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Q2 2012 EARNINGS CALL – Maersk Oil

Maersk Oil · Aug 14, 2012 · 18 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. Q2 2012 EARNINGS CALL – Maersk Oil – slide 1
    A.P. Mller Mrsk Interim Report Q2 2012 14 August 2012 - Conference call 9.30am CET Webcast available at www.maersk.com
  2. Q2 2012 EARNINGS CALL – Maersk Oil – slide 2
    page 2 Forward-looking Statements This presentation contains forward-looking statements. Such statements are subject to risks and uncertainties as various factors, many of which are beyond A.P. Mller - Mrsk A/S control, may cause…
  3. Q2 2012 EARNINGS CALL – Maersk Oil – slide 3
    page 3 Executing on Group strategy Profit was USD 965m and ROIC was 8.8% Maersk Line turned profit making. Further rate increases on most trades were implemented supported by capacity reductions. HQ was reorganised and units…
  4. Q2 2012 EARNINGS CALL – Maersk Oil – slide 4
    page 4 Group Financial Highlights Q2 2012 Group Financial Highlights Group Financial Highlights Q2 2012 (Q2 2011) USD million Q2-11 Q2-12 Profit was USD 965m for Q2 (USD 1,570m) 2,000 1,570 Maersk Lines profit was USD 227m (loss…
  5. Q2 2012 EARNINGS CALL – Maersk Oil – slide 5
    page 5 Maersk Line Q2 Q1 Q2 FY Highlights Q2 2012 (USD million) 2012 2012 2011 2011 Volumes increased 11% Y/Y to 2.2m FFE supported by an Revenue 7,322 6,312 6,276 25,108 increase on Europe to Asia and intra Asian volume EBITDA 694…
  6. Q2 2012 EARNINGS CALL – Maersk Oil – slide 6
    page 6 Maersk Oil Q2 Q1 Q2 FY Highlights Q2 2012 (USD million) 2012 2012 2011 2011 Profit was negatively influenced by a 17% reduction in share Revenue 2,724 2,538 3,510 12,616 of production Y/Y driven by lower share from Qatar as…
  7. Q2 2012 EARNINGS CALL – Maersk Oil – slide 7
    page 7 APM Terminals Q2 Q1 Q2 FY Highlights Q2 2012 (USD million) 2012 2012 2011 2011 Revenue 1,189 1,205 1,151 4,682 Result was supported by a gross throughput EBITDA 299 274 265 1,059 increase of 7% driven by West Africa and…
  8. Q2 2012 EARNINGS CALL – Maersk Oil – slide 8
    page 8 Maersk Drilling Q2 Q1 Q2 FY Highlights Q2 2012 (USD million) 2012 2012 2011 2011 Revenue 465 488 451 1,878 The result was affected by a reversed EBITDA 162 221 183 862 impairment of USD 30m and delayed yard stay on two…
  9. Q2 2012 EARNINGS CALL – Maersk Oil – slide 9
    page 9 Other business units and investments Profit from other business units was USD 259m in total. Profit by activity* Maersk Supply Service USD million Q2-2012 Q2-2011 Low activity primary in North Sea but high activity levels…
  10. Q2 2012 EARNINGS CALL – Maersk Oil – slide 10
    page 10 Consolidated Financial Information Income statement (USD million) Q2 2012 Q2 2011 Q1 2012 H1 2012 H1 2011 FY 2011 Revenue 15,348 15,439 14,316 29,664 29,927 60,230 EBITDA 3,582 4,083 2,541 6,123 8,205 14,661 Depreciation, etc.…
  11. Q2 2012 EARNINGS CALL – Maersk Oil – slide 11
    page 11 Development in Net Interest-bearing Debt USD billion No immediate refinancing need Interim Report Q2 2012
  12. Q2 2012 EARNINGS CALL – Maersk Oil – slide 12
    page page 12 12 Outlook for 2012 The Group revises its expected result for 2012 upwards from Sensitivities for the remainder of 2012 slightly lower to slightly above the result for 2011 (USD 3.4bn). Cash flow used for capital…
  13. Q2 2012 EARNINGS CALL – Maersk Oil – slide 13
    page 13 Final remarks The Group continues to prioritise investments in the four core growth businesses Maersk Line will grow with the market and aims to achieve an EBIT- margin 5%-points above peers. The Group sees limited need…
  14. Q2 2012 EARNINGS CALL – Maersk Oil – slide 14
    page 14 Q & A - To ask a question please press 01 Interim Report Q2 2012
  15. Q2 2012 EARNINGS CALL – Maersk Oil – slide 15
    page 15 Group Financial Highlights H1 2012 Group Financial Highlights Group Financial Highlights H1 2012 (H1 2011) USD million H1-11 H1-12 Profit for the Group was USD 2,140m for H1 (USD 3,000 2,733 2,733m) 2,500 2,140 2,000…
  16. Q2 2012 EARNINGS CALL – Maersk Oil – slide 16
    page 16 Consolidated Financial Information Income statement (DKK million) Q2 2012 Q2 2011 Q1 2012 H1 2012 H1 2011 FY 2011 Revenue 88,818 80,117 81,250 170,068 159,229 322,520 EBITDA 20,683 21,149 14,422 35,105 43,654 78,506…
  17. Q2 2012 EARNINGS CALL – Maersk Oil – slide 17
    page 17 Maersk Oil Exploration and Development Maersk Oils pipeline of major field developments Field (Country) Planned Equity share Share of production start production Dunga 2012 60% 15,000 boepd (Kazakhstan) El Merk…
  18. Q2 2012 EARNINGS CALL – Maersk Oil – slide 18
    page 18 Maersk Oils Share of Production and Exploration Costs Maersk Oils share of production 000 boepd 500 450 400 350 300 250 200 150 100 50 0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012e DK UK Qatar…

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