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MAY 2015 INVESTOR PRESENTATION – JX Nippon Exploration and Production

JX Nippon Exploration and Production · May 11, 2015 · 36 slides

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Slides

  1. MAY 2015 INVESTOR PRESENTATION – JX Nippon Exploration and Production – slide 1
    Security Code Tokyo 5020 Financial Results for FY 2014 - From April 1, 2014 to March 31, 2015 - Representative Director, President Isao Matsushita Director, Senior Vice President Yukio Uchida May 11, 2015 0
  2. MAY 2015 INVESTOR PRESENTATION – JX Nippon Exploration and Production – slide 2
    Agenda Summary of Financial Results for FY2014 Business Environment 3 Summary of Financial Results for FY2014 5 Summary of Forecast for FY2015 Forecast for FY2015 6 Approach to the Forecast for FY2015 7 Constructing Business…
  3. MAY 2015 INVESTOR PRESENTATION – JX Nippon Exploration and Production – slide 3
    Todays Highlight Financial Results for FY2014 Reference Pages 3-5 Summary of Business Environment Crude and copper price decline rapidly in 2nd half. Yens depreciation progressed rapidly due to monetary easing by the Bank of Japan.…
  4. MAY 2015 INVESTOR PRESENTATION – JX Nippon Exploration and Production – slide 4
    Financial Results for FY2014 Business Environment 1 (From Apr. 2014 to Mar. 2015) Crude and copper price decline rapidly in 2nd half. Yens depreciation progressed rapidly due to monetary easing by the Bank of Japan. Dubai Crude…
  5. MAY 2015 INVESTOR PRESENTATION – JX Nippon Exploration and Production – slide 5
    Financial Results for FY2014 Business Environment 2 (Margin of Petroleum Products and Paraxylene) Petroleum margin declined rapidly from October due to time lag generated by crude oil rapid decline Paraxylene margin remained low…
  6. MAY 2015 INVESTOR PRESENTATION – JX Nippon Exploration and Production – slide 6
    Financial Results for FY2014 Summary of Financial Results for FY2014 Ordinary loss was 150.1 billion yen due to inventory valuation loss with crude price slump Ordinary income except for inventory valuation loss was 255.2 billion…
  7. MAY 2015 INVESTOR PRESENTATION – JX Nippon Exploration and Production – slide 7
    Forecast for FY2015 Forecast for FY2015 FY2014 (Actual) Forecast for FY2015 2nd Mid-term Mgt. Plan Exchange Rate 110 yen/ 115 yen/ 90 yen/ Key Factors Crude Price 83 /bbl (FY2015) (Dubai spot)) 60 /bbl 110 /bbl Copper…
  8. MAY 2015 INVESTOR PRESENTATION – JX Nippon Exploration and Production – slide 8
    Forecast for FY2015 Approach to the Forecast for FY2015 Recognition of Issue Way to Resolution Building management system Promoting restructuring existing business corresponding to business environment Promoting cash flow…
  9. MAY 2015 INVESTOR PRESENTATION – JX Nippon Exploration and Production – slide 9
    Forecast for FY2015 Constructing Business Structure Corresponding to Environmental Change Cost Reduction Cash Flow Creation Implementing cost reduction with a Generating 200 billion yen of cash flow focus on reducing expenditure,…
  10. MAY 2015 INVESTOR PRESENTATION – JX Nippon Exploration and Production – slide 10
    Forecast for FY2015 *1 Ordinary Income, ROE 1. Ordinary income excluding inventory valuation improved due to fuel cost reduction and deepening of improvement in each vs. stage of supply chain in energy business, enhanced TC/RC and…
  11. MAY 2015 INVESTOR PRESENTATION – JX Nippon Exploration and Production – slide 11
    Forecast for FY2015 Net D/E Ratio, CAPEX, Cash Flow Change of Net D/E Ratio CAPEX 2'nd Mid-Term FY2013-2014 FY2015 FY2013-2015 Plan (Actual) (Forecast) (Forecast) (times) 10,000 1.2 1.2 1.2 Energy 540 300 160 460 1.1 E&P 390…
