LNG Energy Group Corp. · OTC:LNGNF
LNG Energy — Investor Presentation (May 2024)
19 slides from LNG Energy's investor presentation, May 2024
Slide 1: Building Latin America's Next Energy Platform
Building Latin America’s Corp. Next Energy Platform Investor Presentation - May 2024 All currency related numbers are in USD, unless otherwise specified
Slide 2: A Regional Growth Platform
2 A Regional Growth Platform • LNG Energy Group Corp. (“LNG Energy Group”) (TSXV:LNGE) (TSXV:LNGE.WT) (OTCQB:LNGNF) (FRA:E26) formed through a $100 MM debt & equity financed acquisition and concurrent go-public of Lewis Energy Colombia, Inc. in August 2023 • Focused on rapid and responsible growth t
Slide 3: LNG Energy Group At A Glance
3 Colombia Focused Assets LNG Energy Group At A Glance Capitalization Structure Common Shares Outstanding 155.3MM Market Capitalization(1) $34MM Net Debt(2) $53MM Enterprise Value(1) $87MM Insider Ownership >50.0% Exchange Listings TSXV, OTCQB, FRA Production and Reserves(3)(4) Production (net) 19 M
Slide 4: Assets Summary Proximal to Infrastructure and Markets
4 Assets Summary Proximal to Infrastructure and Markets SSJN-1 Producing Block (50% Operated WI) Focused on High Net-back Natural Gas, • 226 thousand gross acres Proximal to Pipeline Tie-ins & Demand • Provides core established net production of approximately 19 Centers MMcfe/d from the Bullerengue
Slide 5: Our New Team Provides Bench Strength
5 Our New Team Provides Bench Strength Financial, Legal & Operational Expertise Pablo Jeff Michael Alfred Stan Angel Nicolas Navarro Agosta Galego Holcomb Jumper Roa Ziperovich Chairman & Director Director & Director Technical Chief Chief Chief Chief Legal Director Financial Operations Executive Off
Slide 6: Colombian Natural Gas Market Dynamics Support LNGE's Strategy
6 Colombian Natural Gas Market Dynamics Support LNGE’s Strategy Historical Natural Gas Demand Projected Natural Gas Supply and Demand (Gbtu/d) (Gbtu/d) 1,500 1,500 1,200 1,200 259 355 83 306 328 900 900 600 600 300 300 0 0 2003 2005 2007 2009 2011 2013 2015 2017 2019 2021 2023 2023 2024 2025 2026 20
Slide 7: Bullerengue Field: Stable, Cash-Flowing Production
7 Bullerengue Field Stable, Cash-Flowing Production Overview Bullerengue Chengue Structure • 50% operated WI, production organically grown since discovery in 2015 • Current gross production of 38 MMcfe/d (95% natural gas) from Chengue and Porquero formations • Choked-backed production method extends
Slide 8: Bullerengue Field (SSJN-1 Block): Low-risk, Repeatable and Scalable
8 Bullerengue Field (SSJN-1 Block) Low-risk, Repeatable and Scalable Average Production (Gross) 33% CAGR since 2018 • Bullerengue field discovered by Lewis (MMcf/d) Energy Colombia, Inc. in 2015 40 • On production since 2016 Oct 2023: LNG Energy drilled 35 • Significant growth in gas production and
Slide 9: 2024 Guidance
9 2024 Guidance A Robust Outlook 2024 Guidance(1)(2) Exit Rate Gross Production (MMcfe/d) 40 - 44 Contracted Natural Gas Volumes 18.1 (MMcf/d) Natural Gas % of Total Production 93% - 95% Weighted Average Contract Price ($/Mcf) $7.5 Operating Netback ($/Mcfe) $5.4 - $5.5 EBITDA ($MM) $33 - $39 Net Ca
Slide 10: 2023 Reserves
10 2023 Reserves High Contract Prices Drives High Reserves Value Net Present Value of Future Net Revenue Before Tax(1)(2) 2023 Year-End D&M Certified Net Reserves Volumes(1)(2) December 31, 2023 December 31, 2023 Reserves Category NPV10 NPV10 Net Reserves at December 31, 2023 (U.S.$MM) (C$/share) Co
Slide 11: ESG Strategy and Commitment
11 ESG Strategy and Commitment • Mitigated or captured over 18,000 tons of CO2e in 2023 • Completed a new program in 2024 reducing CO2e leaks by 98.8% • Committed to $1 million forestry program to further offset carbon footprint • Energia Educativa (“Educational Energy”) has improved educational acc
Slide 12: A Compelling Value Proposition
12 LNG Energy Group A Compelling Value Proposition • Long Reserve Life Index (7.9 years 1P)(1), low decline production (tied to contract take) Low Decline, High Free • Multi-year fixed price take-or-pay gas contracts ($7.5/Mcf in 2024), three to four times higher than North Cash Flowing Assets Ameri
Slide 13: Conditional Contracts in Venezuela
13 Conditional Contracts in Venezuela Overview • On April 17, 2024, LNG Energy Group’s wholly-owned subsidiary, LNGEG Growth I Corp. (“LNG Venezuela”), was awarded two conditional Productive Participation Contracts (“CPPs”) to develop and produce hydrocarbons in Venezuela • LNG Venezuela will provid
Slide 14: Disclaimers
14 Disclaimers CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION: This presentation contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities laws. All statements other than statements
Slide 15: Disclaimers
15 Disclaimers BOE CONVERSION: The term “boe” is used in this presentation. Boe may be misleading, particularly if used in isolation. A boe conversion ratio of cubic feet to barrels is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a va
Slide 16: Appendix
me LNG Energy Group
Slide 17: 2023 Year-End Financials
17 LNG Energy Group 2023 Year-End Financials Financials Operations Three months Three months August 15 to August 15 to ended on ended on (Values in thousands of US Dollars) December 31, December 31, December 31, December 31, 2023(1) 2023(1) 2023 2023 Total Natural Gas & Condensate Realized Sales 9,5
Slide 18: Board of Directors and Management
18 Board of Directors and Management Decades of Experience with Significant Technical Expertise PABLO NAVARRO, Chairman & Chief Executive Officer STAN JUMPER, Director Mr. Pablo Navarro is the Chairman, CEO and Co-Founder of LNG Energy Group Corp. Prior to Mr. Stan Jumper was instrumental in Lewis E
Slide 19: Contact Information
Contact Information LNG Energy Group Corp. LNG Resource Management Lewis Energy Colombia, Inc. Investor.relations@lngenergygroup.com 40 Temperance St. 10101 Reunion Place, Suite 275 Carrera 7. No. 113-43 ww.lngenergygroup.com North Tower, Suite 3200 San Antonio, Texas Of. 801, Torre Samsung Toronto,