Safety performance Lost time injury frequency rate of 0.6 per million hours worked Safety performance (employees and contractors) Record hours worked in 2013 Rate per million Work hours hours worked (million) Lost time injury…
Delivering the Strong LNG project delivery in 2013 positions Santos strategy in 2013 to achieve 80 to 90 mmboe of production by 2020 AUSTRALIA LNG ASIA Fletcher Finucane first oil PNG LNG over 95% Dua and Peluang projects on…
Strong GLNG project GLNG is 75% complete and on track delivery in 2013 for first LNG in 2015 Drilling ahead of plan, 237 wells spudded in 2013 Dewatering facilities at Fairview and Roma commissioned Fairview wells continue to…
2013 Full-year financial results Andrew Seaton Chief Financial Officer Hides Gas Conditioning Plant, PNG LNG
2013 Full-year Growth in sales revenue, EBITDAX and EBIT. financial result Net profit after tax of 516 million in line with 2012 2013 Change Full-year on 2012 Production 51 mmboe -2% Sales revenue 3,602 million +12% EBITDAX…
Production 2013 production of 51 mmboe. 2014 production guidance unchanged at 5257 mmboe, growth driven by PNG LNG start-up in Q3 2014 Production Drivers of 2014 production guidance: mmboe 60 52-57 PNG LNG first cargo in Q3 2014…
Production costs 2013 production costs held flat. 2014 guidance reflects start-up of PNG LNG, Dua and Peluang, and planned shutdowns and workovers Production costs 2013 production costs held million flat at 690 million; 900…
Depreciation, depletion 2013 DD&A reflects start-up of Fletcher Finucane. and amortisation 2014 guidance of 18.50/boe DD&A costs Drivers of 2014 DD&A million guidance: 1,000 (51) 900 17.36/boe PNG LNG start-up 900 67 800…
Capital expenditure 2013 was peak year for capex. 2014 guidance unchanged at 3.5 billion Capital expenditure 2014 guidance of 3.5 billion (excludes capitalised interest) (excluding capitalised interest) Abillion GLNG 1.4 billion 4…
GLNG capex US18.5 billion GLNG gross capital cost estimate unchanged FID to Dec 2013 Capex estimate from FID 2013 capex capex until the end of 2015 billion A1 A1 US2 A3 LNG project capex (100%) 5.7 13.7 18.5 20.7 Santos 30%…
Strong funding position 3.4 billion in balance sheet capacity to fund execution of business strategy and minimise financing risk. Minimal debt maturities to 2016 Available liquidity Debt maturity profile Notes mature in 2070, with…
Strong reserves and Well positioned to meet growing energy demand with resource base 1.4 billion boe of 2P reserves and 1.9 billion boe of 2C contingent resources in Australia and Asia. 2P reserves 2008-13 2013 2P reserves and 2C…
Integrated east coast Santos is well placed to meet increased east coast gas portfolio demand with over 4,600 PJ of net 2P reserves, 6,700 PJ of 2C resources and existing infrastructure East coast gas demand is Santos east coast sales…
Production growth Delivering 80-90 mmboe of production by 2020 from already captured opportunities Santos production Upside potential mmboe Aust: Cooper shale, Cooper tight gas, Zola, 90 Winchester, Amadeus, McArthur LNG: PNG LNG…
Strong business outlook Operating cash flow is expected to double by 2016, providing the foundation for further growth and increased shareholder returns Clear production growth outlook Growing margins Robust funding position…
Delivering major projects David Knox Managing Director and Chief Executive Officer Inside LNG tank B, Curtis Island
PNG LNG project nearing PNG LNG is more than 95% complete and on track completion for first LNG in Q3 2014 Commissioning gas introduced to the Hides Gas Conditioning Plant in December Offshore pipeline, onshore condensate and…
PNG LNG potential Existing infrastructure can support potential future expansion expansion. As an owner of the foundation project infrastructure, Santos is well placed Multiple options for potential expansion of foundation 2-train…
GLNG project summary The GLNG project is 75% complete and on track for first LNG in 2015 Location Queensland, Australia Project Santos (30% and operator), partners PETRONAS, Total and KOGAS LNG 7.8 mtpa of LNG; 7.2 mtpa has…
