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Investor Presentation September 2012 – PEMEX

PEMEX · Sep 3, 2012 · 29 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 Presentation September 2012 – PEMEX – slide 1
    Investor Presentation September 2012
  2. Investor Presentation September 2012 – PEMEX – slide 2
    Forward-Looking Statement and Cautionary Note (2/3) Fiscal Regime Since January 1, 2006, PEMEX has been subject to a new fiscal regime. Pemex-Exploration and Productions (PEP) tax regime is governed by the Federal Duties Law, while…
  3. Investor Presentation September 2012 – PEMEX – slide 3
    Content Key Investment Upstream Downstream Financial Highlights Considerations 5
  4. Investor Presentation September 2012 – PEMEX – slide 4
    Investment Considerations Financial Strength Operational Performance One of the main enterprises in Latin Worlds fourth-largest oil producer. America, with revenues of US111 billion. Third-largest supplier of foreign crude oil to…
  5. Investor Presentation September 2012 – PEMEX – slide 5
    1H12 Financial Highlights As of June 30 As of June 30 2011 2012 2011 2012 Billion Pesos Variation Billion Dollars Total revenue from sales and 746.0 817.4 9.6% 63.0 59.9 services1 Gross Income 390.3 421.9 8.1% 32.9 30.9 Operating…
  6. Investor Presentation September 2012 – PEMEX – slide 6
    Relative position of PEMEX in the Mexican market (1/2) USMM 130,903 53,696 Revenue 125,780 PEMEX's revenues are comparable to the top 5 companies with most income 30,743 in the Mexican Stock Exchange (IPC), however, PEMEXs EBITDA…
  7. Investor Presentation September 2012 – PEMEX – slide 7
    Relative position of PEMEX in the Mexican market (2/2) USMM CAPEX 23,200 19,957 9,701 1,481 1,079 857 780 776 626 551 513 416 3,177 IPC America Walmart Grupo Femsa Televisa Peoles Minera Alfa Bimbo Liverpool Otros PEMEX…
  8. Investor Presentation September 2012 – PEMEX – slide 8
    Profitability 2011 (USMM) Exxon Royal Dutch Shell Statoil BP Chevron Petrobras PEMEX Total Sales 433,526.00 470,171.00 115,281.98 375,517.00 236,286.00 146,294.36 111,393.00 Gross Income 71,168.00 73,669.00 58,211.42 61,954.00 44,260.00…
  9. Investor Presentation September 2012 – PEMEX – slide 9
    Content Key Investment Upstream Downstream Financial Highlights Considerations 11
  10. Investor Presentation September 2012 – PEMEX – slide 10
    Reserves and Prospective Resources Total Reserves by Area Producing Basins Oil and Gas as of January 1, 2012 Gas MMMboe (billion barrels of oil equivalent) Basin 3P1 2P1 1P1 Burgos and Sabinas 0.8 0.6 0.4 Deep-waters 0.7 0.2 0.1…
  11. Investor Presentation September 2012 – PEMEX – slide 11
    Sustained Increase of the Reserve Replacement Rate Reserves Replacement Rate 140% 128.7% 120% 102.1% 103.9% 107.6% 100% 101.1% The 100% 1P Reserve 80% 59.2% 59.7% 65.7% 56.9% 85.8% Replacement Rate 60% 71.8% 77.1% Goal was reached…
  12. Investor Presentation September 2012 – PEMEX – slide 12
    Main Discoveries 2006-2011 3P Reserves (Million barrels of oil equivalent) Heavy oil Tsimin 1,137.9 Light oil Gas Xux 836.0 Kayab 756.4 Ayatsil 596.1 Main discoveries 2011 Pit 375.9 Kinbe Located in the Gulf of Mxico, 22 meters…
  13. Investor Presentation September 2012 – PEMEX – slide 13
    Production Expectations vs Actual Mbd EIA 3.50 3.30 3.38 3.37 3.33 3.26 3.10 3.18 3.13 3.08 2.90 3.01 2.70 2.79 2.60 2.58 2.55 2.58 2.50 Actul Forecast EIA 2009 2.30 Forecast EIA 2010 Forecast EIA 2011 2.10 1.90…
  14. Investor Presentation September 2012 – PEMEX – slide 14
    Production Aligned to Goals Mbd 2,500 2,550 2,560 2,607 2,578 2,567 2,552 2,572 2,558 2,525 2,547 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 2012E 2010 2011 PEF 2010 PEF 2011 Significant operational efforts have been made…
  15. Investor Presentation September 2012 – PEMEX – slide 15
