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INVESTOR PRESENTATION – PEMEX

PEMEX · Jan 1, 2010 · 27 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 – PEMEX – slide 1
    F Focusing i on E Execution ti January 2010
  2. INVESTOR PRESENTATION – PEMEX – slide 2
    Content Energy gy Reform Operation and Strategy Financial Highlights Debt Portfolio 4
  3. INVESTOR PRESENTATION – PEMEX – slide 3
    New Governance Structure Professional f l Members b Preside key executive committees Full time members Power to defer decisions once with 3 votes Actively involved Serve six year staggered terms in the decision Option of repeating…
  4. INVESTOR PRESENTATION – PEMEX – slide 4
    Contracting Scheme for Core Businesses (1/2) Flexible procurement and contracting Core businesses contracting g will have additional flexibility y(1) In accordance with best practices in the oil industry; Modifications will be…
  5. INVESTOR PRESENTATION – PEMEX – slide 5
    Contracting Scheme for Core Businesses (2/2) Contracts with performance incentives PEMEX can offer cash incentives to contractors that provide benefits from new technologies, technologies faster execution or greater profit profit.…
  6. INVESTOR PRESENTATION – PEMEX – slide 6
    Further Changes to PEMEXs Fiscal Regime for 2010 The Energy Reform differentiated fiscal regimes for Chicontepec (ATG) and Deep Water fields. Furthermore, on November 2009, Congress approved additional modifications, that will…
  7. INVESTOR PRESENTATION – PEMEX – slide 7
    Citizen Bonds Characteristics The Ministry of Finance (SHCP) will establish the characteristics, terms and conditions. Only available to Mexican individuals and financial institutions. A holding limit for each issuance of 0.1%.…
  8. INVESTOR PRESENTATION – PEMEX – slide 8
    Content Energy gy Reform Operation and Strategy Financial Highlights Debt Portfolio 10
  9. INVESTOR PRESENTATION – PEMEX – slide 9
    Crude Oil & Natural Gas Reserves (1) As of December 31, 2008 Reserve Billion barrels oil equivalent Life Years (3) Onshore Offshore 14.7 43 6 43.6 30 3P By location 31% 14.5 69% 20 2P B 14.3 27% 10 1P Extra-light…
  10. INVESTOR PRESENTATION – PEMEX – slide 10
    Distribution of Reserves by Basin Basin production Oil and gas Gas Burgos Sabinas Aguas Mexican deepwater profundas del Tampico- Misantla Gulf Golfo of Mexico de Misantla Mxico 19.2 (ATG) Yucatan Veracruz Veracruz…
  11. INVESTOR PRESENTATION – PEMEX – slide 11
    Exploration Results Investment in exploration (Billion dollars) 1.5 1.9 1.7 1.4 1.2 1.3 0 2003 2004 2005 2006 2007 2008 2P Discoveries* 913 ((Million barrels of oil equivalent) q ) 676 Deep waters 464 Burgos and…
  12. INVESTOR PRESENTATION – PEMEX – slide 12
    Reserve Replacement Results 3P reserves due to new discoveries (Million barrels of oil equivalent) 1,482 Results of the exploration strategy 1 053 1,053 start to crystallize crystallize. The 916 950 966 709 replacement rate of…
  13. INVESTOR PRESENTATION – PEMEX – slide 13
    Upstream Exploration Strategy: Deepwater (1/2) Water depth Perdido Area Risk (m) 1 1 P 1. Perdido did ffolded ld d b belt lt Low-Moderate L M d t 2,000 2 000 2 Golfo de 2. Oreos Moderate-High 800-2,000 Mxico Sur 3.…
  14. INVESTOR PRESENTATION – PEMEX – slide 14
