Pt Perusahaan Gas Negara (persero) Tbk Class B · IDX:PGAS
Pt Perusahaan Gas Negara (persero) Tbk Class B — Perusahaan Gas Negara — Q1 2017 Earnings Presentation
17 slides from Pt Perusahaan Gas Negara (persero) Tbk Class B's earnings presentation, 2017
Slide 1: Perusahaan Gas Negara Investor Presentation 3M 2017 Update
Perusahaan Gas Negara Investor Presentation 3M 2017 Update
Slide 2: Disclaimer
Disclaimer: The information contained in our presentation is intended solely for your personal reference. In addition, such information contains projections and forward-looking statements that reflect the Company’s current views with respect to future events and financial performance. These views ar
Slide 3: PGN's Group & Ownership
PGN’s Group & Ownership PGN is an SOE with main business in natural gas. Currently, the Government of Indonesia holds 57% of shares while the remaining 43% is freefloat. In line with its effort to strengthen the core business and expand further, PGN has transformed into a synergized company comprisi
Slide 4: Business Model
Business Model Currently, its business model allows PGN to integrate its gas block in upstream to transmission pipeline for offtaker and integrate its LNG FSRU and conventional Gas Supply gas to distribution pipeline for customers. At the same time, its supporting businesses provide excellent servic
Slide 5: Highlights of the Quarter
Highlights of the Quarter • Gas sales volume Gas sales in distribution business in first quarter was 816 MMScd, mostly from conventional gas reserves • Gas sales price Gas sales Volume The average price for the gas sold to distribution customers was USD 8.58/MMBtu • Oil and gas lifting Lifting of oi
Slide 6: Downstream – Distribution Business
Downstream – Distribution Business 865 807 824 802 803 797 816 (MMscfd) 2012 2013 2014 2015 2016 Q1-16 Q1-17 • In first quarter 2017, PGN delivered 816 MMscfd, increased by 19 MMScfd from the corresponding period last year • Regional Distribution I contributed 72%, Regional Distribution II contribut
Slide 7: Downstream – Distribution Business
Downstream – Distribution Business Industries and Power Commercial & SME Households Plants 97.37% 2.33% 0.31% of total volumes of total volumes of total volumes 1,652 1,929 165,392 *Number of customers as of Dec 2016 Customers* Customers* Customers* • Out of 816 MMScfd of gas sold to customers, 40,5
Slide 8: Downstream – Gas Sales Price
Downstream – Gas Sales Price PGN Average • In the first quarter 2017, PGN maintained an Natural Gas - avg PGN 8,58 Selling Price average of selling price of USD 8.58/MMBtu LPG - 3 kg (Subsidized) 7,17 • On negotiation basis and to support the electricity sector, adjustment of price and MFO 180 13,32
Slide 9: Downstream – Transmission Business
Downstream – Transmission Business 877 854 852 846 789 795 (MMscfd) 726 2012 2013 2014 2015 2016 Q1-16 Q1-17 • In first quarter 2017, PGN, KJG, TGI delivered 13 MMscfd, 79 MMScfd, 634 MMScfd respectively. The transmission volume decreased by 14% yoy from the corresponding period last year • Gas tran
Slide 10: Upstream Business – Saka Energi Indonesia
Upstream Business – Saka Energi Indonesia Acquired Oil and Gas Blocks Contract Asset %Wi Operator Area (Km2) Status Expiry Pangkah 100 SEI 784 Production 2026 Ketapang 20 Petronas 885 Production 2028 Bangkanai 30 Salamander 1,395 Production 2033 South Sesulu 100 SEI 625 Exploration 2039 Fasken (Texa
Slide 11: Upstream Business – Lifting Volume
Upstream Business – Lifting Volume Crude Oil & Condensate (BBLS) LPG (MT) Pangkah 2016-3M 298.984 2016-3M 8.659 • The production and lifting volume in Q1-2017 Pangkah 2017-3M 286.780 increased inline with the acquisition 2016-3M 187.000 2017-3M 13.605 SES 2017-3M 162.000 Sanga-Sanga 2016-3M 0 Ketapa
Slide 12: Financial Highlight – Consolidated
Financial Highlight – Consolidated In USD Million March 31, 2017 March 31, 2016 In Million Consolidated Revenues USD Revenues 746 720 1000 15 Cost of Revenues 525 497 19 57 100 3 1 Gross Profit 221 224 641 629 Operating Income 156 158 0 EBITDA 254 230 Q1-16 Q1-17 Net Income 97 101 Distribution Trans
Slide 13: Financial Statements – Highlight
Financial Statements – Highlight In USD Million March 31, 2017 Dec 31, 2016 March 31, March 31, In USD Million 2017 2016 Current Assets 2,269 2,125 Non Current Assets 4,717 4,709 Cash flow from operating 271 152 Total Assets 6,986 6,834 Cash flow from (76) (142) investment Current Liabilities 847 81
Slide 14: Infrastructure & Market Development
Infrastructure & Market Development Customer Attachment RD III • Development of market by construction of Potential of 0.1 MMScfd distribution backbone Plan of operation: 2017 &2018 Development of Transmission Pipeline • Delivering gas to RD by developing pipeline WNTS – Pemping 16”-5 km; reserved c
Slide 15: Recent Government Policies and Regulations
Recent Government Policies and Regulations July November December 2016 2016 2016 Central Bank Deputy Letter No. Decree of Minister of ESDM Government Regulation 18/5/DpG-DKSP/ Srt/B No. 40/2016 No. 72/2016 Mandatory use of Rupiah in Indonesia Gas Prices for Spesific Industry revised government regul
Slide 16: Evolving Gas Regulation
Evolving Gas Regulation Decree of ESDM Minister No. 40/2016 Third Economic Presidential Decree Gas prices for three specific Policy Package industries i.e the fertilizer, Lowering energy price No. 40 /2016 petrochemical and steel including gasoline, Determination of gas price Decree of ESDM industry
Slide 17: Thank You
Thank You Contact: Investor Relations PT Perusahaan Gas Negara (Persero) Tbk Mid Tower Manhattan 26th Floor, Jl. TB Simatupang Kav. 1-S Jakarta, Indonesia +62 21 8064 1111 www.pgn.co.id
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