Skip to main content Investor Update – BG Group Investor Presentation | Shale Experts
Loading...
Pm

Investor Update – BG Group

BG Group · Feb 1, 2015 · 31 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Investor Update – BG Group – slide 1
    BG Group Investor update February 2015 First cargo loading, QCLNG
  2. Investor Update – BG Group – slide 2
    2014 Full year results Volumes Delivering growth projects 2014 E&P at 606 kboed 178 LNG cargoes 5 FPSOs onstream in Brazil First LNG from QCLNG operational highlights Accelerating value creation Appointment of new Chief…
  3. Investor Update – BG Group – slide 3
    2014 Full year results Non-cash impairment of 5.9 billion post-tax 2014 Total results loss of 1.1 billion; down 148% financial Business performance earnings of 4.0 billion; down 8% performance Capex of 9.4 billion; down 1.8 billion…
  4. Investor Update – BG Group – slide 4
    2014 Full year results We will continue to: With renewed focus on: Operating in Invest in low cash operating cost Lower capital expenditure and a low oil projects in Brazil & Australia improving capital discipline price Progress…
  5. Investor Update – BG Group – slide 5
    Operational update QCLNG liquefaction plant, Curtis Island, Australia
  6. Investor Update – BG Group – slide 6
    Operational update E&P volumes (kboed) 650 633 (50) 39 606 600 64 (19) Increasing (6) 9 volumes 550 Growth* 112 from growth 500 assets 450 569 400 494 Base 350 300 2013 volume Egypt US Other Australia Brazil…
  7. Investor Update – BG Group – slide 7
    Operational update Net production (kboed) 50 Q4 net production 46 kboed 2014 40 Upstream infrastructure QCLNG in place delivery 30 2 350 wells drilled 1 600 wells available for 20 production or dewatering Train 1 start-up…
  8. Investor Update – BG Group – slide 8
    Operational update Train 1 on plateau in Q2 QCLNG Train 2 start-up in Q3 Plateau output of outlook 8 mtpa mid-2016 Jordan & Woleebee New pic Creek infrastructure on track Optimising equity and third-party gas Jordan CPP,…
  9. Investor Update – BG Group – slide 9
    Operational update Net production (kboed) 120 Q4 net production 100 2014 103 kboed 3 FPSOs on plateau Brazil 80 FPSO 5 (Iracema South) delivery start-up in October 60 FPSO 4 (Sapinho North) start-up in 40 November Flow…
  10. Investor Update – BG Group – slide 10
    Operational update FPSOs 4 and 5 ramp-up 10 producer wells 2015 pre-drilled FPSO 6 well advanced Brazil Q4 deployment on outlook Iracema North* 4 producer wells pre-drilled Submit initial Iara development plan Unitisation…
  11. Investor Update – BG Group – slide 11
    Operational update 5 more FPSOs due onstream Brazil: 7 producer wells pre-drilled 2016 and Leased FPSOs beyond Work ongoing in Asian shipyards Replicant FPSOs FPSO 10 in Brazil for integration work Closely monitoring progress…
  12. Investor Update – BG Group – slide 12
    Operational update Net production (kboed) 700 2014 projects delivered 600 Egypt WDDM Phase 9a Managing Trinidad & Tobago Starfish the base 500 Kazakhstan: record assets 400 gross production of 390 kboed 300 2015 delivery…
  13. Investor Update – BG Group – slide 13
    Operational update LNG cargoes 200 Europe & other North America LNG: Asia 150 Spot purchases South America remains the Equatorial Guinea focus 100 Nigeria Asia Egypt 50 Trinidad & Tobago 0 2013 2014 2013…
  14. Investor Update – BG Group – slide 14
    Operational update mtpa 25 20 Adding volumes and 15 flexibility 10 5 0 Base QCLNG Sabine Pass contracted* (plateau (plateau mid-2016) late 2017) * Excluding Egyptian LNG Train 2 contracted offtake 15
  15. Investor Update – BG Group – slide 15
    Operational update 2014 highlights: 2015 focus: Exploration Tanzania total gross resource Drilling 12-15 E&A wells and 16 tcf Hub exploration in Australia, appraisal Successful appraisal activity in North Sea and Trinidad & Brazil…
  16. Investor Update – BG Group – slide 16
