Investor Presentaiton
PROVEN RESILIENCE THROUGH PRUDENT MANAGEMENT
Financial discipline and a robust business model have protected Seplat through difficult times
INCREASING GAS VOLUMES FOR GROWING MARKET NEEDS
FOCUSED CASH MANAGEMENT STRATEGY
49,867
$900
50,000
■ Oil ■Gas
40,000
46;498
$900
Gross debt ($m).
43,372
$800
Cash ($m).
36,923..
$664
$700
24,198
14,369
30,823
28,341
30,000
25,877
6,571
19,070
4,867
20,000
15,786
29,003
23,474
24,252
10,000
22,563
$588
$259m OML 53
acquisition
$789
$451m Eland
acquisition
$570
$585
$600
$500
$400
$326
$333
$310
$285
$446
$437
$300
$169
$160
25,669
23,935
$200
17,853
10,091
$100
Higher
level than
2014-16
$0
2013
2014
2015
2016
2017
2018
2019
2013
2014
2015
2016
2017
($108.6) ($99.0) ($53.0)
($45.1)
($54.7)
2018
($71.3)
2019
($64.0)
GAS DIVERSIFICATION REDUCES EXPOSURE TO OIL PRICE
FLEXIBILITY WITH CAPITAL INVESTMENT
$1,000
■ Oil
■Gas
$350
2%
4%
$800
$18.1
21%
$300
29%
$120m capex
planned for 2020
($109m spent in 9M 2020)
$250
$27.4
13%
$155.6
$600
$202.4
$200
$77.0
28%
$400
$862.1
$150
$747.6
$124.0
41%
$590.5
$100
$493.5
$495.1
$200
$105.5
$318.2
$50
$148.8
$0
$0
2013
2014
2015
2016
2017
2018
2019
2013
2014
2015
2016
2017
2018
2019
9
SEPLAT PETROLEUM DEVELOPMENT COMPANY PLC | INVESTOR PRESENTATION
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Oil price crisis (Jul 14 - Jan 16)
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