Nostrum Oil & Gas Plc · LSE:NOG
Nostrum Oil & Gas — H1 2020 Earnings Presentation
12 slides from Nostrum Oil & Gas's earnings presentation, August 2020
Slide 1: Financial Results for the period ended 30 June 2020
Financial Results for the period ended 30 June, 2020 August 2020
Slide 2: H1 2020 Financial Results Summary
H1 2020 Financial Results Summary • Revenue of US$92.6m (H1 2019: US$174.2m) • EBITDA1 US$38.7m (H1 2019: US$110.2m) Financial • Closing cash US$75.7m2 with net debt of US$1,064m3 • Cash position as of 31st July 2020 in excess of US$76m (excluding restricted cash). • H1 2020 average sales volumes 22
Slide 3: Snapshot of key figures
H1 2020 Financial Results Snapshot of key figures Production decline reduced above expectations [thousands of boepd] 35 • Successful well intervention & workover programme has 31.3 29.5 28.6 reduced the rate of decline above expectations. 30 26.7 24.0 25 22.9 22.7 22.3 • FY 2020 guidance of 20 k boe
Slide 4: Capital discipline
H1 2020 Financial Results Capital discipline Cash & Debt • US$75.7m1 cash and cash equivalents as at 30 June 2020. • Net debt of US$1,064m2 as at 30 June 2020. • Low cash burn Capex by quarters • Drilling halted in 2020. 30 • Only essential capital expenditure being undertaken. US$25m US$26m 25 • Al
Slide 5: Bond Restructuring
H1 2020 Financial Results Bond Restructuring • Rothschild & Cie and White & Case LLP representing the Company. PJT and Akin Gump representing a steering group of bond holders. • Objective is to enter into a Restructuring Agreement with the bondholders. • The Company will use the applicable grace per
Slide 6: An infrastructure hub in North-western Kazakhstan
H1 2020 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: Key focus areas for 2020
H1 2020Financial Results Key focus areas for 2020 Maximise • Utilise our gas processing infrastructure commercial • Advance discussions with third parties interested in supplying raw gas potential • Continue to actively manage costs in line with the strategy to focus on processing third-party volume
Slide 8: Supporting materials
nostr en Oe inl Supporting materials
Slide 9: Interim Condensed Consolidated Statement of Financial Position
H1 Financial Results Interim Condensed Consolidated Statement of Financial Position 9
Slide 10: Interim Condensed Consolidated Statement of Comprehensive Income
H1 Financial Results Interim Condensed Consolidated Statement of Comprehensive Income 10
Slide 11: Interim Condensed Consolidated Statement of Cash Flows
H1 Financial Results Interim Condensed Consolidated Statement of Cash Flows 11
Slide 12: This presentation is not an offer or solicitation of an offer to buy or sell securities
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