Nostrum Oil & Gas Plc · LSE:NOG
Nostrum Oil & Gas — H1 2022 Earnings Presentation
13 slides from Nostrum Oil & Gas's earnings presentation, August 2022
Slide 1: Financial Results for the period ended 30 June 2022
Financial Results for the period ended 30 June 2022 August 2022
Slide 2: 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
Slide 3: H1 2022 Financial Results Summary
H1 2022 Financial Results Summary • Restructuring on track and moving towards completion by end of Q3 / start of Q4 • Scheme Meeting of creditors scheduled for next week (22 August 2022) Strategic • US$1.125bn existing debt will be replaced with new US$550m notes (of which US$300m is effectively con
Slide 4: Operational review
H1 2022 Financial Results Operational review Production volumes (boepd)1 • H1 2022 average production volumes available for sales 14,167 boepd 19,341 H1 2022 ➢ Crude/condensate: 5,915 boepd (42%) 16,717 16,715 14,167 15,550 14,683 13,658 ➢ LPG: 1,748 boepd (12%) ➢ Dry gas: 6,504 boepd (46%) • Produc
Slide 5: Gearing up for the future
H1 2022 Financial Results Gearing up for the future DELIVERING OPTIMISING MAXIMISING Commercialise spare capacity in Finalise the restructuring Production from Chinarevskoye world-class processing facilities Comprehensive ESG roadmap for a Sales routes for optimal netbacks Adding to reserves sustain
Slide 6: Financial review
H1 2022 Financial Results Financial review Revenue (US$m) EBITDA1 (US$m) Revenue 112 EBITDA Brent average 120 EBITDA margin 101 100% 70 100 90% 80 60 80% 73 Widening Brent-Urals discount 67% 69 80 62% 50 58% 60% 70% 61 60 56% 54% 60% 50 53 60 40 46 46 48 50% 30 40 40% 20 40 30% 20 27 26 31 28 29 20%
Slide 7: Update on bond restructuring
H1 2022 Financial Results Update on bond restructuring • Necessary approvals received to convene Scheme Meeting allowing creditors to vote on 22 August • Sanction hearing scheduled shortly thereafter • c.4 weeks required post Sanction hearing for all closing documents and final authorisations requis
Slide 8: Q&A
4 nostrum Cues Q&A
Slide 9: Supporting materials
Oil&Gas Supporting materials
Slide 10: Infrastructure hub in North-western Kazakhstan
H1 2022 Financial Results Infrastructure hub in North-western Kazakhstan Fully commissioned 4.2bcm gas Regional opportunities to utilise Attractive access routes to multiple plant spare capacity export and domestic markets • Unique to North-West Kazakhstan • Ural Oil & Gas volumes expected from Q3 2
Slide 11: Interim Condensed Consolidated Statement of Financial Position
H1 2022 Financial Results Interim Condensed Consolidated Statement of Financial Position 11
Slide 12: Interim Condensed Consolidated Statement of Comprehensive Income
H1 2022 Financial Results Interim Condensed Consolidated Statement of Comprehensive Income 12
Slide 13: Interim Condensed Consolidated Statement of Cash Flows
H1 2022 Financial Results Interim Condensed Consolidated Statement of Cash Flows 13