Nostrum Oil & Gas Plc · LSE:NOG
Nostrum Oil & Gas — Q1 2020 Earnings Presentation
11 slides from Nostrum Oil & Gas's earnings presentation, May 2020
Slide 1: Q1 2020 Financial Results
Q1 2020 Financial Results May 2020
Slide 2: Summary
Q1 2020 Financial Results Summary • Revenue of US$60.4m (Q1 2019: US$95.5m) • EBITDA1 US$31.7m (Q1 2019: US$58.7mm) Financial • Closing cash US$66m2 with net debt of US$1,050m3 • Appointed financial and legal advisors for possible Notes restructuring • Ensuring the health and safety of staff and ope
Slide 3: Snapshot of key figures
Q1 2020 Financial Results Snapshot of key figures Production and sales volumes [kboepd] • Field production impacted by higher than anticipated 31.3 29.5 decline rates and suspension of drilling 28.6 • Q1 2020 production 24.0k boepd 26.7 • Q1 2020 sales volumes 22.9k boepd 24.0 22.9 • FY 2020 guidanc
Slide 4: Capital discipline
Q1 2020 Financial Results Capital discipline Balance sheet Capex reduction • US$66m1 cash and cash equivalents as at 31 March • Drilling halted 2020 • All non essential capex under review • Net debt of US$1,050m2 as at 31 December 2020 • All workover related capex needs to make a return • No debt ma
Slide 5: An infrastructure hub in North-western Kazakhstan
Q1 2020 Financial Results An infrastructure hub in North-western Kazakhstan Russia Key Nostrum acreage (existing) Nostrum acreage (being acquired) Oil export Chinarevskoye Kazakhstan Gas condensate field pipeline Atyrau-Samara Oil field Nostrum Gas Treatment Facility Rozhkovskoye Railway Gas export
Slide 6: Key focus areas for 2020
Q1 2020 Financial Results Key focus areas for 2020 Maximise • Utilise our gas processing infrastructure commercial • Advance discussions with third parties interested in supplying raw gas potential • Await update from UOG on delivery of raw gas Liquidity • Seek to cut costs across all parts of the b
Slide 7: Supporting materials
4 nostrum Cues Supporting materials
Slide 8: Consolidated Statement of Financial Position
Q1 2020 Financial Results Consolidated Statement of Financial Position 8
Slide 9: Consolidated Statement of Comprehensive Income
Q1 2020 Financial Results Consolidated Statement of Comprehensive Income 9
Slide 10: Consolidated Statement of Cash Flows
Q1 2020 Financial Results Consolidated Statement of Cash Flows 10
Slide 11: This presentation is not an offer or solicitation of an offer
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