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1Q 2019 Earnings Presentation – Inpex Corp

Inpex Corp · May 14, 2019 · 27 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. 1Q 2019 Earnings Presentation – Inpex Corp – slide 1
    INPEX CORPORATION Financial Results for the year ended March 31, 2019 May 14, 2019 0
  2. 1Q 2019 Earnings Presentation – Inpex Corp – slide 2
    Agenda Corporate Overview Progress of Mediumterm Business Plan 20182022 and FY 2019/12 Outlook Consolidated Financial Results for the year ended March 31, 2019 Consolidated Financial Forecasts for the year ending December 31,…
  3. 1Q 2019 Earnings Presentation – Inpex Corp – slide 3
    Corporate Overview Takayuki Ueda Representative Director, President & CEO
  4. 1Q 2019 Earnings Presentation – Inpex Corp – slide 4
    FY 2019/03 Financial Results Highlights Financial FY 2019/03 Financial Results (April 2018 March 2019) Net sales 971.3 billion (4.0% increase YoY) Results Net income 96.1 billion (138.1% increase YoY) FY 2019/12 Financial Forecasts…
  5. 1Q 2019 Earnings Presentation – Inpex Corp – slide 5
    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 startup of…
  6. 1Q 2019 Earnings Presentation – Inpex Corp – slide 6
    Ichthys LNG Project Progress after Production startup Production volume (Project 100%): LNG cargo Approximately 250 thousand BOED* 41 LNG cargoes shipped (cumulative shipments from the 1st shipment in October 2018 to the end of…
  7. 1Q 2019 Earnings Presentation – Inpex Corp – slide 7
    Ichthys LNG Project Exploration Blocks in Vicinity of Ichthys Field WA74R AC/P36 WA343P WA79R INPEX 50% WA56R WA44L (Prelude FLNG) Murphy 50% Shell 67.5% (Lasseter, 2014) (Mimia, 2008) INPEX 17.5% WA58R INPEX 60% KOGAS 10.0% WA57R…
  8. 1Q 2019 Earnings Presentation – Inpex Corp – slide 8
    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 in dialogue with the…
  9. 1Q 2019 Earnings Presentation – Inpex Corp – slide 9
    Progress on other Projects in Production / under Development Kashagan Oil Field (In Production: Kazakhstan) ACG Oil Field (In Production: Azerbaijan) Areas of Progress Areas of Progress Current production Made final investment…
  10. 1Q 2019 Earnings Presentation – Inpex Corp – slide 10
    Progress on Projects under Exploration Western Barents Sea PL1027 Onshore Block 4 (Under Exploration: Abu Dhabi) Northern Norwegian Sea PL1016 (Under Exploration: Norway) PL1027 Onshore Block 4 Awarded block in January 2019…
  11. 1Q 2019 Earnings Presentation – Inpex Corp – slide 11
    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 FY 2019/03:…
  12. 1Q 2019 Earnings Presentation – Inpex Corp – slide 12
    Net Production* (FY 2019/03) 600 Production increase factors: 500 Ichthys Project 450 424 production startup 6% 400 5% Kashagan oil field (Thousand BOED) production rampup 300 57% 54% Production decrease factor:…
  13. 1Q 2019 Earnings Presentation – Inpex Corp – slide 13
    Progress of Mediumterm Business Plan 20182022 and FY 2019/12 Outlook Takayuki Ueda Representative Director, President & CEO
  14. 1Q 2019 Earnings Presentation – Inpex Corp – slide 14
    Progress of Mediumterm Business Plan 20182022 and FY 2019/12 Outlook Made steady progress toward achieving targets set in the mediumterm business plan by reaching important milestones, such as production startup and shipment of…
  15. 1Q 2019 Earnings Presentation – Inpex Corp – slide 15
    Progress of Mediumterm Business Plan 20182022 and FY 2019/12 Outlook In FY 2019/03, net sales and net income increased yearonyear driven by higher oil prices and contribution from the Ichthys LNG Project, among other factors. The…
