Hibiscus Petroleum Bhd. · MYX:HIBISCS
Hibiscus Petroleum Bhd — Shareholder Meeting (December 2025)
27 slides from Hibiscus Petroleum Bhd's shareholder meeting presentation, Dec 3, 2025
Slide 1: 15th Annual General Meeting: Pursuing Growth and Sustainable Horizons
15TH ANNUAL GENERAL MEETING PURSUING GROWTH AND SUSTAINABLE HORIZONS 3 December 2025
Slide 2: Disclaimer
DISCLAIMER The purpose of this presentation is to provide general information about Hibiscus Petroleum Berhad (the “Company”) to assist potential investors in making their own evaluation of the Company and does not purport to be all-inclusive or to contain all of the information that a prospective i
Slide 3: Agenda
AGENDA PURSUING GROWTH AND SUSTAINABLE HORIZONS 01 04 MACRO O&G SHAREHOLDER OUTLOOK RETURNS 02 05 GROUP LOOKING PERFORMANCE AHEAD 03 06 YEAR OF CLOSING BREAKTHROUGHS
Slide 4: Macro O&G Outlook
MACRO O0&G OUTLOOK ef Hipiscus ee Petroleum
Slide 5: Oil Price Drivers
OIL PRICE DRIVERS USA • “Make America Great Again”, inflation, tariffs and gasoline prices • US shale producers need a base price and LNG markets China • Global growth in electric vehicle utilisation and renewable energy deployment Oil Price Drivers Russia • Conclusion of war with Ukraine may / may
Slide 6: A 'V-Turn' on 2050 Demand Forecasts by the IEA
A ‘V-TURN’ ON 2050 DEMAND FORECASTS BY THE IEA 2021 vs 2025 : Oil, gas and coal 2050 demand forecasts comparison (MMboe/d) Oil & Gas 212 Where We Are Today MMboe/d Total Energy Supply (EJ) Growth Rate 2023 2024 2023-2024 Total Energy Supply 634 648 2.2% Renewables 92 97 5.8% + 4x Nuclear 30 31 3.7%
Slide 7: Without New Investments, Significant Energy Shortfalls
WITHOUT NEW INVESTMENTS, SIGNIFICANT ENERGY SHORTFALLS Global Liquids Supply and Demand up to 2050 Global Gas Supply and Demand up to 72050 • The world faces an oil supply deficit of more than 130 billion barrels to • Even including under development projects and discoveries, meet demand until 2050
Slide 8: Group Performance
GROUP PERFORMANCE ef Hipiscus ce Petroleum
Slide 9: Rising Production & Sales
RISING PRODUCTION & SALES Net Oil & Gas Sales (MMboe) Steady growth in net oil and condensate sales driven +134% by strategic acquisitions and Boosted by Block B MLJ acquisition production enhancing projects FY2025: From 2Q Boosted by Peninsula Strong uptick in gas sales post acquisition of Hibiscus
Slide 10: Achieving Record 2P Reserves
ACHIEVING RECORD 2P RESERVES Reserves Replacement Reserves Replacement Ratio 2017-2024: 201% Ratio 2024 - 2025: 436% 88 MMboe Net 2P Reserves 9.0 Total Net 39.2 31.3 Production 110 63.0 MMboe Total Net Net Reserves Net 2C Production Added 87.6 Resources (Brunei Acquisition & 57.4 Reserves PM3 Extens
Slide 11: Growth in Revenue and Profitability
GROWTH IN REVENUE AND PROFITABILITY Revenue & Earnings Before Interest, Taxes, Depreciation and Amortisation (RM million) 2,716 2,345 2,333 1,697 1,270 1,321 1,083 1,007 805 381 FY21 FY22 FY23 FY24 FY25 Revenue EBITDA Third consecutive year of revenue Fourth consecutive year of EBITDA Delivered cons
Slide 12: Increasing Total Assets, Backed by Sustainable Retained Earnings
INCREASING TOTAL ASSETS, BACKED BY SUSTAINABLE RETAINED EARNINGS Total Assets and Shareholders’ Funds (RM million) March 2016 : Acquired January 2022 : Acquired operated October 2024 : Acquired operated interest first producing asset in interest in 3 Malaysian PSCs: Kinabalu in Block B Maharajalela
Slide 13: Year of Breakthroughs
YEAR OF BREAKTHROUGHS ef Hipiscus ce Petroleum
Slide 14: Building Growth Momentum
