Investor Presentaiton
CLEARLY FOCUSED CAPITAL ALLOCATION PRIORITIES
We are focused on low-risk strategies to generate and deploying cash to grow the business and improve stakeholder returns
GAS BUSINESS
> Invest in growing the gas business
to fuel Nigeria's increasing demand
> Develop ANOH for long-term growth
> Drill gas wells to serve demand
OIL BUSINESS
> Offset expected decline by
developing low-risk wells/prospects
> Sustain and optimise production
LOW-RISK
CAPITAL
INVESTMENT
PROGRAM
seplat
> Maintain core dividend
of $0.05 per share, top up when
considered appropriate
> Commitment to dividend payments
evidenced by protection of FY2019
payment in May 2020 despite
COVID-19 crisis, $0.05 interim
declared at 9M 2020
COMMITTED
TO DIVIDENDS
7
SEPLAT PETROLEUM DEVELOPMENT COMPANY PLC | INVESTOR PRESENTATION
REDUCTION
OF NET DEBT
> Pay down $250m Revolving Credit
Facility ($100m headroom available)
> Refinance Eland's
Reserve-Based Loan
> Maintain optimal balance
of cash and debt
> $400m+ cash flows expected
from Westport loan repayments
M&A
POTENTIAL
> Seek low-risk opportunities for
growth that enhance NAV and FCF
› Opportunity to consolidate
Nigerian market though OMLS,
divested assets from IOCs and
distressed small-scale operators
> Other value-enhancing M&AView entire presentation