Investor Presentation: BNP Paribas High Yield & Leveraged Finance Conference Harbour Energy plc January 2022
Harbour at a glance A global independent O&G company Norway UK c.200 kboepd (2022-2024) Mexico Vietnam 15-16/boe c.950 mmboe Operating cost1 2P reserves + 2C resources3 Brazil (2022F) (YE 2021) Indonesia c.1.3 bn2 200m per…
Key credit highlights A diversified business of scale underpinned by high quality and resilient assets 1 A cash generative portfolio with a significant degree of operational control and strong 2 focus on managing costs and…
Europe Assets a diversified business of scale underpinned by high quality and resilient assets West of Shetlands Beryl Area Significant asset diversification Operated Non-operated 90% of Groups production from the UK No single asset…
Significant near term value creation Track record of reserves replacement 2P reserves1 Production mmboe 2P reserves Production kboepd Reserves replacement supported by reinvestment 200 500 and M&A Proven track record in converting…
A diversified portfolio and disciplined hedging, underpins resilient revenue generation UK gas an increasing part of Harbours production mix Production Crude marketing, UK gas sales % Balanced and diverse portfolio (phase, quality, UK…
A strong financial position Net debt and leverage expected to reduce to 2.3-2.4bn and Significant liquidity, no material near term debt maturities 1.0x as of YE 2021 m 3,000 Significant liquidity, well in excess of 1bn as of YE 2021…
A robust financial framework Long term value creation at Harbour Energy Capital allocation priorities Operational inputs Responsible and safe 1 2 3 operator Safeguard Ensure a robust Shareholder balance and diverse returns sheet…
Three year (2022-2024) capital allocation outlook Balancing investment in attractive projects with a sustainable dividend policy and debt repayments Illustrative three year capital allocation1 m Largely discretionary Over 2022-2024,…
Guidance FY 20211 20211 FY 2022 Guidance Forecast Guidance Production 170-180 175 195-210 kboepd kboepd kboepd Operating cost 15-16 c.16 15-16 /boe /boe /boe Capital expenditure (ex decom.) 775 1.0 m bn c.1.1 bn…
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