Pt Medco Energi Internasional Tbk · IDX:MEDC
Pt Medco Energi Internasional Tbk — 9M 2023 Earnings Presentation
27 slides from Pt Medco Energi Internasional Tbk's earnings presentation, 2023
Slide 1: PT Medco Energi Internasional Tbk (IDX Ticker: MEDC)
PT Medco Energi Internasional Tbk (IDX Ticker: MEDC)
Slide 2: Contents
Financial Data 9M 2023 Consolidated Financials 4 Consolidated Capex Guidance 5 Operational Data Oil and Gas Statistics 7 Reserves and Resources 8 Asset Portfolio 9 – 10 Active Gas Contracts 11 – 13 Simplified Funds Flow Structure 14 – 15 PSC Terms 16 – 17 Debt Info Debt Maturity Profile: Bullet vs I
Slide 3: Financial Data
Financial Data
Slide 4: 9M 2023 Consolidated Financials
Profit & Loss (US$ mn) 9M 2023 9M 20221 YoY ∆% Balance Sheet (US$ mn) 9M 2023 9M 2022 YoY ∆% Revenue 1,670 1,749 (5) Cash and cash equivalents2 666 671 (1) - Oil and gas 1,434 1,655 (13) Investments 1,521 1,393 9 - Power 220 87 155 Fixed Assets 2,898 3,180 (9) - Others 16 7 112 Total Assets 6,833 6,
Slide 5: Consolidated Capex Guidance
E&P Capex (US$ mn) Power Capex (US$ mn) Exploration Gas IPP Development Drilling Geothermal Facilities Solar PV & Other Renewables 269 23 250 119 155 144 7 35 84 80 79 63 70 20 55 128 6 45 25 19 31 2 27 6 64 7 38 34 39 8 37 28 16 2020 2021 2022 9M 2023 2020 2021 2022 9M 2023 5 2023 Guidance 2023 Gui
Slide 6: Operational Data
Operational Data
Slide 7: Oil and Gas Statistics
9M 9M YoY FY FY YoY Net 2P Reserves, MMBOE Metrics 2023 2022 ∆% 2022 2021 ∆% 9M 2023 Production1 5-yr 2P RRR : 1.1x Oil, MBOPD 31.6 33.8 (6.5) 33.5 34.4 (2.6) 5-yr 2P FD&A : US$6.8/boe 8.4 years 9.7 years Gas, MMSCFD 706.2 691.4 2.1 704.1 319.7 120.3 20 481 38 52 491 125 4 Lifting/Sales 389 52 Oil L
Slide 8: Reserves and Resources
As of 30 September 2023: Proved Reserves Proved & Probable Reserves Contingent Resources Oil Gas Total Oil Gas Total Oil Gas Total mbbls mmscf mboe mbbls mmscf mboe mbbls mmscf mboe Domestic West Indonesia 19,221 721,894 149,960 33,064 1,014,506 217,484 39,274 1,400,178 291,928 East & Central Indone
Slide 9: Indonesia Assets
Indonesia Assets Working Acreage 9M 2023 Production Asset Expiry Operator Partner Type of Contract Interest (Km2) (MBOEPD) Repsol (Corridor) Ltd. 36%, Corridor 54.0%/46.0% 2023/2043 2,084 75.6 MedcoEnergi PSC Cost Recovery Pertamina Hulu Energi Corridor 10% Senoro-Toili 30.0% 2047 451 20.9 JOB Perta
Slide 10: International Assets
International Assets 9M 2023 Working Acreage Country Asset Expiry Production Operator Partner Type of Contract Interest (Km2) (MBOEPD) Oman Oil Company 25%, Kuwait Energy 7.5%, Vision Oman Karim Small Fields 58.5% 2040 781 7.9 MedcoEnergi Service Contract Oil&Gas 5%, PetroVest 4% Thailand Bualuang 1
Slide 11: Active Gas Contracts
Asset Customer Agreement Date Commitments Expiry Date SembGas 1 South Natuna Sea Block B 15-Jan-1999 Total Contract Quantity (TCQ) 2,888 TBTU, Daily Contract Quantity (DCQ) 174 BBTUD 15-Jul-2028 Singapore SembGas Signed 5-June-2023 2 South Natuna Sea Block B Total Contract Quantity (TCQ) 105 TBTU, D
Slide 12: Active Gas Contracts
Asset Customer Agreement Date Commitments Expiry Date 18 Tarakan PGN 21-Feb-2022 Total contract quantity (TCQ) 947,7 MMSCF, Daily Contract Quantity (DCQ) 0.30 MMSCFD. 7-Sep-2030 19 Senoro-Toili DS-LNG 19-Aug-2021 (Amendment) Total contract quantity (TCQ) 1,307,508 BBTU, Daily Contract Quantity (DCQ)
Slide 13: Active Gas Contracts
Asset Customer Agreement Date Commitments Expiry Date 1 Corridor GSPL Singapore 21-Nov-2022 Original Contract Quantity of 241 TBTU. DCQ 2023 87 BBTUD. Corridor’s start date 12 Aug 2023. 31-Dec-2028 30-Sep-2023 2 Corridor PGN Contract Quantity 482.3 TBTU. DCQ 1 Oct - 19 Dec 2023 335 BBTUD, DCQ 20 Dec
