Newmed Energy Limited Partnership · TASE:NWMD
Newmed Energy Limited Partnership — Q3 2023 Earnings Presentation
18 slides from Newmed Energy Limited Partnership's earnings presentation, Nov 16, 2023
Slide 1: 3Q 2023 Financial Results Presentation
Slide 2: Disclaimer
NA Disclaimer This presentation was prepared by NewMed Energy Limited Partnership (the “Partnership’) and is given to you only for the provision of concise information for the sake of convenience and may not be copied or distributed to any other person. The Data and information included in this pres
Slide 3: Key Highlight
Key Highlight Q Operational update in connection with the ongoing war in Israel Q BP & ADNOC acquisition offer — Continued negotiation Q 3 quarter production - c. 1,120 MMcf/d (197 Mboe/d), 2.92 BCM Q_ 3" quarter earnings - $201mm EBITDA / $118mm net profit Q Leviathan Expansion & Aphrodite Developm
Slide 4: Production Summary
Production Summary. Average Price ($/mmbtu) 6.06 Average Price ($/mmbtu) hb Average Price ($/mmbtu) 6.10 Average Price ($/mmbtu) 6.21 * Production Summary for Leviathan 100%
Slide 5: Monthly production and price history
0. 20. 40. 60. 80. 100. 120. 140. Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23
Slide 6: Mediterranean Sea pipeline and export infrastructure
Mediterranean Sea a Connecting pipelifle to Jordan. ad Leviathan transmission syétem INGL Ashdod-Ashkelon pipeline EMG pipeline Nitzana Export Route Egypt Platform Arab gas pipeline, connecting LNG site Egypt & Jordan Existing pipeline Under construction and planned pipeline
Slide 7: Leviathan Expansion & Aphrodite Development
NN Leviathan Expansion & Aphrodite Development Q Leviathan Phase 1B a Upstream development planning is progressing- The pre-FEED phase has been completed, including the design of underwater infrastructures and required facilities on the production rig Leviathan's partners intend to proceed with full
Slide 8: Oil and Gas Exploration in Israel
Oiland Gas Exploration in israel ZONES AWARDED IN THE 4*° OFFSHORE “oe BID ROUND OF ISRAEL Sei nant
Slide 9: Key 3rd Quarter Financial Metrics
Key 3'¢ Quarter Financial Metrics smm EBITDA Sales 356 318 282 30 20 30 21 30 22 EBITDA calculated as Operating profit + Deprecation and Amortization Net Profit_before income tax 286 30 23 268 197 30 20 30 21 Jrctuding 22% WI in Tamar 30 22 30 23 | excluding Tamar WI 30 20 Net Profit* 230 166 201 |
Slide 10: P&L Summary
>&L Summary smn), Revenues From natural gas and condensate sales Net of royalties Revenues, net Expenses and costs: Cost of production of natural gas and condensate Depreciation, depletion and amortization expenses Other direct expenses G&A Total expenses and costs The Partnership's share in the los
Slide 11: Quarter and 9M Change in Net Profit
34 Quarter Change in Net Profit (smm | as -12 a | Net profit 30 2022 price per mmbtu change in quantities 9M Change in Net Profit (smm) eS_— AB Net profit 10-30 2022 price per mmbtu change in quantities Net Financeial expense Net Financeial expense 7 operating expense operating expence Tax expense ‘
Slide 12: Balance Sheet
Balance Sheet Summary (mm ‘Assets: Current assets: Cash and cash equivalents Short-term investments and deposits Trade receivables Trade and other receivables Current taxes receivable Non-current assets: Investments in oil and gas assets Investments in a company accounted for at equity Long-term dep
Slide 13: Financial Debt
Financial Debt (sooo), 3,500,000 3,000,000 2,500,000 2,000,000 1,500,000 1,000,000 500,000 ° 30/09/2021 31/12/2021 31/12/2022 31/03/2023 30/06/2023 30/09/2023
Slide 14: P&L Summary
>&L Summary smn), Revenues From natural gas and condensate sales Net of royalties Revenues, net Expenses and costs: Cost of production of natural gas and condensate Depreciation, depletion and amortization expenses Other direct expenses G&A Total expenses and costs The Partnership's share in the los
Slide 15: Dividends & Buy-Back
Dividends & Buy-Back $50 mm distribution for the quarter, same as the previous quarters of 2023 Board of Directors reapproved a Bond buy-back of up to $90 mm 2019 2020 2021 2022 YTD Dividend m Tax balancing payment * Including latest declared Dividend 15
Slide 16: NewMed Energy - IR
Med Energy- IR = Tel. 497299712421 —— = < IR@newmedenergy.com
Slide 17: Appendix
Slide 18: Leviathan Bond Sponsor Financial Data Report
Leviathan Bond Sponsor FinancialDataReport Total offtake (CM) and Leviathan Revenue for 100% of the Leviathan partners on an accrual basis. RTER ENDED ITEM AMOUNT (IN USD$ ,000) Total Offtake (80M) 29 Leviathan Revenues (100%) 641,879 Loss Proceeds, if any, paid to Revenue Account 7 Sponsor Deposits
NewMed Energy Limited Partnership — Q3 2023 Earnings Presentation on 6ix