RWE Dea. RWE Dea. Annual Press Conference. Financial Year Hamburg, March 8, 2007

Transcription

1 RWE Dea RWE Dea Annual Press Conference Financial Year 2006 Hamburg, March 8, 2007

2 RWE Dea in Fiscal

3 Price of Crude Oil (Brent) Monthly average prices $ /bbl /bbl

4 Prices and Exchange Rates Gas prices ICE London* and Cross-Border Germany** 50 /MWh Cross-border Germany ICE NBP * natural gas NBP first month ** Source: BAFA 4

5 RWE Dea Group Performance data Million Actual Actual Deviation Brent price in $/bbl $/ exchange rate Oil production in '000 m³ (Vn) Germany 1,231 1, Europe/CIS 1,493 2, North Africa/Middle East 1,081 1, Total 3,805 4, Gas production in million m³ Germany 2,233 2, Europe/CIS North Africa/Middle East Total 2,977 2,

6 RWE Dea Group External revenues Million Actual 2006 Actual 2005 Deviation Crude Oil 1, Natural Gas Other (of which operation storage facility) ( 67,0) ( 72.0 ) (- 5.0) RWE Dea Group 1, , of which in rest of RWE Group

7 Upstream Operating Result [Million ] [ /bbl] [$/bbl] RGJ 1992/ / / / / / / / / month projection Doubling of short fin. year 2001 Brent Crude $/bbl Brent Crude /bbl 7

8 RWE Dea Group Overall Results Million Actual Actual Deviation vs Operating profit Non-operating income Financial result Income before taxes Taxes Income after taxes Minority interests RWE share of net income for year

9 RWE Dea Group Investments (additions to assets) Million Actual 2006 Actual 2005 Germany Europe/CIS North Africa/Middle East Other Exploration Pool - - RWE DeaGroup * inkle: neutral provision formation acc. To IAS from actual 2006 exclusive provision formation acc. to IAS (actual 2006: 26.9 million ) 9

10 RWE Dea Group Balance Sheet Assets (million ) Total long-term short-term 12/31/2006 3,181 12/31/2005 3,116 2,671 2, Other assets (1) Cash & cash equivalents (2) Short-term receivables and other assets (3) (1) (2) (3) (1) (2) (3) Loan to RWE AG (4) (4) 1,000 1,000 (4) Long-term receivables and other assets, deferred taxes (5) Long-term financial assets Incl. equity (previous year) (6) (5) (6) (5) 6 93 (6) Intangibles/Property, plant & equipment (7) (7) 1,522 1,372 (7) 10

11 RWE Dea Konzern Balance sheet Liabilities (million ) Total long-term short-term 12/31/ /31/2005 3,181 3,116 1,085 1, Other short-term liabilities (1) Short-term provisions (2) Other long-term liabilities, including deferred taxes (3) (1) (2) (3) (1) (2) (3) Long-term provisions (incl. pensions 437, previous year 477) (4) (4) (4) Equity (Group share) (5) (5) 1,613 1,502 (5) Third-party holdings (6) (6) 3 3 (6) 11

12 RWE Dea Group Key value figures Million Deviation Ø Operating assets 1, , Operating profit ROCE in % Capital costs in % Value contribution in % Value contribution

13 RWE Dea Konzern Free Cash Flow Million Income after taxes Depreciation/ write-ups Decrease/ increase in provisions Other changes Net cash from operating activities Investments in fixed assets/imm. assets Free Cash Flow I Receipts from retirements of fixed assets Investments in financial assets Proceeds from KGM disinvestment Free Cash Flow II ,8 13

14 RWE Dea Activities at a glance 14

15 RWE Dea Activities in Northern Germany N V:\ gpgma \ Prints \ konz_nord \ Geschäftsbericht\ 2006\Nordd_14_12_06.ppt

16 Mittelplate Drilling and Production Island 16

17 Mittelplate Drilling and Production Island 17

18 Mittelplate A20 Well completion, schematic Submersible centrifugal pump Packer Reservoire relief volve Sensors Reservoire relief volve Sensors 233 m Perforation 670 m Perforation Packer 18

19 RWE Dea Activities in Lower Saxony 19

20 RWE Dea Activities in Northern Germany N V:\ gpgma \ Prints \ konz_nord \ Geschäftsbericht\ 2006\Nordd_14_12_06.ppt

21 RWE Dea Activities in the UK 21

22 RWE Dea Activities in the UK Development Projects: Saturn Feld/Rhea Ensco 80 / Production Test Rhea Hyperion Atlas Rhea 22

23 RWE Dea Activities in the UK Development of the Saturn fields Tethys and Mimas 23

24 RWE Dea Activities in the UK Development Project: Cavendish platform 24

25 RWE Dea Activities in the UK Development of the Gasfield Cavendish 25

26 RWE Dea Activities in Poland Overview Baltic Sea Poland Operator 26

27 RWE Dea Activities in Poland Poland South Exploration Well Ropa 2 27

28 RWE Dea Activities in Norway and Denmark Snøhvit 28

29 RWE Dea Activities in Norway Melkøya Island 29

30 RWE Dea Activities in Denmark 30

31 RWE Dea Aktivities in Egypt Overview 31

32 RWE Dea Activities in Egypt Exploration and production drilling program

33 RWE Dea Activities in Algeria 2006 Overview Repsol (optr.) 45% RWE Dea 30% Edison 25% M Sari Akabli Kahlouche-2 Reggane Nord Reggane-6 2D Seismik 33

34 RWE Dea Activities in Libya 2006 Overview Cyrenaica Ghadamis A1-NC193 B1-NC193 Sirte 2D/3D Seismik Murzuk Kufra 34

35 RWE Dea Activities offshore Malta 14 E 16 E 18 E Sicilia 36 N Area 6 Area 3 GOZO ITALY MALTA MALTA 200 m Area 3 Block 4 RWE Global Dea/ Petroleum Global Petroleum Area 3 Block 5 RWE Global Dea/ Petroleum Global Petroleum Mediterranean Sea 200 m Area 4 Area 2 TGS-NOPEC 1,000 m Area 1 TUNISIA Area 5 Pancontinental Area 4 Block 3 Pancontinental MALTA LIBYA Area 7 TGS-NOPEC 34 N 34 N 36 N E 16 E 18 E Km

36 RWE Dea Reserves / Contingent Resources in mn m3 Oil Equivalents, Status Dec nn Contingent Resources Gas Oil Total bb Reserves Gas Oil Total nn

37 Crude Oil Supply Germany Kazakhstan 7% Russia 33% Azerbaijan 2% Norway 15% Others 1% Venezuela 1% Africa - others 4% Nigeria 3% United Kingdom 12% Libya 11% Europe - others 2% Germany 3% Syria 3% Saudi Arabia 3% Source imports: BAFA, figures for Dec. 05 Nov. 06

38 Company Integrated Management System Workplace Safety Health Integration of Requirements Environmental Protection Plant Safety Quality CIMS 38

39 RWE Dea certified 39

40 RWE Dea Investments in mn approx p.a. 40

41 Workforce 41

42 RWE Dea RWE Dea Annual Press Conference Financial Year 2006 Hamburg, March 8, 2007