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August and September 2015 Investor Presentation – BG Group

BG Group · Jul 31, 2015 · 22 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. August and September 2015 Investor Presentation – BG Group – slide 1
    BG Group Investor update August/September 2015 FPSO Cidade de Ilhabela, Brazil
  2. August and September 2015 Investor Presentation – BG Group – slide 2
    Q2 2015 results E&P production up 19% at 703 kboed; full year guidance moved to the upper half of 650 - 690 kboed range Q2 2015 Australia and Brazil average E&P production more than doubled to 80 kboed and 143 kboed, respectively…
  3. August and September 2015 Investor Presentation – BG Group – slide 3
    Q2 2015 results Recommended offer by the Boards of BG Group & Shell 383p cash plus 0.4454 of a Shell B share per BG Group share Combination valued each BG Share at 1350p* Royal Dutch Recommended on basis that it accelerates and…
  4. August and September 2015 Investor Presentation – BG Group – slide 4
    Operational update Karachaganak, Kazakhstan
  5. August and September 2015 Investor Presentation – BG Group – slide 5
    Operational update Net production (kboed) 90 Q2 net production 80 kboed 80 Peak daily production of 100 kboed reached in July QCLNG 70 Third-party gas supplies to ramping-up 60…
  6. August and September 2015 Investor Presentation – BG Group – slide 6
    Operational update Assumed operational control of Train 1 in May start of commercial QCLNG operations progress Pipeline sale completed gross proceeds of 4.6 billion Train 2 started up and 2 cargoes shipped in July Plateau…
  7. August and September 2015 Investor Presentation – BG Group – slide 7
    Operational update Net production (kboed) 160 Q2 net production 140 143 kboed Brazil 120 Record production in July, reached 159 kboed continues to 3 FPSOs on plateau 100 ramp-up FPSOs 4 & 5 ramping up; 80 3 and 4 wells…
  8. August and September 2015 Investor Presentation – BG Group – slide 8
    Operational update FPSO schedule* 10-15 7 Lula Lula FPSO 6 on location North Alto expected onstream in Q3* FPSOs 7-9 integration work Brazil 8 continues; onstream 2016* Lula Atap outlook Lula Central South South FPSO 7…
  9. August and September 2015 Investor Presentation – BG Group – slide 9
    Operational update Net production (kboed) 600 Q2 performance Knarr ramping up 500 Managing Karachaganak higher net entitlement the base 400 Declines in Egypt, UK assets and USA 300 Q3 outlook Planned shutdowns 200 Lower…
  10. August and September 2015 Investor Presentation – BG Group – slide 10
    Operational update LNG cargoes H1 2015 Supply 140 120 100 Spot purchases H1 EBITDA 971 million 80 Equatorial Guinea Higher cargo deliveries Nigeria LNG 60 QCLNG New QCLNG volumes Additional spot cargoes performance 40…
  11. August and September 2015 Investor Presentation – BG Group – slide 11
    Operational update BG Group operates as an independent company Helge Lund, Chief Executive, has committed to stay with BG Group 2015 until transaction completion leadership Strong leadership team in place to manage through…
  12. August and September 2015 Investor Presentation – BG Group – slide 12
    Operational update Production now expected in upper half of 650-690 kboed range Q3 volumes broadly similar to H1, then increasing in Q4 2015 outlook LNG Shipping & Marketing EBITDA expected between 1.3-1.5 billion* Net finance…
  13. August and September 2015 Investor Presentation – BG Group – slide 13
    BG Group Appendices FPSO Cidade de Ilhabela, Brazil
  14. August and September 2015 Investor Presentation – BG Group – slide 14
    Appendices million H1 2015 H1 2014 % change Upstream 2 008 3 851 -48% Financial LNG Shipping & Marketing 971 1 515 -36% highlights Business Performance EBITDA 2 963 5 368 -45% H1 2015 DD&A (1 391) (1 439) -3% Business…
  15. August and September 2015 Investor Presentation – BG Group – slide 15
    Appendices million H1 2015 H1 2014 % change Business Performance EBIT 1 572 3 929 -60% Financial Net finance costs (99) (58) +71% highlights Tax (479) (1 510) -68% H1 2015 Business Performance earnings 994 2 361 -58% continued…
  16. August and September 2015 Investor Presentation – BG Group – slide 16
    Appendices 2015 outlook % change billion 2014 H1 2015 vs 2014 vs H1 2014 Reducing capital Brazil 2.4 Similar 1.3 +17% spend Australia 3.6 Lower by 50% 0.7 -65% Base assets 2.6 Lower by 50% 0.8 -28% Exploration 0.8 Similar…
  17. August and September 2015 Investor Presentation – BG Group – slide 17
    Appendices Net debt at 8.5 billion, average maturity 14 years; gearing 21.7% Strong liquidity position Capital QCLNG pipeline disposal gross proceeds of 4.6 billion received in June structure, 7.5 billion cash and cash equivalents…
  18. August and September 2015 Investor Presentation – BG Group – slide 18
    Appendices mmboe 20000 18 511 17 771 2014 performance 17 016 221 mmboe reserves 4 583 monetised via production Reserves 15000 4 740 4 212 Moved 350 mmboe to and discovered resource from resources 10000 6 739 6 041 risked…
  19. August and September 2015 Investor Presentation – BG Group – slide 19
    Appendices Berbigo / Sururu / Atap West Brazil FPSO Rep Rep locations Rep 6 Iracema area 5 Rep 3 16 7 8 Lula 9 Lapa 1 Rep Onstream leased Rep 4 Onstream 2015-16 leased Sapinho Onstream 2017-19…
  20. August and September 2015 Investor Presentation – BG Group – slide 20
    Appendices Global LNG supply DES (mtpa) 500 450 LNG trade forecast LNG trade 400 New supply outlook to 350 US 2025 300 mtpa 250 Australia 200 Supply: Qatar existing and under 150 construction 100 50 0 2000…
  21. August and September 2015 Investor Presentation – BG Group – slide 21
    Appendices Prices (/mmbtu) 22 20 Gas and 18 LNG prices - Jan 2014 to 16 Long-term contract price** date 14 Asia spot price 12 JCC (Crude Oil ) 10 8 NBP + shipping 6 Jan Jun Jul Jan Jun Jul…
  22. August and September 2015 Investor Presentation – BG Group – slide 22
    Appendices BG Group has a long-established sponsored Level I ADR programme in the US. The ADRs trade on the premier tier of the Over-The-Counter (OTC) market in the US. Details are as follows: Sponsored Ticker Symbol BRGYY ADR…

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