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Q4 2011 EARNINGS CALL – Pacific Rubiales Energy Corp.

Pacific Rubiales Energy Corp. · Mar 15, 2012 · 25 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. Q4 2011 EARNINGS CALL – Pacific Rubiales Energy Corp. – slide 1
    TSX: PRE BVC: PREC BOVESPA: PREB11 Financial and Operational Results Full Year & 4Q 2011 March 15th 2012
  2. Q4 2011 EARNINGS CALL – Pacific Rubiales Energy Corp. – slide 2
    Full Year 2011 Results Operational and Financial Highlights 86,497 The average net production after royalties for the year 2011. boe/d Representing a 52% growth year over year. 1,947 EBITDA for the year ended on December 2011,…
  3. Q4 2011 EARNINGS CALL – Pacific Rubiales Energy Corp. – slide 3
    FULL YEAR 2011 BUSINESS ENVIRONMENT AND STRATEGIC POSITIONING
  4. Q4 2011 EARNINGS CALL – Pacific Rubiales Energy Corp. – slide 4
    Commercial Activity 2011 Oil Pricing Environment World Oil Prices World oil consumption grew by 1.0 MMbbl/d to NYMEX WTI M1 ICE Brent M1 88.1 MMbbl/d (EIA estimate). 130 OECD consumption fell by 0.42 MMbbl/d. 120 US/bbl 110…
  5. Q4 2011 EARNINGS CALL – Pacific Rubiales Energy Corp. – slide 5
    Sector Environment 2011 Colombia Oil & Gas Production* 179 188 180 Colombia: New ministers of Mines, 177 Environment and a new Director of the ANH Oil 1,125 1,103 1,109 Kboe 1,039 Gas underline administrations…
  6. Q4 2011 EARNINGS CALL – Pacific Rubiales Energy Corp. – slide 6
    FULL YEAR 2011 OPERATIONAL MILESTONES
  7. Q4 2011 EARNINGS CALL – Pacific Rubiales Energy Corp. – slide 7
    NET Total Production in the 4th Quarter The production growth driven by more than 121 development wells drilled in Rubiales and 62 wells drilled in Quifa Southwest. Gross & Net Production 52% growth in net production 300.000…
  8. Q4 2011 EARNINGS CALL – Pacific Rubiales Energy Corp. – slide 8
    Oil Sales Exports Sales by Market Volume Balance (MMbbl) Inventory to be sold Operational Inventory Sold 0.5 0.8 1.9 1.9 38% 1.9 43% 0.7 10.2 9.9 1.9 9.3 1.2 7.1 7.4 11% 8% USA C. AMERICA/CARIBBEAN ASIA EUROPA…
  9. Q4 2011 EARNINGS CALL – Pacific Rubiales Energy Corp. – slide 9
    Transport Infrastructure Continues to Lever Production Growth Oil & Gas Transportation Infrastructure ODL Pipeline (PRE: 35% equity interest) Booster stations constructed adding 170,000 bbl/d additional capacity, upgrading total…
  10. Q4 2011 EARNINGS CALL – Pacific Rubiales Energy Corp. – slide 10
    STAR is off the Starting Gate in the Quifa Block Pilot Project Facilities Quifa North Sabanero Quifa Northeast Quifa Southwest Rubiales Field Eight out of the nine wells drilled using a nine spot inverted pattern in…
  11. Q4 2011 EARNINGS CALL – Pacific Rubiales Energy Corp. – slide 11
    New Strategic Additions to the Exploration Portfolio Colombia, Peru & Guyana- new blocks Colombia: Acquisition of strategic Sabanero block added reserves and production. Peru: Prospective block 116 added to portfolio via…
  12. Q4 2011 EARNINGS CALL – Pacific Rubiales Energy Corp. – slide 12
    FULL YEAR 2011 EXPLORATION CAMPAIGN
  13. Q4 2011 EARNINGS CALL – Pacific Rubiales Energy Corp. – slide 13
