Etablissements Maurel & Prom Sa · EURONEXT:MAU
Etablissements Maurel & Prom Sa — Maurel & Prom International (MPI) — Investor Presentation (October 2013)
23 slides from Etablissements Maurel & Prom Sa's investor presentation, October 2013
Slide 1: Management Presentation
A world of opportunities MANAGEMENT PRESENTATION October 2013
Slide 2: Profile
A world of opportunities • HISTORY • LOCAL PRESENCE PROFILE • ORGANISATION 2
Slide 3: History
HISTORY Acquisition of Listing of MP OMLs 4, 38 Seplat operator Nigeria and 41 of the OMLs in Paris 15 29 January 12 December 15 December October2009 2010 April 2010 August 2010 2011 2011 MP Nigeria, Production MP Nigeria wholly owned restart becomes by Maurel & independent Prom Entry Entry in in My
Slide 4: Local Presence
LOCAL PRESENCE e@— Headquarters via Saint-Aubin Energie + Gaspé Peninsula (13 licenses) 1,892 km? 33% via Saint-Aubin Energie Alberta (12 licenses] 31 km? 17% Block M2 9,652 km? 27% via SEPLAT OML4,38and 41 2,650 km? 16% OML 56 [via Newton} 14%
Slide 5: Organization
ORGANIZATION MPI as of 30 August 2013 100% 35% 67% €245M of cash* SEPLAT Saint-Aubin Energie NO DEBT NEWTON MP EAST ASIA MP QUEBEC MP WEST CANADA 45% 40% 40% 50% 25% 20% 13 12 Deep OML 4,38 OML 56 Block M2 licenses licenses Well Oil and 41 Gaspé Alberta & Gas Nigeria Myanmar Canada * Including the10
Slide 6: Assets
A world of opportunities • NIGERIA • MYANMAR ASSETS • CANADA 6
Slide 7: Nigeria
NIGERIA 2010 OML 4, 38 and 41 SEPLAT owns 45% of OML 4, 38 and 41 the total area of the OMLs is about 2,650 km2 major producing fields are Oben, Ovhor, Sapele and Okporhuru daily production recognized by SPDC for first half has been 45,830 bpd (+56%) 7
Slide 8: Nigeria: Gross oil production from OMLs 4, 38 and 41
NIGERIA In bopd 70 000 60 000 50 000 40 000 30 000 20 000 10 000 0 Gross oil production from OMLs 4,38 and 41 8
Slide 9: Nigeria: OML 56 Acquisition
NIGERIA 2013 OML 56 SEPLAT aquired a 40% stake in OML 56 the marginal field Umuseti / Isbuku is located on OML 56 in the Niger Delta 10 mmbbls 2P reserves net of royalties recognized by SEPLAT significant gas potential Acquisition cost: $50M incl. two additional payments of $5M each, payable at diff
Slide 10: Production Targets
PRODUCTION TARGETS Oil in bopd 120 000 Objectives at year end 105-110 000 100 000 100 000 80-85 000 80 000 65-70 000 61 000 60 000 43 500 40 000 38 487 20 000 0 2011 2012 S1 2013 2013 2014 2015 2016 OMLs 4,38 et 41 (excluding gas and exploration) 10
Slide 11: Gas Project
GAS PROJECT Gross gas production mmscf/d bcf Seplat/NPDC 200 2 000 180 1 800 160 1 600 • Existing production capacity: 90 140 1 400 mmscfd 120 1 200 • Gas production potential: 180 mmscf/d 100 1 000 Need to create new facilities to treat the JV and the third parts gas 80 800 60 600 40 400 20 200 0
Slide 12: Myanmar
MYANMAR 2013 BLOCK M2 MP EAST ASIA owns 40 % of M2 block MP East Asia is a wholly-owned subsidiary of Saint-Aubin Energie Total area of 9,652 km² Located in the western Gulf of Martaban, close to A7, M3 and M5 blocks where gas was identified Partners: Petrovietnam 45% (operator) and Eden Group 15% 1
Slide 13: Canada: Gaspésie
CANADA 2013 GASPESIE Saint-Aubin Energie’s farm-in in 13 researsh licenses in Gaspé Peninsula Area : 1,892 km2 Objectives: unconventional reservoirs and conventional oil deposits Potential collaboration in other areas in Québec Pétrolia is the operator 13
Slide 14: Canada: Alberta
CANADA 2013 ALBERtA Acquisition of 20% stake in Deep Well Oil & Gas, a company listed in Toronto Farm-in for 50% of the shares held by Deep Well Oil & Gas in 12 blocks of the Peace River Oil Sands in Alberta (25% working interest for Saint-Aubin Energie) Option on 56 blocks where Deep Well Oil & Gas
Slide 15: Financial Items
A world of opportunities • STOCK PRICE FINANCIAL • KEY FIGURES ITEMS 15
Slide 16: Stock Price
STOCK PRICE Code : FR0011120914 - MPI NYSE EURONEXT PARIS Introduction price : 2.08 Average volume: 260,291 in euros volumes 4,5 4 500 000 4 4 000 000 3,5 3 500 000 3 3 000 000 2,5 2 500 000 2 2 000 000 1,5 1 500 000 1 1 000 000 0,5 500 000 0 0 16
Slide 17: Shareholders
SHAREHOLDERS 31/12/2012 By category Geographical breakdown of institutionals United Kindom Retail 1% France Institutions 25% 17% South Africa 36% 26% Treasury shares 3% United States 7% MACIF 14% 3% Rest of 29% Europe 12% Pacifico RoW Number of shares: 115,336,534 of which treasury shares: 3,444,752
Slide 18: Key Figures
KEY FIGURES En M€ 30/06/2013 31/12/2012 31/12/2011 EBIT (1) (2) (2) Financial income 2 5 10 Net income 21 48 18 Cash at bank 170 106 178 Cash at 245 30/08/2013 Debt - - - From December 2012, jointly controlled entities are accounted for by MPI using the equity method 17
Slide 19: Objectives
A world of opportunities • POSITIONING and STRATEGY OBJECTIVES 18
Slide 20: Positioning and Strategy
POSITIONING AND STRATEGY •Support to SEPLAT’s development •Facilitation of its acces to the british and the nigerian capital markets •Oil production > 60 000 bopd Mid term •Qualification in Iraq •Become an international •2nd exploration well in player in energy and Myanmar natural resources •Strengt
Slide 21: Other
A world of opportunities • BOARD • CONTACT OTHER 20
Slide 22: Board
BOARD Jean-François Hénin Michel Hochard Chairman CEO of MPI Chairman and CEO of Maurel &Prom CFO of Maurel & Prom Board members Augustine Ojunekwu Avuru Xavier Blandin Nathalie Delapalme MACIF, représentée par M. Olivier ARLES Emmanuel de Marion de Glatigny Ambrosie Bryant Chukwueloka Orjiako Alexa
Slide 23: Contact
CONTACT 51 rue d’Anjou 75008 Paris FRANCE +33 (0)1 53 83 16 00 www.mpienergy.com 22
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