Slide 1: First Quarter 2019 Financial and Operating Results
First Quarter 2019 Financial and Operating Results 08 May 2019
Slide 2: First Quarter 2019 Highlights
First Quarter 2019 Highlights Concentrated efforts to maximize the cash generation capabilities of Padcal towards the end of mine life Reported net income of P206 million and core net loss of P112 million Consolidated EBITDA at P217 million Controlled expenses resulting from cost containment
Slide 3: Operating Statistics
Operating Statistics 1Q 2019 1Q 2018 +/- Tonnes Milled (‘000) 1,832 2,197 -17% Production: Tonnes Milled: Unscheduled Gold – oz 10,493 17,947 -42% maintenance of critical mining equipment and forest fire incidents Copper – lbs (‘000) 5,727 7,073 -19% Recovery: Production: Diminishing ore grades
Slide 4: Financial Summary
Financial Summary (in Php mn) 1Q 2019 1Q 2018 +/- Gross Revenues 1,613 2,373 -32% Smelting Charges 137 207 -34% Revenues: Lower tonnage and Net Revenues 1,476 2,165 -32% marginal ore grades Costs and Expenses 1,566 1,697 -8% Cost and Expenses: Continuous Other Income (Charges) 294 (35) - impleme
Slide 5: Capital Expenditure
Capital Expenditure CAPEX Distribution (in Php Mn) 470 13 448 42 37 199 369 258 1Q 2019 1Q 2018 Padcal Silangan Other Mine Exploration 55
Slide 6: Balance Sheet
Balance Sheet (in Php mn) 1Q 2019 FY 2018 Cash & Cash Equivalents 262 871 Receivables & Others 3,178 3,582 Total Current Assets 3,440 4,453 Total Assets: Silangan project represents more than 60% of total Property, Plant & Equipment 4,987 5,404 assets Deferred Exploration Costs 25,771 25,448 Sub
Slide 7: PXP Energy Corporation Financial Highlights and Operational Updates
PXP Energy Corporation Financial Highlights and Operational Updates
Slide 8: Financial Highlights – Profit and Loss
Financial Highlights – Profit and Loss (in PhP millions) 1Q 2019 1Q 2018 % Inc (Dec) Gross revenue ₱ 30 ₱ 31 -3% Cost and expenses 47 41 13% Loss from operations (17) (11) 59% Other income - net 24 2 908% Reported net income (loss) ₱ 7 ₱ (8) -183% • 3% decrease in gross revenue due to: Slightly hi
Slide 9: Financial Highlights – Financial Position
Financial Highlights – Financial Position ASSETS (in PHP millions) As of Mar 31, As of Dec 31, 2019 2018 % Inc (Unaudited) (Audited) (Dec) Cash & cash equivalents ₱ 332 ₱ 342 -3.1% Receivables and other CA 82 86 -5.7% Current assets 413 429 -3.6% Deferred exploration costs & other NCA 6,841 6,818 0.
Slide 10: Operations Update
Operations Update SC 14C1 SC 6A SC 14C2 SC 6B SC 14B Cadlao SC 14A TUMBES BASIN, OFFSHORE PERU 4
Slide 11: Operations Update 1/2
Operations Update 1/2 SC 72 Recto Bank (Forum 70%) Under Force Majeure (FM) since December 15, 2014. Forum will have 20 months upon lifting of the FM to drill the two (2) commitment wells. Contracted DownUnder Geosolutions (DUG) to conduct broadband PSDM reprocessing of 565 sq. km 3D seismic d
Slide 12: Operations Update 2/2
Operations Update 2/2 SC 14C1 Galoc (Forum 2.27%) Continued production in Galoc Field. A total of 1.2 million barrels of oil (mmbo) was produced in 2018. Cumulative production from October 2008 to April 2019 stood at 21.60 million barrels of oil. There have been three (3) liftings conducted in 2