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3Q 2019 Earnings Presentation – Inpex Corp

Inpex Corp · Nov 7, 2019 · 26 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. 3Q 2019 Earnings Presentation – Inpex Corp – slide 1
    INPEX CORPORATION Financial Results for the six months ended September 30, 2019 0 November 7, 2019
  2. 3Q 2019 Earnings Presentation – Inpex Corp – slide 2
    Agenda Corporate Overview Consolidated Financial Results for the six months ended September 30, 2019 Consolidated Financial Forecasts for the year ending December 31, 2019 1
  3. 3Q 2019 Earnings Presentation – Inpex Corp – slide 3
    Corporate Overview Takayuki Ueda Representative Director, President & CEO
  4. 3Q 2019 Earnings Presentation – Inpex Corp – slide 4
    FY 2019/12 Second Quarter Financial Results Highlights FY 2019/12 Second Quarter Results: Approximately 568 thousand BOED* Net Production (60% increase YoY) *INPEXs highest average annual net production volume to date Financial FY…
  5. 3Q 2019 Earnings Presentation – Inpex Corp – slide 5
    FY 2019/12 Second Quarter Corporate Highlights Made final investment decision on further development at ACG Oil Fields in Caspian Sea, Republic of Azerbaijan (April) Prelude FLNG facility ships first LNG cargo (June) Acquired…
  6. 3Q 2019 Earnings Presentation – Inpex Corp – slide 6
    Ichthys LNG Project Status after production startup Production rampup status Production rampup is progressing very well LNG cargo 94 LNG cargoes shipped (cumulative shipments from the first shipment in October 2018 to the end…
  7. 3Q 2019 Earnings Presentation – Inpex Corp – slide 7
    Ichthys LNG Project Exploration Blocks in Vicinity of Ichthys Field Participating interests held in 18 exploration blocks in the vicinity of the Ichthys Field. To date, gas formations including Crown, Lasseter, Mimia and Burnside…
  8. 3Q 2019 Earnings Presentation – Inpex Corp – slide 8
    Abadi LNG Project(1/3) Participating Interest INPEX(Operator):65%, Shell:35% Production Capacity Total output of natural gas (LNG equivalent): 10.5 million tons per year including Approximately 9.5 million tons of LNG per year…
  9. 3Q 2019 Earnings Presentation – Inpex Corp – slide 9
    Abadi LNG Project (2/3) Sufficiently strong project economics Secured PSC term until 2055 The Abadi gas field features excellent reservoir productivity enabling efficient development Confirmed enough reserves enabling the…
  10. 3Q 2019 Earnings Presentation – Inpex Corp – slide 10
    Abadi LNG Project(3/3) Development Concept Abadi LNG Development Concept 10
  11. 3Q 2019 Earnings Presentation – Inpex Corp – slide 11
    Progress on other Projects in Production / under Development Abu Dhabi Onshore Concession Abu Dhabi Offshore Oil Fields (Upper ZakumLower ZakumSatahUmm Al Dalkh) (In Production: Abu Dhabi) (In ProductionAbu Dhabi) Target Production…
  12. 3Q 2019 Earnings Presentation – Inpex Corp – slide 12
    Progress on Projects under Exploration North West Shelf AC/P66 Keathley Canyon Blocks 921/965 (Under Exploration: Australia (Priority Exploration Area)) Walker Ridge Blocks 881/925 (Under Exploration: US Gulf of Mexico (Priority…
  13. 3Q 2019 Earnings Presentation – Inpex Corp – slide 13
    Natural Gas Business in Japan and Renewable Energy Initiatives Natural Gas Business in Japan Renewable Energy BusinessCO2 Utilization Technologies Naoetsu LNG Terminal Methanation test facility Natural Gas Sales Indonesia:…
  14. 3Q 2019 Earnings Presentation – Inpex Corp – slide 14
