Santos Limited · ASX:STO
Santos — Macquarie Securities Australian Conference 2007
10 slides from Santos's conference presentation, May 3, 2007
Slide 1: Macquarie Conference Presentation (ASX announcement)
Santos Ltd A.B.N. 80 007 550 923 Ground Floor Santos Centre 60 Flinders Street Adelaide SA 5000 GPO Box 2455 Adelaide SA 5001 Telephone: 08 8116 5000 Facsimile: 08 8116 5623 To: Company Announcements Office ASX Ltd From: Company Secretary Date: 3 May 2007 Subject: Macquarie Conference Presentation P
Slide 2: Value in the Energy Sector
Value in the Energy Sector Peter Wasow Chief Financial Officer May 3, 2007 1. Review of Shareholding Restriction • Santos welcomes government decision • Follows formal request and discussions • Important for realising Santos’ full growth potential • Levels the playing field • Original intent of Act
Slide 3: Santos Delivers on Growth
Value in the Energy Sector Santos delivers from a strong business position and is relatively undervalued 3. Santos Delivers on Growth Production Sales Revenue EBITDAX 61.0 mmboe 9% $2,769m 12% $2,144m 17% 80 3000 2500 A$m A$m mmboe 60 2000 2000 1500 40 1000 1000 20 500 0 0 0 2004 2005 2006 2004 2005
Slide 4: And Delivers Against Strategic Targets
And Delivers Against Strategic Targets Production Growth 6-8% 9% target 2006 actual EBITDAX Growth p.s. Reserve Replacement Ratio ** >10% 15% Netback target actual 140% 162% $22 $33 ROCE target actual target actual >10% 15% target actual Reserve Replacement Costs ** US$5.50 US$10.74 target actual **
Slide 5: From Five Strong Businesses
From Five Strong Businesses Kyrgyzstan Asian Growth Egypt Egypt ,, LNG East Australian Gas Exploration Production Western Australia Cooper Basin Oil & Gas Oil 7. Cooper Basin Oil High value opportunity Santos competitive advantage Largest onshore Australian Oil prices higher for longer oil acreage p
Slide 6: Eastern Australian Gas and LNG Projects
Eastern Australian Gas Strong market growth Santos is well positioned Gas demand growing Large uncontracted gas strongly, PNG gas project position, demonstrated suspended contracting capability Gas is a low carbon Increasing gas demand emission fuel and price CSG emerging to fill Established leading
Slide 7: Santos is Relatively Undervalued (2P Reserves)
12. 11. US$ / BOE 2P Reserves US$m / kBoe/d 0 0 20 40 60 80 100 200 300 400 500 600 700 800 100 120 140 160 He Ha So rita rd co ge C y In C a air te lv n a Ca r In lley irn da B go AW Gu urr H E lfs en C a ard an Ta lva y Se ds ng lle ri an y Tr An ca yi a n zo ka sg n Ni Em lob Em ko er er e al a d
Slide 8: Santos is Relatively Undervalued (Contingent Resources)
14. 13. Mmboe US$ / Boe Contingent Resources W 0 0 1,000 1,500 2,000 2,500 3,000 3,500 10 20 30 40 50 60 70 80 500 oo Bu ds rr id Sa e en An nt zo o n Hu s Se O sk y ric il Pr a Se em ar ch DN ie O r Ca AS ir A Gr n Tu an llo by w Ni Hu ko sk Tu y Contingent Resources llo Be w ac h Ad Ad da da Ca x
Slide 9: Disclaimer and Important Notice
Value in the Energy Sector Santos delivers from a strong business position and is relatively undervalued 15. Disclaimer and Important 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 expect
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