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1Q 2014 Financial Results – Kazmunaigas Exploration Production

Kazmunaigas Exploration Production · Apr 1, 2014 · 12 slides

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Slides

  1. 1Q 2014 Financial Results – Kazmunaigas Exploration Production – slide 1
    JSC KazMunaiGas Exploration Production 1Q 2014 Financial results April 2014
  2. 1Q 2014 Financial Results – Kazmunaigas Exploration Production – slide 2
    Recent developments Operating In 1Q14 production at OMG up by 5% YoY at 1.3 mn tonnes (106 kbopd). 2014 production is planned at 5.35 mn tonnes (108 kbopd). Annual volume of domestic supplies in 2014 is expected at 1.9 mn tonnes (2013:…
  3. 1Q 2014 Financial Results – Kazmunaigas Exploration Production – slide 3
    1Q 2014 Key Figures 1Q2014 1Q2013 YoY, % 4Q2013 QoQ, % Brent /bbl 108 113 -4% 109 -1% KMG EP production kbopd 162 158 3% 164 -1% JVs production kbopd 88 89 -1% 90 -2% Core export % 74% 75% -1% 78% -4% JVs export % 57% 89% -32% 90% -33%…
  4. 1Q 2014 Financial Results – Kazmunaigas Exploration Production – slide 4
    1Q2014 production in line with the plan kbopd 247 251 251 248 249 250 248 37 36 33 33 33 33 PKI 39 19 19 19 19 19 19 19 CCEL 33 33 31 30 33 32 33 KGM 57 56 57 57 57 57 57 EMG OMG 100 105 106 108 109 108 108 2012 2013…
  5. 1Q 2014 Financial Results – Kazmunaigas Exploration Production – slide 5
    1Q2014 Revenue down YoY on weaker Brent, lower export sales Sales by route, th. tonnes Decline in revenue is due to lower Brent and a smaller 1,995 1,967 1,978 share of export sales 25% 505 22% 432 26% 519 Revenue in KZT terms grew by…
  6. 1Q 2014 Financial Results – Kazmunaigas Exploration Production – slide 6
    Lifting costs*, OMG and EMG, /bbl Lifting costs1, OMG EMG, /bbl 14.7 15.1 14.8 15.4 In 1Q14 employee benefits grew by 12% to 1.5 1.5 Expected T26bn (in terms same) due to: 1.7 increase in 1.5 1.5 1.5 employee salary indexation by…
  7. 1Q 2014 Financial Results – Kazmunaigas Exploration Production – slide 7
    Share of JVs income US95 m in 1Q14 1Q14, USm KGM PKI Total Lower income from JVs mainly due to increased domestic supply obligations in 1Q14. Net income, 100% 135 165 Na KMG EP share in net income 68 54 122 Domestic sales in 2014 is…
  8. 1Q 2014 Financial Results – Kazmunaigas Exploration Production – slide 8
    Claims, fines and penalties Claim 2013 2014 2015 KZT bn US bn Jan May Jul Nov Jan Feb Mar Apr M J J A S O N D J F M A M J J A S O N D OMG 327.9 1.8 T327.9 bn OMG appeal EA* appeal Based on the previous experience and Kazakh…
  9. 1Q 2014 Financial Results – Kazmunaigas Exploration Production – slide 9
    Financial summary USm unless otherwise indicated 2012 1Q13 2Q13 3Q13 4Q13 2013 1Q14 Production at Core assets (kbopd) 157 158 163 165 164 162 162 Revenue 5,346 1,342 1,202 1,455 1,368 5,368 1,301 Total operating expenses (3,827)…
  10. 1Q 2014 Financial Results – Kazmunaigas Exploration Production – slide 10
    Summary of JVs financial results KGM 100%, USmn 2012 1Q13 2Q13 3Q13 4Q13 20131 1Q14 Revenue 2,310 638 571 605 634 2,448 395 Operating expenses (1,225) (353) (402) (355) (377) (1,495) (198) Income taxes (470) (99) (70) (109) (77) (355)…
  11. 1Q 2014 Financial Results – Kazmunaigas Exploration Production – slide 11
    Reference information Share information, 31/03/2014 Contacts Total Treasury Corporate website: Number of ordinary shares 70,220,935 4,124,586 www.kmgep.kz Number of preferred shares 4,136,107 2,073,276 GDRs per one ordinary share 6…
  12. 1Q 2014 Financial Results – Kazmunaigas Exploration Production – slide 12
    Abbreviations list AGM Annual General Meeting of shareholders bbl barrel mmbbl million barrels bn bbl billion barrels bopd barrels per day EGM Extraordinary General Meeting of shareholders kbopd thousand barrels per day US m million US…

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