Ratio Energies Limited Partnership · TASE:RATI
Ratio Energies Limited Partnership — Investor Presentation (May 2023)
15 slides from Ratio Energies Limited Partnership's investor presentation, May 2023
Slide 1: Ratio Energies Investor Presentation Q1 2023
RATIO ENERGIES INVESTOR PRESENTATION O1 2023
Slide 2: Disclaimer
DISCLAIMER This presentation was prepared by Ratio Energies – Limited Partnership (the “Partnership” or “Ratio”). It is not an offer to buy or sell securities of the Partnership, nor an invitation to receive such offers, and is designed, as aforesaid, for the provision of information only. The infor
Slide 3: Q1 2023 Highlights
Q1 2023 HIGHLIGHTS Revenue Production Average Gas Price $93m 2.8 BCM $6.1 /MMbtu +13% YoY Of which, 2.2BCM Exported +5% YoY Revenue from Export Dividend $76m In Q1 $35m +25% YoY additional $25m in 2022 3
Slide 4: Leviathan: World-Class Asset and Regional Energy Anchor
LEVIATHAN Ownership Gross Reserves & Resources1 World-Class Asset Operator 619 BCM and a Regional 15% 15% 101 77 48 mmbl Energy Anchor 40% 39.66% World-class operator 8 6 Contingent resources – Future development assuring the highest Contingent resources – standards of operations and 441 current dev
Slide 5: Phase 1A Upstream: Near-Mid Term Optimization
PHASE 1 A Phase 1a Near-mid Term Optimization UPSTREAM Project Expected Completion Expediting 3rd gathering line1 Mid-2025 Completion of 5th production well Q2 2023 Continuous efforts to optimize Completion of Condensate infrastructure Q4 2023 production and 10 Year's outlook for Ratio3 Leviathan Ph
Slide 6: Phase 1A Midstream: Expanding Infrastructure
PHASE 1A Under Development MIDSTREAM Turkey Current Planned Capacity Capacity 500mmcf/d 750mmcf/d Cyprus EMG 350mmcf/d 550mmcf/d Leviathan’s Leviathan’s Expanding Current Capacity future Capacity1 infrastructure to meet regional Future Development2 Damietta Jordan gas demand IDKU Current Planned Isr
Slide 7: Leviathan Phase 1B
LEVIATHAN PHASE 1B Increase Production Capacity and Gain Entry to Global LNG Markets Upstream Midstream Approved development plan to Several gas sales infrastructure increase production to ~ 21 BCM/A alternatives being considered: Leviathan platform expansion FLNG Facility $45M budget in 2023 for Pr
Slide 8: Leviathan's Marketing Advantage
LEVIATHAN’S Leviathan Gas Sales Agreements MARKETING Egypt ADVANTAGE ~135 BCM Blue ocean long-term agreement • 60 BCM total contract quantity Signed GSPAs • Brent linkage, floor price, take-or-pay 33 BCM • Additional spot sales Supplied since production start1 Israel Long-term strategic Mixture of l
Slide 9: Egypt Gas Market
EGYPT GAS MARKET Regional Gas Demand- Rise LNG exports Hub production gap Egypt is a mature natural gas Fast-rising domestic natural Egypt exported ~8 m market which aspires to gas demand while production (~11 BCM) of LNG in 2022 become a regional gas hub from mature fields declines with intention t
Slide 10: Israel Gas Market
ISRAEL GAS MARKET Rising gas demand Competitive Opportunities environment Driven by growing usage of 3 Gas fields supply all of Israel New opportunities for gas to power generation, gas consumption, assuring Leviathan in Israel with industry, and transport Israel’s energy security and privatization
Slide 11: Jordan Gas Market
JORDAN GAS MARKET Steady gas demand Enabling regional Opportunities collaborations Jordan demand for gas Key energy supplier for New opportunities for projected to remain steady as Jordan, and use of Leviathan in Jordan comes raising power demand will be infrastructure enables from transitioning fro
Slide 12: Financial Results
FINANCIAL RESULTS
Slide 13: Q1 2023 Key Financial Metrics
Q1 2023 Revenue ($M) EBITDA ($M) KEY +15% FINANCIAL +13% 56 64 METRICS Q1 2022 Q1 2023 93 Operating Cash Flow ($M) Continued 82 +46% improvements 57 39 across the board Q1 2022 Q1 2023 Q1 2022 Q1 2023 Revenue mix 26% 18% Net Income ($M) +16% Q1 2022 Q1 2023 33 74% 28 82% Export Markets Domestic Mark
Slide 14: High Debt Service Capability
HIGH DEBT Long-term debt planning Net Financial Debt ($M) SERVICE Debt service from cash flow and without need to refinance in short-mid term 610 587 CAPABILITY Conservative debt management Hedging transactions as part of the partnership 569 518 risk-management in a changing interest rate 486 enviro
Slide 15: Ratio Energies Contact
RATIO ENERGIES LIMITED PARTNERHIP 85 Yehuda Ha’levi St. Tel-Aviv 6579614 Israel www.ratioenergies.com Alon Sela, Head of Capital Markets 03-5661338 alon@ratioenergies.com
Ratio Energies Limited Partnership — Investor Presentation (May 2023) on 6ix