GLNG upstream 237 wells drilled in 2013. Continued focus on field development optimisation Drilling performance in 2013 exceeded expectations 237 wells drilled in the GLNG acreage in 2013; 500 wells drilled since project FID…
Fairview & Roma field Performance of Fairview wells continues to exceed development expectations - average gas capacity of 1.8 TJ/day per well. Roma performing in line with expectations Fairview well performance as at 1 February 2014…
Upstream hub Construction of three hubs progressing well, with first construction new development wells at Fairview and Roma on-line and dewatering Water treatment facility, Fairview Hub 4 24 2013 FULL-YEAR RESULTS
Gas transmission pipeline Marine crossing tunnel completed in early-February; pipeline remains on track for completion in Q2 2014 Marine crossing tunnel construction is complete: Tunnel preparation works for pipe installation have…
LNG trains 76 of 82 train 1 modules shipped to site; all train 2 modules are under construction Train 1 in foreground, Train 2 in background 26 2013 FULL-YEAR RESULTS
LNG plant site Excellent construction progress over the last 12 months GLNG plant site, Curtis Island 27 2013 FULL-YEAR RESULTS
Asian growth Peluang and Dua projects on track. Acquisition of 50% operated interest in Ande Ande Lumut oil field completed in November 2013 Peluang, Indonesia (Santos 67.5%) 94% complete and on track for first gas in 1H 2014…
Cooper Basin Significant activity during 2013 across the REM shale unconventional play, BCG play and deep coal play exploration program REM shale gas play Fly Lake 17 Moomba-194 flowed at 3.1 mmscf/day from shale, tight sand and coal…
Narrabri Gas Project Strong Narrabri stakeholder support; appraisal drilling program underway Leewood water treatment plant Appraisal program Largely completed remediation of legacy issues 16-well appraisal program now underway and…
Summary Consistent execution of our strategy positions Santos for growth and increased returns to shareholders LNG projects nearing completion Clear production growth outlook to 2020 Progressive dividend policy Robust…
2013 Full-year results 21 February 2014
Net profit after tax Net profit in line with 2012. Higher volumes and prices offset by lower interest income, higher DD&A, exploration and other expenses Net profit after tax (NPAT) and underlying NPAT Reported NPAT in line with 2012…
Sales revenue Record sales revenue of 3.6 billion in 2013, 12% higher than 2012 Sales revenue Record sales revenue driven by: billion 4.0 Highest oil production in six 3.6 years 3.5 3.2 Average realised oil price of 3.0 2.7…
Strong operating cash Operating cash flow of 1.6 billion reflects higher flow volumes and prices offset by lower interest received and higher tax payments Operating cash flow million 1,800 1,600 1,642 1,628 1,400 1,200 1,273…
Significant items after tax million Full-year 2013 Full-year 2012 Net profit after tax 516 519 Add/(deduct) significant items Net gains on asset sales (10) (8) Net impairments 28 77 Foreign currency (gains)/losses (17) 1…
2014 guidance Item 2014 guidance Production 52-57 mmboe Production costs 820-880 million DD&A expense 18.50/boe Royalty related taxation expense1 (after tax) 60 million Capital expenditure (including exploration &…
2014 full-year sensitivities Sensitivity Change NPAT impact (Amillion) US oil price +/-US1/bbl +/-15 A gas price +/-10 cents/GJ +/-14 A/US exchange rate +/-1 cent -/+15 38 2013 FULL-YEAR RESULTS
2014 exploration schedule Delivers on our exploration strategy across super basins, frontier basins and unconventional basins Santos Well Name Basin / Area Target Timing Interest % C&S pending further Manta-1 PNG Gas 301…
2013 Full-year results Contact information Head Office Adelaide Andrew Nairn Ground Floor, Santos Centre Group Executive Investor Relations 60 Flinders Street Direct: + 61 8 8116 5314 Adelaide, South Australia 5000 Email:…
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