#1EVELOPMENTS GAS 8 סור 8 COMPANY OGDCL Corporate Briefing November 25, 2020 OGDCL#2Forward Looking Statements DEVELOP GAS 710 MENT During the course of this presentation we may make forward-looking statements regarding future events or the future performance of the Company. These forward looking statements are subject to a variety of risks and uncertainties, both general & specific, and other factors that could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. Furthermore, OGDCL does not undertake any obligation to update or revise any of them, whether as a result of new information, future events or otherwise, other than that as required by applicable laws, the listing rules or prospectus rules of the United Kingdom listing authority, the Pakistani Capital Market's authority or the Pakistan Stock Exchange. When relying on forward looking statements you should carefully consider the political, economic, social and legal environment in which OGDCL operates. The documents filed from time to time with the above-stated listing authorities may identify important factors that could cause actual results to differ materially from those contained in any forward-looking statements. 2 COMPANY#3Scheme of Presentation Country Overview Pakistan Energy Dynamics Energy Supply Mix Oil & Gas Demand/Supply Gap Pakistan Oil & Gas Sector OGDCL Profile Net Reserves Wells Drilled Exploration Activities OGDCL's Market Leadership (Oil & Gas) Acreage Reserves Production Production Growth & Development Projects Operational Indicators Financial Strength Impact of COVID-19 on Global Crude Oil Price and Production Curtailment CSR Activities DEVELOP GAS MENT 710 COMPANY 3#4Country Overview DEVELOP GAS 710 MENT ◆ Location Total Area of Pakistan ◆ Population ◆ Neighboring Countries. Sea Ports (International) ◆ Provinces (04) Major International Airports South Asia 796, 095 Sq. Kms 197 million India (East), Afghanistan (West), China (North), Iran (Southwest), Arabian Sea (South) Karachi, Bin Qasim and Gwadar Punjab, Sindh, Khyber Pakhtunkhwa & Balochistan Islamabad, Karachi, Lahore, Peshawar & Sialkot * GDP Growth Rate -0.4% Source: Asian Development Bank and Pakistan Bureau of Statistics for 2019-20 COMPANY 4#5Pakistan Energy Dynamics - Energy Supply Mix Hydro/Imported Electricity, 8% Coal, 15% LNG Import, 1%. LPG, 11% Source: Pakistan Energy Year Book 2019 Renewables, 1% Nuclear Electricity, 3% Gas, 35% Oil, 26% DEVELOP GAS 710 MENT COMPANY 5#6BOPD Pakistan Energy Dynamics Oil Demand/Supply Gap (Indigenous & Imported Supplies) Indigenous Oil Supplies 2019 2020 2021 2022 Oil Demand Indigenous & Imported Oil Supplies DEVELOP GAS 710 2023 2024 2025 2026 2027 2028 2029 2030 6 MENT COMPANY#7MMCFD Pakistan Energy Dynamics Gas Demand/Supply Gap (Indigenous & Imported Supplies) Indigenous Gas Supplies Indigenous & Imported Gas Supplies DEVELOP GAS 710 MENT Natural Gas Demand 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 7 COMPANY#8Pakistan Oil & Gas Sector Upstream DEVELOP GAS 710 MENT COMPANY Midstream Downstream Marketing & Distribution Exploration & Production Companies Oil Refineries and Gas Transmission Companies Companies Major E&P Companies: OGDCL, PPL, POL, MPCL, ENI, MOL, OPI, KUFPEC, UEPL, OPL, KUFPEC, PEL, POGC Oil Refineries & Gas Transmission Companies: PARCO, NRL, ARL, PRL, BYCO SNGPL, SSGCL Marketing & Distribution Companies: PSO, SHELL, CALTEX, AOC, BYCO, TOTAL PARCO SNGPL, SSGCL 8#9DEVELOP GAS MENT COMPANY OGDCL Profile - Historical Milestones... Corporate