New Hope Corporation Limited · ASX:NHC
New Hope — H1 2017 Earnings Presentation
17 slides from New Hope's earnings presentation, Mar 21, 2017
Slide 1: Half Year Results Investor Presentation
2017 Half Yearly Presentation For personal use only Half Year Results Investor Presentation March 2017
Slide 2: Board & Management
Corporate 2017 Half Yearly Presentation Board & Management For personal use only Board Bill Grant Chairman Independent Director NHCL Shane Stephan Director Managing Director NHCL Matthew Busch Director Chief Financial Officer NHCL Kevin Standish Director Independent Director Management Chris Way Chi
Slide 3: Cooper Basin Largest Onshore Oil Producers
Cooper Basin Context 2017 Half Yearly Presentation Cooper Basin Largest Onshore Oil Producers use(bopd)only 18000 16000 14000 Bridgeport in the Cooper Basin is: Average Daily Production • 4th largest liquids producer 12000 • One of only four production operators (Beach, Santos, Senex, Bridgeport), F
Slide 4: Key Company Statistics
Key Company Statistics 2017 Half Yearly Presentation For personal use only • Onshore operating conventional oil & gas exploration and production company • Est 2009, acquired 100% by New Hope Group (ASX:NHC) in 2012 • Current net total production ~950 bopd (12 producing assets, 10 operated) • Low cos
Slide 5: Asset Maps - Cooper Basin
Asset Maps 2017 Half Yearly Presentation Cooper Basin For personal use only Note: Approximate Cooper- Eromanga Basin Permian edge shown in blue. Inboard of this is potential oil, wet gas and gas production, outboard of this is oil.
Slide 6: Asset Maps (cont) - Surat Basin and Otway Basin
Asset Maps (cont) 2017 Half Yearly Presentation Surat Basin Otway Basin For personal use only (Moratorium to 2020)
Slide 7: Company Financials continued
Company Financials 2017 Half Yearly continued Presentation For personal use only
Slide 8: Company Financials
Company Financials 2017 Half Yearly Presentation For personal use only
Slide 9: Half Yearly Results
Half Yearly Results 2017 Half Yearly continued Presentation For personal use only 6 Months Ended 31 January (A$m) 2017 2016 Change % Total revenue 8.8 4.7 88% Earnings before interest tax depreciation 0.2 (1.2) 17% amortisation and non regular items Profit before tax (after non regular items) (2.9)
Slide 10: Reconciliation of Net Profit after Tax before and after non Regular Items
Half Yearly Results 2017 Half Yearly continued Presentation Reconciliation of Net Profit after Tax 6 Months Ended 31 before and after non Regular Items January For personal use only (A$m) 2017 2016 Loss after tax (2.1) (16.0) Income tax benefit 0.8 7.0 Petroleum resource rent tax expense - (4.8) Los
Slide 11: Half Yearly Results
Half Yearly Results 2017 Half Yearly Presentation For personal use only
Slide 12: Half Yearly Highlights
Half Yearly Highlights 2017 Half Yearly Presentation For personal use only • Ten workovers across company assets improved production by 130bopd • 5 new development wells drilled, cased and suspended in Cuisinier • Acquisition of Kenmore, Bodalla and associated fields increased net production by 400
Slide 13: Outlook and Focus Areas – Oil Production
Outlook and Focus Areas – Oil Production 2017 Half Yearly Presentation • Improving oil price assumptions - 27% up last half, netbacks of $20/bbl For personal use only • Continued focus on oil portfolio through organic growth (infill drilling and workovers) and acquisition Drill five infill wells a
Slide 14: Strategic Plan – Gas Portfolio
Strategic Plan – Gas Portfolio 2017 Half Yearly Presentation • Material east coast domestic gas price increases – contracts up from $4/GJ For personal use only 2015, $6/GJ 2016 and $9/GJ 2017 Manufacturer initiatives strong to access gas at equity level or under provisional contract Completed ba
Slide 15: Exploration Activities
Exploration Activities 2017 Half Yearly Presentation • Large Cooper Basin portfolio focussed on Southwest margins (in SA) and For personal use only Northeast margins (in Qld) • Oil focus today but gas potential • Surat Basin holdings transitioning from ATP to potential commercial areas • Otway Basin
Slide 16: Disclaimer
Disclaimer 2017 Half Yearly Presentation IMPORTANT: The information in this document has been provided to you for information only by Bridgeport Energy Limited a wholly owned subsidiary of New Hope Corporation For personal use only Limited (“NHC”) and is subject to change without notice. Nothing con
Slide 17: Questions
Questions 2017 Half Yearly Presentation For personal use only