PEMEXs Main Issues 1 2 3 4 5 Crude Oil High Debt Crude Oil Fiscal Burden Production Fuel Theft Maturity Processing Decline Profile The strategy developed by the new administration is focused on addressing this issues 2
PEMEXs Main Issues 1 Fiscal Burden 3
Relief to the Companys Fiscal Burden Variation vs previous Fiscal Year Rate year 2019 65.00% Current Rate Gradual scheme that allows federal public finances a 2020 58.00% 7.00% transition process to adjust the federal revenues…
PEMEXs Main Issues 2 Crude Oil Fiscal Burden Production Decline 5
PEMEX has Managed to Stabilize and Increase Crude Oil Production 2,000 Daily Crude Oil Production1 Thousand barrels per day (Mbd) 1,950 1,900 1,850 1,800 1,750 1,700 1,650 1,600 1,550 1,500 Jan Feb Mar Apr May Jun…
PEMEX Recorded a 1.2% Production Increase in 3Q19 Total Crude Oil Production, 2018-20191 Average figures for 3Q19 show Thousand barrels per day (Mbd) the beginning of the increase in 1,893 1,859 1,816 production 1,723 1,674 1,673…
Authorization for Development of New Fields has been Shortened from 3 Years to Less Than 3 Months on Average 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Ayatsil Tsimn Xux Tlacame Xikin Esah The Tetl…
Significant Cost Reductions in New Exploration and Production Service Contracts Procurement strategy innovation + Transparency and honesty Cost reductions Vertical and horizontal integration of consortiums An estimated based on…
New Developments will Allow to Increase Production by Year-end Thousand barrels per day (Mbd) Tetl-1001 100 Cheek-1 Total Wells Tlacame-3 90 Manik-4 Development 11 Xikin-45 80 Hok-44 Exploration 10 70 Yaxche-100 Mulach-10 60…
Business Plan CAPEX financing1 2020-2030 IFRS This graph shows investment according to IFRS (USD billion) 13.7 13.7 12.6 11.5 12.4 12.2 11.9 1.9 1.9 0.7 11.5 0.7 1.9 1.8 9.9 10.0 3.3 8.4 4.1 2.3 11.9 12.4 12.2 11.9 11.5 9.9…
PEMEXs Main Issues 3 Fuel Theft 13
Results of the Strategy to Combat Fuel Theft Volume of fuel theft (Mbd)1 81 74 56 Fuel theft has decreased by 93% as compared to the average for 2018 23 18 9 8 5 5 5 5 4 5 5 4 Average Dec 01- Dec 21- Apr…
The Strategy to Combat Fuel Theft has a Positive Effect in COGS Non-Operating Losses - Fuel Theft MXN billion 10.7 In 3Q19, non-operating losses decreased by 91% as compared to 3Q18 1.0 Positive effect recorded MXN 9.6 3Q18…
Crude Oil Processing has been Under 40% for the Last Quarters Mbd 900 47% 50% 800 42% 40% 45% 40% 39% 41% 39% 40% 40% 40% 700 36% 37% 37% 40% 35% 35% 35% 33% 35% 600 30% 31% 30% 31% 30% 500 25% 767 400 685 670 662…
With Scheduled Maintenance, Crude Oil Processing Increased by 10% Crude Oil Processing, 2018-2019 Thousand barrels per day (Mdb) 705 Crude oil processing in the 640 657 National Refining System 597 595 559 increased by 10%, as…
National Gasoline and Diesel Production is Increasing Gasoline Production Thousand barrels per day (Mbd) 235 189 209 196 202 161 180 Higher crude oil processing has allowed gasoline and diesel production to increase during…
Increased Gasoline and Diesel Production Reduces Imports Purchases for Resale MXN billion 160.2 Purchases for resale 111.3 decreased by 31%, as compared to 3Q18 3Q18 3Q19 20
Business Plan Operational Projections 2018-2030 Crude oil processing at refineries (Mbd) 1,470 1,485 1,486 1,486 1,486 1,486 1,486 1,486 1,163 Dos Bocas 320 320 320 320 320 320 320 320 +198 27 Current NRS 1,021 1,137 1,150 1,166…
PEMEXs Main Issues 5 High Debt Maturity Profile 22
Funding and Liability Management Strategy As part of PEMEXs financing program authorized for 2019, and in line with the strategy to pay and refinance outstanding debt, the company announced a comprehensive funding and liability…
Funding and Liability Management Strategy The structure was designed by PEMEX for the efficient use of Government support and to improve the companys financial position, minimizing market financing risk. Improvement of PEMEXs…
New Issue The new issue achieved several important milestones, including: The largest issuance by any Mexican issuer in history. Largest orderbook for a PEMEX new issue in history: at its peak, demand reached USD 38 billion, which…
Repurchase and Exchange of Debt Repurchase Exchange The strong investor participation To provide additional support to the allowed PEMEX to cancel debt up to amortization profile, PEMEX an amount of USD 5,006 million with exchanged…
Results from the Transaction One key result from the transaction was the Most ambitious liability improvement on the amortization profile, lowering management exercise the average amortization to USD 6,000 million for undertaken by a…
Loading...