Milestones Established as a Statutory Corporation 20 September 1961 • To undertake exploratory program and promote Pakistan's oil and gas prospects 710 July 1989 Made self-financing entity No longer funded from Federal Budget Business Milestones 1960 1964 1968 1976 1980 1984 1988 1966 1968 Sari Hundi Toot 1976 Dhodak Pirkoh 1977 Gas Oil Gas- Gas Condensate 1980s: 21 Discoveries Dakhni, Nandpur, Panjpir, Chak Naurang, Tando Alam, Gotana, Thora, Sono, Fimkassar, Lashari, Bobi, Kunnar, Pasakhi & Loti 9#10Business Milestones OGDCL Profile - Historical Milestones... Corporate Milestones DEVELOP GAS MENT COMPANY October 1997 Converted to Public Limited Company November 2003 Initial Public Offering • GoP divested 5% of holding Company listed on all 3 Stock Exchanges in Pakistan December 2006 Company listed on London Stock Exchange. Further divestment of 10% • Formulation of August 2009 GoP transfers around 10% of its holding to employees on 14th August 2009 through BESOS* 710 September 2011 OGDCL Celebrated its Golden Jubilee on 20th September 2011 business plan 1992 1999 2000 2004 2006 2009 2010 2012 2020 * BESOS = Benazir Employees Stock Option Scheme 1990s: 18 Discoveries Qadirpur, Uch, Sadqal, Missa Keswal, Rajian, Kal, Tando Allahyar 2000s: 43 Discoveries Chanda, Dars, Dars Deep, Pasakhi Deep, Kunnar Deep, Bahu, Jhal Magsi, Sinjhoro, Nim, Mela, Nashpa 2010 2020: 42 Discoveries Dakhni-11, Reti-1, Baloch-1, Nashpa-1, Maru-1, Shah-1, Gopang-1, Sheikhan-1, Nashpa-2, Zin X- 1, Nashpa-3, Suleiman-1, Zin SML-1, Saand-1, Maru East-1, Soghri-1, Jand-1, Jarwar-1, Palli Deep-1, Nashpa X-5, Thal East-1, Thal West-1, Bitrism West-1A, Aradin-1, CN South-1, Gundanwari-1, Mithri-1, Chabaro-1, Khamiso-1, Chhutto-1, Bhambra-1, TAY South West-1, Umair-1, Dhok Hussain-1, Chanda -1, Mela-5, Mangrio-1, Chanda-5, Togh-1 (Hangu), Togh-1 (Lumshiwal), Metlo-1, Pandhi-1 10#11DEVELOP GAS MENT COMPANY OGDCL Profile - Current Standing... 710 Largest E&P Company with presence in all four provinces of Pakistan; Government of Pakistan holds 74.98% interest Largest exploration acreage in Pakistan - As on 30 June 2020: 79,994 sq. km - Largest Market Capitalization (7.18%) at Pakistan Stock Exchange (PSX) - As of June 30, 2020: Rs 469 billion 4.301 billion shares; Also listed at London Stock Exchange (LSE) since 2006. ◆ Largest portfolio of hydrocarbon balance recoverable reserves in Pakistan. As on 30 June 2020: 44 Operated Exploration Licences (ELs) and 7 Non- Operated ELs. 112 D&PLS - 76 Operated and 36 Non-Operated leases ◆ Competent and professional team having enriched experience in the E&P sector. ◆ Sound equipment base OGTI - Oil & Gas Training Institute * D&PL = Development & Production Lease 11#12OGDCL Profile - Current Standing... DEVELOP GAS 710 MENT COMPANY ◆ Robust financial health with Net Sales of Rs 244.857 billion and Profit after Tax of Rs 100.082 billion during FY 2019-20 Average Net Production (July 2019 - June 2020) Crude oil 36,073 Barrels per day Gas LPG 893 MMscf per day 739 Metric Tons per day * The Reserves are based on 3rd party Reserves Evaluation Study-2017 by M/S Schlumberger **Sales gas reserves have been adjusted with respective BTU with each field specific BTU to calculate MMboe. 1TCF = 175.4 MMboe 12#13OGDCL Net Reserves - Current Standing... (Operated and Non Operated) Significant Reserves (1P & 2P) Position - As on June 30, 2020 MMBO E 900 800 700 600 500 423 387 400 300 200 100 36 0 1P Oil 1P Gas 1P Oil and Gas 7 yrs 94 2P Oil 733 2P Gas The Reserves are based on 3rd party Reserves Evaluation Study-2017 by M/S Schlumberger. version V 6.4 Final Report Sales gas reserves have been adjusted with respective BTU of each field to calculate MMboe. 