Sound Energy Plc · LSE:SOU
Sound Energy — Investor Presentation (July 2023)
16 slides from Sound Energy's investor presentation, Jul 5, 2023
Slide 1: Fuelling the Energy Transition: Investor Meet Q&A
FUELLING THE ENERGY TRANSITION Investor Meet Q&A Title 5 July 2023
Slide 2: Disclaimer
Disclaimer: This presentation and any additional documents handed out at any meeting (together the “Presentation Materials”) have not been approved by (i) the London Stock Exchange plc or by any authority which could be a competent authority for the purposes of the Prospectus Directive (Directive 20
Slide 3: Disclaimer continued
Disclaimer continued: Any recipient of these Presentation Materials who is in any doubt about the investment to which this presentation relates should consult an authorized person specializing in advising on investments of this kind. These Presentation Materials do not constitute a recommendation re
Slide 4: Fuelling the Energy Transition Overview
FUELLING THE ENERGY TRANSITION OVERVIEW FINANCE Strategy Phase 1 Projects Phase 2 Partnerships ESG CORE OF BUSINESS SUMMARY STAKEHOLDER ENGAGEMENT Q&A
Slide 5: Exploration to Production: Our Morocco Asset Portfolio
EXPLORATION TO PRODUCTION Tahaddart N EA Our Morocco Asset Portfolio Tangier 400 MW ME D I TERR AN Nador Oujda Ain Beni Mathar Kenitra 400 MW • Phase 1 C N TI Rabat T LA • Industrial customers supplied with LNG A Casablanca Berrechid Jorf Lasfar • Phase 2 Tendrara • Gas to Power (State power generat
Slide 6: Projects: Progressing to revenue generation
PROJECTS Progressing to revenue generation • Phase 1 - mLNG • Three major segments • Phase 1 site work to recommence now • Roads • Infrastructure • LNG tank erection • GSA - 100 million M3/yr, equivalent as LNG • Phase 2 Slide • Pre-FID stage 6 • Engineering • Approvals • Financing • GSA - 300 milli
Slide 7: Route to Phase 2: Financing is the key
ROUTE TO PHASE 2 Financing is the key Key elements • Debt – Attijariwafa Bank, lead arranger • CPs: • Regulatory approvals, • Gas sales agreement, • Engineering contract • Equity • Funding Partner at asset level, Slide Calvalley 7 • Other funding sources such as mezzanine debt or other subordinated
Slide 8: Exploration: Opening future potential
EXPLORATION Opening future potential 50 KM • Proven gas reservoir, TAGI Planned Tendrara Gas Export Pipeline Gas Discovery ANOUAL • Largest permit holder, onshore TAG I Feature Palaeozoic Feature Gas Pipeline Route Morocco Licenced Areas M5 • High exploration potential, 27.93 Tcf1 TE-5 Horst TE-4 Ho
Slide 9: Partnerships: Creating mutual value
PARTNERSHIPS Creating mutual value • Partnerships: • Technical • Financial • Governmental Slide 9
Slide 10: ESG: Our Sustainability Journey
ESG Our Sustainability Journey • We made significant progress Applicable Sustainable Development Goals on our sustainability journey From our materiality assessment, we are working towards the following United Nations Sustainable in 2022 Development Goals. • Board completed a materiality assessment
Slide 11: Financial Principles and Priorities
FINANCIAL PRINCIPLES AND PRIORITIES “Concrete steps taken to build the future growth platform” CAPITAL DISCIPLINE VALUE STRATEGY ACCESS Instil cost discipline - Value generated & Strategic reset in Shaping our debt embedded in our returned to shareholders 2020 – business obligations within our corpo
Slide 12: Tendrara Concession & Grand Tendrara Proposed Divestment
Tendrara Concession & Grand Tendrara Proposed Divestment “Partnering with a well funded upstream player to secure equity funding” PROPOSED RATIONALE TERMS THE PARTNER PROCESS • Divestment of a 40% WI • 75% position across two licences – leaves • Calvalley is a well funded • Exclusivity period during
Slide 13: Greater Tendrara Permit: Drilling up structure to TE-4
GREATER TENDRARA PERMIT Drilling up structure to TE-4 3D image of the TAGI reservoir TE-7 TE-6 M5 TE-5 TE-5 Horst TE-4 Horst TE-4 SBK-1 • Simple structure, fault block partially investigated by the TE-4 well drilled in 2016. • New seismic imaging demonstrates the TE-4 well Slide location was subopti
Slide 14: Tendrara Concession Phase 2 Senior Debt
Tendrara Concession Phase 2 Senior Debt “Senior debt component of Phase 2 CAPEX” Conditioned Term sheet issued by Attijariwafa Bank (Morocco’s Conditions Precedent to the Conditional Offer: largest bank) to provide the Phase 2 senior debt facility on the following terms: • Governmental and Ministeri
Slide 15: Summary and Future Focus
SUMMARY AND FUTURE FOCUS • A busy year for the team so far with many milestones achieved, Slide much to do to close out financing to reach FID for phase 2. 15 • Phase 1 ongoing and phase 2 financing lined up • Reactivate exploration • Portfolio development
Slide 16: Questions
QUESTIONS Questions