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2012 EARNINGS CALL – Total SA

Total SA · Feb 13, 2013 · 32 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 EARNINGS CALL – Total SA – slide 1
    2012 Results d outlook and tl k February 2013 Results and outlook February 2013 1
  2. 2012 EARNINGS CALL – Total SA – slide 2
    Results ZONE DIMAGE Results and outlook February 2013 2
  3. 2012 EARNINGS CALL – Total SA – slide 3
    HSE is everyones responsibility A global safety framework for Assessing g and minimizing g risk Mitigating consequences of incidents Learning lessons from incidents Improving TRIR while increasing activity 490 5.1 million…
  4. 2012 EARNINGS CALL – Total SA – slide 4
    Favorable 2012 environment BRENT Stable on average GAS Different regional evolutions 20 16 /Mbtu 120 112 /b 15 9 /Mbtu 100 10 80 5 3 /Mbtu Spare 2010 2011 2012 capacity 5% 3% 3% Change in oil demand +2.4 Mb/d +0.6…
  5. 2012 EARNINGS CALL – Total SA – slide 5
    Competitive 2012 performance Adjusted net income Change in adjusted net income 2012 vs 2011 B versus ers s peers* 16 B 10% 0% Upstream -10% Refining & Chemicals Marketing & Services Other -20% 2010 2011 2012…
  6. 2012 EARNINGS CALL – Total SA – slide 6
    On track to execute 15-20 B divestment program 20 B Other in p progress g (incl. TIGF) 15 B Simplifying portfolio 15 B and unlocking value from Affiliates and assets Usan with t limited ted upside ups de 6 B Assets with…
  7. 2012 EARNINGS CALL – Total SA – slide 7
    Solid cash flow generation Cash flow allocation B 29 B Change Net asset sales in net debt / acquisitions i iti 23 8 B organic investments 23.8 Dividend in line with budget 6 8 B dividend, 6.8 di id d iincluding l di Cash…
  8. 2012 EARNINGS CALL – Total SA – slide 8
    Competitive Upstream despite 2012 one-offs Production Production and Upstream adjusted Net Mboe/d O Operating ti Income I i /b in /boe ffor T Total t l and d peers** 2012 versus 2011 Start ups Start-ups Production +10%…
  9. 2012 EARNINGS CALL – Total SA – slide 9
    Results of revitalized exploration strategy 2012 main discoveries 2012 main new acreage Norway King Lear Kazakhstan UK Bulgaria Tajikistan* Iraq USA North Platte Yemen Mauritania Myanmar RDC Philippines Colombia…
  10. 2012 EARNINGS CALL – Total SA – slide 10
    2012 reserve replacement rate Proved reserves Reserve replacement rate Bboe at year ear end New Portfolio 136% 11.4 contributions changes 11.4 Price effect Production 5% 75% Organic reserve replacement rate of 100%…
  11. 2012 EARNINGS CALL – Total SA – slide 11
    Focused on delivering projects on time and in budget CLOV Module lifting on FPSO completed Status of main sanctioned projects Subsea installation campaign started % of EPC progress Start-up Angola LNG 2013 Kashagan 2013 OML 58…
  12. 2012 EARNINGS CALL – Total SA – slide 12
    Leveraging leading positions in LNG LNG capacities Increasing LNG volumes to Asia Mt and redirected cargos +75% 17 Mt +40% 50% 13 Mt Decline Under construction 9 Mt 0% 2007 2012 2017 2011 2012 Expanding global LNG…
  13. 2012 EARNINGS CALL – Total SA – slide 13
    Refining & Chemicals, increased results European margin indicators Adjusted net operating income /t /t B 1.8 B 600 Polymer margins +38% 60 1.3 B 400 40 200 20 ERMI 0 0 2010 2011 2012 2010 2011 2012 Polymer margins 468 /t…
  14. 2012 EARNINGS CALL – Total SA – slide 14
    Jubail, starting up a major new platform Start-up schedule End of construction phase Start-up of units phase Ramp-up to nominal capacity 1Q 2013 2Q 2013 3Q 2013 4Q 2013 Construction 95% complete Pre-commissioning Pre- 43%…
  15. 2012 EARNINGS CALL – Total SA – slide 15
    Marketing & Services, robust performance Strengthening leadership in Africa and Middle East 2012 Marketing & Services adjusted dj t d nett operating ti income i 1.1 B Other Asia Americas Growing in high-value lubricants…
  16. 2012 EARNINGS CALL – Total SA – slide 16
    High-potential exploration in next 12 months Elephant and Elephant andBigBig CatCat prospects prospects 2013 exploration budget i d tto 2.8 increased 2 8 B Target 60+ wells with 90% rigs already under contract Egypt…
