GAZPROM INVESTOR DAY GAS BUSINESS FEBRUARY 2015 HONG KONG, SINGAPORE
AGENDA PRESENTATION SPEAKERS Strategy Upstream Dmitry Lyug ugai ai Vsevol olod Cherepano anov Member of Gazprom Management Committee Member of Gazprom Management Committee Head of the Department Head of the Department Export Finance Andrey Kruglov glov Alexand ander Medvedev Deputy Chairman of Gazprom Management Committee Deputy Chairman of Gazprom Management Head of the Department Committee Power Generation Oil Business Denis is Fedorov Alexei i Yankevic ich Member of the Management Board of Gazprom Neft Head of Gazprom Directorate General Director of Gazprom Energoholding Deputy CEO for Economics and Finance of Gazprom Neft Project Finance Oleg Nagov ovit itsyn General Director of Gazprom Investproject INVESTOR DAY 2015 2 HONG KONG, SINGAPORE
DISCLAIMER This presentation has been prepared by OJSC Gazprom and its consolidated subsidiaries (the Company) , and comprises the slides for a presentation to investors concerning the Company. This presentation does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any shares or other securities representing shares in the Company, nor shall it or any part of it nor the fact of its presentation or distribution form the basis of, or be relied on in connection with, any contract or investment decision. No reliance may be placed for any purposes whatsoever on the information contained in this presentation, or any other material discussed at any presentation or on its completeness, accuracy or fairness. The information in this presentation should not be treated as giving investment advice. Care has been taken to ensure that the facts stated in this presentation are accurate, and that the opinions expressed are fair and reasonable. However, the contents of this presentation have not been verified by the Company. Accordingly, no representation or warranty, express or implied, is made or given by or on behalf of the Company or any of its members, directors, officers or employees or any other person as to the accuracy, completeness or fairness of the information or opinions contained in or discussed at this presentation. None of the Company or any of their respective members, directors, officers or employees nor any other person accepts any liability whatsoever for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection therewith. The information in this presentation includes forward-looking statements. These forward-looking statements include all matters that are not historical facts, statements regarding the Company’s intentions, beliefs or current expectations concerning, among other things, the Company’s results of operations, financial condition, liquidity, prospects, growth, strategies, and the industry in which the Company operates. By their nature, forward-looking statements involve risks and uncertainties, including, without limitation, the risks and uncertainties to be set forth in the prospectus, because they relate to events and depend on circumstances that may or may not occur in the future. The Company cautions you that forward looking statements are not guarantees of future performance and that its actual results of operations, financial condition and liquidity and the development of the industry in which the Company operates may differ materially from those made in or suggested by the forward-looking statements contained in this presentation. In addition, even if the Company’s results of operations, financial condition and liquidity and the development of the industry in which the Company o perates are consistent with the forward-looking statements contained in this presentation, those results or developments may not be indicative of results or developments in future periods. The information and opinions contained in this presentation are provided as at the date of this presentation and are subject to change without notice. No person is under any obligation to update or keep current the information contained herein. By attending the presentation you agree to be bound by the foregoing limitations. INVESTOR DAY 2015 3 HONG KONG, SINGAPORE
5 STRATEGY 19 UPSTREAM 26 EXPORT 37 FINANCE INVESTOR DAY 2015 4 HONG KONG, SINGAPORE
STRATEGY DMITRY LYUGAI MEMBER OF GAZPROM MANAGEMENT COMMITTEE – HEAD OF THE DEPARTMENT INVESTOR DAY 2015 5 HONG KONG, SINGAPORE
