Navitas Petroleum Lp · TASE:NVPT
Navitas Petroleum Lp — Investor Presentation (June 2025)
21 slides from Navitas Petroleum Lp's investor presentation, June 2025
Slide 1: Investors Presentation
Investors Presentation June, 2025
Slide 2: Navitas Petroleum at a Glance
Navitas Petroleum USA At a Glance Established portfolio Comprised of large offshore projects (development & producing) and onshore producing fields Creating significant value by investing in opportunistic Mega Projects on the verge of FID Reducing subsurface risk and shortening time to first oil Pro
Slide 3: Established NAV and Significant Resource Base
Established NAV and Significant Resource Base1 Discounted cash flows Navitas’ Discovered Resources Project for Navitas Millions of barrels (MMBOE) NPV10-2P/2C Shenandoah (2P) USD 3,892 million Sea Lion (2C)2 USD 3,592 million Buckskin (2P) USD 275 million Shenandoah (2P) 211 Sea-Lion (2C) 819 Monume
Slide 4: Navitas Offshore Strategy
Navitas Offshore Strategy Investment prior to Navitas’ farm-in Investment following to Navitas’ farm-in Mitigate subsurface risks and shorten time to First Oil FID - Final Investment Decision $ FID Investment Leveraging First Oil position in the Israeli capital market Navitas Farm-in Appraisal Wells
Slide 5: Overview of Navitas' Assets
Overview of Navitas’ Assets Average Daily NPV Status Working Interest Partners Production (2P/2C Navitas share) Shenandoah Development 49% 45,000 BO/D1 USD 3,892 million Buckskin Production 7.5% 2,600 BO/D3 USD 275 million Offshore US GoA Monument Development 28.57% 5,700 BO/D2 USD 292 million Disco
Slide 6: Shenandoah Project The "Game Changer"
Shenandoah Project The “Game Changer” USA USA 49% Gulf of America Navitas working Interest 211 MMBOE ~$7.6 2P net to Navitas OPEX/BOE1 Shenandoah Gulf of America $617m $3,892m Committed project financing Navitas share in place (Navitas share) NPV10 2P 45,000 BO/D Navitas share of expected daily prod
Slide 7: Shenandoah Project Development Status
Shenandoah Project Development Status 4 Development wells were successfully drilled to their final depth Completion operations of three wells were successfully completed Completion operations on the fourth production well are currently underway Flowback of two wells were successfully complet
Slide 8: Shenandoah Project The "Game Changer"
Shenandoah Project The “Game Changer” FPS sailaway from HHI shipyard in South Korea and arrival at Corpus Christy Bay, USA Shenandoah | 8
Slide 9: Shenandoah Project Leveraging success into additional value creation
Shenandoah Project Leveraging success into additional value creation USA FPS capacity and expected production volume which serves as regional HUB 160,000 140,000 Daily production capacity Gulf of America 120,000 Daily production BBL(100%) 1 Monument 100,000 80,000 60,000 Shenandoah 40,000 Under Deve
Slide 10: Monument Project
Monument Project USA 28.57% FID In February 2025, project finance agreement was USA Gulf of March signed with a credit facility of $150 million to America Navitas working Interest 2024 finance Navitas’ share in the project’s 33 MMBOE $244m development. Navitas share of expected 2P net to Navitas d
Slide 11: Buckskin Project World Class Performance
Buckskin Project World Class Performance USA USA 7.5% An established strong track record of June 2019 Gulf of Navitas working First Oil production underpinning future America Interest performance Buckskin 4 Wells Reputable project partners, lead by LLOG Gulf of America 21 MMBOE ~$18 Additional p
Slide 12: Sea Lion The Next Big Thing
Sea Lion The Next Big Thing FID is expected in H2-2025 65% 819 MMBOE First oil is expected Q1-2028 Working interest & Operator 2C net to Navitas 32,5001 BO/D $3,592m Navitas share Expected daily production South America NPV10 2C2 Fully appraised with 20 exploration and appraisal penetrations drilled
Slide 13: Sea Lion The Next Big Thing
Sea Lion The Next Big Thing Development Status Development Plan Field development plan (FDP) – “technical” approval was received 5 Phases from the Falkland Islands Government (FIG) for phases 1 & 2 64 wells to be drilled Environmental Impact Statement (EIS) based on the development plan, post pu
Slide 14: Navitas EBITDA Forecast
Navitas EBITDA Forecast USD millions 1 2,000 Shenandoah 1,840 1,873 1,785 1,800 Buckskin (producing asset) 1,600 Onshore assets (producing assets) 1,317 1,400 Monument USD millions 1,200 1,107 Shenandoah South (Yucatan) 1,000 800 Sea Lion 566 600 400 200 0 2025 2026 2027 2028 2029 2030 1. In accorda
Slide 15: Financial Information
«4 NAVITAS PETROLEUM Financial Information
Slide 16: Net Consolidated Financial Debt
Net Consolidated Financial Debt. of March 31, 2025 (in USD thousand) Debentures (Series C) (89,715) Convertible debentures (Series D) (47,135) Debentures (Series E) (136,666) Liabilities Debentures (Series F) (244,755) Debentures (Series G) (108,911) Loan for funding the Shenandoah project (510,152)
Slide 17: Operations results
Operations results1 Resources EBITDA* Barrels Production 2P/2C USD million MMBOE MMBOE 100 2,000 1,400 87 90 1,662 1,708 1,124 1,557 1,200 80 1,600 70 1,286 1,000 63 1,218 60 821 60 1,200 800 715 49 50 800 600 40 30 22 465 400 266 20 14 400 201 214 200 10 0 - - 2019 2020 2021 2022 2023 2024 2019 202
Slide 18: Navitas key takeaways
Navitas key takeaways Substantial asset backing Robust cash flow generation low net debt to NPV10 of 2P reserves of robust projects portfolio, encompassing significant growth 21% trajectory and value upside Unique offshore strategy Proven access to capital risk mitigation and shortening time to USD
Slide 19: Thank You!
«4 NAVITAS PETROLEUM Thank You!
Slide 20: Disclaimer – Limitation of Liability
Disclaimer – Limitation of Liability This presentation was prepared by Navitas Petroleum Limited Partnership (“Navitas” or the “Partnership”). This presentation does not purport to be comprehensive or to include all the information which may be relevant to making an investment decision in connection
Slide 21: Disclaimer – Limitation of Liability (cont.)
Disclaimer – Limitation of Liability (cont.) Additionally, it may be influenced by a variety of factors related to oil production projects and/or market conditions and oil price volatility and/or the realization of any risk factors described in the Partnership’s reports. Therefore, the forward- look
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