Investor Presentation A New Context & Broader Potential January 2014
Content A New PEMEX Financial and Context in Upstream Downstream Takeaways Snapshot Investments Mexico 2
A New & Attractive Environment The Energy Reform bill including changes and addendums to the Mexican Constitution was promulgated on December 20, 20131 Type of Compensation Contract PEMEX and PEMEX will be operators will be…
What Comes Next 90 days SENER will prioritize PEMEXs requests for exploratory Round Zero 03/21/2014 blocks and producing fields and define its dimensions Approval and amendments to more than 20 laws 120 days New Regulatory…
Distribution of Roles Define exploration and exploitation areas; as well as the type of contract awarded (licenses, production sharing, profit sharing, or a combination of the previous) Award assignments, including round zero…
What Challenges Will PEMEX Face Transport, storage Exploration & Processing of and distribution of Production Hydrocarbons hydrocarbons (Upstream) (Downstream) (Midstream) PEMEX will compete along the entire value chain…
Benefits & Opportunities New New Industry Business Scheme Environment State productive Transfer of technology and Operational and enterprise know-how efficiency metrics Management and Collaboration with Decision-making budgetary…
Positive Remarks on Mexico and PEMEX Standard & Poors. December 19, 2013. The passage of a landmark energy reform, supported by some changes in the fiscal framework, bolsters Mexico's growth prospects and fiscal flexibility in the…
Content A New PEMEX Financial and Context in Upstream Downstream Takeaways Snapshot Investments Mexico 9
A Snapshot Exploration and Downstream International Production Crude oil production: 2,513 Refining capacity: 1,690 Crude oil exports: 1,187 Mbd1 Mbd1 Mbd1 3rd largest oil exporter to the Natural gas production: 6,406 Strategically…
Content A New PEMEX Financials and Context in Upstream Downstream Takeaways Snapshot Investments Mexico 11
Stable Production and Improving RRR2 Stable Crude Oil Production (Mbd) Growing Natural Gas Production (MMcfd) 3,500 8,000 3,000 7,000 6,4061 2,5131 6,000 2,500 Non-associated Onshore 5,000 2,000 4,000 1,500 Off-shore 3,000 1,000…
Top Tier Player in Shallow Waters CAYO ARCAS KU-MALOOB-ZAAP CANTARELL ABKATUN-POL-CHUC Competitive Advantages 87% of 1P reserves are located in the Southeastern basins Competitive cost structure (Production cost US 6.84…
Mexicos Next Production Frontiers Deep Water PEMEX has made important footsteps in Mexicos next production frontiers PEMEX has acquired significant information from deep and ultra-deep water oil fields in the Gulf of Mexico:…
Mexicos Next Production Frontiers - Shale PEMEX has made important footsteps in Mexicos next Bakken Bakken Bakken production frontiers Antrim Antrim Antrim Marcellus Eagle Ford and Woodford Niobrara Niobrara Niobrara…
Sustainable Growth in Upstream Mbd 3,000 3,500 Historical Forecast Integrated 3,000 Contracts Development 2,500 Ku-Maloob-Zaap Tsimin Xux Aceite Terciario Ayatsil Tekel 2,000 Cantarell del Golfo Integrated 1,500 Contracts…
Content A New PEMEX Financial and Context in Upstream Downstream Takeaways Snapshot Investments Mexico 17
Downstream and Future Potential Competitive Advantage Producer Zone Infrastructure is geographically Refinery located in strategic areas Petrochemical Center PEMEX is active in related- Gas Processing Center markets along the…
Content A New PEMEX Financial and Context in Upstream Downstream Takeaways Snapshot Investments Mexico 19
Profitability, Cash Generation & Debt Ratios Source: Audited and Unaudited Financial Results of PEMEX. 20
Investing To Meet Our Long-term Goals 2.0% Pemex- Petrochemicals Pemex-Gas & Basic 2.0% Petrochemicals 11% Pemex- Refining Pemex- 85% Exploration & Production Figures are nominal and may not total due to rounding…
Expected Sources and Uses of Funds 2014 Price: 85.0 USD/b Exchange rate: Ps. 12.90/USD Crude oil production: 2,520 Mbd Crude oil exports: 1,170 Mbd Sources (USD billion) Uses (USD billion) Net Indebtedness: 9.7 USD billion…
A Diversified & Well-Distributed Debt Structure By Currency By Interest Rate By Instrument By Currency Exposure Maturity Profile Consolidated Debt1 Outstanding Debt US61.3 billion(1) as of September 30, 2013 (1) Does not…
Content A New PEMEX Financial and Context in Upstream Downstream Takeaways Snapshot Investments Mexico 25
Takeaway Points The new context in the Mexican oil & gas sector will represent significant benefits to PEMEX. PEMEX will face competition along the entire value chain. PEMEX is strategically positioned and has significant…
Expected Benefits for the Country Mexican Energy Sector New pricing Exploitation and Sustainability & schemes for fuel proper use of social equity and electrical hydrocarbons energy Rational use of National content…
Heavy Developed Infrastructure in the Campeche Sound (Southeastern Basins) CAYO DE ARCAS YUM KK TAKUNTAH KU S FPSO NAB FSO KU S KU A Marine Regions KU H NOHOCH A AKALJ Production complexes: 15 AKALC ABKATUN Processing…
Harvesting Mexicos Most Promising Reserves Producing Basins MMMboe (billion barrels of oil equivalent) Oil and Gas Reserves Prospective Acum. Resources Gas Basin Prod. 1P 2P 3P No Conv. (90%) (50%) (10%) Conv. Southeastern 45.4…
Low Cost Production and Replacement Production Costsa,b Finding and Development Costsc,d USD 2012 / boe USD 2012 / boe Production Costs1 Finding and Development Costs2,3 USD 2012 / boe USD 2012 / boe Pemex 6.84 Shell 11.75 Statoil…
Los Ramones Natural Gas Project Objective: Develop natural gas infrastructure projects (pipelines and compressor stations) in order to connect natural gas reserves and pipelines in the U.S within Mexico (north west, north east and…
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