Rex International Holding Ltd. · SGX:5WH
Rex International — Investor Presentation (May 2023)
15 slides from Rex International's investor presentation, May 15, 2023
Slide 1: Corporate Presentation – Rex International Holding
CORPORATE PRESENTATION REX INTERNATIONAL HOLDING
Slide 2: Disclaimer
DISCLAIMER The information contained in this presentation has not been independently verified. Rex International Holding Limited (the “Company”) and its representatives assume no responsibility or liability whatsoever (in negligence or otherwise) for, the accuracy or completeness of, or any errors o
Slide 3: Company Highlights: Room for Value Upside
COMPANY HIGHLIGHTS ROOM FOR VALUE UPSIDE Value Opportunity Opportunities and Optionality Track Record Short-term Upside and Catalysts p.3 Production in Oman and Norway; development of discovery assets in Norway and Malaysia S$ 4 \ Market value disconnected from inherent value — ( >) = Oman & Norway:
Slide 4: Oman: Masirah Oil Ltd, Block 50 Oman
OMAN MASIRAH OIL LTD: BLOCK 50 OMAN | OWNERSHIP | YUMNA FIELD PRODUCTION Rex Oman: 91.81% interest in Masirah Production: up to 7.1 MMstb CEE Oil Ltd 31 Dec 2022 Masirah Oil's LOCATION Working Interest 100% Gulf of Masirah, east of Oman 8.7 MMstb! + 7.1 MMstb area att ee as at 31 Dec 2P Reserves . .
Slide 5: Oman: Reserves and Prospective Resources
OMAN RESERVES AND PROSPECTIVE RESOURCES Naa Potential Reserves Attributable to Licence Inveetnated Resources to be Rex 9 further explored (2P) (91.81%) 8.7 MMstb! 7.99 MMstb left to be . . produced Hine) Garem Yuna Field +7. MMstb + 6.52 MMstb produced as at produced as at 31 Dec 2022 31 Dec 2022 En
Slide 6: Norway: Lime Petroleum AS
NORWAY LIME PETROLEUM AS | OWNERSHIP | BRAGE FIELD (33.8434%) / YME FIELD (10%) Rex International Investments: 91.65% = BRAGE:A field in the northern part of the North Sea, interest in Lime 10km east of the Oseberg field. The water depth is Petroleum AS 140m. Brage was discovered in 1980 and product
Slide 7: Norway: Reserves and Contingent Resources
NORWAY RESERVES AND CONTINGENT RESOURCES Attributable Area Investigated Expected Percentage Attributable to Rex Field /Licence | (piock/piscovery) | Recoverable | held by Lime to Lime (91.65% in Lime) 31/4-3 10.81 MMboe’ 33.8434 3.66 MMboe 3.35MMboe 9/2-1 54.67 MMboe? 10.00 5.47 MMboe 5.01 MMboe 31/
Slide 8: Company Highlights: Financials
COMPANY HIGHLIGHTS FINANCIALS 170.3 158.4 +75 0.4 78.9 (995) 61.7 111.2 (445) (0.08)/(0.11) 5.16/6.93 (101.6) 138.8 86.9 +597 *Adjusted EBITDA = Earnings - depletion of 0&G properties - depreciation - amortisation of intangibles - taxes - interest expense and income - impairment losses on Exploratio
Slide 9: Transferred listing from Catalist to Mainboard of SGX-ST
Transferred listing from Catalist to Mainboard of SGX-ST ® Maiden dividend paid out ™® Oman:Changed out production equipment and —— completed drilling campaign ~ =e ® Norway: Acquired 10 per cent interest in producing Yme Field and successfully issued a bond = ~ ®_ Norway: Full-year consolidation of
Slide 10: Oil Demand Outlook
OIL DEMAND OUTLOOK OUTLOOK FOR OIL PRICE MOVEMENT Brent crude oil spot price and global inventory changes dollars per barrel (million barrels per day) | forecast | Brent spot price April STEO 1 4 $50 | Brent spot price March STEO l 1 i 0 at | a2 | as | a4 2024 at | a2 | 03 | a4 2023 at | a2 | a3 | a
Slide 11: Strong Potential to Add Value to Existing Assets
STRONG POTENTIAL TO ADD VALUE TO EXISTING ASSETS Project Maturity PRODUCTION Sub.classes TARGET MISSION STATEMENT 7 On Production PRODUCTION z ~ e Approved for ; ; ; z la 2 Development = To achieve mid- to long-term production of 20,000 ela] s Justified for barrels of oil/oil equivalent per day siz
Slide 12: Diversification: New Businesses
DIVERSIFICATION NEW BUSINESSES XER TECHNOLOGIES = Entered into a conditional subscription agreement to increase stake in Xer Technologies Pte Ltd From 40% to approximately 53%. = The consideration of USS4 million under the subscription agreement is subject to completion and achievement of certain te
Slide 13: Sustainability
SUSTAINABILITY SUSTAINABILITY & CORPORATE TRANSPARENCY 7 es Singapore Corporate Awards 2022 1 Straits Times, S 202 re 3,17 January 2025 x 2022: General Cat 31 August 2022 at the 17th Singapore Corporate Awards, 31 August 2022 y, 4 August 2022 3 Business Times, C 3Business Times, Ihir 6 individue 4SI
Slide 14: Rex International Holding: Share Facts
REX INTERNATIONAL HOLDING Listing on Mainboard 8 March 2022 Listing on Catalist 31 July 2013 SGX / Bloomberg Stock code 5WH / REX:SP SHARE FACTS PUBLIC FLOAT = Share price @ 12 May 2023 SGD 0.175 asat 13 Mar 2023 55.87% Number of shares 1,302,320,991 Market capitalisation SGD 227.91m MAJOR SHAREHOLD
Slide 15: Contact
CONTACT INVESTORS AND MEDIA Ms. Mok Lai Siong Email: ir@rexih.com COMPANY ADDRESS Rex International Holding Ltd 1 George Street #14-01 Singapore 049145
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