Pt Medco Energi Internasional Tbk · IDX:MEDC
Pt Medco Energi Internasional Tbk — Investor Day (2024)
27 slides from Pt Medco Energi Internasional Tbk's investor day presentation, 2024
Slide 1: PT Medco Energi Internasional Tbk
PT Medco Energi Internasional Tbk (IDX Ticker: MEDC)
Slide 2: Contents
Financial Data 1H 2024 Consolidated Financials 4 Consolidated Capex Guidance 5 Operational Data Oil and Gas Statistics 7 Reserves and Resources 8 Asset Portfolio 9 – 10 Active Gas Contracts 11 – 13 Simplified Funds Flow Structure 14 – 15 PSC Terms 16 – 17 Debt Info Debt Maturity Profile: Bullet vs I
Slide 3: Financial Data
Financial Data
Slide 4: 1H 2024 Consolidated Financials
Profit & Loss (US$ mn) 1H 2024 1H 20231 YoY ∆% Balance Sheet (US$ mn) 1H 2024 1H 2023 YoY ∆% Revenue 1,165 1,116 4 Cash and cash equivalents2 653 604 8 - Oil and gas 1,043 943 11 Investments 1,776 1,461 22 - Power 118 164 (28) Fixed Assets 3,267 2,849 15 - Others 4 9 (51) Total Assets 7,502 6,664 13
Slide 5: Consolidated Capex Guidance
E&P Capex (US$ mn) Power1 Capex (US$ mn) Exploration Gas IPP Development Drilling Geothermal Facilities Solar PV & Other Renewables Oman 60 350 100 269 261 23 9 119 131 152 144 3 35 250 72 80 93 63 1 83 6 70 20 19 33 39 36 128 121 31 25 3 1 1 7 27 38 38 56 39 8 29 32 16 8 2020 2021 2022 2023 1H 2024
Slide 6: Operational Data
Operational Data
Slide 7: Oil and Gas Statistics
1H 1H YoY FY FY YoY Net 2P Reserves, MMBOE Metrics 2024 2023 ∆% 2023 2022 ∆% 1H 2024 Production1 5-yr 2P RRR : 186% Oil, MBOPD 42.2 32.1 31.5 32.1 33.5 (4.2) 5-yr 2P FD&A : US$5.4/boe Gas, MMSCFD 606.2 707.2 (14.3) 697.4 704.1 (1.0) 8.4 years 10.6 years 9.3 years Lifting/Sales 55 539 24 74 481 51 53
Slide 8: Reserves and Resources
As of 30 June 2024: Proved Reserves Proved & Probable Reserves Contingent Resources Oil Gas Total Oil Gas Total Oil Gas Total mbbls mmscf mboe mbbls mmscf mboe mbbls mmscf mboe Domestic West Indonesia 17,953 624,925 130,882 29,716 931,599 198,798 41,007 1,291,530 274,032 East & Central Indonesia 13,
Slide 9: Indonesia Assets
Indonesia Assets Working Acreage 1H 2024 Production Asset Expiry Operator Partner Type of Contract Interest (Km2) (MBOEPD) Repsol (Corridor) Ltd. 24%, Corridor1 46.0% 2043 2,095 59.0 MedcoEnergi PSC Cost Recovery Pertamina Hulu Energi Corridor 30% Senoro-Toili 2 30.0% 2047 451 21.0 JOB Pertamina – M
Slide 10: International Assets
International Assets 1H 2024 Working Acreage Country Asset Expiry Production Operator Partner Type of Contract Interest (Km2) (MBOEPD) Oman Oil Company 25%, Eng. Abdul Rahman Barham Karim Small Fields 58.5% 2040 907 8.8 MedcoEnergi 7.5%, Vision Oil&Gas 5%, Petrovest General Trade Agreement Oman 4% O
Slide 11: Indexed Price GSA
Asset Customer Agreement Date Commitments Expiry Date SembGas 1 South Natuna Sea Block B 15-Jan-1999 Total Contract Quantity (TCQ) 2,888 TBTU, Daily Contract Quantity (DCQ) 162 BBTUD 15-Jul-2028 Singapore SembGas Signed 5-June-2023 2 South Natuna Sea Block B Total Contract Quantity (TCQ) 105 TBTU, D
Slide 12: Indexed Price GSA
Asset Customer Agreement Date Commitments Expiry Date 18 Tarakan PGN 21-Feb-2022 Total contract quantity (TCQ) 947.7 MMSCF, Daily Contract Quantity (DCQ) 0.30 MMSCFD. 7-Sep-2030 19 Senoro-Toili DS-LNG 22-Jan-2009 Total contract quantity (TCQ) 1,307,508 BBTU, Daily Contract Quantity (DCQ) 277.5 BBTUD
Slide 13: Indexed Price GSA
Asset Customer Agreement Date Commitments Expiry Date 1 Corridor GSPL Singapore 21-Nov-2022 Original Contract Quantity of 241 TBTU. DCQ 2024 121 BBTUD 31-Dec-2028 2 Corridor PGN 19-Dec-2023 Original Contract Quantity 482 TBTU. DCQ 2024 410 BBTUD 31-Dec-2028 3 Corridor EHK 30-Oct-2007 Original Contra
