Pt Perusahaan Gas Negara (persero) Tbk Class B · IDX:PGAS
Pt Perusahaan Gas Negara (persero) Tbk Class B — Perusahaan Gas Negara — Investor Presentation (August 2016)
22 slides from Pt Perusahaan Gas Negara (persero) Tbk Class B's investor presentation, August 2016
Slide 1: Investor Presentation 6M 2016 Update
Perusahaan Gas Negara Investor Presentation 6M 2016 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 Group and Ownership
PGN Group and Ownership 56.97% 43.03% Government of Public Republic Indonesia Total Shares: 24,241,508,196 Incl. 1,850,000 Treasury Stock and 1 Seri-A Dwiwarna Share LNG Other Distribution Transmission E&P Operation PGAS Business Unit Saka Energi PGN LNG Business Unit Telekomunika Gas Product Indone
Slide 4: Business Model
Business Model Leading Player in Indonesia Natural Gas Transmission & Distribution GTA GSPA GSA Gas Transportation Agreement Gas Sales & Purchase Agreement Gas Sales Agreement Between the gas transporter to is an agreement whereas PGN purchase Between PGN as gas distributors transport gas from suppl
Slide 5: Recent Government Policies and Regulations
Recent Government Policies and Regulations Central Bank Deputy Letter Third Economic Ministerial Decree of ESDM Presidential Decree Ministerial Decree of ESDM No. 18/5/DpG-DKSP/ Srt/B Policy Package No. 6 year 2016 No. 40 year 2016 No. 16 year 2016 dated 26 July 2016 Lower Energy Price Guideline and
Slide 6: Network Infrastructure – Transmission & Distribution Regions
Network Infrastructure – Transmission & Distribution Regions III Medan Duri Batam 1 2 Palembang 4 3 5 Lampung Jakarta 6 I Semarang II Surabaya 1 Grissik – Duri Transmission Line 2 Grissik – Batam – Singapore Transmission Line 3 SSWJ Transmission Line I Western Java, Lampung, Palembang Distribution N
Slide 7: Source of Gas
Source of Gas Bontang LNG 1,613 MMscfd Inti Daya Latu Prima PGN volume delivery via distribution and Pertagas Ex. Jambi Merang transmission pipeline in 6M-2016 Pertamina EP Asset 1 Tangguh LNG P. Susu Field Pertamina EP Asset 1 Benggala 1 Field Conoco Phillips Corridor PSC PHE WMO West Madura Offsho
Slide 8: Distribution Performance
Distribution Performance 865 824 795 807 802 796 Region III 11% (MMscfd) Region II 17% Region I 72% 2011 2012 2013 2014 2015 6M-2016 Region I : Western Java, Lampung, Palembang Region II : East Java & Central Java Region III : North Sumatera & Riau Islands 8
Slide 9: Serve All Segments
Serve All Segments Industries and Power Plants Commercial & SME Households 97.15% 2.59% 0.27% of total volumes of total volumes of total volumes 1,601 1,920 117,670 Customers Customers Customers 40.0% Industrial Diversification incl. Power Sector 14.8% 11.0% 9.9% 6.1% 4.5% 4.2% 3.6% 2.3% 2.3% 0.6% 0
Slide 10: Opportunity in Price Advantage
Opportunity in Price Advantage USD/MMBTU Exchange Rate PGN Average HSD vs Natural Gas (USD/IDR)) Natural Gas 8.42 35 16000 HSD Unsubsidized Price Selling Price LPG - 3 Kg Natural Gas-PGN's Price 7.24 30 14000 (Subsidized) Exchange Rate LPG - 12 Kg 17.81 12000 25 LPG - 50 Kg 19.87 10000 20 MFO 11.63
Slide 11: Transmission Performance
Transmission Performance PGN 877 854 852 2% 845 816 KJG 789 12% (MMscfd) TGI 85% 2011 2012 2013 2014 2015 6M-2016 Note: *) As of January 1, 2015, PGN adopted PSAK 65 (Indonesian Statements of Financial Accounting Standards) regarding consolidated financial statements whereby it reassessed its contro
Slide 12: Consolidated Statements of Comprehensive Income
Consolidated Statements of Comprehensive Income In USD Million June 30, 2016 June 30, 2015 Revenues 1,439.2 1,415.9 Cost of Revenues 993.1 937.1 Gross Profit 446.1 478.8 Operating Income 262.0 289.9 EBITDA 430.7 417.1 Net Income 152.4 227.3 12
Slide 13: Consolidated Statements of Financial Position
Consolidated Statements of Financial Position In USD Million June 30, 2016 Dec 31, 2015 Current Assets 1,710.0 1,722.5 Non Current Assets 4,827.2 4,772.5 Total Assets 6,537.2 6,495.0 Current Liabilities 644.4 667.3 Non Current Liabilities 2,874.8 2,804.9 Total Equity 3,018.0 3.022.8 Total Liabilitie
Slide 14: Loan Composition
Loan Composition As of June 30, 2016 Credit Rating 2016 Wtd Avg (after tax) 4.23% Baa3 Fixed Float BB+ 64% Total Loan 36% USD 2.85 billion BBB- USD JPY idAAA- 85.30% 14.70% Long-term loan sourced from developmental banks, bond proceeds and commercial banks. 14
Slide 15: Upstream Assets
Upstream Assets C H I D E F G J A B Contract Asset % WI Operator Area (Km2) Status Expiry A Pangkah 100 SEI 784 Production 2026 B Ketapang 20 Petronas 885 Production 2028 Strategic Benefits C Bangkanai 30 Salamander 1,395 Development 2033 South Sesulu 100 SEI 625 Exploration 2039 •Increased security
Slide 16: Upstream Assets Portfolio Strategy
Upstream Assets Portfolio Strategy Building a portfolio of opportunities Field Step Out Surrounding Discovery Exploration Acreage South East Sumatra PSC Offshore South East Sumatra Add value through Low risk exploration Add value through FASKEN development / using subsurface development / Eagle Ford
Slide 17: LNG Gas Supply
LNG Gas Supply FSRU Lampung Specification FSRU Jawa Barat DWT 81,900 tonnes Specification Storage Capacity 170,000 m3 Regas Capacity 240 MMSCFD Capacity 3 MTPA Offshore Pipeline +21 km Offshore Pipeline +15 km Diameter 24” Diameter 24” LNG Supply Contract 11.75 MT • About 1.1 million cubic meter of
Slide 18: Kepodang-Tambak Lorok Transmission Pipeline
Kepodang-Tambak Lorok Transmission Pipeline Kepodang – Tambak Lorok Pipeline • Kalimantan Jawa Gas (KJG) completed Kepodang – Tambak Lorok pipeline project at the end of August 2015. It has delivered gas from Muriah Block to PLN’s Tambak Lorok power plant in Central Java. The volume will ramp-up to
Slide 19: Recent Updates
Recent Updates Event Detail of Event August, 2016 PGN and PLN agreed to extend delivery of gas to PLN power plant in Muara Tawar. Agreement with PLN regarding extention Under the agreement, additional volume and more stable offtake with new price will of gas delivery to PLN power plant in be applied
Slide 20: Recent Updates
Recent Updates Event Detail of Event April 8, 2016 Rp 2,213,734,528,459,- from the profit attributable to the parent of entity of year Resolution of Annual General Meeting of 2015 or Rp 91.32 per share were distributed as cash dividend to shareholders: Shareholders on Dividend Cum dividend: • Regula
Slide 21: Note
Note ......................................... ......................................... ......................................... ......................................... ......................................... ......................................... ......................................... .
Slide 22: 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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