International Petroleum : Latest corporate presentation
November 29, 2021 at 09:53 pm IST
Share
International Petroleum Corp.
Internationally Focused Upstream Company
November 2021
IPC
International Petroleum Corp.
Strongly Positioned to Create Shareholder Value
2021-2025
55
85%
17% p.a.
(4)
USD (3)
>740 MUSD FCF (1,2,3)
~45
Mboepd (1)
75
138%
28%p.a. (4)
USD (3)
Stakeholder Returns
Debt reduction, share buybacks & dividends
M & A
4 transactions in less than 4 years
Organic Growth
>1 Billion boe of contingent resources (1)
NC00223 p08 10.21
>1,200 MUSD FCF (1,2,3)
(1) See Reader Advisory. Estimates are based on IPC's 2021 CMD business plans.
(2) Non-IFRS measure, see Reader Advisory and Management Discussion and Analysis for the nine months ended September 30, 2021 (MD&A).
Actual prices 2021 year to date, with future Brent oil price assumption, escalating +2% p.a., Brent to Western Canadian Select (WCS) differentials as per IPC's independent reserves evaluator. Average gas price assumption of 2.5 CAD/mcf.
Average FCF yield based on IPC market capitalisation at close October 29, 2021 (48 SEK/share, 8.6 SEK/USD, 868 MUSD).
IPC
2
NC00223 p04 10.21
International Petroleum Corp.
2021 Production
2021 Production Guidance (1)
Guidance
International
Malaysia
16%
2021 Production guidance raised to >45,000 boepd
9.5%
France
(previously > 44,000 boepd)
6.5%
Canada Gas
Canada Other
37%
3 quarters in succession above original high end guidance
Suffield
5%
Ferguson
Gas
2%
Expect to exit 2021 > 46,000 boepd
Onion Lake
Thermal
Suffield Oil
23%
IPC Production
17%
Canada Oil
50
50
46
43.7
44.6
46.8
47%
46
High guidance 43
42
Low guidance 41
40
40
(Mboepd)
34
34
37
30
30
Production
Original guidance
20
range
Gas
10
11
10
Oil WCS
Oil Brent
9
0
2017
2018
2019
2020
Q1
Q2
2021
Q3
Q4
See Reader Advisory, including Supplementary Information regarding Product Types.
IPC
3
International Petroleum Corp.
2021 Operating Costs (1)
USD/boe
20
18
2021 Operating Costs:16
15.5 USD/boe guidance 14
12
10
operating costs
USD/boe
20
18
OLT turnaround
16
14
12
10
Q1 2021
Q2 2021
Q3 2021
Q4 2021
Actual
Actual
Actual
Forecast
NC00214 fin p17 08.20
Operating costs guidance for the year maintained at 15.5 USD/boe
Non-IFRSmeasure, see Reader Advisory and MD&A.
IPC
4
International Petroleum Corp.
2021 Operating Cash Flow (1)
220 MUSD
65 USD/bbl
(4/17)
165 MUSD
55 USD/bbl
(3/15)
107 MUSD
45 USD/bbl
(2/13)
335 MUSD 85 USD/bbl (3/12)
315 MUSD 75 USD/bbl (3/12)
226 MUSD
68 USD/bbl
(3/12.5)
NC00223 p05 10.21
CMD OCF
9 months
Full year revised
guidance
OCF guidance
Non-IFRSmeasure, see Reader Advisory and MD&A. Brent oil price assumptions, with Brent to WTI differential and WTI to WCS differential assumptions in brackets, in USD.
IPC
5
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International Petroleum Corporation published this content on 29 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 November 2021 16:20:09 UTC.
International Petroleum Corporation is a Canada-based oil and gas exploration and production company. The Company has a portfolio of assets located in Canada, Malaysia, and France. Its oil and gas assets in Canada are located in Alberta and Saskatchewan. The Suffield area oil and gas assets and the Ferguson oil asset are conventional assets located in southern Alberta. IPCâs principal assets in northern Alberta and Saskatchewan are the Blackrod and Onion Lake projects which are heavy crude oil assets applying conventional and steam assisted development methods. Onion Lake Thermal is a conventional heavy oil property located in the Lloydminster area in Saskatchewan. The Suffield area assets are conventional oil and gas assets held over a large, contiguous land position of 800,000 net acres of shallow gas rights and 100,000 net acres of oil rights. The Bertam field is located 170 kilometers offshore to the east of Peninsular Malaysia in Block PM307.