Slide 1: YE 2019 Results Highlights
YE 2019 Results Highlights 1 7 Ap r i l 2 0 2 0 “Supplying energy in an environmentally conscious manner to the benefit of all our stakeholders” SDX ENERGY WWW.SDXENERGY.COM
Slide 2: Contents Page
2 Contents Page Business Environment & Outlook 3 Year End Results: 2019 Financials 5 Year End Results: 2019 Production 6 Year End Results: 2019/2020 8 Drilling & Operations 2020 Guidance: Production 9 2020 Guidance: Drilling & 10 Operations Valuation & Share Price 11 Performance SDX ENERGY WWW.SDXEN
Slide 3: Business Environment and Outlook
Business Environment and Outlook 3 SDX’s business is extremely resilient in challenging current environment Business has sound defensive qualities and downside protection against recent sharp oil price decline: • Growing production in a fixed-price gas-weighted portfolio with no linkage to oil price
Slide 4: Business Environment and Outlook: COVID-19
Business Environment and Outlook 4 SDX’s business is extremely resilient in challenging current environment Business has demonstrated resilience and continuity during COVID-19 pandemic however situation is serious and dynamic : Morocco • Three customers in Morocco, including the Company’ largest cus
Slide 5: YE 2019 Financial Highlights
YE 2019 Financial Highlights 5 Production growth, robust operating cash flow, capital discipline and good liquidity • 14% growth in entitlement production offset 10% reduction in realised oil price resulting in broadly flat revenues of US$53.2 Twelve months ended December 31 million for YE19. US$ mi
Slide 6: 2019 Production
2019 Production 6 FY19 Production 14% higher than FY18 and exceeding/at upper end of guidance • FY19 entitlement production of 4,062 boe/d 14% higher than FY18, and by each asset exceeding or being at upper end of 2019 guidance. Gross production boe/d SDX entitlement production boe/d Asset Actual FY
Slide 7: 2019 Production
2019 Production 7 FY19 Production 14% higher than FY18 and exceeding/at upper end of guidance • Significant milestone reached in Q4 2019, when South Disouq was brought onto production on time and on budget. South Disouq has contributed to production from 7 November 2019. • CPF and well performance e
Slide 8: 2019/2020 Operational Update
2019/2020 Operational Update 8 2019/2020 Drilling & Operations – growing production, reserves and resources Morocco drilling extends reserve life supporting lower CO2 emissions in $10-$12 gas price environment • Commencing in Q4 2019, seven ‘close-to-infrastructure’ wells were drilled during the 201
Slide 9: 2020 Operational Guidance
2020 Operational Guidance 9 Increasing volumes of fixed priced gas drives FY20 guidance significantly higher than FY19 • 2020 production guidance of between 6,750 – 7,000 boe/d is 66 – 72% higher than 2019 actual production. • Forecast production growth driven by gas businesses in Egypt and Morocco,
Slide 10: 2020 Capex Guidance
2020 Capex Guidance 10 FY20 - Capex Guidance reduced and majority of capex now incurred • FY20 capex guidance revised down to US$24.7 million from US$25.5 million. • Other than SD-12X (‘Sobhi’) currently drilling, South Disouq and Morocco 2020 capex programmes already completed. Only 20% of FY20 tot
Slide 11: Valuation & Share Price Performance
Valuation & Share Price Performance 11 • Given SDX’s resilience to low oil prices, the Group’s market cap reflects a materially undervalued position compared to its underlying asset base indicated by the independent 2P reserves valuation. • Shares at 13.5p/sh trade at an operating cash flow (2019) m
Slide 12: Disclaimer
Disclaimer This document, which is personal to the recipient, has been issued by SDX Energy Plc (the “Company”). This document does not constitute or form any invitation to 12 engage in investment activity nor shall it form part of any offer or invitation to sell or issue, or any solicitation of any
Slide 13: Forward-looking Information
Forward-looking Information Certain statements contained in this press release may constitute "forward-looking information" as such term is used in applicable Canadian securities laws. Any 13 statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, pr
Slide 14: Non-IFRS Measures
Non-IFRS Measures 14 This news release contains the terms “Netback,” and “EBITDAX” which are not recognized measures under IFRS and may not be comparable to similar measures presented by other issuers. The Company uses these measures to help evaluate its performance. Netback is a non-IFRS measure th
Slide 15: Oil and Gas Advisory
Oil and Gas Advisory Certain disclosures in this news release constitute “anticipated results” for the purposes of National Instrument 51-101 – Standards for Oil and Gas Activities of the 15 Canadian Securities Administrators because the disclosure in question may, in the opinion of a reasonable per
Slide 16: SDX ENERGY WWW.SDXENERGY.COM
16 SDX ENERGY WWW.SDXENERGY.COM