3Q 2018 Review & 2019 Outlook November 5, 2018 Strictly Private and Confidential
Kosmos Evolution to Full-Cycle E&P Full-cycle model provides sustainable growth with substantial optionality Production (Mboed)1 Kosmos Full-Cycle E&P CAGR 8-10% Larger production / cash flow base 67 GoM Pro forma 18 31 GoM…
Balanced Portfolio, Full-Cycle Growth Balanced portfolio of production, development, and exploration opportunities drives sustainable growth Well work and infill drilling PRODUCTION Ghana OPTIMIZATION Equatorial Guinea & EXPLOITATION…
Production Optimization & Exploitation Well work and infill drilling Ghana 3Q:18 Two rig program underway; expected to drive production towards 180,000 to 200,000 bopd (gross) Production: o Jubilee: 94,300 / 21,600 bopd (gross /…
Short-Cycle Production Growth Infrastructure-led exploration Gulf of Mexico Short-cycle tieback strategy already delivering results Nearly Headless Nick: oil discovery expected online in 2020 Basin expansion strategy underway…
Development of World Scale Discoveries Potential for multiple LNG hubs Tortue Progress Phase 1 FEED substantially complete Unit Development Plan submitted to both governments Agreement with Governments of Mauritania and Senegal on…
Longer-Cycle Frontier Exploration Potential for hub-scale discoveries Strategic Alliances Consistently partner with majors to leverage complimentary skillsets Strategic Alliance with Shell in Southern West Africa Initial focus…
2019 Capital Allocation Disciplined capital allocation across diverse and balanced portfolio PRODUCTION SHORT-CYCLE DEVELOPMENT LONGER-CYCLE OPTIMIZATION PRODUCTION OF WORLD-SCALE FRONTIER & EXPLOITATION GROWTH DISCOVERIES…
Sustainable Growth 2019 program delivers production growth, increased cash flow, and returns capital to shareholders Production (Mboed)1 EBITDAX (MM)1 CAGR CAGR 8-10% 10-15% 70 - 76 1,200 - 1,300 Guidance Range Guidance 67…
Strong Balance Sheet Significant cash flow generation supports rapid deleveraging and dividend payment Net Debt / EBITDAX 2.0x 1.7x 1.2x 3Q:18 2018E 2019E 11 Note: - 3Q:18 LTM, 2018E, and 2019E Net Debt to…
Building The Premier Atlantic Margin Deepwater E&P Continuing to build scale Delivering sustainable growth through a balanced portfolio Platform for Growth 8-10% CAGR in production / 10-15% CAGR in EBITDAX over 2018-2021…