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Investor Update – BG Group

BG Group · Oct 30, 2015 · 21 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. Investor Update – BG Group – slide 1
    BG Group Investor update November/December 2015 FPSO Cidade de Itagua, Brazil
  2. Investor Update – BG Group – slide 2
    Q3 2015 results E&P production up 26% at 716 kboed; full year guidance increased to 680-700 kboed range Q3 2015 45 cargoes delivered from QCLNG in the nine months to end September; Train 2 commissioning in progress highlights FPSO…
  3. Investor Update – BG Group – slide 3
    Q3 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. Investor Update – BG Group – slide 4
    Operational update QCLNG, Australia
  5. Investor Update – BG Group – slide 5
    Operational update Net production (kboed) 110 Q3 net production 98 kboed 100 Record production of 118 kboed reached in QCLNG 90 October 80 ramping-up 70 Average flow rates in line with expectations 60 Third-party gas…
  6. Investor Update – BG Group – slide 6
    Operational update Assumed operational control of Train 1 in May; start of commercial QCLNG operations progress Pipeline sale completed in June; gross proceeds of 4.6 billion Train 2 started up in July; commissioning ongoing…
  7. Investor Update – BG Group – slide 7
    Operational update Net production (kboed) 180 Q3 net production 160 158 kboed Brazil 140 Record production in October, reached continues to 120 175 kboed ramp-up 100 3 FPSOs on plateau 80 FPSOs 4 & 5 expected at plateau in…
  8. Investor Update – BG Group – slide 8
    Operational update FPSO schedule* 10-15 7 Lula Lula FPSOs 7-9 integration work North Alto continues; onstream 2016* FPSO 7 in Brasa, Brazil Brazil 8 Lula Atap FPSO 8 en route to outlook Lula Central South South Brasa,…
  9. Investor Update – BG Group – slide 9
    Operational update Net production (kboed) 600 Q3 performance Knarr ramp up 500 Managing Lower net entitlement in Karachaganak vs Q2 the base 400 Rescheduled shutdowns assets Improved uptime & 300 operational efficiencies Q4…
  10. Investor Update – BG Group – slide 10
    Operational update LNG cargoes Q3 2015 Supply 250 200 Spot purchases 9M EBITDA 1 184 million 150 Equatorial Guinea Higher cargo deliveries Nigeria LNG 100 QCLNG New QCLNG volumes Additional spot cargoes performance 50…
  11. Investor Update – 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. Investor Update – BG Group – slide 12
    Operational update Production outlook expected in 680-700 kboed range LNG Shipping & Marketing EBITDA remains in the range of 1.3-1.5 billion, with an expected outturn around the middle of 2015 outlook this range* Group effective…
  13. Investor Update – BG Group – slide 13
    BG Group Appendices FPSO Cidade de Itagua, Brazil
  14. Investor Update – BG Group – slide 14
    Appendices million 9m 2015 9m 2014 % change Upstream 3 095 5 239 -41% Financial LNG Shipping & Marketing 1 184 2 123 -44% highlights Business Performance EBITDA 4 207 7 352 -43% 9 months DD&A (2 251) (2 140) +5% 2015 Business…
  15. Investor Update – BG Group – slide 15
    Appendices million 9m 2015 9m 2014 % change Business Performance EBIT 1 956 5 212 -62% Financial Net finance costs (154) (101) +52% highlights Tax (528) (1 991) -73% 9 months Business Performance earnings 1 274 3 120 -59% 2015…
  16. Investor Update – BG Group – slide 16
    Appendices 2015 outlook % change billion 2014 9m 2015 vs 2014 vs 9m 2014 Reducing capital Brazil 2.4 Similar 2.0 +16% spend Australia 3.6 Lower by 50% 1.0 -65% Base assets 2.6 Lower by 50% 1.2 -34% Exploration 0.8 Similar…
  17. Investor Update – BG Group – slide 17
    Appendices Net debt at 9.6 billion, average maturity 15 years; gearing 24.5% Strong liquidity position Capital QCLNG pipeline disposal gross proceeds of 4.6 billion in June structure, 6.3 billion cash and cash equivalents liquidity…
  18. Investor Update – 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. Investor Update – BG Group – slide 19
    Appendices Berbigo / Sururu / Atap areas 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 in 2016 leased Sapinho Onstream in 2017-19…
  20. Investor Update – 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. Investor Update – 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 Feb May Feb May Mar Mar…

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