Otto Energy Limited · ASX:OEL
Otto Energy — FY2022 Earnings Presentation
15 slides from Otto Energy's earnings presentation, Oct 4, 2022
Slide 1: ASX Release: FY 22 Financial Results Presentation
4 October 2022 ASX RELEASE FY 22 FINANCIAL RESULTS PRESENTATION Otto Energy Limited (ASX: OEL) (Otto or the Company) advises that it has today released its FY 22 results presentation. A copy of the presentation is appended to this release. Additional information can be found on the Company’s website
Slide 2: FY 2022 Update
FY 2022 UPDATE Delivering and growing value in 2022 and beyond ASX: OEL
Slide 3: Disclaimer and important notices
Disclaimer and important notices Forward Looking Statements This presentation contains "forward-looking statements" that are subject to risk factors that are associated with oil and gas businesses. It is believed that the targets reflected in these statements are reasonable, but they may be affected
Slide 4: Otto – Debt Free Enterprise
Otto – Debt Free Enterprise CAPITAL STRUCTURE LIQUIDITY POSITION SHARE REGISTER COMPOSITION Shares on issue 4,795 M Cash (30 Sept 2022) US$24.9 M Corporate/strategic 49% Share price (30 Sept 22) A$ 0.012 PANR stock * (30 Sept 2022) US$3.8M Retail 43% Options and share rights 96 M Debt - drawn (30 Se
Slide 5: Otto TSR vs Peer Universe
Otto TSR vs Peer Universe Australia Peers Horizon Oil Limited (ASX:HZN) 135.00% Byron Energy Limited (ASX:BYE) Cue Energy Resources Limited (ASX:CUE) Cooper Energy Limited (ASX:COE) 115.00% Central Petroleum Limited (ASX:CTP) GOM Comps Up 102% Australis Oil & Gas Limited (ASX:ATS) 95.00% Empire Ener
Slide 6: FY 22 Highlights
REVENUE FY 22 US$51.1m US$40.6m Total WI revenue Net Operating Revenue Highlights 29% 35% EARNINGS Set against the backdrop of the past year’s complexities, Otto’s strategy, US$30.2m US$27.1m together with its excellent EBITDAX * 348% EBITDA * 564% operational results, and strong oil and gas pricing
Slide 7: Otto Strategic Focus – Delivering Results
Otto Strategic Focus – Delivering Results 6
Slide 8: Company Overview
Company Overview Gulf of Mexico Onshore/Offshore Basin 7
Slide 9: FY 22 – Financial and Operational Highlights
FY 22 – Financial and Operational Highlights FINANCIAL PERFORMANCE (USD$) $40.6m $30.2m $15.5m $26.8m $2.3m Operating Revenue, EBITDAX * Net Income after tax Cash Balance Debt Balance at 30 June net of royalties at 30 June 2022 2022, to be paid off by 30 September 2022 O P E R AT I O N A L PERFORMAN
Slide 10: Year over Year Production
Year over Year Production Entirely unhedged as of 1 October 2022 9
Slide 11: OEL – Disciplined Capital Management Model
OEL – Disciplined Capital Management Model Our Disciplined Operating Model provides framework for creating value Exploration Build diversification of Gulf portfolio via: Returns to Shareholders Lower risk infrastructure led A. PDP Acquisitions, Distributions via sale, special B. Drill Participation
Slide 12: Capital Allocation Framework
Capital Allocation Framework Clear Target Investment Criteria Our capital allocation framework sets clear target investment criteria for oil and gas investments we are targeting. Using these criteria while maintaining balance sheet and financial discipline allows us to build a diversified folder whi
Slide 13: Otto Strategic Focus – Delivering Results
Otto Strategic Focus – Delivering Results 12
Slide 14: FY 2023 guidance ranges for performance
FY 2023 guidance ranges for performance Compared to FY 2022 actual delivery Performance category FY 22 (act.) FY 23 guidance range - Production (WI)(MMBOE) 0.845 0.90 – 1.05 Metrics to deliver fiscally disciplined performance - Capex spend (US$MM) 6.5 10.0 – 15.0 - Opex FLC spend (US$MM) 3.1 5.5 – 7
Slide 15: Otto Energy: delivering value
Otto Energy: delivering value 1 Experienced management 4 Phased growth A mature, opportunity-rich environment Creating growth access through rigorous inorganic opportunities evaluation 2 Maximizing our base A diverse, high-margin portfolio 5 Greater shareholder returns Build company size and scale t