Slide 14: Indonesian PSC Cost Recovery and Gross Split
Indonesian PSC Cost Recovery Indonesian PSC Gross Split Gross Revenue Gross Revenue Government Contractor FTP Split Split Cost Recovery Profit Split DMO & reimbursement DMO & reimbursement Costs Taxable Income Taxable Income Income Tax Income Tax Government Contractor Government Contractor Share Sha
Slide 15: Thailand Concession and Vietnam Simplified Cost Recovery
Thailand Concession Vietnam Simplified Cost Recovery All Exploration and Production capex is cost recoverable Gross Revenue Gross Revenue Royalty Cost Recovery Special Remuneratory Benefit Royalty Profit Share Government Contractor Profit Share Profit Share Tax Oil export duty Tax Government Contrac
Slide 16: Share to Contractor: Indonesian Contract Areas
Share to Contractor2 Contract Area Type Current Type Location Contract Expiry Date Profit Crude Oil (%) Profit Natural Gas (%) South Sumatera Block PSC Cost Recovery South Sumatra 2033 12.50 27.50 Lematang PSC Cost Recovery South Sumatra 2027 15.00 29.50 Senoro-Toili PSC Cost Recovery Sulawesi 2047
Slide 17: Share to Contractor: International Contract Areas
Share to Contractor1 Contract Area Type Current Type Location Contract Expiry Date Profit Crude Oil (%) Profit Natural Gas (%) Libya - Area 47 EPSA IV Libya 2045 6.95 6.89 Oman - Karim Small Fields Service Agreement The Sultanate of Oman 2040 12-30 N/A Oman - Block 56 PSC The Sultanate of Oman 2024
Slide 18: Debt Info
MEDCOENERG! Debt Info
Slide 19: Debt Maturity Profile: Bullet vs Installment
Restricted Group Debt (US$ mn) Medco Power Debt (US$ mn) Bullet Bullet Instalment Instalment 681 590 468 396 605 255 390 95 154 128 69 78 1 161 79 68 26 37 38 68 76 78 6 1 11 53 60 36 23 6 0 16 2023 2024 2025 2026 2027 2028 2029 2023 2024 2025 2026 2027 2028 2029 onwards onwards 19
Slide 20: Medco Power Indonesia
Medco Power Indonesia
Slide 21: Medco Power Statistics
9M 9M YoY FY FY YoY Gross Operating Installed Capacity, MW Metrics 2023 2022 ∆% 2022 2021 ∆% IPP O&M IPP Sold and O&M Capacity1 2,788 2,788 2,864 2,844 IPP Sold, GWh 3,079 2,930 5.1 3,993 2,718 46.9 638 638 2,288 939 919 Renewables, GWh 603 637 (5.3) 855 871 (1.8) 638 Gas IPP, GWh 2,475 2,294 7.9 3,
Slide 22: Amman Mineral Nusa Tenggara
Amman Mineral Nusa Tenggara
Slide 23: Amman Mineral Nusa Tenggara
Amman Mineral Nusa Tenggara Copper Gross Reserves & Resources (Mlbs) Gold Gross Reserves & Resources (Koz) 9M 9M YoY FY FY YoY 31/12/2022 Metrics 31/12/2022 2023 2022 ∆% 2022 2021 ∆% Production 14,000 15,575 Copper, Mlbs 199.5 330.8 (39.7) 463.9 233.7 98.5 Gold, Kozs 259.2 553.7 (53.2) 730.7 156.5 3
Slide 24: ESG
ESG
Slide 25: ESG Ratings
We support Average Performance Oil & Gas Global Your CDP Score Extraction & Asia Average Production As of 2022, PT Medco Energi Internasional 2021 C C B- B- Tbk received an MSCI ESG Rating of A. MSCI DISCLAIMER STATEMENT REFER TO CLOSING SLIDE 2022 B C C C A A- B 2022 B- 49.9 C 2021 Severe Risk -2.3
Slide 26: Sustainability Reporting
Reported 2017 – 2022 in accordance with the 2016 GRI Standards and its subsequent updates Improved quality of disclosure in our reporting by increasing the number of GRI performance indicators disclosed and assured by Ernst & Young year-on-year 93 indicators 86 indicators 75 indicators 63 indicators
Slide 27: PT Medco Energi Internasional Tbk
PT Medco Energi Internasional Tbk The Energy Building 53rd Floor SCBD Lot 11A Jl. Jend. Sudirman, Jakarta 12190 Indonesia P. +62-21 2995 3000 F. +62-21 2995 3001 E. investor.relations@medcoenergi.com Website : www.medcoenergi.com
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