Brava Energia Sa · BMFBOVESPA:BRAV3
Brava Energia Sa — Q1 2021 Earnings Presentation
10 slides from Brava Energia Sa's earnings presentation, Aug 13, 2021
Slide 1: Results Presentation 1Q21
Results Presentation May 12, 2021 1Q21 1
Slide 2: Disclaimer
Disclaimer This presentation may contain forward-looking statements about future events that are not based on historical facts and are not assurances of future results. Such forward looking statements merely reflect the Company’s current views and estimates of future economic circumstances, industry
Slide 3: 1Q21 Highlights
1Q21 Highlights Strategy Operation ✓ Follow-On: primary offer of R$ 823 million, more than 3X ✓ Macau Cluster with strong quarterly result oversubscribed and with relevant overseas demand. Oil Production in Macau Resources will be used to strengthen the capital structure (thousand bblpd) 4.6 and ena
Slide 4: 3R Petroleum | Efficient portfolio management and prepared to grow
3R Petroleum | Efficient portfolio management and prepared to grow Total production of the 6 assets to be Redevelop, Revitalize and Operation focused on operated by 3R reached a daily average of Rethink Oil and Gas Fields ~19.2kboe(¹) in 1Q21 with ~17.0kboe(2) Upstream and built to regarding 3R port
Slide 5: A New Growth Avenue | Creation of 3R Offshore
A New Growth Avenue | Creation of 3R Offshore Professional Experience Mr. Diniz worked in Petrobras 100% during 38 years with several high- 70% 30% level management positions: Macau 38 years of ✓ General Manager of Deployment experience and Subsea Operations 3R OFFSHORE Pescada ✓ Executive Manager o
Slide 6: 3R Reserves | Certified Reserves Overview
3R Reserves | Certified Reserves Overview Distribution of 3R’ Portfolio - 2P Reserves 3R's strategy is focused on the (Mboe) 178.4 Mboe development and production of 16.7 (2) 178.4 2P certified proven and probable certified 61.2 reserves reserves 24.9 12.6 73% 130.4Mboe or 73% of 3R's 47.9 (1) 15.1
Slide 7: Oil Production in Macau
Oil Production in Macau | Operation shows first results of 3R management Production with High Efficiency Macau Oil Production - Monthly (bblpd) 4,836 Oil production reached an average of ~ 4.6 4,593 kbbld in 1Q21, 22.3% higher than 1Q20. In March, production amounted ~4.8 Kbbld, 4,228 34.4% higher t
Slide 8: 3R Total Production
3R Total Production | Considering 3R’s participation in the 6 acquired assets Oil & Gas Production for 3R (1) (thousand boepd) 17.5 17.0 Polo Macau operation is mainly 16.9 16.5 16.0 16.0 16.3 1.2 responsible for the growth of the 15.8 15.8 1.3 1.5 1.5 0.7 consolidated production 1.5 0.8 1.7 1,7 1.4
Slide 9: Financial Performance | 100% of Macau and 35% of Pescada
Financial Performance | 100% of Macau and 35% of Pescada Net Revenue Adjusted EBITDA +57.0% (R$MM) (R$MM) +55.8% 132.8 79.3 +1.2% +4.4% 9.5 49.9 50.5 81.7 85.2 10.3 9.4 123.3 71.4 75.9 3Q20 3T20 4Q20 4T20 1Q21 1T21 3Q20 3T20 4Q20 4T20 1Q21 1T21 Adjusted EBITDA 56.3% 59.3% 59.7% Margin Macau Pescada
Slide 10: Investment thesis on track and next steps
Investment thesis on track and next steps Strategy Evaluation of onshore and offshore opportunities, anchored in strict financial discipline, optimizing the operation, taking advantage of synergies and implementing redevelopment plans Operational ✓ Focus on the transition of Rio Ventura, Fazenda Bel