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4Q FY 2019 Results – Kosmos Energy

Kosmos Energy · Feb 24, 2020 · 32 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. 4Q FY 2019 Results – Kosmos Energy – slide 1
    4Q / FY 2019 Results February 24 2020 NYSE/LSE: KOS 0 Strictly Private and Confidential
  2. 4Q FY 2019 Results – Kosmos Energy – slide 2
    Agenda Delivering todayFit for tomorrow 2019 2020 Operational And The Year Ahead Financial Performance Integrating Climate Risk Into Our Strategy 2
  3. 4Q FY 2019 Results – Kosmos Energy – slide 3
    2019: Strong Operational And Financial Performance Kosmos delivered on its key targets in 2019 Exploration & Safety Financial Developments Reserves Appraisal 0 250 25% 5 of 7 100% Lost Time And Recordable Million Completion…
  4. 4Q FY 2019 Results – Kosmos Energy – slide 4
    2019: Best in Class Safety Zero lost time and recordable incidents in 2019 Lost Time Incident Rate (LTIR)1 Total Recordable Incident Rate (TRIR)1 0.30 1.2 0.25 1.0 0.20 0.8 LTIR TRIR 0.15 0.6 0.10 0.4 0.05 Zero 0.2 Zero…
  5. 4Q FY 2019 Results – Kosmos Energy – slide 5
    2019: Solid Financial Delivery Kosmos delivered on all key financial metrics in 2019 Strong Free Cash Flow1 Performance In 2019 Leverage Continues To Fall 300 2.5x 200 2.0x million 100 1.5x 0 1.0x 2017 2018 2019 Post…
  6. 4Q FY 2019 Results – Kosmos Energy – slide 6
    2019: Successful Exploration & Appraisal Campaign 5 of 7 Wells Successful in E&A Program Mauritania & Senegal Greater Tortue Ahmeyim-1 Reserve additions confirm scale of GTA 80% Discovered from Yakaar-2 480 MMBoe net Proved up the…
  7. 4Q FY 2019 Results – Kosmos Energy – slide 7
    2019: On Track Developments All three LNG hubs making progress towards commercialization Tortue Phase 1 on track Breakwater Subsea GTA-1 appraisal increases 2P reserves 21% complete 16% complete 25% complete at year end 2019 and on…
  8. 4Q FY 2019 Results – Kosmos Energy – slide 8
    2019: Reserves Replacement 100% Seventh successive year of proved reserve replacement 100% Ryder Scott 1P Reserves 2 Ryder Scott 2P Reserves 2 300 2016-Current 600 2016-2019 CAGR CAGR 52% 56% 250 500 200 400 MMBoe…
  9. 4Q FY 2019 Results – Kosmos Energy – slide 9
    Integrating Climate Risk Into Our Strategy Strictly Private and Confidential
  10. 4Q FY 2019 Results – Kosmos Energy – slide 10
    Our Purpose Sustainability is built into our purpose We recognize that creating long-term shareholder returns can only be achieved by advancing the societies in which we work. Supply the energy needed Find and develop cleaner…
  11. 4Q FY 2019 Results – Kosmos Energy – slide 11
    Responding to the Call for Action UN Sustainable Development Goals serve as a call to action to promote broad-based prosperity and protect the planet As a responsible company, Kosmos contributes to all of the UN SDGs, including:…
  12. 4Q FY 2019 Results – Kosmos Energy – slide 12
    Business Principles Support Strong ESG Performance Long-standing Business Principles shape how we manage the company and our relationships Responsibilities Ethical Our Commercial Kosmos Kosmos and the to Stakeholders Conduct Workplaces…
  13. 4Q FY 2019 Results – Kosmos Energy – slide 13
    Our Climate Change Policy We have an integrated approach to managing climate-related risk Establish governance structures to guide strategy and manage Governance climate-related risks and opportunities Set clear performance targets…
  14. 4Q FY 2019 Results – Kosmos Energy – slide 14
    Governance and Transparency We have a clear governance model for embedding climate change risk mitigation into our business Governance Transparency Kosmos submitted data to CDP in 2019 Board of Directors and will participate again…
  15. 4Q FY 2019 Results – Kosmos Energy – slide 15
    An Advantaged Portfolio With a lower carbon portfolio, Kosmos is well positioned to remain relevant through the energy transition Advantaged Oil: Low cost, lower carbon, short cycle1 Advantaged Gas: Low cost, lower carbon2 25 0.8…
  16. 4Q FY 2019 Results – Kosmos Energy – slide 16
    Measuring, Reducing and Mitigating Emissions We aim to achieve carbon neutrality for Scope 1 and Scope 2 by 2030 or sooner Measure Reduce Mitigate Set clear, time-bound Measure our direct and Mitigate remaining emissions targets to…