Slide 14: Indonesian PSC Cost Recovery and Gross Split
Indonesian PSC Cost Recovery Indonesian PSC Gross Split Gross Revenue Gross Revenue Government Contractor FTP Split Split Cost Recovery Profit Split DMO & reimbursement DMO & reimbursement Costs Taxable Income Taxable Income Income Tax Income Tax Government Contractor Government Contractor Share Sha
Slide 15: Thailand Concession and Oman EPSA Simplified Cost Recovery
Thailand Concession Oman EPSA Simplified Cost Recovery Gross Revenue Gross Revenue Royalty Cost Recovery Special Remuneratory Profit Split Benefit Tax Government Contractor Government Contractor Share Share Share Share 15
Slide 16: Share to Contractor: Indonesia PSC
Share to Contractor2 Contract Area Type Current Type Location Contract Expiry Date Profit Crude Oil (%) Profit Natural Gas (%) South Sumatera Block PSC Cost Recovery South Sumatra 2033 12.50 27.50 Lematang PSC Cost Recovery South Sumatra 2027 15.00 29.50 Senoro-Toili PSC Cost Recovery Sulawesi 2047
Slide 17: Share to Contractor: International
Share to Contractor1 Contract Area Type Current Type Location Contract Expiry Date Profit Crude Oil (%) Profit Natural Gas (%) 13.7% 13.7% With adjustment for several factors With adjustment for several factors Libya - Area 47 EPSA IV Libya 2045 such as production rate and such as production rate an
Slide 18: Debt Info
MEDCOENERG! Debt Info
Slide 19: Debt Maturity Profile: Bullet vs Installment
Restricted Group Debt (US$ mn) Medco Power Debt (US$ mn) Bullet Bullet Instalment Instalment 736 646 604 428 543 317 567 218 362 181 5 161 287 101 93 93 192 176 63 39 53 49 94 93 17 23 56 66 80 1 32 30 6 17 0 30 39 21 23 0 19 2024 2025 2026 2027 2028 2029 2030 2024 2025 2026 2027 2028 2029 2030 onwa
Slide 20: Medco Power Indonesia
Medco Power Indonesia
Slide 21: Medco Power Statistics
1H 1H YoY FY FY YoY Metrics Gross Operating Installed Capacity, MW 2024 2023 ∆% 2023 2022 ∆% IPP Sold and O&M Capacity1 2,864 2,844 2,844 2,288 939 919 919 IPP Sold, GWh 2,003 2,003 0 4,155 3,993 4.1 638 Renewables, GWh 409 419 (2) 801 855 (6.3) Non Renewables, GWh 1,594 1,584 1 3,353 3,138 6.9 1,92
Slide 22: Amman Mineral Nusa Tenggara
Amman Mineral Nusa Tenggara
Slide 23: Amman Mineral Statistics
Copper Gross Reserves & Resources (Mlbs) Gold Gross Reserves & Resources (Koz) 1H 1H YoY FY FY YoY Metrics 31/12/2023 31/12/2023 2024 2023 ∆% 2023 2022 ∆% Production 13,400 15,368 Copper, Mlbs 235.6 133.7 76.2 312.0 463.9 (32.7) Gold, Kozs 494.9 171.5 188.6 463.5 730.7 (36.6) 7,500 34,400 6,213 24,5
Slide 24: ESG
ESG
Slide 25: Sustainability Report
Reports in accordance with 2016 GRI Standards and subsequent updates Improved quality of disclosure in our reporting by increasing the number of GRI performance indicators disclosed and assured by Ernst & Young year-on-year 96 indicators 93 indicators 86 indicators 75 indicators PT Medco Energi Inte
Slide 26: ESG Ratings
AAA We support AA CDP Score Report - A A A Climate Change BBB BBB Since 2022, PT Medco Energi Internasional Tbk received an MedcoEnergi’s Average Performance BB BB BB MSCI ESG Rating of A. CDP Score Oil & Gas Global Extraction & Asia Average Production Dec-19 Dec-20 Nov-21 Dec-22 Nov-23 2021* C C B-
Slide 27: PT Medco Energi Internasional Tbk
PT Medco Energi Internasional Tbk The Energy Building 53rd Floor SCBD Lot 11A Jl. Jend. Sudirman, Jakarta 12190 Indonesia P. +62-21 2995 3000 F. +62-21 2995 3001 E. investor.relations@medcoenergi.com Website : www.medcoenergi.com