BUILDING GROWTH MOMENTUM July 2024 August 2024 October 2024 April 2025 April 2025 August 2025 PM327 Farm In Brunei PKNB Award Largest Acquisition PM3CAA 20-Year USD100m PVEP Tie-in of Block with 4 exploration Completion Extension up to Islamic financing Block 46/13 PSC discoveries, block offshore Ga
Slide 15: Delivering Complex Projects in Asia and Europe
DELIVERING COMPLEX PROJECTS IN ASIA AND EUROPE SF30 Waterflood Phase 2 Project Rig-To-Reef (Malaysia) • Repurposed old platform Sep 2024 topsides for use as new wellhead platform • First rig-to-reef project of its • Drilled a total of 10 wells kind in Malaysia • Achieved first oil in Oct • Conversio
Slide 16: Industry Recognition
INDUSTRY RECOGNITION Royal Society for the Prevention of MPM’s 2024 Turnaround Campaign PETRONAS Emerald Awards Accidents (ROSPA) ✓ PM3 CAA ✓ Gold Award – Talent Development ✓ Gold Award – for CY2025 health and safety ✓ Sabah Excellence performance of the Anasuria FPSO facility ✓ Silver Award – Expl
Slide 17: Shareholder Returns
SHAREHOLDER RETURNS ef Hipiscus ce Petroleum
Slide 18: "Short" Story Ends; Rebound Chapter Begins
“SHORT” STORY ENDS; REBOUND CHAPTER BEGINS Shares were subject to short selling for most of FY2025 Hibiscus Share Price (LHS) Brent (LHS) Net Short Position (RHS) 200 2.4 Share Price, Brent & KLCI (Indexed to 100 at 1 Jan 2021) 180 2.0 Trump Net Short Position (% of Issued Shares) Liberation Day Tar
Slide 19: ~12% p.a. Shareholder Returns Over the Past Decade
DESPITE SHORT SELLING ISSUES, ACHIEVED ~12% P.A. SHAREHOLDER RETURNS OVER THE PAST DECADE Outperformed EPF’s average dividends of ~6% over the last decade (2015 to 2024) and the KLCI and KL Energy Index, despite past short selling issue 4 KLCI 10-year CAGR: -0.5% p.a. 3.5 3 HPB 10-year CAGR: 2.5 12%
Slide 20: Creating Sustainable Shareholder Returns
CREATING SUSTAINABLE SHAREHOLDER RETURNS Prioritising Returns To Shareholders Increasing Dividend Trend Dividends are declared and paid on a quarterly basis 12 6.0 7.0 Div. Yield 4.3 5.0 Sen per Share Brent Price (%) 10 2.9 10.00 FY2024 (G) 7.5 - 2.2 2.0 3.0 Assuming Brent is at USD65/bbl to USD75/b
Slide 21: Looking Ahead
LOOKING AHEAD VISION To be a Respected. Valuable and Responsible Energy Company OUR AIM Growing a responsible energy company, strengthening our oil and gas core while advancing sustainable energy ventures ASPIRATION Becoming Net Zero by 2050 MISSION —2030— OUR FOCUS Driving shareholder value while c
Slide 22: 2026 and 2030 Missions
PURSUING GROWTH AND SUSTAINABLE HORIZONS 2030 Mission 2026 Mission: On Track Daily production of 70,000 boe/day Daily production of 35,000 boe/day 2P reserves of 150 MMboe 2P reserves of 100 MMboe • SF30 Waterflood Phase 2 (Malaysia) Growth Hubs • Block B MLJ Asset LPC Project (Brunei) Malaysia Brun
Slide 23: Closing
CLOSING ef Hisiscus Ger. troleum
Slide 24: Key Messages
KEY MESSAGES Improving shareholder returns On course to meet 2026 target Pipeline of opportunities to deliver 2030 target 35,000 boe/day & 2P reserves of 100MMboe 70,000 boe/day & 2P reserves of 150Mmboe Growth pillars of Malaysia & Brunei via existing Execution of ongoing projects in Malaysia, PM3
Slide 25: Recent Recognitions
RECENT RECOGNITIONS Forbes Asia Best Under a Billion The Edge Billion Ringgit Club BMCC Business Excellence 2025 Awards 2025 One of only nine Malaysian companies, and 200 overall, recognised in 2025 Fortune Southeast Asia 500 A list showcasing Southeast Asia’s 500 largest companies Highest Return on
Slide 26: Stakeholder Appreciation
STAKEHOLDER APPRECIATION RAPID OIL 26
Slide 27: Thank You
THANK ef Hipiscus ee Petroleum
Hibiscus Petroleum Berhad — Shareholder Meeting (December 2025) on 6ix