Investor Presentaiton
SEPLAT ENERGY'S ACHIEVEMENTS SO FAR
The journey to becoming Nigeria's leading independent energy supplier
Sep
nergy
JULY 2010
Acquired OMLS 4,
38, 41 from Shell.
Seplat designated
operator
MAY 2012
Drilled first of
>70 development
wells completed
to date
JUNE
2013
APRIL 2014
IPO & dual
Acquired
OPL 283
Listing, raising
$535m
MARCH 2017
225 MMscfd Oben
Phase II processing
capacity expansion
MARCH 2018
Successfully
refinanced existing
debts with $350m
bond 9.25% +
$300m RCF
DECEMBER 2019
Completed acquisition
of Eland Oil & Gas,
first acquisition of UK
listed company by
Nigerian company
MARCH 2021
Successfully
refinanced
existing debts
with $650m
bond 7.75%
FEBRUARY 2022
Signed SPA for
the entire share
capital of
Mobil Producing
Nigeria Unlimited
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
JUNE 2009
Seplat formed to
target growth as
an indigenous
upstream
company in Nigeria
DECEMBER 2010
First GMOU signed
with host
communities in
OMLS 4, 38 and 41
2023
SEPTEMBER
Successfully
refinanced
existing RCF
NOVEMBER 2013
Signed SPA for
DECEMBER 2013 MAY 2015
Drilled first
150 MMscfd
40% of OML 53,
from Chevron
exploration well
Oben Phase I
processing capacity
expansion
OCTOBER 2018
20-year license
renewal for OMLS
4,38 & 41
JULY 2020
Leadership
transition
FEBRUARY 2021
AGPC raises
$260m debt to
complete ANOH
project
JULY 2021
New Strategy
launched with
2022
Upstream,
Midstream
and New
Energy Pillars
with a new 3-
year $350m
RCF due in
June 2025
FEBRUARY
2023
Core dividend
raised to 12c.
Cumulative
dividends
exceed IPO
proceeds
Equity raised at IPO
$535m
6
SEPLAT ENERGY INVESTOR PRESENTATION
Tax contribution to Nigeria
Capex invested since IPO
c.$2.9bn
>$2bn
Dividends paid since IPO
$552m
Total $593m incl. $41m pre-IPO dividends
reliable energy, limitless potentialView entire presentation