Newmed Energy Limited Partnership · TASE:NWMD
Newmed Energy Limited Partnership — Q1 2024 Earnings Presentation
18 slides from Newmed Energy Limited Partnership's earnings presentation, May 27, 2024
Slide 1: 1Q 2024 Financial Results
inanc 1Q 2024F
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: 1st quarter production and highlights
Q 4st quarter production - c. 1019 MMcf/d (179 Mboe/d), 2.63 BCM Q 18 quarter earnings - $179mm EBITDA / $12imm net profit Q Leviathan Operational Update : = Condensate Sales = Third Gathering Line = New Local Market GSPA — Eshkol Energies Q Leviathan Expansion and Aphrodite Project Update Q_ Divide
Slide 4: Production Summary
Production Summary. Average Price ($/mmbtu) 616 Average Price ($/mmbtu) 6.09 * Production Summary for Leviathan 100%
Slide 5: Gas prices and monthly production
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 6: Israel Domestic Market Demand
| a Israel Domestic Market Demand QQ Agreement with Eshkol Power Energies, to supply the Buyer, on a firm basis, with daily gas quantities in an aggregate annual volume of approx. 0.5 BOM, in addition to additional quantities on an interruptible basis. Total estimated of Approx. $650mm. Q Additional
Slide 7: Leviathan Operations
NN Leviathan Operations Q_ Starting March 2024, Condensate is flowing south From Leviathan to Ashdod Refinery. = First $ sales in the first quarter. Q 3rd Gathering pipeline from the Leviathan field to LPP, continues as planned on time on budget. = Increase nameplate capacity to ~ 1,400 MMscfd from
Slide 8: Leviathan Expansion & Aphrodite Development
NN Leviathan Expansion & Aphrodite Development a a Leviathan Phase 1B Upstream development planning is progressing- The pre-FEED phase has been completed, including the design of underwater infrastructures and required facilities on the production rig Phase 1B FEED — Approved budget of $32.2mm (100%
Slide 9: Mediterranean Sea regional pipelines
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 10: Sales, EBITDA, Net Profit
st . . . Sales EBITDA Net Profit 281 84 | ] | 10 22 10 23 10 24 1Q 22 10 23 10 24 1Q 22 10 23 10 24 EBITDA calculated as Operating profit + Deprecation and Amortization 10
Slide 11: 1st Quarter Change in Net Profit
NA 14st Quarter Change in Net Profit (gmm) 2.3 120.7 P| 18 as 18.0 Price per mmbtu Condensate Sale Net profit 19 2023 Change in Quantities 15.1 Operating Expense Net Financeial Expense Tax Expense 121.1 Net profit 19 2024 n
Slide 12: Income statement summary
12 Revenues From natural gas and condensate sales 2632 281.1 1,094.4 Net of royalties 371 ad 159.8 Revenues, net 226.1 240.0 934.6 Expenses and costs: Cost of production of natural gas and condensate hhh 38.2 148.6 Depreciation, depletion and amortization expenses 190 199 79.2 Other direct expenses
Slide 13: Financial Debt
inancial Debt iss) _ 3.0 25 : . / / ; 1 oO: 0.0 Dec - 2020 Dec - 2021 Dec - 2022 Dec - 2023 Mar - 2024 a ° a * Bond Debt
Slide 14: 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 15: Dividends
Dividends $60mm distribution for the quarter $845mm returned to unitholders in Dividend from Leviathan start up Dividend Distributions ($mm) 60. 60. 60. 50 50 50 50 50 50 10.2022 202022 392022 402022 102023 202023 302023 402023 10 2024 * Including latest declared Dividend 15
Slide 16: NewMed Energy - IR
s Med Energy- IR aa Tel. +97299712421 —— = < IR@newmedenergy.com
Slide 17: Appendix
Slide 18: Leviathan Bond Financial Data Report, Quarter Ended 31.03.2024
RTER ENDED 31.03.2024 ITEM QUANTITY/ACTUAL Leviathan Bond Sponsor AMOUNT (NV USDS 060 Total Offtake (8CM) 26 FinancialDataReport = Levaton ees 0009 S80501 Loss Proceeds, if any, paid to Revenue Account - Sponsor Deposits, if any, into Revenue Account - Gross Revenues (before Royalties) 234,382 Overr
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