Delek Group Ltd. · TASE:DLEKG
Delek — Q3 2020 Earnings Presentation
12 slides from Delek's earnings presentation, Nov 30, 2020
Slide 1: Delek Group Q3 2020 Earnings Presentation
Delek Group Q3 2020 Earnings Presentation Idan Wallace, CEO November 30, 2020 1
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Delek Group Ltd. (“the Company") and is presented solely for convenience for the purpose of providing summary information. This presentation does not claim to be comprehensive or to include all the information that might be relevant to make a decisio
Slide 3: 2020 Accomplishments amid Covid-19 Crisis
2020 Accomplishments amid Covid-19 Crisis ✓ The Group met all its commitments to bondholders and banks on-time ✓ Asset disposals on good terms totaling more than NIS 3.5 billion, of which the company has received more than NIS 3 billion to date ✓ Signed stand-still agreements with lending banks ✓ Si
Slide 4: Asset Disposals and Additional Proceeds during 2020
Asset Disposals and Additional Proceeds during 2020 Asset disposals Dividends and additional proceeds Sale of Pi-Glilot (Delek Israel) NIS 720 million Dividends from Delek Drilling 5 NIS 190 million Sale of overriding royalties – Karish-Tanin NIS 318 million Dividends from Delek Israel 6 NIS 194 mil
Slide 5: Significant Decrease in Financial Liabilities during 2020
Significant Decrease in Financial Liabilities during 2020 Loans from secured banks1 Debentures2 Financial liabilities - gross Financial liabilities - net NIS millions )2,968( (843) (1,100) Loans from )1,527( banks fully 9,330 1,100 repaid 6,281 6,090 6,362 5,438 4,563 December Financial December Fin
Slide 6: Actions Led to Significant Decrease in Bond Yields
Actions Led to Significant Decrease in Bond Yields Rating placed Rating Rating Agreements with Q2 2020 reports under reduced to reduced to banks and Q3 2020 reports publication Creditwatch BBB CCC bondholders publication Bond series March 12, 2020 April 1, 2020 May 5, 2020 June 21, 2020 August 31, 2
Slide 7: Group Structure Following Business Focus Actions
Group Structure Following Business Focus Actions Delek Group Fuel marketing UK North Sea East Med and convenience Oil & Gas Gas & Oil stores - Israel 54.7% 100% 100% *30% Leviathan Delek overriding Drilling royalties Ithaca Delek Israel Tamar Leviathan Aphrodite 22% 45% (Cyprus) 30% 7 * The Company
Slide 8: Record Quarter for Delek Drilling
Record Quarter for Delek Drilling Sales Volume (BCM) Revenues (NIS million) EBITDA (NIS million) 64% 131% 178% 810 718 4.6 2.8 350 258 Q3 2019 Q3 2020 Q3 2019 Q3 2020 Q3 2019 Q3 2020 ✓ Strong domestic demand for natural gas and record sales volumes of 1.3 BCM to export markets. ✓ Q3 sales volume sur
Slide 9: Ithaca Continues to Deliver Strong Cash Flow and Financial Position
Ithaca Continues to Deliver Strong Cash Flow and Financial Position Sales Volume (kboe) Revenues ($ million) Cash Flow from Operations Net Debt ($ million) ($ million) (330) 286% 293% 448% 5,410 267 148 1,550 1,220 1,400 68 27 Q3 2019 Q3 2020 Q3 2019 Q3 2020 Q3 2019 Q3 2020 December 31, September 30
Slide 10: Strong Results for Delek Group
Strong Results for Delek Group Revenues (NIS million) Operating Income (NIS million) Net Income (NIS million) 129% 201% 198% 1,705 742 149 65 566 237 Q3 2019 Q3 2020 Q3 2019 Q3 2020 Q3 2019 Q3 2020 ✓ Strong results for Delek Drilling and Ithaca, the Group’s core assets, together with the consolidati
Slide 11: Additional Developments Expected in the Group and its Core Assets
Additional Developments Expected in the Group and its Core Assets ✓ Continue to implement the strategy to strengthen the capital structure and liquidity ✓ Execution of a capital transaction in Ithaca ✓ Measures to increase liquidity beyond the projected cash flow that will be used, inter alia, for t
Slide 12: Thank you
Thank you Limor Gruber Head of Investor Relations Limorg@delek-group.com +972 9 863-8443