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Q3 2013 RESULTS – Rosneft Oil Company

Rosneft Oil Company · Oct 29, 2013 · 24 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. Q3 2013 RESULTS – Rosneft Oil Company – slide 1
    OJSC Rosneft Q3 and 9M 2013 Q IFRS Results 29 October, 2013 29.10.2013
  2. Q3 2013 RESULTS – Rosneft Oil Company – slide 2
    Important Notice The information contained herein has been p prepared p byy the Company. p y The opinions p presented herein are based on p general information gathered at the time of writing and are subject to change without…
  3. Q3 2013 RESULTS – Rosneft Oil Company – slide 3
    Q3 2013 Key Operating and Financial Highlights(1) 4,884 kboepd hydrocarbon production, growth by 1,356 RUB bln revenue, 15.3% growth 2 0% 2.0% 4,193 kbpd crude oil production, 5% of global oil 303 RUB bln record high EBITDA(3),…
  4. Q3 2013 RESULTS – Rosneft Oil Company – slide 4
    Key Events(1) Consolidation of NGK Itera and getting full control over Taas-Yuryakh Neftegazodobycha, acquisition of Alrosa gas assets and 19.6% stake in SeverEnergia agreed, heads of agreement on acquisition of a 51% interest in…
  5. Q3 2013 RESULTS – Rosneft Oil Company – slide 5
    Macroeconomic Environment Q313 Q213 9M13 9M12 Average USD/RUB exchange rate 32.80 31.61 3.8% 31.62 31.10 1.7% Inflation for the period, % 1.2 1.6 4.7 5.2 Urals (FOB Primorsk), th. RUB/bbl 3 58 3.58 3 17 3.17 12 7% 12.7% 3 36…
  6. Q3 2013 RESULTS – Rosneft Oil Company – slide 6
    Financial Results Overview Item name(1) Q313 Q213 Revenues and R d equity it share h in i profits fit off associates i t and d 1,356 1,176 15.3% joint ventures Oil, gas, petroleum products and petrochemicals sales 1,339 1,158…
  7. Q3 2013 RESULTS – Rosneft Oil Company – slide 7
    Efficient Maintenance of Production Levels Stable production at brownfields: Daily crude oil production at Samaraneftegaz in 2013 kbpd 1% 1% production d ti growth th att Yuganskneftegaz Y k ft and d 240 RN-Nyagan(1) 230 2.5%…
  8. Q3 2013 RESULTS – Rosneft Oil Company – slide 8
    Progress in Gas Business Development Production Acquisition of 49% stake in completed Agreement on acquisition of gas assets: 100% in Geotransgaz, Geotransgaz Urengoi Gas Company, Irelyakhneft, 100% in ALROSA -Gas Up to 21(1) bcm…
  9. Q3 2013 RESULTS – Rosneft Oil Company – slide 9
    Refinery Modernization Program: On Track CAPEX Q313 key events 867 RUB bln CDU CDU-12 12 crude distillation unit commissioned at Tuapse refinery 366 RUB bln financed as of Sep 30, 2013 Capacity commissioning Euro-5 gasoline and…
  10. Q3 2013 RESULTS – Rosneft Oil Company – slide 10
    Increasing Marketing Efficiency Starting supplies to Czech refineries premium Sales via own network market as compared to common export channels tpd Starting supplies to CNPC under the new long-term oil supply contract 12.2 13.1…
  11. Q3 2013 RESULTS – Rosneft Oil Company – slide 11
    Revenue Structure and Growth Revenue structure in Q313 Revenue growth 3.0% 1.2% RUB bln 1 356 16 (6) 7 37 17.6% 23 34 ((6)) 1 356(1) 1,356 46.6% 75 RUB bln 1 176 27.2% 2.6% 1.8% Q2'13 Crude oil Crude oil Export of…
