exchangesa · 2016. 7. 19. · [email protected] website: contact information 11 |...
TRANSCRIPT
ExchangeSA
Andrew Hay, Manager Investor RelationsJune 2016
Disclaimer andimportant notice
This presentation contains forward looking statements that are subject to risk factors associated with the oil and gas industry.It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a range of variables which could cause actual results or trends to differ materially, including but not limited to: price fluctuations, actual demand, currency fluctuations, geotechnical factors, drilling and production results, gas commercialisation, development progress, operating results, engineering estimates, reserve estimates, loss of market, industry competition, environmental risks, physical risks, legislative, fiscal and regulatory developments, economic and financial markets conditions in various countries, approvals and cost estimates.
All references to dollars, cents or $ in this document are to Australian currency, unless otherwise stated. All references to project completion percentages are on a value of work done basis, unless otherwise stated.
2 | EXCHANGESA - JUNE 2016
Cover image: LNG vessel Seri Bakti arriving in Gladstone Harbour to load the first GLNG cargo, October 2015.
The world of Santos Long-term growth based on an opportunity rich portfolio and the strong and growing demand for cleaner sources of energy
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Otway
Phu Khanh
Nam Con SonOffshore Malaysia
Papuan
Carnarvon
Browse
Timor Sea
Bonaparte
Amadeus
Cooper
Surat/Bowen
East Java
Bay of Bengal
McArthur
Santos assets (basin)
West Natuna
Bight
Narrabri
Gippsland
PNG LNG
GLNG
Darwin LNG
LNG plants
Australia
LNG
Asia
Subordinated notes mature in 2070. Option to redeem 22.9.17 and at each interest payment date thereafter
0
500
1,000
1,500
2,000
2,500
2016 2017 2018 2019 2020 2070
Management focus Embed new organisational structure, reduce costs and repay debt
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4.1
3.6
1.7
0
1
2
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4
2013 2014 2015 2016F
Repay debt
Full-year capital expenditureA$billion
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1.1
Reduce costs
Capital expenditure down more than 70% since 2013
Kevin
Galla
gher
Managin
g D
irect
or
& C
EO
Exploration
Development
Production
Commercial & Business Development
CFO
Strategy & Corporate Services
EHS, Legal & Governance
Embed new organisational structure
Drawn debt maturity profile as at 31 Dec 2015A$million
Liquidity of more than A$4 billion in cash and undrawn facilities
Global LNG demand and supply outlook
LNG demand is expected to out-pace existing and under construction supply from early next decade; new projects will need to be sanctioned
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0
100
200
300
400
500
600
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030
Mtpa
Global LNG Demand vs Existing and Under Construction Capacity
Asia Pacific Europe North Africa Middle East
North America West Africa South America Global LNG demand
GLNG Strong plant performance. 37 cargoes now shipped since first cargo in October 2015
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GLNG plant, Curtis Island, Queensland
PNG LNG PNG LNG consistently performing above nameplate capacity. Santos well positioned for potential expansion
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Hides gas conditioning plant, Papua New Guinea
Darwin LNG Record LNG production in 2015.Backfill opportunities under appraisal
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Bayu-Undan production and processing platform, Timor Sea
Eastern Australia Delivering a disciplined, low cost operating model. Leveraging value from Santos’ portfolio of resources and strong infrastructure position
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New Managing Director & CEO appointed
Operational asset review undertaken
Executive Committee appointed. Strong focus on technical capabilities to drive performance and maximise returns
Asset based organisational structure established
Focus on cost reduction and debt repayment
2016 summary
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A disciplined approach to delivering shareholder value
1.1
GLNG plant, Curtis Island, Queensland
Investor update
Head Office Adelaide
Ground Floor, Santos Centre60 Flinders StreetAdelaide, South Australia 5000GPO Box 2455Adelaide, South Australia 5001Telephone: +61 8 8116 5000
Useful email contacts
Share register enquiries:[email protected]
Investor enquiries:[email protected]
Website:www.santos.com
Contact information
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Andrew Nairn
Group Executive Investor RelationsDirect: + 61 8 8116 5314Email: [email protected]
Andrew Hay
Manager Investor RelationsDirect: + 61 8 8116 7722Email: [email protected]
Moomba Plant, Cooper Basin, South Australia