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Investor Presentation March 2022 – PEMEX

PEMEX · Mar 1, 2022 · 36 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. Investor Presentation March 2022 – PEMEX – slide 1
    Investor Presentation March, 2022 Deer Park refinery, Houston, Texas 2022. Petrleos Mexicanos. All the rights reserved.
  2. Investor Presentation March 2022 – PEMEX – slide 2
    Key Highlights 2022. Petrleos Mexicanos. All the rights reserved.
  3. Investor Presentation March 2022 – PEMEX – slide 3
    Total Crude Oil Production1 Thousand barrels per day (Mbd) 2012-2018 2019-2024 2,548 2,522 2,063 2,429 -1% Forecast 1,971 -3.7% 2,267 Real 1,903 4.7% -6.7% 2,154 -5% 3.6% 1,948 1,756 8.3% -9.6% 1,833 1,701 1,705 -5.9%…
  4. Investor Presentation March 2022 – PEMEX – slide 4
    1P Reserves Evolution Billion barrels of crude oil equivalent 16.5 15.5 14.7 14.3 14.0 13.8 13.8 13.9 13.4 12.4 9.6 +5% 8.6 7.7 7.4 7.4 7.0 7.2 2006 2006 2007 2007 2008 2009 2008 2009 2010 2010 2011 2011 2012 2012…
  5. Investor Presentation March 2022 – PEMEX – slide 5
    Crude Oil Processing Thousands barrels per day (Mbd) 747 740 666 695 591 Refinery rehabilitation continues, allowing increases in the level of processing. Annual IQ IIQ IIIQ IVQ Average 2020 2021 6 2022. Petrleos…
  6. Investor Presentation March 2022 – PEMEX – slide 6
    Financial Variables 2022. Petrleos Mexicanos. All the rights reserved.
  7. Investor Presentation March 2022 – PEMEX – slide 7
    PEMEX: Income Statement, 4Q21 MXN billion 447 PEMEX recorded an MXN 26 billion operating income. -347 Items such as foreign exchange loss, impairment, and labor cost do not imply cash flows, therefore do not represent losses…
  8. Investor Presentation March 2022 – PEMEX – slide 8
    EBITDA and EBITDA Margin EBITDA1 EBITDA Margin MXN billion %, EBITDA / Total Sales 124 128 130 106 36% 33% 33% 29% 29% 68 23% 53 19% 41 18 7% 4Q21 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 1Q20 2Q20 3Q20…
  9. Investor Presentation March 2022 – PEMEX – slide 9
    CAPEX Evolution, 2015-2020 MXN million 183,021 161,492 122,476 113,025 111,127 96,762 2016 2017 2018 2019 2020 2021 Source: 20-F PEMEX Report , 2015 - 2020. Preliminary Financial Statements as of December 31, 2021. 10…
  10. Investor Presentation March 2022 – PEMEX – slide 10
    Other Relevant Indicators 2022. Petrleos Mexicanos. All the rights reserved.
  11. Investor Presentation March 2022 – PEMEX – slide 11
    Fuel Theft, 2018-2021 Thousands barrels per day (Mbd) Deviation by illicit fuel market1 56 43.4 92.7%2 decrease in fuel theft 26.6 24.1 21.4 16.4 12.8 6.4 4.8 4.1 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021…
  12. Investor Presentation March 2022 – PEMEX – slide 12
    Successful Strategy Against Fuel Theft MXN billion 36.2 PEMEXs estimated savings in the last three years amount to MXN 102.1 billion1 5.6 3.2 3.6 3.6 1.0 0.7 1.8 2018 2019 2020 2021 Gasoline and diesel LPG 1. As…
  13. Investor Presentation March 2022 – PEMEX – slide 13
    Payments to Suppliers and Contractors 2017-20211 MXN million 370,711 PEMEX has maintained payments to its 277,625 278,413 279,815 279,002 suppliers and contractors even in the worst months of last year's COVID crisis. In…
  14. Investor Presentation March 2022 – PEMEX – slide 14
    Federal Government Support 2021 Support DUCs rate evolution Percentage Amount Benefit MXN 2019 65 million Tax credit for Profit Sharing 73,280 2020 58 Duty (DUC). Equity contributions for debt 202,569 repayment. 2021 54 Total…
  15. Investor Presentation March 2022 – PEMEX – slide 15
    Public Debt and Financing Strategy 2022. Petrleos Mexicanos. All the rights reserved.
