Newmed Energy Limited Partnership · TASE:NWMD
Newmed Energy Limited Partnership — FY2024 Earnings Presentation
20 slides from Newmed Energy Limited Partnership's earnings presentation, March 2025
Slide 1: 4Q & FY 2024 Financial Results Presentation
Slide 2: Disclaimer
NA Disclaimer This presentation was prepared by NewMed Energy Limited Partnership (the "Partnership") based on information included in the immediate and periodic reports filed by the Partnership with the Israel Securities Authority and the Tel Aviv Stock Exchange Ltd. under the Securities Law, 5728-
Slide 3: Updated Discounted Cash Flow Figures
❑ ❑ ❑ ❑ ▪ ▪ ❑ ▪ ▪ ❑ Updated Discounted Cash Flow Figures
Slide 4: Production Summary
Production Summary Average Price ($/mmbtu) 5.82 Average Price ($/mmbtu) 617 Average Price ($/mmbtu) 612 Average Price ($/mmbtu) 6.41 * Production Summary for Leviathan 100%
Slide 5: Monthly gas production and price trends
8.00 6.00 4.00 2.00 0.00 Dec-24 Nov-24 Oct-24 Sep-24 Aug-24 Jul-24 Jun-24 May-24 Apr-24 Mar-24 Feb-24 Jan-24 Dec-23 Nov-23 Oct-23 Sep-23 Aug-23 Jul-23 Jun-23 May-23 Apr-23 Mar-23 Feb-23 Jan-23 Dec-22 Nov-22 Oct-22 Sep-22 Aug-22 Jul-22 Jun-22 May-22 Apr-22 Mar-22 Feb-22 Jan-22 Dec-21 Nov-21 Oct-21 Se
Slide 6: Key 4th Quarter Financial Metrics
Key 4'" Quarter Financial Metrics ismm _ sales EBITDA Net Profit 288 203, 191 40.22 40.23 40.26 4Q 22 4Q 23 4Q 24 4Q 22 4Q 23 4Q 24 EBITDA calculated as Operating profit + Deprecation and Amortization
Slide 7: Key FY 2024 Financial Metrics
Key FY 2024 Financial Metrics (sm Sales EBITDA Net Profit Ad 1 1, 810 pi pe | | 2022 2023 2024 2022 2023 2024 2022 2023 2024 EBITDA calculated as Operating profit + Deprecation and Amortization
Slide 8: Leviathan Expansion Kicked off
NAA, Leviathan Expansion Kicked off The Ministry of Energy has given a preliminary green light to expand the export of natural gas, while also increasing the supply to the domestic market. The export volume may be increased by an additional 118 BCM, which may increase to up to 145 BCM Q Leviathan Pa
Slide 9: Regional Connectivity
Regional Connectivity @ INGL Ashdod-Ashkelon, EMG pipeline Debottleneck using Full capacity of EMG — 850mmcf/d — 10 2026 + Leviathan capacity : 650mmef/d Leviathan Connecti pipeline to Jordan transmission system @ FAIR + compression — Additional 400 mmet/d — 2H 2026 + Leviathan capacity: 700mmef/d M
Slide 10: Cyprus - Aphrodite Project
NAA Cyprus - Aphrodite Project Ownership NewMed Energy 30%, Shell 35%, Chevron Corp. (operator) 35% 2C Resources 3.53 tcf (100 bem), 7.9 mmbbl condensate Location 168 km south of Limassol, 1,700m water depth Expected Production Capacity 800 mmcf/d Target Markets Egypt Domestic + Export facilities St
Slide 11: Additional Upstream Exploration Activities
NAA. Additional Upstream Exploration Activities Exploration inistaelZonel M BouidourLi Bulgatian Farman. Q 6 Exploration blocks awarded in Q Processing and analyzing the Q Significant exploration potential Israel. available data Q Main prize is the Vinekh prospect, Q Partners consortium : BP, SOCAR
Slide 12: 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 GEA Total expenses and costs The Partnership's share in the profit (loss) of enti
Slide 13: Net profit 4Q 2023 to 4Q 2024 bridge
09 03 28.2 a a — 1195 24 102.1 || 3 [| 124 price per mmbtu Condensate sale operating expense Discontinued operation Net profit 4Q 2023 change in quantities Net Financeial Expense Tax expenses Net profit 4Q 2024 13
Slide 14: Net profit 2023 to 2024 bridge
433.6 Net profit 2023 11 price per mmbtu 20.6 change in quantities Condensate sale 82.2 Net Financeial Expense 13.8 operating expense 13.8 ‘Tax expenses Discontinued operation 524.6 Net profit 2024 14
Slide 15: Balance Sheet Summary
NN Assets: Current assets: Cash and cash equivalents. S12 291 Short-term deposits 333.3 157.6 Trade receivables 209.6 1945 Trade and other receivables 140.0 1871 7364 5683 Nor-current assets: Balance S heet Investments in oil and gas assets 2,682.3 2,641.3 Investments in a company accounted for at e
Slide 16: Financial Debt
NA Financial Debt ss) NewMed’'s Leviathan Bond buy back amounts to $135mm. Agreements for the provision of credit facilities totaling $400mm $384.5mm cash and deposits as of December 31 2024 Deleveraging ahead of a new investment cycle oooo 3.5 3.0 25 . i i . a a 10 Dec - 2020 Dec - 2021 Dec - 2022
Slide 17: Dividend
Dividend Q_ The partnership has declared a $60mm profit distribution to unitholders Dividend Distributions + (mm) 250 2021 2022 2023 2024 * Including latest declared Dividend 7
Slide 18: Contact details
= Tel. +97299712421 —— = < IR@newmedenergy.com
Slide 19: Appendix
Slide 20: 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 53 Million dollars. PERIOD ENDED ITEM Total Offtake (BC) 11.2 Leviathan Revenues (100%) 2,506,067 Loss Proceeds, if any, paid to R
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