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TAQA 9M 2013 RESULTS PRESENTATION – Taqa

Taqa · Nov 6, 2013 · 22 slides

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Slides

  1. TAQA 9M 2013 RESULTS PRESENTATION – Taqa – slide 1
    Abu Dhabi, 06 November 2013 Abu Dhabi National Energy Company TAQA 9M 2013 results presentation Q3 Results Presentation, Abu Dhabi, November 2013. www.taqaglobal.com
  2. TAQA 9M 2013 RESULTS PRESENTATION – Taqa – slide 2
    Highlights & strategy update Q3 Results Presentation, Abu Dhabi, November 2013. www.taqaglobal.com 2
  3. TAQA 9M 2013 RESULTS PRESENTATION – Taqa – slide 3
    Key highlights Operational output restored UK North Sea oil and gas production recovered following maintenance and repair work. Production averaged 39.7 mboe/day for 9M 2013 and ramped up to 57.8 mboe/day in Q3 supported by the…
  4. TAQA 9M 2013 RESULTS PRESENTATION – Taqa – slide 4
    Operational performance restored Q3 2013 compared with Q2 2013 Q2 2013 Q3 2013 % Oil & Gas Production (mboe/day) United Kingdom 32.2 57.8 +80% Cormorant Alpha resumed, Central North Sea volumes added Power & Water technical…
  5. TAQA 9M 2013 RESULTS PRESENTATION – Taqa – slide 5
    Progress on TAQAs focused strategy Building a world class, focused energy business Grow our business Prudent acquisition Prudent financial Building organizational organically strategy management capability Power and Water Completed…
  6. TAQA 9M 2013 RESULTS PRESENTATION – Taqa – slide 6
    Capital Expenditure North America forecast expected lower than budget due to 9M 2013 2013 US millions program reductions based on performance reviews alongside Actual Guidance focusing of spend on core capital efficient projects Oil…
  7. TAQA 9M 2013 RESULTS PRESENTATION – Taqa – slide 7
    Operational performance review Q3 Results Presentation, Abu Dhabi, November 2013. www.taqaglobal.com 7
  8. TAQA 9M 2013 RESULTS PRESENTATION – Taqa – slide 8
    Power & Water Power production (GWh) & water desalination (MIG) 70,000 200,000 Revenue contribution of AED 6.2 billion for 9M 2013 60,000 180,000 50,000 (excluding fuel and construction revenues) 40,000 160,000 30,000 140,000…
  9. TAQA 9M 2013 RESULTS PRESENTATION – Taqa – slide 9
    Oil & Gas 9M 2013 revenue of AED 8.6 billion (including gas storage and other revenues) United Kingdom Production has now recovered following the unplanned shut down at Cormorant Alpha. The new North Sea assets contributed 19,500…
  10. TAQA 9M 2013 RESULTS PRESENTATION – Taqa – slide 10
    Financial performance Q3 Results Presentation, Abu Dhabi, November 2013. www.taqaglobal.com 10
  11. TAQA 9M 2013 RESULTS PRESENTATION – Taqa – slide 11
    Crude oil overview Historical crude oil prices US/bbl 140 Global oil prices strengthened during the 120 period 100 WTI oil price averaged 105.82bbl for Q3 80 2013 compared with 92.22/bbl in the same 60 period last year 40 Prices…
  12. TAQA 9M 2013 RESULTS PRESENTATION – Taqa – slide 12
    Natural gas overview Historical Natural Gas Prices US/mmbtu 5 North American gas weakened in late July and August but recovered marginally heading 4 into the fall. 3 NYMEX gas prices for Q3 2013 averaged 3.55/mmbtu, versus…
  13. TAQA 9M 2013 RESULTS PRESENTATION – Taqa – slide 13
    Oil & Gas performance Net realized prices by geography (US /boe) Pricing has picked up in North American 0 20 40 60 80 100 120 liquids, offsetting slightly softer pricing in North America Europe UK realised prices of 104.79 in 9M…
  14. TAQA 9M 2013 RESULTS PRESENTATION – Taqa – slide 14
    Financial Performance Total sales revenue EBITDA 9M 2013 18,681 9M 2013 9,447 9M 2012 20,618 9M 2012 9,855 9M 2011 18,743 9M 2011 10,670 9M 2010 15,118 9M 2010 7,987 0 5,000 10,000 15,000 20,000 25,000 0 2,000 4,000 6,000…
  15. TAQA 9M 2013 RESULTS PRESENTATION – Taqa – slide 15
    Key ratios Description 9M 2012 FY 2012 Q1 2013 H1 2013 9M 2013 Gross Margin 30% 29% 28% 29% 29% Return on Equity 12% 8% 6% (4)% 1% Net Debt/ Net Capital 77% 78% 79% 81% 80% EBITDA/Interest 2.9x 2.6x 2.5x 2.5x 2.8x Net…
  16. TAQA 9M 2013 RESULTS PRESENTATION – Taqa – slide 16
    Financing Update Corporate level debt maturity profile USD millions 2,500 Strong liquidity Cash & cash equivalents of AED 4.0 billion 2,000 Unused portion of credit facilities of AED 13.6 billion 1,500 Total available liquidity…
  17. TAQA 9M 2013 RESULTS PRESENTATION – Taqa – slide 17
    Concluding remarks Q3 Results Presentation, Abu Dhabi, November 2013. www.taqaglobal.com 17
  18. TAQA 9M 2013 RESULTS PRESENTATION – Taqa – slide 18
    Appendix Q3 Results Presentation, Abu Dhabi, November 2013. www.taqaglobal.com 18
  19. TAQA 9M 2013 RESULTS PRESENTATION – Taqa – slide 19
    Operational Data Power & Water KPIs Three months ended Nine months ended September 30 September 30 2013 2012 2013 2012 UAE domestic plants Power generation (GWh) 19,392 18,477 45,143 42,471 Water desalination (MIG) 66,134 64,931…
  20. TAQA 9M 2013 RESULTS PRESENTATION – Taqa – slide 20
    Operational Data Oil & Gas Pricing Average Realised Three months ended Nine months ended Prices September 30 September 30 2013 2012 2013 2012 TAQA NORTH Crude oil (US/bbl) 91.6 75.2 81.4 77.9 Natural gas liquids (US/bbl) 56.8…
  21. TAQA 9M 2013 RESULTS PRESENTATION – Taqa – slide 21
    Operational Data Oil & Gas Production Average Production Three months ended Nine months ended September 30 September 30 2013 2012 2013 2012 North America Crude oil (mbbls/day) 17.0 16.0 17.2 17.1 Natural gas liquids (mbbls/day) 11.8…
  22. TAQA 9M 2013 RESULTS PRESENTATION – Taqa – slide 22
    Operational Data Oil & Gas Netbacks Three months ended Nine months ended Operating Netbacks September 30 September 30 2013 2012 2013 2012 North America Gross price 37.1 32.7 37.4 33.5 Royalties 4.6 4.5 4.8 5.0 Net sales price 32.5…

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