Nostrum Oil & Gas Plc · LSE:NOG
Nostrum Oil & Gas — FY2020 Earnings Presentation
12 slides from Nostrum Oil & Gas's earnings presentation, Apr 27, 2021
Slide 1: Financial Results for the year ended 31 December 2020
Financial Results for the year ended 31 December, 2020 27 April 2021
Slide 2: FY 2020 Financial Results Summary
FY 2020 Financial Results Summary • Revenue of US$175.9m (2019: US$322.1m) • EBITDA1 US$80.4m (2019: US$199.6m) Financial • Closing cash US$78.6m2 with net debt of US$1,107.7m3 • Cash position as of 31st March 2021 in excess of US$85m. We continue to take active steps to manage liquidity • COVID 19
Slide 3: Snapshot of key figures
FY 2020 Financial Results Snapshot of key figures Production decline less than expected Production (average boepd) • Production still declining but successful work-over 40,000 and intervention programme in 2020 has reduced the 30,000 rate of decline. 20,000 10,000 • Similar campaign already started
Slide 4: Focus on Liquidity Management
FY 2020 Financial Results Focus on Liquidity Management Cash Balances, including restricted cash under the Forbearance Agreement 120 91.3 93.9 66.1 75.7 88.7 91.5 105.8 100 80 US$ million 60 40 20 0 30 Sept 2019 31 Dec 2019 31 March 2020 30 June 2020 30 Sept 2020 31 Dec 2020 31 March 2021 Cash at ba
Slide 5: Debt Restructuring
FY 2020 Financial Results Capex reduction Debt Restructuring • Forbearance Agreement signed on 23 October 2020. • Current forbearance period ends on 20 May 2021. • Discussions over restructuring of the Group’s Loan Notes continue. 1 Cash and cash equivalents including current and non-current investm
Slide 6: An infrastructure hub in North-western Kazakhstan
FY 2020 Financial Results An infrastructure hub in North-western Kazakhstan Russia Key Nostrum acreage (existing) Nostrum acreage (being acquired) Oil export Chinarevskoye Kazakhstan Gas condensate field pipeline Atyrau-Samara Oil field Nostrum Gas Treatment Facility Rozhkovskoye Railway Gas export
Slide 7: Key Focus Areas for 2021
2020 Financial Results Key Focus Areas for 2021 • Continued focus on HSE and COVID risk management Delivering • Advance ongoing discussions with third parties to monetise the gas processing facilities • Successful restructuring of the Group’s debt Optimising • Continue to manage costs and liquidity,
Slide 8: Supporting materials
4 nostrum Cue Supporting materials
Slide 9: Consolidated Statement of Financial Position
FY 2020 Financial Results Consolidated Statement of Financial Position 31 December 31 December In thousands of US Dollars Notes 2020 2019 Assets Non-current assets Property, plant and equipment 6 339,406 650,229 Right-of-use assets 7 2,755 6,875 Advances for non-current assets 8 9,034 8,412 Restrict
Slide 10: Consolidated Statement of Comprehensive Income
FY 2020 Financial Results Consolidated Statement of Comprehensive Income For the year ended 31 December In thousands of US Dollars Notes 2020 2019 Revenue Revenue from export sales 140,843 218,511 Revenue from domestic sales 35,096 103,617 21 175,939 322,128 Cost of sales 22 (125,392) (172,002) Gros
Slide 11: Consolidated Statement of Cash Flows
FY 2020 Financial Results Consolidated Statement of Cash Flows For the year ended 31 December In thousands of US Dollars Notes 2020 2019* Cash flow from operating activities: Loss before income tax (360,191) (1,343,149) Adjustments for: Depreciation, depletion and amortisation 22,23,24 89,777 143,29
Slide 12: Disclaimer
This presentation is not an offer or solicitation of an offer to buy or sell securities. It is solely for use at an investor presentation and is provided as information only. This presentation does not contain all of the information that is material to an investor. By attending the presentation or b