INPEX CORPORATION Financial Results for the six months ended September 30, 2018 November 8, 2018
Agenda Corporate Overview Consolidated Financial Results for the six months ended September 30, 2018 1
Corporate Overview Takayuki Ueda Representative Director, President & CEO
First Half FY 2019/03 Financial Results Presentation Highlights Halfyear Financial Results (Apr.2018 Sep.2018) Net sales 438.2 billion (2.2% decrease YoY Financial Results Net income 34.0 billion (12.9% increase YoY and Forecasts…
First Half FY 2019/03 Corporate Highlights Sustainable Growth of Oil and Natural Gas E&P Activities Appointed as Asset Leader for Lower Zakum Oil Field Offshore Abu Dhabi, UAE (April) Completed offshore preparations for production…
Ichthys LNG Project Overview Current progress Proved reserves Production of gas from the wellhead began in July 2018 Approx. 930 million BOE (based on INPEXs Commenced condensate and LNG shipment in October participating interest of…
Ichthys LNG Project History History since acquisition of the Ichthys Block: 19982018 19982018 1998 Acquisition of Block Acquired the Ichthys Block as operator Confirmed the presence of gas and 20002004 Exploration condensate…
Ichthys LNG Project Status after Production startup Production rampup OPEX Production currently undergoing steady ramp up Peaktime production cost expected to be Production expected to reach plateau 23 years from LNG similar to…
Ichthys LNG Project Exploration Blocks in Vicinity of Ichthys Field WA74R AC/P36 WA343P INPEX 50% WA79R Murphy 50% WA56R (Lasseter, 2014) (Mimia, 2008 WA44L(Prelude FLNG) WA58R Shell 67.5% INPEX 60% INPEX 17.5% WA57R TOTAL 40%…
Abadi LNG Project Current Progress Conducted PreFEED work based on an onshore LNG development scheme with an annual LNG production capacity of 9.5 million tons from March to October 2018. Currently developing revised plan of…
Project Progress under Development / in Production Abu Dhabi Oil Fields Kashagan Oil Field Prelude FLNG Project (In Production: Abu Dhabi) (In Production: Kazakhstan) (Under Development: Australia) Current Progress Current…
Project Progress under Exploration Northern Gulf of Mexico R1.4 Block 3 (Perdido) Western Barents Sea PL767 Southern Gulf of Mexico R2.4 Block 22 (Salina) Western Barents Sea PL950 (Under Exploration: Mexico) (Under Exploration:…
Natural Gas Business in Japan and Renewable Energy Initiatives Natural gas business in Japan Renewable energy business Sarulla Geothermal IPP Project Natural Gas Sales Establishment of Renewable Energy & Power Business…
Net Production* (April September 2018) 500 481 5% Production increase factors 400 355 Production rampup at 6% Kashagan Project 54% Production commencement at (Thousand BOED) 300 Ichthys Project 64% 200 9% Production…
Note: Announced on May 11, 2018 Mediumterm Business Plan 20182022 Cash Allocation during the 5Year Period* Main Business Initiatives Cash In Cash Out (1) Oil & Natural Gas (2) Global Gas Value Chain Upstream Achieve annual…
Financial Results for the six months ended September 30, 2018 Masahiro Murayama Director, Senior Managing Executive Officer Senior Vice President, Finance & Accounting
Highlights of the Consolidated Financial Results for the six months ended September 30, 2018 Apr. Sep. 17 Apr. Sep. 18 Change %Change Net sales (Billions of yen) 447.9 438.2 (9.7) (2.2%) Crude oil sales 330.9 372.9 42.0 12.7%…
Crude Oil Sales Apr. Sep. 17 Apr. Sep. 18 Change %Change Net sales (Billions of yen) 330.9 372.9 42.0 12.7% Sales volume (thousand bbl) 57,530 46,462 (11,068) (19.2%) Average unit price of overseas 51.25 73.16 21.91 42.8%…
Natural Gas Sales (excluding LPG) Apr. Sep. 17 Apr. Sep. 18 Change %Change Net sales (Billions of yen) 108.3 57.5 (50.7) (46.8%) Sales volume (million cf) 151,351 69,026 (82,325) (54.4%) Average unit price of overseas 5.14 2.67…
Analysis of Net Sales Decrease (Billions of Yen) 500 Crude Oil (63.2) Crude Oil (6.1) Natural Gas (including LPG) (0.3) Natural Gas (including LPG) (47.6) 450 106.6 1.0 (6.5) 400 350 (110.9) 300 Crude Oil 111.5 Natural Gas…
Statement of Income Decrease in sales volume : (110.9) (Billions of Yen) Apr. Sep. 17 Apr. Sep. 18 Change %Change Increase in unit price : +106.6 Exchange rate Net sales 447.9 438.2 (9.7) (2.2%) (Appreciation of yen) : (6.5) Others :…
Other Income/Expenses Apr. Sep. Apr. Sep. (Billions of Yen) Change %Change 17 18 Other income 15.6 33.6 17.9 114.7% Interest income 4.0 4.1 0.0 1.4% Dividend income 2.0 1.4 (0.6) (31.3%) Equity in earnings of affiliates Profit…
Analysis of Net Income Increase (Billions of Yen) () 100 15.4 80 46.1 4.2 60 (4.5) 40 30.1 34.0 (44.3) 106.6 (3.3) 1.0 20 (6.5) 0 20 40 (110.9) 60 Net income Decrease Increase in Exchange rate Others Decrease in…
Balance Sheet (Billions of yen) Mar. 18 Sep. 18 Change %Change Current assets 466.3 646.0 179.7 38.5% Summary of financial information Tangible fixed assets 2,044.6 2,207.5 162.9 8.0% for Ichthys downstream JV (100% basis,…
Statement of Cash Flows (Billions of Yen) Apr. Sep. 17 Apr. Sep. 18 Change %Change Income before income taxes 195.4 246.9 51.5 26.4% Depreciation and amortization 45.4 41.7 (3.7) (8.2%) Recovery of recoverable accounts under…
Differences between Consolidated Financial Forecasts and Actual Results for the six months ended September 30, 2018 Assumptions (August 9, 2018) 1st half (Previous Forecasts) Crude oil price (Brent) (US/bbl) 72.5 Exchange rate…
Revisions of Financial Forecasts for the year ending March 31, 2019 Assumptions (August 9, 2018) 1st half 2nd half Full year Crude oil price (Brent) (US/bbl) 72.5 70.0 71.2 Exchange rate (yen/US) 109.6 110.0 109.8 (November 7,…
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