  12. MAY 2015 INVESTOR PRESENTATION – JX Nippon Exploration and Production – slide 12
    Forecast for FY2015 Shareholder Return Policy Basic Shareholder Return Policy Redistribute profits by reflecting consolidated business results while striving to maintain stable dividends Indication of Shareholder Return for 2nd…
  13. MAY 2015 INVESTOR PRESENTATION – JX Nippon Exploration and Production – slide 13
    Forecast for FY2015 Action in Energy Business Strategies of 2'nd Medium-Term Management Plan Initiatives up to April 2015 Stopped petroleum refining operation at Muroran Refinery to transform to petrochemical plant Strengthening…
  14. MAY 2015 INVESTOR PRESENTATION – JX Nippon Exploration and Production – slide 14
    Forecast for FY2015 Action in E&P of Oil and Natural Gas Business Strategies of 2'nd Medium-Term Management Plan Initiatives up to April 2015 (Australia) Commenced production at Finucane South Field Made a gas discovery in WA49-R…
  15. MAY 2015 INVESTOR PRESENTATION – JX Nippon Exploration and Production – slide 15
    Forecast for FY2015 Action in Metal Business Strategies of 2'nd Medium-Term Management Plan Initiatives up to April 2015 (Resource Development) Commenced copper concentrate producion at Caserones Copper Mine Establishing highly…
  16. MAY 2015 INVESTOR PRESENTATION – JX Nippon Exploration and Production – slide 16
    Reference Projects in Progress and Consideration Development of UK Business expansion corresponding to Mariner oil field electric system reformation by Japanese government Development of UK Culzean gas field Exploration of…
  17. MAY 2015 INVESTOR PRESENTATION – JX Nippon Exploration and Production – slide 17
    Reference Progress of Business Strategy 1 (from Oct. 2014 to Apr. 2015) JX Nippon Oil & Energy Oct. Decided to restructure residential use home fuel cell business. Oct. Decided to compete in retail electricity sales for homes.…
  18. MAY 2015 INVESTOR PRESENTATION – JX Nippon Exploration and Production – slide 18
    Reference Progress of Business Strategy 2 (from Apr. 2014 to Sep. 2014) JX Nippon Oil & Energy May. Decided to commence mega solar operations in Ehime and Kagawa Prefecture. Jun. Started commercial production of paraxylene plant of…
  19. MAY 2015 INVESTOR PRESENTATION – JX Nippon Exploration and Production – slide 19
    Reference Progress of Business Strategy 3 (from Apr. 2013 to Mar. 2014) JX Nippon Oil & Energy Apr. Opened Japans first hydrogen supply station combined with existing petro station in Ebina City of Kanagawa Prefecture . May Opened…
  20. MAY 2015 INVESTOR PRESENTATION – JX Nippon Exploration and Production – slide 20
    Financial State Forecast for FY2015 - From April 1, 2015 to March 31, 2016- Key Factors Change of Ordinary Income excl. inventory valuation FY2014 FY2015 ( vs. FY2014 (Actual) (Forecast) FY2014 FY2015 Crude Oil(/Bbl) 83 60…
  21. MAY 2015 INVESTOR PRESENTATION – JX Nippon Exploration and Production – slide 21
    Outline of FY2015 Forecast * Average from March to February (nearly equal to arrived crude cost) FY2014 FY2015 (Actual) (Forecast) Changes Crude Oil (Dubai)* (/bbl) 88 60 -28 -32% Jan.-Dec. 2014 Jan.-Dec. 2015 Copper…
  22. MAY 2015 INVESTOR PRESENTATION – JX Nippon Exploration and Production – slide 22
    FY2014 Actual vs. FY2015 Forecast Changes in Ordinary Income (Loss) by Segment FY2014 FY2015 Changes (Actual) (Forecast) JPY Billion JPY Billion JPY Billion Energy (334.6) 173.0 +507.6 - - Inventory Valuation (406.8) 20.0…
  23. MAY 2015 INVESTOR PRESENTATION – JX Nippon Exploration and Production – slide 23
