Skip to main content 2014 Outlook and Objectives – Total SA Investor Presentation | Shale Experts
Loading...
Pm

2014 Outlook and Objectives – Total SA

Total SA · Sep 22, 2014 · 36 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. 2014 Outlook and Objectives – Total SA – slide 1
    2014 Outlook & objectives September 2014 2014 Outlook & objectives total.com 1
  2. 2014 Outlook and Objectives – Total SA – slide 2
    Market environment ZONE DIMAGE 2014 Outlook & objectives total.com 2
  3. 2014 Outlook and Objectives – Total SA – slide 3
    Evolving energy mix Energy mix Mboe/d +21% 3% Hydro 5% Solar, wind, other Growing long term demand 300 10% Biomass led by emerging countries 6% Nuclear 22% Coal Diversified energy mix 200 Oil to remain primary energy…
  4. 2014 Outlook and Objectives – Total SA – slide 4
    Industry challenge to satisfy oil demand Oil supply-demand Mb/d Oil demand Continued long term growth in oil +0.6% demand, despite increased energy CAGR efficiency Marginal supply requires high technology, continuous…
  5. 2014 Outlook and Objectives – Total SA – slide 5
    Strong growth in LNG demand LNG supply-demand Mt/y LNG demand +5% Demand mainly driven by Asian growth CAGR 500 Potential RoW Need to double current supply by 2030 projects Russia Africa 40% of potential projects in new…
  6. 2014 Outlook and Objectives – Total SA – slide 6
    Challenging cost environment Rising costs UCCI and UOCI* Brent Inflation lower but current cost levels Base 100 in 2000 /b unsustainable Capital discipline and project selectivity critical Systematic response from Total…
  7. 2014 Outlook and Objectives – Total SA – slide 7
    Outlook ZONE DIMAGE 2014 Outlook & objectives total.com 7
  8. 2014 Outlook and Objectives – Total SA – slide 8
    Safety, a core value Improving safety performance while increasing activity 530 Million man-hours 450 1.6 TRIR 0.9 LTIR Significant and steady decrease in injury rates 2013 TRIR: -57% vs 2008 2013 LTIR: -56% vs 2008…
  9. 2014 Outlook and Objectives – Total SA – slide 9
    Improving environmental performance Energy efficiency Annual improvement target of 1.5% Continuous flaring Discharges to water Mm3/d kt, onshore and coastal 15 0.4 2013 2013 2005 2014 target 2011 2017 target Close to…
  10. 2014 Outlook and Objectives – Total SA – slide 10
    Prioritizing cash flow generation Free cash flow* B Transitioning from intensive investment to cash flow generation 15 Growing cash flow from operations Upstream Cash accretive Upstream start-ups net growth 10 Increased…
  11. 2014 Outlook and Objectives – Total SA – slide 11
    Transforming Totals profile by 2017 Upstream share of Production growth capital employed Mboe/d 80% 2017 2.8 2017 On course in all segments to change 2007 2007 the Groups profile by 2017 Upstream start-ups driving growth in cash…
  12. 2014 Outlook and Objectives – Total SA – slide 12
    Upstream ZONE DIMAGE 2014 Outlook & objectives total.com 12
  13. 2014 Outlook and Objectives – Total SA – slide 13
    Committed to stronger performance in Upstream Capital discipline Project execution Cost reduction Strict selection criteria Delivering projects Retaining top-tier position for new projects on-time and on-budget in technical costs…
  14. 2014 Outlook and Objectives – Total SA – slide 14
    Creating value through capital discipline Leveraging Kaombo experience for future projects 20 B Promoting good enough designs 0.75 B 16 B Optimizing contractual strategy 0.5 B From local content to in-country value…
  15. 2014 Outlook and Objectives – Total SA – slide 15
    Strong project management track record Schedule and budget performance from sanction to start-up for Total operated projects* % variation Budget Industry facing delays and cost overruns Implementing solutions to retain…
  16. 2014 Outlook and Objectives – Total SA – slide 16
    Reducing Opex in a leaner Upstream 2015-17 Upstream Opex reduction Contribution to operating results M 800 Other Major bottom-up efforts from all affiliates Supply chain 75% from top-5 affiliates Technical 400 15% cost…
  17. 2014 Outlook and Objectives – Total SA – slide 17
    Building on a new wave of start-ups Laggan- Offshore installations and pipelines complete Status of major projects contributing to 2017 production Tormore Upside from Edradour and Glenlivet 2014-17 start-ups, % EPC progress Start-up…
  18. 2014 Outlook and Objectives – Total SA – slide 18
    New project start-ups fueling cash flow growth Production Adding 0.6 Mboe/d of cash accretive 2.8 production from 2014-17 start-ups Mboe/d 50 /boe cash flow from operations 2.3 2/3 Total-operated projects 2.1 Mboe/d Start-ups…
