Societatea Nationala De Gaze Naturale Romgaz S.a. · BVB:SNG
Societatea Nationala De Gaze Naturale Romgaz — Romgaz — H1 2025 Earnings Presentation
21 slides from Societatea Nationala De Gaze Naturale Romgaz's earnings presentation, Aug 14, 2025
Slide 1: Conference Call – 1st Half of 2025
Conference Call – 1st Half of 2025 Răzvan Popescu, CEO August 14, 2025
Slide 2: Disclaimer
DISCLAIMER ROMGAZ Group (ROMGAZ or ROMGAZ Group or The Company) consists of SNGN ROMGAZ SA as parent company, Filiala de Înmagazinare Gaze Naturale Depogaz Ploieşti SRL (subsidiary owned 100% by ROMGAZ SA) and ROMGAZ Black Sea Limited (100% owned by ROMGAZ). This document was prepared by SNGN ROMGAZ
Slide 3: Welcome and introduction to H1 2025 results
Good afternoon, ladies and gentlemen, Thank you for joining our conference call to discuss the results recorded by Romgaz Group in the First- Half of 2025. Today we released the Board of Directors’ Report, which comprises a detailed presentation of our economic performance, and the Consolidated Inte
Slide 4: Romania: Energy transition expected to reverse gas consumption evolution
Romania: Energy transition expected to reverse gas consumption evolution Total Natural Gas Consumption* (million MWh) 105 28 17 19 Domestic production Imports 70 9 15 81 85 87 35 47 43 0 2022 2023 2024 H1 2024 H1 2025 *Including from underground storages Natural Gas Prices on BRM, Current Imports an
Slide 5: Gas market environment in the First-Half of 2025
A. I will start by highlighting some aspects of the gas market environment in the First-Half of 2025, compared to the same period of the previous year: • We estimate that natural gas consumption in Romania increased by around 4% to 58 TWh, while imported volumes grew significantly by over 60% and in
Slide 6: Natural Gas Production - Onshore
Natural Gas Production - Onshore Gas Production Evolution (mln cm) -0.1% +3.6% y/y +0.4% 4,936 4,963 2,487 2,486 4,789 1,196 1,200 2022 2023 2024 Q2'24 Q2'25 H1 2024 H1 2025 6
Slide 7: Operational and financial performance in the First-Half of 2025
C. Regarding the operational and financial performance recorded by Romgaz Group in the First-Half of 2025, we can highlight the following results: 1. Natural gas production amounted to 2.49 bcm, adjusted marginally by 0.1% year-on-year, but elevated by 1.0% compared to the semestrial-average recorde
Slide 8: Gas Supply & Sales
Gas Supply & Sales ROMGAZ weight* in national gas consumption Gas sales Volumes (million m3) and Revenues (million RON) 63.8% 60% 7,978 45% 6,905 30% 50.0% 3,718 45.3% 47.9% 47.2% 3,399 15% 4,525 4,571 0% 2023 H1 2024 2024 H1 2025 1,623 in total gas consumption 1,397 in consumption from internal sou
Slide 9: Market share and gas sales revenues
2. We continue to improve our significant position already held on the domestic gas market: in the first 6 months of 2025, our market share reached 47% of total gas deliveries in Romania, according to our assessments. Regarding gas consumption covered from domestically-produced gas, we are strongly
Slide 10: Underground Gas Storage & Electricity
Underground Gas Storage & Electricity Existing (Old) Plant - Electricity Production and Revenues Revenues from Storage (million RON) 963 880 97 140 Total UGS 120 Revenues: 76 406 375 +8.4% y/y 451 48 65 61 62 +18.6% y/y 301 295 342 45 62 144 149 2 2 2023 2024 71 76 180 177 2023 2024 H1 2024 H1 2025
Slide 11: Revenues from storage services and electricity
4. “Revenues from Storage Services” were higher by 8% year-on-year at RON 276 million, with capacity reservation having a 54% weight. Reserved capacity was 93.76% at the end of June 2025, with a filling rate of 56.42%. 5. “Revenues from Electricity” adjusted by 1.5% year-on-year, and added RON 177 m
Slide 12: Robust Profitability Margins
Robust Profitability Margins ► Significant profitability rates Summary H1 2025 (vs H1 2024) Revenues - total 4,248 million RON ( 9%) EBITDA 2,308 million RON ( 2%) Net Profit 1,679 million RON ( 9%) EBITDA, EBIT and Net Profit margins EBITDA margin 54.3% ( ) 60.5% NP margin 39.5% ( ) 54.3% Employee
Slide 13: Total revenues, taxes and net profit
6. Overall, ROMGAZ Group reported “Total Revenues” of RON 4.25 billion, elevated by 9% compared to RON 3.90 billion in the previous year – based on the contribution of our gas sales segment. 7. Regarding expenses, the “Windfall Profit tax” increased by 24% year-on-year, to RON 475 million in the Fir
Slide 14: Capital Expenditures mainly driven by Neptun Deep Development
Capital Expenditures mainly driven by Neptun Deep Development Capital expenditures (million RON) 3,204 CAPEX split by segments 1,895 1,214 1,253 5% 7% 3% 1% 5% 9% 2% 4% 0% 7% 10% 6% 18% 15% 11% 2023 2024 H1 2024 H1 2025 35% 69% 74% 73% 45% 2023 2024 H1 2024 H1 2025 Neptun Deep Equipment upgrades Ele
Slide 15: Capex and Neptun Deep progress
D. On the capex side, ROMGAZ Group invested a total consolidated amount of RON 1.89 billion in the First-Half of 2025. Of this amount, RON 1.42 billion represented the investment of Romgaz Black Sea Limited, and RON 447 million – the investments made by Romgaz alone (mainly in exploration and produc
Slide 16: Iernut Combined-Cycle Gas Turbine power plant
Another strategic objective is the Combined-Cycle Gas Turbine POWER PLANT in IERNUT – for which we are now performing the remaining works. At the end of July 2025, the total progress of the investment of the turnkey project (consisting of the execution of the Initial Work Contract + execution of the
Slide 17: Dividend distribution
Dividend distribution Dividends (million RON) and dividend payout ratio (%) (for the previous year) 1500 52.1% Dividends Payout ratio 1000 20.7% 19.6% 1,318 500 549 604 0 -30.0% 2022 2023 2024 17
Slide 18: Dividends distributed this year
E. I would also like to mention the dividends distributed this year: We remind that on April 29th, the Shareholders of Romgaz decided upon Total Gross Dividends of RON 604 million, which resulted into a Total Payout Ratio of 20% for last year and will allow Romgaz to partially finance its significan
Slide 19: ROMGAZ Group - Important Corporate Events
ROMGAZ Group - Important Corporate Events August 6,2025 2024 / January 2025 April 30, 2025 A new MM contract to ROMGAZ ranks as a blue chip ESG Report published improve trading liquidity on the BVB Sept 30, 2024 Dec 17, 2024 Dec 31,2024 Inaugural EUR 500 mln Credit rating GDRs delisted from bond iss
Slide 20: Performance of Romgaz shares on the Bucharest Stock Exchange
F. At the end of this presentation, I would like to highlight the strong performance recorded by Romgaz shares on the Bucharest Stock Exchange: SNG share price boosted by over 65% this year, and by almost 50% over the past 6- month period. We believe that the positive stance of investors is due, amo
Slide 21: Thank you for your attention!
Thank you for your attention! 21