    Upstream Exploration Strategy: Deepwater (2/2) 2003 2004 2005 2006 2007 2008 2009 Chuktah-201 meters) 512 Tamil-1 Nab-1 680 778 er depth (m Lalail-1 l l 805 Chelem-1 Leek-1 Noxal-1 810 851 Wate 935 Lakach-1…
  15. INVESTOR PRESENTATION – PEMEX – slide 15
    Upstream Production Strategy: Enhanced Recovery Enhanced recovery Production Southwestern projects (N2) 9M09 (Mbd) Offshore Region Northeastern 1. Ku-Maloob-Zaap 800 Offshore Region 2. Cantarell 707 Northern 3. A. J. Bermdez…
  16. INVESTOR PRESENTATION – PEMEX – slide 16
    Upstream Production Strategy: ATG (Chicontepec) Characteristics VERACRUZ Area: 3,731 km2 HIDALGO FAJA DE ORO CUENCA DE TERRESTRE Comprised C i d by b 29 fi fields ld CHICONTEPEC GOLFO DE MEXICO Oil gravity: 18-45 API…
  17. INVESTOR PRESENTATION – PEMEX – slide 17
    Operating Highlights: January-September 2009 Production 9M 2008 9M 2009 Change Thousand barrels per day, except natural gas in million cubic feet per day Liquid Hydrocarbons 3,191 2,988 (202) 6.3% Crude Oil 2,813 2,608 (205)…
  18. INVESTOR PRESENTATION – PEMEX – slide 18
    Content Energy gy Reform Operating Highlights Financial Highlights Debt Portfolio 20
  19. INVESTOR PRESENTATION – PEMEX – slide 19
    Financial Highlights: January-September 2009 Billion pesos Billion dollars 9M 2008 9M 2009 Change 9M 2009 Total sales 1,064.9 779.4 (285.6) 16.7% -26.8% 57.0 Income before taxes 690.6 359.8 (330.8) -47.9% 26.3 and duties Net…
  20. INVESTOR PRESENTATION – PEMEX – slide 20
    Investments (1),(2),(3) Billion pesos 263.4 31.6 0 0% 0.0% Corporate 2.0% PPQ 2.0% PGBP 221.3 251 2 251.2 12% Refining 201.9 170.1 84% E&P 150.4 113.7 122.9 127.0 03 04 05 06 07 08 09E 10E 10.7 10.9 10.8 13.8…
  21. INVESTOR PRESENTATION – PEMEX – slide 21
    PEMEX 2010 Budget 2009 2010 Total Investment(1) Ps. 251.2 MMM(2) Ps. 263.4 MMM Operating Expenses Ps. 134.1 MMM(2) Ps. 121.1 MMM Oil Production 2.7 MMbd 2.5 MMbd Oil Exports 1.3 MMbd 1.1 MMbd Gas Production 6.7 MMMcfd 6.2…
  22. INVESTOR PRESENTATION – PEMEX – slide 22
    Content Energy gy Reform Operating Highlights Financial Highlights Debt Portfolio 24
  23. INVESTOR PRESENTATION – PEMEX – slide 23
    Total Debt Billion dollars As of September 30 5 0% 5.0% 50.6 48.2 In dollar terms, total debt 10.2 increased 5.0% 7.6 Short term As a result of the depreciation of the peso Long term 40.6 40.4 against other currencies, in…
  24. INVESTOR PRESENTATION – PEMEX – slide 24
    Maturity Profile Billion dollars As of September 30, 2009 Credit Ratings Petrleos Mexicanos S&P Moodys Fitch BBB Baa1 BBB Note: Foreign exchange rate: Ps. 13.49 = US1.00 as of September 30, 2009. Numbers may not total due…
  25. INVESTOR PRESENTATION – PEMEX – slide 25
    Debt Portfolio As of September 30, 2009 100% = 50.6 billion dollars 4% US MMM 20% International Bonds 21.6 Certificados Burstiles 8.4 43% Bank Loans 8.8 Export Credit Agencies 9.9 Other 2.0(1) 17% 17% (1) Includes COPFs,…
  26. INVESTOR PRESENTATION – PEMEX – slide 26
    Debt Exposure As of September 30, 2009 By currency By rate 21% 46% 54% 79% U.S. Dollars Mexican Peso Fixed Rate Floating Rate Figures may not total due to rounding. 28
  27. INVESTOR PRESENTATION – PEMEX – slide 27
    Investor Relations ((+52 55)) 1944 - 9700 ridcf.pemex.com www.pemex.com 29

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