History and Future Strategy of Oando
Downstream Environment in Nigeria
MONTHS
12.00
10.00
8.00
6.00
4.00
2.00
2014 PSF Payment Trend
....
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Gross Margin Contribution*
Oando
Lubricants (19%)
Kerosene (6%)
AGO (30%)
PMS (32%)
Others (13%)
Target collection Period
Actual Collection Period
Target days for SDN collection is 45 days after submission of subsidy claims to PPPRA.
Cargoes whose claims were submitted in January were paid for roughly 8 months after the due date.
Collection period reflects an average number of days the it took to receive payment for cargoes
2014 PPMC & Private Receipts
NIPCO
1400
1200
170
1000
Aiteo
63
Total
800
Conoil
Mobil
515
Oando
600
204
Forte Oil
MRS
276
182
145
112
47
400
89
44
56
63
93
84
200
44
*Oando PLC FYE 2014 Financials
PPMC (MT) ■Private (MT)
MOMAN Utilized PPPRA PMS Allocations
23%
25%
2011
2012
■OANDO MRS TOTAL
2013
■FORTE ■CONOIL
2014View entire presentation