Genel Energy Plc · LSE:GENL
Genel Energy — FY2022 Earnings Presentation
13 slides from Genel Energy's earnings presentation, Mar 22, 2023
Slide 1: 2022 full-year update
2022 full-year update 22 March 2023 A socially responsible contributor to the global energy mix
Slide 2: Disclaimer
Disclaimer These materials are being supplied to you by Genel Energy plc (the “Company”) solely for your information and for use at this presentation and does not constitute a prospectus or offering memorandum or an offer in respect of any securities. All numbers and charts included in this presenta
Slide 3: Where we are now
Where we are now Robust production and committed dividend, with material net cash position Strong balance sheet Established dividend Record free cash flow provides opportunity programme frames in 2022 to acquire and business and capital develop new assets allocation decisions $235 million c.$500 mil
Slide 4: Genel - years of delivering ESG goals in Kurdistan
Genel - 20 years of delivering ESG goals in Kurdistan Delivering returns for our shareholders and benefits for Kurdistan A COMMITTED PARTNER y is ti ___ 30,000 jobs supported by Genel Signed first Kurdistan PSC in 2002 Bo le. BLM Genel20 Scholars $21 billion generated for the KRG Barrels and balance
Slide 5: Record free cash flow generation in 2022
Record free cash flow generation in 2022 Outlook free cash flow covers dividend ( 4) Genel Energy FREE CASH FLOW ($ million) 2021 235 2022 2022 REVENUE AND CASH FLOW (S million) 2022 Brent average oil price $101/bbl Production (bopd, working interest) 30,150 Revenue 303 Override revenue 95 Deferred
Slide 6: Maintaining and protecting our strong balance sheet
Maintaining and protecting our strong balance sheet Significant cash balance available to invest NET CASH ($ million) Resilient production protects balance sheet Minimise capital commitments Maintain balance strength 93 44 _ 2018 2019 2020 2021 2022 Full-year 2022 results - March 2023 5 S : i
Slide 7: Brent oil price
$101/bbl $82/bbl YTD $71/bbl $64/bbl $42/bbl
Slide 8: Focus for 2023
Focus for 2023 Building a stronger business . =a fj Progression Significant cash Cash generation A towards balance to . from production r conical . Somaliland acquire new ae business exploration assets Maintain strong balance sheet Sustainable and committed dividend programme ates a ae Full-year 202
Slide 9: Maximising free cash flow from production business
Maximising free cash flow from production business Primarily Tawke PSC: two high-quality fields, high-quality operator PORTFOLIO PRODUCTION (Kbopd 36 2018 2019 2020 2021 2022 TAWKE PSC Zero LTIs Low-carbon Active drilling Enhanced oil programme recovery project Full-year 2022 results - March 2023 8
Slide 10: Continue to progress towards drilling
Continue to progress towards drilling : sos Individual stacked prospects on | - first well, each potentially 100- 200 MMbbls Over 2.5 Bboe mean | recoverable resource potential
Slide 11: Bringing new assets into the portfolio
Bringing new assets into the portfolio Opportunity to transform the returns delivered by the business — New asset preferred Current/near-term production Resilient Support ESG goals Mitigated downside risks Material Sustainable Progressive Improve returns Strengthen the business Diversify risk Suppor
Slide 12: Outlook
Outlook = Salta eee: Significant liquidity Capital allocation funded ayaioecaat! available to add new centred around flow for medium- ral t assets ; dividend programme = erm * 7 re a ss = oe = 2 we _ Arbitration relating to gas assets ongoing Progressing towards | Somaliland drilling Full-year 2022
Slide 13: For further information please contact investor relations
For further information please contact investor relations Andrew Benbow, Head of Communications andrew.benbow@genelenergy.com