Investor Presentaiton
FINANCIAL HIGHLIGHTS
Nine months to 30 September 2023
OIL PRICE
$82.8/bbl
GAS PRICE
$2.87/Mscf
24%
(9M22, $108.3/bbl)
(9M22, $2.80/Mscf)
3%
ADJ. REVENUES
$682m(1)
ADJ. EBITDA
$306m(2)
(9M22, $679m)
1%
(9M22, $338m)
9%
CAPEX
$125m
(9M22, $112m)
UNIT OPEX
$9.7/boe
(9M22, $9.3/boe)
4%
2023 revenue excludes production overlift of $128.4m, reported 9M23 revenues $810.4m. 2022 revenue adds back $60m
underlift, reported revenues $618.6m
(1)
(2)
14
EBITDA adjustments include adjusting for non-cash items such as impairment, fair value, and exchange losses
SEPLAT ENERGY | INVESTOR PRESENTATION
Seplat
nergy
Notes on 9M23 performance
■ Revenue flat YoY, despite significantly lower oil
prices (-24% y/y) during the period, stronger
liquids (+17% y/y) and gas production (+3%
y/y).
■ EBITDA down 9% on higher operating
expenses and G&A. Costs up due to
inflation, higher crude handling charges and
unexpected legal costs.
Capex and unit opex in-line with expectations
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