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FY 2020 Results – Saudi Aramco

Saudi Aramco · Mar 22, 2021 · 25 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. FY 2020 Results – Saudi Aramco – slide 1
    FY 2020 Results March 22, 2021
  2. FY 2020 Results – Saudi Aramco – slide 2
    Amin Nasser President & CEO Saudi Aramco FY 2020 Results 3 Saudi Aramco: Company General Use
  3. FY 2020 Results – Saudi Aramco – slide 3
    COVID-19: Care for employees and communities Workforce safety, health and wellbeing is our top priority Dedicated taskforce on virus prevention and containment Supported communities in which we operate globally Saudi…
  4. FY 2020 Results – Saudi Aramco – slide 4
    COVID-19: Focus on business continuity Proactive approach to maintain safe operations: activated contingency plans Capability for 55,000 employees to work remotely Project execution not impacted Saudi Aramco FY 2020…
  5. FY 2020 Results – Saudi Aramco – slide 5
    Succeeding in a challenging environment Brent Global demand1 (/bbl) (mmbpd)2 75 110 60 100 45 30 90 15 80 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 Q4 21 Actual Forecast Brent price…
  6. FY 2020 Results – Saudi Aramco – slide 6
    Continuing to deliver during an extremely challenging 2020 Operational reliability Environmental stewardship Growth Delivered record daily crude Maintained leadership in Completed acquisition of 70% and gas production upstream…
  7. FY 2020 Results – Saudi Aramco – slide 7
    Khalid Al-Dabbagh CFO Saudi Aramco FY 2020 Results 8 Saudi Aramco: Company General Use
  8. FY 2020 Results – Saudi Aramco – slide 8
    Highlights of first year post-IPO Performing as a public Unparalleled total Strong investor Recognized company shareholder return1 (%) confidence performance Successful bond issuance Several prestigious awards Declared 75bn dividend…
  9. FY 2020 Results – Saudi Aramco – slide 9
    Differentiated energy company Reported 49.0 0.174 4 net income Total recordable 0.044 2020 (Bn) case frequency3 Peer average1 Peers1 0.23 ROACE 13.2 Upstream methane 0.06 4 2020 (%) intensity (%) OGCI5 Peers1 2…
  10. FY 2020 Results – Saudi Aramco – slide 10
    Cash position improved despite challenging environment (Bn) 104.5 69.6 26.9 55.3 47.4 Cash balance Sources1 Dividends Capex2 Cash balance end 2019 paid end 2020 1. Sources includes net cash provided by operating…
  11. FY 2020 Results – Saudi Aramco – slide 11
    Capital discipline and flexibility Capex Continuing highly disciplined (Bn) approach to capital allocation 2019 2020 2021 Low upstream capital intensity of 50 4.0 per boe2,3,4 45 40-45 40 35-40 c.35 Low upstream cost per barrel5…
  12. FY 2020 Results – Saudi Aramco – slide 12
    Delivering shareholder value Delivered solid earnings and cash balance Declared 75bn dividend Maintained strong balance sheet and stand alone credit rating Investor confidence: Share price resilience Significantly…
  13. FY 2020 Results – Saudi Aramco – slide 13
    Going forward: sustainable and growing free cash flow Liquids Potential for continued volume growth Advantaged low cost, low carbon resource base Gas Meet growing domestic demand Commercial returns Downstream Enhancing…
  14. FY 2020 Results – Saudi Aramco – slide 14
    Amin Nasser President & CEO Saudi Aramco FY 2020 Results 15 Saudi Aramco: Company General Use
  15. FY 2020 Results – Saudi Aramco – slide 15
    Sustainability proposition Focus areas Climate change Minimizing A framework encompassing environmental impact four key focus areas Sustainability KPIs on Corporate Scorecard for management remuneration Accelerating Growing…
  16. FY 2020 Results – Saudi Aramco – slide 16
    A leader in low carbon oil today Upstream carbon intensity1 Upstream methane intensity (kg CO2e/boe) (%) 0.20 20 10.5 0.06 Aramco OGCI Target3 Aramco OGCI Ambition3 20202 2025 20202 2025 Note: low carbon refers to…
  17. FY 2020 Results – Saudi Aramco – slide 17
    Goal: leadership in future decarbonized and affordable energy Hydrogen Focus on potential rapid growth in hydrogen demand Aramco advantages: Low cost feedstock, including gas 1 Large scale cost competitive CCUS potential due…
  18. FY 2020 Results – Saudi Aramco – slide 18
    Our strengths: one of worlds largest energy resources, lowest cost, lowest upstream carbon intensity, focus on technology & sustainability, enabled by human capital Investing for the future Saudi Aramco FY 2020 Results 19
  19. FY 2020 Results – Saudi Aramco – slide 19
    Questions & Answers Saudi Aramco FY 2020 Results 20 Saudi Aramco: Company General Use
  20. FY 2020 Results – Saudi Aramco – slide 20
    Appendix Saudi Aramco FY 2020 Results 21 Saudi Aramco: Company General Use
  21. FY 2020 Results – Saudi Aramco – slide 21
    Strategy Maintain position as the worlds largest crude oil producer by 4 Expand global recognition of 1 brands production volume and one of the lowest cost producers, while providing reliable, low carbon intensity crude oil…
  22. FY 2020 Results – Saudi Aramco – slide 22
    FY 2020 Upstream milestones Maintained MSC at 12.0 mmbpd Added 2.5 bscfd to gas processing capacity with Fadhili Gas Plant reaching full capacity Al-Khafji operations resumed Marjan and Berri increments Uthmaniyah gas plant…
  23. FY 2020 Results – Saudi Aramco – slide 23
    FY 2020 Downstream milestones Completed acquisition of a majority stake in SABIC Transforms Aramco into a major global petrochemical player Operations in more than 50 countries Key role supporting highest single day crude oil…
  24. FY 2020 Results – Saudi Aramco – slide 24
    FY 2020 operational and financial highlights Hydrocarbon production Free cash flow3 mmboed1 Bn 12.4 FY 2019: 13.2 49.1 FY 2019: 78.3bn Crude production Capital expenditure mmbpd2 Bn 9.2 FY 2019: 9.9 26.9 FY 2019:…
  25. FY 2020 Results – Saudi Aramco – slide 25
    Net income: 2020 versus 2019 Bn, unless otherwise indicated 2019 2020 Key drivers Realized oil prices (/bbl) 64.6 40.6 Hydrocarbon production (mmboed) 13.2 12.4 24/bbl decrease in crude price Refining Industry Composite margin1…

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