Newmed Energy Limited Partnership · TASE:NWMD
Newmed Energy Limited Partnership — NewMed Energy — BofA Emerging Markets Corporate Conference 2026
28 slides from Newmed Energy Limited Partnership's conference presentation, Jun 23, 2026
Slide 1: NewMed Energy June 2026
NEWMEDENERGY June 2026
Slide 2: Full E&P Value Chain Operation
2 Full E&P Value Chain Operation Tel-Aviv (TA-35) listed Evolution from Domestic to LP with a market cap of Regional dominance and c. $7 Billion Global expansion World class E&P Financial strength portfolio of assets, from based on robust Exploration through cash-flow and Development and economic va
Slide 3: Production
3 Production
Slide 4: Leviathan – A Regional Energy Game Changer
4 Leviathan – A Regional Energy Game Changer ▪ Ownership NewMed Energy 45.3%, Ratio 15%, Chevron Corp. (operator) 39.7% ▪ 2P Reserves 19.5tcf/ 553 bcm, 43 mmbbl condensate ▪ Produced from start up 2.2 tcf/ 62.9 bcm, 5 mmbbl condensate ▪ Production Capacity 1.2bcf/d 1.4bcf/d 2.1+ bcf/d ▪ Additional P
Slide 5: Leviathan – Contracts and Sales Breakdown
5 Leviathan – Contracts and Sales Breakdown Long term contractual structure with Take or Pay mechanism and limited commodity price risk IPP & Electricity Related Jordan - NEPCO Egypt - Blue Ocean • Contracted sales • 3 bcm/y with a Take or • Currently - 4.7 bcm/y + volume of ~ 2 bcm/y Pay commitment
Slide 6: Leviathan Actual Sales by Market
6 Leviathan Actual Sales by Market 11.37 10.97 11.20 10.90 10.65 1.5 2.0 1.6 3.8 7.21 4.6 2.7 2.8 2.7 2.7 3.5 2.7 7.0 6.4 1.9 6.3 4.9 3.4 1.9 2020 2021 2022 2023 2024 2025 Egypt Jordan Israel
Slide 7: Price Environment
0. 20. 40. 60. 80. 100. 120. 140. Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 Brent end of month ($/bbl) May-21 Jun-21 Jul-21 Price Environment Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-
Slide 8: NewMed's Leviathan - Actual Performance
8 NewMed’s Leviathan- Actual Performance Leviathan 45.34% WI - Strong operating and financial results Net Production (BCM) Average Realised Price ($/mmbtu) 5.2 5.0 5.1 4.9 6.2 6.1 6.1 5.6 2022 2023 2024 2025 2022 2023 2024 2025 Net Revenue ($mm) Net EBITDA ($mm) $ Avg. opex ($/mcf) 1,144 1,094 1,136
Slide 9: Development
9 Development
Slide 10: Strategically located in the East Med
10 Strategically located in the East Med Leviathan is a key strategic asset addressing the region ’s immediate An Island of Supply in a Sea of Demand • Israel is a net exporter of gas, taking a big step Israel towards full energy independence • Leviathan is key for the success of Israel ’s energy tr
Slide 11: Egypt Gas Supply-Demand Balance
11 Egypt Gas Supply -Demand Balance A growing deficit amounting to 40-50 bcm/y of natural gas in the Egyptian gas market by the end of the decade 100 90 80 20 BCM/y 70 60 50 40 BCM/y 40 30 20 10 0 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 204
Slide 12: Israel Domestic Market Demand
12 Israel Domestic Market Demand ❑ Israeli market will require additional 5.3bcm by 2035 2.5 3.5 19.2 0.6 0.3 2.7 4.3- 13.9 Organic Growth Energy Transition Population Growth Desalination Renewable Energy 2035 2024 Economic growth Coal phase -out Electrific Transportation Source : BDO consulting
Slide 13: Regional Connectivity
13 Regional Connectivity 1 INGL Ashdod-Ashkelon, EMG pipeline Debottleneck using Full capacity of EMG – 850mmcf/d – 3Q 2026 ▪ Leviathan capacity : 650mmcf/d Leviathan Connecting pipeline to Jordan transmission system 2 FAJR + compression – Additional 400 mmcf/d – 2H 2026 Cyprus LPP ▪ Leviathan capac
Slide 14: Leviathan Expansion
