Newmed Energy Limited Partnership · TASE:NWMD
Newmed Energy Limited Partnership — NewMed Energy — J.P. Morgan Global High Yield & Emerging Market Leveraged Finance Conference 2022
20 slides from Newmed Energy Limited Partnership's conference presentation, Mar 14, 2022
Slide 1: NewMed Energy
NEWMEDENERGY February 2022
Slide 2: Natural Gas Operations, Regional Ties, Alternative Energies, Sustainability & ESG
Natural ae Alternative Gas Operations , Energies Regional oS Sustainability Ties 5 > &ESG
Slide 3: Transforming the Levant Basin into a Natural Gas Export Hub
Faster Med ESE Operation. Transforming the Levant Basin into a Natural Gas Export Hub Senior partner in all major gas Tel-Aviv listed LP discoveries off- witha market cap (4) shore Israel and ofc. $3.3 Billion Ne Cyprus World class E&P Financial strength TWA. portfolio of assets, based on robust fro
Slide 4: Leviathan - A Regional Energy Game Changer
LEVIATHAN FIELD *Resourcesestimate as of Dec21 TAMAR: TAMAR FIELD a) PLATFORM ¢ Ashkelon © Hadera Leviathan — A Regional Energy Game Changer * Ownership NewMedEnergy45.3%, Ratio 15%, Chevron Corp. (operator) 39.7% * 2P+2C Resources 22,7 tcf (631 bcm), 48mmbbl condensate + FirstGas Dec 2019 * Product
Slide 5: Vast gross reserve and resource base
Vast gross reserve andresource base 2P Reserves 2C Resources Levia than Gas Fiel d _ 22.31CF(631BCM) Gross2P+2C gasresources Unique Asset characteristic 2P £36 years + Discovered in2010, Leviathan is one of the world's most attractive 2P.+2C:53 years gas assets * Chevron Corp. is the operator of the
Slide 6: Regional gas demand and supply outlook
6 • • 114 117 104 96 • 80 80 83 • 60 • 2020 (1) 2025 2030 2035 • (8) • (31) (57) Israel demand from BDO; Jordanian demand from Wood Mackenzie; Egyptian demand from Wood Mackenzie and includes demand from LNG feed; Supply figures for Egypt include Onstream, under-development, probable development and
Slide 7: Leviathan export pipelines to Egypt and Jordan
MediterraneanSea <a om Pl Connecting pipeline to Jordan transmission Leviathan > - system . . J Sd Platform \ a a 0 \ Pan-Arab gas pipeline, connecting Egypt} a Jeviem LNGsite &Jordan —— Existing pipeline oo JS
Slide 8: Leviathan - Contracts and Sales Breakdown
Leviathan-— Contracts and Sales Breakdown Long term contractual structure with Take or Pay mechanism and limited commodity price risk Contracted sales 4 * 3bem/y witha Take or 3.6 bem/y until 06/2022 f volume of ~2bem/y Z, Pay commitment 4.7bem/y remaining term witha Take or Pay commitment Electrici
Slide 9: Leviathan revenue and EBITDA
9 30,795 43,467 44,293 45,268 163,823 1 Revenue calculated as Total net production per mcf * Average price per mcf; 2 EBITDA calculated as Net proceeds per mcf * Total net production per mcf;
Slide 10: Leviathan reserve and DCF report expected cash flow
2022 2023 2024 2025 2026 2027 2028 2029 2030 NewMed Energy Leviathan reserve and DCF report Feb 22, Represent expected cash flow from Leviathan phase 1a only 10
Slide 11: Leviathan Phase 2 - Cost Effective Expansion Options
Leviathan Phase 2 - Cost Effective Expansion Options Capacity of1.2bef/d (approx.12bem/y) Capacity of 1.2 bef/d (approx.24bem/y) DSM - Domestic Modul REM Regional Modul 11
Slide 12: Existing, under construction and future infrastructure
12 Existing Infrastructure Under Construction Future Potential Infrastructure
Slide 13: Leviathan Financing
13 Leviathan Financing Successful Leviathan Bond Issuance + Ond4th August 2020, Leviathan Bond Ltd, a wholly owned subsidiary of NewMedEnergy , priced USD 2.2Sbn in ahighly anticipated and very successful multi-tranche 35,7 and 10 year transaction * Strong demand from international real money accoun
Slide 14: Tamar 22% WI Sale to Mubadala Petroleum
Tamar 22% WI Sale to Mubadala Petroleum * Inaccordance with the provisions of the Government decision regarding the "Gas framework", the Partnership was required to transfer its full rights in the Tamar project by December, 2021 * The Partnership entered into an agreement with Mubadala Petroleum to
Slide 15: Integrity, Reliability, Mutual Respect and Responsibility
NA Integrity, Reliability, Mutual Respect and Responsibility We at NewMed Energy strive the above and tobea leader and force for innovation and positive change in the areas we operate 15
Slide 16: Leading Role in decarbonizing the region
NA Leading Role in decarbonizing the region A Dramatic Drop in Pollutant Emissions In the power sector 85 Emissions (thousands of tons per year) Total market production’ (TWH) 2013 2014 2015 2016 2018 2019 2020: 2022, Electricity soz No2 production ‘emissions ‘emissions
Slide 17: From a Local Gas Partnership to a Global Energy Player
N From a Local Gas Partnership to a Global Energy Player Hydrogen & C ‘) , Renewable Carbon Capture _— Energies 17
Slide 18: Near & Medium Term Milestones
Near & Medium Term Milestones Leviathan Gas Sales to capacity Israel+ Jordan+ Egypt LeviathanPotential Expansion Aphrodite New Energy Business Development
Slide 19: Disclaimer
Disclaimer This presentation was prepared by NewMed Energy Limited Partnership (the “Partnership’) ands given to you only for the provision of concise information for the sake of convenience and may not be copied or distributed to any other person. The Data and information included in this presentat
Slide 20: NewMed Energy IR
-NewivletEneray- IR Tel. +9729 9712421 IR@newmedenergy.com