social contribution
TRANSCRIPT
This presentation contains forward looking statements that are subject to risk factors associated with oil and gas businesses. It is believed that the expectations reflected in these statements are reasonable but they may be affected by a variety of variables and changes in underlying assumptions which could cause actual results or trends to differ materially, including but not limited to: price fluctuations, actual demand, currency fluctuations, drilling and production results, reserve estimates, loss of market, industry competition, environmental risks, physical risks, legislative, fiscal and regulatory developments, economic and financial market conditions in various countries and regions, political risks, project delay or advancement, approvals and cost estimates.
All references to dollars, cents or $ in this presentation are to US currency, unless otherwise stated.
References to “Woodside” may be references to Woodside Petroleum Ltd. or its applicable subsidiaries.
Woo
dsid
e S
ocia
l Con
trib
utio
n
2
Disclaimer and important notice
Soc
ial C
ontr
ibut
ion
3
Woodside
Australia’s largest independent oil and gas company
Extensive portfolio in Australia and internationally
In Australia…
Liquefied Natural Gas (LNG) North West Shelf Pluto
Oil production vesselsLargest owner-operated fleet
Developing floating LNG capability
Soc
ial C
ontr
ibut
ion
4
Woodside in Myanmar
In Myanmar…
Rakhine Basin - exploration•4 with BG (AD2, AD4, AD5, A7)•1 with Daewoo (AD7)•1 with MPRL (A6)
Closest centres Thandwe and Pathein
5
Our approach
6
Strategic Social Contribution
Priority areas are selected based on alignment and intersection of:
Woodside’s objectives and driversInterests of the local communityGovernment priorities and activities
7
Strategic Social Contribution
8
Strategic Social Contribution
Scaled and timed in accordance with project phase
$ C
ontr
ibu
tion
Time / project phase
Exp
lora
tion
Dev
elop
men
ts
Ope
ratio
ns
1. Education and early childhood development within host communities;
2. Cultural values and community identity of host communities; and
3. Environmental initiatives, in particular marine and coastal programs.
9
Woodside Priority Areas
10
Early Childhood Development
Woodside Development Fund
Innovative, long-range approach
A$20 million – 10 years
Collaboration: Industry, government, community = better outcomes for children and families.
Research: Improved 0-8 years results in reduced social issues. Addressing root cause not symptoms – school readiness.
Focus on learning, physical, social, emotional and cultural
dimensions of early childhood directly impacts an individual’s
ability to achieve their full potential throughout their life.
11
ECD and Education - Pathways to employment
School readiness – family and community
support
Literacy/numeracy, science, technology, engineering, maths
Education, employment
and enterprise
“When you create small businesses, you create small entrepreneurship. Out of that comes self-determination and employment.”
12
Investing in Capacity Building: Economic Development
Jesse Jackson
Reconciliation Action Plan 2011-2015
Mutually beneficial outcomes for First Australians and all Australians
•Respect: for culture and special contribution of First Australians.
•Relationships: with First Australians communities to understand priorities and provide opportunities for involvement in
projects.
•Opportunities: working alongside First Australian
communities to contribute towards aspiration of a
sustainable future.
13
Investing in Capacity Building: Economic Development
Education Employment Economic development
30 NGO’s helping us deliver our objectives.
14
Investing in Capacity Building: Economic Development
Students Trainees/Apprentices
50 49Employees Contracts
101 67
2.5 m km2 (x3)2.55 m pax (/20)74% in Perth 3% growth
15
Investing in Capacity Building: Economic Development
Brisbane
Sydney
CanberraMelbourne
Hobart
Adelaide
Darwin
Perth
Western Australia
NorthernTerritory
SouthAustralia
Queensland
New South Wales
Victoria
Tasmania
Karratha
Broome
Economic development for marginalised and isolated
16
Investing in Capacity Building: Economic Development
Community benefits:
•Increase household $
•Family stability
•Local goods and services
•Build sustainable local economies
•Reduce welfare dependence
•Improve health and education
Challenges:Low literacy and numeracyAccess to information or communicationHealth and social issues - substance abuse Client focus Safety - huge distances
Success:Different to mainstreamNet assets ▲Welfare dependence ▼Proving self worth
17
Investing in Capacity Building: Economic Development
170 business owners helped
145 businesses
81-88% continue to operate
81 loans totalling A$379, 000k
82-97% loan repayment rate
18
Investing in Capacity Building: Economic Development
2015
71 clients
19
Discussion