14 Leviathan Expansion ❑ Three new wells ❑ Sub -sea infrastructure Capex budget c. $2.4 B (100% Leviathan) ❑ 2 new processing trains on the Platform Production capacity 1.4 bcf/d (14 bcm/y) 2.1 bcf/d (21 bcm/y) * Numbers for 100% Leviathan
Slide 15: Leviathan Expected Production
15 Leviathan Expected Production 1 Egypt 2 Jordan3 Israel 4 Poduction Capacity 22 20 18 16 14 12 10 8 6 4 2 0 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 1. 2020-2025 Actual Sales ; 2. Yellow: Egypt ACQ, light yellow: Egypt spot ;3. Jordan
Slide 16: NewMed's Leviathan 2P Expected CF
16 NewMed’s Leviathan 2P Expected CF Leviathan ( 45.34%, $’mm) 2,600 2,300 2,000 1,700 1,400 1,100 800 500 200 -100 -400 -700 -1,000 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 Revenue Royalties OPEX CAPEX Levy Income Tax Cash Flow NewMed Energy Leviathan 2P reserve an
Slide 17: Cyprus - Aphrodite Project
17 Cyprus - Aphrodite Project Zone I may be modified ❑ Ownership NewMed Energy 30%, Shell 35%, Chevron Corp. (operator) 35% ❑ 2C Resources 3.53 tcf (100 bcm), 7.9mmbbl condensate ❑ Location 168 km south of Limassol, 1,700m water depth ❑ Expected Production Capacity 800 mmcf/d ❑ Target Markets Egypt
Slide 18: Exploration
18 Exploration
Slide 19: Additional Exploration Activities
19 Additional Exploration Activities Morocco - Boujdour Exploration in Israel - Zone I ❑ Reprocessing and analyzing the ❑ 6 Exploration blocks officially blocks seismic available data awarded by MOE. ❑ Preparing for Seismic surveys 33.3% 33.3% 33.3%
Slide 20: One Exploration Well Each Year
20 Exploration Activity Target: One Exploration Well Each Year Morocco Bulgaria Israel Boujdour Han-Asparuh Zone I
Slide 21: Finance
mate @.ers)
Slide 22: Leviathan Financing
22 Leviathan Financing ❑ $2.5B Leviathan Bond structure ❑ Current outstanding debt of $1.15B ❑ Full payment of series- 23, 25 amounts to $1.1B without refinancing Issuance Details : Issuer / Sponsor Leviathan Bond Ltd. / NewMed Energy LP Format Rule 144A and Regulation S Ranking Senior Secured Notes
Slide 23: Net Financial Debt ($'B)
23 Net Financial Debt ($’B) ❑ Net Debt of $ 1,212mm 1,527 ❑ Strong balance sheet with low leverage entering a new investment cycle ❑ Undrown Banks credit facilities in the 1,241 1,234 1,212 amount of $600 * mm available for corporates needs 23-Dec 24-Dec 25-Dec 26-Mar * Leviathan Bond Debt as of Mar
Slide 24: Dividends
24 Dividends ❑ The partnership has declared a $ 70mm profit distribution to unitholdersdeclared for the 4th quarter of 2025 ❑ Stable quarterly share-holders return through cash Dividends Dividend Distributions * ($’mm) 250 250 250 210 210 2021 2022 2023 2024 2025 * Including latest declared Dividend
Slide 25: ESG - Activities & Targets
25 ESG - Activities & Targets ❑ Unlock value for investors, including through profits' distribution ❑ Boost state revenue and energy independence, while supporting complete phase -out of coal for power generation in Israel ❑ Achieve net-zero emissions, primarily through offsets derived from renewabl
Slide 26: Near & Medium-Term Milestones
26 Near & Medium-Term Milestones Exploration Activities Years 2022-2023
Slide 27: Disclaimer
Disclaimer This presentation was prepared by NewMed Energy Limited Partnership (the “Partnership ”) and is given to you only for the provision of concise information for the sake of convenience and may not be copied or distributed to any other person. The Data and information included in this presen
Slide 28: Thank You
Thank You NewMed Energy - IR Tel. +972 9 971 2421 IR@newmedenergy.com 28
NewMed Energy — BofA Emerging Markets Corporate Conference 2026 on 6ix