1st Quarter Thomas Gutschlag, CEO and Jan-Philipp Weitz, CFO

Transcription

1 1st Quarter 2018 Thomas Gutschlag, CEO and Jan-Philipp Weitz, CFO 9 May 2018

2 DISCLAIMER This document constitutes neither an offer to sell nor a solicitation of an offer to buy or subscribe to any securities of Deutsche Rohstoff AG, but is for information only. The public offering of the planned bond is solely based on the approved prospectus by the Federal Financial Supervisory Authority (BaFin). The legally relevant prospectus can be found here: The information published in this document is not to be dispersed outside the Federal Republic of Germany, especially not in the United States, to US persons according to Regulation S of US Securities Act of 1933 nor to publications with general dispersion in the United States, as long as such a dispersion outside of Germany is not compulsory according to German laws. Every violation of this constraint can lead to a violation of laws of securities in certain countries, especially in the United States. Bonds of Deutsche Rohstoff AG will not be offered for public sale outside the Federal Republic of Germany. 2

3 AGENDA Current developments Mining Investments Oil and Gas USA Quarterly results Outlook 3

4 Oil and Gas USA

5 CURRENTLY ACTIVE IN TWO TOP BASINS WA OR NV CA ID AZ UT MT WY Bakken Niobrara/Codell WILLISTON BASIN ND MN SD IA WATTENBERG NE FIELD CO KS OK NM WI IL MO AR MS MI OH IN KY TN AL NY PA WV VA NC SC GA ME TX LA FL 5

6 PRODUCTION GROWTH SINCE 2015 Divestment Tekton Tekton Energy Elster Oil & Gas Cub Creek Energy Salt Creek Oil & Gas 6

7 CUB CREEK ENERGY CUB CREEK ENERGY Operational management of all activities on own land operated acreage since April producing wells Net production of 269,349 BOE and revenues of USD 9.3 million in first quarter 2018 Reserve based lending facility: USD 40 million Further wells in permit procedure Founded : 2014 Share: 89.0 % CEO: Jerry Sommer 7

8 ELSTER HOLDS NON-OP ASSETS IN COLORADO ELSTER OIL & GAS Development done by partners non-operated acreage Since 2015/ wells in production In February/March 25 new wells were brought into production with a working interest of 35% Net production of 115,428 BOE and revenues of USD 5.0 million in the first quarter Founded: 2014 Share: 93,0 % Managed by Cub Creek Team 8

9 SALT CREEK SELLS ASSETS IN NORTH DAKOTA SALT CREEK OIL & GAS Non-operated acreage in the Williston Basin Acquired in December 2016 for USD 38 million PSA signed on 26 April 2018 Divestment of most of its assets for USD 59.6 million USD 47.6 million cash USD 12 million in shares (6 million stocks fixed) of buying party Northern Oil and Gas Salt Creeks profit before tax amounts to around USD 12 million Small portion of assets (around USD 1 million) will be continued to be held by Salt Creek Founded: 2015 Share: 90,0 % CEO: Tim Sulser 9

10 FIRST QUARTER PRODUCTION OF AROUND 500,000 BOE 491,074 BOE * Net production of subsidiary (CCE, SCOG and EOG) 10

11 STRONG INCREASE IN NET WELLS IN H Net wells (1-mile equivalent) of subsidiary Includes Salt Creek 11

12 OIL PRICE IN UPTREND Quelle: EIA 12

13 Mining

14 ALMONTY STRONG POSITION Strong operational improvement Q1 2017/2018: EBITDA CAD 3.0 million Further increase expected Strong price development APT trades around USD 330 per mtu Strong demand with limited supply Healthy uptrend Development of Sangdong continues Mine development contract signed Demolition of historic mine started Off-take-agreement with price floor with a term of 10 years signed Spain Portugal Invested since: 2014 Share: 13,3 % CEO: Lewis Black South Korea Australia 14

15 CERITECH SMART RARE EARTH WITH HIGH POTENTIAL Production of Rare Earth from gypsum External assessment of Ceritech s internal developed process confirmed assumptions and results REE prices in uptrend Governmental funding in the amount of EUR 1.2 million secured Brasil Established : 2011 Share: 66,2 % CEO: Dr. Jörg Reichert 15

16 FINANCIALS AUSBLICK

17 1st QUARTER 2018 (HGB, UNAUDITED) AND FORECAST Revenue EUR 15.7 million EBITDA EUR 10.6 million Net Income EUR 1.1 million Investments end of 2017 and first half of 2018: Elster around USD 50 million Cub Creek around USD 40 million Forecast: Revenue 2018 between EUR 75 and 85 million EBITDA between EUR 65 and 70 million Assumptions: Divestment Salt Creek, no new wells from other subsidiaries WTI USD 65/bbl Exchange rate EUR/USD

18 KEY INDICATORS FROM P&L GROUP, GERMAN GAAP in MILLION EUR 31 March March Revenue Other operating income Cost of material Salaries & Personal Other operating expenses EBITDA Depreciation EBIT Financial result Tax Net Income for the Group

19 KEY INDICATORS FROM BALANCE SHEET GROUP, GERMAN GAAP in MILLION EUR 31 March March Total assets Intangible assets Property, plant & equipment Financial assets of which securities listed non-current assets Inventories Receivables and other assets Securities and other current financial assets Deferred taxes Equity Provisions Liabilities Deferred tax liabilities

20 OUTLOOK

21 INVESTMENT CASE WITH A LOT OF UPSIDE Oil and gas business with increasing volumes and simultaneously increasing commodity prices Significant revenue and EBITDA growth expected for 2018 Significant assets in mining currently not included in share price Excellent track record in the capital market; successful equity and bond funding Management seeks sustaining dividend 21

22 DEUTSCHE ROHSTOFF Die Deutsche Rohstoff identifiziert, entwickelt und veräußert attraktive Rohstoffvorkommen in Nordamerika, Australien und Europa. Wir nutzen die Chancen des Rohstoffmarktes, um nachhaltig hohe Renditen für unsere Aktionäre zu erzielen. AUSBLICK Deutsche Rohstoff AG Q7, 24 D Mannheim info@rohstoff.de