Oando Plc · NSENG:OANDO

Oando — H1 2014 Earnings Presentation

18 slides from Oando's earnings presentation, 2014

  1. Slide 1: Investor Call FYE 2013 & H1 2014 Performance Review

    Oando Plc Investor Call FYE 2013 & H1 2014 Performance Review www.oandoplc.com ..the energy to inspire

  2. Slide 2: Disclaimer

    Disclaimer ..the energy to inspire This presentation does not constitute an invitation to underwrite, subscribe for, or otherwise Possible Reserves: Possible reserves are quantities of recoverable hydrocarbons estimated acquire or dispose of any Oando Plc (the “Company”) shares or other securities.

  3. Slide 3: Contents

    Contents ..the energy to inspire 04 Asset Overview 07 Operational Update 09 FYE 2013 Performance Review 13 H1 2014 Performance Review 16 Strategic Overview 2

  4. Slide 4: Asset Overview

    Asset Overview www.oandoplc.com ..the energy to inspire

  5. Slide 5: Asset Overview

    Asset Overview ..the energy to inspire Description Assets OER listed on the TSX Producing assets: OMLs 60-63, OML 125 & OML 56. Exploration & Development & Appraisal: OML 134, OML 90, OML 13 & OPL 236. Upstream Division 93.8% ownership of OER Production Exploration: OML 131, OML 145, OPL 278, OPL 28

  6. Slide 6: Upstream Growth: 2C Resources and Production

    Upstream Growth ..the energy to inspire Kwale-Okpai IPP OML 125 Umusadege OML 60 6 OilMineLeaseOML 40 Fields Ebendo Kwale Akri 322 WellsDrilled Irri-isoko Ebocha Key Forcados O M L Beniboye 61 Ob-Ob 146 Wellsinproduction Oil & NGL Terminal Idu Akepo O M L Petrochemical Plant 62 Oshi Oil & Gas Plant

  7. Slide 7: Operational Update

    Operational Update www.oandoplc.com ..the energy to inspire

  8. Slide 8: Operational Update

    Operational Update ..the energy to inspire Upstream Division Midstream Division Downstream Division Exploration & Energy Supply & Production Services Gas & Power Marketing Trading Terminals Ebendo-7 successfully drilled, Zero Loss Time Injury (LTI) on 3 Commissioned the Alausa Completed upgrade of t

  9. Slide 9: FYE 2013 Performance Review

    FYE 2013 Performance Review www.oandoplc.com ..the energy to inspire

  10. Slide 10: FYE 2013 Profit & Loss Highlights Vs. FYE 2012

    FYE 2013 Profit & Loss Highlights Vs. FYE 2012 ..the energy to inspire Turnoverof EBITDAof Profitaftertaxof -31% -11% -87% N 450 Bn N 32.7 Bn N 1.4 Bn N’Million FYE 2013 FYE 2012 Variance Turnover 449,783 650,566 (31%) Gross Margin 59,289 69,901 (15%) Non-interest Expenses (31,730) (34,728) 5% Other

  11. Slide 11: Quarterly Contribution Breakdown

    Quarterly Contribution Breakdown ..the energy to inspire N’Million H2 H1 Turnover 170,709 280,328 Gross Margin 30,324 30,234 Non-interest Expenses (16,636) (16,364) Other Operating Income 3,668 1,468 EBITDA 17,356 15,338 Net Finance Costs (12,300) (3,533) Depreciation & Amortization (10,495) (5,649)

  12. Slide 12: Group Balance Sheet Highlights

    Group Balance Sheet Highlights ..the energy to inspire Fixed Assets Trade & Other Debtors ST Borrowing - 1% N 366 Bn +26% N 144 Bn -14 % N 183Bn N’Million FYE 2013 FYE 2012 Variance Fixed Assets 366,000 369,010 (1%) Long Term Receivables 15,413 10,619 45% Stock 19,446 18,111 7% Trade and other Debto

  13. Slide 13: H1 2014 Performance Review

    H1 2014 Performance Review www.oandoplc.com ..the energy to inspire

  14. Slide 14: H1 2014 Profit & Loss Highlights Vs. H1 2013

    H1 2014 Profit & Loss Highlights Vs. H1 2013 ..the energy to inspire Turnoverof EBITDAof Profitaftertax -31% 101% 110% 194.6 N Bn N 30.8 Bn N 8.9 Bn N’Million H1 2014 H1 2013 Variance Turnover 194,557 280,328 (31%) Gross Margin 50,506 30,234 67% Non-interest Expenses (20,820) (16,364) 27% Other Opera

  15. Slide 15: Group Balance Sheet Highlights - H1

    Group Balance Sheet Highlights - H1 ..the energy to inspire Fixed Assets Trade & Other Debtors ST Borrowing 25 % + N 178.6 Bn + 33% N 190.4 Bn + 32% N 175.5 Bn N’Million H1 2014 H1 2013 Variance Fixed Assets 178,564 143,681 25% Long Term Receivables 18,690 12,255 52% Stock 24,869 22,284 12% Trade an

  16. Slide 16: Strategic Overview

    Strategic Oveview www.oandoplc.com ..the energy to inspire

  17. Slide 17: Strategic Overview

    Strategic Overview ..the energy to inspire Current: 2014 Midterm: 2015-2016 Long Term: 2017 & Beyond > Production of ~45kboepd (YTD Aug 2014) > Production Target: 80kboepd > Production Target: 100kboepd > Reserves Replacement Ratio Target of 1:1 > 2P Reserves Target: 300mmboe – 500mmboe > 2P Reserve

  18. Slide 18: www.oandoplc.com

    ..the energy to inspire www.oandoplc.com

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