Pt Energi Mega Persada Tbk · IDX:ENRG
Pt Energi Mega Persada Tbk — FY2018 Earnings Presentation
22 slides from Pt Energi Mega Persada Tbk's earnings presentation, June 2019
Slide 1: FY2018 Production & Financial Results
FY2018 Production & Financial Results Jun 2019
Slide 2: Disclaimer
Disclaimer THIS DOCUMENT CONTAINS INFORMATION THAT IS PROPRIETARY AND CONFIDENTIAL IN NATURE, AND IS OR MAY BE PRICE-SENSITIVE INFORMATION. THE USE OF SUCH INFORMATION MAY BE REGULATED OR PROHIBITED BY APPLICABLE LEGISLATION INCLUDING SECURITIES LAW RELATING TO INSIDER DEALING AND MARKET ABUSE AND T
Slide 3: Diverse Asset Portfolio Across Indonesia
Diverse Asset Portfolio Across Indonesia Gebang PSC Malacca Strait PSC Net 1P reserves: Working interest: 100% Working interest: 60.49% 26 mmboe 1P reserves: 19.7 bcf 1P reserves: 3.2 mmbbl, 1.6 bcf 2P reserves: 39.5 bcf 2P reserves: 3.6 mmbbl, 1.8 bcf Net 2P reserves: 3p reserves: 160 bcf FY2018 ne
Slide 4: Large, Diversified Portfolio of Oil & Gas Assets
Large, Diversified Portfolio of Oil & Gas Assets The size and diversity of EMP’s reserve base will enable the company to pursue growth Large reserve base and long reserve life Diverse reserve base • Large reserves base in Indonesia compared to other • Diversified portfolio with multiple oil and gas
Slide 5: Production Breakdown and Contribution
Production Breakdown and Contribution Gas production Oil production 200 2.5 156 150 132 2 (MMSCFD) (MBOPD) 1.7 100 1.6 1.5 50 0 1 2017 2018 2017 2018 FY 2018 Production 30 0.29 23.83 25 15.32 (MBOEPD) 20 15 10 6.39 5 1.83 0 Malacca Bentu Kangean Others Total Key contributors to the production |4
Slide 6: Increasing Gas Price and Long Term Gas Contracts
Increasing Gas Price and Long Term Gas Contracts Gas production with long term contracts with price escalation Oil & Gas production (MBOEPD) Oil & Gas revenue split (US$ million) 27.6 30 23.8 316 1.6 199 1.7 25 (MBOEPD) 20 45 (US$m) 26.0 22.1 291 10 227 0 2017 2018 2017 2018 Gas Oil Gas Oil Recently
Slide 7: Bentu PSC (Riau, Sumatera)
Bentu PSC (Riau, Sumatera) • Production sharing contract is good until 2041 • Working Interest: 100% • FY2018 production rate: 38.3 million cubic feet per day Oil Gas Reserves (mmboe) (bcf) 1P - 19 2P - 378 3P - 553 UPSIDES: - Expected to produce additional 60 mmcfd to Pertamina in 1Q 2019 by drilli
Slide 8: Bentu PSC (Riau, Sumatera)
Bentu PSC (Riau, Sumatera) BENTU PROJECT UPDATE DRILLING SITE PREPARATION SEGAT-5 WELL (SEGAT-8 WELL) |7
Slide 9: Malacca Strait PSC (Riau, Sumatera)
Malacca Strait PSC (Riau, Sumatera) • Gross Split contract is good until 2040 • Working Interest: 60.49% • FY2018 production rate: 1,450 barrels oil per day & 2.3 mmcfd Oil Gas Reserves (mmboe) (bcf) 1P 3.29 1.66 2P 3.67 1.85 3P 4.06 2.05 UPSIDES: - Expected to produce additional 780 bopd from well
Slide 10: Malacca Strait PSC (Riau, Sumatera)
Malacca Strait PSC (Riau, Sumatera) MALACCA STRAIT PROJECT UPDATE EXPLORATION WELL (BY-03) WELL SERVICES ACTIVITIES DRILLING SITE PREPARATION (TB-02 WELL) |9
Slide 11: Kangean PSC (West Java)
Kangean PSC (West Java) • Production sharing contract is good until year 2030 • Working Interest: 50% • FY2018 production rate: 36 barrels oil per day & 91.7 mmcfd Oil Gas Reserves (mmboe) (bcf) 1P 0.02 91 2P 0.04 196 3P 0.06 396 UPSIDES: - Currently performing developing drilling in TSB offshore ga
