4Q22 & FY22 Results 27 February 2023 NYSE/LSE: KOS 1
Our Role In Responding To Global Energy Challenges Kosmos has the right strategy and portfolio at the right time Global Energy Affordability Challenges KOSMOS Growing energy supply to meet increasing global demand ROLE Providing…
A Differentiated Company: Five Years In The Making Delivered through a consistent and countercyclical strategy Industry Kosmos Increased focus onshore/shale Focus on world-class offshore fields Portfolio 3 strategic…
YE22 Reserve Base Supports Ongoing Growth 2P reserves-to-production life of 20 years Reserves: Liquids vs. Gas1 Kosmos 2P Reserves +2C Resources (mmboe) 1,2 2P 1P Gas Liquids Ghana EG GoM Mauritania Senegal 1P Reserves of…
A Unique Investment Case A differentiated strategy, quality portfolio and proven track record of delivery Quality reserve base Unique Gas/LNG Portfolio 20 Year 2P Reserves/Production Tortue, BirAllah, Yakaar-Teranga…
Supported By A Leading ESG Story Strong focus on ESG recognized by MSCI in late-2022 with an AAA rating Reducing Emissions Carbon neutrality for Scope 1&2 operated emissions in 2021 and 2022 Environment New equity emissions…
2022: A Year Of Continued Delivery Strictly Private and Confidential
2022: Strong Operational Delivery Strong operational delivery in support of our strategic goals Safe Production LNG developments operations on track progressing Zero LTIs / TRIRs 64,000 boepd in line Tortue Phase 1 90% No spills…
2022: A Record Year Growth and diversification continue to enhance the companys financial performance and resilience Record Revenue and EBITDAX (bn) Leverage Falling, Liquidity Rising1 1.2 5.0x 2.5 4.7x 4.0x 1.0 2.3 Liquidity…
2022: Growing Financial Resilience Strong free cash flow, leverage falling, ample liquidity, no near-term maturities Record Record Strong free Revenue EBITDAX cash flow 2.3 billion 1.4 billion 350 million Material debt…
4Q22 Financials In line with guidance 4Q 2022A Net Production 58,700 boe/day Realized Price1 75.6/boe Opex 20.2/boe DD&A 17.8/boe G&A2 26 million Exploration Expense3 12 million Net Interest 26 million Tax Exp. /…
2023: A Year Of Inflection Strictly Private and Confidential
Growth in Ghana Jubilee Southeast A Key Value Driver Delivering sanctioned projects to access significant reserve base Ghana Jubilee Big Fields Get Bigger (bn boe) 3.0 50% FY23 guidance: 115,000 bopd gross (+7.5% growth YoY) Oxy…
Equatorial Guinea 2H23 Infill Campaign Investing to maintain production with infill drilling and future ILX growth potential 2023/24 Drilling Campaign Equatorial Guinea FY23 guidance: 27,000 29,000 bopd gross Significant further…
Growth In The Gulf of Mexico Winterfell Progressing Targeting first oil at Winterfell end of 1Q24 Gulf of Mexico Greater Winterfell Area FY23 guidance: 14,000 15,000 boepd net Production Optimization Kodiak workover planned for…
Tiberius: The Next GoM ILX Opportunity Outboard Wilcox four-way structure with high historical success rate Tiberius Wilcox Trend (GoM) Kosmos: 33% working interest and operator Four-way structural trap in the outboard Wilcox…
Mauritania & Senegal: Tortue Phase 1 Tortue Phase 1: 90% complete with first gas targeted 4Q23 1 2 3 4 1 Subsea/Wells 2 FPSO 4 Floating LNG Subsea pipelines transport the 3 Hub Terminal gas from the field to the FPSO 4…
Long Term Gas/LNG Growth Kosmos has a deep hopper of future gas and LNG opportunities with growing exposure to international gas prices Current 2P+2C gas reserves 400 mmboe YE22 2P+2C / Recoverable Gas (mmboe net to KOS)1 Significant…
Capital Allocation Priorities Continued debt paydown, disciplined investment in growth and shareholder returns when appropriate FY23E capex of 700-750 million in line with FY22 FY23 Capex (700-750 million) 40% maintenance / 60%…
2023 Planned Activity Set / Key Catalysts Multiple catalysts expected across all areas of the portfolio 1Q23 2Q23 3Q23 4Q23 1Q24 Ghana JSE wells JSE wells online drilled EG Infill drilling campaign Akeng Deep GoM…
2023 Foundation For The Next Five Years A differentiated strategy, quality portfolio and well set up for the future 50% Production Growth Expected 2022-24 Quality Reserve Base 140 Differentiated Growth Highly Cash Generative…
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