Newmed Energy Limited Partnership · TASE:NWMD
Newmed Energy Limited Partnership — Q1 2023 Earnings Presentation
17 slides from Newmed Energy Limited Partnership's earnings presentation, May 11, 2023
Slide 1: 1Q 2023 Financial Results
1Q_ 2023 Financial
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: Key Highlights
Key Highlight Q Non-Biding Acquisition Offer for 12.05 NIS per Unit - Deal update Q 1% quarter average production - c. 1,121 MMcf/d (207.5 Mboe/d), 2.86 BCM Q Record 1% quarter earnings - $194mm EBITDA / $121mm net profit Q Leviathan Expansion & Aphrodite A-3 appraisal well drilling Q Leviathan Bond
Slide 4: BP-ADNOC Non-binding offer
BP —-ADNOC Non-biding offer T tion Updat a Due Diligence process well under way and progressing Q Independent Committee work ongoing including selection of legal, economic and financial advisers a Preliminary discussions with relevant regulators
Slide 5: Production Summary
Production Summary. Average Price ($/mmbtu) 61 Average Price ($/mmbtu) 5.8 * Production Summary for Leviathan 100%
Slide 6: Mar-23 Feb-23 Dec-22
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 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 7: Mediterranean Sea
Mediterranean Sea a Connecting pipelifle to Jordan. ad Leviathan transmission syétem INGL Ashdod-Ashkelon pipeline EMG pipeline Platform Arab gas pipeline, connecting Egypt & Jordan Jordan LING site Existing pipeline Under construction and planned pipeline
Slide 8: Leviathan Expansion & Aphrodite Development
Leviathan Expansion & Aphrodite Development Q_ The Third gathering line investments estimated at approx. $562 million (100% Leviathan), subject to FID expected in the second quarter of 2023. The new gathering line will enable an increase in production capacity from 1.2 BCF/d to 1.4 BCF/d (14 BCM/y)
Slide 9: Key Quarter Financial Metrics
Key 1 Quarter Financial Metrics (mm Sales EBITDA Net Profit 279 281 tet 194 72 121 247 159 115 225 10 20 1021 10 22 10 23 10 20 10 21 10 22 10 23 10 20 10 21 10 22 10 23 I Including 22% WI in Tamar | excluding Tamar WI EBITDA calculated as Operating profit + Deprecation and Amortization
Slide 10: Net profit 2022 to Q1 2023 bridge
Net profit 10 2022 price per mmbtu 24 change in quantities Net Financeial Expense operating expense Tax expense 121 Net profit 10 2023 10
Slide 11: 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 dep
Slide 12: Financial Debts
NW ; Financial Debts, 3,500,000 Partial early redemption of Leviathan Bond 2023 3,000,000 Q On May 1, 2023, $280mm pre-payment out of June 30, 2023 Leviathan bond 2,000,000 series of a total volume of $500mm. 1,900,000 1,000,000 500,000 o 30/09/2021 31/12/2021 31/12/2022 31/03/2023 01/05/2023 2,500,
Slide 13: Revenues from natural gas and condensate sales
Revenues From natural gas and condensate sales Net of royalties Revenues, net Expenses and costs: Cost of production of natural gas and condensate Depreciation, depletion and amortization expenses Other direct expenses G&A Total expenses and costs The Partnership's share in the losses of a company a
Slide 14: Dividends
Dividends 2019 * Including latest declared Dividend 2020 Dividend 2021 2022 Tax balancing payment YTD 14
Slide 15: NewMed Energy IR
s Med Energy- IR aa Tel. +97299712421 —— = < IR@newmedenergy.com
Slide 16: Appendix
Slide 17: Leviathan Bond Sponsor Financial Data Report
Leviathan Bond Sponsor FinancialDataReport Gas sales for 100% of the Leviathan partners on an accrual basis. * Including buyback of bands by the sponsor of approximately 34 Million dollars. PERIOD ENDED TEM AMOUNT (IN USD$ ,000) Total Offtake (BC) 28 Leviathan Revenues (100%) 619,966 Loss Proceeds,
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