  17. 2012 EARNINGS CALL – Total SA – slide 17
    Stable net investments in 2013 Net investments B Organic Net asset sales investments* / acquisitions 30 28 B 6 B N t Net investments 22 B net investments 2013 budget 22 B in line with actual 2011 and 2012 20 23 Upstream…
  18. 2012 EARNINGS CALL – Total SA – slide 18
    Outlook ZONE DIMAGE Results and outlook February 2013 18
  19. 2012 EARNINGS CALL – Total SA – slide 19
    Evolving markets with limited impact on fundamentals OIL Production capacity LNG Supply and demand Mb/d 60 Mb/d of Mt/y incremental production 100 600 LNG demand Tight Ti ht oil, il Extra Heavy Oil Unsanctioned 400…
  20. 2012 EARNINGS CALL – Total SA – slide 20
    Exciting pipeline of major start-ups Focusing on execution to deliver sanctioned projects on time and in budget 2012 2013 2014 2015 2016 Usan* Sulige Ekofisk South Eldfisk 2 Tempa Rossa Islay Anguille Ph 3 CLOV Surmont 2 Moho…
  21. 2012 EARNINGS CALL – Total SA – slide 21
    Increasing visibility for production growth Production 3 Mb /d - Brent Mboe/d B t price i 100 /b Mb /d Mboe/d +1 Mboe/d 3 2011-15 Confirming targets 3% CAGR Gas 2011-15 2011 15 3% 3% CAGR 2017 potential for 3 Mboe/d 2…
  22. 2012 EARNINGS CALL – Total SA – slide 22
    High-quality Upstream projects Expected return of 2012-17 project start-ups f Total for T t l and d peers** Large investment program IRR (%) with competitive profitability 16 Well-defined investment criteria Balance of short /…
  23. 2012 EARNINGS CALL – Total SA – slide 23
    Building foundation for post-2017 Exploration Production base Long-plateau projects 6 Bboe risked exploration potential* More than 45 years of resources Replacing reser reserves es Deep offshore Giant fields through…
  24. 2012 EARNINGS CALL – Total SA – slide 24
    Refining & Chemicals, on track to achieve p profitability y target g byy 2015 2011 - 2012 2013 2014 - 2015 Efficiencies / synergies +2.5% 13% Portfolio changes Specialty +2% Major projects chemicals 2013 9.5% 2013 on…
  25. 2012 EARNINGS CALL – Total SA – slide 25
    Rising cash flow supports investment strategy Operating cash flow and net investments* B 40 Accelerating cash flow growth Accretive contribution of start-ups p Restructuring Refining & Chemicals 20 Investing for the future…
  26. 2012 EARNINGS CALL – Total SA – slide 26
    Strategic rebalancing of capital employed Capital employed and share Upstream Capital Employed off non-producing d i assetst Downstream D t & other 80% Non-OECD 75% countries Upstream 50% 45% 35% Share of non…
  27. 2012 EARNINGS CALL – Total SA – slide 27
    Strong financial position and dividend policy Strong balance sheet 2012 total shareholder returns* B i in Net debt 8.0% 100 50 Equity Gearing 27% 22% 23% 21% 2009 2010 2011 2012 Chevron Exxon BP Shell Favorable…
  28. 2012 EARNINGS CALL – Total SA – slide 28
    Committed to operating responsibly Being a responsible investor in Myanmar Promoting ethical values, human rights and transparency Units of Pazflor project made in Angola Respecting the environment Improving access to…
  29. 2012 EARNINGS CALL – Total SA – slide 29
    A clear path forward Relying on exploration success to provide future organic growth Delivering g next g generation of major Upstream projects Increasing competitiveness with a restructured Downstream Engaged in a…
  30. 2012 EARNINGS CALL – Total SA – slide 30
    Appendix ZONE DIMAGE Results and outlook February 2013 30
  31. 2012 EARNINGS CALL – Total SA – slide 31
    Diversified portfolio of major Upstream projects Capacity Projects Countries (kboe/d) Share Op* Status Production Mboe/d Sulige China Gas 50 49% Dev. Brent price 100 /b Anguille Redev. Ph.1-3 Gabon Liquids 20 100% Dev. 3 Angola…
  32. 2012 EARNINGS CALL – Total SA – slide 32
    2013 net cash flow sensitivity Brent is the main environmental +10 /b Brent driver for results Low exposure to Henry Hub gas price +1% production +10 /t ERMI B 1 2 3 Brent 100 /b; ERMI 30 /t; 1 = 1.30 Indicated…

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