  19. 2014 Outlook and Objectives – Total SA – slide 19
    Deep offshore and LNG at the core of Upstream Industry leader in deep offshore Robust global LNG position IRR* 25 years Peak production (kb/d) Net cash flow (B) 10% of Totals production, 20% of Totals production, 25%…
  20. 2014 Outlook and Objectives – Total SA – slide 20
    Completing 2012-14 exploration program Main ongoing wells Key 2015 wells 2014-15 unconventional wells Russia South Tambey Qatar Block BC Ivory Coast San Pedro Angola Kwanza Brazil Libra Argentina South Africa…
  21. 2014 Outlook and Objectives – Total SA – slide 21
    Major contributors to post 2017 production Long plateau project Deep offshore Yamal LNG Fort Hills 450 kboe/d (20%) 180 kb/d (39.2%) Utica 400 kboe/d (25%) Kashagan Ph 1 Surmont* 370 kb/d (16.8%) 255 kb/d (50%) Egina 200…
  22. 2014 Outlook and Objectives – Total SA – slide 22
    Downstream ZONE DIMAGE 2014 Outlook & objectives total.com 22
  23. 2014 Outlook and Objectives – Total SA – slide 23
    Redeploying Refining & Chemicals capital Refining & Petrochemicals capital employed Lowered European breakeven point B thanks to synergies and efficiency programs ERMI scenario revised to 25 /t 15 Ongoing reduction of European…
  24. 2014 Outlook and Objectives – Total SA – slide 24
    Delivering profitability target as planned Synergies Efficiencies 12% with +2.5% 13% ERMI 25 /t Portfolio changes +2.5% 11.5% target 2014 Major projects Specialty on main chemicals 10% in 2013 platforms +0.5% +1.5% 6%…
  25. 2014 Outlook and Objectives – Total SA – slide 25
    Creating value in Marketing & Services M&S share of capital employed in growth areas excl. New Energies 70% Investing to expand and rebalance M&S Organic Capex peaking in 2014 Repositioning toward growth areas and adapting in…
  26. 2014 Outlook and Objectives – Total SA – slide 26
    Corporate ZONE DIMAGE 2014 Outlook & objectives total.com 26
  27. 2014 Outlook and Objectives – Total SA – slide 27
    Capex control and capital efficiency Group organic Capex Transitioning out of an intensive 28 B investment phase 26 B 25 B 24 B Under Optimizing Capex to meet strict study investment criteria Producing and Better capital…
  28. 2014 Outlook and Objectives – Total SA – slide 28
    2 B Opex savings by 2017 2015-17 Opex reduction Contribution to operating results and cash 2 B Corporate M&S 1.4 B Necessary initiative in all segments R&C Quick wins yielding 40% of total savings starting 2015 Upstream…
  29. 2014 Outlook and Objectives – Total SA – slide 29
    Reshaping portfolio and unlocking value 2010-to-date asset sales Simplifying portfolio High-grading portfolio embedded into Group strategy Monetizing non-core Adapting assets Successfully implementing asset sales downstream Strong…
  30. 2014 Outlook and Objectives – Total SA – slide 30
    Strong balance sheet maintained through intensive investment period Strong balance sheet Share of non-producing assets B in total capital employed Net debt 50% 25% Equity Gearing 23% 22% 23% 27% 2007 2010 2014 2017…
  31. 2014 Outlook and Objectives – Total SA – slide 31
    Committed to competitive shareholder return Competitive track record for increasing dividend /share 2.38 Dividend doubled over the past 10 years x2 Steady dividend increase through Brent and investment cycles 1.18 Dividend…
  32. 2014 Outlook and Objectives – Total SA – slide 32
    Conclusion ZONE DIMAGE 2014 Outlook & objectives total.com 32
  33. 2014 Outlook and Objectives – Total SA – slide 33
    Staying the course to transform Total Safety, a core value Addressing macroeconomic changes and a challenging geopolitical context Implementing our strategy Growing Upstream and improving efficiency Strengthening R&C…
  34. 2014 Outlook and Objectives – Total SA – slide 34
    Appendix ZONE DIMAGE 2014 Outlook & objectives total.com 34
  35. 2014 Outlook and Objectives – Total SA – slide 35
    Six major platforms shaping the future of R&C Port Arthur Daesan 90% ethane and LPG New condensate cracked in 2014 splitter and aromatic Connected to domestic units started-up ahead supply infrastructure of schedule (July…
  36. 2014 Outlook and Objectives – Total SA – slide 36
    Portfolio of major projects Capacity Production Project Country Project (kboe/d) Share Op Status 2014 CLOV Angola Deep offshore 160 40% Prod. Ofon 2 Nigeria Liquids/gas 70 40% Dev. West Franklin Ph.2 UK Gas/cond. 40 46.2% Dev.…

From the store

Browse maps, data & reports in the Shale Experts store