Slide 1: Q2 2021 Results
Q2 2021 Results August 26th, 2021 1
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: Q2 2021 – Results' Highlights
Q2 2021 – Results’ Highlights AN INCREASE IN NET PROFIT CONTINUED IMPROVEMENT IN DEBT & EQUITY MEASURES Decrease in Net debt : NIS 4.1B as of June 30, 2021, a decrease Net profit of NIS 302M in Q2 2021 vs. a net loss of NIS 217M from NIS 4.3B in December 31, 2020. of NIS 326M in Q2 2020 (NIS 581
Slide 4: Major Developments during the period
Major Developments during the period SOURCES WITH INCREASING FINANCIAL FLEXIBILITY $1.85B raised in Ithaca under a Re-finance program: In July 2021, a significant refinancing program was successfully completed with a $1.85B raised. The program included amending and extending the Reserves Based Len
Slide 5: Continued Decrease in Financial Debt
Continued Decrease in Financial Debt Financial Debt Debentures Net Financial Debt (Company & Staff Companies) (Company & Staff Companies) (462) )2,116( )1,911( 6,242 8,228 5,968 6,148 5,878 *6,317 *5,506 4,343 4,204 4,126 5,325 5,054 31.3.2020 31.12.2020 31.3.2021 30.6.2021 31.3.2020 31.12.2020 31.3
Slide 6: Continued Decrease in Bond Yields
Continued Decrease in in Bond Yields Rating reduced Q2 2020 reports Q3 2020 reports One year publication from rating Current to BBB publication reduced yield * Source – Terminal Kav Manhe 6
Slide 7: Natural Gas in Israel – Highlights
Natural Gas in Israel – Highlights* Leviathan BCM 5.5 - Net Income (NIS million) Revenues (NIS million) Net Income (NIS million) +33% +37% Leviathan +58% - +55% BCM 2.8 1,56 8.9 340 1,17 4 6.5 2 786 4.5 174 2.9 498 -53 -211 Q2 2020 Q2 2021 H2 2020 H2 2021 Q2 2020 Q2 2021 H1 2020 H1 2021 Q2 2020 Q2 2
Slide 8: Natural Gas in Israel: Main Events
Natural Gas in Israel: Main Events Sharp increase in leviathan’s production led to revenue growth. Annual run-rate: 10.8 BCM, vs. forecasted production of 10.2 BCM for 2021. Export to Egypt increased from 0.4 BCM to 1.6 BCM and sales to the Israeli market increased from 1.9 BCM to 2.6 BCM. Exp
Slide 9: Oil & Gas in the UK North Sea
Oil & Gas in the UK North Sea Decrease in Net Increase in Net Profit Debt $ million +735 +37 109 1,220 66 1,012 29 109 -626 31.12.2020 30.06.2021 Q2 2020 Q2 2021 H1 2020 H1 2021 9
Slide 10: Oil & Gas in the UK North Sea: Main Events
Oil & Gas in the UK North Sea: Main Events MAIN EVENTS & OPERATIONAL MEASURES Successful completion of a comprehensive Re-Finance program with a total of $1.85B raised: amending and extending the Reserves Based Lending (RBL) facility of $1.225B to 2026 and the putting in place of a new $625M bond
Slide 11: Strong Results and Continued Improvement in Shareholders Equity
Strong Results and Continued Improvement in Shareholders Equity Shareholders’ Net income Income from continued equity operations1 581 +69% 302 -326 2,312 +57% 2,086 484 -3,092 1,428 177 286 113 30.6.2020 31.12.2020 30.6.2021 Q2 2020 Q2 2021 H1 2020 H1 2021 Q2 2020 Q2 2021 H1 2020 H1 2021 A signifi
Slide 12: Thank You
Thank You Group Management +972 9 863-8443