Skip to main content 2012 ANNUAL SHAREHOLDERS MEETING – Total SA Investor Presentation | Shale Experts
Loading...
Pm

2012 ANNUAL SHAREHOLDERS MEETING – Total SA

Total SA · May 11, 2012 · 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. 2012 ANNUAL SHAREHOLDERS MEETING – Total SA – slide 1
    Shareholders meeting 2012 May 11, 2012 Shareholders meeting May 11, 2012 1
  2. 2012 ANNUAL SHAREHOLDERS MEETING – Total SA – slide 2
    CORPORATE GOVERNANCE Christophe de Margerie Shareholders meeting May 11, 2012 2
  3. 2012 ANNUAL SHAREHOLDERS MEETING – Total SA – slide 3
    Activity of the Board of Directors in 2011 Definition of strategic orientation Examples 2011 and approval of major investments Group strategy and budget Investments Asset Sales Outlook for business divisions and market Australia…
  4. 2012 ANNUAL SHAREHOLDERS MEETING – Total SA – slide 4
    A renewed Executive Committee From Jan. 1, 2012 Christophe de Margerie Chairman and CEO Yves-Louis Patrick Philippe Jean-Jacques Patrick Darricarrre Pouyann Boisseau Guilbaud de La Chevardire Exploration & Production Chief…
  5. 2012 ANNUAL SHAREHOLDERS MEETING – Total SA – slide 5
    Commitment of the Board to evaluation of major projects and risk management Instances and procedures to identify and anticipate risks at all levels Sovereign debt crisis in Eurozone Project Board of Directors assessments Audit…
  6. 2012 ANNUAL SHAREHOLDERS MEETING – Total SA – slide 6
    Board actively engaged in governance best practices Increased diversification Attendance rate of 92% of the Board after the 2012 at Board of Directors meetings Shareholders Meeting* Broadening the Compensation Committee 5 women…
  7. 2012 ANNUAL SHAREHOLDERS MEETING – Total SA – slide 7
    Regular evaluation of Board of Directors Summary of Boards actions Recurring missions of the Nominating & Governance Committee: Modifying procedure rules for committees Analyzing the Boards composition and the Board in February…
  8. 2012 ANNUAL SHAREHOLDERS MEETING – Total SA – slide 8
    Compensation of Chairman and CEO linked to companys performance Criteria applied to Chairman Stock options and performance shares and CEOs compensation awarded to Christophe de Margerie Final allocation Provisional allocation…
  9. 2012 ANNUAL SHAREHOLDERS MEETING – Total SA – slide 9
    Rewarding individual performance Compensation committee ensures a balanced Allocation of performance shares allocation between executive officers, managers by type of beneficiary in 2011 and employees Increased distribution of…
  10. 2012 ANNUAL SHAREHOLDERS MEETING – Total SA – slide 10
    Strengthening individual and employee shareholding Shareholders base by region Shareholders base by type* 33% France 4.6% 32% Group employees Europe (excluding France) 8.4% Individual shareholders 27% 87% North 8%…
  11. 2012 ANNUAL SHAREHOLDERS MEETING – Total SA – slide 11
    An attractive investment based on an explicit dividend policy A solid return* Dividend Policy Since 2011 quarterly dividend + 4.4%* distribution per year 1,538 + 5.5% Average payout of 50% since 2008 For 1,000 1,055 Euros…
  12. 2012 ANNUAL SHAREHOLDERS MEETING – Total SA – slide 12
    Creating value for all stakeholders Shareholders States and local authorities 5.3 B Dividends 14.1 B Corporate taxes 3.0 B Production taxes Employees Civil society 6.6 B Compensation and expenses 335 M Total Foundation 0.25 B…
  13. 2012 ANNUAL SHAREHOLDERS MEETING – Total SA – slide 13
    Contribution of Total in France Employment Total Regional Development 3.2 B Compensation and expenses 1,000 SMBs supported 35,037 Employees (36.5% of total) 60 M Financial commitments 6,552 New employees and 15,000 New jobs…
  14. 2012 ANNUAL SHAREHOLDERS MEETING – Total SA – slide 14
    RESULTS OF 2011 & 1Q 2012 Patrick de La Chevardire Shareholders meeting May 11, 2012 14
  15. 2012 ANNUAL SHAREHOLDERS MEETING – Total SA – slide 15
    Key figures for 2011 15 % improvement in safety (TRIR) 2.35 Mboe/d production 3 giant discoveries 185 % proved reserve replacement rate +11 % adjusted net income to 11 B 16 B net investment Implementing the new dynamic…
  16. 2012 ANNUAL SHAREHOLDERS MEETING – Total SA – slide 16
    Strong structural support for oil prices Brent price 111 /b Oil demand 2010-2020 growth of +1% per year, driven 79.5 /b by non-OECD countries 62 /b Challenges to increase supply due to technological and geopolitical Spare…
  17. 2012 ANNUAL SHAREHOLDERS MEETING – Total SA – slide 17
    Increasing worldwide demand for gas and LNG GAS LNG DEMAND +2.5% per year 2010-20 DEMAND +5% per year 2010-20 LNG supply / demand Mt/y Increasing demand driven by 3 markets: LNG demand 100 Mt/y Asia: +6.2% per year 400 15…
  18. 2012 ANNUAL SHAREHOLDERS MEETING – Total SA – slide 18
    Strong 2011 performance driven by Upstream Adjusted net income 20% Upstream ROACE +11% 11.4 B Stable 2011 production Captured rising oil prices 10.3 B +32% 7% Downstream 7.8 B ROACE Challenging market conditions Improving…
