Nostrum Oil & Gas Plc · LSE:NOG
Nostrum Oil & Gas — FY2013 Earnings Presentation
14 slides from Nostrum Oil & Gas's earnings presentation, Feb 1, 2019
Slide 1: Slide 1
Slide 2: 2013 Full Year Results – At a Glance
1 2013 Full Year Results – At a Glance
Slide 3: Record Financial and Operational Results in 2013
RECORD FINANCIAL AND OPERATIONAL RESULTS IN 2013 Nostrum continues to deliver record results and meet its targets in 2013 1 • 25% increase increase in production – to 46,178 boepd in 2013 2 • 2P Reserves now stand at 582m (20% increase over FY ‘12) 3 • Record EBITDA of US$551m (21% increase over FY’
Slide 4: Progress – Snapshot
Progress – Snapshot Production: + 25% Operating profit (1): + 28% 50,000 46,178 400 362 40,000 36,940 350 300 282 boepd 30,000 250 US$m 200 20,000 149 13,158 150 10,000 100 50 0 0 FY '11 FY '12 FY '13 FY '11 FY '12 FY' 13 Robust Credit Metrics: Earnings per share: + 37% Net debt / EBITDA at 0.7x 3.0
Slide 5: Double Production in Next 36 Months
Double Production in Next 36 Months Nostrum Oil & Gas - Historical & Projected Production (boepd) 100,000+ 46,178 36,940 13,158 7.442 7,752 4,823 5,095 2,210 2,357 2,843 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2016E All Products (crude oil, condensate, LPG and dry gas) Chinarevskoye provid
Slide 6: 2013 Full Year Financial Results
2 2013 Full Year Financial Results
Slide 7: Financial Overview – FY 2013 vs. FY 2012
Financial Overview – FY 2013 vs. FY 2012 Change from FY 12 US$m (unless otherwise stated) FY 2011 FY 2012 FY 2013 to FY 13 (%) Revenue 343 737 895 21% Operating Profit 149 282 362 28% EBITDA(1) 188 457 551 21% Net income 82 162 220 35% Earnings per share (US$)(2) 0.44 0.87 1.19 37% Dividend per shar
Slide 8: Key performance indicators
Key performance indicators Opex/boe(1) Transport costs/boe 10.0 8.4 8.0 8.0 7.5 7.4 5.3 5.7 US$/boe 6.0 US$/boe 7.0 4.0 7.0 6.9 2.0 6.5 0.0 6.0 FY '11 FY '12 FY '13 FY '11 FY '12 FY '13 EBITDA margin Tax/boe(2) 70% 20 16.2 65% 15 12.6 62% 62% 12.0 US$/boe US$m 60% 10 55% 55% 5 50% 0 FY '11 FY '12 FY
Slide 9: Strong Balance Sheet and Enhanced Credit Metrics
Strong Balance Sheet and Enhanced Credit Metrics Highlights Credit Metrics – Net debt / EBITDA < 1.0 x 3.0 Debt / EBITDA (x) 2.4 Net Debt/TTM EBITDA kept below 1x at 0.7x 2.0 1.7 Maintenance of EBITDA margins despite lower oil 1.4 prices 1.1 1.0 0.8 0.7 Closing cash of US$244m for FY ‘13 0.0 FY '11
Slide 10: 2013 Full Year Results – Detailed
4 2013 Full Year Results – Detailed
Slide 11: Consolidated Statement of Financial Position
Consolidated Statement of Financial Position December 31, 2013 December 31, 2012 December 31, 2011 In thousands of US Dollars (audited) (audited) (audited) ASSETS Exploration and evaluation assets 20,434 - Goodwill 30,386 - Property, plant and equipment 1,330,903 1,222,665 1,120,453 Restricted cash
Slide 12: Consolidated Statement of Comprehensive Income
Consolidated Statement of Comprehensive Income In thousands of US Dollars Full year ended December 31, 2013 2012 2011 (audited) (audited) (audited) Revenue Revenue from export sales 765,029 630,412 284,548 Revenue from domestic sales 129,985 106,653 16,289 895,014 737,065 300,837 Cost of sales (286,
Slide 13: Consolidated Statement of Cash Flows
Consolidated Statement of Cash Flows In thousands of US Dollars Full year ended December 31, 2013 (audited) 2012 (audited) 2011 (audited) Cash flow from operating activities: Profit before income tax 362,015 282,372 148,972 Adjustments for: Depreciation, depletion and amortization 120,370 102,711 19
Slide 14: 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