Nostrum Oil & Gas Plc · LSE:NOG
Nostrum Oil & Gas — 9M 2013 Earnings Presentation
12 slides from Nostrum Oil & Gas's earnings presentation, Nov 20, 2013
Slide 1: 9 month 2013 Results
9 month 2013 Results 20 November 2013
Slide 2: 9m 2013 – Delivering on plan
9m 2013 – Delivering on plan 9m 2013 results show Zhaikmunai’s achievement of production goals 1 • Substantial increase in production – 20% increase over 9m ‘12 2 • Annual GTF maintenance shutdown successfully completed ahead of schedule 3 • Maintenance of superior margins – 9m EBITDA margins above
Slide 3: Progress – Snapshot
Progress – Snapshot Production: + 23% Operating profit (1): +23% 50,000 45,414 40,000 36,859 300 267 250 217 boepd 30,000 US$m 200 20,000 150 100 10,000 50 0 0 9m '12 9m '13 9m '12 9m '13 Robust Credit Metrics: Earnings per share: + 18% Net debt / EBITDA at 0.8x 2.0 0.9 Debt / EBITDA (x) 0.86 0.9 1.
Slide 4: 9m 2013 Financial Results
9m 2013 Financial Results
Slide 5: Financial Overview – 9m 2013 vs. 9m 2012
Financial Overview – 9m 2013 vs. 9m 2012 US$m (unless otherwise stated) 9m 2013 9m 2012 Change (%) Revenue 657 523 26% Operating Profit 267 217 23% EBITDA(1) 412 340 21% Net income 162 137 18% Earnings per share (US$)(2) 0.86 0.73 18% Dividend per share (US$) 0.34(3) 0.32 6% Cash used in investing a
Slide 6: Key performance indicators
Key performance indicators Opex/boe(1) Transport costs/boe 11.0 10.8 7.6 10.5 7.4 7.3 7.2 10.0 9.7 US$/boe 7.0 US$/boe 9.5 6.8 9.0 6.6 6.4 8.5 6.2 8.0 6.0 9m '12 9m '13 9m '12 9m '13 EBITDA margin Tax/boe(2) 70% 7 6.5 6 5.1 68% 66% 5 US$/boe 66% US$m 4 64% 3 63% 2 62% 1 60% 0 9m '12 9m '13 9m '12 9m
Slide 7: Strong Balance Sheet and Enhanced Credit Metrics
Strong Balance Sheet and Enhanced Credit Metrics Highlights Credit Metrics – Net debt / EBITDA < 1.0 x 2.0 Debt / EBITDA (x) Net Debt/TTM EBITDA kept below 1x at 0.8x 1.1 1.2 Stable EBITDA margins despite lower oil prices 1.0 0.8 Increased cash position by 19% to $225m vs. 9m 0.6 2012 0.0 9m '12 9m
Slide 8: Supporting Materials
‘ sv Ss Supporting Materials
Slide 9: Consolidated Statement of Financial Position
Consolidated Statement of Financial Position Sept. 30, 2013 December 31, In thousands of US Dollars (unaudited) 2012 (audited) ASSETS Exploration and evaluation assets 17,859 - Property, plant and equipment 1,300,523 1,222,665 Restricted cash 4,181 3,652 Non-current investments 30,000 - Advances for
Slide 10: Consolidated Statement of Comprehensive Income
Consolidated Statement of Comprehensive Income In thousands of US Dollars Nine months ended Sept. 30, 2013 2012 (unaudited) (unaudited) Revenue Revenue from export sales 565,408 442,924 Revenue from domestic sales 91,782 80,324 657,190 523,248 Cost of sales (206,544) (155,114) Gross profit 450,646 3
Slide 11: Consolidated Statement of Cash Flows
Consolidated Statement of Cash Flows In thousands of US Dollars Nine months ended Sept. 30, 2013 (unaudited) 2012 (unaudited) Cash flow from operating activities: Profit before income tax 267,088 217,365 Adjustments for: Depreciation, depletion and amortization 92,190 74,846 Employee share option pl
Slide 12: Disclaimer
Disclaimer This presentation is strictly confidential to the recipient, may not be distributed to the press or any other person, and may not be reproduced in any form in whole or in part for any purpose. Failure to comply with this restriction may constitute a violation of applicable securities laws