Antonio M. Amor Refinery Salamanca, Gto. Mex. Petrleos Mexicanos Investor Presentation February 15, 2019
Disclaimer The ongoing and expected measures of the Mexican Government supporting PEMEXs financial condition mentioned in this presentation are the ones informed by the Ministry of Finance and Public Credit as of the date of this…
Alignment of interests is resulting in material operational and financial improvements PEMEX State Opex Targeted Policy Incentivized Contracts Stronger legislative (CSIEE) framework Lean cost structure Enforced judicial Capex…
Today there are more resources for CAPEX PEMEX 2019 Investment Budgetary Capital MXN Billion Expenditures 13.7 USD Billion 1.2 2.7 273.1 0.9 57.5 MXN Billion 11.1 204.6 210.7 +33.5% E&P Industrial Transformation Logistics…
The Federal Government has informed1 the following support measures for PEMEX Amount Federal Government Support MXN Billion USD Billion 1 Capitalization2 25 1.3 Cash-out of Pension Liability promissory 2 35 1.8 notes3…
Support from the Federal Government will alleviate PEMEXs financing needs in 2019 Congress Approved Net Budgeted Net Indebtedness1 Indebtedness USD billion (MXN billion) USD billion (MXN billion) New debt 12.22 (244.4) 9.35 (187.0)…
Liability Management transactions are aimed at decreasing PEMEXs debt maturity profile Financial Debt Maturity Profile1 Outstanding debt as of November 30, 2018: USD 104.1 billion2 USD billion 1.0 23.7 0.5 1.8 2.3 9.6 9.3 8.7 8.5…
The primary goal for E&P is to stabilize production Crude Oil Production Thousand barrels per day (Mbd) 3,500 3,000 2,500 2,000 1,500 1,000 500 0 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017…
New E&P strategy is focused on shallow waters and onshore fields where PEMEX has expertise and infrastructure 16 offshore Manik fields Esah Suuk Jaatsul Cheek Uchbal Xikin Koban Teekit Pokche Hok Tlacame Octli Tetl Mulach…
From December 2018, authorization of new fields development has been shortened from 3 years to 1.5 months on average Dec Jan-May 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Ayatsil Discovery Tsimn Start of…
Incentivized Service Contracts (CSIEE)1 use staggered rates according to reserve probability to incentivize exploitation The greater the risk, the higher the fee paid to third parties USD/barrel F4 F3 F1 F2 Proved Proved non…
In 2018, PEMEX lost MXN 40 billion to fuel theft1 MXN billion 70 66.3 60 Sales to final 50 26.3 consumer 40 30 66.3 50.1 First hand 20 40.0 30.8 sales 10 0 2016 2017 2018 2019E On a conservative basis, in 2019, PEMEX…
The maximum level of fuel theft was recorded on December 4th at 126 Mbd 90 Volume of Fuel Theft 81 Mbd 80 74 70 21/12/2018 Intervention in 60 56 Control Center 50 43 40 38 33 31 2828 29 28 30 24 23 24 1920 2021 20 21 21 20 20…
The Refining Capacity Utilization Rate fell to 40% in 2018 Crude Oil Processing Light Crude Oil Mbd Heavy Crude Oil 1,065 933 767 582 612 534 456 396 482 399 311 216 2015 2016 2017 2018 Production of Petroleum Products…
In order to satisfy domestic demand, PEMEX imports around 70% of total supply of gasolines and diesel Gasoline and diesel Mbd 1,217 1,168 Demand 1% 7% Other importers 75% PEMEX Imports 71% 24% 21% Production 2017-4Q…
Proposed changes to the Law of Petrleos Mexicanos1 seeks to expedite the business decision-making process Our General Director will participate permanently in the meetings of the Board of Directors without voting rights. All Board…
Annex 1: Pension Liability promissory notes cash-out In addition to the MXN 25 billion capitalization, PEMEX will receive approximately MXN 35 billion in Government support through the cash-out of the pension liability promissory…
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