Nostrum Oil & Gas Plc · LSE:NOG
Nostrum Oil & Gas — Q1 2015 Earnings Presentation
15 slides from Nostrum Oil & Gas's earnings presentation, May 2015
Slide 1: Nostrum Oil & Gas
Slide 2: Q1 2015 Results
ia TES ‘ 7 i, ss N fi | —— “Hy $ : < ey NING fi _ 4 Tha N Q1 2015 Results May 2015
Slide 3: First Quarter 2015 Results
FIRST QUARTER 2015 RESULTS Solid financial and operational results in challenging oil price environment 1 • Stable production volumes — 4.1 mboe / 45,479 boepd (FY 2014: 44,400 boepd) 2 • Meaningful reductions in costs per barrel — Opex / boe reduced by 19%, Transport / boe reduced by 34% 3 • Resili
Slide 4: Capital discipline remains a core element of Nostrum's strategy
Capital discipline remains a core element of Nostrum’s strategy Balance sheet strength • US$318.3m cash and cash equivalents² on balance sheet at year end • US$400.0m 6.375% Notes maturing in 2019 with no maintenance covenants • US$560.0m 7.125% Notes maturing in 2019 with no maintenance covenants •
Slide 5: Key performance indicators
Key performance indicators Opex/boe1 Transport costs/boe4 6.0 9.0 7.9 5.3 8.0 7.0 US$/boe 5.0 US$/boe 4.3 6.0 5.2 5.0 4.0 4.0 3.0 3.0 2.0 1.0 2.0 - Q4 2014 Q1 2015 Q4 2014 Q1 2015 EBITDA³ margin Tax/boe2 80% 16.0 14.0 12.8 60% 50% 12.0 49% 10.0 US$/boe 40% 8.0 5.5 6.0 20% 4.0 2.0 - - Q4 2014 Q1 2015
Slide 6: Stable production combined with significant near term production growth
Stable production combined with significant near term production growth Production summary & guidance¹ (boepd) 100,000 70,000 • Completion of GTU III construction during 2016 46,178 44,400 45,000 45,000 36,940 13,158 7,442 7,752 5,000 5,100 2,400 2,300 2,900 2004A 2005A 2006A 2007A 2008A 2009A 2010A
Slide 7: Operational performance underpinned by substantial core asset base
Operational performance underpinned by substantial core asset base Chinarevskoye Field 2P reserve progression since 2004 (mboe)1,2 Proved Probable Trident fields 582 571 535 529 530 539 522 506 98 98 397 395 353 311 284 317 401 389 388 281 260 199 181 170 195 199 192 169 135 137 133 140 143 144 28 C
Slide 8: Q1 2015 Financial Results
2 Q1 2015 Financial Results
Slide 9: Financial Overview
Financial Overview US$mm (unless otherwise stated) Q4 2014 Q1 2015 Change Revenue 162 100 (38%) Cost of Sales (64) (46) (28%) General & Administrative Expenses (13) (12) (3%) EBITDA1 81 50 (39%) Profit Before Tax 86 9 (90%) Net income 38 (1) (103%) Earnings per share (US$c)2 20 (1) (105%) Capital ex
Slide 10: Strong Balance Sheet and Enhanced Credit Metrics
Strong Balance Sheet and Enhanced Credit Metrics Highlights Credit Metrics 3.0 • +49% EBITDA¹ margin 2.5x Debt / LTM EBITDA (x) 1.9x • Cash position of US$318m 2.0 1.7x 1.1x • Gross Debt of US$950m 1.0 • Net Debt of US$632m 0.0 Q4 2014 Q1 2015 Gross Debt / LTM EBITDA Net Debt / LTM EBITDA Q1 2015 Ne
Slide 11: Supporting materials
3 Supporting materials
Slide 12: Consolidated Statement of Financial Position
Consolidated Statement of Financial Position 11
Slide 13: Consolidated Statement of Comprehensive Income
Consolidated Statement of Comprehensive Income 12
Slide 14: Consolidated Statement of Cash Flows
Consolidated Statement of Cash Flows 13
Slide 15: Disclaimer
Disclaimer This presentation is strictly confidential to the recipient, may not be distributed to the press or any other person, and may not be reproduced in any form in whole or in part for any purpose. Failure to comply with this restriction may constitute a violation of applicable securities laws