Investor Presentaiton
19
Q1-2020
Q2-2020
Q3-2020
800
700
600
500
400
300
200
100
0
2023
LIQUIDITY & DEBT PROFILE PROVIDES FLEXIBILITY
Limited near-term debt maturities. Strong liquidity supports strategy
Debt facility maturities to 2027 (at 1st Jan 2023)
Seplat
nergy
Debt facility details - $749m drawn (at 30th Sept 2023)
2024
2025
Senior Notes Eland RBL (Snr) Eland RBL (Jnr, drawn) Eland RBL (Jnr, undrawn) RCF (undrawn)
Quarterly Net Debt/ TTM EBITDA (x)
Q4-2020
Q1-2021
Net Debt to EBITDA
2026
1.7
1.7
1.7
1.5
1.5
1.5
1.2
1.2
1.0
1.0
1.0
0.9
0.9
0.8
0.7
Q2-2021
SEPLAT ENERGY | INVESTOR PRESENTATION
Q3-2021
Q4-2021
Q1-2022
Debt Covenant
Q2-2022
Q3-2022
Q4-2022
Q1-2023
Corporate Policy
2027
Ranking
Pricing
Drawn
Initial Size Amount
($m)
($m)
Maturity
Senior Notes
Corporate RCF
Eland RBL (Snr) Snr. Secured
Snr. Unsecured
Snr. Secured
SOFR + 5%
350
0
Jun-25
SOFR +8%
110
88
Oct-25
7.75%
650
650
Dec-26
Eland RBL (Jnr) Jnr. Unsecured
SOFR +10.5%
50
11
Oct-26
Current Liquidity - supports M&A ambitions
3.00
800
700
350
741
2.00
600
500
€ 400
391
300
200
Q2-2023
Q3-2023
100
0
Cash (Sept 23)
Undrawn RCF Total Liquidty
reliable energy, limitless potentialView entire presentation