Etablissements Maurel & Prom Sa · EURONEXT:MAU
Etablissements Maurel & Prom Sa — Maurel & Prom — FY2013 Earnings Presentation
19 slides from Etablissements Maurel & Prom Sa's earnings presentation, Mar 27, 2014
Slide 1: Management presentation FY 2013
A world of opportunities Management presentation FY 2013 27 March 2014
Slide 2: Profile
A world of opportunities • STORY • LOCAL PRESENCE PROFILE • ORGANISATION 2
Slide 3: Story
STORY Listing of MP Acquisition of OMLs Seplat operator of Nigeria 4, 38 and 41 the OMLs in Paris 15 29 January 12 December 15 December April 2010 August 2010 October2009 2010 2011 2011 MP Nigeria, wholly owned Production restart MP Nigeria by Maurel & Prom becomes independent Entry Entry in Sale of
Slide 4: Local presence
LOCAL PRESENCE Canada + via Saint-Aubin Energie Gaspésie [13 permis) 1892 km? 34% via Saint-Aubin Energie Alberta (12 permis) 31 km? 17% Bloc M2 9 652km? 27% via SEPLAT OML 4,38 et 41 2650kn 14% OML 56 [via Newton) 12%
Slide 5: Organization
ORGANIZATION MPI as of 27th march 2014 40% 30.1% 66.7% CARDINAL SEPLAT Saint-Aubin Energie NEWTON MP EAST ASIA MP QUEBEC MP WEST CANADA 45% 40% 40% 50% 25% 20% 13 12 Deep OML 4,38 OML 56 Bloc M2 licenses licenses Well Oil and 41 Gaspésie Alberta & Gas Nigeria Myanmar Canada 5
Slide 6: Results
A world of opportunities • KEY FIGURES RESULTS 6
Slide 7: Key Figures
Key Figures In M€ 31/12/2013 31/12/2012 31/12/2011 Operating income 29 (2) (2) Financial income 4 5 10 Equity-accounted 165 48 12 companies Net income 196 51 18 Cash at 226 106 178 31/12/2013 Debt - - - The figures presented as at 31/12/2013 have been restated using the equity method 7
Slide 8: Assets, Objectives, Strategy
A world of opportunities • ASSETS • OBJECTIVES 2014 • STRATEGY 8
Slide 9: Nigeria
NIGERIA SEPLAT SEPLAT today Production increase: target Significant reserves (P1+P2 SEPLAT share) of 70,000 bopd at end 2014 Oil : 111 million barrels Gaz : 663 bcf First exploration Limited potential risk (C1+C2 SEPLAT share) well : Oil : 61 millions de barils OGEGERE-1 Gaz : 105 bcf Continuing inc
Slide 10: SEPLAT: dual listing
SEPLAT : dual listing In Lagos : to maintain the status of indigenous society In London : the specialised place for oil industry A capital increase around US$450m Shareholder loan to be repaid by Seplat: $47m 10
Slide 11: Nigeria
NIGERIA OML 4, 38, 41 and 56 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 OML 56 June 2013 : SEPLAT aquired a 40% stake in OML 56 11
Slide 12: Nigeria: acquisition targets
NIGERIA: acquisition targets 12
Slide 13: Myanmar
MYANMAR BLOC 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% 13
Slide 14: Canada: Québec
CANADA Québec 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 14
Slide 15: Canada: Alberta
CANADA Alberta 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 &
Slide 16: Strategy
STRATEGY •Support to SEPLAT’s development •Facilitation of its access to the british and the nigerian capital markets •Continued exploration in Myanmar Mid term •Pilot in Canada (Alberta), first production for mid 2014 •Become an international player in energy and •First stratigraphic wells in natur
Slide 17: Financial items
A world of opportunities • STOCK PRICE FINANCIAL • CONTACT ITEMS 17
Slide 18: Stock price
STOCK PRICE Code ISIN : FR0011120914 - MPI NYSE EURONEXT PARIS 5,00 4 500 000 4,50 4 000 000 4,00 3 500 000 3,50 3 000 000 3,00 2 500 000 2,50 2 000 000 2,00 1 500 000 1,50 1,00 1 000 000 0,50 500 000 - - volume cours de bourse Number of shares : 115 336 534 Treasury shares: 4 348 542 Outstanding sh
Slide 19: Contact
CONTACT 51 rue d’Anjou 75008 Paris FRANCE +33 (0)1 53 83 55 44 www.mpienergy.com ir@mpienergy.com 19