Oil & Gas Development Co. Ltd. · PSX:OGDC
Oil & Gas Development — FY2009 Earnings Presentation
10 slides from Oil & Gas Development's earnings presentation, Aug 13, 2009
Slide 1: OGDCL Full-Year Results FY2009
Presentation on OGDCL Full-Year Results FY2009 (July 2008 – June 2009) Thursday, August 13th 2009
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: Overview
Overview As at 30th June 2009 (or as indicated below); Location of Exploration Licences & Operations ¾ Largest exploration and production company in Pakistan’s oil and gas sector ¾ Largest exploration acreage in Pakistan, covering 30% of the total acreage awarded ¾ Largest portfolio of net hydrocarb
Slide 4: Full-Year FY08/09 Results Highlights
Full-Year FY08/09 Results Highlights ¾ Net sales up 3.9 % to Rs 130.830 billion. ¾ Operating profit margin and net profit margin stood at 59% and 42% respectively. ¾ Earnings per share of Rs 12.91 against Rs 10.31 ¾ Net crude oil production of 41,019 barrels per day, net gas production was 1,001 MMc
Slide 5: Operational Update
Operational Update ¾ Crude oil production from Company’s 100% owned fields and share in operated JV fields decreased by 3.3% (1,236 bopd) compared with last year. This decrease is mainly due to decline in production from our non-operated fields and a decline in Dhodak, Thora, Lashari, Bobi, Sono, Ta
Slide 6: Operational Update: Development Projects
Operational Update …. SINJHORO DEVELOPMENT PROJECT The project will enhance OGDCL production capacity by 2,100 bopd, 31 MMcfd of gas and about 138 M.Tons/day of LPG. Tenders for development of the field were advertised on February 20, 2009 however, the bidding process is held up under the Sindh High
Slide 7: Exploration and Development Activities
Exploration and Development Activities ¾ 30 wells spudded, comprising 14 exploratory / appraisal and 16 development wells ¾ As at June 30, 2009 OGDCL operated in 35 Exploration Blocks (22 blocks with 100% share and 13 blocks as operated JVs) including 4 Offshore Blocks, covering an area of 68,310.92
Slide 8: Financial Snapshot
Financial Snapshot 3.9% 140,000 FY 2007-08 FY 2008-09 120,000 100,000 Rs. (Millions) 80,000 25.3% 60,000 40,000 15.6% 12.8% 20,000 0 Net Sales Operating Expl. & NPAT Expenses Prosp. Expenses 8
Slide 9: Financials
Financials % % In Pkr 000,000s 1H FY07/08 1H FY08/09 FY 2007/08 FY 2008/09 Change Change Net Sales 56,822 71,940 26.6 125,908 130,830 3.9 Operating profit margin (%) 59 63 7.3 59 59 - EBITDA margin (%) 69 73 6.2 69 70 1.5 Net profit margin (%) 42 44 4.2 35 42 20.6 Profit after tax 24,093 31,781 31.9
Slide 10: Summary
Summary ¾ Strategic focus on enhancing reserves and production base ¾ Expeditious completion of development projects ¾ Selective international expansion ¾ Following international best practices 10
Oil & Gas Development Company Limited (OGDCL) — FY2009 Earnings Presentation on 6ix