Nostrum Oil & Gas Plc · LSE:NOG
Nostrum Oil & Gas — H1 2013 Earnings Presentation
12 slides from Nostrum Oil & Gas's earnings presentation, Aug 29, 2013
Slide 1: H1 2013 Results
H1 2013 Results 29 August 2013
Slide 2: H1 2013 – Delivering on plan
H1 2013 – Delivering on plan H1 2013 results show Zhaikmunai’s achievement of production goals 1 • Substantial increase in production – 31% increase over H1 ‘12 2 • Expansion of drilling program – 5 rigs in operations 3 • Maintenance of superior margins – EBITDA margins above 60% despite fall in oil
Slide 3: Progress – Snapshot
Progress – Snapshot Production: + 31% Net Operating Cash flows(1): + 6% 50,000 46,370 175 40,000 35,289 170 167.4 165 boepd 30,000 US$m 160 158.3 20,000 155 10,000 150 0 145 H1 '12 H1 '13 H1 '12 H1 '13 Enhanced Credit Metrics: Earnings per share: + 28% Net debt / EBITDA down to 0.7x 2.0 0.7 Debt / E
Slide 4: H1 2013 Financial Results
H1 2013 Financial Results
Slide 5: Financial Overview – H1 2013 vs. H1 2012
Financial Overview – H1 2013 vs. H1 2012 US$m (unless otherwise stated) H1 2013 H1 2012 Change (%) Revenue 442 323 37% Operating Profit 185 137 35% EBITDA(1) 285 213 34% Net income 112 87 29% Earnings per share (US$)(2) 0.59 0.46 28% Dividend per share (US$) 0.34(3) - n/a Capital Expenditure(4) 129
Slide 6: Key performance indicators
Key performance indicators Opex/boe(1) Transport costs/boe 9.0 8.9 8.9 7.4 7.2 8.8 7.2 7.0 6.9 US$/boe 8.6 US$/boe 6.8 8.4 6.6 8.2 6.4 6.2 8.0 6.0 H1 '12 H1 '13 H1 '12 H1 '13 EBITDA margin Tax/boe(2) 70% 12 11.4 11 68% 66% 10 9.2 US$/boe 66% US$m 9 64% 64% 8 7 62% 6 60% 5 H1 '12 H1 '13 H1 '12 H1 '13
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) Lowered Net Debt/EBITDA to 0.7x 1.3 1.2 Stable EBITDA margins despite lower oil prices 1.0 0.9 0.7 Increased cash position by 72% to $280m vs. H1 2012 0.0 H1 '12 H1 '13 Gross
Slide 8: Supporting Materials
‘ sv Ss Supporting Materials
Slide 9: Consolidated Statement of Financial Position
Consolidated Statement of Financial Position June 30, 2013 December 31, In thousands of US Dollars (unaudited) 2012 (audited) ASSETS Exploration and evaluation assets 15,835 - Property, plant and equipment 1,271,520 1,222,665 Restricted cash 4,154 3,652 Non-current investments 5,000 - Advances for n
Slide 10: Consolidated Statement of Comprehensive Income
Consolidated Statement of Comprehensive Income Six months ended June 30, 2012 In thousands of US Dollars 2013 (unaudited) (unaudited) Revenue Revenue from export sales 378,090 272,972 Revenue from domestic sales 64,409 50,437 442,499 323,409 Cost of sales (135,331) (94,976) Gross profit 307,168 228,
Slide 11: Consolidated Statement of Cash Flows
Consolidated Statement of Cash Flows Six month ended June 30, 2013 2012 In thousands of US Dollars (unaudited) (unaudited) Cash flow from operating activities: Profit before income tax 184,817 137,023 Adjustments for: Depreciation, depletion and amortization 63,931 46,210 Employee share option plan
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