Tullow Oil Plc · LSE:TLW
Tullow Oil — H1 2024 Earnings Presentation
7 slides from Tullow Oil's earnings presentation, Aug 7, 2024
Slide 1: Fact Book
Fact Book Tullow Oil plc | 2024 Half Year Results 7 August 2024
Slide 2: Summary of 2024 Half Year Results
Summary of 2024 Half Year Results 1H 2024 1H 2023 Sales revenue ($m) 759 777 Gross profit ($m) 460 351 Operating profit ($m) 467 288 Profit before tax ($m) 368 217 Profit after tax ($m) 196 70 Basic earnings per share (cents) 13.5 4.9 Underlying operating cash flow ($m) 169 188 Pre-financing cash fl
Slide 3: Production and capital expenditure
Production and capital expenditure Group production (kboepd) 1H 2024 Actual FY 2024 Range Jubilee oil 35.1 c.34 TEN oil 10.4 c.10 Total Ghana oil 45.5 c.44 Gabon 10.2 c.10 Côte d’Ivoire 0.9 c.1 Non-operated portfolio oil 11.1 c.11 Gas production 7.0 c.7 GROUP PRODUCTION TOTAL 63.7 c.62 1H 2024 Capit
Slide 4: Operating expenditure and depreciation
Operating expenditure and depreciation Operating Data 1H 2024 2024 Forecast OPERATING COSTS 1 $/boe $/boe Côte d’lvoire 41.6 40 Gabon 2 28.7 30 Ghana 3 7.2 9 1H 2024 2024 Forecast DEPRECIATION 1 $/boe $/boe Côte d’lvoire 20.0 6 Gabon 6.5 7 Ghana 3 19.1 18 1. Working interest basis. 2. Includes royal
Slide 5: Liquidity, net debt and hedging
Liquidity, net debt and hedging Liquidity headroom $m 30 Jun 2024 Revolving Credit Facility (SSRCF) 500 Free cash balance 205 Total facility headroom plus free cash 705 Net debt $m 30 Jun 2024 Total debt 1 2,008 Total cash on balance sheet 2 (273) Total net debt 1,735 1. $493m notes due 2025, $1,385
Slide 6: Net daily entitlement as % production
Net daily entitlement as % production Contract Type 2024 ($80/bbl) CÔTE D’IVOIRE Espoir PSC 70 GABON Echira Corp Tax 100 Etame 1 PSC 0 Niungo Corp Tax 100 Ezanga PSC 79 Tchatamba Corp Tax 100 Simba Corp Tax 100 GHANA Jubilee & TEN PA 95 1. At a higher oil price, Tullow might be entitled to some prof
Slide 7: Tullow Oil plc contact details
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