Slide 1: 1Q 2017 Production & Financial Results
emp empowering people 1Q 2017 Production & Financial Results Aug 2017
Slide 2: Table of Contents
Table of Contents Section 1: Overview of EMP 3 Section 2: Key Corporate Strengths 6 Appendix: Additional Information 16
Slide 3: 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 THE RECIPIEN
Slide 4: Section: Overview of EMP
emp empowering people Section 1 Overview of EMP
Slide 5: Total debt/EBITDA, Net debt/EBITDA
• 500 • 400 300 200 • 100 0 60 12 50 10 40 8 30 6 20 4 10 2 0 0 Total debt/EBITDA Net debt/EBITDA |4
Slide 6: ONWJ PSC working interest and reserves
Working interest: 75% 1P reserves: 29.5 bcf 2P reserves: 212.3 bcf Operator: EMP Partner: ENH (25%) Source: Company information Notes: Reserves and production indicated are on a net working interest basis. bcf: billion cubic feet, mmbbl: million barrels, bbl/day: barrel/day, mmscf/day: million cubic
Slide 7: Section: Key Corporate Strengths
emp empowering people Section 2 - Key Corporate Strengths
Slide 8: Summary of Key Corporate Strengths
emp empowering people Summary of Key Corporate Strengths Experienced leadership team with proven track record Large, attractive, diversified portfolio of oil and gas assets Full 7 ) commitments Solid to rigorous financial safety, health, position and environment standards As an independent upstream
Slide 9: Large, Attractive, Diversified Portfolio of Oil & Gas Assets
emp empowering people @ Large, Attractive, Diversified Portfolio of Oil & Gas Assets The size and diversity of EMP's reserve base will enable the company to pursue growth and continue to build on its leading position in Indonesia Large reserve base and long reserve life ° Large reserves base in Indo
Slide 10: Business Unit PROPER
… • • – PROPER BUSINESS UNIT 20162 • – – – • • – Beyond compliance companies that achieve zero emissions Beyond compliance companies – Have achieved compliance level Managed environment impact but below requirements Have not managed environment impact at significant level |9
Slide 11: Strong Production Growth Track Record and Visible Development Pipeline
emp © Strong Production Growth Track Record and empowering people Visible Development Pipeline EMP has historically achieved strong production growth both organically and through acquisitions. It has invested substantial capital in 2010 and 2011 for further growth. Gas production Oil production 220.
Slide 12: Gas customers and long-term contracts
60 50 40 30 20 10 0 2011 2012 2013 2014 2015 2016 1Q17 PLN 3) PKG 3) PT Pertagas 3) PT Indogas 3) 369BCF 242BCF 221BCF 79BCF Baa3/BB/ NR 5) NR 5) NR 5) BBB-5 |11
Slide 13: Source: Company information as per 30 Sep 2016.
… … • • • • • • • ̶ … ̶ ̶ • ̶ ̶ ‐ • ̶ ̶ ̶ Source: Company information as per 30 Sep 2016. |12
Slide 14: Asian markets: Philippines, India, China
• 1,628 • ‐ 1,163 50% 50% • 953 977 695 426 • 153 • 34 51 97 • Phillipines India China Indonesia Hong Thailand South Malaysia Australia Singapore Kong Korea |13
Slide 15: Total debt/EBITDA, Net debt/EBITDA
1000 600 800 500 400 600 300 400 200 200 100 0 0 7.0 12 6.0 10 5.0 8 4.0 6 3.0 2.0 4 1.0 2 0.0 0 Total debt/EBITDA Net debt/EBITDA |14
Slide 16: Experienced Leadership Team with Proven Track Record
emp empowering people © Experienced Leadership Team with Proven Track Record Highly committed management team with extensive experience in the oil and gas sector Reputable industry veterans with international experience at blue-chip firmsin Indonesia and overseas Strong and broad network across priv
Slide 17: Appendix: Additional Information
emp empowering people Appendix Additional Information
Slide 18: EMP Reduces Interest Cost by US$26 million in 2014
emp empowering people EMP Reduces Interest Cost by USS$26 million in 2014 * In December 2013, ENRG secured $203 million syndicated loan facility arranged by Bank of America Merrill Lynch with the current rate of Libor + 6% p.a. * The syndicated loan facility is used to refinance the current outstand
Slide 19: Corporate structure
99.99% 26.03% WI PT IMBANG TATA ALAM MALACCA STRAITS (Indonesia) 100% EMP MALACCA STRAIT S.A. 34.46% WI PSC (Panama) 100% RHI CORPORATION 100% KANGEAN ENERGY (Delaware) 60% WI INDONESIA LTD (Delaware) 49.99998% ENERGI MEGA PRATAMA INC. KANGEAN BLOCK (British Virgin Islands) 100% EMP EXPLORATION 40%
Slide 20: Block and PSC list
Malacca Straits PSC (1) Kangean PSC Bentu & Korinci PSC (2) Gelam TAC (3) Gebang JOB Tonga PSC ONWJ PSC |19