Skip to main content 12M 2014 IFRS Results – Rosneft Oil Company Investor Presentation | Shale Experts
Loading...
Pm

12M 2014 IFRS Results – Rosneft Oil Company

Rosneft Oil Company · Mar 4, 2015 · 26 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. 12M 2014 IFRS Results – Rosneft Oil Company – slide 1
    Rosneft 12M 2014 IFRS Results March 4, 2015
  2. 12M 2014 IFRS Results – Rosneft Oil Company – slide 2
    Market Environment Crude prices and exchange rate(1) Petroleum product prices(2) 140 /bbl RUB/ 80 1,200 /t Brent Urals ESPO Exchange rate 115 65 950 90 50 700 65 35 450 Naphta Gasoil 0.2% Fuel oil 3.5% Jet fuel 40 20…
  3. 12M 2014 IFRS Results – Rosneft Oil Company – slide 3
    2014 Operating Results: Record production of new projects, substantial growth of key indicators Indicator 2014 2013 Comments Growing oil production in new fields, sustained production in Hydrocarbon production, 5,106 4,873 +4.8%…
  4. 12M 2014 IFRS Results – Rosneft Oil Company – slide 4
    2014 Financial Results, RUB bln Strong results despite a dramatic slump in oil prices Indicator 2014 2013 Comments Growing exports to eastern destinations and higher world prices in RUB terms Revenue 5,503 4,694 17.2% Despite a…
  5. 12M 2014 IFRS Results – Rosneft Oil Company – slide 5
    Financial results 6
  6. 12M 2014 IFRS Results – Rosneft Oil Company – slide 6
    Revenue: Use of premium marketing channels and growing gas sales RUB bln Macro factors: Company controlled factors: +RUB300 bln; +6% +RUB509 bln; +11% 9 17 65 (453) 427 768 (24) 5,503 4,694 2013 Exchange rate Tax…
  7. 12M 2014 IFRS Results – Rosneft Oil Company – slide 7
    EBITDA: Effective cost control and operating synergy Macro factors: Company controlled factors: RUB(63) bln; (6.7)% +RUB173 bln; +18.3% RUB bln 12 CAGR of EBITDA exceeded 20% in the last 22 161 3 years (71) (14) General and…
  8. 12M 2014 IFRS Results – Rosneft Oil Company – slide 8
    Net Profit: Strong indicator on high operating earnings despite negative macro RUB bln (2) (10) 38 (32) (15) (3) (19) (1) 388 350 2013 Change in operating One-off and other Dividend tax Change in profit tax FX…
  9. 12M 2014 IFRS Results – Rosneft Oil Company – slide 9
    Maintaining OPEX at Record Low Levels Lifting costs Lifting costs: benchmarking(1) /boe /boe (2) 20 Peers Rosneft 15 10 4.3 3.9 5 4.3 3.9 4.0 3.9 3.7 2.9 0 2013 2014 2012 2013 Q1 2014 H1 2014 9M 2014 2014 2014…
  10. 12M 2014 IFRS Results – Rosneft Oil Company – slide 10
    Investment Program Flexibility CAPEX and production E&P CAPEX: benchmarking(1) 30 bln mboe 2,100 50 /boe (2) Peers Rosneft 40 20 1,400 17.6 30 15.2 13.9 20 10 700 10 10.6 6.8 5.5 5.1 5.5 5.3 0 0 0 2012 2013 2014 2015…
  11. 12M 2014 IFRS Results – Rosneft Oil Company – slide 11
    Uses of Cash in 2014, RUB bln Prepayments 1,626 1,626 Operating cash flow 497 448 (1) Decrease of net debt Asset acquisition/disposal and 216 financing of joint ventures 169 Acquisition of non-controlling shares in…
  12. 12M 2014 IFRS Results – Rosneft Oil Company – slide 12
    Gradual Debt Reduction Net debt Repayment schedule(4) bln (1) bln Net Debt Net Debt/EBITDA(2) 80 1.8 2 70 1.5 60 1.5 50 1.0 40 1 23.5 30 57.4 15.6 20 43.8 0.5 11.3 9.3 10 19.8 5.6 2.4 0 0 (3) (2) 2012 2013 2014 2015 2016 2017…
  13. 12M 2014 IFRS Results – Rosneft Oil Company – slide 13
