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September 2017 Corporate Presentation – Total SA

Total SA · Sep 25, 2017 · 32 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. September 2017 Corporate Presentation – Total SA – slide 1
    Strategy and Outlook September 2017
  2. September 2017 Corporate Presentation – Total SA – slide 2
    Feb. 2017 Capitalizing on strengths to secure future growth Taking advantage of current market conditions Maintaining discipline to continue to reduce breakeven Taking advantage of low-cost environment Sanctioning high-return…
  3. September 2017 Corporate Presentation – Total SA – slide 3
    Markets dominated by oil price volatility Supply-demand and OECD inventories Mb/d Demand growth strong due to low price +1.6 Mb/d demand in 2017* Supply subject to opposing trends Supply OPEC / non-OPEC cuts 95 Demand…
  4. September 2017 Corporate Presentation – Total SA – slide 4
    Global LNG demand growing, led by Asia Leveraging technology to reduce costs along the gas value chain 2005-25 LNG demand 2015-30 LNG supply Mt/y Mt/y +5% per year To be 400 400 sanctioned +6% Other per year Middle East Demand…
  5. September 2017 Corporate Presentation – Total SA – slide 5
    Integrating climate into strategy Becoming the responsible energy major Global energy demand Mboe/d Focusing on oil IEA 2C scenario* projects with low breakeven 300 Solar / Wind Bio-energy Hydro Nuclear Expanding Coal along…
  6. September 2017 Corporate Presentation – Total SA – slide 6
    Delivering on targets, creating competitive advantage
  7. September 2017 Corporate Presentation – Total SA – slide 7
    Safety, a core value Cornerstone of operational efficiency Total Recordable Injury Rate for Total and peers* Continuously improving safety and processes Per million man-hours 3 2 1 2010 June 2017 1 fatality in 2017…
  8. September 2017 Corporate Presentation – Total SA – slide 8
    Delivering best in class production growth Leveraging start-ups, ramp-ups and new ventures Production 2014-1H17 production growth for Total and peers* Mboe/d % 5% 20% +4.5% 2.5 +9% 2.0 2014 2015 2016 2017 Achieving…
  9. September 2017 Corporate Presentation – Total SA – slide 9
    Relentlessly reducing costs Sustainable savings from structural changes Group Opex savings Production costs (ASC 932) B /boe 3.6 B 9.9 7.4 < 5.5 2.8 Downstream & Corporate /boe 5.9 1.5 Upstream 2015 2016 2017 2014…
  10. September 2017 Corporate Presentation – Total SA – slide 10
    Delivering superior Downstream performance Fully capturing margins and maintaining competitive advantage Downstream CFFO Downstream ROACE for Total and peers* B % 7 B 8 30% 1H17 2012 2013 2014 2015 2016 2017 2012 1H17…
  11. September 2017 Corporate Presentation – Total SA – slide 11
    10 B asset sale program completed High-grading portfolio 2015-17 Bostik asset sale Atotech program 10% Fort Hills Gina Krog 20% Kharyaga 10 B 20% Laggan-Tormore FUKA Totalgaz Schwedt refinery Geosel TotalErg SPMR Turkey…
  12. September 2017 Corporate Presentation – Total SA – slide 12
    Strengthening balance sheet through the cycle Organic pre-dividend breakeven 35 /b Organic free cash flow Net-debt-to-equity ratio B % 5 20% 31% 28% 27% 2 B normalized* for resource acquisition 2015 2016 0 1H17 2014 2015…
  13. September 2017 Corporate Presentation – Total SA – slide 13
    Continuing to outperform peers in 1H17 Upstream net income per barrel Downstream ROACE /b % 6 30% Group ROE Payout ratio % % 10% 100% Peers: BP, Chevron, ExxonMobil, Shell based on public data 2017 Strategy and…
  14. September 2017 Corporate Presentation – Total SA – slide 14
    Creating value through excellence and profitable growth
  15. September 2017 Corporate Presentation – Total SA – slide 15
    Strongly positioned to create long term value Benefiting from integrated business model Maintaining strong discipline on costs and investment selection to reduce breakeven Taking advantage of the low cycle environment Extending…
  16. September 2017 Corporate Presentation – Total SA – slide 16
    Strengthening the portfolio through the cycle 4 Bboe low breakeven resources added since 2015 USA Acquisition of 23% in Tellurian Driftwood LNG USA Acquisition of 75% in Barnett (Total participation 100%) Algeria Partnership…
  17. September 2017 Corporate Presentation – Total SA – slide 17
