Nostrum Oil & Gas Plc · LSE:NOG
Nostrum Oil & Gas — Q1 2022 Earnings Presentation
13 slides from Nostrum Oil & Gas's earnings presentation, May 2022
Slide 1: Financial Results for the quarter ended 31 March 2022
Financial Results for the quarter ended 31 March 2022 May 2022
Slide 2: 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
Slide 3: Summary
Q1 2022 Financial Results Summary • Restructuring on track and moving towards Q3 completion • 99.99% of voting shareholders voted in favour of the restructuring terms Strategic • US$1.125bn existing debt will be replaced with new US$550m notes and 88.89% of the expanded equity in Group • Continued s
Slide 4: Operational review
Q1 2022 Financial Results Operational review Production volumes (boepd)1 • Q1 2022 average production volumes available for sales 14,683 boepd 19,341 ➢ Crude/condensate: 6,043 boepd (41%) 16,717 16,715 15,550 14,683 ➢ LPG: 1,780 boepd (12%) ➢ Dry gas: 6,860 boepd (47%) • Production decline continues
Slide 5: Financial review
Q1 2022 Financial Results Financial review Revenue (US$m) EBITDA1 (US$m) EBITDA EBITDA margin 100% 70 90% 60 60 67% 80% 53 62% 50 50 58% 70% 56% 54% 46 46 60% 40 50% 30 40% 20 41 30% 27 26 31 28 20% 10 10% 0 0% Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Cash gene
Slide 6: Update on bond restructuring
Q1 2022 Financial Results Update on bond restructuring • Agreement reached on restructuring terms with noteholders and shareholders • Scheme of arrangement pursuant to restructuring launched officially on 11 May via issuance of practice statement letter to noteholders Agreed restructuring terms Time
Slide 7: Gearing up for the future
Q1 2022 Financial Results Gearing up for the future DELIVERING OPTIMISING MAXIMISING Commercialise spare capacity in Finalise the restructuring Production from Chinarevskoye world-class processing facilities Comprehensive ESG roadmap for a Sales routes for optimal netbacks Adding to reserves sustain
Slide 8: Q&A
4 nostrum Cue Q&A
Slide 9: Supporting materials
4 nostrum Cue Supporting materials
Slide 10: Infrastructure hub in North-western Kazakhstan
Q1 2022 Financial Results Infrastructure hub in North-western Kazakhstan Fully commissioned 4.2bcm gas Regional opportunities to utilise Attractive access routes to multiple plant spare capacity export and domestic markets • Unique to North-West Kazakhstan • Ural Oil & Gas volumes expected from Q3 2
Slide 11: Interim Condensed Consolidated Statement of Financial Position
Q1 2022 Financial Results Interim Condensed Consolidated Statement of Financial Position 11
Slide 12: Interim Condensed Consolidated Statement of Comprehensive Income
Q1 2022 Financial Results Interim Condensed Consolidated Statement of Comprehensive Income 12
Slide 13: Interim Condensed Consolidated Statement of Cash Flows
Q1 2022 Financial Results Interim Condensed Consolidated Statement of Cash Flows 13