Nostrum Oil & Gas Plc · LSE:NOG
Nostrum Oil & Gas — Q1 2014 Earnings Presentation
13 slides from Nostrum Oil & Gas's earnings presentation, 2014
Slide 1: Nostrum Oil & Gas
Slide 2: Q1 2014 results
1 Q1 2014 results
Slide 3: Consistently delivering against targets
Q1 2014 results Consistently delivering against targets 1 • Continued strong production – average daily production of 48,350 boepd 2 • Proposed premium listing on the London Stock Exchange 3 • Strong cash flow generation in Q1 with EBITDA of US$163m 4 • Successful US$400m issuance of senior bonds at
Slide 4: Progress – Snapshot
Progress – Snapshot(1) Production Net Operating Cash flows(2) 60,000 200 55,000 50,000 48,350 48,458 150 128 boepd US$m 45,000 100 40,000 54 50 35,000 30,000 0 Q1 2014 Q4 2013 Q1 2014 Q4 2013 Robust Credit Metrics Earnings per share 3.0 31.0 Debt / LTM EBITDA (x) 30.8 30.8 30.7 1.9 US$ cents/Share 2
Slide 5: Q1 2014 Financial results
Q1 2014 Financial results Rolain hs ae o&Gas OY
Slide 6: Financial Overview – Q1 2014
Financial Overview – Q1 2014 US$m (unless otherwise stated) Q1 2014 Q4 2013 Change Revenue 227.0 237.8 (4.6)% Profit before tax 107.7 94.9 13.5% EBITDA(1) 163.0 139.4 16.9% Net income 57.9 57.7 0.3% Earnings per share (US$ cents)(2) 30.8 30.7 0.3% Dividend per share (US$ cents) – – – Capital expendi
Slide 7: Key performance indicators
Key performance indicators Opex/boe(1) Transport costs/boe 6.0 5.1 8.0 5.0 3.9 7.5 4.0 7.5 US$/boe US$/boe 3.0 7.0 7.0 2.0 6.5 1.0 0.0 6.0 Q1 2014 Q4 2013 Q1 2014 Q4 2013 EBITDA margin Tax/boe(2) 80% 16.0 14.8 15.0 75% 72% 14.0 US$/boe 70% 13.0 12.5 12.0 % 65% 59% 11.0 60% 10.0 55% 9.0 50% 8.0 Q1 20
Slide 8: Strong Balance Sheet and Enhanced Credit Metrics
Strong Balance Sheet and Enhanced Credit Metrics Highlights Credit Metrics 3.0 Debt / LTM EBITDA US$400m issuance of new senior bonds with a five-year maturity at a fixed coupon of 6.375% 1.9 2.0 1.1 (x) Continued improvement in EBITDA margin (72%) 1.0 0.7 0.7 Increased cash position by 163% to US$6
Slide 9: Supporting materials
3 Supporting materials
Slide 10: Consolidated Statement of Financial Position
Consolidated Statement of Financial Position 9 Source: IFRS Financial Statements.
Slide 11: Consolidated Statement of Comprehensive Income
Consolidated Statement of Comprehensive Income 10 Source: IFRS Financial Statements.
Slide 12: Consolidated Statement of Cash Flows
Consolidated Statement of Cash Flows 11 Source: IFRS Financial Statements.
Slide 13: 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