Skip to main content March 2016 Preliminary Results – PEMEX Investor Presentation | Shale Experts
Loading...
Pm

March 2016 Preliminary Results – PEMEX

PEMEX · Apr 28, 2016 · 39 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. March 2016 Preliminary Results – PEMEX – slide 1
    Preliminary Results as of March 31, 2016 April 28, 2016
  2. March 2016 Preliminary Results – PEMEX – slide 2
    Index 1. Adjusting to Low Prices 2. Exploration & Production 3. Industrial Transformation 4. Price Environment 5. Financial Results 6. Questions & Answers 2
  3. March 2016 Preliminary Results – PEMEX – slide 3
    Price Evolution of the Mexican Crude Oil Mix USD/b Observed 75 Annual Average PEF1 50 USD/b 65.47 65 55 Expected 45 Annual Price2 25 USD/b 35 25 Average Jan - Mar: 25.92 USD/b 15 Jan-15 Apr-15 Jul-15 Oct-15 Jan-16 Apr-16…
  4. March 2016 Preliminary Results – PEMEX – slide 4
    Price Decrease Impact on Revenues MXN billions 600 500 478.3 400 100 329.1 Reduction on 300 100 Revenues 200 378.3 100 229.1 0 -100 (149) -200 Income from Programmed Financial Balance Operations Expenses 4
  5. March 2016 Preliminary Results – PEMEX – slide 5
    Budget Adjustment Plan MXN billions 600 500 478.3 Adjustment 400 100 Plan 329.1 300 100 200 378.3 100 229.1 0 -100 (149) -200 Income from Programmed Financial Balance Operations Expenses 5
  6. March 2016 Preliminary Results – PEMEX – slide 6
    2016 Budget Adjustment Lines of Action Other Ind. Corporate E&P2 Total MXN billion SPEs1 Transf. Generate efficiencies and reduce costs to increase operational 13.1 1.9 0.8 13.1 28.9 productivity and promote a rational use of…
  7. March 2016 Preliminary Results – PEMEX – slide 7
    New Tools Offered by the Energy Reform Alliances with third parties to complement PEMEX Strategic technically, economically or experience-wise, and share Alliances risk and knowhow Diversify sources of working capital Alternative…
  8. March 2016 Preliminary Results – PEMEX – slide 8
    Support Measures Offered by the Federal Government Liquidity Improvement Reduce accounts payable to suppliers by Cash Flow Injection year-end and stabilize obligations moving MXN 73.5 billion MXN 47 bn pension liability forward MXN…
  9. March 2016 Preliminary Results – PEMEX – slide 9
    Index 1. Adjusting to Low Prices 2. Exploration & Production 3. Industrial Transformation 4. Price Environment 5. Financial Results 6. Questions & Answers 9
  10. March 2016 Preliminary Results – PEMEX – slide 10
    Crude Oil Production Performance Mdb 2,500 2,300 2,225 2,266 2,277 2,230 11.8% 11.7% 12.5% 12.8% 12.9% 2,000 22% 1,500 37.7% 35.8% 37.0% 37.4% 37.1% 1,000 78% 500 50.6% 52.5% 50.4% 49.8% 50.0% 0 Offshore Onshore 1Q15 2Q15…
  11. March 2016 Preliminary Results – PEMEX – slide 11
    Natural Gas Production Performance Natural Gas Production1 MMcfd 5,753 5,501 6,000 5,399 5,369 5,174 5,000 30.2% 27.3% 29.8% 27.1% 27.3% 4,000 46% 3,000 54% 2,000 69.8% 70.2% 72.7% 72.9% 72.7% 1,000 0 Offshore Onshore 1Q15 2Q15 3Q15…
  12. March 2016 Preliminary Results – PEMEX – slide 12
    Index 1. Adjusting to Low Prices 2. Exploration & Production 3. Industrial Transformation 4. Price Environment 5. Financial Results 6. Questions & Answers 12
  13. March 2016 Preliminary Results – PEMEX – slide 13
    Crude Oil Processing & Production of Petroleum Products Performance Crude Oil Processing Heavy Crude Variable Refining Margin Mbd USD /b Light Crude 10.0 8.81 1,250 1,081 1,081 1,057 1,058 1,061 8.0 1,000 482 490 451 483 6.0 750…
