Oil & Gas Development Co. Ltd. · PSX:OGDC
Oil & Gas Development — FY2008 Earnings Presentation
11 slides from Oil & Gas Development's earnings presentation, Aug 20, 2008
Slide 1: OGDCL Full-Year Results FY2008
OGDCL Full-Year Results FY2008 (July 2007 – June 2008) 20 August 2008
Slide 2: Forward Looking Statements
Forward Looking Statements During the course of this conference call we may make forward-looking statements regarding future events or the future performance of the company. By their very nature, forward looking statements involve inherent risks and uncertainties, both general and specific and risks
Slide 3: Group Overview
Group Overview As of 30th June 2008 (or as indicated); Location of Major OGDCL Operations ¾ Largest exploration and production company in Pakistan’s oil and gas sector ¾ Largest exploration acreage in Pakistan, covering 32% of the total acreage awarded ¾ Largest portfolio of net hydrocarbon reserves
Slide 4: Full Year FY07/08 Audited Results Highlights - Consolidated
Full Year FY07/08 Audited Results Highlights - Consolidated ¾ Net sales up 25% to Rs 125.908 billion ¾ Operating profit margin and net profit margin stood at 59% and 35% respectively ¾ Earnings per share of Rs 10.31 against Rs 10.52 ¾ Net crude oil production of 43,434 barrels per day, net gas produ
Slide 5: Full Year FY07/08 Audited Results Highlights - OGDCL Only
Full Year FY07/08 Audited Results Highlights - OGDCL Only ¾ Net sales up 25.1 % to Rs 125.446 billion ¾ Operating profit margin and net profit margin stood at 60% and 40% respectively ¾ Earnings per share of Rs 11.54 against Rs 10.61 ¾ Net crude oil production of 43,434 barrels per day, net gas prod
Slide 6: Operational Update
Operational Update ¾ During the FY2008, crude oil production increased by 1,931 barrels per day compared to FY2007. Crude oil production increased by 4.7% mainly due to production from Mela-2, Chanda-2, Pasakhi East-1, Moolan North-1 and Chak-66 NE-1. ¾ Gas production from fields including productio
Slide 7: Exploration and Development Activity
Exploration and Development Activity ¾ 31 wells spudded, comprising 13 exploratory / appraisal and 18 development wells ¾ Two new exploration blocks (Eastern Offshore Indus – A and Shaan) were added to OGDCL’s existing blocks during FY 2008 ¾ Five new discoveries namely Moolan-1, Moolan N-1, Pasakhi
Slide 8: Group's Financial Snapshot
Group’s Financial Snapshot 130,000 25% 120,000 3.5% 110,000 100,000 90,000 80,000 RS (Millions) 70,000 - 2.0% 60,000 50,000 40,000 2.3% 30,000 -10.7% 20,000 10,000 0 Net sales Operating Exploration & NPAT expenses Prospecting Exp. FY 2007 FY 2008 8
Slide 9: Group's Financials
Group’s Financials % % In Pkr 000,000s 1H FY07 1H FY08 FY 2007 FY 2008 Change Change Net Sales 49,676 56,822 14.4 100,733 125,908 25 Operating profit margin (%) 59 59 - 56 59 4.9 EBITDA margin (%) 70 69 (1.1) 67 69 3.6 Net profit margin (%) 46 42 (8.1) 45 35 (21.6) Profit after tax 22,925 24,093 5.1
Slide 10: Company's Financials
Company’s Financials % % In Pkr 000,000s 1H FY07 1H FY08 FY 2007 FY 2008 Change Change Net Sales 49,526 56,568 14.2 100,261 125,446 25.1 Operating profit margin (%) 59 59 - 57 60 4.4 EBITDA margin (%) 70 69 (1.1) 68 70 3.6 Net profit margin (%) 47 42 (9.1) 46 40 (13.1) Profit after tax 23,113 24,002
Slide 11: Summary
Summary ¾ Focus on enhancing production ¾ Exploit offshore opportunities and develop in-house expertise – Cross Assignment Agreement with BP in Pakistan offshore blocks ¾ Selective international expansion ¾ Following international best practice 11
Oil & Gas Development Company Limited (OGDCL) — FY2008 Earnings Presentation on 6ix