  19. 2012 ANNUAL SHAREHOLDERS MEETING – Total SA – slide 19
    First results of revitalized exploration strategy 3 giant discoveries 6 other discoveries 12 new licenses Bolivia French Azerbaijan Guiana Shareholders meeting May 11, 2012 19
  20. 2012 ANNUAL SHAREHOLDERS MEETING – Total SA – slide 20
    2011 reserve replacement rate of 185 % Proved reserve replacement rate % 11.4 Bboe of proved reserves 200 200 185% 180 13 years of proved reserve life at current 160 production pace 140 120 20 years of proved and…
  21. 2012 ANNUAL SHAREHOLDERS MEETING – Total SA – slide 21
    Repositioning through portfolio management 2010-11 finalized transactions Acquisitions Asset sales 5 Bboe resources Downstream acquired at less than 3 /boe Upstream in Upstream 17 B 15 B Chemicals Strengthening positions in…
  22. 2012 ANNUAL SHAREHOLDERS MEETING – Total SA – slide 22
    Increasing cash flow supports strong investment and dividend policy Cash flow allocation 28 B 19 B Net acquisitions / asset sales Change in net 50% increase in debt* Dividend adjusted cash flow from operations (2009-11) Net…
  23. 2012 ANNUAL SHAREHOLDERS MEETING – Total SA – slide 23
    1Q 2012 Performance Adjusted net income Upstream Production stable Hydrocarbon prices continued to increase +13% 3.1 B 2.7 B Start-up of Usan Launched 3 major projects, including Ichthys in Australia Downstream Refining…
  24. 2012 ANNUAL SHAREHOLDERS MEETING – Total SA – slide 24
    STRATEGY AND OUTLOOK Christophe de Margerie Shareholders meeting May 11, 2012 24
  25. 2012 ANNUAL SHAREHOLDERS MEETING – Total SA – slide 25
    Keys to success Operational excellence Unlocking value Growing contributions of LNG Safety first and deep offshore Experienced teams Revitalized Exploration Expertise in project management Restructuring Downstream-Chemicals…
  26. 2012 ANNUAL SHAREHOLDERS MEETING – Total SA – slide 26
    A responsable actor Improving access to new energies Working with host countries Pazflor (Angola) Investing in photovoltaic solar 3.6 M man-hours worked and biofuels USAN (Nigeria) Examples of local impact 50% of man-hours…
  27. 2012 ANNUAL SHAREHOLDERS MEETING – Total SA – slide 27
    Ambitious exploration program for 2012-2013 Conventional wells Frontier wells Targeting more wells on larger prospects Increasing exploration budget to 2.5 B in 2012 Shareholders meeting May 11, 2012 27
  28. 2012 ANNUAL SHAREHOLDERS MEETING – Total SA – slide 28
    2015 production growth fueled by more than 25 project start-ups 2013-15 start-ups 2012 start-ups 2011 start-ups Islay Usan Pazflor Bongkot South Shareholders meeting May 11, 2012 28
  29. 2012 ANNUAL SHAREHOLDERS MEETING – Total SA – slide 29
    Contribution of LNG to value creation Second-largest LNG player 20% of 2011 production Since 2009, Upstream LNG* volumes +50% 27% of Upstream results More than 70% of Upstream LNG committed on long-term contracts indexed to oil…
  30. 2012 ANNUAL SHAREHOLDERS MEETING – Total SA – slide 30
    Industry leader in deep offshore Exploration Planned FID/Under development Producing 10% of production in 2011, about 20% of Upstreams adjusted net income Shareholders meeting May 11, 2012 30
  31. 2012 ANNUAL SHAREHOLDERS MEETING – Total SA – slide 31
    Restructuring Downstream Industrial Commercial Refining-Chemicals Supply-Marketing Refining and base chemicals, Retail network, plus wholesale polymers, speciality chemicals, for fuels, lubricants, LPG, Trading bitumen,…
  32. 2012 ANNUAL SHAREHOLDERS MEETING – Total SA – slide 32
    Focusing on major integrated platforms Refinery Refinery & Petrochemical plant Petrochemical plant XXX Port Arthur Normandy Antwerp Jubail Qatar Daesan Shareholders meeting May 11, 2012 32
  33. 2012 ANNUAL SHAREHOLDERS MEETING – Total SA – slide 33
    Downstream: 3 drivers to deliver 5% increase in profitability ROACE for Refining-Chemicals and Supply-Marketing 14% +2.0% +1.5% 9% +1.5% Efficiencies / Major Refining- Portfolio Synergies/ Petrochemicals changes Benefits…
  34. 2012 ANNUAL SHAREHOLDERS MEETING – Total SA – slide 34
    20 B budget for 2012 net investments 24 B Supply-Marketing Refining- 20 B Chemicals 80% of investments Net dedicated to Upstream acquisitions/ asset sales Upstream Asset sales integrated into strategy 4 B of asset sales…
  35. 2012 ANNUAL SHAREHOLDERS MEETING – Total SA – slide 35
    Ample cash flow to fund growing net investments and dividend Cash flow and net investments* B 35 30 Robust cash flow generation 25 80 /b enhanced by project start-ups 20 15 23 G average net investments for 2012-14 10 5 0 7…
  36. 2012 ANNUAL SHAREHOLDERS MEETING – Total SA – slide 36
    Implementing the new dynamic Priority to operate safely and responsibly More ambitious exploration program Production to grow for 2015 Increasing cash flow with accretive start-ups Downstream restructuring to increase…

From the store

Browse maps, data & reports in the Shale Experts store