Pt Medco Energi Internasional Tbk · IDX:MEDC
Pt Medco Energi Internasional Tbk — Q1 2023 Earnings Presentation
26 slides from Pt Medco Energi Internasional Tbk's earnings presentation
Slide 1: PT Medco Energi Internasional Tbk
PT Medco Energi Internasional Tbk (IDX Ticker: MEDC)
Slide 2: Contents
Financial Data Q1 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: Q1 2023 Consolidated Financials
Profit & Loss (US$ mn) Q1 2023 Q1 20221 YoY ∆% Balance Sheet (US$ mn) Q1 2023 Q1 20221 YoY ∆% Revenue 558 471 18 Cash and cash equivalents2 683 537 27 - Oil and gas 445 437 2 Investments 1,507 1,276 18 - Power 111 31 255 Fixed Assets 2,936 3,422 (14) - Others 2 3 (31) Total Assets 6,835 6,996 (2) DD
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 23 250 119 144 35 80 79 63 70 20 128 47 6 45 25 3 19 31 2 6 29 7 11 38 34 39 8 37 15 16 9 3 2020 2021 2022 Q1 2023 2020 2021 2022 Q1 2023 5 2023 Guidance 2023 Guidan
Slide 6: Operational Data
Operational Data
Slide 7: Oil and Gas Statistics
Q1 Q1 YoY FY FY YoY Net 2P Reserves, MMBOE Metrics 2023 2022 ∆% 2022 2021 ∆% Q1-23 Production1 2P RLI : 9.0x Oil, MBOPD 32.5 32.7 (0.6) 33.5 34.4 (2.6) 5-yr 2P RRR :1.7x 5-yr 2P FD&A : US$6.2/boe Gas, MMSCFD 722.9 510.4 41.6 704.1 319.7 120.3 125 20 481 13 13 456 Lifting/Sales 389 52 Oil Lifting, MB
Slide 8: Reserves and Resources
As of March 31, 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 20,009 597,559 128,139 33,621 828,176 184,284 41,545 1,414,639 297,048 East & Central Indonesia 1
Slide 9: Indonesia Assets
Indonesia Assets Working Acreage Q1 2023 Production Asset Expiry Operator Partner Type of Contract Interest (Km2) (MBOEPD) Repsol (Corridor) Ltd. 36%, PSC Cost Recovery (until Corridor 54.0%/46.0% 2023/2043 2,084 78.7 MedcoEnergi Pertamina Hulu Energi Corridor 10% 2023)/Gross Split (until 2043) Seno
Slide 10: International Assets
International Assets Q1 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 7.8 MedcoEnergi Service Contract Oil&Gas 5%, PetroVest 4% Thailand Bualuang 1
Slide 11: Indexed Price GSA
Length/ Asset Customer Agreement Date Commitments Expiry South Natuna Sea Block SembGas Total Contract Quantity (TCQ) 2,888 TBTU, Maximum Daily Quantity (MDQ) 267 BBTUD Gross. A Key Terms Sheet was signed with 1 15-Jan-1999 15-Jul-2028 B Singapore SembCorp for a second gas sales contract to Singapor
Slide 12: Indexed Price GSA
Length/ Asset Customer Agreement Date Commitments Expiry 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 (D
Slide 13: Indexed Price GSA
Length/ Asset Customer Agreement Date Commitments Expiry 1 Corridor GSPL Singapore 12-Aug-2023 Contract extended to December 2028 31-Dec-2028 9- Aug-2004 2 Corridor PGN West Java Original Contract Quantity of 2,310 TBTU. Remaining Contract Quantity (31-Dec-2021) of 289 TBTU. DCQ 2022 412 BBTUD. 30-S
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 Costs Taxable Income Taxable Income Income Tax Income Tax Government Contractor Government Contractor 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 - Indonesia
Share to Contractor2 Contract Area Type 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 35.00 40
Slide 17: Share to Contractor - International
Share to Contractor1 Contract Area Type Type Location Contract Expiry Date Profit Crude Oil (%) Profit Natural Gas (%) Libya - Area 47 EPSA IV Libya 5-year exploration stage and 25- 6.85 6.85 year production stage following exploration period Oman - Karim Small Fields Service Agreement The Sultanate
Slide 18: Debt Info
MEDCOENERG! Debt Info
Slide 19: Restricted Group Debt and Medco Power Debt
Restricted Group Debt (US$ mn) Medco Power Debt (US$ mn) Bullet Payments Instalment 701 580 502 397 625 424 245 255 35 95 165 211 98 161 60 68 70 38 39 76 78 29 27 1 23 31 41 28 37 16 2023 2024 2025 2026 2027 2028 2023 2024 2025 2026 2027 2028 onwards Onwards 19
Slide 20: Medco Power Indonesia
Medco Power Indonesia
Slide 21: Medco Power Statistics
Q1 Q1 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 IPP Sold, GWh 1,053 837 25.8 3,993 2,718 46.9 638 638 2,288 939 Renewables, GWh 212 212 0.0 855 871 (1.8) 638 Non Renewables, GWh 841 625 34.6 3,138 1,847
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) Q1 Q1 YoY FY FY YoY 31/12/2022 Metrics 31/12/2022 2023 2022 ∆% 2022 2021 ∆% Production 14,000 15,575 Copper, Mlbs 91.4 93.4 (2.2) 463.9 233.7 98.5 Gold, Kozs 150.0 168.5 (11.0) 730.7 156.5 367.
Slide 24: ESG
ESG
Slide 25: 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 26: 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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