1TCF = 175.4 MMboe DEVELOP GAS RP Ratio MENT 710 827 Reserves Life 2P Oil and Gas 14 yrs COMPANY 13#14Wells Drilled by OGDCL since Inception (As on November 18, 2020) Total Wells Drilled Total No. of Exploratory Wells No. of Discoveries Success Ratio Development Well, 410, 50% Breakup of Wells Exploratory Well, 361, 44% Balochistan, 137, 17% 817 361 126 1:2.77 DEVELOP GAS 710 MENT COMPANY KPK, 42, 5% Offshore, 1, 0% Punjab, 213, 26% Appraisal Well, 46, 6% Sindh, 424, 52% Province-wise Wells 14#15Exploration Activities OPERATED EXPLORATION LICENCES Province Blocks Punjab 05 Sindh 09 Balochistan 20 KPK 10 Total NON OPERATED EXPLORATION LICENCES 44 Province Blocks Pujab 01 KPK 02 Balochistan 03 Offshore 01 Total 07 Block-28 Zin 肉肉 Nashpa Tirah Orakzai Gurgalot Barattai Slab-1 Seni Gumbat-1 Bannu West Latamber Wali Kohat Togh Bala-1 Tal Wali-1 Shan Lakhi Rud Lakhi Rud X-1 Bostan Pezu Kulachi Zhob Musakhel Kharan-3 Balochistan QUETTA Dhodak Layyah Jandran Khyber Pakhtun- khwa Bhal Sadkal AESHAWER Syedan Dakhi SAMABA Kauswa Rajian GILGIT SKARDU MUZAFFAR ABAD SRINAGAR Chak Naurang Warnali Chanda Fimkaserka Makhad Hetu Khiu LAHORE Punjab Fatehpur Banki Panjpir Nandpur Ladhana MENT DEVELOP GAS 710 JAMMU & KASHMIR (DISPUTED TERRITORY) Shakar Ganj West Jandran West Pirkon Additionall Alipur Kalchas Cholistan 2D Pirkoh Kohlu Jhal Magsi SI Lod Uch Khanpur 2D Rakhshan South Kharan Shahana Khuzdar North Plantak Khuzdar South! Saruna Bela North Samandar Parkini Block-B Gawadar Parkini Block-A Pasni West Rasmalan West Rasmalan LEGEND Seismic Acquisition Wells Under Drilling Operated Blocks Non Operated Blocks D & PLs Under Grant Process Relinquished Zorgarh Tegani Qadirpur Sara West Sindh Thano Beg KARACHI Jhakro Kunar Chak 5 Dimi Pasakhi Palli Bobi & Dhamarki Sand Tando Allahyar | Thora Tando Alam Hundi Miam Daru Sono Nooral Jagir Bagla Nur Armala Eastern Offshore Indus-A Offshore Block-R Offshore Indus-G Fateh Jang Soghri COMPANY Guddu Umair NW-1 Mari East Juna-1 Thal Ranipur Khewari Bitrisim Sinjhoro Tando Allah Yar Nim WELLS UNDER DRILLING Khyber Pakhtunkhwa Punjab Sindh Seni Gumbat-1 Togh Bala-1 Slab-1 Wali-1 Juna-1 Thora Deep-3 (S/T) Qadirpur Deep X-1A Umair NW-1 Lakhi Rud X-1 Balochistan Washuk-1 SEISMIC ACQUISITION SP-1 Bostan EL 2D SP-2 Gwadar EL 2D SP-3 Orakzai / Tirah EL 2D SP-4 Bela North EL 2D SP-5 Cholistan EL 2D SINOPEC Khuzdar North EL 2D 15#16Market Leadership - Exploration Acreage Total Country OGDCL's Share 218,494 sq. km 79,994 sq. km Other E&P Companies Share 138,500 sq. km Others 63% As of June 30, 2020 Source: Pakistan Petroleum Information Services (PPIS) OGDCL 37% DEVELOP GAS 710 MENT COMPANY 16#17Market Leadership - Reserves OIL RESERVES Total Country 271 MMBBL OGDCL's Share 118 MMBBL Other E&P Companies Share 153 MMBBL Others 56% GAS RESERVES Total Country Gas Reserves OGDCL's Share Other E&P Companies 20,914 BCF 7,768 BCF 13,146 BCF As of June 30, 2020 Source: Pakistan Petroleum Information Services (PPIS) Others 63% DEVELOP GAS 710 MENT COMPANY OGDCL 44% OGDCL 37% 17#18Market Leadership - Production OIL PRODUCTION Country's Total 76,747 BPD OGDCL's Operated Fields 35,305 BPD Others Other E&P Companies Fields 41,442 BPD 54% GAS PRODUCTION Country's Total 3,598 MMCFD OGDCL's Operated Fields 1,029 MMCFD Other E&P Companies Fields 2,569 