Nostrum Oil & Gas Plc · LSE:NOG
Nostrum Oil & Gas — Q1 2023 Earnings Presentation
12 slides from Nostrum Oil & Gas's earnings presentation, June 2023
Slide 1: Financial Results for the quarter ended 31 March 2023
Financial Results for the quarter ended 31 March 2023 June 2023
Slide 2: Disclaimer
Disclaimer This presentation has been prepared and issued by, and is the sole responsibility of, Nostrum Oil & Gas plc (the “Company”), being the current holding company of the Nostrum Oil & Gas group (the “Group”). For the purpose of this disclaimer notice, “presentation” shall include these slides
Slide 3: Q1 2023 Results Summary
Q1 2023 Results Summary • Successful completion of Bond restructuring • New Board of Directors Strategic • Launch of mixed-asset energy strategy • Stepnoy Leopard fields acquisition announcement • Revenues of US$17.4m (Q1 2022: US$60.2m), decreasing due to production decline and lower product prices
Slide 4: Q1 2023 Operational Review
Q1 2023 Operational Review Production and Sales volumes (boepd)1 14,683 • Q1 2023 average production volumes available for sales 13,658 12,734 10,479 boepd 11,763 10,479 - Crude & condensate: 4,902 boepd - LPG: 1,318 boepd - Dry gas: 4,259 boepd • Production decline continues from the mature Chinare
Slide 5: Q1 2023 Financial Review
Q1 2023 Financial Review Revenue (US$m) EBITDA1 (US$m) EBIT DA Column1 EBIT DA margin 67% 70% 60% 40 55% 60% 40 47% Delayed sales of 50% 30 Delayed sales of 254,000 254,000 boe oil 60 inventory, 29 40%boe oil inventory, realised in Q2 26 realised in Q2 2023. 48 48 15 20 26% 30% 44 2023 Hence adjuste
Slide 6: Simplified Group Structure post Bond Restructuring
Simplified Group Structure post Bond Restructuring (9 February 2023) New Warrants Key shareholders¹: New Shareholders/ Shareholders ICU Trading Noteholders EMOV 88.89% Amundi 11.11% Equity Entitlement New Notes Nostrum Listed on LSE with symbol: NOG Oil & Gas Plc US$250m 5.00% 2026 SSNs Listed on AI
Slide 7: Supporting materials
Supporting materials
Slide 8: Interim Consolidated Statement of Financial Position
Q1 2023 Financial Results Interim Consolidated Statement of Financial Position Q1 2023 Financial Results 8
Slide 9: Interim Consolidated Statement of Comprehensive Income
Q1 2023 Financial Results Interim Consolidated Statement of Comprehensive Income Q1 2023 Financial Results 9
Slide 10: Interim Consolidated Statement of Cash Flows
Q1 2023 Financial Results Interim Consolidated Statement of Cash Flows Q1 2023 Financial Results 10
Slide 11: Consolidated Statement of Changes in Equity
Q1 2023 Financial Results Consolidated Statement of Changes in Equity Q1 2023 Financial Results 11
Slide 12: Thank you
en nostrum Thank you