Skip to main content Q1 2015 RESULTS – Rosneft Oil Company Investor Presentation | Shale Experts
Loading...
Pm

Q1 2015 RESULTS – Rosneft Oil Company

Rosneft Oil Company · Jun 26, 2015 · 29 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. Q1 2015 RESULTS – Rosneft Oil Company – slide 1
    Rosneft Oil Company IFRS Results Q1 2015 26 June 2015
  2. Q1 2015 RESULTS – Rosneft Oil Company – slide 2
    Market Environment: Commissioning of major projects as scheduled despite the change in oil price Oil prices and the exchange rate(1) /bbl RUB/ 160 80 Brent The most powerful Urals Verkhnechonsk Russian crude distillation Pobeda…
  3. Q1 2015 RESULTS – Rosneft Oil Company – slide 3
    Macroeconomic Environment Rise in transportation tariff and new rates of industry-specific taxes Transportation costs RUB bln Indexation of transportation tariffs: 16 11 Transneft tariffs for oil transportation by 6,5-7,5% and oil…
  4. Q1 2015 RESULTS – Rosneft Oil Company – slide 4
    Production Performance in Q1 2015 : Increase of main indicators Indicator Q1 2015 Q1 2014 Comments increase in production at new fields, sustaining production Hydrocarbon production, 5,200 5,092 2.1% at brownfields due to kboepd…
  5. Q1 2015 RESULTS – Rosneft Oil Company – slide 5
    Financial Performance in Q1 2015 Increase in net income and free cash flow while ramping up operations RUB bln Indicator Q1 2015 Q1 2014 Comments efficient distribution of commodity flows and utilization Revenue 1,288 1,375 (6.3)%…
  6. Q1 2015 RESULTS – Rosneft Oil Company – slide 6
    Financial Results
  7. Q1 2015 RESULTS – Rosneft Oil Company – slide 7
    Revenues Structure and Dynamics Increased oil and products export volumes, increased gas sales efficiency Change in revenues RUB bln External factors: RUB -154 bln; -11% Company controlled factors: RUB +67 bln; +5% 502 (625) 23…
  8. Q1 2015 RESULTS – Rosneft Oil Company – slide 8
    EBITDA: Stable indicator of operating profit with more than x2 oil price reduction RUB bln External factors: RUB -6 bln; -2% Company controlled factors: RUB +3 bln; +1% (159) 235 (22) (20) 4 (11) (33) (8)(2) 4 7 289…
  9. Q1 2015 RESULTS – Rosneft Oil Company – slide 9
    Maintaining OPEX at Record Low Levels Lifting costs Lifting costs: benchmarking(1) /boe /boe (2) 20 Peers Rosneft 15 10 4.1 4.1 3.7 3.4 2.5 5 4.3 3.9 2.9 2.5 0 Q1 14 Q2 14 Q3 14 Q4 14 Q1 15 2012 2013 2014 Q1 15…
  10. Q1 2015 RESULTS – Rosneft Oil Company – slide 10
    Investment Program Flexibility CAPEX and production Upstream CAPEX: benchmarking(1) Production 50 /boe (2) Peers Rosneft RUB bln mmboe growth 2% 200 500 40 163 400 150 133 30 133 128 300 104 100 20 200 10.6 50 10 6.8 100…
  11. Q1 2015 RESULTS – Rosneft Oil Company – slide 11
    Operations Efficiency: Operations generate a sustainable cash flow Operating cash flow(1) and Capex RUB bln Capex OCF OCF/Capex 0 3 2.2 2.3 2.2 0 2.0 2 1.8 0 1.6 2 1.2 1.3 0 1 0 1 0 304 355 0 0 214 231 225 245 258 0 188 0 - 153…
  12. Q1 2015 RESULTS – Rosneft Oil Company – slide 12
    On Top of Cash Flow Generation Operating cash flow(1) Free cash flow(1,2) RUB bln +38% RUB bln x2.2 604 1,186 1,161 1,043 843 274 249 141 Russian VIOC Rosneft Russian VIOC Rosneft Russian VIOC Rosneft Russian VIOC…
  13. Q1 2015 RESULTS – Rosneft Oil Company – slide 13
    Free Cash Flow: Positive dynamics due to management efficiency Stably high indicators of the free cash flow(1,2) RUB 130 bln free cash flow in Q1 2015; 40 /boe /bbl 120 keeping positive dynamics during the year, primarily due to…
  14. Q1 2015 RESULTS – Rosneft Oil Company – slide 14
    Financial Stability: Efficient debt portfolio management Net debt dynamics Repayment schedule(3) 60 bln(1) bln 50 40 30 57.4 20 43.8 43.3 (2) 10 19.8 15.5 18.1 13.3 10.7 0 5.6 2012 2013 2014 Q1 2015 Q2-Q4 2016 2017 2018 2019…