    Evolution of Crude Oil Production Mbd 2,500 Cantarell Actual CAGR1: 7.9% Forecast 2,000 1,500 Produccin w/o Cantarell 1,000 500 Today PEMEXs production depends on a greater number of producing assets. 0 1997 1999 2001…
  16. Investor Presentation September 2012 – PEMEX – slide 16
    Improved Exploitation Strategy at ATG/Chicontepec Field Laboratories Sector 1 5 Field Labs Other Activities Coyotes Focused on value creation Sector 3 Sector 2 Improved well Sector 5 productivity Sector 4 Enhanced recovery…
  17. Investor Presentation September 2012 – PEMEX – slide 17
    Integrated Contracts: Mature Fields Offered Rate Min. Investment Field Company US/b USMM Incremental Production (Mbd) Magallanes Petrofac Facilities Mngt. Ltd. 5.01 205 1st 55 Santuario Petrofac Facilities Mngt. Ltd. 5.01 117…
  18. Investor Presentation September 2012 – PEMEX – slide 18
    Activities in Deepwaters Relevant Efforts in Deepwaters Total investment 2002-2011: 49 billion pesos. 3D seismic acquisition: 107,762 km2. Wells Drilled: 20, 10 of which are producers. Certified 3P reserves: 736 MMboe.…
  19. Investor Presentation September 2012 – PEMEX – slide 19
    Content Key Investment Upstream Downstream Financial Highlights Considerations 21
  20. Investor Presentation September 2012 – PEMEX – slide 20
    New Business Models - Downstream Project Gas Pipelines PEMEX Mexichem Partner 1. Joint Venture PEMEXs Joint Venture 2. Fixed assets Participation 3. Supply of raw materials Natural Gas and LPG transportation to power…
  21. Investor Presentation September 2012 – PEMEX – slide 21
    Industrial Processes Operational, administrative Capture Economic Refining and structural Opportunities improvements Expand the Increase Gas and Basic pipeline network processing and in the northern transportation…
  22. Investor Presentation September 2012 – PEMEX – slide 22
    Refining: Operational Performance Improvement Program (MDO) 230 opportunities identified in 4 out of 6 worth 1.2 billion USD when fully captured refineries No. Of opportunities Million USD per annum Conceptual 85 Conceptual 0 stage…
  23. Investor Presentation September 2012 – PEMEX – slide 23
    Content Key Investment Upstream Downstream Financial Highlights Considerations 25
  24. Investor Presentation September 2012 – PEMEX – slide 24
    Investment Budget U.S. Billion Dollars 30.4 30.0 28.7 27.3 23.2 1.0% Pemex- 20.8 Petrochemicals 18.6 19.1 2.8 18.1 Pemex-Gas and 15.6 2.0% Basic 13.8 Petrochemicals 12% Pemex- 20.1 Refining Pemex- 85% Exploration and…
  25. Investor Presentation September 2012 – PEMEX – slide 25
    Expected Sources and Uses of Funds 2012 U.S. Billion Dollars Price: 99.79 USD/b Exchange rate: Ps. 13.1849/USD Crude oil production: 2,582 Mbd Crude oil exports: 1,176 Mbd Natural gas production: 6.16 MMcfd Sources Uses 8.9…
  26. Investor Presentation September 2012 – PEMEX – slide 26
    Approved Financing Program 2012 Amount Raised Source USD USD Billion Billion Relevant transactions International Markets 4.3 4.3 USD2.1 bn. Notes 4.875% due 2022 Dollars 3.8 3.8 Other Markets 0.5 0.5 CHF0.3 bn. Notes 2.5% due…
  27. Investor Presentation September 2012 – PEMEX – slide 27
    Maturity Profile Consolidated Debt* Total Debt as of June 30, 2012 U.S.55.9 billion Average Life: 6.4 years 8.5 6.3 5.8 4.8 4.5 4.0 4.1 3.2 3.4 3.2 3.1 2.8 1.2 0.5 0.3 - - 2028 2012 2013 2014 2015 2016 2017 2018 2019…
  28. Investor Presentation September 2012 – PEMEX – slide 28
    Conclusions Strategic presence and positioning Favorable cost Strengthened structure & business model solid credit ratios Significant productive potential 30
  29. Investor Presentation September 2012 – PEMEX – slide 29
    Relacin con Inversionistas (+52 55) 1944 - 9700 ripemex.com www.pemex.com

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