Pt Energi Mega Persada Tbk · IDX:ENRG
Pt Energi Mega Persada Tbk — FY2021 Earnings Presentation
29 slides from Pt Energi Mega Persada Tbk's earnings presentation, April 2022
Slide 1: FY2021 Production & Financial Results
FY2021 Production & Financial Results Apr 2022
Slide 2: emp In Brief
emp IN BRIEF • emp is an upstream oil and gas company • emp has proved (1P) reserves of 17.13 million established in 2001. barrels of oil and 210 billion cubic feet of gas, proved and probable (2P) reserves of 23.27 • emp is listed on the Jakarta Stock Exchange million barrels of oil & 355 billion c
Slide 3: Board of Commissioners
BOARD OF COMMISSIONERS SUYITNO RUDIANTO RIZAL PATMOSUKISMO RIMBONO MALLARANGENG President Commissioner Commissioner Komisaris More than 50 years More than 25 years Experienced in the field of experience in oil and gas experience in the oil Government and sector, including Pertamina and gas industry
Slide 4: Board of Directors
BOARD OF DIRECTORS SYAILENDRA S. BAKRIE President Director More than 15 years of experience in finance in the oil & gas industry and fund management institutions (Capital Managers Asia Pte. Ltd.). UTARYO SUWANTO EDOARDUS A. WINDOE Director Director Previously serving as COO of PT Energi More than 15
Slide 5: Portfolio Across Indonesia & Mozambique
PORTFOLIO ACROSS INDONESIA & MOZAMBIQUE B PSC Gebang PSC Malacca Strait PSC Sangatta II CBM PSC Net 1P reserves : Working interest: 48% Working interest: 100% Working interest: 100% Working interest: 42% 52 mmboe 1C: 0.66 mmbl, 21.86 bcf 1C: 40 bcf 1P reserves : 15.99 mmbbl, 0.55 bcf Operator: EMP 2
Slide 6: Large, Diversified Portfolio of Oil & Gas Assets
LARGE, DIVERSIFIED PORTFOLIO OF OIL & GAS ASSETS The size and diversity of EMP’s reserve base will enable the company to pursue growth Large reserve base and long reserve life Diverse reserve base • Large reserves base in Indonesia compared to other • Diversified portfolio with multiple oil and gas
Slide 7: Production Breakdown and Contribution
PRODUCTION BREAKDOWN AND CONTRIBUTION Gas production Oil production 250 5 4.8 202 200 171 4 3.4 (MMSCFD) (MBOPD) 150 3 100 2 50 0 1 FY 2020 FY 2021 FY 2020 FY 2021 Net Production FY 2021 Oil Gas 45 19.65 38.51 (bopd) (mmcfd) 40 35 Malacca 4,792 2.94 30 (MBOEPD) 25 13.58 Bentu - 81.46 20 15 Kangean 3
Slide 8: Gas Price and Long Term Gas Contracts
GAS PRICE AND LONG TERM GAS CONTRACTS Gas production with long term contracts with price escalation Oil & Gas production (MBOEPD) Oil & Gas revenue split (US$ million) 38.5 40.0 32 4.8 406 3.4 324 (MBOEPD) (US$m) 98 20.0 40 28.6 33.7 284 307 0.0 FY 2020 FY 2021 FY 2020 FY 2021 Gas Oil Gas Oil Recent
Slide 9: Oil and Gas Buyers
OIL AND GAS BUYERS No. PSC Current Offtakers 1. PT PLN (Persero) 2. PT Riau Andalan Pulp and Paper 1. Bentu PSC 3. PT Pertamina (Persero) – RU II Dumai 4. PT Pertagas – City Gas 5. PT Perusahaan Gas Negara (PGN) – City Gas 1. PT Petrokimia Gresik 2. PT Pertagas Niaga 2. Kangean PSC 3. PT Indogas Kri
Slide 10: Bentu PSC
BENTU PSC (Pelalawan & Kampar District, Pekanbaru, Riau Province) • Production sharing contract is good until 2041 • Working Interest: 100% • FY 2021 Production : 81.46 mmcfd Oil Gas Reserves (mmbbl) (bcf) 1P - 146 2P - 256 3P - 389 - Bentu Block has increased its gas production from 75.87 mmcfd in
Slide 11: Bentu PSC Production Facilities
BENTU PSC (Pelalawan & Kampar District, Pekanbaru, Riau Province) BENTU PRODUCTION FACILITIES |10
Slide 12: Malacca Strait PSC
MALACCA STRAIT PSC (Kep. Meranti & Siak District, Riau Province) • Gross Split contract is good until 2040 • Working Interest: 100% • FY 2021 Production: 4,792 barrels oil per day & 2.94 mmcfd Oil Gas Reserves (mmbbl) (bcf) 1P 15.9 0.55 2P 20.62 0.55 3P 20.62 0.55 - Has completed drilling activities
Slide 13: Malacca Strait PSC Drilling Activities
MALACCA STRAIT PSC (Kep. Meranti & Siak District, Riau Province) DRILLING ACTIVITIES |12