GAZPROM AT A GLANCE SHORT OVERVIEW Gazprom is a Russian global History energy company 1906 1906 First commercial gas production from Russian gas field – “ Dagestanskye Ogni ” ( Derbent city) Its majo jor busines iness lines es are: 1943 1943 First Russian trunk gas pipeline “ Buguruslan- Kuybyshev (Samara)” Geological exploration 1948 1948 Natural gas production department set up at the Ministry of oil industry Production Transportation and Storage 1965 1965 USSR Gas Industry Ministry established Processing and sales of gas, gas 1973 1973 First Russian gas delivered to Europe condensate and oil 1989 1989 USSR Gas Industry Ministry restructured into Gazprom State Gas Concern Sales of gas as a vehicle fuel 1993 1993 ON THE BASIS OF GAZPROM STATE GAS CONCERN RUSSIAN JOINT-STOCK Generation and marketing of heat and COMPANY "GAZPROM" (RAO "GAZPROM") WAS ESTABLISHED electric power WHICH WAS TRANSFORMED IN 1998 INTO OPEN JOINT-STOCK COMPANY GAZPROM is involved in hydrocarbon "GAZPROM" (OAO "GAZPROM") exploration and production projects in more 2005 2005 Gazprom acquired “Gazprom neft ” (formerly “ Sibneft ”) than 10 foreign countries, incl. Algeria, Bolivia, Bosnia and Herzegovina, Great Britain, 2007-2009 2007 2009 Gazprom entered into the energy business Hungary, Venezuela, Vietnam, Iraq, ( consolidated under “Gazprom Energoholding”) Kyrgyzstan, Romania, Tajikistan, Uzbekistan. Achievements for 22 years Gazprom revenue structure 1 1993 1993 2013 2013 12 12 546 OIL AND GAS 8.6 NEW GAS GAS CONDENSATE RESERVES GAS 24% PRODUCED PRODUCED DISCOVERED tcm mm tons tcm 100% OIL 7% 69% POWER 33 THOUSAND KM OF NEW PIPEL PELINES BUILT 1 According to International Financial Reporting Standards (IFRS) SOURCE CE: GAZPR PROM DATA INVESTOR DAY 2015 6 HONG KONG, SINGAPORE
GAZPROM IN FIGURES Gas reserves Oil and gas condensate production #1 #1 WORLD #1 #1 RUSSIA IA Gazprom gas reserves RUSSIA IA (A+B+C 1 ) – 36 tcm, Gazprom Group oil and gas incl. onshore – 29 tcm, 72% condensate 17% offshore – 7 tcm production — 69 mm tons Number of active oil production 9% Gas production wells — 7,246 Gazprom Group gas #1 WORLD #1 #1 #1 RUSSIA IA production – 487 bcm Electric power and heat generation Number of active gas 73% production wells – 7,263 Total electric power generating capacity — 39 GW 14% Number of producing Total heat generating capacity — 73 Tcalh fields – 131 Total electric power generated — 163 billion kWh Total heat generated — 113 mm Gcal Gas transport system Marketing Length of Gazprom’s trunk pipelines in Russia – 169 thousand km Largest gas export company Aggregate active capacity of 26 UGSF 1 in Russia – over 70 bcm European gas market share — 30% Access to active capacity of UGSF in Europe – above 4 bcm Russian gasoline station oil product sales share — 13% Natural gas transported via GTS 2 in Russia – 659 bcm Russian electric power generation share — 15% Gas processing Personnel Processing volumes – 32 bcm Number of employees — 459,500, including: Gas processing capacity – 54 bcm gas production, transportation, underground storage and processing subsidiaries — 228,600 Oil and gas condensate refining – 66 mm tons Gazprom neft — 62,800 Gazprom Energoholding — 50,800 overseas companies — 27,400 1 Underground gas storage facility All figures are dated of 31.12.2013 2 Gas transportation system Calorific value of natural gas = 8,850 kcal/m 3 (20 0 С ) SOURCE CE: GAZPR PROM ANNUAL REPO PORT 2013, GAZPR PROM IN FIGURES 2009-2013 FACTBOOK INVESTOR DAY 2015 7 HONG KONG, SINGAPORE
GAZPROM GROUP’S MISSION AND STRATEGIC GOAL RELIABLE, EFFICIENT AND BALANCED SUPPLY OF NATURAL GAS, OTHER ENERGY MISSION ION RESOURCES AND REFINED PRODUCTS TO CONSUMERS ESTABLISH ITSELF AS A LEADER AMONG GLOBAL ENERGY COMPANIES BY DIVERSIFYING STR TRATEGIC EGIC GOAL AL SALES MARKETS, ENSURING RELIABLE SUPPLIES, IMPROVING PERFORMANCE AND UTILIZING R&D POTENTIAL BUSINESS TYPE EXPLORATION AND PRODUCTION TRANSPORTATION AND STORAGE PROCESSING AND ENERGY PRODUCTION MARKETING AND SALES INVESTOR DAY 2015 8 HONG KONG, SINGAPORE
WORLD GAS DEMAND Share of natural gas in world total primary Natural gas consumption energy consumption by region 2030 FORECAS AST 2013 2013 20% 17% 26% 23% 3.6 3. 9% 3% 4% 24% tcm 13% 5% 6% 2013 2013 NORTH AMERICA 14% 19% LATIN AMERICA 30% OECD EUROPE OTHER EUROPE AND EURASIA 2030 FORECAS AST MIDDLE EAST 33% AFRICA 26% 24% 28% 25% ASIA OCEANIA 4.8 4. 5% 5% tcm GAS OIL COAL NUCLEAR RENEWABLES 12% 13% 16% INVESTOR DAY 2015 9 HONG KONG, SINGAPORE
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