JSOC Bashneft Investor Presentation September 2012, Moscow
Bashneft Group Today as vertically integrated company Crude Oil Production 2011 Oil production 15.1 mln.tonnes. 2011 Oil production growth rate +6.8% Share in Russias crude oil production in 2011 3.0% 1H 2012 Oil production 7.7…
Financial and Operating Highlights, 2Q 2012* Oil production changed insignificantly and totalled 3,811 thousand tonnes; Operating results Crude oil refining decreased by 3.2% to 4,954 thousand tonnes; Refining depth increased by 1.5…
Bashneft reserve base as of 31 December 2011 Reserves Reserves Trebs & Titov oilfields in Nenets 188 fields, of which 166 in operation Autonomous Okrug (2 oilfields) Proved oil reserves (1P) in 2011 1,984mmbbl; (2P) 2,404mmbbl…
Nenets strategic region development: Trebs & Titov oilfields In the long-run the project will support production growth Reserves under 1 classification, mmt: C1+C2: 140.1 C3: 59.3 Reserves under the standards of PRMS(1),…
Trebs & Titov oilfields: the key driver of future production growth 15 April 2011: Bashneft and Lukoil signed a treaty on cooperation for the development of the oilfields 14 December 2011: license reissued for JSC Bashneft Polus 27…
Today's confidence in supporting of current oil production level Oil production growth rates in 2011, % Upstream business results 6.8% Bashneft remained the Russian oil sector leader by crude 2,1% output growth rates in 2011. Crude…
Upstream strategy by 2016 Oil production forecast, mln tonnes 20 18,5 18 15,1 15,2 16 14,1 14 12,2 12 10 8 6 4 2 0 2009 2010 2011 2012E 2013E 2014E 2015E 2016E Bashneft as is Trebs & Titov Mid-term goals 2012- 2016…
Bashneft Group refining complex is best in Russia Oil refining capacity 24.1 mln. tonnes per year 2011 Refining volume 21.1 mln. tonnes Average refining depth 85.9% 2011 Share of light products 59.9% Nelson index 8.3 Bashneft engine…
Bashneft: leading position among Russian Majors in oil refining Oil refining growth rates (FY11),% Comments Refining volumes in 2011 declined by 0.6% y-o-y to 21.062 million tonnes; * 5,4% Crude oil refining volume amounted to 4,954…
Downstream strategy by 2016 Refining volume, refining depth and light yield Mid-term goals (2012- 2016) 25 94,4% 100% Refining Modernisation 85,9% Oil product basket optimisation by decreasing share of heavy petroleum products; 23…
Bashneft petroleum product sales dynamics and structure Export and domestic sales of oil products, Sales results mln. tonnes. 6,0 Export sales of petroleum products and petrochemicals outside the CIS increased 5,0 by 34.1% (1,426…
Capex dynamics: focus on developing newly acquired fields and modernizing refining capacities Capex dynamics, US mln CAPEX in production and refining, US mln 900 851 250 800 53 203 700 200 589 308 600 146 147 500 492 150 190…
Capex overview (2011e-2016e) Capex structure by business lines Comments (average annual) Bashneft estimates that the capital expenditure in 2011-2016 may be US1-1.2bn per year 100% around US1-1.2bn (ca. RUB 40bn) per year (excluding…
Bashneft key credit strengths Large-scale vertical Extensive reserve base Top-industry production integration from crude oil combined with top-industry growth rates backed by production to sales of replacement results and lowest…
Shareholder structure: stock consolidation by Sistema Shareholder equity Voting shares 3,1% Sistema 1,5% 12,2% 23,9% Sistema BB/Ba3/BB- (S&P/M/F) is the largest public Sistema-Invest diversified financial corporation in Russia and…
Bashneft group structure before transition to a single share 52.1% * (61.3% **) Sistema JSFC 26.7% * (26.7% **) Bashneft Sistema-Invest 20.9% * (25.0% **) 54.9% * (65.7% **) 18.2% * (22.4% **) Ufaneftekhim 8.1% * (8.1% **)…
Transition to a single share Key goals of the transaction Target Corporate Structure3 Establish Bashneft as a fully-fledged vertically-integrated company Minority Optimise corporate structure to improve efficiency AFK Sistema…
Transition to a single share: buyback and conversion factors Proposed buyback prices (Roubles) Ordinary Shares Preferred shares Conversion ratio: number of Conversion ratio: number of Company shares in subsidiary per 1 share of…
Constant monitoring and application of best corporate governance practices Board of Directors Felix Evtushenkov Chairman Sergei Drozdov Aleksey Buyanov Senior Vice President, Senior Vice President, Alexander Goncharuk Charles…
Corporate governance and management structure Committees Alexander Nominating and Board of Strategy Corporate Conduct Budget and Audit Korsik Compensation Directors Committee Committee Committee President Committee…
Management team with strong track record Alexander 1995-1997 Deputy executive director of KomiTek-Moscow Korsik 1997-1999 Head of strategic development department, 1999-2005 first vice president of Sibneft President 2006 Deputy…
Management team (contd) 1997-2006 Worked in OJSC Sibneft Igor Marchenko November 2006- 2007 Development Director of ITERA Oil and Gas Company LLC. Vice President 2007-2009 Vice President for Development in OAO NK RussNeft. Strategy…
Management team (contd) Viktor 20 years of experience at the Ufa refinery Gantsev 1998-2004 Director of Bashneftekhim Senior Vice President 2006-2009 Director of Ufaneftekhim Refining and 2009 Senior Vice President of the refining…
Thank you for your attention Our contacts: Investor Relations Department Maria RADINA Head of IR Phone: (007) (495) 225-00-35, ext. 99832 E-mail: RadinaMAbashneft.ru 5, 1-st Tverskaya-Yamskaya Moscow, 125047, Russia Tel: +7 495 225 00…
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