Capital Markets Day

This is the archive webcast of the presentation at 15:00 on Wednesday, 26 June 2019

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STABILITY PERFORMANCE GROWTH
STABILITY PERFORMANCE GROWTH
IMPORTANT NOTICE
IMPORTANT NOTICE
AGENDA
AGENDA
PRESENTATION TEAM
PRESENTATION TEAM
PRESENTATION TEAM
PRESENTATION TEAM
INTRODUCTION
INTRODUCTION
THE LEADING INDEPENDENT NIGERIAN OIL AND GAS E&P COMPANY
THE LEADING INDEPENDENT NIGERIAN OIL AND GAS E&P COMPANY
A FOCUSED AND PERFORMING BUSINESS
A FOCUSED AND PERFORMING BUSINESS
GOOD PROGRESS MADE AGAINST STRATEGIC PRIORITIES
GOOD PROGRESS MADE AGAINST STRATEGIC PRIORITIES
EVOLUTION OF SEPLAT’S GAS BUSINESS
EVOLUTION OF SEPLAT’S GAS BUSINESS
KEY ATTRACTIONS OF THE DOMESTIC GAS OPPORTUNITY
KEY ATTRACTIONS OF THE DOMESTIC GAS OPPORTUNITY
KEY ATTRACTIONS OF THE DOMESTIC GAS OPPORTUNITY
KEY ATTRACTIONS OF THE DOMESTIC GAS OPPORTUNITY
KEY ATTRACTIONS OF THE DOMESTIC GAS OPPORTUNITY
KEY ATTRACTIONS OF THE DOMESTIC GAS OPPORTUNITY
THE GAS BUSINESS TODAY
THE GAS BUSINESS TODAY
CONTRIBUTION OF THE GAS BUSINESS IN 2018 BROKEN DOWN
CONTRIBUTION OF THE GAS BUSINESS IN 2018 BROKEN DOWN
THE LONG TERM VISION FOR SEPLAT’S GAS BUSINESS
THE LONG TERM VISION FOR SEPLAT’S GAS BUSINESS
GROWTH STRATEGY FOR SEPLAT’S GAS BUSINESS
GROWTH STRATEGY FOR SEPLAT’S GAS BUSINESS
EXISTING GAS BUSINESS
EXISTING GAS BUSINESS
OVERVIEW
OVERVIEW
SUCCESSFULLY DELIVERED OBEN MIDSTREAM PLANT EXPANSION
SUCCESSFULLY DELIVERED OBEN MIDSTREAM PLANT EXPANSION
OBEN PROJECT SCHEDULE & BUDGET
OBEN PROJECT SCHEDULE & BUDGET
EXISTING GAS CAPACITY AND CONTRACTED VOLUMES
EXISTING GAS CAPACITY AND CONTRACTED VOLUMES
HISTORICAL PERFORMANCE
HISTORICAL PERFORMANCE
MARKET OUTLOOK
MARKET OUTLOOK
GAS DEMAND COULD GROW ~20 BCM BY 2035 FROM EXISTING PLANTS
GAS DEMAND COULD GROW ~20 BCM BY 2035 FROM EXISTING PLANTS
THERE IS A LARGE POOL OF DIESEL DEMAND WHICH GAS CAN DISPLACE
THERE IS A LARGE POOL OF DIESEL DEMAND WHICH GAS CAN DISPLACE
PROCESSING CAPACITY DEVELOPMENT
PROCESSING CAPACITY DEVELOPMENT
ANOH
ANOH
WHAT IS ANOH AND AGPC?
WHAT IS ANOH AND AGPC?
UPSTREAM DEVELOPMENT -SOURCE OF FEEDSTOCK
UPSTREAM DEVELOPMENT -SOURCE OF FEEDSTOCK
MIDSTREAM
MIDSTREAM
ANOH GAS PLANT DEVELOPMENT OVERVIEW
ANOH GAS PLANT DEVELOPMENT OVERVIEW
PROGRESS MADE TO DATE
PROGRESS MADE TO DATE
CONTRACT STRATEGY - LEVERAGING SEPLAT’S PMT EXPERIENCE
CONTRACT STRATEGY - LEVERAGING SEPLAT’S PMT EXPERIENCE
COMPETITIVE COST STRUCTURE
COMPETITIVE COST STRUCTURE
PROJECT EXECUTION SCHEDULE
PROJECT EXECUTION SCHEDULE
LOCAL CONTENT
LOCAL CONTENT
REGULATORY COMPLIANCE
REGULATORY COMPLIANCE
OB3 GAS EXPORT PIPELINE
OB3 GAS EXPORT PIPELINE
INTERFACE WITH LOCAL COMMUNITIES
INTERFACE WITH LOCAL COMMUNITIES
COMMERCIAL
COMMERCIAL
COMMERCIAL STRUCTURE
COMMERCIAL STRUCTURE
STATUS OF AGREEMENTS
STATUS OF AGREEMENTS
AGPC COMMERCIAL HIGHLIGHTS
AGPC COMMERCIAL HIGHLIGHTS
AGPC GAS STRATEGY
AGPC GAS STRATEGY
MAPPING GAS OFFTAKERS FOR ANOH
MAPPING GAS OFFTAKERS FOR ANOH
AGPC LPG STRATEGY
AGPC LPG STRATEGY
NIGERIA LPG MARKET
NIGERIA LPG MARKET
FINANCE
FINANCE
AGPC – FUNDING STRUCTURE
AGPC – FUNDING STRUCTURE
AGPC – MILESTONES AND FUNDING
AGPC – MILESTONES AND FUNDING
ANOH – BASE CASE SOURCES & USES
ANOH – BASE CASE SOURCES & USES
AGPC - EQUITY
AGPC - EQUITY
DEBT MARKET LIQUIDITY
DEBT MARKET LIQUIDITY
KEY FUNDING CONSIDERATIONS
KEY FUNDING CONSIDERATIONS
CONVERTIBILITY OF NAIRA GAS REVENUES
CONVERTIBILITY OF NAIRA GAS REVENUES
EXPERIENCED DUE DILIGENCE PROVIDERS
EXPERIENCED DUE DILIGENCE PROVIDERS
SYNDICATION TIMELINE
SYNDICATION TIMELINE
ANOH FISCAL TERMS
ANOH FISCAL TERMS
INDICATIVE FINANCIAL METRICS
INDICATIVE FINANCIAL METRICS
AGPC PROJECTED RESULTS
AGPC PROJECTED RESULTS
SUMMARY
SUMMARY
CONCLUDING REMARKS
CONCLUDING REMARKS
CEMENTING SEPLAT’S LEADING DOMESTIC MARKET POSITION
CEMENTING SEPLAT’S LEADING DOMESTIC MARKET POSITION
QUESTION & ANSWERS
QUESTION & ANSWERS
QUESTION & ANSWERS
QUESTION & ANSWERS
QUESTION & ANSWERS
QUESTION & ANSWERS
QUESTION & ANSWERS
QUESTION & ANSWERS
QUESTION & ANSWERS
QUESTION & ANSWERS
QUESTION & ANSWERS
QUESTION & ANSWERS
QUESTION & ANSWERS
QUESTION & ANSWERS
QUESTION & ANSWERS
QUESTION & ANSWERS
QUESTION & ANSWERS
QUESTION & ANSWERS
QUESTION & ANSWERS
QUESTION & ANSWERS
QUESTION & ANSWERS
QUESTION & ANSWERS
QUESTION & ANSWERS
QUESTION & ANSWERS
QUESTION & ANSWERS
QUESTION & ANSWERS