  16. 1Q 2019 Earnings Presentation – Inpex Corp – slide 16
    Financial Results for the year ended March 31, 2019 Masahiro Murayama Director, Senior Managing Executive Officer Senior Vice President, Finance & Accounting
  17. 1Q 2019 Earnings Presentation – Inpex Corp – slide 17
    Highlights of the Consolidated Financial Results for the year ended March 31, 2019 Apr. 17 Mar. 18 Apr. 18 Mar. 19 Change %Change Net sales (Billions of yen) 933.7 971.3 37.6 4.0% Crude oil sales 710.2 782.6 72.4 10.2% Natural gas…
  18. 1Q 2019 Earnings Presentation – Inpex Corp – slide 18
    Crude Oil Sales Apr. 17 Mar. 18 Apr. 18 Mar. 19 Change %Change Net sales (Billions of yen) 710.2 782.6 72.4 10.2% Sales volume (thousand bbl) 112,882 100,503 (12,379) (11.0%) Average unit price of overseas 56.30 70.30 14.00…
  19. 1Q 2019 Earnings Presentation – Inpex Corp – slide 19
    Natural Gas Sales (excluding LPG) Apr. 17 Mar. 18 Apr. 18 Mar. 19 Change %Change Net sales (Billions of yen) 202.0 169.2 (32.8) (16.3%) Sales volume (million cf) 264,816 232,851 (31,965) (12.1%) Average unit price of overseas 5.04…
  20. 1Q 2019 Earnings Presentation – Inpex Corp – slide 20
    Statement of Income Decrease in sales volume : (99.3) (Billions of Yen) Apr. 17 Mar. 18 Apr. 18 Mar. 19 Change %Change Increase in unit price : +139.1 Exchange rate Net sales 933.7 971.3 37.6 4.0% (Appreciation of yen) : (4.7) Others…
  21. 1Q 2019 Earnings Presentation – Inpex Corp – slide 21
    Analysis of Net Income Increase (Billions of Yen) () 250 54.7 200 34.2 84.7 150 4.8 (87.8) (29.5) 100 96.1 139.1 2.6 (43.1) (4.7) 50 40.3 0 50 (99.3) 100 Net income Decrease Increase in Exchange rate Others…
  22. 1Q 2019 Earnings Presentation – Inpex Corp – slide 22
    Balance Sheet (Billions of yen) Mar. 18 Mar. 19 Change %Change Current assets 466.3 457.7 (8.6) (1.9%) Tangible fixed assets 2,044.6 2,278.9 234.3 11.5% Intangible assets 541.5 520.2 (21.2) (3.9%) Summary of financial information…
  23. 1Q 2019 Earnings Presentation – Inpex Corp – slide 23
    Statement of Cash Flows (Billions of Yen) Apr. 17 Mar. 18 Apr. 18 Mar. 19 Change %Change Income before income taxes 307.2 494.0 186.7 60.8% Depreciation and amortization 92.8 106.8 14.0 15.2% Impairment loss 79.9 25.2 (54.7)…
  24. 1Q 2019 Earnings Presentation – Inpex Corp – slide 24
    Consolidated Financial Forecasts for the year ending December 31, 2019 (ninemonth accounting period) Masahiro Murayama Director, Senior Managing Executive Officer Senior Vice President, Finance & Accounting
  25. 1Q 2019 Earnings Presentation – Inpex Corp – slide 25
    Consolidated Financial Forecasts for the year ending December 31, 2019 (ninemonth accounting period) 1st Half (Apr. Sep. 19) 2nd Half (Oct. Dec. 19) Full year Brent oil price (/bbl) 65.0 65.0 65.0 Average exchange rate (/) 110.0…
  26. 1Q 2019 Earnings Presentation – Inpex Corp – slide 26
    Sales and Investment Plan for the year ending December 31, 2019 (ninemonth accounting period) Mar. 19 Mar. 19 Dec. 19 % (Actual) * (Forecasts ) Change (Adjusted actual ) Change Crude oil (thousand bbl)1 100,503 85,138 102,695…
  27. 1Q 2019 Earnings Presentation – Inpex Corp – slide 27
    Net Income Sensitivities Sensitivities of crude oil price and foreign exchange fluctuation on consolidated net income attributable to owners of parent for the year ending December 31, 2019 (ninemonth accounting period) (Note 1)…

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