Santos overview A leading energy company in Australia and Asia One of Australias largest domestic gas producers 2013 production 140,000 boe/d (75% gas/25% liquids) Bay of Bengal Phu Khanh Top-20 Australian Securities Exchange…
Our strategy Strong LNG project delivery positions Santos to achieve 80 to 90 mmboe of production by 2020 AUSTRALIA LNG ASIA Growing Cooper Basin gas First LNG production from Peluang project delivered in capacity to meet…
Eastern Australia gas Additional supply is required to meet increased market transformation demand and Santos well placed to benefit Eastern Australia gas demand (PJ) Tripling of gas demand creating market tightness 2,500 Recent east…
Increasing Cooper Basin Targeting three key areas during 2014-16 gas production enabling cost efficiencies from increased scale 2 rig, pad development focus Santos acreage Gas field Moomba High deliverability Oil field Gas…
Australian shale Cooper and McArthur Basins have some key technical attributes comparable to successful US shale basins Organic matter Hydrocarbon Mineralogy TOC wt% content Non-clay content McArthur Basin mmboe/km2 % Darwin…
Cooper Basin Building knowledge and technological capacity to unconventional crack the code; two shale wells now producing exploration program Clear progress along commercialisation pathway: Moomba 192 Confirmed prospective resource…
Santos unique Interests in four LNG projects LNG portfolio with growth opportunities Producing Darwin LNG PNG LNG 11.5% equity 13.5% equity 3.7 mtpa plant capacity 6.9 mtpa plant capacity Fully contracted to 2022 6.6 mtpa contracted…
Global LNG demand US LNG alone will not fill the gap vs US LNG in 2025 mtpa Constraints on 500 US LNG exports Buyer appetite for 400 diversity of supply Contestable 100 mtpa 160 market Not all US LNG projects US LNG will secure…
US LNG pricing Portfolio players and trading houses dominate US LNG off-take with higher pricing Sabine Pass LNG pricing - 2012 Portfolio player pricing terms for resale - 2013 US/mmBtu US/mmBtu 16 16 Spot 14.6/mmBtu 14 13.5/mmBtu…
First LNG from PNG LNG, Production from the first LNG train will increase over ahead of schedule coming weeks and the first cargo is expected to be shipped to Asian markets before mid-year. Location Papua New Guinea Project Santos…
PNG LNG potential Existing infrastructure can support potential future expansion expansion. As an owner of the foundation project infrastructure, Santos is well placed SW Hides Deep NE Exploration prospect below the existing Hides…
GLNG project summary The GLNG project is 80% 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 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 Average 2013 drilling and…
Fairview & Roma field Performance of Fairview wells continues to exceed development expectations - average gas capacity of 1.9 TJ/day per well. Roma performing in line with expectations Fairview well performance Roma well performance…
Upstream construction Construction of the Fairview Hubs 4 and 5 and Roma Hub 2 is now over 85% complete. Roma Hub 2, April 2014. 17 INVESTOR PRESENTATION MAY 2014
Gas transmission pipeline The marine crossing tunnel is complete, and over half of the pipeline has been hydrotested Marine crossing tunnel construction is complete and pipeline pushed through All of the mainland and Curtis…
LNG trains The installation of Train 1 modules is nearing completion and the first 7 of 29 Train 2 modules have been delivered to site and set on foundations LNG trains, April 2014. 19 INVESTOR PRESENTATION MAY 2014
LNG jetty The LNG jetty is over 95% complete. LNG jetty, April 2014. 20 INVESTOR PRESENTATION MAY 2014
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%…
Bonaparte LNG Competitive concept definition has been completed with consortia FEED bids under evaluation. FEED targeted for mid-2014 Development of Petrel, Tern and Frigate fields, located 250km west of Darwin Floating LNG…
Asian growth Peluang project delivered on schedule and budget; Dua on track for first oil in mid-2014. Peluang, Indonesia (Santos 67.5%) Project delivered in March 2014, on budget and ahead of schedule Expected gross production…
Browse Basin Material resource build to support multiple commercialisation options including collaboration with adjacent resource owners for brownfield expansion Significant resource build Grand prospect Bassett West across the…
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…
Appendix May 2014
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…
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…
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…
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 exploration schedule Delivers on our exploration strategy across super basins, frontier basins and unconventional basins Santos Well Name Basin / Area Target Timing Interest % Manta-1 PNG Gas 301 C&S, pending testing South…
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: andrew.nairnsantos.com GPO…
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