Pt Medco Energi Internasional Tbk · IDX:MEDC
Pt Medco Energi Internasional Tbk — Investor Presentation (November 2017)
24 slides from Pt Medco Energi Internasional Tbk's investor presentation, Nov 6, 2017
Slide 1: Public Expose 2017 Delivering Value
Public Expose 2017 Delivering Value www.medcoenergi.com | November 2017
Slide 2: Contents
Contents 2 Introduction 3 Board of MedcoEnergi 4 Company Milestones 5 1H17 Results 2017 Highlights 6 Operational Performance 7 Financial Performance 10 2017 Guidance 12 A National Company Leading in three Key Business Segments 13 Oil & Gas: Overview of Production Assets 14 MedcoPower: Overview of Po
Slide 3: Introduction: Operations in three Key Business Segments, concentrated in Indonesia
Introduction: Operations in three Key Business Segments, concentrated in Indonesia 3 MedcoEnergi is a publicly listed, integrated energy & natural resources company with significant interests in Mining and Power Generation alongside its core Oil & Gas Exploration & Production activities in Indonesia
Slide 4: Board of MedcoEnergi
Board of MedcoEnergi 4 Director Director Director Director President Director Chief Human Capital & Chief Executive Officer Chief Financial Officer Chief Operating Officer Hilmi Panigoro Business Support Roberto Lorato Anthony Mathias Ronald Gunawan Amri Siahaan 2016 was a transformational year for
Slide 5: Company Milestones
Company Milestones 5 1980 1994 1995 1996 2005 2006 2007 Established Initial Public Acquired Discovered Awarded Awarded Discovered as Meta Epsi Offering in 100% shares major EPSA IV PSC Oman Service 352 MMBOE Pribumi Indonesia of Stanvac onshore oil Contract for Contract. hydrocarbon Drilling Indones
Slide 6: 2017 Highlights
2017 Highlights 6 • 1H17 oil and gas production of 89.8 mboepd • Sarulla Geothermal Power plant Unit I began compared to 64 mboepd in 1H16. commercial production in March 2017, Unit II in • South Natuna Sea Block B, acquired at the end early October, one month ahead of schedule. Unit of 2016, contri
Slide 7: 1H17 Operational Performance
1H17 Operational Performance 7 Oil and Gas E&P 1H16 1H17 YoY∆% Power 1H16 1H17 YoY∆% Production Production and Capacity° IPP Power Production, GWh 712 901 26.5 Oil, MBOPD 30.2 35.5 17.6 O&M Capacity, MW 1,320 1,930 46.2 Gas, MMSCFD 197.8 290.6 46.9 Average Realized Price* Total Oil and Gas, MBOEPD*
Slide 8: Certified Reserve Base
Certified Reserve Base 8 Oil & Gas: Net 2P Power: Gross Installed Mining: Gross Gold (Koz) and Reserves, MMBOE Capacity, MW Copper (Mlbs) Reserves Life Index : 11 years 2,566 4,810 322.8 4,616 526 267.7 2,305 147.4 1,617 Proved & 135.2 Probable 3,382 297 2,040 175.4 1,320 2,505 132.6 Stockpiles 1,23
Slide 9: Organic Growth Base
Organic Growth Base 9 Oil & Gas: Net Contingent Power: Gross Installed Capacity Mining: Gross Gold (Koz) and Resources, MMBOE & Committed Projects, MW Copper (Mlbs) Resources 252.0 3,626 23,194 Batu Hijau 3,482 61.3 3,076 1,091 181.8 816 15,989 45.3 3,041 Elang 19,712 190.8 2,535 2,260 136.4 12,948
Slide 10: 1H17 Financial Performance
1H17 Financial Performance 10 Profit & Loss (US$ mn) 1H16* FY16* 1H17 Balance Sheet (US$ mn) 1H16 FY16 1H17 Revenue 261.5 583.0 403.5 Cash and cash equivalents 371.3 164.6 217.6 Production & Lifting Costs 82.0 205.1 98.3 Investments 678.3 1,280.4 1,581.8 DDA 54.6 111.4 70.7 Fixed Assests 1,492.4 1,3
Slide 11: Details on Rights and Warrants Issue
Details on Rights and Warrants Issue 11 Timeline 17 Nov 2017 Price Finalization 27 Nov 2017 12 - 18 Dec 2017 21 Dec 2017 02 Nov 2017 15 - 18 Nov 2017 Effective letter Rights trading period Allotment EGMS Roadshow from OJK 18 Sept 2017 26 Sept 2017 03 Nov 2017 21 Nov 2017 8 Dec 2017 11 Dec 2017 Discl
Slide 12: 2017 Guidance
2017 Guidance 12 Net Debt to EBITDA 1H17 Oil & Gas Breakdown 6.7x TOPQ & LongTerm Contract 5.1x 3.5 - 4.3x 3.7x Indexed Gas Fixed Oil Price 66% Price 34% 53% 47% 1H 2017 production: 1H 2017 gas production: 2014 2015 2016 2017G° 82 mboepd 291 mmcfd ° Based on restricted group in the USD Bond Covenant
