Nostrum Oil & Gas Plc · LSE:NOG
Nostrum Oil & Gas — FY2019 Earnings Presentation
13 slides from Nostrum Oil & Gas's earnings presentation, April 2020
Slide 1: FY 2019 Financial Results
FY 2019 Financial Results April 2020
Slide 2: Summary
FY 2019 Financial Results Summary • Revenue of US$322m (2018: US$390m) • EBITDA1 US$200m (2018: US$231mm) • Closing cash US$94m2 with net debt of US$1,042m3 Financial • Cash position as of 31st March 2020 in excess of US$64m • FY2019 impairment charge of US$1.4b following reserves write down • Bondh
Slide 3: Snapshot of key figures
FY 2019 Financial Results Snapshot of key figures Production and sales volumes [kboepd] • FY 2019 production impacted by higher than 31.3 29.5 anticipated decline rates and unsuccessful drilling 28.6 26.7 programme • FY 2019 production 28.6k boepd • FY 2019 sales volumes 26.7k boepd • FY 2020 guidan
Slide 4: Capital discipline
FY 2019 Financial Results Capital discipline Balance sheet Capex reduction • US$94m1 cash and cash equivalents as at 31 • Drilling halted December 2019 • All non essential capex under review • Net debt of US$1,042m2 as at 31 December 2019 • All workover related capex needs to make a return • No debt
Slide 5: 2020 Ryder Scott reserves audit
FY 2019 Financial Results 2020 Ryder Scott reserves audit Probable Proven 410 11 33 112 116 312 Reduced drilling programme and downgraded forecast of condensate yields for Biyski NE reservoir (c.64 mmboe) 138 Reduced drilling programme and reduction of in-place No firm plans for volumes and condensa
Slide 6: Summary of reserve revisions by reservoir and category
FY 2019 Financial Results Summary of reserve revisions by reservoir and category Ryder Scott 2018 Change 2018 vs. 2019 Ryder Scott 2019 Reservoir Unit Proven Probable Total Proven3 Probable Total Proven Probable Total Biyski/Afoninski [mmboe] 63.9 43.8 107.7 (31.7) (32.4) (64.1) 32.2 11.4 43.6 NE Bi
Slide 7: An infrastructure hub in North-western Kazakhstan
FY 2019 Financial Results An infrastructure hub in North-western Kazakhstan Russia Key Nostrum acreage (existing) Nostrum acreage (being acquired) Oil export Chinarevskoye Kazakhstan Gas condensate field pipeline Atyrau-Samara Oil field Nostrum Gas Treatment Facility Rozhkovskoye Railway Gas export
Slide 8: Key focus areas for 2020
FY 2019 Financial Results Key focus areas for 2020 Maximise • Utilise our gas processing infrastructure commercial • Advance discussions with third parties interested in supplying raw gas potential • Await update from UOG on delivery of raw gas Liquidity • Seek to cut costs across all parts of the b
Slide 9: Supporting materials
Supporting materials 9
Slide 10: Consolidated Statement of Financial Position
FY 2019 Financial Results Consolidated Statement of Financial Position 10
Slide 11: Consolidated Statement of Comprehensive Income
FY 2019 Financial Results Consolidated Statement of Comprehensive Income 11
Slide 12: Consolidated Statement of Cash Flows
FY 2019 Financial Results Consolidated Statement of Cash Flows 12
Slide 13: 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 presentation or b