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Deutsche Bank Global Emerging Markets One on One Conference – Novatek

Novatek · Sep 5, 2014 · 31 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. Deutsche Bank Global Emerging Markets One on One Conference – Novatek – slide 1
    Harnessing the Energy of the Far North Mark A. Gyetvay, Deputy Chairman of the Management Board Deutsche Bank - Global Emerging Markets One-on-One Conference New York 5 September 2014
  2. Deutsche Bank Global Emerging Markets One on One Conference – Novatek – slide 2
    Fields and License Areas NOVATEK producing fields Other NOVATEK fields Purovsky Plant Gas condensate pipeline from Yamal-Nenets Autonomous the Yurkharovskoye field to Region one of the the Purovsky plant worlds largest natural…
  3. Deutsche Bank Global Emerging Markets One on One Conference – Novatek – slide 3
    Positions in the World Proved gas reserves as at 31.12.13 (SEC), bcm Gas production in 2013, bcm Gazprom 18 939 Gazprom 488 ExxonMobil 2 035 ExxonMobil 145 Petrochina 1 963 Shell 99 NOVATEK 1 740 4 BP 83 Rosneft 1 329…
  4. Deutsche Bank Global Emerging Markets One on One Conference – Novatek – slide 4
    Low Cost Base and High Profitability 3-year average reserve replacement costs (2011-2013*), USD/boe PICAGR Production (net income to capital expenditures), 2009-2013 (2008-2012) NOVATEK 2,0 NOVATEK 1,8 BG GROUP 14,4 BG GROUP…
  5. Deutsche Bank Global Emerging Markets One on One Conference – Novatek – slide 5
    Leading Growth at Lowest Cost EBITDA CAGR (2009-2013) CAPEX/EBITDA (2009-2013) EOG 49% NOVATEK 0,5 NOVATEK 32% SWE 0,7 ANADARKO 27% APACHE 0,7 PIONEER 23% BG GROUP 0,9 APACHE 18% ENCANA 1,0 BG GROUP 13% ANADARKO…
  6. Deutsche Bank Global Emerging Markets One on One Conference – Novatek – slide 6
    Low Production Costs Production costs, USD/boe Production costs structure (2013), % 33,5 100% 100% 100% Transport; 2% 31,4 Taxes 7% Transport; 15% 28,1 27,9 25,4 Taxes other than 23,8 income ; 15% Transport; 67% DD&A;…
  7. Deutsche Bank Global Emerging Markets One on One Conference – Novatek – slide 7
    SEC Proved Reserves Reserve replacement ratio in 2013 132% Organic reserve replacement ratio 144% mmboe 1,290 634 12,394 12,537 12,537 12,537 12,537 (1,342) (439) Liquids Acquisitions: Others East-Tazovskoye field…
  8. Deutsche Bank Global Emerging Markets One on One Conference – Novatek – slide 8
    Hydrocarbon Production Natural Gas Sales Liquids Sales Total Hydrocarbon Production, bcm Production, mmt Sales Production, mmboe CAGR 15% CAGR 13% CAGR 15% Absolute increase 85% 4.8 Absolute increase 100% Absolute increase 101%…
  9. Deutsche Bank Global Emerging Markets One on One Conference – Novatek – slide 9
    Development of Production Capacities in 2013 Launch of the Eastern Dome of the North-Urengoyskoye field, developed by Nortgas JV, which allowed to increase production capacity of the field to more than 10 bcm of natural gas and 1.3…
  10. Deutsche Bank Global Emerging Markets One on One Conference – Novatek – slide 10
    Development of Production Capacities: Plans for 2014 Plan Timing Status First stage launched in April 2014, production restarted at limited April 2014 capacity in July following a fire at the de-ethanization facility. The Launching…
  11. Deutsche Bank Global Emerging Markets One on One Conference – Novatek – slide 11
    Monetizing Our Resource Base 1H 2014 PRODUCING FIELDS Natural gas by pipeline 100% TO DOMESTIC MARKET 33.3 bcm Separation and treatment Unstable gas condensate by pipeline Crude oil by PUROVSKY PLANT (11 mmtpa) UST- LUGA…
  12. Deutsche Bank Global Emerging Markets One on One Conference – Novatek – slide 12
    EBITDA per BOE of Production EBITDA per boe and production in 2013 2013 production breakdown 45 Total Apache Share of Share of 40 EOG production, Natural Gas Liquids mmboe 35 NOVATEK 439 93% 7% BG Pioneer PEER Anadarko 30…
  13. Deutsche Bank Global Emerging Markets One on One Conference – Novatek – slide 13
    Financial Results Normalized EBITDA1,RR bln 200% Internally Funded Investment Program 2,5 121,8 180% 2,3 160% 1,9 95,2 140% 2,0 85,4 1,7 120% 1,7 88,5 75,9 71,9 75,8 1,5 1,5 100% 1,5 50,7 44,9 56,2 34,8 80% 39,5 60%…
  14. Deutsche Bank Global Emerging Markets One on One Conference – Novatek – slide 14
    Yamal LNG
  15. Deutsche Bank Global Emerging Markets One on One Conference – Novatek – slide 15
    Yamal LNG Project Project for construction of an LNG plant on the Yamal Peninsula: Shareholders 2P PRMS gas reserves of the South-Tambeyskoye onshore conventional field at 31.12.13 - 927 bcm Total 20% Liquefaction capacity - 16.5…