Slide 12: Kangean PSC (West Java)
Kangean PSC (West Java) KANGEAN PROJECT UPDATE DEVELOPMENT DRILLING - PHASE 2 (TSB FIELD) PRODUCTION FACILITIES FPU JOKO TOLE PAGERUNGAN GAS FACILITES |11
Slide 13: Tonga PSC (North Sumatera)
Tonga PSC (North Sumatera) • Production Sharing contract is good until year 2037 • Working Interest: 94.29% • FY2018 production rate: 293 barrels oil per day Oil Gas Reserves (mmboe) (bcf) 1P 0.52 - 2P 1.99 - 3P 6.16 - UPSIDES: - Expected to produce additional 370 bopd in 2H 2019 from Southwest Tong
Slide 14: Tonga PSC (North Sumatera)
Tonga PSC (North Sumatera) TONGA PRODUCTION FACILITIES TONGA 1 & 3 WELLS |13
Slide 15: Gebang PSC (North Sumatera)
Gebang PSC (North Sumatera) • Production sharing contract is good until year 2035 • Working Interest: 100% Oil Gas Reserves (mmboe) (bcf) 1P - 19.70 2P - 39.50 3P - 160.00 UPSIDES: - Expected to produce up to 600 bopd from Tanjung Darat 1 & 2 wells in 2H 2019 |14
Slide 16: Gebang PSC (North Sumatera)
Gebang PSC (North Sumatera) GEBANG PROJECT UPDATE DRILLING SITE PREPARATION TANJUNG DARAT WELL |15
Slide 17: Sangatta II CBM PSC (East Kalimantan)
Sangatta II CBM PSC (East Kalimantan) • Production sharing contract is good until year 2039 • Working Interest: 42% • Prospective Resources (P-50): 9.65 tcf UPSIDES: - Currently doing dewatering activities in 5 wells (SGT-XP03, 05, 07, 08, 12) to see gas potential that can be produced |16
Slide 18: Sangatta II CBM PSC (East Kalimantan)
Sangatta II CBM PSC (East Kalimantan) SANGATTA II PROJECT UPDATE KPC Mining Rig Dewatering SGT-CXP04 - Surface Facility |17
Slide 19: Full Commitment to Implement Rigorous Safety, Health & Environment Standards
Full Commitment to Implement Rigorous Safety, Health & Environment Standards along with Risk Management EMP is committed to grow sustainably for our people and the environment with good risk management …and our results speak for themselves (1) • Actions: • Achieved recognition from Indonesia’s Minis
Slide 20: Full Commitment to Good Corporate Governance (GCG)
Full Commitment to Good Corporate Governance (GCG) a b EMP has a diverse shareholder base… …combined with world-class partners at the operations level GREENWICH INTERNATIONAL LTD, World class partners Project with EMP 28.81% UBS AG SG S/A REIGNWOOD Pertamina • Sangatta II (40%) INTER INVESTMENT (GR)
Slide 21: Financial Highlights
Financial Highlights Top line results Future capex mainly development 400 120 111 316 300 273 100 78 80 (US$m) (US$m) 189 200 146 60 100 40 15 20 0 0 2017 2018 2016 2017 2018 Revenue EBITDA Actual Total Capex EBITDA / Interest Cover (x) Debt 2) / EBITDA metrics (x) 12 4.6 EBITDA / Interest 1) 10.1 5
Slide 22: Experienced Leadership Team with Proven Track Record
Experienced Leadership Team with Proven Track Record Highly committed management team with extensive experience in the oil and gas sector IMAM P. AGUSTINO SYAILENDRA S. BAKRIE Many years of Director President Director collective oil & gas 22 years of experience in engineering, Over 12 years ex
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