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1Q 2019 RESULTS – Medco Energi

Medco Energi · Jun 1, 2019 · 17 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 RESULTS – Medco Energi – slide 1
    1Q 2019 RESULTS PT Medco Energi Internasional Tbk. (IDX Ticker: MEDC) SUSTAINABLE GROWTH
  2. 1Q 2019 RESULTS – Medco Energi – slide 2
    Contents 2 Business Update Summary 3 Financial Performance 4 Operational Performance 5 Management Discussion Portfolio Overview 7 2019 Guidance 8 What to Expect 11 Appendix Oil & Gas 12 Medco Power Indonesia 13 Amman…
  3. 1Q 2019 RESULTS – Medco Energi – slide 3
    1Q 2019 Executive Summary 3 Ophir Acquisition: Successfully completed on 21 May 2019 EBITDA US160 million up by 8% year-on-year Production 90.5 mboepd above guidance MPI: Generated power sales 624 GWh up by 6% year-on-year…
  4. 1Q 2019 RESULTS – Medco Energi – slide 4
    1Q 2019 Financial Summary 4 Successful completion of Ophir acquisition on 21 May 2019 Gross Profit US172 million, 14% higher y-o-y with an improved 61% gross margin. EBITDA US160 million, 8% higher y-o-y from improved margins, due…
  5. 1Q 2019 RESULTS – Medco Energi – slide 5
    1Q 2019 Operational Summary 5 Oil and gas production 90.5 mboepd and above guidance Unit cash costs US7.9 per boe and within guidance Block A fully commissioned and passed Governments Place in Service test, GSA capacity test…
  6. 1Q 2019 RESULTS – Medco Energi – slide 6
    Financial Highlights 6 Underlying EBITDA (US mn) Categorized by Segments 160 147 1Q18 147 Oil and Gas 14 Power 1 1Q19 160 1Q18 1Q19 Underlying Net Income (US mn) Categorized by Segments 28 1Q18 22 22 Oil and Gas 21…
  7. 1Q 2019 RESULTS – Medco Energi – slide 7
    Leading E&P player in Southeast Asia 7 Sinphuhorm Tanzania Yemen Tunisia Bangladesh Thailand Laos Block 12W Bualuang Tarakan Vietnam Cambodia Simenggaris Bengara Malaysia Riau CCPP Bangkanai Block A MEB DEB TM2500…
  8. 1Q 2019 RESULTS – Medco Energi – slide 8
    2019 Proforma Guidance 8 150 Gas Gas Daily Maximum Rate Indexed Priced Gas Ophir 1Q19 production 90.5 Liquids Gas TOPQ Fixed Priced Gas mboepd; due to Block A at 125 125 full production 125 110 15 2019 guidance 110 mboepd 26%…
  9. 1Q 2019 RESULTS – Medco Energi – slide 9
    2019 Proforma Guidance 9 Capex, US mn Cash Cost/Unit*, US/boe 2019 pro-forma capex Power Oil & Gas US400 million including 400 G&A Lifting Cost Ophir 329 12.3 110 60 8.8 9.1…
  10. 1Q 2019 RESULTS – Medco Energi – slide 10
    Debt position 10 Debt (US mn) May 2019 USD bond extended average debt maturity to 4 years from 3 years. 2020 and 2021 debt bullet maturities secured in escrow 2,693 2,781 2,183 2,196 Gross debt flat y-o-y, repayments off-set…
  11. 1Q 2019 RESULTS – Medco Energi – slide 11
    What To Expect 11 Continued deleveraging and delivery on commitments Warrants exercised and place pre-emptive rights Disciplined capital investment proforma capex US400 million Monetise gas discoveries; Senoro phase 2 POD…
  12. 1Q 2019 RESULTS – Medco Energi – slide 12
    Oil and Gas (excluding Ophir) 12 YoY Net 2P Reserves, MMBOE Metrics 1Q18 1Q19 % Life Index: 10 Years Net Contingent Resources, MMBOE Production Gas Oil 490.6 Oil, MBOPD 33.9 33.4 (1.4) Gas, MMSCFD 274.1 314.4 14.7 Lifting/Sales…
  13. 1Q 2019 RESULTS – Medco Energi – slide 13
    Medco Power Indonesia 13 YoY Metrics 1Q18 1Q19 % Gross Installed Capacity, MW Pipeline Projects, MW IPP Sold and O&M Capacity IPP O&M IPP O&M IPP Sold, GWh 590 624 5.7 2,676 2,819 2,835 O&M Capacity, MW 2,150 2,174 1.1 Average…
  14. 1Q 2019 RESULTS – Medco Energi – slide 14
    Amman Mineral Nusa Tenggara 14 YoY Copper Gross Reserves & Resources Gold Gross Reserves & Metrics 1Q18 1Q19 % 2018 (Mlbs) Resources 2018 (koz) Production Batu Hijau 24,380 33,592 Batu Hijau Copper, Mlbs 40.4 33.9 (16.0) 3,030…
  15. 1Q 2019 RESULTS – Medco Energi – slide 15
    Consolidated Financial performance 15 Profit & Loss (US mn) 1Q18 1Q19 YoY % Balance Sheet (US mn) 1Q18 1Q19 YoY % Revenue 285.6 283.9 (0.6) Cash and cash equivalents 639.6 544.3 (14.9) - Oil and gas 228.4 239.5 4.9 Investments…
  16. 1Q 2019 RESULTS – Medco Energi – slide 16
    Financial performance: excluding Medco Power 16 Profit & Loss (US mn) 1Q18 1Q19 YoY % Balance Sheet (US mn) 1Q18 1Q19 YoY % Revenue 228.6 240.2 5.1 Cash and cash equivalents 546.1 447.5 (18.0) Investments 1,059.2 1,126.7 6.4 - Oil…
  17. 1Q 2019 RESULTS – Medco Energi – slide 17
    Company Address : PT Medco Energi Internasional Tbk. The Energy Building 53rd Floor SCBD Lot 11A Jl. Jend. Sudirman, Jakarta 12190 Indonesia P. +62-21 2995 3000 F. +62-21 2995 3001 Investor Relations: Email.…

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