Santos Limited · ASX:STO
Santos — Corporate Update (June 2012)
9 slides from Santos's corporate update, Jun 28, 2012
Slide 1: GLNG Project update
For personal use only Darwin LNG GLNG Project update 28 June 2012 June 2012
Slide 2: Disclaimer and Important Notice
Disclaimer and Important Notice For personal use only This presentation contains forward looking statements that are subject to risk factors associated with the oil and gas industry. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a rang
Slide 3: GLNG Project update: Capex increased by 16% to US$18.5 billion
GLNG Project update For personal use only Capex increased by 16% to US$18.5* billion Project is on track for first LNG in 2015 Project capex increased by 16% to US$18.5* billion from FID until the Capex end of 2015 increased Additional capital will bring forward upstream field development in the by
Slide 4: Accelerating upstream development
Accelerating upstream development For personal use only Additional capex of US$2.5 billion primarily used to further optimise gas delivery Additional upstream capital to be brought forward from post-2015 in the Fairview and Roma project Arcadia Area areas. Queensland Consistent with the strategy to
Slide 5: First LNG expected on schedule in 2015
First LNG expected on schedule in 2015 For personal use only Upstream Pipeline LNG plant More than 440 wells 90% of pipeline Construction on Curtis drilled in the GLNG fields manufactured, seven Island progressing on to date shipments received in schedule 640 landholder Gladstone Bulk earthworks mor
Slide 6: Funded from existing balance sheet
Funded from existing balance sheet For personal use only A$7.3 billion of existing funding capacity; Santos has no need or intention to raise additional equity or debt capital $billion Available liquidity $million Debt maturity profile 8 2,000 1.2 7 1,800 1.0 1,600 6 2.0 1,400 5 1,200 4 1,000 3.1 3
Slide 7: GLNG capex effectively hedged
GLNG capex effectively hedged For personal use only 70% A$ capex, hedged by A$ cashflows & A$3bn cash GLNG US$18.5 billion1 capex by currency Euro Santos net share of US$18.5 billion capex USD USD1 AUD1 AUD at AUD $bn $bn spot FX2 $bn 5.6 6.4 6.1 1 Based on project weighted average exchange rate ass
Slide 8: GLNG Project update June 2012
For personal use only GLNG Project update 28 June 2012 June 2012
Slide 9: Contact information
Contact information For personal use only Head office Adelaide Andrew Nairn Group Executive Investor Relations Ground Floor, Santos Centre Level 10, Santos Centre 60 Flinders Street Direct: + 61 8 8116 5314 Adelaide, South Australia 5000 Email: andrew.nairn@santos.com GPO Box 2455 Adelaide, South Au