Delek Group Ltd. · TASE:DLEKG
Delek — Q1 2021 Earnings Presentation
10 slides from Delek's earnings presentation, May 31, 2021
Slide 1: Q1 2021 Results
Q12020Results } Maal Zier ge. MORAN Te meni: i = om a a artr we Pi 9 Lhe May 31, 2021
Slide 2: Disclaimer
Disclaimer This presentation was prepared by Delek Group Ltd (“Delek”, or the “Company”), and is given only for the provision of concise information for the sake of convenience. This presentation does not purport to be comprehensive or to contain any and all information which might be relevant in co
Slide 3: Q1 2021 – Results' Highlights
Q1 2021 – Results’ Highlights CONTINUED IMPROVEMENT IN GROUP’S STRONG RESULTS TO DELEK’S CORE BUSINESSES RESULTS Contribution from continued operartions1: NIS Natural gas in Israel – contribution to profit from 307M, vs. NIS 173M in Q1 2020, an increase of continued operations – NIS 166M vs. NIS
Slide 4: Major Developments
Major Developments AMENDMENT TO UPDATED DEED OF FINANCIAL FLEXIBILITY TRUST APPROVED BY BONDHOLDERS Rating covenant to be postponed by several Debenture repayments (principal and interest) of NIS instalments until March 31, 2022, subject to a 1.6B and full repayments of bank loans amounting to s
Slide 5: Continued Decrease in Financial Debt
Continued Decrease in Financial Debt Debentures (principal) Financial Debt Net Financial Debt NIS million (Company & Staff Companies) (Company & Staff Companies) (914) )2,350( )2,038( 8,228 6,242 5,968 5,325 6,148 5,054 5,878 4,343 4,204 March Dec 31, March 31, March Dec 31, March 31, March Dec 31,
Slide 6: Continued Decrease in Bond Yields
Continued Decrease in in Bond Yields Rating Q2 2020 reports Q3 2020 reports Q4 2020 reports reduced to publication publication publication Current yield BBB Bond series April 1, August 31, November 25, April 1, 2021 May 30, 2021 2020 2020 2020 Series 13 506% 40% 19% 11% 12% Series 22 749% 47% 30% 15
Slide 7: Natural Gas in Israel
Natural Gas in Israel Sales volume (BCM) Revenues (NIS million) Net Income (NIS million) +15% +69% Leviathan- +5% 2.7 BCM 778 4.4 674 3.6 166 158 Q1 2020 Q1 2021 Q1 2020 Q1 2021 Q1 2020 Q1 2021 An increase of 65% in the sales from Leviathan. Annual run-rate: 10.8 BCM, vs. forecasted production of
Slide 8: Oil & Gas in the UK North Sea
Oil & Gas in the UK North Sea Cash flow from operations (EBITDAX) Net profit Net debt $ million 0 43 (150) 221 221 (655) +698 1,220 1,070 Q1 2020 Q1 2021 Q1 2020 Q1 2021 Dec 31, 2020 March 31, 2021 Stable EBITDAX vs. Q1 2020. Higher oil and natural gas prices offset by lower production and lower c
Slide 9: Strong Results and Continued Improvement in Shareholders Equity
Strong Results and Continued Improvement in Shareholders Equity Shareholders’ equity Net income Contribution from continued NIS million operations1 279 0 +134 +3,045 2,432 (2,766) 2,086 307 1,428 1,488 173 Q1 2020 Q1 2021 Q1 2020 Q1 2021 A significant increase in the sales from Leviathan and impro
Slide 10: Thank You
Thank You Limor Gruber Head of Investor Relations Limorg@delek-group.com +972 9 863-8443