Hibiscus Petroleum Bhd. · MYX:HIBISCS
Hibiscus Petroleum Bhd — Shareholder Meeting (December 2021)
13 slides from Hibiscus Petroleum Bhd's shareholder meeting presentation, Dec 14, 2021
Slide 1: A Strong Foundation, An Exciting Future
A Strong Foundation, An Exciting Future Hibiscus Petroleum Berhad - Annual General Meeting 14 December 2021
Slide 2: A Strong Foundation, An Exciting Future
A STRONG FOUNDATION, AN EXCITING FUTURE 01 02 03 Industry Overview Our Foundation Our Future ❖ Group History ❖ 2022-2026 Vision and ❖ Track Record Mission ❖ ESG Considerations ❖ Objectives and Strategies for Creating Value ❖ Our Acquisition 2 Hibiscus Petroleum Berhad Registration Number: 2007010402
Slide 3: Investment in Upstream Oil & Gas Remains Critical
INVESTMENT IN UPSTREAM OIL & GAS REMAINS CRITICAL Oil and gas will play an essential role during the energy transition Before the effects of the energy transition comes to full fruition, growth in demand for oil is anticipated. Oil demand* 2019 2022 2026 99 mil bpd >99 mil bpd 103 mil bpd • Signific
Slide 4: A Firm Foundation to Support Our Future
A FIRM FOUNDATION TO SUPPORT OUR FUTURE… 2011-2012 2013-2014 2015-2016 2017-2018 2019-2020 2021 Bursa Main Market Listing Completion Of 3D Oil and Completed Drilling Of Sea Completed Acquisition Of Achieved First Oil From St Signing Of 25 July 2011 VIC/P57 Transactions Lion-1 – Our First Exploration
Slide 5: Where We Are Today
WHERE WE ARE TODAY Vision (2021) To be a Respected, Valuable and Responsible Energy Company Mission (2017-2021) 100 MMbbls 20,000 bbls/day net 2P (proven and probable) oil reserves/entitlement net oil production in existing core asset areas 2021 Mission 100 30000 90 25000 80 Million Barrels of Oil 7
Slide 6: Track Record in Improving Operations Post-Acquisitions
TRACK RECORD IN IMPROVING OPERATIONS POST- ACQUISITIONS North Sabah Previous Operator Hibiscus ▪ Successfully increased daily production 30 levels 6.1% 5.5% 5.5% 5.8% 5.0% 5.0% 4.7% 25 4.3% 3.6% 3.6% 4.6% ▪ Enhanced reliability and uptime by 2.3% 2.1% 2.1% 20 reducing unplanned downtime Deferment (%
Slide 7: We Have Been Awarded for Our Strong Safety & Operational Performance
WE HAVE BEEN AWARDED FOR OUR STRONG SAFETY & OPERATIONAL PERFORMANCE Operational Efficiency Safety Others ▪ 3 Malaysia Upstream Awards in ▪ Gold Award and UK Order of Distinction from ▪ The Edge Malaysia Billion 2020 Royal Society for the Prevention of Accidents Ringgit Club Award in 2019 ▪ Producti
Slide 8: Our ESG Practices and Corporate Governance Standards Are Independently Recognised
OUR ESG PRACTICES AND CORPORATE GOVERNANCE STANDARDS ARE INDEPENDENTLY RECOGNISED Our achievements and endeavours ENVIRONMENT • Adopted the relevant United Nations’ Sustainable Development Goals in our Climate Change Framework • Progress into cleaner production of energy in disciplined steps to dive
Slide 9: The Next Five Years
THE NEXT FIVE YEARS Vision To be a Respected, Valuable and Responsible Energy Company Mission 2022-2026 Our aim is to grow a responsible energy company, using our resources, founded on upstream oil and gas assets and expertise, to optimally build a sustainable business. Our target is to grow and mai
Slide 10: Objectives and Strategies for Creating Value
OBJECTIVES AND STRATEGIES FOR CREATING VALUE Complete Repsol Transaction Build Reputation as a Respected and Responsible Operator of Mid-Life Assets Build Profile in the Equity and Debt Capital Markets Organic Growth A Focus on Operations Sustainability 10 Hibiscus Petroleum Berhad Registration Numb
Slide 11: Our Acquisition
OUR ACQUISITION PM3 CAA & Block 46 Cai Nuoc • 15 platforms, 29 pipelines and 2 FSOs • Centred around 2 manned complexes PM305/PM314 2012 Kinabalu • Ceased production in • Kinabalu oil field 2019 • 2 bridge linked • 2 platforms in the process platforms, 2 pipelines of abandonment PM305 Angsi Southern
Slide 12: Concluding Messages
CONCLUDING MESSAGES • Two years of Covid-19 has impacted the industry and our operations. Our agility as a company and the tenacity of our people have been critical. • 2017 – 2021 Mission has been materially delivered. New Mission for the next five years has been developed for implementation commenc
Slide 13: Hibiscus Petroleum Berhad
13 Hibiscus Petroleum Berhad Registration Number: 200701040290 (798322-P)
Hibiscus Petroleum Berhad — Shareholder Meeting (December 2021) on 6ix