  16. Deutsche Bank Global Emerging Markets One on One Conference – Novatek – slide 16
    Unrivalled Resource Potential of the Yamal Peninsula 17
  17. Deutsche Bank Global Emerging Markets One on One Conference – Novatek – slide 17
    Drilling Program Onshore Conventional Gas Five out of 19 well pads prepared for drilling Three rigs on-site 18 production wells drilled out of 58 wells required for the first train, of which 15 wells tested and confirmed…
  18. Deutsche Bank Global Emerging Markets One on One Conference – Novatek – slide 18
    Selected Contractors Contract Equipment Contractor signed EPC Technip/JGC/Chiyoda 1. Cryogenic Heat Exchangers APCI 2. Turbine Cryogenic Compressors General Electric 3. Boil-Off Gas Compressors Siemens 4. Integrated Control &…
  19. Deutsche Bank Global Emerging Markets One on One Conference – Novatek – slide 19
    Construction Works Materials Offloading Berths Living Camp Construction of Roads Piling for the LNG Tanks 20
  20. Deutsche Bank Global Emerging Markets One on One Conference – Novatek – slide 20
    LNG Transportation Routes from the Yamal Peninsula All year round to Europe and Latin America During Summer to Asia During Winter to Asia Average number of days 8 Trans- 8 shipment 12 14 25 18 26 32 36 21
  21. Deutsche Bank Global Emerging Markets One on One Conference – Novatek – slide 21
    Northern Sea Route (NSR) Length of the NSR 3,000 miles Reduces delivery time to the Asian-Pacific region by up to 2.5 times In 2010, NOVATEK sent the first cargo of gas condensate from the port of Vitino on the Barents Sea to…
  22. Deutsche Bank Global Emerging Markets One on One Conference – Novatek – slide 22
    ARC7 Ice-Class LNG Carriers 15-16 ice-class tankers required for the project Slot reservation agreement concluded Shipping tender finalized Orders for the first 10 tankers placed by the shipping companies Our ARC7…
  23. Deutsche Bank Global Emerging Markets One on One Conference – Novatek – slide 23
    Key Project Advantages Low-cost, long-lived feedstock Large onshore conventional reserve base with high concentration of reserves Well known geology and proven development technologies Very low F&D and lifting costs Convenient…
  24. Deutsche Bank Global Emerging Markets One on One Conference – Novatek – slide 24
    Appendix
  25. Deutsche Bank Global Emerging Markets One on One Conference – Novatek – slide 25
    1H 2014 (RR million) 1H 2014 1H 2013 +/(-) +/(-)% Oil and gas sales 176,414 138,366 38,048 27.5% Total revenues 177,046 138,595 38,451 27.7% Operating expenses (109,545) (90,669) (18,876) 20.8% (1) EBITDA of subsidiaries 75,862…
  26. Deutsche Bank Global Emerging Markets One on One Conference – Novatek – slide 26
    1H14/1H13 Performance Summary Macroeconomic Brent US/bbl 1.5/bbl 109.0/bbl RR depreciation/(appreciation) to US 3.97/USD 34.98 RR/USD Financial (in millions of Russian roubles) Total revenues 38,451 177,046 Total operating…
  27. Deutsche Bank Global Emerging Markets One on One Conference – Novatek – slide 27
    Natural Gas Sales Gas Sales Breakdown 100% 90% 80% ST.PETERSBURG 1H2013 1H2014 70% 572 541 VOLOGDA REGION YAMAL-NENETS 60% 1H2013 1H2014 AUTONOMOUS REGION 1H2013 1H2014 1,157 1,197 50% PERM REGION 4,045 2,410 MOSCOW…
  28. Deutsche Bank Global Emerging Markets One on One Conference – Novatek – slide 28
    Increase in End-Customer Sales 100% 6% 6% 11% 11% 10% 12% 24% 27% 38% 35% 45% 43% 43% 75% 50% 94% 94% 89% 89% 90% 88% 76% 73% 62% 65% 55% 57% 57% 25% 0% 2Q 11 3Q 11 4Q 11 1Q 12 2Q 12 3Q 12 4Q 12 1Q 13 2Q 13 3Q…
  29. Deutsche Bank Global Emerging Markets One on One Conference – Novatek – slide 29
    Liquids Sales Liquids sales Naphtha Jet fuel Diesel and fuel oil LPG Crude oil Stable gas condensate Liquids Sales Volumes, mmt 5.4 4.1 4.2 3.4 3.2 3.1 4.4 3.4 2.6 2.8 3.5 2.5 0.5 0.6 0.6 0.8 1.0 0.7 2009 2010…
  30. Deutsche Bank Global Emerging Markets One on One Conference – Novatek – slide 30
    Debt Composition as at 30 June 2014 Total Debt Maturity Profile (RR million) Debt Structure (Total Debt = RR 160.8 billion) 55,469 55,258 Fixed/floating 69% 31% 29,272 USD/RUB 78% 22% 15,348 10,000 5,456 Long-term/short-term…
  31. Deutsche Bank Global Emerging Markets One on One Conference – Novatek – slide 31
    Questions and Answers Contact details: NOVATEKs Investor Relations Mark Gyetvay, Deputy Chairman of the Management Board Alexander Palivoda, Head of IR Tel: +7 (495) 730-6013 Email: irnovatek.ru Website: www.novatek.ru

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