Oando Plc · NSENG:OANDO
Oando — Investor Presentation (August 2015)
19 slides from Oando's investor presentation, August 2015
Slide 1: Company Profile
Oando Plc Company Profile August, 2015 www.oandoplc.com ..the energy to inspire
Slide 2: Important Notice
Important Notice This presentation does not constitute an invitation to underwrite, subscribe for, or otherwise Possible Reserves: Possible reserves are quantities of recoverable hydrocarbons acquire or dispose of any Oando Plc (the “Company”) shares or other securities. estimated on the basis of en
Slide 3: Contents
Contents 04 08 > About Oando Plc > Strategic Highlights 09 12 > Investment Story > Appendix 3
Slide 4: About Oando Plc
About Oando Plc www.oandoplc.com ..the energy to inspire
Slide 5: Oando Overview
Oando Overview Public Listing Parent Primary Listing NSE Secondary Listing JSE Subsidiary ~ $ 2.91BN ~ $2.79 BN ~ $ 696 M Oando Energy Resources Listing 2013 Revenue Enterprise Value Market Capitalisation TSX Information dated 30th August 2015 5 Enterprise value calculated using adjusted net debt es
Slide 6: Financial Overview
Financial Overview Profit & Loss Statement Balance Sheet Statement $’ Million YTD SEPT 2013 2012 2011 $’ Million YTD SEPT 2013 2012 2011 2014 2014 Revenue 2,178 2,898 4,190 3,658 Fixed Assets 1,878 1,101 839 701 Revenue Growth -12% -31% 15% 44% Cash & Bank 283 178 86 120 2 EBITDA 331 211 237 139 Sho
Slide 7: Key Assets
Key Assets Exploration & Production ~ 56 kboepd 542 mmboe Upstream H1 2015 Average Net Production 2P Reserves & 2C Resources Energy Services 4 Swamp Drilling Rigs N65bn + Invested Midstream Gas & Power 125 Km Pipeline Network Combined Capacity to Deliver 101 mmcf/d 22.55 MW Power Generation Capacity
Slide 8: Strategic Highlights
Strategic Highlights Current: 2015 Midterm: 2017 Long Term: 2019 › Production of ~56kboepd (H1 2015 Average) › Production Target: > 80kboepd › Production Target: >100kboepd › 2P Reserves of 420mmboe › Reserves Replacement Ratio Target of 1:1 › 2P Reserves Target: >500mmboe › Maintain production on O
Slide 9: Investment Story
Investment Story www.oandoplc.com ..the energy to inspire
Slide 10: Why Invest in Oando Plc?
Why Invest in Oando Plc? ..the energy to inspire 1 2 3 Leading Largest Competent Competitive Position Indigenous E&P Player Management Team Its indigenous status positions the OER has transformed company into Highly skilled and experienced Company in the forefront to benefit the largest indigenous p
Slide 11: Exploration & Production Growth Strategy
Exploration & Production Growth Strategy ..the energy to inspire Growing Reserves & Resources Competitive Advantage Value Drivers Indigenous status and capacity Acquisition of proven reserves Capital raising capabilities, through Acquisition of near term producing TSX listing assets Presence in loca
Slide 12: Appendix
Appendix www.oandoplc.com ..the energy to inspire
Slide 13: Oando Energy Resources - Overview
Oando Energy Resources (TSX:OER) - Overview TSX Listing 7 Producing Assets 56,163 boepd 420.3 Mmboe 121.9 Mmboe 93.8% owned by PLC OMLs 60-63, Abo, Ebendo & Qua Ibo H12015 Average Net Production 2P Reserves 2C Resources $Million 1 H1 2015 2014 2013 2012 Revenue 223 421 127 135 Revenue Growth 256% 23
Slide 14: Energy Services - Overview
Energy Services - Overview 4 Swamp Rigs 1 Contracted to IOC > 40 % $ 92,000 + Largest Fleet in West Africa SPDC Market Share Rig Day Rate $Million YTD Sept 2013 2012 2011 2014 Revenue 87 140 132 92 Revenue Growth (16%) 6% 43% (3%) EBITDA 14 59 28 28 EBITDA Margin 17% 42% 21% 30% OES Teamwork Net Inc
Slide 15: Gas & Power - Overview
Gas & Power - Overview 125 km pipeline Network: IPPs (22.55MW of capacity) CPF (Central Processing Facility) Networks in Lagos & South East Off-takers are Lagos State parastatals Awarded contract to build Central Processing Facility $Million YTD Sept 2013 2012 2011 2014 Revenue 136 160 343 118 Revenu
Slide 16: Marketing - Overview
Marketing - Overview > 420 Retail Outlets 15 % Market Share In Nigeria 4 Terminals ~110 ML 3 Aviation Fuel Depots 2 Lube Blending Plants 55 mlitres/annum 8 LPG Filling Plants $Million YTD Sept 2013 2012 2011 2014 Revenue 1,005 1,388 1,581 1,277 Revenue Growth (9%) (12.2%) 24% 11% EBITDA 26 43 64 52
Slide 17: Supply & Trading - Overview
Supply & Trading - Overview c 15 % of Nigeriaʼs fuel requirement supplied > 4.2 BN Litres of refined products imported from 2008 to 2013 > $ 1.1 BN 2013 Revenues $Million YTD Sept 2013 2012 2011 2014 Revenue 1,258 1,079 3,801 3,971 Revenue Growth (31%) (72%) (4%) 275% EBITDA 26 28 13 18 EBITDA Margin
Slide 18: Terminals - Projects
Terminals - Projects Overview Oando’s entry into the terminals business completes its presence in all segments of the energy value chain. Description Rationale New 210,000 MT Growing demand for petroleum products in Nigeria: import terminal facility > Nigeria's growing dependence on importation of i
Slide 19: www.oandoplc.com
www.oandoplic.com GIOISICIOCN©