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Q1 2016 Results – LUKOIL

LUKOIL · Jun 6, 2016 · 17 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. Q1 2016 Results – LUKOIL – slide 1
    1Q 2016 IFRS Financial Results Moscow, June 6, 2016
  2. Q1 2016 Results – LUKOIL – slide 2
    Macro Oil price and RUB/ exchange rate th. RUB Oil and exchange rate % /bbl 1Q 2016 1Q 2015 /bbl Brent, /bbl 33.9 53.9 (37.1) 19.9% Urals**, /bbl 32.2 52.9 (39.2) RUB/ 74.6 62.2 19.9 -37% Oil products (Europe…
  3. Q1 2016 Results – LUKOIL – slide 3
    Summary Results Operating Results 1Q 2016 1Q 2015 Hydrocarbon production, mln boe 214 213 0.5% of which crude oil and NGL, mln bbl 183 183 -0.2% of which West Qurna-2, mln bbl 18 14 26.3% Refined products produced, mln t 14.9…
  4. Q1 2016 Results – LUKOIL – slide 4
    Upstream: Focus on High Margin Barrels Hydrocarbon production, mln boe +0.5% Gas outside Russia Liquids production in Russia, mln bbl and net price*, /bbl -0.2% Gas in Russia West Qurna-2 Liquids outside Russia 312 304…
  5. Q1 2016 Results – LUKOIL – slide 5
    Upstream: Capex & Opex Capital expenditures*, RUB bln Upstream capital expenditures -17% per boe, RUB Russian companies** in 2015, max Russian companies** in 2015, min 1Q 2015 2Q 2015 3Q 2015 4Q 2015 1Q 2016 LUKOIL LUKOIL…
  6. Q1 2016 Results – LUKOIL – slide 6
    Upstream: Projects Update New projects Filanovsky field 1st stage facilities completion: IRP-1 85%, CPP 83%, RB 98% Launch: 3Q 2016 Pyakyakhinskoe field Facilities completion: CGTU 70%, DAP 80% Launch: 4Q 2016 IRP…
  7. Q1 2016 Results – LUKOIL – slide 7
    Downstream: Efficient Oil Allocation Oil allocation price, /bbl Oil balance Russia, mln t Sales in Russia Exports Refining on LUKOIL refineries Brent Russian refineries average Exports ex. CIS 1Q 2015 2Q 2015 3Q…
  8. Q1 2016 Results – LUKOIL – slide 8
    Downstream: Refining KPIs Refining volume*, mln t Refining depth, % Light products yield, % +0.3 p.p. 63.8% 64.1% +3.5 p.p. 84.0% 80.5% % Ploiesti % Ploiesti % % Zeeland Zeeland % % % Burgas % +8.7 +5.7 ISAB Burgas…
  9. Q1 2016 Results – LUKOIL – slide 9
    Downstream: Premium Sales Channels Filling stations Aviation Lubricants Bunkering Stable sales volumes Stable share on A 36% increase in A 3% increase in despite domestic market declining domestic premium motor and sales in…
  10. Q1 2016 Results – LUKOIL – slide 10
    Downstream: Completion of Refining Investment Cycle Caspian gas and petrochemical cluster Launch: Gas pipeline from North Caspian fields Gas pipeline for dry gas delivery to Gazprom network 135 MW power generation facility 2.2…
  11. Q1 2016 Results – LUKOIL – slide 11
    Dividends Dividends, RUB per share RUB 177 per share (+15% y-o-y) BoD dividend recommendation for 2015 (to be approved by AGM in June) DPS increased by 61% since 2013 Dividend growth (2015 to 2013) and yield*, %…
  12. Q1 2016 Results – LUKOIL – slide 12
    New Dividend Policy Priority Financial Financial stability strength Dividend payments Priority of dividend payments Organic investments Dividends as a top priority in cash allocation M&A Dividend payout ratio, % of net…
  13. Q1 2016 Results – LUKOIL – slide 13
    Financial Results -18% RUB bln 1,440 1,477 1,464 1,368 y-o-y 1,178 Sales EBITDA 214 219 224 -11% 179 191 excluding FX y-o-y effect and assets impairment reserve Profit for 104 -24% 100 the period 94 y-o-y 79…
  14. Q1 2016 Results – LUKOIL – slide 14
    EBITDA Reconciliation bln RUB FX effect EBITDA Revenue OPEX SG&A Transport Excise, Non- FX Other EBITDA 1Q 2015 less Export income 1Q 2016 purchases duty taxes 15
  15. Q1 2016 Results – LUKOIL – slide 15
    Profit Reconciliation bln RUB FX effect Profit EBITDA DD&A Finance income Income tax Profit 1Q 2015 and costs 1Q 2016 16
  16. Q1 2016 Results – LUKOIL – slide 16
    Cash Flow Reconciliation bln RUB ash at OCF CAPEX Dividends Financing Other ash at FX beginning ex. dividends investing end of of 1Q 2016 1Q 2016 17
  17. Q1 2016 Results – LUKOIL – slide 17
    Q&A 18

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