  14. March 2016 Preliminary Results – PEMEX – slide 14
    Natural Gas Processing and Production Natural Gas Processing Sweet Wet Gas MMcfd 4,298 Sour Wet Gas 3,955 4,070 3,972 3,847 4,000 953 860 802 777 747 3,000 2,000 3,345 3,095 3,268 3,195 3,100 1,000 - 1Q15 2Q15 3Q15 4Q15 1Q16…
  15. March 2016 Preliminary Results – PEMEX – slide 15
    Production of Petrochemicals Thousand tons Other*1 1,400 1,273 1,249 Propylene and 1,156 Derivatives 1,200 1,135 Aromatics and 379 394 Derivatives 1,000 374 352 Ethane 849 Derivatives 800 118 138 Methane 130 296 118 Derivatives…
  16. March 2016 Preliminary Results – PEMEX – slide 16
    Accident at Petroqumica Mexicana de Vinilo Petroqumica Mexicana de Vinilo Timely response to the Clorados III plant accident 44% 56% Located at Pajaritos Petrochemical Complex in Effective support and coordination among partners…
  17. March 2016 Preliminary Results – PEMEX – slide 17
    Index 1. Adjusting to Low Prices 2. Exploration & Production 3. Industrial Transformation 4. Price Environment 5. Financial Results 6. Questions & Answers 17
  18. March 2016 Preliminary Results – PEMEX – slide 18
    Context 1Q16 Prices of Oil Avg. Prices of Natural Gas1 USD/barrel 70.0 USD/MMBtu 4.0 60.0 3.5 Avg. 1Q16: 25.92 USD/b 3.0 50.0 2.5 40.0 2.0 30.0 Avg. 1Q15: 1.5 45.44 USD/b Mezcla Mexicanmexicana Mix 1.0 Avg. 1Q15: Avg. 1Q16:…
  19. March 2016 Preliminary Results – PEMEX – slide 19
    Index 1. Adjusting to Low Prices 2. Exploration & Production 3. Industrial Transformation 4. Price Environment 5. Financial Results 6. Questions & Answers 19
  20. March 2016 Preliminary Results – PEMEX – slide 20
    Income Statement Total Sales 1Q16 MXN billion 230 180 (162) 130 225 80 (31) 30 63 31 (28) 3 -20 (65) (62) -70 Total Sales Cost of Gross General Operating Net Financial Income Taxes and Net Income Sales Income Expenses 1…
  21. March 2016 Preliminary Results – PEMEX – slide 21
    Evolution of Sales MXN billion 300 279 (17) Millares (37) 250 (0.4) 225 200 150 100 50 0 1Q15 Domestic Sales Exports Services 1Q16 Income 21 Note: Numbers may not total due to rounding.
  22. March 2016 Preliminary Results – PEMEX – slide 22
    Income Statement Cost of Sales 1Q16 MXN billion 230 180 (162) 130 225 80 (31) 30 63 31 (28) 3 -20 (65) (62) -70 Total Sales Cost of Gross General Operating Net Financial Income Taxes and Net Income Sales Income Expenses 1…
  23. March 2016 Preliminary Results – PEMEX – slide 23
    Evolution of Cost of Sales MXN billion 0 -50 (162) -100 (206) -150 43 -200 (4) 3 2 -250 Cost of Sales Operating Purchases for Hydrocarbon Other Cost of Sales 1Q15 expenses resale exploration 1Q16 and extraction taxes and…
  24. March 2016 Preliminary Results – PEMEX – slide 24
    Income Statement Gross Income 1Q16 MXN billion 230 180 (162) 130 225 80 (31) 30 63 31 (28) 3 -20 (65) (62) -70 Total Sales Cost of Gross General Operating Net Financial Income Taxes and Net Income Sales Income Expenses 1…
  25. March 2016 Preliminary Results – PEMEX – slide 25
    Income Statement General Expenses 1Q16 MXN billion 230 180 (162) 130 225 80 (31) 30 63 31 (28) 3 -20 (65) (62) -70 Total Sales Cost of Gross General Operating Net Financial Income Taxes and Net Income Sales Income Expenses 1…
  26. March 2016 Preliminary Results – PEMEX – slide 26
    Evolution of General Expenses -28 -30 (31) -32 1 (37) 2 -34 3 -36 -38 General Transportation Administrative Other General expenses and distribution expenses expenses 1Q15 expenses 1Q16 26 Note: Numbers may not…
