Nostrum Oil & Gas Plc · LSE:NOG
Nostrum Oil & Gas — 9M 2017 Earnings Presentation
14 slides from Nostrum Oil & Gas's earnings presentation, 2017
Slide 1: 9M 2017 Financials Results Presentation
Simple Sustainable Successful 9M 2017 Financials Results Presentation
Slide 2: 9M 2017 Financial Results
9M 2017 Financial Results Solid revenue and operating cash generation following a strong half year 1 • Revenue of US$303.7m (9M 2016: US$245.1m) and net operating cash1 flows of US$135.2m (9M 2016: US$132.5m) 2 • EBITDA2 of US$171.5m (9M 2016: US$142.6m) and EBITDA margin of 56.5% (9M 2016: 58.2%) 3
Slide 3: Snapshot of key figures from 9M 2017
Snapshot of key figures from 9M 2017 Sales volumes Opex / boe1,2 50,000 5.0 43,279 41,107 39,600 3.6 3.7 40,000 4.0 3.4 US$ / bbl 3.0 30,000 boepd 2.0 20,000 1.0 10,000 - - Q1 2017 H1 2017 9M 2017 Q1 2017 H1 2017 9M 2017 Transport costs / boe2 Gross debt / net debt 10.0x Gross Debt / LTM EBITDA 5.5
Slide 4: Capital discipline
Capital discipline Balance sheet Hedging programme • US$144.4m cash and cash equivalents¹ (as at 30 September • 15,000 boepd hedge entered into on 14 December 2015 2017) • Strike price of US$49.16 • US$912.6m Net debt2 (as at 30 September 2017) • Settles quarterly for eight quarters (final settlemen
Slide 5: Resilience under low oil prices – Fully funded to complete GTU III
Resilience under low oil prices – Fully funded to complete GTU III and maintain existing production in 2017 and 2018 under any oil price US$6m US$45m US$52m US$6m US$151m US$144m Q3 2017 Q4 2017 Operating Q4 2017 Cash received Q4 2017 GTU III Q4 2017 Finance 2017 Closing Cash Cash Flow from hedge Ca
Slide 6: 2016 Ryder Scott Reserve Audit
2016 Ryder Scott Reserve Audit – The asset continues to perform in line with expectations Chinarevskoye - Proven Chinarevskoye - Probable Trident - Probable • 466mmboe 2P reserves as at 1 January 2017 Ø Proven – 147mmboe Ø Probable – 320mmboe 87mmboe 87mmboe • Contingent resources – 221mmboe • Remai
Slide 7: 9M 2017 Financial Results
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Slide 8: Financial Overview – 9M 2017
Financial Overview – 9M 2017 US$m 9m 2016 9m 2017 Revenue 245.1 303.7 1 EBITDA 142.6 171.5 Profit before tax (60.5) 24.6 Current income tax expense (12.4) (33.4) Deferred income tax expense 8.6 0.0 Net income (64.3) (8.7) 2 Earnings per share (USc) (35.0) (4.0) 3 Capital expenditure (157.7) (132.1)
Slide 9: Balance Sheet Summary
Balance Sheet Summary Highlights Gross debt / net debt • 56.5% EBITDA¹ margin for 9M 2017 10.0x Gross Debt / LTM EBITDA Net Debt / LTM EBITDA Leverage ratio 8.0x • US$144.4m cash & equivalents² 6.0x 4.6x 4.5x 4.1x 4.7x 4.0x 4.1x • Successful refinancing of majority of 2019 Notes through 4.0x US$725m
Slide 10: Supporting materials
, engstrum Tok See De ee es Teme Supporting materials
Slide 11: Consolidated Statement of Financial Position
Consolidated Statement of Financial Position 11
Slide 12: Consolidated Statement of Comprehensive Income
Consolidated Statement of Comprehensive Income 12
Slide 13: Consolidated Statement of Cash Flows
Consolidated Statement of Cash Flows 13
Slide 14: Disclaimer
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 PRESEN