Kosmos Energy Ltd. · NYSE:KOS
Kosmos Energy — Q1 2025 Earnings Presentation
11 slides from Kosmos Energy's earnings presentation, May 6, 2025
Slide 1: First Quarter 2025 Results
First Quarter 2025 Results May 6, 2025 NYSE/LSE: KOS 1 Strictly Private and Confidential
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in this presentation
Slide 3: Focus Unchanged – Prioritizing Cash Generation
Focus Unchanged – Prioritizing Cash Generation Continued focus on delivery in a volatile market Maintain Resilience Increase Production Lower Costs of Balance Sheet • GTA: First cargo announced in • Rigorous focus on cost • Important measures taken in April discipline with greater control FY24 to en
Slide 4: Mauritania & Senegal
Mauritania & Senegal Export commenced, GTA production ramping up, working closely with the operator to materially reduce costs GTA Production Hub Focus Now Turns to … and Increasing Fully Operational Reducing Costs….. Production • All four liquefaction trains operational • Near-term operating costs
Slide 5: Ghana
Ghana Significant operational progress in 1Q with drilling activity expected to resume this month Jubilee FPSO Shutdown Complete Enhanced Recovery: Better Data And Better Tools • 4D seismic survey completed – being processed with state-of-the-art algorithms • Enhanced 4D imaging and AI-supported res
Slide 6: Gulf of America / Equatorial Guinea
Gulf of America / Equatorial Guinea Steady production: Highly cash generative, low breakeven assets Gulf of America Equatorial Guinea Gulf of America Equatorial Guinea • 1Q25 Net Production: 17,200 boepd • 1Q25 Net Production: 9,000 bopd – Scheduled Kodiak host facility shutdown for ~30 days Near-te
Slide 7: 1Q 2025 Financials
1Q 2025 Financials 1Q24A 1Q25A Heavy scheduled maintenance Net Production ~66,700boe/day ~60,500boe/day period in 1Q25 and minimal contribution from GTA Realized Price1 ~$73.0/boe ~$64.9/boe Lower YoY commodity prices Shutdown and CSV campaign at Opex2 ~$16.4/boe ~$25.0/boe Jubilee and Winterfell-3
Slide 8: Financial Resilience
Financial Resilience Actions taken in 2024 position the company to better withstand current market volatility Active Management Minimal Near-Term Maturities1 Resilient Reserve Based Lending Facility • Successful RBL redetermination in March 2025 – $400 bank long-term price deck remains below current
Slide 9: Focus On Cash Generation And Cost Discipline Unchanged
Focus On Cash Generation And Cost Discipline Unchanged Rising production expected through GTA ramp up and Jubilee / GoA drilling Prioritizing cash generation through cost and capital discipline Low asset-level breakeven supports resilience in a volatile market 2P Reserves/Production >20 years underp
Slide 10: Kosmos Energy
KOSM**S ENERGY.
Slide 11: Appendix: FY25 Detailed Guidance
Appendix: FY25 Detailed Guidance 2Q 2025 FY 2025 Production1,2,3 66,000 – 72,000 boe/day 70,000 – 80,000 boe/day Opex4 $25.00 - $27.00/boe $18.00 - $20.00/boe DD&A $20.00 - $22.00/boe $22.00 - $24.00/boe G&A5 $20 - $25 million $80 - $100 million Exploration Expense6 ~$10 million $25 - $45 million Ne