Tullow Oil Plc · LSE:TLW
Tullow Oil — Shareholder Meeting (May 2024)
13 slides from Tullow Oil's shareholder meeting presentation, May 16, 2024
Slide 1: 2024 Annual General Meeting
2024 Annual General Meeting 16 May 2024
Slide 2: Disclaimer
Disclaimer This presentation contains certain forward-looking statements that are subject to the usual risk factors and uncertainties associated with the oil and gas exploration and production business. Whilst Tullow believes the expectations reflected herein to be reasonable in light of the informa
Slide 3: Tullow 2024 Annual General Meeting: Agenda and Board of Directors
Tullow 2024 Annual General Meeting Board of Directors Agenda Phuthuma Nhleko Rahul Dhir Richard Miller Chairman Chief Executive Officer Chief Financial Officer Presentation Rahul Dhir, CEO Q&A Board of Directors Martin Greenslade Sheila Khama Genevieve Sangudi Senior Independent Director Independent
Slide 4: Presentation
Presentation 2024 Annual General Meeting
Slide 5: Building a unique African platform
Building a unique African platform Our purpose is to build a better future through responsible oil and gas development Opportunity >30 bn bbls1 West and East Africa proven resources offer rich future material scale and mature opportunities A partner for 8% of global oil supply Africa’s potential to
Slide 6: Delivering our strategy and plan in 2023
Delivering our strategy and plan in 2023 On track to deliver our target of c.$800 million free cash flow over the 2023-25 period Operational Capital Business excellence efficiency growth • Jubilee South East project • Materially improved balance • >30% increase in Jubilee delivery sheet with >$250m
Slide 7: Earning our reputation as a trusted partner for African energy
Earning our reputation as a trusted partner for African energy 2023 Sustainability performance Safe Shared Environmental Equality and operations prosperity stewardship transparency 0.20 $221m Progress $713m total recordable injury frequency local supplier spend to eliminate routine flaring and total
Slide 8: First quarter 2024 highlights
First quarter 2024 highlights Making progress and reiterating guidance A compelling value Operations Financials proposition c.66 kboepd $200-300 million Strong financial and Group working interest production in 1Q24 FCF guidance for 2024, weighted towards 2H24 operational performance 62-68 kboepd +$
Slide 9: Looking ahead to a sustainable high cash-yielding business
Looking ahead to a sustainable high cash-yielding business 3 2023-25 Prioritise deleveraging 2026+ Investment optionality to grow while investing to grow whilst retaining <1x leverage c.$800 Sustainable free cash flow generation 2 million Contingent proceeds from Uganda Sources and uses of cash at $
Slide 10: Resolutions
Resolutions 2024 Annual General Meeting
Slide 11: Ordinary resolutions
Ordinary resolutions Resolution 1 To receive and adopt the Company’s annual accounts for the financial year ended 31 December 2023, together with the reports of the Directors and auditor thereon. Resolution 2 To approve the Annual Statement by the Chair of the Remuneration Committee and the Annual R
Slide 12: Special resolution
Special resolution Resolution That the Company be and is hereby generally and unconditionally authorised to hold general meetings (other than 15 annual general meetings) on no less than 14 clear days’ notice, such authority to expire at the conclusion of the Annual General Meeting of the Company to
Slide 13: Tullow Oil plc
Tullow Oil plc 9 Chiswick Park, 566 Chiswick High Road London W4 5XT United Kingdom Tel: +44 (0)20 3249 9000 Email: ir@tullowoil.com Web: www.tullowoil.com