Nostrum Oil & Gas Plc · LSE:NOG
Nostrum Oil & Gas — H1 2015 Earnings Presentation
12 slides from Nostrum Oil & Gas's earnings presentation, 2015
Slide 1: Simple Sustainable Successful: H1 Results Presentation
Simple Sustainable Successful H1 Results Presentation
Slide 2: H1 Financial Results
H1 Financial Results Financial and operational stability in a volatile and uncertain oil price environment 1 • Stable production volumes — 8.0 mmboe / 44,337 boepd (H1 2014: 8.5 mmboe / 46,569 boepd) 2 • Adaptable cost base — +15% reduction in combined Opex1, G&A and transportation costs for the per
Slide 3: Progress – Snapshot
Progress – Snapshot Production Net Operating Cash flows1 100,000 300.0 250.0 75,000 200.0 167.4 177.3 US$mm boepd 46,370 46,569 44,337 50,000 150.0 100.0 25,000 56.1 50.0 - - H1 2013 H1 2014 H1 2015 H1 2013 H1 2014 H1 2015 Robust Credit Metrics Earnings per share 4.0x Gross Debt / LTM EBITDA Net Deb
Slide 4: H1 2015 Financial Results
H1 2015 Financial Results 2 engstrum
Slide 5: Financial Overview – H1 2015
Financial Overview – H1 2015 US$mm H1 2014 H1 2015 Change Revenue 445.0 274.1 (38.4%) Profit before tax 179.8 51.8 (71.2%) EBITDA1 312.7 152.6 (51.2%) Net income 91.8 16.1 (82.4%) Earnings per share (US$c)2 50.0 9.0 (82.0%) Distribution per common unit (US$c) 35.0 27.0 (22.9%) Capital expenditure3 1
Slide 6: Progress – Snapshot
Progress – Snapshot Opex / boe1 Transport costs / boe 7.0x 7.5x 7.3 Transport cost / boe (US$) 5.9 6.0x 7.0 7.0x Opex / boe (US$) 5.0x 4.6 6.6 4.2 4.0x 6.5x 3.0x 6.0x 2.0x 5.5x 1.0x - 5.0x H1 2013 H1 2014 H1 2015 H1 2013 H1 2014 H1 2015 EBITDA margin Tax/boe2 70% 12.0x 11.3 10.6 65% 62% 63% 10.0x EB
Slide 7: Strong Balance Sheet and Enhanced Credit Metrics
Strong Balance Sheet and Enhanced Credit Metrics Highlights Robust Credit Metrics 4.0x Gross Debt / LTM EBITDA Net Debt / LTM EBITDA • +56% EBITDA margin 3.5x 2.8x 3.0x Leverage ratio • US$238.1mm cash & equivalents 2.5x 2.1x 1.9x 2.0x 1.6x 1.5x 1.1x • Modest leverage metrics maintained 0.8x 1.0x 0.
Slide 8: Supporting materials
Supporting materials p engstrum
Slide 9: Consolidated Statement of Financial Position
Consolidated Statement of Financial Position 9
Slide 10: Consolidated Statement of Comprehensive Income
Consolidated Statement of Comprehensive Income 10
Slide 11: Consolidated Statement of Cash Flows
Consolidated Statement of Cash Flows 11
Slide 12: 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