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1H 2020 Company Results – Medco Energi

Medco Energi · Oct 3, 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. 1H 2020 Company Results – Medco Energi – slide 1
    1H 2020 Company Results PT Medco Energi Internasional Tbk (IDX Ticker: MEDC)
  2. 1H 2020 Company Results – Medco Energi – slide 2
    Contents Performance Summary COVID 19 - MedcoEnergi Response 3 1H 2020 Executive Summary 4 1H 2020 Financial Summary 5 1H 2020 Operational Summary 6 Financial Highlights 7 Business Guidance 2020 Guidance 8 What to Expect…
  3. 1H 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 and US8 mn spending Donations to hospitals, community health centers to…
  4. 1H 2020 Company Results – Medco Energi – slide 4
    1H 2020 Executive Summary Consolidated EBITDA US305 mn, down by 5% year-on year Oil & Gas: Production 101 mboepd, up by 5% year-on-year Meliwis project delivered first gas and approval to develop Paus Biru gas field Successful…
  5. 1H 2020 Company Results – Medco Energi – slide 5
    1H 2020 Financial Summary Consolidated EBITDA US305 mn, down 5% y-o-y, cost efficiencies and synergies from the integration of Ophir Energy, supporting EBITDA despite lower demand, and 39% drop in oil price (1H 2020 US38.7/bbl, 1H…
  6. 1H 2020 Company Results – Medco Energi – slide 6
    1H 2020 Operational Summary Production 101 mboepd, up 5% from 1H 2019, following the Ophir acquisition. Q2 gas demand is essentially at TOPQ, significantly below capacity to deliver and below normal pre Covid-19 levels Cash costs…
  7. 1H 2020 Company Results – Medco Energi – slide 7
    Financial Highlights Consolidated EBITDA Growth (US mn) Consistent EBITDA growth 68 throughout the commodity price 52 63 63 49 cycle 42 39 Flat EBITDA y-o-y despite lower 859 249 energy demand and a 39% drop 585 660 610 in…
  8. 1H 2020 Company Results – Medco Energi – slide 8
    2020 Guidance: Production Liquids Gas Fixed Priced Gas Indexed Priced Gas 1H 2020 Actual Production 101 mboepd within revised 115 guidance, up 5% year-on-year following 100 - 105 100% the Ophir acquisition 101 96 Q2 gas demand at…
  9. 1H 2020 Company Results – Medco Energi – slide 9
    2020 Guidance: Expenditure 1H20 Actual Cash Cost/Unit 1, US/boe 1H capex US178 mn, US120 mn in Oil & G&A Lifting Cost Gas and US58 mn in Power; full year in…
  10. 1H 2020 Company Results – Medco Energi – slide 10
    Commitment to deleverage Gross Debt (US mn) Retired 2022 US400 mn Notes via 1H Tender Offer and Q3 Call Exercise Restricted Group Gross Debt US2.7 bn, down 8% y-o-y, with improved Net Debt1 of US2 bn, 3,508 2,885 3,195 3,041…
  11. 1H 2020 Company Results – Medco Energi – slide 11
    What To Expect 2020-2021 Covid-19 Focus: Prioritizing Health and Safety and minimize business disruption Prudent liquidity and liability management Disciplined capital investment and portfolio management Operating and procurement…
  12. 1H 2020 Company Results – Medco Energi – slide 12
    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…
  13. 1H 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. 1H 2020 Company Results – Medco Energi – slide 14
    Oil and Gas Statistics YoY Metrics 1H19 1H20 % Net 2P Reserves, MMBOE Net Contingent Resources, MMBOE Production 1,104 332 949 Oil, MBOPD 35.6 41.0 15.2 294 Gas, MMSCFD 336.7 325.8 (1.2) Lifting/Sales 160 Oil Lifting, MBOPD 35.1…
  15. 1H 2020 Company Results – Medco Energi – slide 15
    Financial Statistics (1H19 vs 1H20) Average Revenue Gross Profit EBITDA Realized Price Oil Incl. Incl. Incl. Price US38.7 39% MPI US552 8% MPI US203 38% MPI US305 5% /bbl million million million Excl. Excl. Excl. Gas US5.5…
  16. 1H 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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