    2011 Exploration Guama US266 million Exploration investment. Muisca* Drilled 69 exploration wells (58 successful) for an 84% success rate. La Creciente Arauca 1.57/boe finding cost. Acquisition of 1,557 km of 2D and 554 km2 of…
  14. Q4 2011 EARNINGS CALL – Pacific Rubiales Energy Corp. – slide 14
    Strong Reserve Growth Provides a Diversified Base 2P Reserves Breakdown by Net Working Interest (MMbbl)* Total 2P net reserves growth to 407 million barrels of oil equivalent (MMboe) at 125 74 38 December 31 st, 2011, up 52%…
  15. Q4 2011 EARNINGS CALL – Pacific Rubiales Energy Corp. – slide 15
    Exploration Campaign Colombia & Peru Exploration campaign 2012 Exploration Well Schedule Number Block 1Q 2Q 3Q 4Q of Wells Quifa 13 Sabanero * 12 CPE-6 8 CPO-12 3 CPO-17 * 4 CPO-1 1 CPE-1 4 Topoyaco 1 Tacacho 1 La…
  16. Q4 2011 EARNINGS CALL – Pacific Rubiales Energy Corp. – slide 16
    2011 Reserves and Resources Reserves plus Resources Resources 1,041 2,778 Mboe 89 3,186 13% 319 million 2,778 650 boe 1,086 Total Proven Total Probable Total Resource Heavy Oil Trend Gas Basin Other Big E All…
  17. Q4 2011 EARNINGS CALL – Pacific Rubiales Energy Corp. – slide 17
    FULL YEAR 2011 FINANCIAL RESULTS HIGHLIGHTS
  18. Q4 2011 EARNINGS CALL – Pacific Rubiales Energy Corp. – slide 18
    Healthy Growth In Netbacks Key Financial Indicators US/boe OIL NETBACK GAS NETBACK COMBINED NETBACK 42% 61.38 44% 58.24 43.36 39% 40.36 31.09 22.41 2010 2011 2010 2011 2010 2011 19
  19. Q4 2011 EARNINGS CALL – Pacific Rubiales Energy Corp. – slide 19
    Strong Financial Results Key Financial Indicators Million of US Gross Revenues Net Income 3,381 554 2x 2x 1,662 265 2x 1,012 33% 517 61 81 Q4_10 Q4_11 2010 2011 Q4_10 Q4_11 2010 2011 Q4: Fourth Quarter 20
  20. Q4 2011 EARNINGS CALL – Pacific Rubiales Energy Corp. – slide 20
    Cash Generation Increasing Key Financial Indicators Million of US EBITDA CFO* 1,947 30% 1,219 2x 934 924 35% 2x 478 561 353 275 Q4_10 Q4_11 2010 2011 Q4_10 Q4_11 2010 2011 * Cash Flow from Operations Q4: Fourth…
  21. Q4 2011 EARNINGS CALL – Pacific Rubiales Energy Corp. – slide 21
    Outstanding Results Key Financial Indicators US/share EBITDA/Share CFO*/ Share Net Income/Share 7.16 26% 4.48 2x 3.57 2.04 2x 3.51 29% 2x 1.01 1.70 2.00 1.32 26% 1.03 0.23 0.29 Q4_10 Q4_11 2010 2011 Q4_10 Q4_11 2010…
  22. Q4 2011 EARNINGS CALL – Pacific Rubiales Energy Corp. – slide 22
    Financial Results P&L Full Year 2011 Million of US 3,381 1,246 189 1,946 656 68 56 40 124 448 554 Revenues Operating G&A Expenses EBITDA DD&A Equity Tax Shared-based Foreign Finance costs Income tax NET INCOME Costs…
  23. Q4 2011 EARNINGS CALL – Pacific Rubiales Energy Corp. – slide 23
    Consolidated Statements Of Income Financial Results Million of US Three months ended December Twelve months ended December Items 2011 2010 VAR% 2011 2010 Oil and Gas Sales 1,011.5 516.7 96% 3,380.8 1,661.5 Cost of Operation…
  24. Q4 2011 EARNINGS CALL – Pacific Rubiales Energy Corp. – slide 24
    Strong Balance Sheet And Liquidity Ratios 2011 2011 2011 2011 2011 2010 FY 4Q 3Q 2Q 1Q FY DEBT/EBITDA- ANNUALIZED 0.57 0.57 0.48 0.55 0.83 0.94 EBITDA/FINANCE COST-ANNUALIZED 22.51 22.51 17.99 15.74 12.19 12.05 NET WORKING…
  25. Q4 2011 EARNINGS CALL – Pacific Rubiales Energy Corp. – slide 25

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