Newmed Energy Limited Partnership · TASE:NWMD
Newmed Energy Limited Partnership — Q2 2022 Earnings Presentation
16 slides from Newmed Energy Limited Partnership's earnings presentation, Aug 18, 2022
Slide 1: 2Q 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: Second quarter highlights
eS) (OTe Record sales for 2"¢ quarter — average production of c. 1,116,900 MMbtu/d Record export from Leviathan — 1.95 BCM (c. 70,235,000 MMbtu) Robust price environment — Blended price of $6.38 MMbtu Daily export via FAJR to Egyptian market — Meanwhile Ongoing work at INGL for the increased capacit
Slide 4: Key Second Quarter Financial Metrics ($mm)
Key Second Quarter Financial Metrics (smm) Sales EBITDA Net Profit 2821 2908 1222 1214 195.95 2068 1617 1124 102.36 te 6257 ‘| 353 2019 29 20 29 21 20 22 2019 29 20 2021 20 22 2019 20 20 20 21 20.22 Jrctuding 22% WI in Tamar | 1.22 excluding Tamar WI Net Profit before income tax EBITDA calculated as
Slide 5: Net profit bridge Q2 2021 to Q2 2022
122 16 i 121 e>&— Es 5 | | ° 56 — : | i -35 Tamar price per mmbtu Net Financeial Expense Ofek write off Net Profit 20. 2021 Income Tax change in quantities operating expence Net Profit 20. 2022
Slide 6: Production Summary
Production Summary. Average Price ($/mmbtu) 6.38 Average Price ($/mmbtu) 494
Slide 7: Robust Price Environment
| a Robust Price Environment 150. 100. 50. S OP O PO OH & O & O O 9 DO HHH HP HH PH PP HP PH PH MH PS FFF KMPH PK VP KF FVM KM KF LK ¥ — rent end of month ($/bbl) —NewMed Realized Blended price ($/mmbtu) 80 60 40 20
Slide 8: Export routes and pipelines in the Mediterranean
Mediterranean Sea oc Se connecting pipelifle to Jordan transmission system Leviathan INGL Ashdod-Ashketon pipeline EMG pipeline Nitzana Export Rout Egypt Platform Pan-Arab gas pipeline, LNG site connecting Egypt & Jordan Existing pipeline Under construction and planned pipeline
Slide 9: Leviathan Expansion & Aphrodite Development
Leviathan Expansion & Aphrodite Development Leviathan Expansion Q_ Multiple workstreams progressing for concept select in 2023 Aphrodite Development Q_ The partners in the Aphrodite reservoir intend to bring to the Cypriot government's approval by the end of the year an update to the development and
Slide 10: Balance Sheet
Balance Sheet Summary (mm Assets: Current assets: Cash and cash equivalents Short-term investments ‘Trade receivables ‘Trade and other receivables Assets held for sale Non-current assets: Investments in oil and gas assets Investment in a company accounted for at equity Long-term deposits Other long-
Slide 11: Cash and debt balances by bond series
3,500,000 3,000,000 2,500,000 2,000,000 1,500,000 1,000,000 500,000 0 30/06/2021 31/12/2021 30/06/2022 mSeries A mTamar Bond mLeviathan Bond Cash, Cash equivalent and short-term investment as of 30/06/2022 - $272 mm
Slide 12: Revenues and income statement
NA 22 021 Revenues From natural gas and condensate sales 290,818 221,578 882,537 Net of royalties 41,624 32,902 128,758 Revenues, net 249,194 188,676 753,779 Expenses and costs: Cost of natural gas and condensate production 36,906 28,438 118,382 Depreciation, depletion and amortization expenses 21,9
Slide 13: Dividend and Buy Back
Dividend and Buy Bact Q_ According to the published Buy Back plan, the partnership has purchased Levithan Bond notes in an amount of c. $33mm to date Q_ The partnership has declared a $50mm profit distribution to unitholders Dividend Distributions (mm) abs 2019 2020 2021 2022YTD 1 Dividend Distribut
Slide 14: NewMed Energy IR
Med Energy- IR = Tel. 497299712421 —— = < IR@newmedenergy.com
Slide 15: Appendix
Slide 16: Leviathan Bond Sponsor Financial Data Report
30.06.21 Leviathan Bond Sponsor WANIITVACTUA. AMOUNT (IN USD$ 00) FinancialDataReport = Talat Bow: BB Leviathan Revenues (100%) 641,879 Loss Proceeds, if any, paid to Revenue Account = Sponsor Deposits, if any, into Revenue Account = Gross Revenues (before Royalties) 237,453 Overriding Royalties {a)
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