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1Q 2020 Company Results – Medco Energi

Medco Energi · Aug 26, 2020 · 16 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 2020 Company Results – Medco Energi – slide 1
    1Q 2020 Company Results PT Medco Energi Internasional Tbk (IDX Ticker: MEDC)
  2. 1Q 2020 Company Results – Medco Energi – slide 2
    Contents Performance Summary COVID 19 - MedcoEnergi Response 3 1Q 2020 Executive Summary 4 1Q 2020 Financial Summary 5 1Q 2020 Operational Summary 6 Active Portfolio Management 7 Financial Highlights 8 Business Guidance 2020…
  3. 1Q 2020 Company Results – Medco Energi – slide 3
    COVID 19 - MedcoEnergi Response Prioritizing Health and Safety of Workforce and Communities WORK FORCE SAFETY COMMUNITY SUPPORT No direct impact from Covid 19 on business continuity Donations to hospitals, community health centers…
  4. 1Q 2020 Company Results – Medco Energi – slide 4
    1Q2020 Executive Summary Consolidated EBITDA US181 mn, up by 13% year-on year Oil & Gas: Production 101 mboepd, up by 10% year-on-year Meliwis project delivered first gas and approval to develop Paus Biru gas field Successful…
  5. 1Q 2020 Company Results – Medco Energi – slide 5
    1Q 2020 Financial Summary Consolidated EBITDA US181 mn, 13% higher y-o-y, despite 15% drop in realized oil prices (1Q 2020 US51.3/bbl, 1Q 2019 US60.7/bbl) Net Income US20 mn loss with profits from the Oil and Gas and Power segments,…
  6. 1Q 2020 Company Results – Medco Energi – slide 6
    1Q 2020 Operational Summary Production 101 mboepd, up 10% from 1Q 2019, down by 5% from 4Q 2019 Extended 1Q 2020 shutdown in Block A Aceh due to land stability concerns caused by exceptionally high seasonal rainfall Cash costs…
  7. 1Q 2020 Company Results – Medco Energi – slide 7
    Active Portfolio Management Closed and Integrated Value Adding Acquisitions Acquisitions have added value through enhanced scale, control and organizational competence. Acquisition targets are screened to ensure: Improved MedcoEnergi…
  8. 1Q 2020 Company Results – Medco Energi – slide 8
    Financial Highlights Consolidated EBITDA Growth (US mn) Consistent historic EBITDA 68 63 growth throughout the 49 52 51 commodity price cycle 42 799 Realized oil price down 15% YoY 433 585 660 225 265 Q1 production impaired 6…
  9. 1Q 2020 Company Results – Medco Energi – slide 9
    2020 Guidance: Production Liquids Gas Fixed Priced Gas Indexed Priced Gas 1Q 2020 Actual Production 101 mboepd within revised 100 - 105 100% 101 guidance 90 Block A maintenance reduced 1Q 30% production by 6 mboepd 60 67 57 2020…
  10. 1Q 2020 Company Results – Medco Energi – slide 10
    2020 Guidance: Expenditure 1Q20 Actual Cash Cost/Unit 1, US/boe Q1 US67 mn, US51 million in Oil & Gas and G&A Lifting Cost US16 million in Power; full year in line with 2020…
  11. 1Q 2020 Company Results – Medco Energi – slide 11
    Commitment to deleverage Gross Debt (USmn) IDR Bond maturities in 2020 and 2021 secured in escrow Early repayment of US400 mn Notes 3,307 3,195 3,316 through tender call in March and 2,698 2,471 2,623 exercised call option in…
  12. 1Q 2020 Company Results – Medco Energi – slide 12
    What To Expect 2020-2021 Covid-19 Focus: Prioritizing Health & Safety and minimize business disruption Prudent liquidity management and forward planning Disciplined capital investment Operating & procurement synergies, cash…
  13. 1Q 2020 Company Results – Medco Energi – slide 13
    Asset Portfolio Sinphuhorm Tanzania Yemen Thailand Laos Bualuang Vietnam Cambodia Chim Sao and Dua Malaysia Bengara PM322 Bangkanai Block A South Natuna Sea Block B North Tarakan Sokang Simenggaris Mexico Libya Oman…
  14. 1Q 2020 Company Results – Medco Energi – slide 14
    Oil and Gas Statistics YoY Metrics 1Q19 1Q20 % Net 2P Reserves, MMBOE Net Contingent Resources, MMBOE Production 938 Oil, MBOPD 33.4 40.6 21.3 299 Gas, MMSCFD 314.4 325.4 3.2 267 Lifting/Sales Oil Lifting, MBOPD 23.8 30.9 29.8…
  15. 1Q 2020 Company Results – Medco Energi – slide 15
    Financial Statistics (1Q19 vs 1Q20) Average Revenue Gross Profit EBITDA Realized Price Oil Incl. Incl. Incl. Price US51.3 16% MPI US290 2% MPI US120 30% MPI US181 13% /bbl million million million Excl. Excl. Excl. Gas US5.6…
  16. 1Q 2020 Company Results – Medco Energi – slide 16
    Executive Summary 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 Email: investor.relationsmedcoenergi.com Website…

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