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2014 Credit Suisse Energy Summit – Freeport-Mcmoran Inc.

Freeport-Mcmoran Inc. · Feb 11, 2014 · 28 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. 2014 Credit Suisse Energy Summit – Freeport-Mcmoran Inc. – slide 1
    2014 Credit Suisse Energy Summit February 2014
  2. 2014 Credit Suisse Energy Summit – Freeport-Mcmoran Inc. – slide 2
    Oil & Gas Portfolio Chevron Chariot FM O&G Morocco Mazagan Permit Area Kosmos, BP Kosmos, BP Madden Agadir Chevron Kosmos, BP 169 BCFE total resource potential Cairn Genel California 107 BCFE proved reserves Cairn, Genel…
  3. 2014 Credit Suisse Energy Summit – Freeport-Mcmoran Inc. – slide 3
    2013 Year in Review Focused on Execution Strong Operating Performance - 40% Increase in pro forma production volumes compared to prior year - 125% Increase in pro forma cash flow compared to prior year Advanced Important Projects…
  4. 2014 Credit Suisse Energy Summit – Freeport-Mcmoran Inc. – slide 4
    A Strong & Focused Organization Key Strengths Strong Management of the Base Production 2013 MBOE/D (1) 2013 Cash Operating Margins (1) - Offshore GOM 72 (2) 70 - California 39 62 Eagle Ford 46 67 Effective Capital Management…
  5. 2014 Credit Suisse Energy Summit – Freeport-Mcmoran Inc. – slide 5
    Operational Plan Oil & Gas Cash Net Production Operating Margin(1)(2) 450 7,200 2013 Results 400 6,400 Significantly 350 Exceeded Plan 5,600 300 4,800 MBOE/D MM 250 4,000 200 3,200 150 4,400 4,500 4,700 2,400 4,000…
  6. 2014 Credit Suisse Energy Summit – Freeport-Mcmoran Inc. – slide 6
    Base Oil Producing Assets California Gulf of Mexico Eagle Eagle Ford Ford Horizonta Texas Louisiana Legend Legend Sutton FM O&G ACREAGE PXP ACREAGE Val Verde Edward Kinney OIL WINDOW OIL WINDOW Maver GAS…
  7. 2014 Credit Suisse Energy Summit – Freeport-Mcmoran Inc. – slide 7
    Per BOE Cash Operating Margin Strength by Area 4Q 2013 California Deepwater GOM Eagle Ford Cash Operating Cash Operating Cash Operating Margin Margin Margin 54 75 64 Cash Production Costs 35 Cash Production Costs Cash…
  8. 2014 Credit Suisse Energy Summit – Freeport-Mcmoran Inc. – slide 8
    Cash Operating Margin Leader Quarter Ending September 30, 2013 70.00 60.00 /BOE 50.00 40.00 30.00 20.00 10.00 0.00 FM O&G Note: Sources: public filings, Barclays. Companies referenced in this chart: Apache,…
  9. 2014 Credit Suisse Energy Summit – Freeport-Mcmoran Inc. – slide 9
    Dynamic Production Growth Operating Development Exploration 350 300 Keathley Canyon Mississippi Pliocene-Miocene 250 Inboard Lower Canyon Area GreenTertiary/Cretaceous MBOE/D Inboard Lower Canyon Area Keathley Canyon…
  10. 2014 Credit Suisse Energy Summit – Freeport-Mcmoran Inc. – slide 10
    Exploration/Development Growth Areas Louisiana Inboard Lower Tertiary/Cretaceous 1 Viosca 5 Knoll 2 Morocco Mississippi Canyon Mississippi Canyon Area Green Canyon Area 3 Atwater Valley Morocco Garden Banks Green…
  11. 2014 Credit Suisse Energy Summit – Freeport-Mcmoran Inc. – slide 11
    Inboard Lower Tertiary/ Cretaceous 1 Texas Louisiana Lomond North Lineham Creek England Davy Jones Blackbeard Area Lafitte Exploration Development Assets Approximately 15 identified exploration and development projects…
  12. 2014 Credit Suisse Energy Summit – Freeport-Mcmoran Inc. – slide 12
    Conceptual Model Inboard Lower Tertiary/Cretaceous Recognized as Industry Leader in This New Exploration Frontier Drilling activities to date have successfully confirmed geologic model and have indicated the potential for a major…
  13. 2014 Credit Suisse Energy Summit – Freeport-Mcmoran Inc. – slide 13
    Highlander Discovery Cretaceous Tuscaloosa Lomond North Discovery FM O&G Jeanerette Minerals 1 Proposed Lomond NE Cretaceous Tuscaloosa Trend Cumulative Production 3.1 TCF, 121 mmbc Tuscaloosa Trend Gross Pay Lomond…
  14. 2014 Credit Suisse Energy Summit – Freeport-Mcmoran Inc. – slide 14
    Highlander Discovery Cretaceous Tuscaloosa Lomond North Discovery FM O&G Judge Digby Field Type Log Jeanerette Minerals 1 3.0 TCF Gross Resource Potential Tusc 1 Tusc 2 Tusc 3 Proposed Lomond NE Cretaceous…
