Nostrum Oil & Gas Plc · LSE:NOG
Nostrum Oil & Gas — Q1 2013 Earnings Presentation
12 slides from Nostrum Oil & Gas's earnings presentation, May 21, 2013
Slide 1: Q1 2013 Results
Q1 2013 Results 21 May 2013
Slide 2: Q1 2013 – Reaching full capacity
Q1 2013 – Reaching full capacity Q1 2013 results show Zhaikmunai’s achievement of production goals 1 • Substantial increase in production – 24% increase since Q4 ‘12 2 • Expansion of drilling program – 6 rigs in operations 3 • Maintenance of superior margins – 67% EBITDA margins in Q1 reflecting ope
Slide 3: Progress – Snapshot
Progress – Snapshot(1) Production – +24% Net Operating Cash flows(2) – + 85% 50,000 24% 46,273 120 37,183 97.8 40,000 100 30,000 80 boepd US$m 54.1 60 20,000 40 10,000 20 0 0 Q4 '12 Q1 '13 Q4 '12 Q1 '13 Enhanced Credit Metrics – Net debt / EBITDA Earnings per share down 15% 2.0 0.4 0.35 Debt / EBITD
Slide 4: Q1 2013 Financial Results
Q1 2013 Financial Results
Slide 5: Financial Overview – Q1 2013 vs. Q4 2012
Financial Overview – Q1 2013 vs. Q4 2012 US$m (unless otherwise stated) Q1 2013 Q4 2012 Change (%) Revenue 229 214 7% Operating Profit 117 90 31% EBITDA(1) 153 117 30% Profit after Tax 66 25 170% Earnings per share (US$)(2) 0.35 0.13 170% Dividend per share (US$) - - n/a Capital Expenditure(3) 42 10
Slide 6: Key performance indicators
Key performance indicators Opex/boe(1) Transport costs/boe 14.0 12.1 10 9.2 12.0 8 6.8 10.0 7.5 US$/boe 8.0 6 US$/boe 6.0 4 4.0 2.0 2 0.0 0 Q4 '12 Q1 '13 Q4 '12 Q1 '13 EBITDA margin Tax/boe(2) 80% 25 67% 20.0 55% 20 60% 15 US$/boe 40% 10.3 10 20% 5 0% 0 Q4 '12 Q1 '13 Q4 '12 Q1 '13 Improved operating
Slide 7: Strong Balance Sheet and Enhanced Credit Metrics
Strong Balance Sheet and Enhanced Credit Metrics Highlights Credit Metrics – Net debt / EBITDA < 1.0 x 2.0 Debt / EBITDA (x) " Lowered Net Debt/EBITDA by 15% 1.4 1.3 " Improved EBITDA Margins 0.9 1.0 0.7 " Increased cash position by 14% to $287m 0.0 Q4 '12 Q1 '13 Gross Debt / EBITDA Net Debt / EBITD
Slide 8: Supporting Materials
Supporting Materials
Slide 9: Consolidated Statement of Financial Position
Consolidated Statement of Financial Position March 31, 2013 December 31, In thousands of US Dollars (unaudited) 2012 (audited) ASSETS Exploration and evaluation assets 15,937 - Property, plant and equipment 1,240,817 1,222,665 Restricted Cash 3,766 3,652 Advances for equipment and construction 13,03
Slide 10: Consolidated Statement of Comprehensive Income
Consolidated Statement of Comprehensive Income Three months ended March 31 In thousands of US Dollars 2013 (unaudited) 2012 (unaudited) Revenue Revenue from export sales 196,712 139,287 Revenue from domestic sales 31,814 24,108 228,526 163,395 Cost of sales -72,402 -44,393 Gross Profit 156,124 119,0
Slide 11: Consolidated Statement of Cash Flows
Consolidated Statement of Cash Flows Three month ended March 31, 2013 2012 In thousands of US Dollars (unaudited) (unaudited) Cash flow from operating activities: Profit before income tax 103,555 75,956 Adjustments for: Depreciation and amortisation 36,031 21,923 Finance costs 11,571 9,897 Interest
Slide 12: 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