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Q1 2013 RESULTS – Bashneft

Bashneft · Jun 3, 2013 · 19 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 2013 RESULTS – Bashneft – slide 1
    Bashneft Group IFRS results for the first quarter of 2013
  2. Q1 2013 RESULTS – Bashneft – slide 2
    Bashnefts key achievements in the first quarter of 2013 Operating results Average daily oil production increased by 0.5% to 311.8 thousand bbl/d, hitting a record high over the last 17 years; Average daily refining remained at the…
  3. Q1 2013 RESULTS – Bashneft – slide 3
    Bashneft Groups key indicators for 1Q 2013 1Q 2013 4Q 2012 , % Indicator 1Q 2013 1Q 2012 , % 3.38 3.39 -0.2% Urals price, thousand roubles/barrel 3.38 3.54 -4.6% 3,844 3,908 -1.6% Crude oil production, thousand tonnes 3,844 3,840…
  4. Q1 2013 RESULTS – Bashneft – slide 4
    Production reaches a new record level Average daily oil production, thousand bbl/d In the first quarter of 2013, Bashnefts average daily production reached +13,9% 320 312 thousand bbl/d, hitting a record high over the last 17 years;…
  5. Q1 2013 RESULTS – Bashneft – slide 5
    Update on the T&T project Results for the 5 months of 2013 Plans for 2013 During the five months of 2013, 3D seismic surveys totaled 732 square km; In the second half of 2013, Bashneft plans to produce about 300 thousand Five wells…
  6. Q1 2013 RESULTS – Bashneft – slide 6
    The refinery upgrade programme implemented at the Ufa refineries enables Bashneft to meet the requirements of the Technical Regulations for fuel quality in due time Oil refining In the first quarter of 2013, Bashneft refined 5.2 million…
  7. Q1 2013 RESULTS – Bashneft – slide 7
    Bashnefts strategic priority in oil refining is to continue the implementation of the refinery upgrade programme Most important upgrade projects in 2012-2013 In 2012 the project aimed at increasing the capacity of the delayed coker…
  8. Q1 2013 RESULTS – Bashneft – slide 8
    Main objectives of Bashnefts oil refining strategy In the sphere of oil refining, Bashneft implements over 30 investment projects aimed at completing the following primary tasks: Continuing the implementation of the upgrade…
  9. Q1 2013 RESULTS – Bashneft – slide 9
    Marketing: efficiently developing own marketing channels The number of Bashnefts own and leased filling stations increased Exports of petroleum products from 319 at the beginning of 2010 to 470 in the first quarter of 2013; 1Q2013…
  10. Q1 2013 RESULTS – Bashneft – slide 10
    Rebranding of Bashnefts filling stations: 98 stations by the end of 2013 The concept of Bashnefts brand includes a uniform style and exterior design, as well as The Republic of Bashkortostan: Renovation 6; (depending on the type of…
  11. Q1 2013 RESULTS – Bashneft – slide 11
    Bashneft has consolidated its petrochemical assets in order to develop petrochemical production as a separate business JSOC Bashneft 98% OJSC United Petrochemical 56.5% Company 100% 2% 100% Gas processing plants: OJSC…
  12. Q1 2013 RESULTS – Bashneft – slide 12
    Macro indicators, 1Q 2013* 1Q 2013 4Q 2012 , % Indicator 1Q 2013 1Q 2012 , % 30.4 31.1 -2.3% Average RUB/USD exchange rate 30.4 30.3 0.3% 1.9% 1.4% 0.5 p.p. Inflation for the period, % 1.9% 1.5% 0.4 p.p. 24.0 24.1 -0.4% Diesel…
  13. Q1 2013 RESULTS – Bashneft – slide 13
    Changes in revenue Revenue factor analysis, thousand tonnes, 1Q 2013 vs. 4Q 2012 In the first quarter of 2013, Bashneft Groups revenue totalled 6 200 -7,3% 125,580 million roubles, which is 10.2% less than in the fourth 6 100 0 (8)…
  14. Q1 2013 RESULTS – Bashneft – slide 14
    Factor analysis of EBITDA and operating expenses EBITDA factor analysis, million roubles, 1Q 2013 vs. 4Q 2012 25 000 +9,2% 22 500 20 000 4 701 17 500 1 316 15 000 2 427 12 500 (14 234) (321) 180 3 226 21 223 10 000 19 427 7 500 4…
  15. Q1 2013 RESULTS – Bashneft – slide 15
    Changes in operating expenses 1Q 2013 4Q 2012 , % Operating expenses, bln roubles 1Q 2013 1Q 2012 , % 12.5 14.9 -16.3% Production and operating expenses 12.5 11.3 10.3% 28.7 33.2 -13.6% Cost of purchased crude oil, gas and petroleum…
  16. Q1 2013 RESULTS – Bashneft – slide 16
    Unit costs: strict cost control Unit production costs, roubles/bbl* In the first quarter of 2013, unit costs for production of crude oil decreased by 250 240 9.8% as compared to the fourth quarter of 2012 and amounted to 216.5 202.3…
  17. Q1 2013 RESULTS – Bashneft – slide 17
    CAPEX and investments in the acquisition of property, plant and equipment In the first quarter of 2013, capital expenditure decreased by 48.0% compared to the fourth CAPEX breakdown in 1Q 2013, quarter of 2012 and totalled 5,820…
  18. Q1 2013 RESULTS – Bashneft – slide 18
    Debt portfolio: consistent efforts to reduce borrowing costs As of March 31, 2013, the Groups total debt in the form of short-term and Debt structure, bln roubles Short-term long-term borrowings amounted to 125.2 billion roubles;…
  19. Q1 2013 RESULTS – Bashneft – slide 19
    Thanks for your attention 5, 1-st Tverskaya-Yamskaya, Moscow, 125047, Russia Tel: +7 495 228 15 96 Fax: + 7 495 228 15 97 irbashneft.ru

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