Brava Energia Sa · BMFBOVESPA:BRAV3
Brava Energia Sa — Q2 2021 Earnings Presentation
10 slides from Brava Energia Sa's earnings presentation, Aug 13, 2021
Slide 1: Results Presentation 2Q21
Results Presentation August 4, 2021 | 2Q21 1 Photo: Rio Ventura Cluster | Recôncavo Basin | State of Bahia
Slide 2: Disclaimer
Disclaimer This presentation may contain forward-looking statements about future events that are not based on historical facts and are not assurances of future results. Such forward looking statements merely reflect the Company’s current views and estimates of future economic circumstances, industry
Slide 3: Highlights | Execution track-record in all aspects of the business
Highlights | Execution track-record in all aspects of the business Strategy Operation Papa-Terra Acquisition: ✓ Macau Cluster with another strong quarterly result Oil production in Macau (thousand bbl/d) +5.3% ✓ 2nd asset of 3R Offshore and the start of operations in deep waters; +17.7% 4.6 4.8 ✓ Ba
Slide 4: 3R Petroleum | Efficient portfolio management and ready to grow
3R Petroleum | Efficient portfolio management and ready to grow Redevelop, Revitalize and Rethink Oil and Gas Fields Total production of the 7 assets to be operated by 3R reached a daily average of ~36.8 kboe(¹) in 1H21 with ~24.7 kboe(2) regarding Potiguar 3R portion on those assets. Basin B C A 3R
Slide 5: M&A Timeline | 3R has a track record in carrying acquisitions at attractive multiples
M&A Timeline | 3R has a track record in carrying acquisitions at attractive multiples Considering 3R acquisitions, the average daily production of all 7 assets summed ~36.8 kboe/d in 1H21 with 178.4 Mboe of 2P reserves (not including Papa-Terra) 3R Operation Assets in transition 3R Offshore Assets i
Slide 6: 3R Offshore | Acquisition of the Papa-Terra Cluster
3R Offshore | Acquisition of the Papa-Terra Cluster Operational and Strategic Highlights Strategic acquisition: 2nd asset of 3R Offshore: ✓ US$ 105.6 MM for 62.5% of the asset (85% of the payment ✓ Relevant participation in the Company's total production; subject to the operational efficiency of the
Slide 7: Oil Production in Macau | Operational efficiency in one year of 3R management
Oil Production in Macau | Operational efficiency in one year of 3R management Macau Oil Production - Monthly (thousand bbl/d) +35% Production with High Efficiency 4.8 4.8 4.8 4.9 4.8 Oil production reached an average of 4,793 4.6 thousand bbl/d in 2Q21, 29.2% higher than 4.2 2Q20. In July, productio
Slide 8: 3R Total Production | Considering 3R's participation in the 7 acquired assets
3R Total Production | Considering 3R’s participation in the 7 acquired assets Oil & Gas Production for 3R (1) (thousand boe/d) Production related to 3R in 1H21 25.6 25.7 25.0 24.7 24.3 ✓ Average Production: 24,682 boe/d 22.8 ✓ Oil Production: 16,049 bbl/d (65% of the total) ✓ Gas Prodction: 1,373 km
Slide 9: Financial Performance | 100% of Macau and 35% of Pescada
Financial Performance | 100%(1) of Macau and 35% of Pescada Net Revenue Adjusted EBITDA (R$ MM) (R$ MM) +12.5% +15.1% +57.0% +55.8% 89.3 152.8 79.3 9.0 132.8 +1.2% 9.5 +4.4% +16.6% 49.9 50.5 81.7 85.2 143.8 10.3 9.4 123.3 71.4 75.9 3Q20 3T20 4Q20 4T20 1Q21 1T21 2Q21 2T21 Adjusted EBITDA 3Q20 3T20 4Q
Slide 10: Focus on operational efficiency combined with cash generation
Focus on operational efficiency combined with cash generation Strategy ✓ Assessment of opportunities in onshore and offshore assets, supported by strict financial discipline; ✓ Implementation of redevelopment plans for operating assets. Operational ✓ Focus on the operational transition of Recôncavo,