  17. 4Q FY 2019 Results – Kosmos Energy – slide 17
    Mitigating Emissions Nature-based solutions Joining established reforestation projects that have passed rigorous due diligence and are delivering carbon credits now Investing in promising new blue carbon project with potential…
  18. 4Q FY 2019 Results – Kosmos Energy – slide 18
    Integrating Climate Risk Into Our Strategy Scenario analysis tests resilience of Kosmos portfolio Scenarios Assumes no change in todays policies and projects a 1 IEA Current Policies Scenario warming of 4C Assumes stated…
  19. 4Q FY 2019 Results – Kosmos Energy – slide 19
    Evaluating the Resilience of our Portfolio The resilience of each asset has been tested Impact of Impact of Sustainable As of 1/1/20 New Policies Scenario Development Scenario Comments on Asset NPV on Asset NPV Least impacted as…
  20. 4Q FY 2019 Results – Kosmos Energy – slide 20
    Impact of Scenario Analysis on Kosmos Portfolio We are optimizing our portfolio to remain relevant through the energy transition Continue to expand our short-cycle infrastructure-led exploration portfolio Discretionary Cash Flow Focus…
  21. 4Q FY 2019 Results – Kosmos Energy – slide 21
    Sustainability is Central to our Strategy Responding fully to the UN Sustainable Commitment to address Scope 3 emissions Development Goals by providing affordable and cleaner sources of energy Commitment to transparency through…
  22. 4Q FY 2019 Results – Kosmos Energy – slide 22
    2020: The Year Ahead Strictly Private and Confidential
  23. 4Q FY 2019 Results – Kosmos Energy – slide 23
    Production Well work, infill drilling, facilities debottlenecking, and enhanced reliability expected to maintain production base Ghana Gulf of Mexico Equatorial Guinea 27-29 Mboed 24-28 Mboed 11-13 Mboed Jubilee Infill - Kodiak…
  24. 4Q FY 2019 Results – Kosmos Energy – slide 24
    ILX Gulf of Mexico Plan to drill three ILX wells identified from five high-graded prospects to build three potential new production hubs Spencer / Tiberius Zora / Honey Ryder Highland Rim 30-50 30-50% 35-50% 2H 2020 MMbbl IRR…
  25. 4Q FY 2019 Results – Kosmos Energy – slide 25
    Gulf of Mexico ILX Portfolio Deep hopper of ILX prospects replenished and high graded through lease sales and seismic acquisition 71 23 375 5 MMBoe of Net Unrisked Years of Future Gross Blocks Prospects Resource Potential Drilling…
  26. 4Q FY 2019 Results – Kosmos Energy – slide 26
    ILX Equatorial Guinea Advancing Asam (S-5) development and maturing ILX prospect inventory EG Tie-Back Potential Asam discovery (S-5) Currently advancing development concept, integrating well results and final seismic volumes ILX…
  27. 4Q FY 2019 Results – Kosmos Energy – slide 27
    Developments Mauritania & Senegal Progress advantaged gas developments.deliver self funded, long-term source of cash flow 100 TCF GIIP De-Risked Across 3 Hubs: 30 MTPA LNG Capacity Three Distinct Assets Kosmos has made the strategic…
  28. 4Q FY 2019 Results – Kosmos Energy – slide 28
    Basin Opening Exploration Matured high-quality exploration opportunities Sao Tome & Principe (Late 2020) Namibia (2021) Suriname (2021) Sao Tome & Principe (Block 6) Namibia (PEL 39) 45% WI Suriname (Block 42) 33.3% WI 25% WI AVO…
  29. 4Q FY 2019 Results – Kosmos Energy – slide 29
    Capital Expenditure 2020 budget weighted towards facilities upgrades, development drilling, and ILX Capital Expenditure by Geography Capital Expenditure by Type Basin-Opening Other Basin-Opening Other Facilities Exploration…
  30. 4Q FY 2019 Results – Kosmos Energy – slide 30
    2020 Guidance 1Q 2020 FY 2020 Production1,2 63,000 67,000 boe/day 62,000 70,000 boe/day Opex 14.50-16.50/boe 14.50-16.50/boe DD&A 22.00-24.00/boe 22.00-24.00/boe G&A3 30-34 million 115-125 million Exploration 36-40 million…
  31. 4Q FY 2019 Results – Kosmos Energy – slide 31
    Kosmos Energy Delivering todayFit for tomorrow Delivered Solid Targeting Another Year Operational And Financial Of Strong Free Cash Flow Performance In 2019 Delivery In 2020 Integrating Climate Risk Into Our Strategy And…
  32. 4Q FY 2019 Results – Kosmos Energy – slide 32

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