Santos Limited · ASX:STO
Santos — Investor Day (November 2003)
18 slides from Santos's investor day presentation, Nov 26, 2003
Slide 1: Wilf Lammerink
Wilf Lammerink Santos . Disclaimer & Important Notice J unless otherwise Stated, / Santos
Slide 2: Disclaimer & Important Notice
Santos Disclaimer & Important Notice J unless otherwise Stated, / Santos
Slide 3: Quality of assets / Rate of growth
Quality ofassets { Santos Rate of growth | pepladement ists Quality of assets Santos
Slide 4: 2004-2006 Targets
2004- 2006 Targets roe RGN growth pe SLi ee a. oes 40% Replacement cost shrinks cost UGS A Santos Production - Industry Context 99 te ae tie oe 0s o Organic oon ower: MeA drives Peas A “Santos
Slide 5: The Business Context
The Business Context Santos Production Outlook industry Growth 92 94 95 6 97 98 99 00 0) 0 03 os Oe co 07 os Santos
Slide 6: Production Profile
Production Profile Approved Development Santos
Slide 7: Cash Flow - Industry Context
Cash Flow ~ Industry Context |) Gash flow per share growth Santos Cash Flow Growth Outlook | Qnereting Cashtiow (<'m) | erencYy Santos
Slide 8: Leverage and Returns
Leverage and Returns Debt/net debt and equity Santos
Slide 9: Disclaimer & Important Notice
Disclaimer & Important Notice J unless otherwise Stated, / Santos
Slide 10: Cost Definition
Cost Definition i if ee ke ae, ating, BY COOrHE: SOMA SD expense Pils SNOT ANON EXDENSE TON AIECESSIUT EN OITS COME BIIES Production Costs Ale) 2005(es!) 2006(es)
Slide 11: Secondary Taxes
Secondary Taxes mdary Royalty PRRT PSC Sei i Tax Regime Indonesi contract ti Fe ie e . of F / ue , a ¢ head « 10.
Slide 12: Exploration Write Offs
Exploration Write Offs Exploration Write Offs cont eo Write: off £ transter) ye Ooestenure F over the licence area exist? ta depiction pool ‘Write off } transfer 2 Write off deficit / transfer to depletion poo! Santos
Slide 13: International Accounting Standards Standard
International Accounting Standards 7 Standard Mioumity: j BEM EGuionieH 7 ThS 19 Employee Benefits Mss os Preseniatons 2 0) Change Assets Liabilities Opening P/L Retained Earnings ASS es A aiecs is forks aneti Surpluses 6+ deficiencies in defiried benefit paris brought te account Expense Share based
Slide 14: Discovered Reserves
. R Discovered eserves Commercial Contingent Discovered Resources Prospective Resources Undiscovere wit Unrecoverable Santos Uses The SPE/WPC Reserves / Resource Classification On production Under development Planned for development Development pending Development on hoid Development not viable Pros
Slide 15: Reserves Review Process
Reserves Review Process Change Factor Test Reserves Review Santos Reserves Committee Audit Committee Review/Board
Slide 16: Summing Up
Summing Up
Slide 17: Climbing The Mountain
Ssantes Climbing The Mountain es * People &:culture +Qrganisation Sebi tm
Slide 18: Why Santos?
Why Santos? Strong dividend yiel