Sound Energy Plc · LSE:SOU
Sound Energy — Investor Presentation (May 2023)
18 slides from Sound Energy's investor presentation, May 2023
Slide 1: Fuelling the Energy Transition: Investment Summary Spring 2023
FUELLING THE ENERGY TRANSITION INVESTMENT SUMMARY Spring 2023
Slide 2: Value Proposition: Fuelling the Energy Transition
VALUE PROPOSITION: FUELLING THE ENERGY TRANSITION TODAY THE FUTURE FOCUSED TRANSITION ENERGY Largest onshore operator in Morocco. Restructured business to Delivering secure, affordable and sustainable energy focus on developing material existing gas discoveries at Tendrara replacing imported LPG, co
Slide 3: Morocco and Gas: A Compelling Case
MOROCCO AND GAS: Tahaddart Power 400 MW A COMPELLING CASE Dhar Doum Oued El Makhazine 2 x 400 MW 4 x 400 MW Ain Beni • Morocco has historically imported 90% of all consumed Oujda Mathar gas from Algeria through the GME pipeline Al Wahda Rabat 4 x 400 MW 120km • Currently two existing CCGTs are relia
Slide 4: Morocco and Gas: Market Dynamics
MOROCCO AND GAS: MARKET DYNAMICS Over 99% of SPAIN’S GAS Spanish gas • Multiple market opportunities to absorb planned and demand in 2022 IMPORT SOURCES 4 and potential future growth from exploration: was met by • 0.4 BCM p.a. total from Tendrara mLNG and pipeline Full year 2022 imports, from projec
Slide 5: Tendrara Development: Phase 1 Micro LNG
TENDRARA DEVELOPMENT: PHASE 1: MICRO LNG Tangier Nador • Contract with EPC contractor Italfluid Geoenergy Oujda S.r.l to Design, Build, Operate and Maintain the Micro LNG plant as a leased facility Kenitra • $18M loan note provided by Afriquia Gaz Rabat (part of AKWA group) covering Sound Energy’s i
Slide 6: Micro LNG: Commercial Summary
MICRO LNG: COMMERCIAL SUMMARY SOLID FUNDING AND BUSINESS PARTNERSHIPS ITALFLUID AFRIQUIA GAZ Italfluid Geoenergy S.r.l. Afriquia Gaz SA Micro LNG Plant to be designed, constructed, commissioned, Substantial market share of LPG supply currently operated and maintained by Italfluid with guarantees for
Slide 7: Tendrara Development: Phase 2 CPF & Pipeline
Tahaddart TENDRARA DEVELOPMENT Power 400 MW PHASE 2: CPF & PIPELINE Oued El Makhazine Dhar Doum 2 x 400 MW RECOVERABLE RESOURCES OF 377 BCF (2C)1 4 x 400 MW GAS DISCOVERY AT THE TE-5 HORST Oujda Ain Beni Mathar COMPLETED: Al Wahda • 120km Tendrara Gas Export Pipeline Corridor ready Rabat 4 x 400 MW
Slide 8: Further Gas Exploration: Significant Potential for Scalable Growth
FURTHER GAS EXPLORATION: SIGNIFICANT POTENTIAL FOR SCALABLE GROWTH • We are the largest onshore permit holder in Morocco with approximately 28,000 square kilometres licensed 50 KM Planned Tendrara • Potential of continuity with the prolific Algerian Gas Export Pipeline Gas Discovery Triassic & Palae
Slide 9: Greater Tendrara & Anoual: Appraisal & Exploration Summary
GREATER TENDRARA & ANOUAL: Appraisal & Exploration Summary 50 KM Planned Tendrara Gas Export Pipeline Gas Discovery ANOUAL TAGI Feature Palaeozoic Feature Gas Pipeline Route Licenced Areas M5 TE-5 Horst TE-4 Horst SBK-1 GREATER TENDRARA Appraisal and Exploration Opportunity Summary Unrisked Volume P
Slide 10: Positioning the Company for Growth Through the Energy Transition
POSITIONING THE COMPANY FOR GROWTH THROUGH THE ENERGY TRANSITION In addition to the ongoing development of the Company’s existing portfolio, the Company has been assessing a basket of opportunities to build out, diversify and grow the business both organically and inorganically in Morocco and beyond
Slide 11: Financial Overview
FINANCIAL OVERVIEW DEBT POSITION • €25.3M 5% senior secured notes due in December 2027 Market Cap c.$45M • $18M 6% loan note with Afriquia Gaz $M1 due in December 2033, to be drawn down during 2022-2023 to fund Phase Debt $M2 $26.6M 1 Micro LNG KEY FINANCIAL PRIORITIES $2.2M Cash $M3 • Revenue gener
Slide 12: A Sustainable Business Model with ESG at Its Core
A SUSTAINABLE BUSINESS MODEL WITH ESG AT ITS CORE RE-CYCLE & GROW EVALUATE • Re-cycle cash and leverage • Evaluate our existing portfolio focusing on portfolio to fuel growth value extraction via a variety of sustainable • Leverage technical, financial energy transition strategies including and comm
Slide 13: Sound Energy: Fuelling the Energy Transition
SOUND ENERGY: FUELLING THE ENERGY TRANSITION FOCUSED Accretive near-term Largest onshore operator in Morocco, a focused leadership team with a track catalysts record of delivering targets having restructured the business Substantial COMPELLING Experienced and focused Leadership Team portfolio expose
Slide 14: Detailed information on our investor website
Detailed information on our investor website: www.soundenergyplc.com questions@soundenergyplc.com chairman@soundenergyplc.com 14 Disclaimer: The investment mentioned in this document may not be suitable for all recipients or be appropriate for their personal circumstances. The information in this do
Slide 15: Appendix 1: Board and Leadership Team
APPENDIX 1: BOARD AND LEADERSHIP TEAM NEW LEADERSHIP TEAM RETAINING CORE KNOWLEDGE Graham Lyon Mohammed Seghiri Executive Chairman Chief Operating Officer An experienced oil and gas executive Over 23 years’ experience in leading with 40 years of technical, operational and complex European and Africa
Slide 16: Appendix 2: Resources
APPENDIX 2: RESOURCES The Company’s volumes and risk factors are presented in accordance with the updated and revised June 2018 SPE/WPC/AAPG/SPEE/SEG/SPWLA/EAGE Petroleum Resource Management System (“PRMS”). Contingent Resources are those quantities of petroleum estimated, at a given date, that are
Slide 17: Disclaimer
Disclaimer: This presentation and any additional documents handed out at any meeting (together the “Presentation Materials”) have not been approved by (i) the London Stock Exchange plc or by any authority which could be a competent authority for the purposes of the Prospectus Directive (Directive 20
Slide 18: Disclaimer continued
Disclaimer continued: Any recipient of these Presentation Materials who is in any doubt about the investment to which this presentation relates should consult an authorized person specializing in advising on investments of this kind. These Presentation Materials do not constitute a recommendation re