Slide 1: Financial Results for the nine months ended September 30, 2023 & Financial Forecasts for FY2023
Financial Results for the nine months ended September 30, 2023 & Financial Forecasts for FY2023 Director, Managing Executive Officer, Senior Vice President, Finance & Accounting Daisuke Yamada
Slide 2: Cautionary Statement
Cautionary Statement This presentation includes forward-looking information that reflects the plans and expectations of the Company. Such forward-looking information is based on the current assumptions and judgments of the Company in light of the information currently available to it, and involves k
Slide 3: Highlights of the Consolidated Financial Results for the nine months ended September 30, 2023
Highlights of the Consolidated Financial Results for the nine months ended September 30, 2023 3Q FY2022 3Q FY2023 Change % Change Average crude oil price (Brent) ($/bbl) 102.48 81.94 (20.54) (20.0%) 9.94yen 7.7% Average exchange rate (¥/$) 128.30 138.24 depreciation depreciation 132.70 16.88yen 12.7
Slide 4: Analysis of Net Income (3Q FY2022 vs 3Q FY2023)
3Q FY2023 Analysis of Net Income (3Q FY2022 vs 3Q FY2023) (Billions of Yen) +13.7 Increase in exploration expenses: (0.8) Increase in provision for explorations Main factors for change: 3Q FY2022 Eagle Ford: +18.2 (other expense): (9.6) Decrease in divestment gain 3Q FY2023 Prelude: (75.6) (Lucius,
Slide 5: FY2023 Revision of Financial Forecasts
FY2023 Revision of Financial Forecasts Financial Forecasts for the year ending December 31, 2023 Previous forecasts Revised forecasts Change % Change (August 9, 2023) (November 9, 2023) 80.0 82.7 Crude oil price (Brent) （US$/bbl） 1st half (Jan-Jun)：79.9 1st half (Jan-Jun)：79.9 2.7 3.4% 2nd half (J
Slide 6: FY2023 Financial Forecasts Analysis of Net Income (Previous forecasts vs Revised forecasts)
FY2023 Financial Forecasts Analysis of Net Income (Previous forecasts vs Revised forecasts) Market factors Business Activities factors Other factors (Billions of Yen) +22.7 Billions of Yen +3.4 Billions of Yen (6.1) Billions of Yen Market factors 350 Crude Oil Price(Brent) $80.0 → $82.7 3.4 1.0 11.7
Slide 7: FY2023 Cash Flow Forecast
FY2023 Cash Flow* Forecast Previous forecasts Previous forecasts Previous forecasts Revised forecasts Change (Billions of Yen) (February 9, 2023) (May 10, 2023) (August 9, 2023) (November 9, 2023) Development expenditure (Oil & Gas Business) 349.0 342.0 347.0 213.0 (134.0) Development expenditure (5
Slide 8: ROIC by segment
ROIC by segment Consolidated financial O&G Domestic O&G Overseas Ichthys O&G Overseas Others Others statements Net income attributable to owners 45.9 234.1 57.6 (13.9) 320.0 of parent（billions of yen） Previous forecasts ROIC 18.0% 8.0% 6.8% (2.4%) 7.7% (August 9, 2023) Invested capital*¹（billions of
Slide 9: Appendix
Appendix INPEX
Slide 10: Balance Sheet
Balance Sheet December 2022 September 2023 Change % Change Summary of financial information for Ichthys (Billions of yen) downstream Incorporated Joint Venture (100% Current assets 729.4 966.8 237.4 32.5% basis, including the Company’s equity share 66.245%) Tangible fixed assets 2,473.1 2,568.6 95.5
Slide 11: Statement of Income
Statement of Income 3Q FY2022 3Q FY2023 Change % Change (Billions of Yen) Increase in sales volume: +63.0 Net sales 1,698.7 1,601.8 (96.9) (5.7%) Decrease in unit price: (262.5) Exchange rate: +102.7 Cost of sales 681.3 654.5 (26.8) (3.9%) Others : (0.1) Gross profit 1,017.3 947.2 (70.0) (6.9%) Cost
Slide 12: 3Q FY2023 Net Sales
3Q FY2023 Net Sales (Billions of Yen) Product 3Q FY2022 3Q FY2023 Change % Change Crude Oil 4.5 3.5 (1.0) (23.0%) Natural Gas (excluding LPG) 143.2 180.4 37.1 25.9% Japan LPG 0.0 - (0.0) (100.0%) Other 7.1 5.6 (1.4) (20.7%) Total 154.9 189.5 34.6 22.3% Crude Oil 156.3 148.1 (8.2) (5.3%) Natural Gas
Slide 13: 3Q FY2023 Sales Volume
3Q FY2023 Sales Volume Product 3Q FY2022 3Q FY2023 Change % Change Crude Oil (thousand bbl) 452 322 (130) (28.8%) Natural Gas (excluding LPG) Japan (million cf) 71,139 71,654 515 0.7% LPG (thousand bbl) 1 - (1) (100.0%) Crude Oil (thousand bbl) 11,357 13,220 1,862 16.4% Australia & Natural Gas (excl
Slide 14: 3Q FY2023 Net Production Volume
3Q FY2023 Net Production Volume* Product 3Q FY2022 3Q FY2023 Change % Change Crude Oil (thousand bbl) 727 694 33 4.5% Natural Gas (excluding LPG) 27,744 26,269 1,475 5.3% Japan (million cf) Iodine (ton) 412 410 2 0.6% Electric power generation 164 158 6 3.8% (million KWh) Australia & Crude Oil (thou