Pt Medco Energi Internasional Tbk · IDX:MEDC
Pt Medco Energi Internasional Tbk — Investor Day (2024)
24 slides from Pt Medco Energi Internasional Tbk's investor day presentation, 2024
Slide 1: PT Medco Energi Internasional Tbk (IDX Ticker: MEDC)
PT Medco Energi Internasional Tbk (IDX Ticker: MEDC)
Slide 2: Contents
Financial Data 2023 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 Inst
Slide 3: Financial Data
Financial Data
Slide 4: 2023 Consolidated Financials
Profit & Loss (US$ mn) FY 2023 FY 20221 YoY ∆% Balance Sheet (US$ mn) FY 2023 FY 2022 YoY ∆% Revenue 2,249 2,312 (3) Cash and cash equivalents2 425 737 (42) - Oil and gas 1,961 2,190 (10) Investments 1,664 1,422 17 - Power 281 114 146 Fixed Assets 3,401 3,100 10 - Others 8 8 (4) Total Assets 7,468 6
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 9 119 131 144 35 250 72 80 63 1 83 6 70 20 19 33 128 121 31 52 25 3 1 7 38 38 39 8 29 16 19 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024
Slide 6: Operational Data
Operational Data
Slide 7: Oil and Gas Statistics
FY FY YoY Net 2P Reserves, MMBOE Metrics ∆% 2023 2022 FY 2023 Production1 5-yr 2P RRR : 233% 8.4 years 10.6 years 5-yr 2P FD&A : US$6.7/boe Oil, MBOPD 32.1 33.5 (4.2) 55 539 Gas, MMSCFD 697.4 704.1 (1.0) 125 20 481 51 53 Lifting/Sales 389 52 Oil Lifting, MBOPD 30.8 32.6 (5.5) Gas Sales, BBTUPD 659.2
Slide 8: Reserves and Resources
As of 31 December 2023: 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 20,168 693,433 145,510 31,933 1,003,627 214,059 41,007 1,291,530 274,032 East & Central Indones
Slide 9: Indonesia Assets
Indonesia Assets Working Acreage FY 2023 Production Asset Expiry Operator Partner Type of Contract Interest (Km2) (MBOEPD) Repsol (Corridor) Ltd. 24%, Corridor1 46.0% 2043 2,084 74.4 MedcoEnergi PSC Cost Recovery Pertamina Hulu Energi Corridor 30% Senoro-Toili 2 30.0% 2047 451 20.8 JOB Pertamina – M
Slide 10: International Assets
International Assets FY 2023 Working Acreage Country Asset Expiry Production Operator Partner Type of Contract Interest (Km2) (MBOEPD) Oman Oil Company 25%, Kuwait Energy 7.5%, Vision Karim Small Fields 58.5% 2040 781 7.6 MedcoEnergi Service Contract Oil&Gas 5%, PetroVest 4% Oman OQ Exploration & Pr
Slide 11: Active Gas Contracts: 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) 174 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: Active Gas Contracts: 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 19-Aug-2021 (Amendment) Total contract quantity (TCQ) 1,307,508 BBTU, Daily Contract Quantity (DCQ)
Slide 13: Active Gas Contracts: Indexed Price GSA
Asset Customer Agreement Date Commitments Expiry Date 1 Corridor GSPL Singapore 21-Nov-2022 Original Contract Quantity of 241 TBTU. DCQ 2023 87 BBTUD. Corridor’s start date 12 Aug 2023. 31-Dec-2028 2 Corridor PGN 19-Dec-2023 Contract Quantity 482.3 TBTU. DCQ 1 Oct - 19 Dec 2023 335 BBTUD, DCQ 20 Dec
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 Simplified Cost Recovery
Thailand Concession Oman 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: PSC Terms: Share to Contractor
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: PSC Terms: Share to Contractor
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 Debt1,2 (US$ mn) Medco Power Debt1,2 (US$ mn) Bullet Bullet Instalment Instalment 729 571 539 518 543 317 530 267 232 180 194 150 186 201 108 78 39 26 68 37 39 88 1 12 13 38 41 52 40 37 16 23 2024 2025 2026 2027 2028 2029 2030 2024 2025 2026 2027 2028 2029 2030 onwards onwards 1 Deb
Slide 20: Medco Power Indonesia
Medco Power Indonesia
Slide 21: Medco Power Statistics
FY FY YoY Gross Operating Installed Capacity, MW Metrics ∆% 2023 2022 IPP O&M IPP Sold and O&M Capacity1 2,788 2,788 2,864 2,844 IPP Sold, GWh 4,155 3,993 4.1 638 638 2,288 939 919 Renewables, GWh 801 855 (6.3) 638 Gas IPP, GWh 3,353 3,138 6.9 2,150 2,150 1,925 1,925 O&M Capacity, MW 1,925 1,925 0.0
Slide 22: Amman Mineral Nusa Tenggara
Amman Mineral Nusa Tenggara
Slide 23: Amman Mineral Nusa Tenggara
Amman Mineral Nusa Tenggara Copper Gross Reserves & Resources (Mlbs) Gold Gross Reserves & Resources (Koz) FY FY YoY 31/12/2023 Metrics 31/12/2023 2023 2022 ∆% Production 13,400 15,368 Copper, Mlbs 312.0 463.9 (32.7) Gold, Kozs 463.5 730.7 (36.6) 7,500 34,400 6,213 24,555 Sales 10,396 15,000 Copper,
Slide 24: 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