  16. Investor Presentation March 2022 – PEMEX – slide 16
    Payments to suppliers and contractors Aiming to support its suppliers and contractors, Petrleos Mexicanos strengthened the Productive Chains Program for the Development of Suppliers, Contractors, and Service Providers with the 2021…
  17. Investor Presentation March 2022 – PEMEX – slide 17
    10-year PEMEX bond yield 12.4 12.05% 11.4 Interest Rate (%) 10.4 9.4 Declaration of 8.4 Maximum: COVID-19 7.65% / 20 nov pandemic 7.4 6.4 6.32% 5.4 Nov-18 Jan-19 Mar-19 Jun-19 Aug-19 Nov-19 Jan-20 Apr-20…
  18. Investor Presentation March 2022 – PEMEX – slide 18
    Debt Maturity Profile USD millions 1 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 1. It does not consider the balance of the revolving credit lines drawn down, nor the accrued interest, nor the…
  19. Investor Presentation March 2022 – PEMEX – slide 19
    2021 Public Debt MXN billion Approved Net Net Indebtedness Indebtedness1 Objective2 Financing 173.3 276.0 Amortizations 129.3 333.8 Indebtedness 44 -57.8 Annual trajectory of net public indebtedness Federal Government support…
  20. Investor Presentation March 2022 – PEMEX – slide 20
    Short Term Debt 4Q21 USD million Promissory Accrued PEMEX - 8,612 Notes Jan-Dec 2021 Interests PMI - 2,362 Monetization Maturities 7,490 1,525 10,561 4,052 23,627 In 2022, Revolving credit For accounting PEMEX will…
  21. Investor Presentation March 2022 – PEMEX – slide 21
    ESG1 at PEMEX 2022. Petrleos Mexicanos. All the rights reserved. 1. Environmental, Social and Corporate Governance criteria
  22. Investor Presentation March 2022 – PEMEX – slide 22
    ESG at PEMEX (1/2) PEMEX is committed to safety, occupational health, environmental Environmental Social protection and sustainable development. PEMEX is taking specific actions to mitigate the effects of risks related to ESG…
  23. Investor Presentation March 2022 – PEMEX – slide 23
    ESG at PEMEX (2/2) Enviromental risk inventary (period 2022-2024) In October 2021, CRPEMEX instructed to Estimated the responsible areas to Number of Priority attention cost1 prepare an initial three- risks 1 MXN million year…
  24. Investor Presentation March 2022 – PEMEX – slide 24
    Exploration & Production 2022. Petrleos Mexicanos. All the rights reserved.
  25. Investor Presentation March 2022 – PEMEX – slide 25
    The implemented actions resulted in a 585 Mbd increase above 2018's decreasing trend Liquids Daily Production Mbd 2,000 Production Annual 31-Dec-21 1,900 decline Annual 1,767 Mbd 10.4% anual growth 1,800 2.1 % anual Stabilization…
  26. Investor Presentation March 2022 – PEMEX – slide 26
    Quarterly performance of liquids' production Liquids Production Mbd 1,715 1,736 1,740 1,751 1,736 1,686 3% 4% 7% 8% 1,500 Crude Oil Production 2021 27% 30% 21% 1,000 79% 500 63% 58% Offshore Onshore 0 2020 1Q21 2Q21 3Q21…
  27. Investor Presentation March 2022 – PEMEX – slide 27
    New Fields Project produced 322 Mbd at the end of 4Q21 Mbd Wells Qo Wells Qo 31-Dec-21 Field Field 322 Mbd 350 () (Mbd) () (Mbd) Cheek 4 18.1 Xikin 2 2.2 Manik 3 11.2 Xolotl 1 5.1 300 Esah 1 0.0 Cibix 5 4.4 Cahua 2 1.7 Valeriana 1…
  28. Investor Presentation March 2022 – PEMEX – slide 28
    Quarterly performance of natural gas production Natural Gas Production1 MMcfd 4,000 3,639 3,700 3,658 3,690 3,720 3,692 3,500 Natural Gas 28% Production 2021 27% 3,000 2,500 48% 2,000 52% 1,500 73% 72% 1,000 Offshore…
  29. Investor Presentation March 2022 – PEMEX – slide 29
    Natural Gas Use MMcfd Gas Flaring 700 89.2% 88.1% 86.7% (MMcfd) 85.1% 86.9% 86.9% Natural Gas Use / 1 600 Total Gas Produced 500 400 712 300 608 605 620 555 513 200 100 0 2020 1Q21 2Q21 3Q21 4Q21 2021 1. Include…
  30. Investor Presentation March 2022 – PEMEX – slide 30
    1P Reserves Evolution Billion barrels of crude oil equivalent 16.5 15.5 14.7 14.3 14.0 13.8 13.8 13.9 13.4 12.4 +6% 9.6 8.6 7.7 7.4 7.4 7.0 7.2 2006 2006 2007 2007 2008 2009 2008 2009 2010 2010 2011 2011 2012 2012…
  31. Investor Presentation March 2022 – PEMEX – slide 31
    Reserve Replacement Ratio Percentage Variation 1P million barrels of crude oil equivalent Production % Reserve replacement ratio 2,000 101% 104% 1,500 86% 72% 77% 124% 120% 68% 1,000 50% 67% 100%* 41% 500 35% 17% 4% 0…
  32. Investor Presentation March 2022 – PEMEX – slide 32
    Industrial Processes 2022. Petrleos Mexicanos. All the rights reserved.
  33. Investor Presentation March 2022 – PEMEX – slide 33
    Crude Oil Process and Petroleum Products Production Crude Oil Processing Variable Refining Margin Mbd USD/b Annual Average 8.0 Quarterly 750 712 5.85 Average 591 6.0 500 49% 49% 4.0 3.32 747 740 2.92 666 695 2.17 250 2.0 51% 51%…
  34. Investor Presentation March 2022 – PEMEX – slide 34
    Gas Processing and Production Wet Gas Processing MMpcd Sweet Wet Gas 3,000 2,765 Sour Wet Gas 2,628 16% 15% 2,000 2,653 2,610 2,619 2,631 1,000 84% 85% - 2020 1Q21 2Q21 3Q21 4Q21 2021 Dry Gas and Gas Liquids Production MMpcd…
  35. Investor Presentation March 2022 – PEMEX – slide 35
    Petrochemicals Production Production of petrochemicals Thousand tons (Mt) 1 Other 1,385 1,364 Carbon black 17% 1,200 339 21% Sulfur 12% 11% Propylene and Derivatives 20% 365 15% 800 Aromatics and 0.6% 0.4% Derivatives 6%…
  36. Investor Presentation March 2022 – PEMEX – slide 36
    INVESTOR RELATIONS (+52) 559126 2940 www.pemex.com/en/investor 2022 D.R. Petrleos Mexicanos. Todos los derechos reservados.

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