Investor Presentaiton
$m
ROBUST CAPITAL STRUCTURE
Seplat is in a position of financial strength to capitalise on profitable opportunities
› Capital structure amended following acquisition of Eland Oil & Gas PLC
> $100m Eland reserve-based loan now part of structure.
> $100m of $350m RCF repaid
NET DEBT POSITION REFLECTS STRONG CASH BALANCE
600
585
400
437
200
285
326
333
213
160
KEY TERMS
0
-200
Notes
Pricing
9.25%
Tenor
-446
-400
-588
-570
-664
2023
-600
480
-692
-789
-800
-900
RCF
RBL
LIBOR+6% falling to LIBOR+5% after Amukpe-Escravos opens
LIBOR+8% / LIBOR+7.5% if <50% drawn down
2022/23
-1000
2023
2014
2015
2016
2017
2018
2019
9M 2020
Gross debt US$ million
Cash balance US$ million
Net position
DIVERSE CAPITAL STRUCTURE (US$ MILLION)
400
350
350
300
250
200
150
100
50
0
Senior notes
49
Available
250
Revolving credit facility
CURRENT DEBT MATURITY PROFILE (US$ MILLION)
Debt facilities
400
■Senior notes ■RCF ■RBL
US$ million
350
300
250
S
200
150
100
100
50
0
Reserve-based loan
2020
2021
2022
2023
SEPLAT PETROLEUM DEVELOPMENT COMPANY PLC | INVESTOR PRESENTATIONView entire presentation