新奥股份：Santos2019年半年度报告公告（英文）.PDF

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1、 22 August 2019 Santos reports record interim underlying profit of$411 million and 71%increase in interim dividend Half-year(US$m)2019 2018 Change Product sales 1,974 1,680 18%EBITDAX1 1,260 883 43%Underlying profit1 411 217 89%Net profit/(loss)after tax 388 104 273%Free cash flow1 638 367 74%Interi

2、m dividend(UScps)6.0 3.5 71%Santos today announced its half-year results for 2019,reporting both record EBITDAX and underlying profit.The Board has resolved to pay an interim dividend of US6.0 cents per share fully-franked,an increase of 71%over the previous interim dividend.The dividend is in-line

3、with Santos sustainable dividend policy which targets a range of 10%to 30%payout of free cash flow.Santos Managing Director and Chief Executive Officer Kevin Gallagher said:“Todays announcement of half-year results demonstrates the strength of our cash-generative operating model and the successful i

4、ntegration of the Quadrant acquisition.”“Santos has delivered strong interim financial results with EBITDAX1 up 43%to a record US$1.3 billion and free cash flow1 up 74%to US$638 million.Underlying profit1 after tax increased by 89%to a record US$411 million.“Consistent application of our disciplined

5、 operating model continues to deliver cost reductions and efficiencies,with normalised production costs2 down 5%to US$7.27/boe.“Our forecast free cash flow breakeven oil price for 2019 is now reduced to US$31 per barrel,in-line with 2018 notwithstanding higher capex this year.Every US$10 per barrel

6、increment in average oil price above our free cash flow breakeven increases annual free cash flow by between US$300 million to US$350 million.“Todays results also demonstrate the successful integration of our Western Australian business following the acquisition of Quadrant.We are today increasing g