Investor Presentaiton
ANOH FINANCING STRUCTURE
Robust funding structure with adequate headroom
› Seplat and NGC have funded their equal share of the
project, i.e. US$210 million each for a total of
US$420 million
> This equity of US$420 million, together with the
US$320 million from the senior secured facility, will
ensure a fully funded project with projected total
development costs of US$700 million, including a
contingency of US$40 million
> Both debt and equity are denominated in US$ to
de-risk the project by mitigating devaluation risk during
construction.
NGC
SEPLAT
Amount
Funding
Amount
Funding
(US$M)
status
(US$M)
status
2 Oct 18
100.0
Funded
100.0
Funded
14 Dec 18
50.0
Funded
50.0
Funded
Mar 20
30.0
Funded
60.0
Funded
30.0
Funded
210.0
Funded
210.0
Funded
Oct 20
Total
NGC
US$ 210 million
50%
AGPC
SEPLAT PIC
Senior Debt up to
US$ 210 million
50%
US$ 320 million
KEY
Equity
Senior Debt
Sources
Senior debt
Equity (fully funded)
Total
US$ million
320
Uses
420
740
34
SEPLAT PETROLEUM DEVELOPMENT COMPANY PLC | INVESTOR PRESENTATION
Construction Costs (base case)
Financing fees
Levies & taxes
Stamp Duty Reserve
Interest during construction
Additional headroom
Total
US$ million
642
14
3
4
31
46
740View entire presentation