MMCFD Daily Average July 2019 to June 2020 (FY-2019-20) Source: Pakistan Petroleum Information Services (PPIS) DEVELOP GAS 710 MENT COMPANY OGDCL 46% OGDCL 29% Others 71% 18#19Production Growth - Development Projects Name of Projects Location Expected Completion DEVELOP GAS 710 MENT Expected Production Capacity Khewari Khairpur/Nawabshah, Sindh January, 2023 Sales Gas 25 MMscfd Development Project Gundanwari & Chabaro Sanghar/ Khairpur, Sindh February, 2021 Sales Gas 18 MMscfd Oil 25 bbl/day Development Project Nashpa Compression Karak, KPK Project Qadirpur Ghotki, Sindh Compression Project COMPANY Completed 100 MMscfd Raw Gas Compression November, 2021 280 MMscfd Raw Gas Compression Uch Compression Project Dera Bugti, Balochistan February, 2023 460 MMscfd Raw Gas Compression#20Operational Indicators DEVELOP GAS MENT 710 Operational Performance 2015-16 2016-17 2017-18 2018-19 2019-20 Seismic Survey: 2D 5,336 4,034 2,073 1,324 3,407 3,459 1,153 792 620 3D Wells Drilled: Exploratory/Appraisal Development Re-entry/Side Track Oil & Gas Discoveries COMPANY 12 11 12 9 15 14 11 8 7 5 5 CO 6 LO 3 5 20 20#21Financial Strength DEVELOP GAS 710 MENT COMPANY 2015-16 2016-17 2017-18 2018-19 2019-20 Net Sales (Rs in Million) 162,867 171,829 205,335 261,481 244,857 Operating Profit Margin (%) 39% 41% 46% 53% 47% Profit before Tax (Rs in Million) 80,507 89,137 112,627 176,599 143,065 EBITDA Margin (%) 58% 58% 62% 69% 63% Net Profit after Tax (Rs in Million) 59,971 63,803 78,736 118,386 100,082 Net profit Margin (%) 37% 37% 38% 45% 41% Earnings per Share (Rs) 13.94 14.83 18.31 27.53 23.27 Cumulative dividends per share (Rs) 5.20 6.00 10.00 11.00 6.75 21#22Rupees in Billions Sales and Profit - Historical Perspective 300 250 37% 37% 205 200 150 100 172 163 50 60 64 9 45% 38% 261 79 DEVELOP GAS MENT 710 50% 45% 41% 245 40% 35% 30% 25% 118 20% 100 15% 10% 5% 0% 2015-16 2016-17 2017-18 2018-19 2019-20 Net Sales Profit after Tax Net Profit Margin COMPANY Net Profit Margin 22 22#23Impact of COVID-19 on Global Crude Oil Price and Production Curtailment US$/BBL 80.00 70.00 67.05 60.00 50.00 40.00 30.00 20.00 10.00 中桦 中桦 Αφρική Ú中桦 T \HÚ 中桦 Net Curtailment Avg. Daily Net Curtailment #φηκ #onk 中桦 中桦 中桦 中桦 #ФЛК BU中桦 Ú中裤 Production Curtailment #ONK 9.12 中桦 Oil Gas LPG Sulphur BBLS MMcf Tons Tons 824,218 9,770 15,279 264 9,261 110 172 3 Number of days for average daily curtailment are 89 w.e.f. March 18, 2020 to June 14, 2020 中桦 T Ú中桦 T Ú中桦 T BU中桦 #ФПК DEVELOP GAS MENT COMPANY ФЗДІНІП 710 Brent Crude Oil Price Data Ú中桦 ˙ U中桦 T #ФЛК #ФЛК 223 41.64#24CSR Activities DEVELOP MENT COMPANY GAS 710 ФЗДІНІП During the fiscal year 2019-20, OGDCL continued with its social welfare programs to uplift the living standards of underprivileged segment of the society by investing in the areas of education, health, water supply, sports, infrastructure development and donations. In this regard, the Company under training, welfare and CSR spent Rs 1.447 billion. In addition, OGDCL supported GOP to curb the spread of COVID-19 through: 。 Donation of employees' two days salary amounting Rs 52 million to PM COVID-19 Relief Fund; 。 Conversion of I-9 Hostel building into a quarantine center; 。 Provision of fully equipped ambulance, medicines, PPE kits, sanitizers, masks, meals and bottled water at quarantine center; and Distribution of thermal guns, PPE kits, masks and food hampers to hospitals and locals around Company's operational sites. 24 24#25Thank You DEVELOPMENT GAS COMPANY 710 www.ogdcl.com