Slide 14: Kangean PSC
KANGEAN PSC (Sumenep District, Madura, East Java Province) • Production sharing contract is good until year 2030 • Working Interest: 75% • FY 2021 Production : 37 bopd & 117.69 mmcfd Oil Gas Reserves (mmbbl) (bcf) 1P 0.03 40.6 2P 0.07 74.6 3P 0.12 97.0 - Successfully maintained production above 180
Slide 15: Kangean PSC Production Facilities
KANGEAN PSC (Sumenep District, Madura, East Java Province) PRODUCTION FACILITIES PAGERUNGAN GAS FACILITES FPU JOKO TOLE |14
Slide 16: Tonga PSC
TONGA PSC (Padang Lawas District, North Sumatera Province) • Production Sharing contract is good until year 2037 • Working Interest: 94.29% Oil Gas Reserves (mmbbl) (bcf) 1P 0.45 - 2P 1.92 - 3P 6.09 - |15
Slide 17: Tonga PSC Production Facilities
TONGA PSC (Padang Lawas District, North Sumatera Province) TONGA PRODUCTION FACILITIES TONGA 1 & 3 WELLS PRODUCTION ACTIVITY SHE ACTIVITY |16
Slide 18: Gebang PSC
GEBANG PSC (Langkat District, North Sumatera Province) • Production sharing contract is good until year 2035 • Working Interest: 100% Oil Gas Reserves (mmbbl) (bcf) 1C - 40.0 2C - 408.8 3C - 411.0 - On-progress conducts 3D Seismic activities starting in Q2 2020 - Re-activation of one of the fields i
Slide 19: Gebang PSC 3D Seismic and Facilities
GEBANG PSC (Langkat District, North Sumatera Province) 3D SEISMIC PRODUCTION FACILITIES |18
Slide 20: Sangatta II CBM PSC
SANGATTA II CBM PSC (East Kutai District, East Kalimantan Province) • Production sharing contract is good until year 2039 • Working Interest: 42% • Prospective Resources (P-50): 9.65 tcf - Received an extention of the exploration period until April 2022 |19
Slide 21: Sangatta II Project Update
SANGATTA II CBM PSC (East Kutai District, East Kalimantan Province) SANGATTA II PROJECT UPDATE |20
Slide 22: Buzi EPCC (Mozambique)
BUZI EPCC (MOZAMBIQUE) • Working Ineterest: 75% Oil Gas Reserves (mmbbl) (bcf) 1C - 103.8 2C - 349.8 3C - 1,120.9 - Has completed drilling 1 appraisal well and is continuing drilling on another 1 well |21
Slide 23: Buzi EPCC Drilling Activities
BUZI EPCC (MOZAMBIQUE) DRILLING ACTIVITIES |22
Slide 24: Full Commitment to Rigorous Safety, Health & Environment Standards
FULL COMMITMENT TO IMPLEMENT RIGOROUS SAFETY, HEALTH & ENVIRONMENT STANDARDS ALONG WITH RISK MANAGEMENT EMP is committed to grow sustainably for our people and the environment with good risk management …and our results speak for themselves (1) • Actions: • Achieved recognition from Indonesia’s Minis
Slide 25: Zero Accident Award
ZERO ACCIDENT AWARD • EMP Bentu Limited has received the Patra Nirbhaya Karya Utama award for zero accidents from 17 February 2004 to 30 April 2021 (18,131,376 manhour) • Kangean Energy Indonesia Ltd. has won Patra Nirbhaya Karya Pratama for zero accidents from 26 Juni 2007 to 30 April 2021 (14,647,
Slide 26: Full Commitment to Good Corporate Governance (GCG)
FULL COMMITMENT TO GOOD CORPORATE GOVERNANCE (GCG) a b EMP has a diverse shareholder base… …combined with world-class partners at the operations level World class partners Project with EMP Pertamina • Sangatta II (40%) PT BAKRIE KALILA Japex • 25% interest in Kangean Other public INVESTMENT, UBS AG
Slide 27: Financial Highlights
FINANCIAL HIGHLIGHTS Top line results Future capex mainly development 500 120 111 406 400 324 100 83 300 273 80 (US$m) (US$m) 233 60 50 200 40 100 15 20 0 0 FY 2020 FY 2021 2017 2018 2019 2020 Revenue EBITDA Actual Total Capex EBITDA / Interest Cover (x) Debt 2) / EBITDA metrics (x) 12 10.1 10 EBITD
Slide 28: Financial Highlights
FINANCIAL HIGHLIGHTS Financial Highlights (US$) FYE 2020 FYE 2021 Net Sales $324,881,670 $406,096,363 EBITDA $233,706,109 $273,955,117 Net Profit $53,659,332 $40,264,615 31-Dec-20 31-Dec-21 Short term Loans $18,780,111 $0 Current Maturities $20,031,899 $10,934,502 Long term Loans $78,546,922 $42,931
Slide 29: Thank You
Thank You 28
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