Newmed Energy Limited Partnership · TASE:NWMD
Newmed Energy Limited Partnership — FY2023 Earnings Presentation
16 slides from Newmed Energy Limited Partnership's earnings presentation, Mar 19, 2024
Slide 1: 4Q & FY 2023 Financial Results Presentation
Slide 2: Disclaimer
NA 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 pres
Slide 3: 4th quarter and FY 2023 highlights
Q 4th quarter average production - c. 1,.069MMcf/d (188 Mboe/d) Q FY 2023 average production - c. 1,073 MMcf/d (189 Mboe/d) Q 2024 Sales guidance — 11.2 BCM (2P+2c) Q Leviathan Expansion — FID for third subsea gathering line Q Condensate Sales — Commencement of Piping of Condensate from the Leviatha
Slide 4: Production Summary
Production Summary Average Price ($/mmbtu) 62 Average Price ($/mmbtu) 62 Average Price ($/mmbtu) 62 Average Price ($/mmbtu) 64 * Production Summary for Leviathan 100%
Slide 5: Monthly production and price chart
20. 40. 60. 80. 100. 120. 140. 0. 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 May-21 Jun-21 Jul-21 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-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23
Slide 6: Key 4th Quarter Financial Metrics
Key 4'" Quarter Financial Metrics ismm Sales Ebitda Net Profit 288 4021 4022 40.23 4Q 21 4Q 22 4Q 23 4Q 21 4Q 22 4Q 23 EBITDA calculated as Operating profit + Deprecation and Amortization
Slide 7: Sales, EBITDA, Net Profit (annual)
Sales EBITDA Net Profit 1144 470 4 813. 159 883 614 | 2021 2022 2023 2021 2022 2023 2021 2022 2023 Net Profit before income tax EBITDA calculated as Operating profit + Deprecation and Amortization
Slide 8: 4Q Change in Net Profit
7 || De -30 5 — | ; price per mmbtu Net Financeial expense Tax expense Net profit 4Q 2023, Net profit 4Q 2022 change in quantities operating expense Discontinued operation...
Slide 9: FY Change in Net Profit
FY Change in Net Profit (smm__ 483 — 12 Le! 38 — 1" 434 26 Ee — -37 -23 price per mmbtu Net Financeial Expense Tax Expenses Net FY 2023 Net FY 2022 change in quantities operating expense Discontinued operations
Slide 10: Balance Sheet
Balance Sheet Summary (mm Assets: Current assets: Cash and cash equivalents Short-term investments and deposits Trade receivables Trade and other receivables Current taxes receivable Non-current assets: Investments in oil and gas assets Investments in a company accounted for at equity Long-term depo
Slide 11: Financial Debt
2,400,000 2,200,000 2,000,000 1,800,000 1,600,000 1,400,000 41,200,000 1,000,000 31/12/2021 Financial Debt (soo 31/12/2022 m Leviathan Bond 31/12/2023 n
Slide 12: Income statement
Revenues From natural gas and condensate sales Net of royalties Revenues, net Expenses and costs: Cost of production of natural gas and condensate Depreciation, depletion and amortization expenses Other direct expenses GaA Total expenses and costs The Partnership's share in the losses of a company a
Slide 13: Dividend
Dividend Q_ The partnership has declared a $60mm profit distribution to unitholders Dividend Distributions + (mm) 2021 2022 2023 * Including latest declared Dividend 13
Slide 14: NewMed Energy IR
s Med Energy- IR aa Tel. +97299712421 —— = < IR@newmedenergy.com
Slide 15: Appendix
Slide 16: Leviathan Bond Sponsor Financial Data Report
Leviathan Bond Sponsor FinancialDataReport Gas sales for 100% of the Leviathan partners on an accrual basis. * Including buyback of bonds by the sponsor of approximately 75 million dollars. PERIOD ENDED 31.12.2022 ITEM AMOUNT (IN USD$ ,000) Total Offtake (BC) 110 Leviathan Revenues (100%) 2,414,063
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