Inpex : Financial Results for the six months ended June 30, 2022 Presentation Material (PDF 775KB)

INPEX CORPORATION

Financial Results

for the six months ended June 30, 2022

August 9, 2022

Agenda

• Corporate Overview
• Consolidated Financial Results for the six months ended June 30, 2022
• Consolidated Financial Forecasts for the year ending December 31, 2022

Copyright © 2022 INPEX CORPORATION. All rights reserved.

1

Cautionary Statement

This presentation includes forward-looking information that reflects the plans and expectations of the Company. Such forward-looking information is based on the current assumptions and judgments of the Company in light of the information currently available to it, and involves known and unknown risks, uncertainties and other factors. Such risks, uncertainties and other factors may cause the Company's performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, without limitation:

• Price volatility and change in demand in crude oil and natural gas
• Foreign exchange rate volatility
• Change in costs and other expenses pertaining to exploration, development and production

The Company undertakes no obligation to publicly update or revise the disclosure of information in this presentation (including forward-looking information) after the date of this presentation.

Copyright © 2022 INPEX CORPORATION. All rights reserved.

2

Corporate Overview

Takayuki Ueda

Representative Director, President & CEO

FY2022 Second Quarter Financial Results Highlights

2Q FY2022	Net Sales	¥1,098.4 billion (120.4% increase YoY)
Net Income	¥184.4 billion (254.9% increase YoY)
Financial Results
Net Production	654 thousand BOED (23.9% increase YoY)
	Net Sales	¥2,182.0 billion (75.3% increase YoY)
FY2022 Full-year
Net Income	¥350.0 billion (56.9% increase YoY)
Financial Forecasts
Free Cashflow*	Approximately ¥510.0 billion (24.3% increase YoY)
	Net Production	619 thousand BOED (6.0% increase YoY)
Dividend	FY2022 Forecast: Annual dividend of ¥60 per share; ¥30 interim and ¥30 at year-end (forecast)
* Additionally, a share buyback of up to ¥120 billion and up to 120 million shares was resolved
	Oil and Gas Business
	 Australia: Stable production continued at Ichthys with approx. 10 LNG cargoes per month expected for 2022
	 Abu Dhabi: Discovered multiple oil & gas deposits at Onshore Block 4, currently conducting appraisal works aiming
	for early production
	 Southeast Asia: At Abadi, continued a comprehensive study of measures such as the introduction of CCUS to make
	the project cleaner and further reduce costs
	 Japan: Commenced drilling offshore Shimane & Yamaguchi prefectures in May 2022
	 Europe: Completed acquisition of 50.5% shares in Idemitsu Snorre Oil Development Co., Ltd. (New company name:
Project Highlights	INPEX Norway Co., Ltd.) in January 2022
5 Net Zero Businesses

• • Hydrogen & Ammonia: Signed a Memorandum of Understanding to conduct a feasibility study on South Australian Hydrogen Hub Project in May 2022
  • CCUS: Evaluating the feasibility of CCS at Ichthys LNG Project
  • Renewable Energy: Resolved to enter into the construction phase of a geothermal power plant in the Oyasu region in Akita Prefecture in June 2022
  • Carbon Recycling & New Business: Engineering works ongoing with aims to commence operations at a methanation demonstration plant in latter half of 2024
  • Forest Conservation: Continued to support Rimba Raya REDD+ Project in Indonesia
• Including cashflow of Ichthys LNG Pty Ltd, the Ichthys Downstream IJV (Incorporated Joint Venture ), an equity method affiliate

Copyright © 2022 INPEX CORPORATION. All rights reserved.

4