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1Q 2019 Earnings Presentation – Kosmos Energy

Kosmos Energy · May 6, 2019 · 12 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. 1Q 2019 Earnings Presentation – Kosmos Energy – slide 1
    1Q 2019 Results 6 May 2019 NYSE/LSE: KOS 1Q 2019 Results May 6, 2019 0 Strictly Private and Confidential
  2. 1Q 2019 Earnings Presentation – Kosmos Energy – slide 2
    KEY MESSAGES FROM CAPITAL MARKETS DAY 2019-21: Expect to generate around 1 billion of free cash flow at Cash 60 Brent, potential upside from M/S sell down Generation 2019-21: Production growth of 8-10% per year Infrastructure…
  3. 1Q 2019 Earnings Presentation – Kosmos Energy – slide 3
    1Q HIGHLIGHTS Strong Start To 2019 Cash Generation Production 1Q production 59,500 boepd, above midpoint of guidance, remain on track for 69-73 mboed for 2019 Ghana Jubilee currently producing 100,000 bopd gross Gas…
  4. 1Q 2019 Earnings Presentation – Kosmos Energy – slide 4
    1Q HIGHLIGHTS Strong Start To 2019 Infrastructure-Led Exploration Gulf of Mexico Apparent high bidder on nine blocks in Lease Sale 252 Equatorial Guinea Progressing G-13 targeting 25-200 mmboe Secured rig option slot, expected to…
  5. 1Q 2019 Earnings Presentation – Kosmos Energy – slide 5
    GULF OF MEXICO: RIGHT BASIN, RIGHT TIME Competition At Historical Lows Easy Access, Plentiful Opportunities, Available Infrastructure 100 1,200 Low Competition 80 1,000 of companies 800 60 of bids 600 40 400…
  6. 1Q 2019 Earnings Presentation – Kosmos Energy – slide 6
    GULF OF MEXICO: LEASE SALE 252 Lease Sale Provides Low-Cost Resource Additions In Gulf Of Mexico APPARENT HIGH UNRISKED MULTIPLE PROSPECTS RESOURCE: BIDDER ON SUPPORTING FIVE 420 MMBOE GROSS NINE BLOCKS FUTURE HUBS 290 MMBOE…
  7. 1Q 2019 Earnings Presentation – Kosmos Energy – slide 7
    GROWING THE GULF OF MEXICO Significant Progress Since Entering The Gulf Of Mexico In September 2018 ACCRETIVE SUCCESSFUL STRONG SIGNIFICANT ACQUISITION INTEGRATION GROWTH POTENTIAL Acquired DGE, a Successful Increased…
  8. 1Q 2019 Earnings Presentation – Kosmos Energy – slide 8
    BUILDING FUTURE HUBS Deep Prospect Inventory Provides Multi-Year Growth Opportunity Target Gross Probability Hub Prospects Working Expected Timing Resources of Success (MMboe) Interest (%) (%) Resolution, Defiance, Sioux…
  9. 1Q 2019 Earnings Presentation – Kosmos Energy – slide 9
    BALANCE SHEET STRENGTH Recent High Yield Bond Transaction Pushes Maturity to 2026 Debt Maturity Profile (mm) 1,000 800 600 400 200 0 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 RBL RCF 7 7/8 Notes due…
  10. 1Q 2019 Earnings Presentation – Kosmos Energy – slide 10
    SHARE REGISTER Significant Reduction In Private Equity Shareholdings Private Equity Shares % of Shares Outstanding1 60% 25% 40% 13% 9% 20% 30% 12% 23% 2% 8% 7% 0% 2016 2017 2018 Current Warburg Blackstone First…
  11. 1Q 2019 Earnings Presentation – Kosmos Energy – slide 11
    FY2019 GUIDANCE No Change to FY 2019 Guidance FY 2019 Production1,2 69,000 73,000 boe/day Opex 12.00-15.00/boe DD&A 22.00-25.00/boe G&A3 115-125 million Exploration Expense 30 million average/quarter Net Interest 35-37…
  12. 1Q 2019 Earnings Presentation – Kosmos Energy – slide 12
    1Q 2019 Results May 6, 2019 12

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