    Operational update Focus on safety and asset integrity 2015 Upstream growth driven by Australia and Brazil operational Base assets: maximise throughput and minimise costs priorities Optimise LNG portfolio returns Exploration focus…
  17. Investor Update – BG Group – slide 17
    Financial review 2015 outlook billion 2013 2014 vs. 2014 Brazil development 1.8 2.4 Similar Reducing capital spend Australia development 5.7 3.6 Lower by 50% Lower by Base assets development 2.4 2.6 50% Exploration 1.3…
  18. Investor Update – BG Group – slide 18
    Financial review Production 650-690 kboed 2015 outlook LNG Shipping & Marketing total operating profit 0.7-1.0 billion Cash capital spend of 6-7 billion Group effective tax rate 45% Group sensitivity to 1 per barrel change in oil…
  19. Investor Update – BG Group – slide 19
    BG Group Appendices First cargo loading, QCLNG
  20. Investor Update – BG Group – slide 20
    Financial review million 2014 2013 % change Upstream 3 947 4 967 -21% Financial LNG Shipping & Marketing 2 544 2 643 -4% highlights 2014 Total operating profit 6 537 7 616 -14% Net cash flow from operations 7 399 7 817…
  21. Investor Update – BG Group – slide 21
    Financial review Upstream total operating profit ( million) 5000 4 967 (497) 1 162 (892) Profit (756) impacted by market prices & mix 4000 (71) 34 3 947 3000 2013 Volumes Price Mix E&P costs Liquefaction Exploration /…
  22. Investor Update – BG Group – slide 22
    Financial review E&P cost ( million) 8000 442 (178) 7 201 408 220 6 309 New 6000 DD&A developments drive 4000 Other E&P costs increased costs Royalties & other 2000 Lifting costs 0 2013 costs Lifting costs…
  23. Investor Update – BG Group – slide 23
    Financial review E&P cost (/boe) 60 52.7 Revenue 50.9 50 47.6 New 45.4 20.1 EBIT margin developments 40 23.5 24.0 impacting unit 30 24.6 costs 11.0 DD&A 11.3 20 9.1 6.0 7.7 Other E&P costs 3.9 4.2 7.2 10 4.4…
  24. Investor Update – BG Group – slide 24
    Financial review LNG Shipping & Marketing total operating profit ( million) 2750 35 (133) 2 643 Spot (1) 2 544 purchases 2500 drive higher costs of supply 2250 2000 2013 Volumes Margin, mix & BD/Other costs 2014…
  25. Investor Update – BG Group – slide 25
    Financial review million 2014 2013 % change Business performance operating profit 6 537 7 616 -14% Impairments Net finance costs (133) (203) +34% offset solid Tax (2 369) (3 039) +22% underlying Business performance earnings 4…
  26. Investor Update – BG Group – slide 26
    Financial review billion 0.7 5.9 6 0.1 0.2 0.1 5.9 billion 5 2.7 0.3 post-tax 4 non-cash impairments 3 2 1.8 1 Commodity price impact Australia 0 QCLNG QCLNG Tunisia North Sea USA Others Egypt Total pipeline…
  27. Investor Update – BG Group – slide 27
    Financial review Consolidated cash flow ( billion) 14 7.4 (9.4) 12 Cash generation 10 and 8 deployment 6 6.2 5.3 1.5 (0.3) (1.0) 0.9 4 2 Free cash flow (2.2) 0 2013 cash Net CF Capex Net interest Dividends…
  28. Investor Update – BG Group – slide 28
    Financial review Strong liquidity position Liquidity 5.3 billion cash and cash equivalents and capital Access to 7.3 billion of undrawn facilities structure 5.5 billion disposal proceeds expected in 2015 Net debt 12.0 billion;…
  29. Investor Update – BG Group – slide 29
    million 2500 2000 Capital market 1500 maturity profile 1000 500 0 USD GBP EUR HKD Based on recent forward curve assumptions, excluding further changes to the portfolio 30
  30. Investor Update – BG Group – slide 30
    Operational update mmboe 20000 18 511 17 771 17 016 221 mmboe reserves 4 583 monetised via production Reserves 15000 4 740 4 212 Moved 350 mmboe to and discovered resource from resources 10000 6 739 6 041 risked…
  31. Investor Update – BG Group – slide 31
    BG Group Investor update February 2015 First cargo loading, QCLNG

From the store

Browse maps, data & reports in the Shale Experts store