Nostrum Oil & Gas Plc · LSE:NOG
Nostrum Oil & Gas — H1 2014 Earnings Presentation
13 slides from Nostrum Oil & Gas's earnings presentation, Aug 28, 2014
Slide 1: Nostrum Oil & Gas
Slide 2: H1 2014 results
H1 2014 results 28 August 2014
Slide 3: Consistently delivering against targets
H1 2014 results Consistently delivering against targets 1 • Completion of Premium Listing — FTSE 250 index inclusion pending 2 • Stable production volumes — 46,569 boepd vs. 45,000 boepd guidance 3 • Continued progress on GTU3 — c.$150mm commitments and procurement in line with budget 4 • Maintenanc
Slide 4: Progress – Snapshot
Progress – Snapshot Production Net Operating Cash flows(1) 60,000 200.0 55,000 190.0 50,000 46,370 46,569 boepd 180.0 177.3 US$mm 45,000 170.0 167.4 40,000 35,000 160.0 30,000 150.0 H1 2013 H1 2014 H1 2013 H1 2014 Robust Credit Metrics Earnings per share 3.0 65.0 60.0 Debt / LTM EBITDA (x) 60.0 55.0
Slide 5: H1 2014 Financial results
2 H1 2014 Financial results
Slide 6: Financial Overview – H1 2014
Financial Overview – H1 2014 US$mm (unless otherwise stated) H1 2014 H1 2013 Change Revenue 445.0 442.5 0.6% Profit before tax 179.8 184.8 (2.7)% EBITDA(1) 312.7 285.0 9.6% Net income 91.8 111.7 (17.9)% Earnings per share (US$c)(2) 50.0 60.0 (17.5)% Distribution per common unit (US$c) 35.0 34.0 2.9%
Slide 7: Key performance indicators
Key performance indicators Opex/boe(1) Transport costs/boe 7.0 8.0 5.9 6.0 5.0 4.6 7.5 7.3 US$/boe 4.0 US$/boe 7.0 7.0 3.0 2.0 6.5 1.0 0.0 6.0 H1 2013 H1 2014 H1 2013 H1 2014 EBITDA margin Tax/boe(2) 80% 11.5 11.3 75% 11.0 10.6 70.3% 70% 10.5 US$/boe 64.5% 10.0 65% 9.5 60% 9.0 55% 8.5 50% 8.0 H1 201
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) +70% EBITDA margin +91.0% increase in cash position during H1 2014 to 2.0 1.6 US$458.2mm (FY 2013 US$239.9mm) 1.1 1.0 0.7 0.8 Successful early repayment of 2010 Notes in April 2014 0.0 FY 2013 H1 201
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