Asset Overview www.oandoplc.com ..the energy to inspire
Asset Overview Description Operational Assets Largest indigenous producer in Nigeria Producing assets: OMLs 60-63, OML 125, OML 56 & OML 13. Exploration & OER Listed on the TSX Development & appraisal: OML 90, OML 122, OML 131, OML…
Operational Update www.oandoplc.com ..the energy to inspire
Operational Update ..the energy to inspire Upstream Division Midstream Division Downstream Division Exploration & Energy Supply & Production Services Gas & Power Marketing Trading Terminals Completes 2014 year-end Zero Loss…
FYE 2014 Financial Highlights www.oandoplc.com
FYE 2014 Profit & Loss Highlights Vs. FYE 2013 Turnover of EBITDA of Loss after tax of -7% -4% -13264% N 426 Bn N 46 Bn N 184 Bn NMillion FYE 2014 FYE 2013 Variance Turnover 425,693 456,984 (7%) Gross Margin 69,575 59,433…
FYE 2014 Performance Review Turnover for the period was N31 Billion down from previous year. Downstream: Reduced by Midstream: Increased by OES: Reduced by E&P: Increased by N68Bn against prior year N5.2Bn against prior year N6.2Bn…
FYE 2014 Performance Review Non-interest expenses are 163% higher than prior year; Non-interest Expenses The group recognised exchange loss of about N21.3Bn as a result of the devaluation of the naira, arising largely from dollar…
FYE 2014 Performance Review The following impairment loss of about N167 Bn was recognised during the year: Impairment Impairment loss on non-current asset N114.3Bn. This includes: of Assets OER Upstream asset (N76.9Bn), OES rigs…
Reconcilation of 2014 Actual to Annual Financial Statements Discontinued 2014 Discontinued 2013 NMillion FYE 2014 Operations as reported FYE 2013 Operations as reported Turnover 425,693 1,015 424,678 456,984 7,111 449,873 Gross…
Explanation of G&A in 2014 FYE - Other G&A NMillion FYE 2014 FYE 2013 Depreciation 18,897 9,980 Impairments 167,317 858 Other G&A 85,661 30,559 271,875 41,397 IMPAIRMENTS NMillion NMillion FYE 2014 Foreign Exchange Loss 29,972…
Group Balance Sheet Highlights Fixed Assets Long Term Receivables Short Term Borrowing 101 % N 694 Bn -78% N 3.4 Mn -70 % N 311 Bn NMillion FYE 2014 FYE 2013 Variance Non-current assets 690,038 344,119 101% Long term…
FYE 2014 Balance Sheet Review Non Current Non-current assets increased by (N345.9Bn) due to; Assets Goodwill on acquisition of COP - N157Bn Upstream assets acquired from COP - 171Bn Increase in upsteam asset investment - N29Bn…
Q1 Financial Highlights www.oandoplc.com ..the energy to inspire
Q1 2015 Profit & Loss Highlights Vs. Q1 2014 Turnover of EBITDA of Loss after tax 14% -91% -672% N 97.1 Bn N 0.7 Bn N 21 Bn NMillion Q1 2015 Q1 2014 Variance Turnover 97,070 85,269 14% Gross Margin 20,458 14,462 41%…
Q1 2015 Performance Review Turnover Turnover for the period was N97 billion, 14% higher than previous year mainly due to: Increased liftings from OHL as a result of COP acquisition (N17.6 Bn). 14 % This was negated by N3.5 Bn in…
Q1 2015 Performance Review Non-Interest Non-Interest Expenses for the period was 187% above prior year due to: Expenses Unrealized exchange loss due to Naira devaluation N13.5 Bn. -214 % Additional administrative expenses in…
Reconciliation of Q1 2015 to Interim Financial Statement Discontinued Q1 2015 Discontinued Q1 2014 NMillion Q1 2015 Operations as reported Q1 2014 Operations as reported Turnover 97,070 64,042 33,028 85,269 67,268 18,001 Gross…
Q1 2015 Group Balance Sheet Highlights Fixed Assets Receivables Short Term Borrowing 6 % N 591 Bn -5 % N 133 Mn -11 % N 277 Bn NMillion Q1 2015 FYE 2014 Variance PPE & Intangibles 591,053 559,747 6% Stock 20,075…
H1 Financial Highlights www.oandoplc.com ..the energy to inspire
H1 2015 Profit & Loss Highlights Vs. H1 2014 Turnover of EBITDA of Loss After Tax of -7% -91% -491% 180 N Bn N 2.8 Bn N 35.1 Bn NMillion H1 2015 H1 2014 Variance Turnover 180,028 194,558 (7%) Gross Margin 37,085 50,506…
H1 2015 Performance Review Turnover decrease of N70.7 Bn (28% N13.4 Bn decrease in gross margin against negative variance) comparative period due to: Vs. H1 2014 Loss of revenue in 2015 due to unit Decline in OES revenue as analyzed…
H1 2015 Performance Review Non-interest expenses increased Depreciation and amortization increased compared to previous year by 151% compared to prior year due to: Net Interest Unrealized exchange loss due to Naira Increased…
H1 Quarterly Contribution Breakdown NMillion Q2 Q1 Turnover 82,958 97,070 Gross Margin 16,171 19,741 Non-interest Expenses (9,561) (22,573) Other Operating Income (5,192) 3,559 EBITDA 1,417 728 Net Finance Costs (10,922)…
Reconciliation of H1 2015 to Interim Financial Statements Discontinued H1 2015 Discontinued H1 2014 NMillion H1 2015 Operations as reported H1 2014 Operations as reported Turnover 180,028 119,709 60,319 194,558 138,888 55,670 Gross…
H1 2015 Group Balance Sheet Highlights Fixed Assets Receivables Short Term Borrowing 6 % N 595 Bn -13 % N 123 Mn -26% N 229 Bn NMillion H1 2015 FYE 2014 Variance PPE & Intangibles 595,343 559,747 6% Stock 17,859…
Strategic Oveview www.oandoplc.com ..the energy to inspire
Strategic Highlights Current: 2015 Midterm: 2017 Long Term: 2019 Production of 56kboepd (H1 2015 Average) Production Target: 80kboepd Production Target: 100kboepd 2P Reserves of 420mmboe Reserves Replacement Ratio Target of 1:1 2P…
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