Report
Oliver Juggins

Seplat Energy - 1Q22 Results - April 2022

Seplat has had an excellent start to the year, with strong revenue (+58.6% YoY), EBITDA (+81.6% YoY), operating cash flow (up 40x), and balance sheet (net debt flat YoY at $442.6m). Guidance was re-iterated, the dividend held, and we still see completion of the MPNU acquisition as the key catalyst at present, followed by confirmation of first flow through the Amukpe-Escravos project. We're due to hear more on both in H2.
Underlying
Seplat Petroleum Development Company

Provider
Capital Access Group
Capital Access Group

Capital Access Group advises companies on effective engagement with investors. Our experienced team offers market-leading access with hard-to-reach investors, including smaller institutions, pension funds and private client fund managers. These under-serviced investors are located not only in London but across the regions of the UK and Europe. We have an unrivalled knowledge of this extensive audience, to whom our published research is distributed, as well as to larger institutions. We offer this service as part of an integrated investor communications strategy to promote a company’s investment story.

Our clients, ranging from AIM to FTSE 100 companies, benefit from our professional, long-term relationships with investors. Not only do we identify and target investors, we contact them directly and relay their views back to clients with analysis, interpretation and advice. This ensures that our clients are in control of their investor engagement. The objective is to improve the reach and engagement with investors, which in turn strengthens the share price.

Analysts
Oliver Juggins

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