Slide 13: A National Company Leading in Three Key Business Segments
A National Company Leading in Three Key Business Segments 13 Hydrocarbon Production* (Net), MBOEPD >85 Oil Oil & Gas Gas • Complete Aceh development on schedule, on budget 62 66 56 56 35-36 • Monetise existing domestic discoveries 31 • Near field Exploration and cost recovery funded drilling and 35
Slide 14: South Sumatra Assets
South Sumatra Assets 14 Extensive experience in managing decline and controlling costs on maturing assets Rimau Contract area of 1,103 km2 Participating interest: 95% Contract expires in 2023 1H17 Production: 10.0 mboepd South Sumatra Contract area of 4,470 km2 Participating interest: 100% Lematang
Slide 15: South Natuna Sea Block B
South Natuna Sea Block B 15 Enhancing capabilities through the integration of world-class offshore operations Offshore PSC in the South Natuna Sea, world class facilities, large hydrocarbon base (gross resources > 569 mmboe) Acquisition completed November 2016, contract expires in October 2028 Medco
Slide 16: South Natuna Sea Block B - Offshore Facilities
South Natuna Sea Block B - Offshore Facilities 16 Integrated Offshore Production Systems Operated to the Highest Standard
Slide 17: Block A Aceh: Phased Gas Developments
Block A Aceh: Phased Gas Developments 17 Phase I will monetize 237 TBTU of gas and 5.17 MMBO of condensate for the domestic market Alur Rambong Julu Rayeu MedcoEnergi operated PSC. First gas 2018, PSC Alur Siwah expiry 2031. Consolidated interest to 85% Engineering, procurement, and construction ove
Slide 18: Senoro: Phased Gas Developments
Senoro: Phased Gas Developments 18 Senoro Upstream/Downstream Value Chain Senoro Phase I production, 3Q15 1 Mtpa 1 Mtpa Chubu Electric (Japan) PPGM Contract expires in December 2027 (Matindok) 250 0.3 Mtpa Kyushu Electric (Japan) 1H17 gross production > 307 mmscfd 105 85 DSLNG Korea Gas Gross proved
Slide 19: Medco Power Indonesia: Overview
Medco Power Riau Combined CycleIndonesia: Overview Power Project 19 Focusing on Independent Power Producer and Operation & Maintenance Businesses BUSINESS OVERVIEW Gas Powered Renewable Energy Electricity INDEPENDENT Electricity Generation: POWER PRODUCER Generation Geothermal & Hydro Operations & P
Slide 20: Medco Power Indonesia: Asset Portfolio
Medco Power Indonesia: Asset Portfolio 20 TM2500 Gas 75 MW (O&M) Duri Riau CCPP 275 MW 2016 MEB Gas 85 MW Batam Island Riau 2004 2021 PPA Signed in April 2017 TM2500 Gas 75 MW DEB Gas 85 MW (O&M) Batam Island Paya Pasir 2006 2016 TM2500 Gas 20 MW Sarulla Geothermal 330 Batam Island MW (O&M) 2007 Nor
Slide 21: Sarulla: Phased Geothermal Power Developments
Sarulla: Phased Geothermal Power Developments 21 The largest single-contract geothermal power project in the world Unit I 110MW, commercial operation in March 2017 and Unit II 110MW, commercial operation in October 2017. Unit III commercial operation in Q2 2018. Total contracted capacity of 330MW. 3
Slide 22: Amman Mineral Nusa Tenggara: Phased Mining Developments
Amman Mineral Nusa Tenggara: Phased Mining Developments 22 Access to world-class Mining operations with long term upside Transaction completed: 2 November 2016 Copper and gold mine in Sumbawa, Nusa Tenggara, established under 4th generation COW expiring in 2030, Converted into IUPK. 1H17 production:
Slide 23: Summary
Summary 23 • 1H17 production results ahead of full year guidance; up 40.4% compared to 1H16 at 89.8 mboepd Delivering • 1H17 Revenue and EBITDA up by 54.3% and 61.7% respectively on higher volumes and lower costs Value • Gross and Net margins improved, to 49.1% and 20.0% respectively and Annualized
Slide 24: Company Address: Investor Relations
Company Address : Investor Relations: PT Medco Energi Internasional Tbk. Geroad Jusuf The Energy Building 53rd Floor Head of Investor Relations SCBD Lot 11A Email. geroad.jusuf@medcoenergi.com Jl. Jend. Sudirman, Jakarta 12190 Indonesia Andhika Suryadharma P. +62-21 2995 3000 Investor Relations Capi
PT Medco Energi Internasional — Investor Presentation (November 2017) on 6ix