Horizon Oil Limited · ASX:HZN
Horizon Oil — FY2013 Earnings Presentation
12 slides from Horizon Oil's earnings presentation, Aug 27, 2013
Slide 1: Financial Year 2013 Financial Results
HORIZON OIL LIMITED ABN 51 009 799 455 For personal use only Financial Year 2013 Financial Results 27 August 2013
Slide 2: Financial Year Highlights
Financial Year Highlights For personal use only Share Price 14% increase in Company's share price to A$0.33 during the year Reserves and contingent resources of 138 mmboe (91 mmboe following completion of R Reserves Strategic Alliance with Osaka Gas) 15% increase in production following successful c
Slide 3: Operational Results
Operational Results For personal use only No LTIs during the period HSE No significant loss of containment incidents (>1 barrel of oil equivalent) R Remaining i i reserves att MMaarii / M Manaia i fi fields, ld offshore ff h N New ZZealand, l d significantly i ifi tl upgraded to 8.8 mmbo from 5.2 mm
Slide 4: Net Reserves, Contingent Resources and Prospective Resources
Net Reserves1, Contingent Resources1 and Prospective Resources1 as at 30 June 2013, Post Osaka Gas Transaction For personal use only RESERVES CONTINGENT RESOURCES PROSPECTIVE RESOURCES Proven + Probable Proven + Probable Best Estimate PRL 4 (Stanley Liquids)4 Block 22/12 WZ 12- 0..4 mmbo Block 22/12
Slide 5: Forecast Net Production From Reserves + Contingent Resources
Forecast Net Production From Reserves + Contingent Resources as at 30 June 2013 2013, Post Osaka Gas Transaction For personal use only 25,000 20,000 ay Barrels of oil equivalent per da 15,000 10,000 5,000 0 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Maari Wei 6-12 + 12-8W Wei 1
Slide 6: Profit and Loss
Profit and Loss For personal use only 12 Months to 12 Months to June 2013 June 2012 (US$ million) (US$ million) • Continued robust gross profit despite Sales Revenue 48.1 50.4 Maari operational Gross Profit on Oil Sales 25.4 33.5 issues Unrealised (loss)/gain on revaluation • Unrealised 1.0 4.9 of c
Slide 7: Profit and Loss analysis
Profit and Loss analysis For personal use only 60.0 50.0 40.0 US$m 30.0 48.1 20.0 27.9 10.0 18.2 3.5 00 0.0 Revenue Operating Costs Corporate & Unrealised loss EBITDAX Depreciation, EBIT Finance Costs Tax expense Prof it af ter Tax Transaction on revaluation of Amortisation Costs conversion & Write-
Slide 8: Cash Flow
Cash Flow For personal use only 12 Months to 12 Months to June 2013 June 2012 (US$ million) (US$ million) • Maintaining a Opening Cash 19.3 64.6 healthy cash p g Activities ((excl Net Cash from Operating position to fund p 22 3 22.3 21 1 21.1 existing projects G&A) and activities General & Administr
Slide 9: Cash Flow Analysis
Cash Flow Analysis For personal use only 180.0 160.0 140.0 120.0 100.0 $m US$ 80.0 60.0 40.0 20.0 19.3 19.0 0.0 Opening cash Net Cash f rom General & Proceeds f rom Net proceeds Net Proceeds Repayment of Debt Development Exploration Cash at 30 at 30 June Operating Administrative share issues f rom a
Slide 10: Outlook for the next months
Outlook for the next 12 months For personal use only Corporate Completion of 1 for 7 entitlement offer and receipt of funds of A$53.5 million Completion of Osaka Gas Co Ltd transaction Significant increase in production and revenue growth driven by the Group’s China operations Maari/Manaia and
Slide 11: Next Month's Calendar Year Activity
Next 18 Month’s Calendar Year Activity For personal use only Exploration activities Q3 2013 Q Q4 2013 Q Q1 2014 Q Q2 2014 Q Q3 2014 Q Q4 2014 Q Development activities EALAND Manaia‐2 Process and interpret results Maari growth projects Maari exploration well NEW ZE Te Whatu seismic interpretation Whi
Slide 12: Financial Year Results Presentation Information
Financial Year Results Presentation Information For personal use only For further information: Michael Sheridan Chief Financial Officer/Company Secretary +61 2 9332 5000 exploration@horizonoil.com.au www.horizonoil.com.au The information in this presentation is an overview and does not contain all i