Investor Presentaiton
ROBUST CAPITAL STRUCTURE
Seplat is in a position of financial strength to capitalise on profitable opportunities
› Capital structure amended following acquisition of Eland Oil & Gas PLC
> $100m Eland reserve-based loan now part of structure.
> $300m Seplat revolving credit facility upsized to $350m
and extended to 2022/23
NET DEBT POSITION REFLECTS STRONG CASH BALANCE
600
585
400
437
200
326
333
343
285
160
KEY TERMS
0
-200
-446
Notes
Pricing
9.25%
Tenor
-400
-588
-570
457
-664
2023
-600
-789
-799
-800
-900
RCF
RBL
LIBOR+6% falling to LIBOR+5% after Amukpe-Escravos opens
LIBOR+8% / LIBOR+7.5% if <50% drawn down
2022/23
-1000
2023
2014
2015
2016
2017
O Gross debt US$ million
2018
2019
H1 2020
Net position
DIVERSE CAPITAL STRUCTURE
400
350
350
300
250
200
150
100
50
0
Senior notes
48
Cash balance US$ million
CURRENT DEBT MATURITY PROFILE (US$ MILLION)
Debt facilities
400
■Senior notes ■RCF ■RBL
US$ million
350
350
300
250
200
150
100
100
50
0
Revolving credit facility
Reserve-based loan
2020
2021
2022
2023
SEPLAT PETROLEUM DEVELOPMENT COMPANY PLC | INVESTOR PRESENTATIONView entire presentation