1H 2019 Company Performance PT Medco Energi Internasional Tbk. (IDX Ticker: MEDC) SUSTAINABLE GROWTH
Contents 2 Business Update Executive Summary 3 Ophir Integration 4 Active Portfolio Management 5 Operational Summary 8 Financial Summary 9 Business Guidance 2019 Guidance 12 What to Expect 14 Appendix Oil and Gas…
Executive Summary 3 Completed purchase and delisting of Ophir Energy plc, integration on-track Consolidated EBITDA US343million, pro forma Ophir 450 million Maintain commitment to deleverage US355 million and US105 million…
Active Portfolio Management 4 Acquisitions have added value through enhanced scale, control and organizational competence resulting in improved efficiency, diversification and access to growth opportunities. 2019 Acquisition targets…
Active Portfolio Management 5 LNG GAS to POWER, INDONESIA Medco Power Purchased further 11.4% interest in Medco Power Finalizing strategic entrant to support gas to power expansion Ijen Geothermal Farmed down 49% of Medco Power…
Active Portfolio Management 6 RIMAU and SOUTH SUMATRA Rimau and South Sumatra Disposed 35% working interest 50 15 43 Accelerated cash from mature assets 11 10 7 6 8 July 2019 Rimau FSO end of economic life, 13 4 3…
Ophir Integration 7 Infill Campaign for Phase 4A, Bualuang Thailand Completed purchase and delisting Repaid 355 million priority debt Converted Ophir Energy plc & Salamander plc to Ltd status Progressing realization of US30…
Operational Summary 8 Oil and gas production 96 mboepd, pro forma Ophir 120 mboepd. Unit cash costs US9.0 per boe Block A, Aceh production and nominations on this recent gas development are stable at 52 53 BBtud. Bualuang,…
Financial Summary 9 Consolidated EBITDA US343 million, pro forma Ophir EBITDA US450 million. Oil, Gas and Power segments generated Net Income of US136 million, Consolidated Net Income of US28 million, pro forma Ophir of US41…
Financial Highlights 10 Underlying EBITDA (US mn) Categorized by Segments 450 1H18 300 343 300 Oil and Gas 48 Power 5 1H19 343 1H18 1H19 1H19 1H19 Pro forma 450 Pro forma Underlying Net Income (US mn) Categorized by…
Debt position 11 Maintaining commitment to deleverage Gross Debt (US mn) with US355 million of Ophir priority debt repaid in June A further US105 million of unsecured 3,508 debt repaid in early July. 2,651 2,885 2,064 2019…
2019 Guidance 12 Liquids Gas Ophir Fixed Priced Gas Indexed Priced Gas 1H 2019 oil and gas production 96 mboepd, 120 120 mboepd pro forma 110 110 Ophir, 60:40 gas to oil 100 28 2019 Production Guidance 96 4 25 26% 100 mboepd,…
2019 Guidance 13 Capex pro forma, US mn Cash Cost/Unit, US/boe 1H 2019 capex US63 million, US101 million pro forma Ophir. Oil and gas Power G&A Lifting Cost 2019 capex guidance 400 400 12.3 US350 million, US400 million 110 120…
What To Expect 14 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…
Asset Portfolio 15 Sinphuhorm Tanzania Yemen Thailand Laos Bualuang Vietnam Cambodia Chim Sao and Dua Malaysia Bengara PM322 Riau IPP Block A Bangkanai Batam IPP North Tarakan South Sokang Donggi Senoro Sokang…
Oil and Gas Statistics 16 YoY Metrics 1H18 1H19 % Net 2P Reserves, MMBOE Net Contingent Resources, MMBOE Production 332 1,104 Oil, MBOPD 33.1 35.6 7.6 303 Gas, MMSCFD 263.7 336.4 27.6 Lifting/Sales 160 Oil Lifting, MBOPD 24.9…
Financial Statistics 17 Revenue Gross Profit EBITDA Operating Cash flow Incl. US626 Incl. US347 Incl. US343 Incl. US265 MPI MPI MPI MPI million 9% million 9% million 14% million 86% Excl. US532 Excl. US297 Excl. US303 Excl.…
Notes 18
Notes 19
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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