Oando Plc
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Oando Plc - overview
Location
Lagos, -, Nigeria
Primary Industry
Oil & Gas
About
Oando Plc is a leading energy company in Africa, specializing in oil and gas exploration, production, and distribution across various segments, including upstream, midstream, and downstream operations. Oando Plc operates in the energy sector, focusing on oil and gas exploration, production, refining, and distribution. The company has undergone strategic pivots in its business operations, including a significant secondary buyout worth USD 115. 80 mn from Helios Investment Partners.
Founded in Lagos, Nigeria, Oando has expanded its services to the UK and UAE markets. The current CEO is Bolaji Osunsanya, who has a strong background in the energy industry. The company has reported a total of three significant deals since its inception, with the most recent deal occurring on September 19, 2016. Oando Plc provides a diverse range of integrated energy solutions across the oil and gas industry, including exploration, production, and refining activities.
The company offers vital products such as crude oil, natural gas, refined petroleum products, and alternative energy solutions, primarily serving clients in Nigeria, with a growing presence in international markets like the UK and UAE. In the most recent fiscal year of 2021, Oando Plc reported a revenue of USD 1,993,637,866. 50 and an EBITDA of USD 252,224,696. 60.
The company operates a structured transaction model involving partnerships and direct sales, primarily in B2B frameworks that facilitate efficient distribution of its products to a wide client base. Oando Plc is planning to launch new products designed to enhance its energy solutions, with specific timelines for release yet to be announced. The company aims to expand its market presence into additional regions, focusing on strategic growth opportunities in Africa and beyond. The funding from the recent Secondary Buyout will support these initiatives, facilitating advancements in technology and operational capabilities.
The last significant deal was executed on September 19, 2016, which provided the company with substantial financial resources to pursue its growth objectives.
Current Investors
Emerging Capital Partners
Primary Industry
Oil & Gas
Sub Industries
Oil & Gas, Petrochemicals
Website
www.oandoplc.com
Total Amount Raised
Subscriber access only
Oando Plc - timeline of key events
Oando Plc - financials
| Fiscal Year Ended | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 650,565,603,000 | 449,873,466,000 | 424,677,646,000 | 161,489,950,000 | 455,746,734,000 | 497,422,483,000 | 679,465,339,000 | 576,571,857,000 | 489,985,649,000 | 803,460,186,000 | - | - | - |
| % Revenue Growth (YoY) | - | (30.8%) | (5.6%) | (62.0%) | 182.2% | 9.1% | 36.6% | (15.1%) | (15.0%) | 64.0% | - | - | - |
| EBITDA (USD) | 36,810,760,000 | 32,693,918,000 | (117,072,178,000) | 48,762,987,000 | 11,005,802,000 | 75,623,446,000 | 64,534,783,000 | (302,817,809,000) | (40,789,490,000) | 101,649,605,000 | - | - | - |
| Operating Income (USD) | 24,425,229,000 | 16,549,540,000 | (139,666,703,000) | 15,692,966,000 | (7,657,605,000) | 56,677,718,000 | 44,001,612,000 | (334,880,518,000) | (74,484,702,000) | 78,829,819,000 | - | - | - |
| Operating Margin | 3.8% | 3.7% | (32.9%) | 9.7% | (1.7%) | 11.4% | 6.5% | (58.1%) | (15.2%) | 9.8% | - | - | - |
| % EBITDA Margin | 5.7% | 7.3% | (27.6%) | 30.2% | 2.4% | 15.2% | 9.5% | (52.5%) | (8.3%) | 12.7% | - | - | - |
| NET Income (USD) | 10,786,317,000 | 1,396,926,000 | (183,893,186,000) | (49,689,877,000) | 3,494,037,000 | 19,772,776,000 | 28,797,743,000 | (207,078,294,000) | (132,570,430,000) | 32,858,799,000 | - | - | - |
| % Net Margin | 1.7% | 0.3% | (43.3%) | (30.8%) | 0.8% | 4.0% | 4.2% | (35.9%) | (27.1%) | 4.1% | - | - | - |
Oando Plc - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Axxela Limited | - | ||||||||
| Buyout | Completed | Axxela Limited | - | ||||||||
| Secondary Buyout | Completed | Oando Plc | - | ||||||||
| Recapitalisation | Completed | Oando's Downstream Business | - | ||||||||
| Secondary Buyout | Completed | Oando Plc | - |
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Oando Plc - employee data
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