    Acquiring an attractive portfolio with Maersk Oil Adding high quality assets offering growth in core areas Main assets acquired* 1 billion barrels, 85% in OECD countries Johan Sverdrup, 8.44% Culzean, 49.99%, op. Quad 9, 30-100%,…
  18. September 2017 Corporate Presentation – Total SA – slide 18
    Investing with discipline for future growth Flexibility to launch new projects and manage portfolio Capex excluding resource acquisition 2017-20 average annual net resource acquisition B B 14 B 13-15 B* 2 1 B Sales…
  19. September 2017 Corporate Presentation – Total SA – slide 19
    Increasing Opex savings from 4 B to 5 B Relentlessly reducing costs 2018-20 Opex savings plan 5 B 4 B Extending cost reduction program to 2020 Downstream & Corporate Delivering 200 M of cost synergies from Maersk Oil…
  20. September 2017 Corporate Presentation – Total SA – slide 20
    Strong production growth 5% CAGR to 2022 including Maersk Oil addition Production kboe/d Total & Total Maersk Oil 4% CAGR 5% CAGR 2016-22 2016-22 2,452 2016 2022 2022 2017 Strategy and Outlook 20
  21. September 2017 Corporate Presentation – Total SA – slide 21
    Delivering cash-accretive start-ups 700 kboe/d additional production by 2020 Major start-ups Average Total cash margin at 50 /b % progress CFFO - /boe kboe/d Share 100% Kashagan 370 16.8% Moho North 100 54% 25 2 0…
  22. September 2017 Corporate Presentation – Total SA – slide 22
    Sanctioning high return projects in low cost environment 13 FIDs by end-2018 Main project FIDs Net capacity & IRR for TOTAL projects at 50 /b Working interest, 100% capacity kboe/d net TOTAL projects 350 Absheron 1 Azerbaijan 40% op.…
  23. September 2017 Corporate Presentation – Total SA – slide 23
    Short cycle development opportunities More than 20 projects providing Capex flexibility 1 7 20% Bboe net /boe IRR UK, reserves development at 50 /b Elgin Franklin cost infills USA, Barnett, Nigeria Tahiti infills Akpo infills…
  24. September 2017 Corporate Presentation – Total SA – slide 24
    Enhancing exploration portfolio with new opportunities 1.5 Bboe risked potential added on core and growth areas since 2015 Budget Wells 1.25 B 35 per year per year in 2017-18 Bulgaria Greece Polshkov Cyprus United States…
  25. September 2017 Corporate Presentation – Total SA – slide 25
    Growing E&P free cash flow Free cash flow*, incl. 1 B/y net resource acquisition B, at 50 /b Starting up high cash margin projects 5 +5 B Maintaining strict investment discipline Benefiting from free cash flow accretive Maersk…
  26. September 2017 Corporate Presentation – Total SA – slide 26
    Integrated gas delivering 2 B free cash flow by 2022 Sustainable benefits from long plateau production Integrated gas free cash flow at 50 /b B +5% 2x +10% per year Gas & LNG per year 2 production trading portfolio B2B/B2C…
  27. September 2017 Corporate Presentation – Total SA – slide 27
    Developing a profitable low carbon business Gas, Renewables & Power targeting 500 M free cash flow by 2022 Growing Gas & Power marketing Growing downstream renewables Number of customers and sites supplied Total EREN (solar,…
  28. September 2017 Corporate Presentation – Total SA – slide 28
    Increasing Downstream free cash flow by 40% by 2022 Growth opportunities in petrochemicals and marketing Downstream FCF*, incl. 500 M net acquisitions 2017 Downstream cash flow from operations B Marketing Refining +1.5 B &…
  29. September 2017 Corporate Presentation – Total SA – slide 29
    Increasing R&C organic free cash flow by 30% Expanding petchems, selectively upgrading platforms, reducing costs R&C organic free cash flow* B 3 B +1 B 25% 30% Free cash flow Free cash flow ROACE in 2017 4 2017-2022 2012 2017…
  30. September 2017 Corporate Presentation – Total SA – slide 30
    Increasing M&S organic free cash flow by 50% Well diversified, non-cyclical source of cash flow M&S organic free cash flow B +100 M 1 B +0.5 B 20% Free cash flow per year Free cash flow ROACE in 2017 1.5 2017-22 +100 M per…
  31. September 2017 Corporate Presentation – Total SA – slide 31
    Growing Group free cash flow Reducing pre-dividend breakeven…
  32. September 2017 Corporate Presentation – Total SA – slide 32
    Excellence, growth, cash Implementing strategy to create value and generate superior returns Managing with discipline Sustainably reducing breakeven < 30 /b Investing for profitable growth Production growth 2016-22: + 5%/year…

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