Newmed Energy Limited Partnership · TASE:NWMD
Newmed Energy Limited Partnership — Q2 2025 Earnings Presentation
18 slides from Newmed Energy Limited Partnership's earnings presentation, August 2025
Slide 1: Egypt BOE Gas Agreement & 2Q 2025 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: Key Highlight
Key Highlight Q Agreement with Egypt BOE for Additional Quantities of 130 BCM until 2040 = The agreement constitutes the cornerstone for the Leviathan 1B Expansion Plan = Substantial growth in volumes to Egypt, in accordance with the developing infrastructure connectivity Q 24 quarter gas sales - c.
Slide 4: Egypt BOE agreement: additional 130 BCM
Ai generated photo Q Total contract quantity under the Export Agreement shall be increased by a total volume of 130 BCM : First Increment : 20 BCM - the daily gas quantity will increased from 450 MMSCF per day (~4.7 BCM per annum) to 650 MMSCF (-6.7 BCM per annum), from the date on which INGL comple
Slide 5: Leviathan Capacity and Egypt BOE sales
‘== Leviathan Capacity mi Egypt BOE ACQ Egypt BOE past sales 3° Gathering Line Leviathan Phase 1B Leviathan Existing Capacity @ 125M 12.5 x 12.0 12.0 [I 12.0 12.0 15 15 ai so dg 49 3h 65 fe 65 65 p> i a 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 20
Slide 6: Regional Connectivity
NY Regional Connectivity A \ (@) INGL Ashdod-Ashkelon, EMG pipeline Debottleneck using Full capacity-of EMG — 800mmce/d — 1H 2026 (@) FAJR + compression — Additional 400 mmcf/d — 2H 2026 (3) Nitzana pipeline project — 600 mmef/d — 2029 Leviathan INGL Ashdod-Ashkelon pipeline EMG Debottleneck FAIR+ c
Slide 7: Production Summary
Production Summary. Average Price ($/mmbtu) 5.63 Average Price ($/mmbtu) 6.29 * Production Summary for Leviathan 100%
Slide 8: Monthly production
100. 110. 120. 130. 0. 10. 20. 30. 40. 50. 60. 70. 80. 90. 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
Slide 9: Sales, EBITDA, Net Profit
nd - . . Sales EBITDA Net Profit 295 251 : ~ 137 173 192 93 126 5 20-23 20-24 20-25 20-23 20-24 20-25 20-23 20-24 20-25 EBITDA calculated as Operating profit + Deprecation and Amortization
Slide 10: Income statement
* Less than $0.1mm 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 lo
Slide 11: 2nd Quarter Change in Net Profit
2d Quarter Change in Net Profit (gmm 137.0 Net profit 02/2024 -25.9 Change in Price -60.5 12.4 ee -5.2 Condensate sales Operating Expense Change in Quantities Net Financeial Expense 26.3 Tax expence 81.2 Discontiued Operation Net profit 02/2025 n
Slide 12: Net Debt of $1,127mm
1,527 Net Debt of $1,127mm 1,241 Q Leviathan Bond June-25 series of 1,127 $600mm redeemed. Q $389mm cash and equivalents on Balance Q. Prudent financial managementt ahead of a new investment cycle 23-Dec 24-Dec 25-Jun Net Debt calculated as financial liabilities minus financial assets as of 30.06.25
Slide 13: Balance Sheet
NN Assets: Current assets: Cash and cash equivalents 380.7 111.5 512 Short-term deposits 77 190.0 333.3. Trade receivables 146.5 256.1 209.6 Trade and other receivables 103.0 155.3 140.0 637.9 N29 734.1 Balance Sheet Non-current assets: Investments in oil and gas assets 2,737.6 2,640.5 Investments i
Slide 14: Bulgaria - Black Sea Exploration Campaign
14 Bulgaria —-Black Sea Exploration Campaign A rig contract was signed for the drilling of two offshore exploration wells offshore Bulgaria in the Han-Asparuh concession Vinekh-1 expected spud in 4Q-2025 Krum-1 to be drilled immediately after Al 43 1.99 D 32 3.9 A3 28 0.57 C/L 22 19 Bi 24 0.78 C/U 1
Slide 15: $60mm Dividend for the quarter
Q $60mm Dividend for the quarter Q Committed to delivering share-holders returns through dividend distributions. Dividend Distributions 100 6 65 60 60 60 60 60 60 10 20 30 «40 10 20 «630 4Q 10 20 30 «40 10 20 30 «40 10 20 2021 2021 2021 2021 2022 2022 2022 2022 2023 2023 2023 2023 2024 2024 2024 202
Slide 16: IR@newmedenergy.com
—— = = IR@newmedenergy.com
Slide 17: Appendix
Slide 18: Leviathan Bond Sponsor Financial Data Report
Leviathan Bond Sponsor FinancialDataReport Total offtake (CM) and Leviathan Revenue for 100% of the Leviathan partners on an accrual basis. RTER ENDED 30.06.2025 UANTIT AMOUNT (IN USD$ ,000) Total Offtake (@CM) 2.0 Leviathan Revenues (100%) 422,906 Loss Proceeds, if any, paid to Revenue Account - Sp
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