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H1 2013 EARNINGS CALL – New Zealand Oil & Gas

New Zealand Oil & Gas · Mar 4, 2013 · 10 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. H1 2013 EARNINGS CALL – New Zealand Oil & Gas – slide 1
    Interim Results 2013
  2. H1 2013 EARNINGS CALL – New Zealand Oil & Gas – slide 2
    HY2013 Financial Results Highlights 3 cps interim dividend Solid cash flows from operations Investment in Cosmos expensed cash reserves Able to pay dividends and reinvest in growth 2
  3. H1 2013 EARNINGS CALL – New Zealand Oil & Gas – slide 3
    Interim Div 3 cents per share Fully imputed Paid on 5 April to shareholders at 15 March 3
  4. H1 2013 EARNINGS CALL – New Zealand Oil & Gas – slide 4
    Financial Summary Restated* 1H13 1H12 Change Production mmboe 0.5 0.6 -16% Ave Sales Price (oil & light oil) US/bbl 111.6 113.0 -1% In NZ million Revenue 47.9 54.6 -12% EBITDAX 27.9 33.0 -15% Exploration write-offs (6.5) (0.6) -983%…
  5. H1 2013 EARNINGS CALL – New Zealand Oil & Gas – slide 5
    Producing Assets Contribution by field In NZ million Kupe Tui Other 1H13 Revenue 31.2 16.6 47.9 EBITDAX 22.7 10.2 (5.0) 27.9 Exploration write-offs (6.5) (6.5) Depreciation and Amortisation (8.4) (2.4) (0.0) (10.8) EBIT 14.3 7.8…
  6. H1 2013 EARNINGS CALL – New Zealand Oil & Gas – slide 6
    Cash Flows In NZ million 1H13 1H12 Cash flows from operating activities 25.2 26.5 Cash flows from investing activities 1.6 25.3 Cash flows from financing activities (24.1) (15.3) Net Increase in cash and cash equivalents 2.7 36.5…
  7. H1 2013 EARNINGS CALL – New Zealand Oil & Gas – slide 7
    Investments, Cash and Debt Investments 18m in Exploration and Evaluation Assets 11m in Pan Pacific Petroleum (PPP) Cash Position at 31 December 2012 209 million cash balance (including US87m) 38 million debt facility, fully drawn…
  8. H1 2013 EARNINGS CALL – New Zealand Oil & Gas – slide 8
    The search for new assets Our job is to balance a range of risks: Overseas exploration. New NZ basins. Timeline and resource to bring discoveries to production New producing assets needed medium term. 8
  9. H1 2013 EARNINGS CALL – New Zealand Oil & Gas – slide 9
    Portfolio development Offshore Drilling underway in Kisaran NZ activity New Taranaki permits Return to onshore Interest in entering new basins 9
  10. H1 2013 EARNINGS CALL – New Zealand Oil & Gas – slide 10
    Portfolio development Even with success, new exploration is 5-8 years from producing We are seeking new producing assets. 10

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