  15. 2014 Credit Suisse Energy Summit – Freeport-Mcmoran Inc. – slide 15
    Deepwater Gulf of Mexico Update Louisiana Marlin (100% WI) Texas Field Will be Shut-in for Planned Platform Maintenance and Subsea Tieback Holstein (100% WI) Upgrades in 3Q14 Production Facilities Capable of Handling Over 100,000…
  16. 2014 Credit Suisse Energy Summit – Freeport-Mcmoran Inc. – slide 16
    Mississippi Canyon Area 2 VK0868 VK0869 VK0870 VK0871 VK0872 VK0873 Marlin 19 identified exploration and Ram Powell development projects targeting VK0912 VK0913 VK0914 VK0915 Dorado VK0916 VK0916 9 stacked, high quality…
  17. 2014 Credit Suisse Energy Summit – Freeport-Mcmoran Inc. – slide 17
    Mississippi Canyon King M63 King Field Composite Type Log 80 MMBOE Net Resource Potential Prop M63 1 NW Fault Block A Prop 3 Prop M63 1ST1 Prop 2 Prop D3ST M63 Sand Attic Prop D9 D3 M63 Sand Producer A 18
  18. 2014 Credit Suisse Energy Summit – Freeport-Mcmoran Inc. – slide 18
    Mississippi Canyon Horn Mountain Deep Horn Mountain Composite Type Log 47 MMBOE Net Resource Potential Deeper pool test below proven J&M Sand field pays targeting the M56 Sand which has been found productive in several nearby…
  19. 2014 Credit Suisse Energy Summit – Freeport-Mcmoran Inc. – slide 19
    Green Canyon Area 3 Holstein Tungsten Deep 599 598 600 601 602 603 14 identified exploration and 25 65 MMBOE development projects targeting MMBOE Holstein highly productive Miocene and 642 643 51644 645 646 647 MMBOE 588…
  20. 2014 Credit Suisse Energy Summit – Freeport-Mcmoran Inc. – slide 20
    Green Canyon Holstein Deep Development Miocene Type Log 86 MMBOE Net Resource Potential GC 643 OCS-G 16772 1 & 1ST2 Oil Proposed Wells 21
  21. 2014 Credit Suisse Energy Summit – Freeport-Mcmoran Inc. – slide 21
    Keathley Canyon Area 4 Pliocene Miocene 1 identified development East Breaks Garden Banks project and 4 identified exploration projects targeting highly productive Pliocene and Diana Miocene sands Hoover Keathley Canyon Lucius,…
  22. 2014 Credit Suisse Energy Summit – Freeport-Mcmoran Inc. – slide 22
    Keathley Canyon Lucius Development 82 MMBOE Net Resource Potential Pliocene Lucius 1 Lucius 3 Lucius 6 Lucius 2 Lucius 4 Lucius 5 919 Miocene Completion Miocene Oil Gas Planned Producer 23
  23. 2014 Credit Suisse Energy Summit – Freeport-Mcmoran Inc. – slide 23
    Morocco 5 Miocene and Cretaceous Exploration Approximately 8 identified exploration projects Spud dates starting January 2015 Net resource potential of 1,728 MMBOE for the first 3 prospects (Toubkal, Jbel Musa and Amtoudi)…
  24. 2014 Credit Suisse Energy Summit – Freeport-Mcmoran Inc. – slide 24
    Freeport-McMoRan Oil & Gas Today High Value Production With Superior Margins + High Impact Development Projects Directed Around Producing Assets + Emerging Exploration From Inboard Lower Tertiary/Cretaceous, International and…
  25. 2014 Credit Suisse Energy Summit – Freeport-Mcmoran Inc. – slide 25
    Addendum 26
  26. 2014 Credit Suisse Energy Summit – Freeport-Mcmoran Inc. – slide 26
    Reconciliation of Cash Operating Margin (Non-GAAP) to Gross Profit (GAAP) The following table reconciles cash operating margin, a non-GAAP measure, to Gross Profit (GAAP) for the seven months ended December 31, 2013. Management believes…
  27. 2014 Credit Suisse Energy Summit – Freeport-Mcmoran Inc. – slide 27
    Reconciliation of Cash Operating Margin (Non-GAAP) to Gross Profit (GAAP) The following table reconciles cash operating margin, a non-GAAP measure, to Gross Profit (GAAP) for the three months ended December 31, 2013. Management believes…
  28. 2014 Credit Suisse Energy Summit – Freeport-Mcmoran Inc. – slide 28
    Reconciliation of Cash Operating Margin (Non-GAAP) to Gross Profit (GAAP) The following table reconciles cash operating margin, a non-GAAP measure, to Gross Profit (GAAP) for the three months ended September 30, 2013. Management…

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