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    CGP   BMG6542T1505

NOBLE GROUP LIMITED

(CGP)
End-of-day quote. End-of-day quote Singapore Stock Exchange - 11/16
0.081 SGD   -2.41%
10/08NOBLE : Terracom & Talaxis Update
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10/01NOBLE : Changes to the Board of Directors & Management
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09/30NOBLE : Jamalco Restoration Update
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SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Noble : Trading Co and Asset Co Guidance FY2020, Q1 and Q2 2021

06/30/2021 EDT

Noble Group Holdings Limited

(Incorporated in Bermuda with limited liability)

June 2021

Trading Co and Asset Co Guidance FY2020, Q1 and Q2 2021

Trading Co Guidance

2

FY 2020 and Q1 2021 actual; Q2 2021 estimate (US$ millions)

FY 2020

FY 2020

Q1 2021

Q2 2021

Actual

Actual

Actual

Estimate

(Unadjusted)

(Adjusted)

(Adjusted)

(Adjusted)

Volumes(1)

56mt

56mt

13mt

10-15mt

Operating Income from Supply Chains(2)

($108)

$120

$43

$15-20

SAO Expenses(3)

($111)

($111)

($19)

($18-24)

Pro Forma EBITDA(4)

($262)

$65

$36

$0-10

Decrease/(Increase) in Working Capital

$52

$52

($20)

($70-80)

Restricted Cash Balance

$155

$155

$177

$180-200

Cash Balance(5)(6)

$315

$315

$301

$260-280

  1. Includes offtake and marketing volume.
  2. FY 2020, Q1 and Q2 2021 (Adjusted) operating income from supply chains excluded non cash impairments and provisions outside of underlying performance. Q2 2021 continued outperformance in the MMO segment more than offset by poor performance in the Energy segment.
  3. Includes Bonus Expense.
  4. All EBITDA numbers in the presentation are on a post-IFRS16 basis i.e lease expense treated as depreciation is excluded from calculation:
    • Unadjusted EBITDA includes non-cash elements and items outside of underlying performance.
    • Adjusted EBITDA excludes non-cash elements and items outside of underlying performance.
  5. We may from time to time seek to retire or repurchase our outstanding debt, including our debt securities, through cash purchases, in open market purchases, privately negotiated transactions or otherwise. Such repurchases, if any, will depend on market conditions, our liquidity requirements, contractual restrictions and other factors. The amounts involved may be material.
  6. Cash balance includes restricted cash

Asset Co Guidance

3

FY 2020 and Q1 2021 actual; Q2 2021 estimate (US$ millions)

FY 2020

Q1 2021

Q2 2021

Actual

Actual

Estimate

(Adjusted)

(Adjusted)

(Adjusted)

Volumes

2.7mt

0.2mt

0.3-0.5mt

Operating Income from Supply Chains(1)

($27)

$2

$8-12

SAO Expenses(2)

($15)

($2)

($2)

Pro Forma EBITDA(3)

($41)

$4

$8-12

Decrease/(Increase) in Working Capital

$106

($4)

$0-10

Cash Balance(4)

$63

$61

$70-80

Updated NGHL Look Through Ownership in Harbour Energy plc (formerly known as Premier Oil plc)

On 31 March 2021, the share merger between Premier and Chrysaor was completed and Premier has changed its name from Premier Oil plc to Harbour Energy plc with effect from 31 March 2021. Harbour Energy plc's shares were readmitted to trading on the London Stock Exchange on 1 April 2021. The following schedule is an updated calculation of the Asset Co "look through" ownership of the combined entity, following a small dilution in respect of new share issuance:

Look Through Ownership

Series A Shares

6.96%

Advisor Share

1.32%

Total Noble Ownership

8.28%

  1. FY 2020, Q1 and Q2 2021 (Adjusted) operating income from supply chains excluded non cash impairments and provisions outside of underlying performance.
  2. Includes Bonus Expense.
  3. All EBITDA numbers in the presentation are on a post-IFRS16 basis i.e lease expense treated as depreciation is excluded from calculation. Adjusted EBITDA excludes non-cash elements and items outside of underlying performance.
  4. We may from time to time seek to retire or repurchase our outstanding debt, including our debt securities, through cash purchases, in open market purchases, privately negotiated transactions or otherwise. This may include a proposal to exchange our indirect interest in Harbour Energy plc for Asset Co Bonds. Such repurchases, if any, will depend on market conditions, our liquidity requirements, contractual restrictions and other factors. The amounts involved may be material.

Additional information

Q1 2021 and FY 2020

(unaudited)

Three months ended 31 March 2021

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Noble Group Holdings Limited published this content on 30 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 July 2021 14:30:08 UTC.


© Publicnow 2021
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Managers and Directors
William James Randall Chief Executive Officer & Executive Director
Paul Alan Jackaman Group Chief Financial Officer
Neil Dhar Chief Operating Officer
Fraser James Pearce Independent Non-Executive Director
Wen Yan Ma Non-Executive Director
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