Genel Energy Plc · LSE:GENL
Genel Energy — Corporate Update (March 2025)
9 slides from Genel Energy's corporate update, Mar 19, 2025
Slide 1: 2025 March Business Update
2025 March Business Update 19 March 2025 A socially responsible contributor to the global energy mix
Slide 2: Building from a resilient base in 2025
Building from a resilient base in 2025 STRONG & RESILIENT PLATFORM IN PLACE MAINTAIN STRONG BALANCE SHEET MAXIMISE RESILIENT CASH GENERATION ADD NEW PRODUCTION STRONG BALANCE SHEET Net cash $131 million Disciplined capital allocation KRI exports doubles entitlement cash generation Add new production
Slide 3: Strong balance sheet
Strong balance sheet Significant cash and net cash position maintains resilience and funding for investment 31 DECEMBER 2024 Cash: $196 million § million) ~57 KRG net receivables, Bond debt: $66 million, matures October 2025 Process launched to increase debt and extend maturity 66 Total debt $107 mi
Slide 4: Robust production maintained despite no drilling
Robust production maintained despite no drilling World class asset, with many years of production to come GROSS TAWKE PRODUCTION ~300mmbbls gross reserves r (bond) with upside potenti 80000 000 ~80,000 71,000 ree 14,000 Predictable and consisie : reservoir perform 37 Operating costs 36 < $4/bbI a 33
Slide 5: Exports can transform the cash generation of Tawke
Exports can transform the cash generation of Tawke International market prices double realised price per barrel doubles profit oil / entitleme s should accelerate recovery receivables and support resumption of drilling Mature Tawke PSC means 80% of capex funded Iraqi courts have confirmed KRI PSCs a
Slide 6: Strategic objective to geographically diversify production
Strategic objective to geographically diversify production Build business with resilient and diversified cash generation Oman is first step to diversify income streams in proven basins with partners of choice Multiple assets Multiple jurisdictions Cash generative, resilient production or close to pr
Slide 7: Organic Growth Potential
Organic Growth Potential Opportunities for material resource addition from the portfolio Oman - Block 54 Somaliland - SL10B/13 A preferred country for strategic diversification, first step into a sought after business environment Preparatory civil engineering work undertaken successfully in 2023 Sig
Slide 8: Forward focus
Forward focus i BUILD A BUSINESS WITH RESILIENT, DIVERSIFIED CASH FLOWS THAT | | DELIVERS CONSISTENT VALUE TO SHAREHOLDERS Net cash $131m Optimisation of Resumption of Acquisition of new cash generation exports can more assets for value than double accretive entitlement FCF diversification Recovery
Slide 9: 2025 March Business Update
2025 March Business Update THANK YOU A socially responsible contributor to the global energy mix