Nostrum Oil & Gas Plc · LSE:NOG
Nostrum Oil & Gas — Q1 2021 Earnings Presentation
11 slides from Nostrum Oil & Gas's earnings presentation, May 18, 2021
Slide 1: Financial Results for the three months ended 31 March, 2021
Financial Results for the three months ended 31 March, 2021 18 May 2021
Slide 2: Q1 2021 Financial Results Summary
Q1 2021 Financial Results Summary • Revenue of US$46.2m (Q1 2020: US$60.4m). Financial • EBITDA1 US$26.8m (Q1 2020: US$31.7m). • Closing cash US$85.3m2 with net debt of US$1,124.5m3. • We continue to take active steps to manage costs and liquidity. • COVID 19 remains of the utmost concern. Actions c
Slide 3: Snapshot of key figures
Q1 2021 Financial Results Snapshot of key figures Production Production (average boepd) • Production still declining. 40,000 30,000 • Work-over and well intervention programme started 20,000 in April 2021. Expected cost just over US$7m. 10,000 - Qtr1 Qtr2 Qtr3 Qtr4 Qtr1 Qtr2 Qtr3 Qtr4 Qtr 1 • Progra
Slide 4: Focus on Liquidity Management
Q1 2021 Financial Results Focus on Liquidity Management Cash Balances, including restricted cash under the Forbearance Agreement 120 91.3 93.9 66.1 75.7 88.7 91.5 106.8 100 80 US$ million 60 40 20 0 30 Sept 2019 31 Dec 2019 31 March 2020 30 June 2020 30 Sept 2020 31 Dec 2020 31 March 2021 Cash at ba
Slide 5: Debt Restructuring
Q1 2021 Financial Results Debt Restructuring • First Forbearance Agreement signed on 23 October 2020. • Under the terms of the First Forbearance Agreement, certain holders agreed to forbear from the exercise of certain rights and remedies under the indentures governing the Notes. The agreed forbeara
Slide 6: An infrastructure hub in North-western Kazakhstan
Q1 2021 Financial Results An infrastructure hub in North-western Kazakhstan Russia Key Nostrum acreage (existing) Nostrum acreage (being acquired) Oil export Chinarevskoye Kazakhstan Gas condensate field pipeline Atyrau-Samara Oil field Nostrum Gas Treatment Facility Rozhkovskoye Railway Gas export
Slide 7: Supporting materials
Supporting materials 7
Slide 8: Consolidated Statement of Financial Position
Q1 2021 Financial Results Consolidated Statement of Financial Position 31 March 31 December In thousands of US Dollars Notes 2021 2020 Assets Non-current assets Property, plant and equipment 4 321,088 339,406 Right-of-use assets 2,071 2,755 Advances for non-current assets 5 9,031 9,034 Restricted ca
Slide 9: Consolidated Statement of Comprehensive Income
Q1 2021 Financial Results Consolidated Statement of Comprehensive Income For the three months ended 31 March In thousands of US Dollars Notes 2021 2020 Revenue Revenue from export sales 39,195 42,291 Revenue from domestic sales 6,995 18,086 15 46,190 60,377 Cost of sales 16 (25,309) (33,160) Gross p
Slide 10: Consolidated Statement of Cash Flows
Q1 2021 Financial Results Consolidated Statement of Cash Flows For the three months ended 31 March In thousands of US Dollars Notes 2021 2020 Cash flow from operating activities: Loss before income tax (18,210) (17,099) Adjustments for: Depreciation, depletion and amortisation 16,17,18 18,723 23,559
Slide 11: Disclaimer
This presentation is not an offer or solicitation of an offer to buy or sell securities. It is solely for use at an investor presentation and is provided as information only. This presentation does not contain all of the information that is material to an investor. By attending the presentation or b