Rex International Holding Ltd. · SGX:5WH
Rex International — Investor Presentation (October 2023)
21 slides from Rex International's investor presentation, Oct 19, 2023
Slide 1: Corporate Presentation
sas «€©6s CORPORATE = ~ PRESENTATION Singapore, October 2023
Slide 2: Disclaimer
DISCLAIMER The information contained in this presentation has not been independently verified. Rex International Holding Limited (the “Company”) and its representatives assume no responsibility or liability whatsoever (in negligence or otherwise) for, the accuracy or completeness of, or any errors o
Slide 3: Company Highlights
inn VALUE FOCUS OPPORTUNITY * Production in Norway and Oman, and development of discovery assets in Norway boep¢t barrels of ofl equivalent per day Mmboe: millions of barrels of oil equivalent MMstb: millions of stock tank barrels Notes: *AGREnergyServices' estimates *RPS Energy Consultants Ltd's es
Slide 4: Production & Production Costs
Group PRODUCTION & PRODUCTION COSTS August 2023: Production from Norway increased 182% year-on-year to a total of about 7,726 boepd, following the addition of production from the Yme Field; compared to production of 2,742 boepd from only the Brage Field in August 2022. Production from Norway and Oma
Slide 5: Short-Term Catalysts for Higher Production
SHORT-TERM CATALYSTS FOR HIGHER PRODUCTION BRAGE YME YUMNA NORWAY NORWAY OMAN + Four producer wells (one of which started + Four producer wells (one of which started + Amore robust and larger flowline has been production in May) and one new water injection production in August) are expected to be ad
Slide 6: Assets
Slide 7: Oman
OMAN MASIRAH OIL LTD: BLOCK 50 OMAN Ownership: Rex Oman - 91.81% interest in Masirah Oil Ltd Location: Gulf of Masirah, east of Oman Area: ~17,000 sqkm, 23 times the size of Singapore Awards: 2014 "Offshore Discovery of the Year" award in Oman Floating storage tanker and Mobile Offshore Production U
Slide 8: Oman: Reserves and Prospective Resources
OMAN RESERVES AND PROSPECTIVE RESOURCES Potential Resources Licence Area Investigated to be further [SSSaTES GiaraT a Et tho ite (439) (91.81%) explored B7.MMstbilefttobe | Sat . produced + . Yumna Field produced 7.1 MMstb produced as at 31 Dec 2022 Block 50 Oman as at 31 Dec 2022 Entire ~17,000sqkm
Slide 9: Norway
NORWAY LIME PETROLEUM AS Ownership: Rex International Investments - 91.65% interest in Lime Petroleum AS Location: Norwegian North Sea & Norwegian Sea Licences: Interests in ~20 licences, including in the producing Brage and Yme Fields 2022 Acquisition: 10% in the producing Yme Field BRAGE FIELD (33
Slide 10: Norway: Reserves and Contingent Resources
NORWAY RESERVES AND CONTINGENT RESOURCES =e mii it 2P RESERVES Brage Unit 31/4-3 10.81 MMboe' 33.8434 3.66 MMboe 3.35MMboe PL316 Yme 9/2-1 54.67 MMboe" 10.00 5.47 MMboe 5.01 MMboe 2C CONTINGENT RESOURCES Brage 31/4-3 14.00 MMboe" 33.8434 4.74 MMboe 4.34 MMboe PL316 Yme 9/2-1 3.00 MMboe' 10.00 0.30 M
Slide 11: Corporate Highlights
CORPORATE HIGHLIGHTS
Slide 12: FY2022: Eventful Year
FY2022: EVENTFUL YEAR + Transferred listing from Catalist to Mainboard of SGX-ST % + Carried out Capital Reduction exercise x + Oman: Changed out production equipment and completed drilling campaign tS) + Maiden dividend paid out * Business diversification: Two transactions + Norway: Acquired 10 per
Slide 13: Company Highlights: Financials
COMPANY HIGHLIGHTS FINANCIALS Revenue 106.92 99.45 +75 Profit after tax 3.69 6.04 (38.9) Adjusted EBITDA' 47.13 50.10 (5.9) Earnings per share (US cents/SG cents)? 0.23/0.31 0.37/0.51 (37.8)/(39.2) Notes: ‘Adjusted EBITDA = Earnings -depletion of ol & gas properties- depreciation of property, plant
Slide 14: Company Highlights: Financials
COMPANY HIGHLIGHTS FINANCIALS ws + As at 30 June 2023, the Group’s cash and cash equivalents and quoted investments totalled US$75.49 million; with cash and cash equivalents at US$53.36 million, and quoted investments at US$22.13, million. Good and stable cash position No long-term debt in Rex Inter
Slide 15: Future: Business Strategy 2023/2024
FUTURE INVESTMENTS * On the lookout to invest in more viable production / near producing assets, to grow its production and reserves portfolio and geographical presence. BUSINESS STRATEGY 2023/2024 BOARD RENEW. * Process is ongoing. Over the past two years, five new directors (four of whom are Indep
Slide 16: Strong Potential to Add Value to Existing Assets
STRONG POTENTIAL TO ADD VALUE TO EXISTING ASSETS Project Maturity Target Mission Statement Sub-classes PRODUCTION ; z Si./2 Development y = 8 *To achieve mid- to long-term production of 20,000 a|k Development barrels of oil/oil equivalent per day S]2] 2 = 2 [CO INGEN Sz RESERVES 9 ES q $ ° o * Oil p
Slide 17: Oil Demand Outlook
OIL DEMAND OUTLOOK OUTLOOK FOR OIL PRICE MOVEMENT 7 . + U.S. Energy Information Administration Global crude oil production growth million barrels per day 9 (EIA)’s current assessment is that global 4 oil inventories are falling by 0.2 million 3.4 forecast b/d in the second half of 2023 (2H23). 3 + I
Slide 18: Diversification
DIVERSIFICATION NEW BUSINESSES ME EAC URNS www.xer-tech.com + In May 2023, Yellowstone LiDAR was tested and certified as compatible with the Xer X8 UAV platform. * Test flight operations and data acquisition has been performed under supervision of MOST Robotics GmbH, a German drone distribution and
Slide 19: Sustainability
SUSTAINABILITY SUSTAINABILITY & CORPORATE TRANSPARENCY ACCOLADES Ranked No. 1 in the Straits Times / Statista Singapore’s Fastest Growing Companies 2023 list, which includes 100 local businesses that achieved markedly high revenue growth between 2018 and 2021" Rex is ranked No. 32 out of 474 listed
Slide 20: Rex International Holding Facts
+ Number of shares: 1,302,320,991 + Market capitalisation: SGD 235.72m + Listing on Mainboard: 8 March 2022 + Avg daily trading vol. since IPO: 13.62m shares + Listing on Catalist 31 July 2013 + SGX / Bloomberg Stock code: 5WH / REX:SP PUBLIC + Asat 13 Mar 2023: 55.87% R | ; », e FLOAT MAJ + Limea L
Slide 21: Contact
CONTACT INVESTORS & MEDIA COMPANY ADDRESS Investor Relations & Communications Rex International Holding Ltd Department 1 George Street #14-01 Email: ir@rexih.com Singapore 049145
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