Nostrum Oil & Gas Plc · LSE:NOG
Nostrum Oil & Gas — Q3 2014 Earnings Presentation
13 slides from Nostrum Oil & Gas's earnings presentation, Nov 26, 2014
Slide 1: Slide 1
Slide 2: Q3 2014 results
Q3 2014 results 26 November 2014
Slide 3: Consistently delivering against targets
Q3 2014 results Consistently delivering against targets 1 • Inclusion in the FTSE 250 index on the London Stock Exchange 2 • Stable production volumes — 45,204 boepd¹ vs. 45,000 boepd guidance 3 • Fully funded and on track for GTU3 — doubling production by end of 2016 4 • Maintenance of superior mar
Slide 4: Progress – Snapshot
Progress – Snapshot Production Net Operating Cash flows(1) 60,000 350.0 303.5 55,000 300.0 50,000 250.0 230.4 45,414 45,204 boepd US$mm 45,000 200.0 150.0 40,000 100.0 35,000 50.0 30,000 0.0 9m 2013 9m 2014 9m 2013 9m 2014 Robust Credit Metrics Earnings per share 90.0 86.0 3.0 Debt / LTM EBITDA (x)
Slide 5: Q3 2014 Financial results
2 Q3 2014 Financial results
Slide 6: Financial Overview – Q3 2014
Financial Overview – Q3 2014 US$mm (unless otherwise stated) 9m 2014 9m 2013 Change Revenue 620.3 657.2 (5.6%) EBITDA(1) 413.2 412.0 0.3% Profit Before Tax 225.7 267.1 (15.5%) Net income 108.6 161.8 (32.9%) Earnings per share (US$c)(2) 0.58 0.86 (32.9%) Distribution per common unit (US$c) 35.0 34.0
Slide 7: Key performance indicators
Key performance indicators Opex/boe(1) Transport costs/boe 7.00 7.6 7.4 5.9 6.00 7.4 5.00 4.7 7.2 7.1 7.0 US$/boe 4.00 US$/boe 6.8 3.00 6.6 2.00 6.4 1.00 6.2 - 6.0 9m 2013 9m 2014 9m 2013 9m 2014 EBITDA margin Tax/boe(2) 70% 12.0 11.8 67% 11.5 65% 63% 11.0 10.7 10.5 US$/boe 60% 10.0 9.5 55% 9.0 8.5
Slide 8: Strong Balance Sheet and Enhanced Credit Metrics
Strong Balance Sheet and Enhanced Credit Metrics Highlights Credit Metrics 3.0 Debt / LTM EBITDA (x) +67% EBITDA margin +13% increase in cash position during Q3 2014 to 2.0 1.6 1.7 US$515.5mm (H1 2014 US$458.2mm) 1.0 0.8 0.8 Successful early repayment of 2010 Notes in April 2014 0.0 H1 2014 Q3 2014
Slide 9: Supporting materials
3 Supporting materials
Slide 10: Consolidated Statement of Financial Position
Consolidated Statement of Financial Position 9
Slide 11: Consolidated Statement of Comprehensive Income
Consolidated Statement of Comprehensive Income 10
Slide 12: Consolidated Statement of Cash Flows
Consolidated Statement of Cash Flows 11
Slide 13: 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