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Totalenergies — Investor Presentation (September 2022)
14 slides from Totalenergies's investor presentation, Sep 28, 2022
Slide 1: Developing our multi-energy model in the USA
Developing our multi-energy model in the USA September 28, 2022
Slide 2: Table of contents
03 | TotalEnergies in the US 04 | Strong LNG portfolio built through counter-cyclical deals and partnerships 05 | Profitably expanding in the US 06 | Power: an integrated portfolio combining renewables, storage and trading 07 | Clearway: value creation through direct agreement 08 | Building long-ter
Slide 3: TotalEnergies in the US
LNG Electricity & Renewables Oil Position built through counter-cyclical deals GW gross production by 2030 Gulf of Mexico: 2 major projects (Engie LNG, Toshiba) Anchor & Ballymore starting up 2024-25 Investment in accelerating Developing partnership with Sempra growth Developing Port Arthur : (Camer
Slide 4: Strong LNG portfolio built through counter-cyclical deals and partnerships
Taking over Engie’s LNG business 2022 Developing partnership with Sempra: Cameron + ECA offtake 2020 Cameron LNG T1–3 (16,6%) Securing LT offtake Cove Point Phase 2 (16,6%) from Sabine Pass FEED 2019 offtake FID (16,6%) 2018 offtake 2012–13 Taking over LNG portfolio: 800 M$ received from Toshiba fro
Slide 5: Cameron Phase 2
Mt/y, TotalEnergies share 4 Cameron Phase 2 (16.6%) Cameron • Debottlenecking of Trains 1-3 + Train 4: Phase 2 > 7 Mt/y capacity • Targeting FID 2023 – COD 2025-2027 • Offtake: 16.6% of Train 4 and 25% of the ECA debottlenecked capacity 2 Mexico: Energía Costa Azul (16.6%) • 3.3 Mt/y capacity develo
Slide 6: Power: an integrated portfolio combining renewables, storage and trading
Gross capacity GW Storage (50%) May 2022 8 in operation Storage advanced stage pipeline Non- Clearway, operated Hanwha JV (100%) Apr 2022 Solar 4 (100%) Feb 2022 Sunchase, (100%) Feb 2021 Core Solar (50%) Operated Sunpower (100%) (100%) C&I Jan 2021 Feb 2022 May 2022 Onshore Distributed Generation w
Slide 7: Clearway: value creation through direct agreement
Compelling transaction Payment through 1.6 B$ cash consideration plus an interest of 25% in SunPower NY Bight Attractive valuation: 9x EBITDA net for the 2 listed entities • Competitive acquisition price for Clearway Energy Inc: 12x EBITDA • Leveraging Sunpower 25% interest sale: 34x EBITDA North Ca
Slide 8: Building long-term positions in Offshore Wind
New York Bight tender (100%) Pacific Coast February 2022 Floating, lease tender end-2022 3 GW (California) and 2023 (Oregon) 50-year lease for 795 M$100% FID expected by 2026 with Gulf of Mexico COD by 2028 Bottom-fixed, lease tender PPA tenders in 2023 in 2023 North Carolina tender (100%) May 2022
Slide 9: Upstream: GoM oil assets and Barnett shale gas
kboe/d, TotalEnergies share 125 Ballymore Gulf of Mexico (non operated) Barnett shale (100%, op.) 40% 100 Anchor 37.1% 200,000 net acres 75 Jack Jack & Tahiti producing assets 25% 1,500 producing wells Anchor: new flagship & potential hub Tahiti 17% • FID end-2019, First oil 2024 • 75 kb/d semi-subm
Slide 10: Downstream leveraging on Port Arthur integrated platform
Refining and chemicals New Ethane cracker Leveraging on complex & PE project integration with polymers refinery (100%) Start-up 2022 large production sites ethylene capacity in Laporte, Bayport and mixed feed cracker Carville cracker capex (40%) Advantaged feedstock Integration with Port Arthur CFFO
Slide 11: High leverage to oil prices and refining margins
B$ 3 E&P and refining assets capturing upsides on oil prices and refining margins 2 Petrochemicals based on advantaged feedstocks, 1 maximizing high price leverage 2021 1H22 x2 Brent ($/b) 71 108 US refining margin ($/t) 84 205 September 2022 - Developing our multi-energy model in the USA | 11
Slide 12: Developing our multi-energy model in the USA
US LNG exporter Renewables portfolio in 2030 Oil production in 2026 New cracker production capacity Underlying cash flow growth Organic capex Company employed capital US institutional shareholding 2026 vs 2021 2022-2026 as of June 30, 2022 September 2022 - Developing our multi-energy model in the US
Slide 13: Disclaimer and adjustment items
These adjustment items include: 1. Special items Due to their unusual nature or particular significance, certain transactions qualified as “special items” are excluded from the business segment figures. In general, special items relate to transactions that are significant, infrequent or unusual. How
Slide 14: For more information go to
Corporate Communications TotalEnergies SE 2, place Jean-Millier 92400 Courbevoie, France Tel.: +33 (0)1 47 44 45 46 Share capital: €6,547,828,212.50 Registered in Nanterre: RCS 542 051 180 For more information go to
TotalEnergies — Investor Presentation (September 2022) on 6ix