Undrawn committed facilities 5.2 bn stand-by bank facilities 2.2 bn expires in 2016; 3.0 bn expires in 2017 1.8 bn US EXIM facility Average maturity…
BG Group Investor update Capital market maturity profile Capital markets maturities at 30 June 2014 1500 1000 Millions* 500 0 USD GBP EUR HKD * Graph depicts maturities in millions in their respective…
BG Group Investor update 2013-14 portfolio management 4.8 billion of transactions closed in 2013 Key transactions: QCLNG sell down to CNOOC (Australia) Gujarat Gas (India) TGGT (US) Quintero LNG (Chile) Cotton Valley (US) Bream…
BG Group Investor update LNG trade outlook to 2025 Global LNG supply delivered (mtpa) 2013 to 2025 CAGR(%) = 4.3 to 5.7 External LNG trade Supply gap: forecasts* up to 150 mtpa Under construction Supply: existing and…
BG Group Investor update Key assumptions Reference Conditions Brent Oil price real (1/1/2014): 2014 and 2015: 100/bbl US Henry Hub real (1/1/2014): 2014: 4.0/mmbtu; 2015 4.25/mmbtu US/UK exchange rates of 1.55:1 US/AUD exchange…
BG Group Investor update Sponsored ADR Programme BG Group has established a sponsored Level I ADR programme in the US. The ADRs trade on the premier tier of the Over-The-Counter (OTC) market in the US. Details are as follows: Ticker…
BG Group Investor update BG Group Investor update - September 2014
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