  27. March 2016 Preliminary Results – PEMEX – slide 27
    Income Statement Operating Income 1Q16 MXN billion 230 180 (162) 130 225 80 (31) 30 63 31 (28) 3 -20 (65) (62) -70 Total Sales Cost of Gross General Operating Net Financial Income Taxes and Net Income Sales Income Expenses 1…
  28. March 2016 Preliminary Results – PEMEX – slide 28
    Income Statement Financial Cost 1Q16 MXN billion 230 180 (162) 130 225 80 (31) 30 63 31 (28) 3 -20 (65) (62) -70 Total Sales Cost of Gross General Operating Net Financial Income Taxes and Net Income Sales Income Expenses 1…
  29. March 2016 Preliminary Results – PEMEX – slide 29
    Evolution of Financial Cost MXN billion 0 -10 (28) -20 (46) (2) (0.3) -30 -40 25 -50 (4) (0.02) -60 Net Financial Total Total Income Foreign Profit Net Financial Cost 1Q15 interest interest due to exchange sharing Cost 1Q16…
  30. March 2016 Preliminary Results – PEMEX – slide 30
    Income Statement Income before Taxes and Duties 1Q16 MXN billion 230 180 (162) 130 225 80 (31) 30 63 31 (28) 3 -20 (65) (62) -70 Total Sales Cost of Gross General Operating Net Financial Income Taxes and Net Income Sales…
  31. March 2016 Preliminary Results – PEMEX – slide 31
    Income Statement Taxes and Duties 1Q16 MXN billion 230 180 (162) 130 225 80 (31) 30 63 31 (28) 3 -20 (65) (62) -70 Total Sales Cost of Gross General Operating Net Financial Income Taxes and Net Income Sales Income Expenses 1…
  32. March 2016 Preliminary Results – PEMEX – slide 32
    Evolution of Taxes and Duties MXN billion 0 Millares -20 (65) -40 (92) -60 1 2 -80 24 -100 1Q15 Duties Hydrocarbon Income tax 1Q16 exploration and and other extraction activity tax 32 Note: Numbers may not total…
  33. March 2016 Preliminary Results – PEMEX – slide 33
    Income Statement Net Loss 1Q16 MXN billion 230 180 (162) 130 225 80 (31) 30 63 31 (28) 3 -20 (65) (62) -70 Total Sales Cost of Gross General Operating Net Financial Income Taxes and Net Income Sales Income Expenses 1 Income…
  34. March 2016 Preliminary Results – PEMEX – slide 34
    Evolution of Net Loss 0 Millares -20 -40 -60 (62) 27 -80 (2) (0.3) -100 25 (6) (101) (4) -120 1Q15 Operating Net interest Financial Foreign Profit Taxes and 1Q16 income expense derivatives exchange sharing duties…
  35. March 2016 Preliminary Results – PEMEX – slide 35
    Evolution of Liabilities MXN billion 3,500 3,107 3,219 129 16 (43) 10 3,000 Debt 2,500 1,493 1,623 2,000 1,500 Pension 1,000 1,279 1,296 liability 500 335 301 Other liabilities - Total Liabilities Financial Debt Reserve for…
  36. March 2016 Preliminary Results – PEMEX – slide 36
    Evolution of Equity MXN billion 0 -200 -400 -600 (1,332) (1,394) -800 -1,000 -1,200 - (1) -1,400 (62) -1,600 Equity Federal Comprehensive Result of the Equity 2015 Government Accumulated Period 1Q16 Contributions…
  37. March 2016 Preliminary Results – PEMEX – slide 37
    2016 Financing Program PEMEX has a net indebtedness ceiling of MXN 240.4 billion pesos comprise of MXN 110.5 billion (internal) MXN 129.9 billion (external) As of today, we have raised about 54.9% of total programmed financing for…
  38. March 2016 Preliminary Results – PEMEX – slide 38
    Evolution of the Financial Cost in USD 38 Fuente: Bloomberg
  39. March 2016 Preliminary Results – PEMEX – slide 39
    Investor Relations (+52 55) 1944-9700 ripemex.com www.pemex.com/en/investors

From the store

Browse maps, data & reports in the Shale Experts store