    FY2014 Actual vs. FY2015 Forecast Changes in Ordinary Income - Energy Business - FY2014 Energy Energy +80.8…
  24. MAY 2015 INVESTOR PRESENTATION – JX Nippon Exploration and Production – slide 24
    FY2014 Actual vs. FY2015 Forecast Changes in Ordinary Income - Oil and Natural Gas E&P Business- Oil and Natural Gas E&P…
  25. MAY 2015 INVESTOR PRESENTATION – JX Nippon Exploration and Production – slide 25
    FY2014 Actual vs. FY2015 Forecast Changes in Ordinary Income - Metals Business - Metals…
  26. MAY 2015 INVESTOR PRESENTATION – JX Nippon Exploration and Production – slide 26
    Key Factors FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 Actual Actual Actual Actual Actual Forecast All segments Exchange rate [Yen/] 86 79 83 100 110 115 Energy Crude oil price [Dubai]Apr.-Mar.* [/barrel] 82 109 109 105 88 60…
  27. MAY 2015 INVESTOR PRESENTATION – JX Nippon Exploration and Production – slide 27
    Sensitivity Analysis (FY2015 basis) Key factors (From April 2015 to March 2016) Exchange Rate: 115Yen/ Crude Oil : 60/bbl Copper Price (LME) : 270 /lb (Dubai spot) Sensitivity analysis (JPY Billion) Key Factors Change Segment…
  28. MAY 2015 INVESTOR PRESENTATION – JX Nippon Exploration and Production – slide 28
    Financial State Financial Results for FY2014 (April 1, 2014March 31, 2015) Change of Ordinary Income excl. inventory valuation ( vs. FY2013 FY2013 FY2014 Ordinary income excluding inventory valuation, (JPY Billion) 183.0…
  29. MAY 2015 INVESTOR PRESENTATION – JX Nippon Exploration and Production – slide 29
    Outline of FY2014 * Average from March to February. (nearly equal to arrived crude cost) FY2013 FY2014 (Actual) (Actual) Changes Crude Oil (Dubai)* (/bbl) 105 88 -17 -16% Jan.-Dec..2013 Jan.-Dec..2014 Copper…
  30. MAY 2015 INVESTOR PRESENTATION – JX Nippon Exploration and Production – slide 30
    Main factors of Special Gain and Loss of FY2014 Special Loss accrued due to declined resource prices and the revision of production plan on the main projects. JPY billion Special Gain and Loss ( Net ) -104.9 Special Loss on…
  31. MAY 2015 INVESTOR PRESENTATION – JX Nippon Exploration and Production – slide 31
    FY2013 Actual vs. FY2014 Actual Changes in Ordinary Income (Loss) by Segment FY2013 137 FY2014 Changes (Actual) (Actual) JPY Billion JPY Billion JPY Billion Energy 108.2 (334.6) -442.8 - - Inventory Valuation 116.1 (406.8)…
  32. MAY 2015 INVESTOR PRESENTATION – JX Nippon Exploration and Production – slide 32
    FY2013 Actual vs. FY2014 Actual Changes in Ordinary Income - Energy Business - FY2013 Energy…
  33. MAY 2015 INVESTOR PRESENTATION – JX Nippon Exploration and Production – slide 33
    FY2013 Actual vs. FY2014 Actual Changes in Ordinary Income - Oil and Natural Gas E&P Business - FY2013 Oil and Natural Gas E&P…
  34. MAY 2015 INVESTOR PRESENTATION – JX Nippon Exploration and Production – slide 34
    FY2013 Actual vs. FY2014 Actual Changes in Ordinary Income - Metals Business- FY2013 Metals…
  35. MAY 2015 INVESTOR PRESENTATION – JX Nippon Exploration and Production – slide 35
    Consolidated Balance Sheets Consolidated Statement of Cash Flows Consolidated Balance Sheets JPY Billion Consolidated Cash Flows Total7,781.8 Total7,423.4 Cash and cash FY2014 (JPY Billion) 281.7 equivalents 329.3 Interest…
  36. MAY 2015 INVESTOR PRESENTATION – JX Nippon Exploration and Production – slide 36
    Cautionary Statement Regarding Forward-Looking Statements This notice contains certain forward-looking statements, however, actual results may differ materially from those reflected in any forward-looking statement, due to various…

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