Nostrum Oil & Gas Plc · LSE:NOG
Nostrum Oil & Gas — H1 2018 Earnings Presentation
13 slides from Nostrum Oil & Gas's earnings presentation, 2018
Slide 1: H1 2018 Financial Results Presentation
H1 2018 Financial Results Presentation
Slide 2: H1 2018 Financial Results
H1 2018 Financial Results Establishing a solid platform for growth 1• US$113.2 million EBITDA1 generated from 29,886 boepd of sales volumes 2• Cash & cash equivalents2 of US$127.6 million and net debt of US$1,000.2 million as at 30 June 2018 3• EBITDA margin of 59.1% (H1 2017: 57.4%) 4• Binding agre
Slide 3: Sustainable strategy to grow production
Sustainable strategy to grow production 1 • Focus drilling on production wells in H2 2018 Delivering near term • Bring on a low pressure system in H2 2018 to extend life of older producing wells production growth • Appraisal wells: 52 deepening and 234 multi frac 2 • Complete GTU3 during 2018 Comple
Slide 4: Snapshot of key figures from H1 2018
Snapshot of key figures from H1 2018 Sales volumes Opex / boe1,2 50,000 6.0 37,844 5.2 40,000 30,874 5.0 28,909 4.4 US$ / boe 30,000 4.1 boepd 4.0 20,000 3.0 10,000 - 2.0 FY 2017 Q1 2018 Q2 2018 FY 2017 Q1 2018 Q2 2018 G&A costs / boe2 Gross debt / net debt 3.0 2.7 10.0x Gross Debt / LTM EBITDA 2.2
Slide 5: Capital discipline
Capital discipline Balance sheet Hedging programme • US$127.6 million cash and cash equivalents1 as at 30 June 2018 • 9,000 boepd of 2018 production hedged at a floor price of US$60/bbl • Net debt of US$1,000.2 million as at 30 June 2018 • US$60/bbl put option was funded through a call spread with •
Slide 6: H1 2018 Financial Results
H1 2018 Financial Results s nostrum a O&Gas
Slide 7: Financial Overview – H1 2018
Financial Overview – H1 2018 US$m H1 2017 H1 2018 Revenue 210.0 191.5 EBITDA1 120.6 113.2 Profit before tax 34.6 11.9 Current income tax expense (27.2) 0.2 Deferred income tax expense 6.0 (14.0) Net income / (loss) 13.4 (1.9) Earnings per share (USc) 2 8.0 (1.0) Capital expenditure3 89.6 95.5 Net ca
Slide 8: Balance Sheet Summary
Balance Sheet Summary Highlights Gross debt / net debt 10.0x • US$127.6 million cash & equivalents1 Gross Debt / LTM EBITDA 8.0x Net Debt / LTM EBITDA Leverage ratio • Successful refinancing of remaining bond debt with no maturities until 20222 6.0x 4.7x 5.0x 5.0x 4.1x 4.4x 4.4x 4.0x • 9,000 boepd h
Slide 9: Supporting materials
Supporting materials “oro s nostru a O&Gas st
Slide 10: Consolidated Statement of Financial Position
Consolidated Statement of Financial Position 10
Slide 11: Consolidated Statement of Comprehensive Income
Consolidated Statement of Comprehensive Income 11
Slide 12: Consolidated Statement of Cash Flows
Consolidated Statement of Cash Flows 12
Slide 13: Disclaimer
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 PRESEN