FY16 half year results Ian Davies, Managing Director and CEO Graham Yerbury, Chief Financial Officer Brisbane, 23 February 2016
Ian Davies Managing Director and CEO Highlights H1 FY16 results Outlook Project updates Key takeaways Cover slide imagery shows: Easternwell Rig 106 mobilised to the Ethereal-1 gas exploration well site (Origin Energy…
Key takeaways Maintaining financial strength and pursuing growth Strong financial position Successful cost out program Disciplined capital allocation in pursuit of growth Strongly positioned for an oil price recovery 3 FY16…
H1 FY16 business highlights Solid performance in a challenging market Improved safety performance, with TRIFR down 22% reflecting maintained commitment in a challenging market Strengthened financial position: cash balance of 100…
Graham Yerbury Chief Financial Officer Highlights H1 FY16 results Outlook Project updates Key takeaways 5 FY16 half year results
Key financial headlines Significant improvements in operating and corporate costs H1 FY16 H1 FY15 Change Production (mmboe) 0.54 0.74 (27%) Sales volumes (mmboe) 0.52 0.72 (28%) Average realised oil price (A per barrel) 71 97 (27%)…
Building a material east coast gas business Unlocking shareholder value through a series of strategic transactions A series of strategic transactions have delivered a material 100% held growth project and monetised the Maisey block,…
Oil margins Margins protected by hedging and cost reductions Oil margins Gross profit margin supported by: 7 million of net hedging gains which have A per barrel 120 Average realised oil price 97/bbl protected the average…
Underlying NPAT reconciliation Corporate and operational cost savings outweigh lower oil price Movement in underlying net profit after tax 20.0 million 10.0 4.3 (2.0) (18.7) 5.2 1.6 15.9 - 18.5 -10.0 (14.4 ) -20.0…
Operating cash reconciliation Robust funding position Movement in opening and closing cash balance 177 million 200 million total liquidity 160 77.2 120 42.0 7.0 (1.9) 36.8 (16.0) 80 (5.0) 64.8 (12.3) 99.6 49.0 52.5 40…
Ian Davies Managing Director and CEO Highlights H1 FY16 results Outlook Project updates Key takeaways 11 FY16 half year results
FY16 capital expenditure and production On track to deliver in line with guidance Capex Production FY16 capex 160 1.6 mmboe million 151.4 Significant year on year capex reductions since FY14 140 1.0 1.4 1.38 1.39 1.2…
Outlook Surviving a downside oil price scenario (lower for longer) Strategy is unchanged: maturing oil and gas exploration assets into production and achieving a material gas business, but acknowledging the realities of a lower for…
Ian Davies Managing Director and CEO Highlights H1 FY16 results Outlook Project updates Key takeaways 14 FY16 half year results
Cooper Basin oil program A self-funding, focused work program During H1 FY16: Work program focused on oil production Building and refining regional petroleum system model while conserving capital expenditure Reduced operating cost…
Cooper Basin gas program Progressing growth projects During H1 FY16: Unconventional gas project with Origin Energy: two-well drilling campaign successfully completed under budget and ahead of schedule in the Allunga Trough Vanessa…
Western Surat Gas Project Material, near-term growth project During H1 FY16: Completed value accretive transactions with GLNG (42 million cash and 20 year GSA) and received technical data suite on proximate wells Ongoing strategy:…
Ian Davies Managing Director and CEO Highlights H1 FY16 results Outlook Project updates Key takeaways 18 FY16 half year results
Key takeaways Maintaining financial strength and pursuing growth in the changed oil price environment Senex remains in a very strong financial position to weather the downturn, Maintaining with 100 million cash and no debt to…
Registered Office Investor enquiries: Tess Palmer Level 14, 144 Edward Street Investor Relations Manager GPO Box 2233 Phone: (07) 3335 9719 Brisbane, Queensland 4000 Australia Media enquiries: Karen Cottier Corporate Communications…
Appendix Net profit after tax Statutory and underlying net profit H1 H1 H1 FY16 NPAT driven by: million FY16 FY15 Revenue 36.8 69.9 38 million gain on sale of the Maisey block Operating costs (16.0) (31.8) Lower royalties given the…
Appendix EBITDAX and G&A EBITDAX reconciliation H1 H1 G&A reconciliation H1 H1 Saving million FY16 FY15 million FY16 FY15 Statutory net profit (loss) after tax (27.1) (65.9) Net G&A 6.0 5.4 (0.6) Add/(less): Add back redundancies…
Appendix Non-cash impairment Impairment reflects prudent response to lower oil price environment Senexs operating outlook remains million H1 H1 strong FY16 FY15 Impairment charge reflects Statutory net loss after tax (27.1) (65.9)…
Disclaimer Important information This presentation has been prepared by Senex Energy Limited (Senex). It is current as at the date of this presentation. It contains information in a summary form and should be read in conjunction with…
Loading...
