Navitas Petroleum Lp · TASE:NVPT
Navitas Petroleum Lp — Investor Presentation (July 2024)
19 slides from Navitas Petroleum Lp's investor presentation, July 2024
Slide 1: Investor Presentation July 2024
( NAVITAS EF TROLEUM Investor Presentation July , 2024
Slide 2: Navitas Petroleum at a Glance
Navitas Petroleum at a Glance Geographic footprint International O&G Partnership publicly traded in TASE since 2017 under ticker “NVPT” Founded in 2013 by Mr. Gideon Tadmor, an industry veteran who pioneered the Israeli O&G industry Established portfolio comprised of robust offshore production, conv
Slide 3: Navitas Offshore Strategy
Navitas Offshore Strategy Mitigate risks and shorten project time to market . Investment prior to Navitas’ farm-in e Investment following to Navitas’ farm-in FID Final Investment Decision ts) Investment Tote el j 4q M NAVITAS meek n PETROLEUM Farm-in Appraisal Wells #2 Buckskin Appraisal Wells Explo
Slide 4: Illustrative note and oil price forecast footnotes
1. This slide was prepared for illustrative purposes only and does not reflect the value of the Partnership. 2. The discounted cash flow refers to phases 1 & 2 of the development plan (in its format to date), which amount to approx. 203 million barrels of oil out of a total of approx. 514 million ba
Slide 5: Overview of Navitas' Major Assets
Overview of Navitas’ Major Assets Asset Shenandoah Overview o Renowned Shenandoah field dominates future production of the portfolio. Fully committed capital in the form of equity and credit facility Key KPIs 49% Working interest $3.5bn DCF value (2P-NPV10, net) 39,000 BO/D Daily productiont ~$15 pe
Slide 6: Shenandoah
Shenandoah — the Description Renowned Shenandoah field dominates future production of the portfolio: Fully committed and secured capital in the form of equity and bank facility Beacon Offshore Energy is the field operator Very strong field-life economics per barrel The drillship: pavery of first Tra
Slide 7: Shenandoah — the "Game Changer"
Shenandoah — the “Game Changer” . Shenandoah As ® 76% of the development budget was spent until the end of May 2024 ® 4 development wells were successfully drilled -—" Completion operations have started US Guif of ® Pipe lay of the oil line completed ier ® FPS- Skidding Topsides incident occurred 2/
Slide 8: Buckskin
◆ Buckskin ◆ US Gulf of Mexico ◆
Slide 9: Monument — Leveraging Shenandoah for Low Cost Tieback
Monument — Leveraging Shenandoah for Low Cost Tieback Description ® Discovery near Shenandoah, tie back to Shenandoah's FPS, proving the Shenandoah FPS “Hub" concept Shenandoah Pus Gulf of © Shenandoah FPS capacity to increase to 120K bo/d; Production & handling services to be provided via the q [—
Slide 10: Neches and Denbury Assets
Neches and Denbury Assets Description ® Solid production with strong profitability benefits — from low development and production costs ® Acquired five producing oil fields Onshore Texas: ugat and ©. Miss vy, Neches (1) in 2019 and Denbury assets (4) in2020 @ or! : magend Denbury, recently acquired
Slide 11: Sea Lion — the Next Big Thing
Sea Lion — the Next Big Thing Description ® FID ready major oil discovery ® Fully appraised with 20 exploration and appraisal penetrations drilled - past investment of~ USD 1.3bn. ® Field development plan (FDP) submitted to the Falkland Islands Government (FIG) and Environmental Impact Statement (EI
Slide 12: Sea Lion Project — Way Forward
Sea Lion Project — Way Forward Actions taken to reach FID Project team Experienced London-based project team established in 2022 FEED process Secured key suppliers and Long Lead items Joint work teams Navitas and Falklands Islands government 4q NAVITAS PETROLEUM Financing Package establishing an att
Slide 13: Projected production and cash flow based on NSAI reserves reports
70,000 1,200 1,200 60,000 1,000 50,000 900 800 40,000 600 600 30,000 400 20,000 300 10,000 200 0 0 0 *Excluding head office general and administrative expenses • In accordance with Navitas’ share in the • For more information about the oil prices that were used in the Dec’ 2023 NSAI reserves reports
Slide 14: 2000 1000 1600 1200 800 400 30 20 40 400 200 10 20 0
80 140 2000 1000 70 120 1600 800 60 100 50 1200 600 80 40 60 800 400 30 20 40 400 200 10 20 0 0 0 0 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023
Slide 15: Net Consolidated Financial Debt
Net Consolidated Financial Debt As of March 31, 2024 (in USD thousand) 4 NAVITAS PETROLEUM Assets Debentures (Series C) (90,630) Convertible debentures (Series D) (50,576) Debentures (Series E) (138,040) Debentures (Series F) (248,078) Loan for funding the Shenandoah project (278,157) Loan for the o
Slide 16: Maximising value while having a strong focus on ESG
Maximising value while having a strong focus on ESG' Navitas' climate policy Navitas’ climate policy, approved by the board of directors of the General Partner of Navitas in early 2021, includes the following commitments: 1. Promote the use of renewable energies 2. Monitor GHG emissions of Navitas'
Slide 17: Thank You!
( NAVITAS ITROLEUM Thank You!
Slide 18: Disclaimer
This presentation was prepared by Navitas Petroleum Limited Partnership (hereinafter - “Navitas” or the “Partnership”). This presentation does not purport to be comprehensive or to include all the information, which may be relevant to making an investment decision in connection the Partnership’s sec
Slide 19: Disclaimer (continued)
Furthermore, the data regarding the number of oil barrels that may be produced from each of the Partnership’s assets and the projected cash flows from those assets also constitute forward-looking information, which is based on reports that the Partnership received from an independent appraisers of r
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