Conocophillips · NYSE:COP
Conocophillips — Investor Presentation (March 2015)
17 slides from Conocophillips's investor presentation, Mar 24, 2015
Slide 1: Investor Update
Investor Update March 24, 2015
Slide 2: Cautionary Statement
ConocoPhillips Cautionary Statement The following presentation includes forward-looking statements. These statements relate to future events, such as anticipated revenues, earnings, business strategies, competitive position or other aspects of our operations, operating results or the industries or m
Slide 3: High-Quality Global Portfolio
High-Quality Global Portfolio 1,532 MBOED Production1 – FY14 North • Diversified asset base with significant scope and scale American 25% Liquids Gas • Multiple sources of growth LNG + 57% International 18% • Growing inventory of low cost of supply opportunities Gas • Large positions in key resource
Slide 4: Core Energy Holding
Core Energy Holding
Slide 5: Successfully Delivered on Our Commitments: 2012-2014
Successfully Delivered on Our Commitments: 2012-2014 Operational * 3% production compound annual growth rate! * Omajor project startups * 123% production growth from unconventionals * 5 deepwater exploration discoveries Financial * 9% cash margin compound annual growth rate 2 * 10% operating cash fl
Slide 6: Track Record of Value Creation
Track Record of Value Creation ConocoPhillips Integrated 6.2% Peer Average 4.1% Independent Peer Average S&P 500 Energy Y, RDS, TOT and dividends rei
Slide 7: 2015-2017: Managing Through Uncertain Price Outlook
2015 — 2017: Managing Through Uncertain Price Outlook 140 120 100 88 140 120 100 88 w Pu a Brent (>/55)) + Wide range of outlooks based on differing views of macro factors 112 109 99 * Global economic outlook { * Supply and demand response to low oil prices ; * Industry cost deflation WT! ($/bbl) *
Slide 8: What Wins in a Lower, More Volatile Price Environment?
What Wins in a Lower, More Volatile Price Environment? Asset Characteristics Role in Portfolio Stable source of funding to Diverse, low decline base sustain dividend Investment returns resilient Low cost of supply to lower prices Scalable growth in response to Flexible investment options . . higher
Slide 9: Capital Allocation for a Lower, More Volatile Price Environment
Capital Allocation for a Lower, More Volatile Price Environment Prior Plan ~$16B 7 Major Projects Strategy Drivers ~$11.5B ~$11.5B * Exploration: Limiting new access ‘Exploration Development Major Projects DECREASED Major Projects —— MAJOR —! | * Major Projects: Completing existing projects, deferri
Slide 10: Flexibility, Resilience and Growth for ~$11.5B
Flexibility, Resilience and Growth for ~$11.5B 2-3% PRODUCTION GROWTH 2014-2015 Average Capital ~$11.5B Production 1.7MMBOED - 18 Exploration 1.5MMBOED quem L 1.6 Major Projects _ 14 E 1.2 = Development + 10 € a 8 - 08 8 L 0.6 L 0.4 “base - 0.2 2015-2017 2014 2017
Slide 11: Disciplined Approach for the New World
Disciplined Approach for the New World Prior Plan New Plan Compelling dividend Compelling dividend Cash flow neutrality in 2017 Cash flow neutrality in 2017 Improve financial returns Improve financial returns Maintain “A” credit rating = Maintain “A” credit rating Annual capital of ~$16.0B Annual ca
Slide 12: 2015 Operational Priorities
2015 Operational Priorities Expect full-year production growth of 2 to 3 percent Alaska: Progressing CD-5, Drill Site 2S and 1H NEWS major projects Lower 48: Reduced developmentactivity in Eagle Ford, Bakken and Permian; pilot testing; ongoing exploration and appraisal in deepwater GOM Canada: Reduc
Slide 13: Core Energy Holding
Core Energy Holding * Strong “said/did” performance 2012 to 2014 * Positioned for extended period of lower, more volatile prices * Dividend remains top priority for capital allocation * Committed to cash flow neutrality in 2017 * Annual capital plan of ~$11.5 billion delivers sustainable growth * Fo
Slide 14: Q&A
Q&A
Slide 15: Appendix
Appendix
Slide 16: Non-GAAP Reconciliation
Non-GAAP Reconciliation Price Normalized Cash Margin per BOE - Operating Segments § Millions, except as indicated Cash margin is a performance measure we calculate as a ratio, the numerator of which is net income adjusted for the special items included in the following reconciliation; depreciation,
Slide 17: Investor Information
Investor Information Stock Ticker Investor Relations Contacts: NYSE: COP Telephone: +1 281.293.5000 Website: www.conocophillips.com/investor Ellen DeSanctis: el/[email protected] Sidney J. Bassett: sid. [email protected] Headquarters ViadimirR. dela Cruz: v.r.delacruz@conoc