Oando Plc · NSENG:OANDO
Oando — H1 2013 Earnings Presentation
20 slides from Oando's earnings presentation, 2013
Slide 1: Oando PLC H1 2013 Performance Review
Oando PLC H1 2013 Performance Review www.oandoplc.com 1
Slide 2: Disclaimer
Disclaimer This presentation does not constitute an invitation to underwrite, subscribe for, or otherwise acquire or dispose of any Oando Plc (the “Company”) shares or other securities. This presentation includes certain forward looking statements with respect to certain development projects, potent
Slide 3: Contents
Contents I Asset Overview II Operational Highlights III H1 2013 Performance Review IV Strategic Overview V Q&A 3
Slide 4: Asset Overview
Asset Overview e Oando The energy to inspire...
Slide 5: Asset Overview
Asset Overview Description Assets • OER listed on the TSX • Producing assets: OML 125 & OML 56. • 94.6% ownership of OER • Development & appraisal: OML 134, OML 90, OML 13 Exploration & & OPL 236. Upstream Division Production • Exploration: OPL 278, OPL 282, OPL 321, OPL 323, OML122, JDZ, Block 26 &
Slide 6: Operational Highlights
Operational Highlights e Oando The energy to inspire...
Slide 7: Operational Update
Operational Update Upstream Division Midstream Division Downstream Division Exploration & Energy Gas & Supply & Production Services Marketing Marketing Power Trading Fund raising towards Zero Loss Time Injury Gas Network Services N32.5 Billion in LPG strategy still ongoing COP acquisition
Slide 8: H1 2013 Performance Review
H1 2013 Performance Review e Oando The energy to inspire...
Slide 9: Profit & Loss Highlights
Profit & Loss Highlights NGN’ Million H1 2013 H1 2012 Variance Turnover 280,328 350,609 (20%) -20% Gross Margin 30,234 31,014 (3%) Turnover of N280.3 Billion Non-interest Expenses (22,013) (21,281) 3% Other Operating Income 1,468 2,898 (49%) -19% EBITDA 15,338 18,874 (19%) EBITDA of N15.3 Billion Ne
Slide 10: Quarterly Contribution Breakdown
Quarterly Contribution Breakdown Contribution NGN’ Million Q2 Q1 Q1 43% Turnover 159,267 121,061 Q2 57% Gross Margin 17,186 13,048 Turnover of N280.3 Billion Non-interest Expenses (10,580) (5,784) Q2 45% Q1 Other Operating Income 275 1,193 55% EBITDA 6,880 8,458 Net Finance Costs (1,981) (1,552) EBI
Slide 11: Group Balance Sheet Highlights
Group Balance Sheet Highlights NGN’ Million H1 2013 FYE 2012 Variance Fixed Assets 10% 143,681 130,325 10% Non-current receivables Fixed Assets of N143.7Bn 12,255 10,619 15% Stock 22,284 18,111 23% Trade and other Debtors 142,863 113,935 25% 25% Bank and cash balances 26,550 13,409 98% Trade & Other
Slide 12: Group Debt Breakdown
Group Debt Breakdown Total Debt N237Billion Sources Uses OST GRP OGP N18Bn Short N90Bn N19Bn Term OMP GRP N133Bn N48Bn N10Bn E&P E&P Long OST OES N27Bn N110Bn Term N42Bn N80Bn N104Bn OGP OES N21Bn N9Bn Exploration & Energy Gas & Supply & Production Services Power Trading Marketing Marketing Use of F
Slide 13: Divisional Performance Analysis: PAT Analysis
Divisional Performance Analysis NGN Million Supply & Gas & Energy Exploration Marketing Trading Power Services & Production Turnover 112,816 214,138 13,305 11,030 10,964 Gross Margin 9,944 3,593 3,053 7,342 8,684 EBITDA 3,167 2,176 2,216 4,002 6,974 Profit before Tax (PBT) 1,060 2,135 2,743 (2,320)
Slide 14: Divisional Performance Analysis
Divisional Performance Analysis Gross Margin – N30.2 Billion E & P OES Turnover – N280.3 Billion 3% 3% OGP 4% OMP E&P OMP 27% 31% 30% OST OES OST 11% OGP 23% 59% 9% OMP, EBITDA – N15.3 Billion OMP 13% PAT – N4.3 Billion 17% E&P E&P OST 46% OST 38% 33% 12% OGP 12% OGP OES 22% 35% Total Group figures
Slide 15: Sector Performance - Upstream
Sector Performance - Upstream Exploration & Energy Production Services N’ Million H1 2013 H1 2012 Variance N’ Million H1 2013 H1 2012 Variance Turnover 10,964 11,714 (6%) Turnover 11,030 9,151 21% Gross Margin 8,684 7,822 11% Gross Margin 7,342 6,252 17% EBITDA 6,974 7,172 (3%) EBITDA 4,002 4,316 (7
Slide 16: Sector Performance - Midstream
Sector Performance - Midstream Gas & Power N’ Million H1 2013 H1 2012 Variance Turnover 13,305 9,332 43% Gross Margin 3,053 2,445 25% EBITDA 2,216 1,705 30% EBITDA Margin 17% 18% - Profit before tax (PBT) 2,743 1,880 46% Profit after tax (PAT) 2,019 1,368 48% Net Profit Margin 15% 15% - 16
Slide 17: Sector Performance - Downstream
Sector Performance - Downstream Supply & Oando Marketing Marketing Trading Marketing N’ Million H1 2013 H1 2012 Variance N’ Million H1 2013 H1 2012 Variance Turnover 214,138 251,199 (15%) Turnover 112,816 123,049 (8%) Gross Margin 3,593 4,872 (26%) Gross Margin 9,944 10,073 (1%) EBITDA 2,176 2,215 (
Slide 18: Strategic Overview
Strategic Overview e Oando The energy to inspire...
Slide 19: Strategic Overview
Strategic Overview Current: 2013 Mid Term: 2014-2015 Long Term: 2015 • Organic Growth Production, 5-10kboed • Combined Production of 55-75kboed • Growth Production 75-100kboed • Reserves 2P: 12.6-16mmbbls Reserves 2P: 300mmboe • Maintain production of 100kboed Exploration & • Inorganic Growth Acquis
Slide 20: Q&A
Q&A e Oando WWW. oand oO plc . com The energy to inspire...