Horizon Oil Limited · ASX:HZN

Horizon Oil — The CEO Sessions (ASX – Finance News Network) (April 2017)

10 slides from Horizon Oil's conference presentation, Apr 11, 2017

  1. Slide 1: ASX cover letter: The CEO Sessions investor presentation

    Horizon Oil Limited ABN 51 009 799 455 Level 6, 134 William Street, Woolloomooloo NSW Australia 2011 Tel +61 2 9332 5000, Fax +61 2 9332 5050 www.horizonoil.com.au 11 April 2017 For personal use only The Manager, Company Announcements ASX Limited Exchange Centre 20 Bridge Street Sydney NSW 2000 HORI

  2. Slide 2: Horizon Oil – The CEO Sessions, ASX – Finance News Network

    For personal use only Horizon Oil The CEO Sessions ASX – Finance News Network 11 April 2017 HORIZON OIL LIMITED ABN 51 009 799 455

  3. Slide 3: Disclaimer

    For personal use only Disclaimer Statements contained in this material, particularly those regarding the possible or assumed future performance, costs, dividends, returns, production levels or rates, prices, reserves, potential growth of Horizon Oil Limited, industry growth or other trend projection

  4. Slide 4: Horizon Oil snapshot

    For personal use only Horizon Oil (ASX:HZN) snapshot  Sydney-based public company listed on Australian Securities Exchange (ASX)  Portfolio of exploration, development and producing assets in Asia-Pacific region, with current net production of 4,000 bopd: ― 26.95% interest in Beibu Gulf fields off

  5. Slide 5: Corporate information as at March 2017

    For personal use only Corporate information as at 15 March 2017 Shareholders Private Shareholders > 5m 11% Institutional Investors Private 16% Shareholders < 5m 40% Management & Board 3% IMC 1,302m shares 30% Board of Directors John Humphrey Chairman Brent Emmett Chief Executive Officer / Managing D

  6. Slide 6: Horizon Oil as an investment proposition

    For personal use only Horizon Oil as an investment proposition Horizon Oil is poised for a share price re-rating off the back of:-  Strong, long-lived production profile and cash flow  Enviable free cash flow breakeven per barrel compared to peer companies  Stable financial position, with steadil

  7. Slide 7: Independent valuation and peer market multiples point to HZN share price re-rating

    For personal use only Independent valuation and peer market multiples point to HZN share price re-rating 0.7 0.66  HZN shares are undervalued with respect 0.6 A$/share to Grant Samuel independent valuation report 0.5 and peer multiples 0.4  With improving oil market fundamentals, 0.3 0.21 0.12 0.2

  8. Slide 8: 2017 Free Cash Flow breakeven at ~$33/bbl provides capacity for debt repayment

    For personal use only 2017 Free Cash Flow (FCF) breakeven at ~$33/bbl provides capacity for debt repayment  Continued focus on cost reduction and low opex in China drives down the breakeven price  Low breakeven price mitigates against potential oil price volatility, particularly in low oil price e

  9. Slide 9: Outlook for the next months

    For personal use only Outlook for the next 12 months Corporate Outlook  Operating cash flows will continue at increased levels as a result of additional revenues earned from China cost recovery production entitlement – remaining balance US$105 million (net to Horizon Oil), escalating at 9% pa  Con

  10. Slide 10: Contact: Brent Emmett

    For personal use only Please visit: www.horizonoil.com.au for:  Investor Presentations  Latest Announcements Contact: Brent Emmett Email: info@horizonoil.com.au Tel: +612 9332 5000 11 April 2017 9

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