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Q1 2015 EARNINGS CALL – Nostrum Oil and Gas Plc

Nostrum Oil and Gas Plc · May 26, 2015 · 14 slides

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Slides

  1. Q1 2015 EARNINGS CALL – Nostrum Oil and Gas Plc – slide 1
  2. Q1 2015 EARNINGS CALL – Nostrum Oil and Gas Plc – slide 2
    Q1 2015 Results May 2015
  3. Q1 2015 EARNINGS CALL – Nostrum Oil and Gas Plc – slide 3
    FIRST QUARTER 2015 RESULTS Solid financial and operational results in challenging oil price environment 1 Stable production volumes 4.1 mboe / 45,479 boepd (FY 2014: 44,400 boepd) 2 Meaningful reductions in costs per barrel Opex /…
  4. Q1 2015 EARNINGS CALL – Nostrum Oil and Gas Plc – slide 4
    Capital discipline remains a core element of Nostrums strategy Balance sheet strength US318.3m cash and cash equivalents on balance sheet at year end US400.0m 6.375% Notes maturing in 2019 with no maintenance covenants US560.0m…
  5. Q1 2015 EARNINGS CALL – Nostrum Oil and Gas Plc – slide 5
    Key performance indicators Opex/boe1 Transport costs/boe4 6.0 9.0 7.9 5.3 8.0 7.0 US/boe 5.0 US/boe 4.3 6.0 5.2 5.0 4.0 4.0 3.0 3.0 2.0 1.0 2.0 - Q4 2014 Q1 2015 Q4 2014 Q1 2015 EBITDA margin Tax/boe2 80%…
  6. Q1 2015 EARNINGS CALL – Nostrum Oil and Gas Plc – slide 6
    Stable production combined with significant near term production growth Production summary & guidance (boepd) 100,000 70,000 Completion of GTU III construction during 2016 46,178 44,400 45,000 45,000 36,940 13,158…
  7. Q1 2015 EARNINGS CALL – Nostrum Oil and Gas Plc – slide 7
    Operational performance underpinned by substantial core asset base Chinarevskoye Field 2P reserve progression since 2004 (mboe)1,2 Proved Probable Trident fields 582 571 535 529 530 539 522 506 98 98 397 395 353 311 284…
  8. Q1 2015 EARNINGS CALL – Nostrum Oil and Gas Plc – slide 8
    2 Q1 2015 Financial Results
  9. Q1 2015 EARNINGS CALL – Nostrum Oil and Gas Plc – slide 9
    Financial Overview USmm (unless otherwise stated) Q4 2014 Q1 2015 Change Revenue 162 100 (38%) Cost of Sales (64) (46) (28%) General & Administrative Expenses (13) (12) (3%) EBITDA1 81 50 (39%) Profit Before Tax 86 9 (90%) Net…
  10. Q1 2015 EARNINGS CALL – Nostrum Oil and Gas Plc – slide 10
    Strong Balance Sheet and Enhanced Credit Metrics Highlights Credit Metrics 3.0 +49% EBITDA margin 2.5x Debt / LTM EBITDA (x) 1.9x Cash position of US318m 2.0 1.7x 1.1x Gross Debt of US950m 1.0 Net Debt of US632m 0.0 Q4…
  11. Q1 2015 EARNINGS CALL – Nostrum Oil and Gas Plc – slide 11
    3 Supporting materials
  12. Q1 2015 EARNINGS CALL – Nostrum Oil and Gas Plc – slide 12
    Consolidated Statement of Financial Position 11
  13. Q1 2015 EARNINGS CALL – Nostrum Oil and Gas Plc – slide 13
    Consolidated Statement of Comprehensive Income 12
  14. Q1 2015 EARNINGS CALL – Nostrum Oil and Gas Plc – slide 14
    Consolidated Statement of Cash Flows 13

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