    Stable Dividend Payouts Dividends and oil prices Dividend payments totaled RUB500 bln Dividends per share, RUB Brent, /bbl since the IPO CAGRof dividends since the IPO 25% 120.00 119.50 119.00 118.50 118.00 117.50 12.9…
  14. 12M 2014 IFRS Results – Rosneft Oil Company – slide 14
    Operating results 15
  15. 12M 2014 IFRS Results – Rosneft Oil Company – slide 15
    Key Operating Results of 2014 Hydrocarbon production kboed 5,106 Oil production growth at new assets (Uvat group, Vankor, 4,873 Verkhnechonsk) and Sakhalin Island, brownfield +4.8% production maintaining thanks to successful well…
  16. 12M 2014 IFRS Results – Rosneft Oil Company – slide 16
    Growing Resource Base PRMS: Oil and Gas Reserves Major achievements bboe 106 2014 geological exploration results: 101 100(1) exploration wells drilled (incl. 3 off-shore) 72 76 5 new fields discovered (incl. 2 off-shore) 42 43…
  17. 12M 2014 IFRS Results – Rosneft Oil Company – slide 17
    Stable Liquid Hydrocarbon Production 2014 achievements Liquid hydrocarbon production mln t Brownfield production decline rate(1) slowed down to 3% 205 189 5% Vankor reached 22 mln t plateau Verkhnechonsk: record high daily…
  18. 12M 2014 IFRS Results – Rosneft Oil Company – slide 18
    Strategic Development of Drilling Services Improvement of the drilling technologies Drilling Rate Vankorneft Yuganskneftegaz Optimized well design (2-column design adopted at Vankor (horizontal wells) (inclined wells) in 2014…
  19. 12M 2014 IFRS Results – Rosneft Oil Company – slide 19
    Gas Business: Effective Production Buildup Key achievements in 2014 Gas production bcm Gas reserves growth: 56.7 by 18%, to 3.6 tcm, 2P PRMS +49% 38.2(1) by 10%, to 7.2 tcm, 1+2 APG utilization grew up to 81% (70% in 2013) as…
  20. 12M 2014 IFRS Results – Rosneft Oil Company – slide 20
    Availability of Services and Materials Contracted Materials and Services 2014 plan of materials and services procurement is 99% delivered Long-term contracts amounted to over 40% of total costs Materials Materials supplies plan…
  21. 12M 2014 IFRS Results – Rosneft Oil Company – slide 21
    Improved Refining Efficiency 2014 results Light product yield Record refining throughput in Russia 87 mln t 67% 55% light product yield in 2014 5 units construction completed at the Kuybyshevsky, Novokuybyshevsky and Ryazan…
  22. 12M 2014 IFRS Results – Rosneft Oil Company – slide 22
    Crude and Product Sales Crude monetization channels in 2014 Crude sales 38.9% +1.3pp 40.2% Netback, /t /t /t Share in sales, % 2013 2014 Refining Domestic sales Export Marginal channels High margin channels…
  23. 12M 2014 IFRS Results – Rosneft Oil Company – slide 23
    Improving Performance Retaining sector leadership in unit lifting costs (5/boe in the mid-term) Operating costs control Control over procurement prices and procurement efficiency Lowest F&D costs among competitors Optimized…
  24. 12M 2014 IFRS Results – Rosneft Oil Company – slide 24
    Appendix 25
  25. 12M 2014 IFRS Results – Rosneft Oil Company – slide 25
    Net Debt bln 1.7 (1.9)(2) 2.4 3.8 (44.6) 4.7 4.2 57.4(1) 43.8 16.7 (0.6) 31-Dec-13 Operating cash flow Asset disposal CAPEX, Financing Acquisition of non- Dividend payout Finance lease Asset acquisition Translation…
  26. 12M 2014 IFRS Results – Rosneft Oil Company – slide 26
    Questions and Answers 27

From the store

Browse maps, data & reports in the Shale Experts store