  15. Q1 2015 RESULTS – Rosneft Oil Company – slide 15
    Operational Results
  16. Q1 2015 RESULTS – Rosneft Oil Company – slide 16
    Stable Hydrocarbon Production Dynamics Key achievements in Q1 2015 Hydrocarbon production Increase in liquids daily production in Samaraneftegaz (+ kboepd 5,200 5,092 2.9%), VCNG (+ 9.7%) and RN-Uvatneftegaz (+ 6.8%) vs. Q1 2014 as…
  17. Q1 2015 RESULTS – Rosneft Oil Company – slide 17
    Planned Increase of Drilling Volume Key achievements in Q1 2015 Development drilling footage Growth of production drilling footage by 36% due to th. m increasing capacities of the in-house services Reducing the time of horizontal…
  18. Q1 2015 RESULTS – Rosneft Oil Company – slide 18
    Advanced oil field services Leading positions in production drilling in-house services Penetration rate, th. m/rig per month Cost of meter drilled, th. rub/m 8.0 11.7 6.5 6.4 5.8 3.7 6.2 6.6 6.6 6.8 6.8 3.1 3 Internal rd…
  19. Q1 2015 RESULTS – Rosneft Oil Company – slide 19
    Gas Business: Effective production buildup Key achievements in Q1 2015 Gas production bcm APG utilization rate rose to 87% (81% in 2014), mainly 15.80 as a result of increasing gas supplies from Vankor field to Gazprom network…
  20. Q1 2015 RESULTS – Rosneft Oil Company – slide 20
    Improved Refining Efficiency 1Q14 operating highlights Light product yield Refining throughput in Russia flat at 21.7 mmt (+0.4% compared to 1Q14) 65% 55% light product yield in 2014 Optimization of product slate provided light…
  21. Q1 2015 RESULTS – Rosneft Oil Company – slide 21
    Crude and Product Sales Oil monetization channels in Q1 2015 Sales of crude oil 47% 54% Netback, /t 225 226 219 43% 3% 54% Percentage in sales, % 1Q1 .2014 2014 1Q1 . 2015 2015 High-margin channels…
  22. Q1 2015 RESULTS – Rosneft Oil Company – slide 22
    Appendix
  23. Q1 2015 RESULTS – Rosneft Oil Company – slide 23
    Production Performance in Q1 2015 and Q4 2014: Stable performance despite the volatility of external environment Indicator Q1 2015 Q4 2014 Comments Hydrocarbon production, 5,200 5,200 - Sustain production level kboepd refining…
  24. Q1 2015 RESULTS – Rosneft Oil Company – slide 24
    Financial Performance in Q1 2015 and Q4 2014 RUB bln Q1 Q4 Indicator Comments 2015 2014 drop in the world prices was in part offset by the ruble exchange rate reduction and increase in the Revenue 1,288 1,311 (1.8)% volume of sale…
  25. Q1 2015 RESULTS – Rosneft Oil Company – slide 25
    Structure and Dynamics of Revenues in Q1 2015 and Q4 2014 Change in revenues RUB bln External factors: RUB -110 bln; -9% Company controlled factors: RUB +87 bln; +7% 288 (340) 52 (53) 24 (21) (27) (33) 15 73 (1) 1,311 1,288…
  26. Q1 2015 RESULTS – Rosneft Oil Company – slide 26
    Q1 2015 and Q4 2014 EBITDA External factors: RUB +51bln; +27% Company controlled factors: RUB +47 bln; +25% (53) 118 (20) (73) (11) 4 28 127 (33) (4) 15 286(1) 188 Q4 2014 Exchange rate Urals price drop Lag in…
  27. Q1 2015 RESULTS – Rosneft Oil Company – slide 27
    Net Debt Generation of high operating cash flow reduces net debt bln 0.2 (0,3)(2) 0.4 0.9 (3,8) 2.7 43,8(1) 43.3 (0,6) 31.12.2014 perating Revenues from CAPEX, Liabilities under financial Acquisition of…
  28. Q1 2015 RESULTS – Rosneft Oil Company – slide 28
    EBITDA and Net Income Sensitivity Change in the Urals price Change in the exchange rate bln RUB -10 USD/bbl +10 USD/bbl bln RUB -5 RUB/USD +5 RUB/USD EBITDA EBITDA -160 160 -131 131 Net income Net income -128 128…
  29. Q1 2015 RESULTS – Rosneft Oil Company – slide 29
    Questions and Answers

From the store

Browse maps, data & reports in the Shale Experts store