Afentra Plc · LSE:AET
Afentra — Shareholder Meeting (June 2021)
15 slides from Afentra's shareholder meeting presentation, Jun 30, 2021
Slide 1: African Energy Transition
African Energy Transition Annual General Meeting: 30 June 2021 Afentra plc | Annual General Meeting: 30 June 2021 0
Slide 2: Disclaimer
Disclaimer The information set out in this presentation and the accompanying verbal presentation including any question and answer session and any documents or other materials distributed with the presentation (the “Presentation”) has been produced by Afentra plc (the “Company”) as at 30 June 2021,
Slide 3: Introduction
Introduction The Global Energy Transition will take time. Hydrocarbons are part of the transition and will continue to remain important in the overall energy mix. It is vitally important that we responsibly manage what has already been found. The socio-economic impact of the energy transition needs
Slide 4: Proven leadership
Proven leadership Track record of creating value and positive stakeholder outcomes through delivery of major hydrocarbon developments & production across Africa Deep understanding of Africa • Established networks within industry and region • Accomplished in managing above-ground risk • Regional know
Slide 5: Strong market drivers
Strong market drivers Focused on shareholder returns and stakeholder outcomes The opportunity Afentra’s Proposition Africa remains a prolific Oil & Gas region with longevity Experienced leadership team with proven (~100billion boe, 20 years+) track record and established network in Africa Early stag
Slide 6: Global energy transition
Global energy transition Structural changes to the industry ecosystem are necessary to achieve global sustainability objectives and energy demand “The new North Sea players riding the wake of the retreating majors” Drivers of change Financial Times • Climate change and commercially viable renewables
Slide 7: Industry transition
Industry transition Historical regional trends inform the African Energy Transition opportunity Evolution of the Oil & Gas sector The changed landscape of North Sea operators • Operator transitions have already occurred in the Gulf 1990 2020 of Mexico and the North Sea – a proven strategy that works
Slide 8: African Energy Transition
African Energy Transition An opportunity to leverage our extensive regional experience and network to realise the vast potential of proven resources Why Africa? • Hydrocarbon revenues are central to many African countries socio-economic development • Potential to acquire and redevelop material produ
Slide 9: Afentra's role in a responsible transition
Afentra’s role in a responsible transition Afentra was formed to support the exit strategies of IOCs, ensuring responsible transition for host governments Committed to shareholder returns within a responsible ESG framework International Oil Companies • Safe, efficient & smooth transfer of assets Cre
Slide 10: Odewayne block, Somaliland
Odewayne block, Somaliland (Size of 4 North Sea Quads) Realising value from a legacy high impact exploration asset Company is fully carried by Genel ensuring no cost impact forward Contract Summary 2D geophysical survey acquired in ’17. Reprocessed in ‘19, Contract type PSA Participants integrated w
Slide 11: Afentra's criteria for value creation
Afentra’s criteria for value creation Due diligence: asset identification and acquisition criteria to drive value High Level Screening Detailed Screening Asset Acquisition Subsurface Screening Quality producing assets and • Material production discovered resources • High quality reservoirs & hydroca
Slide 12: Driving sustainable value
Driving sustainable value A focused and effective business model with embedded ESG framework 1. 2. 3. 4. Assess & acquire Optimise & produce Reinvest & extend Retire & convert Legacy production assets Applying proven & innovative Reinvest in incremental Responsible stewardship and proven discovered
Slide 13: Uniquely positioned to capitalise on the African Energy Transition
Uniquely positioned to capitalise on the African Energy Transition 1. 2. 3. 4. 5. Significant Gap in market for Proven team Committed to African Energy hydrocarbon credible operators with significant responsible Transition provides resource base in to facilitate safe experience of stewardship and co
Slide 14: Q&A
Q&A Afentra plc | Annual General Meeting: 30 June 2021 13
Slide 15: Voting Result of AGM
Voting Result of AGM For Against Withheld No. of % of No. of % of shares votes* shares votes* Ordinary Resolutions 1. To receive and adopt the Annual accounts for the financial year ended 31 Dec 2020 92,355,648 99.99 3,623 0.01 2,080 2. To receive the Directors' Remuneration report 92,046,739 99.66