    Net Production* (AprilSeptember 2019) 600 568 4% Production increase factors: 500 Ichthys and Prelude Project production start 42% up 400 355 (Thousand BOED) Acquisition of Tight Oil 6% Project 300 9% 64% 200 41%…
  15. 3Q 2019 Earnings Presentation – Inpex Corp – slide 15
    Progress of Mediumterm Business Plan 20182022 and FY 2019/12 Outlook FY 2019/03 Results FY 2019/12 Outlook (April 2019December 2019: FY 2022/12 Targets (First Year of the Midterm Plan) (Final Year of the Midterm Plan) 9month…
  16. 3Q 2019 Earnings Presentation – Inpex Corp – slide 16
    Financial Results for the six months ended September 30, 2019 Masahiro Murayama Director, Senior Executive Vice President, Finance & Accounting
  17. 3Q 2019 Earnings Presentation – Inpex Corp – slide 17
    Highlights of the Consolidated Financial Results for the six months ended September 30, 2019 Apr. Sep. 18 Apr. Sep. 19 Change %Change Net sales (Billions of yen) 438.2 575.2 137.0 31.3% Crude oil sales 372.9 424.3 51.3 13.8%…
  18. 3Q 2019 Earnings Presentation – Inpex Corp – slide 18
    Crude Oil Sales Apr. Sep. 18 Apr. Sep. 19 Change %Change Net sales (Billions of yen) 372.9 424.3 51.3 13.8% Sales volume (thousand bbl) 46,462 58,868 12,406 26.7% Average unit price of overseas 73.16 65.95 (7.21) (9.9%)…
  19. 3Q 2019 Earnings Presentation – Inpex Corp – slide 19
    Natural Gas Sales (excluding LPG) Apr. Sep. 18 Apr. Sep. 19 Change %Change Net sales (Billions of yen) 57.5 141.7 84.1 146.2% Sales volume (million cf) 69,026 222,170 153,144 221.9% Average unit price of overseas 2.67 4.42 1.75…
  20. 3Q 2019 Earnings Presentation – Inpex Corp – slide 20
    Analysis of Net Sales Increase (Billions of Yen) 700 Crude Oil (46.7) Natural Gas (including LPG) +39.9 143.3 0.0 0.4 600 (6.8) 500 Crude Oil (1.4) Natural Gas (including LPG) +1.4 400 Crude Oil +99.5 300 Natural Gas…
  21. 3Q 2019 Earnings Presentation – Inpex Corp – slide 21
    Statement of Income Increase in sales volume : +143.3 (Billions of Yen) Apr. Sep. 18 Apr. Sep. 19 Change %Change Decrease in unit price : (6.8) Exchange rate: +0.0 Net sales 438.2 575.2 137.0 31.3% Others : +0.4 Cost of sales 176.0…
  22. 3Q 2019 Earnings Presentation – Inpex Corp – slide 22
    Analysis of Net Income Increase () (Billions of Yen) 200 180 143.3 0.0 4.0 160 (6.8) 140 120 100 (69.6) (10.8) 80 (2.4) 5.0 69.4 6.2 60 (29.9) 40 34.0 20 0 Net income Increase Decrease in Increase in Other Decrease…
  23. 3Q 2019 Earnings Presentation – Inpex Corp – slide 23
    Balance Sheet (Billions of yen) Mar. 19 Sep. 19 Change %Change Current assets 457.7 453.5 (4.1) (0.9%) Tangible fixed assets 2,278.9 2,230.7 (48.2) (2.1%) Intangible assets 520.2 531.5 11.3 2.2% Summary of financial information…
  24. 3Q 2019 Earnings Presentation – Inpex Corp – slide 24
    Statement of Cash Flows (Billions of Yen) Apr. Sep. 18 Apr. Sep. 19 Change %Change Income before income taxes 246.9 271.1 24.1 9.8% Depreciation and amortization 41.7 83.0 41.3 99.1% Recovery of recoverable accounts under…
  25. 3Q 2019 Earnings Presentation – Inpex Corp – slide 25
    Differences between Consolidated Financial Forecasts and Actual Results for the six months ended September 30, 2019 Assumptions (August 8, 2019) 2nd half (Previous Forecasts) Crude oil price (Brent) (US/bbl) 66.7 Exchange rate…
  26. 3Q 2019 Earnings Presentation – Inpex Corp – slide 26
    Revisions of Financial Forecasts for the year ending December 31, 2019 Assumptions (August 8, 2019) 1st half 2nd half Full year Crude oil price (Brent) (US/bbl) 66.7 65.0 66.2 Exchange rate (yen/US) 110.0 110.0 110.0 (November…

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