  12. Q3 2013 RESULTS – Rosneft Oil Company – slide 12
    Cost Control Cost structure in Q313 Controlled expenses RUB/bbl 158 159 8.4% 2.8% 0.4% 10.2% 32.4% 1,173 101 102 9.2% RUB bln 11.8% 24.8% Export customs duty Taxes in cost Cost of purchased oil and petroleum products…
  13. Q3 2013 RESULTS – Rosneft Oil Company – slide 13
    EBITDA Reconciliation RUB bln (26) (20) (39) 180 (5) (2) 303 215 Q213 Q2 13 Revenue MET Export duty Purchase of oil, Transport Other Q313 Q3 13 petroleum products and gas 13
  14. Q3 2013 RESULTS – Rosneft Oil Company – slide 14
    Stable Cash Flow to Finance Investment Program Operating cash flow(1) and CAPEX 300 RUB bln 5 216 201 200 186 3 120 120 100 1.7 1.7 1.3 1.3 1 1.0 0 Q312 Q412 Q113 Q213 Q313 -1 -100 -95 -107 -123 -130 -153 -3…
  15. Q3 2013 RESULTS – Rosneft Oil Company – slide 15
    Credit Profile Weighted average cost of debt, % Repayment profile(1) RUB bln 4% 3.8% 3.5% 3.1% 3% 961 619 587 229 253 2% December 31, 2011 December 31, 2012 September 30, 2013 2013 2014 2015 2016 2017 and b beyond…
  16. Q3 2013 RESULTS – Rosneft Oil Company – slide 16
    Increasing Dividend Yield Rosnefts Dividend per share (DPS) growth RUB 8.05 7.53 2.30 2.76 1.92 1.33 1 60 1.60 2006 2007 2008 2009 2010 2011 2012 2013 Revaluation of TNK-BP assets increases DPS by RUB 3.94 As a…
  17. Q3 2013 RESULTS – Rosneft Oil Company – slide 17
    Appendix
  18. Q3 2013 RESULTS – Rosneft Oil Company – slide 18
    Non-controlled Expenses th. RUB/t 12.56 Export duty 12.13 11.73 12.64 12.36 13.74 12.01 MET 5.28 5.15 5.63 Yugansk-Novorossiysk 5.01 5.26 tariff 4.96 1.49 4.83 1.49 1.59 1.55 1.59 Net exporter revenue 1.59 1.49 6.78…
  19. Q3 2013 RESULTS – Rosneft Oil Company – slide 19
    Transportation Costs Transportation costs per unit(1) Transportation costs RUB/t RUB bln 2,160 2,143 2,085 4 2,004 1 108 103 Q213 Q313 9M 2012 9M 2013 Q213 Change in Volume increase Q313 routes structure Changes of…
  20. Q3 2013 RESULTS – Rosneft Oil Company – slide 20
    Finance Expenses, RUB bln Q313 Q213 Q113(3) Q3 Q2 Q2 Q1 2013 2013 1. Interest accrued (1) 19 19 14 35.7% 2 Interest paid 2. 22 14 15 57 1% 57.1% (6 7)% (6.7)% 3. Change in interest payables (1-2) (3) 5 (1) (160.0)% (600.0)% 4.…
  21. Q3 2013 RESULTS – Rosneft Oil Company – slide 21
    FX (loss)/gain RUB bln RUB/USD 29 30 28 25 20 29 15 10 10 6 7 3 30 5 1 0 0 -5 Jul Aug Sept Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 31 -2 -4 -10 -6 -6 -8 -15 -12 -14 32 -20 -25 33 -30 -35 -40 Forex…
  22. Q3 2013 RESULTS – Rosneft Oil Company – slide 22
    Sources and Uses of Cash(1) Decrease in cash 9 Payments in respect 34 of the debt and short term investments 85 Dividends payout Acquisition of 51 5 assets Operating cash flow 263 CAPEX and 152 i t interests…
  23. Q3 2013 RESULTS – Rosneft Oil Company – slide 23
    Net Debt Reconciliation RUB bln 26 (23) 85 (32) 102 (263) 152 1,862 1,909 Net debt as of June Operating cash flow CAPEX and interests Itera abd Taas- Dividends payout Net debt of Itera, FOREX Other Net debt as of 30,…
  24. Q3 2013 RESULTS – Rosneft Oil Company – slide 24
    Thank you for your attention

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