Oil & Gas Development Co. Ltd. · PSX:OGDC
Oil & Gas Development — H1 FY2010 Earnings Presentation
8 slides from Oil & Gas Development's earnings presentation, Feb 24, 2010
Slide 1: OGDCL Half-Year Results FY2010
Presentation on OGDCL Half-Year Results FY2010 (July 2009 – December 2009) 24 February 2010
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: Half Year FY09/10 Results Highlights
Half Year FY09/10 Results Highlights ¾ Net sales up 1.0% to Rs 72.633 billion ¾ Operating profit margin and net profit margin stood at 61% and 39% respectively ¾ Earnings per share of Rs 6.62 against Rs 7.39 ¾ Net crude oil production of 38,787 barrels per day, net gas production was 960 MMcf per da
Slide 4: Exploration and Development Activity
Exploration and Development Activity ¾ 08 wells spudded, comprising (04) exploratory, (01) appraisal and 03 development wells ¾ Provisional award of four new exploration Blocks, Channi Pull, Mari East, Jandran West and Lakhi Rud ¾ Four discoveries made during June – Dec 2009 at Nashpa (Nashpa-1), Gu
Slide 5: Operational Update
Operational Update ¾ During the HY2009/10, crude oil production decreased by 2,786 barrels per day (6.7%) as compared to HY2008/09. ¾ Gas production from its fields remained almost stable. ¾ LPG net production decreased by 12.8% during the period compared to same period last year. ¾ KPD-TAY & Sinjho
Slide 6: Company's Financial Snapshot
Company’s Financial Snapshot 1.0% 80,000 70,000 60,000 R S (M illio n s ) 50,000 10.3% 40,000 30,000 1.3% 20,000 34.8% 10,000 0 Net sales Operating Exploration & NPAT expenses Prospecting Exp. HY 2008/09 HY 2009/10 6
Slide 7: Company's Financials
Company’s Financials % % In Pkr 000,000s 1Q FY08/09 1Q FY09/10 HY 2008/09 HY 2009/10 Change Change Net Sales 41,384 31,826 (23.1) 71,940 72,633 1.0 Operating profit margin (%) 64 62 (4.2) 63 61 (3.4) EBITDA margin (%) 74 73 (0.6) 73 71 (2.2) Net profit margin (%) 46 38 (17.3) 44 39 (11.2) Profit aft
Slide 8: Summary
Summary ¾ Focus on enhancing production ¾ Exploit offshore opportunities and develop in-house expertise ¾ Selective international expansion ¾ Following international best practice 8
Oil & Gas Development Company Limited (OGDCL) — H1 FY2010 Earnings Presentation on 6ix