Slide 1: First Half 2019 Financial and Operating Results
First Half 2019 Financial and Operating Results 02 August 2019
Slide 2: First Half 2019 Highlights
First Half 2019 Highlights Completed definitive feasibility study for the first phase of the Silangan Project: • Mineral resource estimates up 43% to 571 million tonnes compared to 398 million tonnes as previously declared in 2011 for the Boyongan, Bayugo and Kalayaan ore deposits • First phase ex
Slide 3: Operating Statistics
Operating Statistics Q1 2019 Q2 2019 +/- 1H 2019 1H 2018 +/- Tonnes Milled (‘000) 1,832 1,973 8% 3,805 4,388 -13% Production: Gold – ozs 10,493 13,182 26% 23,675 34,583 -32% Copper – lbs (‘000) 5,727 6,280 10% 12,007 14,149 -15% Recovery: Gold 74% 78% 4% 77% 76% 1% Copper 81% 82% 1% 82% 79% 3% Ore G
Slide 4: Financial Summary
Financial Summary (in Php mn) Q1 2019 Q2 2019 +/- 1H 2019 1H 2018 +/- Gross Revenues 1,613 1,752 9% 3,365 4,646 -28% Smelting Charges 137 139 -1% 276 377 -27% Net Revenues 1,476 1,613 9% 3,089 4,269 -28% Costs and Expenses 1,566 1,567 - 3,133 3,361 -7% Other Income (Charges) 294 143 -51% 437 (129) -
Slide 5: Balance Sheet
Balance Sheet (in Php mn) June 2019 December 2018 Cash & Cash Equivalents 101 871 Receivables & Others 3,588 3,582 Total Current Assets 3,689 4,453 • Total Assets: Silangan Project accounts for more than 60% of Property, Plant & Equipment 4,916 5,404 total assets Deferred Exploration Costs 26,050 25
Slide 6: Capital Expenditure
Capital Expenditure CAPEX Distribution (in Php Mn) 923 898 18 71 112 347 715 558 1H 2019 1H 2018 Padcal Silangan Other Mine Exploration 66
Slide 7: PXP Energy Corporation Financial Highlights and Operational Updates
PXP Energy Corporation Financial Highlights and Operational Updates
Slide 8: Financial Highlights – Profit and Loss
Financial Highlights – Profit and Loss % Inc (in PhP millions) 1H 2019 1H 2018 (Dec) Gross revenue ₱ 51 ₱ 67 -23% Cost and expenses 86 110 -22% Loss from operations (35) (44) -21% Other income - net 17 11 55% Reported net income (loss) ₱ (18) ₱ (33) -46% • 23% decrease in gross revenue due to: Low
Slide 9: Financial Highlights – Financial Position
Financial Highlights – Financial Position AS S ETS ( i n P HP mi l l i o n s) As o f Ju n 3 0 , As o f D ec 3 1 , 2019 2018 % In c ( Un au d i ted ) ( Au d i ted ) ( D ec) Cash & cash equivalents ₱ 280 ₱ 342 -18.3% Receivables and other CA 95 86 9.3% Current assets 374 429 -12.7% Deferred exploratio
Slide 10: Operations Update
Operations Update SC 14C1 SC 6A SC 14C2 SC 6B SC 14B Cadlao SC 14A TUMBES BASIN, OFFSHORE PERU 4
Slide 11: Operations Update 1/2
Operations Update 1/2 SC 72 Recto Bank (Forum 70%) Under Force Majeure (FM) since December 15, 2014. Forum will have 20 months upon lifting of the FM to drill the two (2) commitment wells. Completed the broadband PSDM reprocessing of 565 sq. km 3D seismic data. Started the interpretation of th
Slide 12: Operations Update 2/2
Operations Update 2/2 SC 40 North Cebu (Forum 66.67%) Gravity data modeling is underway using land gravity data acquired in 2018. SC 14C1 Galoc (Forum 2.27%) Continued production in Galoc Field. Cumulative production from October 2008 to June 2019 stood at 21.73 million barrels of oil. The Con