Hibiscus Petroleum Bhd. · MYX:HIBISCS
Hibiscus Petroleum Bhd — CGS International 18th Annual Malaysia Corporate Day 2026
19 slides from Hibiscus Petroleum Bhd's conference presentation, January 2026
Slide 1: CGS International 18th Annual Malaysia Corporate Day
CGS INTERNATIONAL 18 ANNUAL TH Logo MALAYSIA CORPORATE DAY January 2026 January 2026
Slide 2: Disclaimer
DISCLAIMER The purpose of this presentation is to provide general information about Hibiscus Petroleum Berhad (the “Company”) to assist potential investors in making their own evaluation of the Company and does not purport to be all-inclusive or to contain all of the information that a prospective i
Slide 3: Diversified Asset Base with Balanced O&G Exposure
DIVERSIFIED ASSET BASE WITH BALANCED O&G EXPOSURE Assets in well-established regions; production with development upside; oil and gas balance Geographically Diverse United Kingdom Balanced Production Portfolio 2P: 16.3 MMboe Predominantly Production 2C: 52.4 MMboe 26,462 boe/day 51% : 49%Oil Gas Net
Slide 4: Building ASEAN's Leading Independent E&P Company
BUILDING ASEAN’S LEADING INDEPENDENT E&P COMPANY Delivering growth and long-term shareholder value 2X GROWTH 2030 Mission FY2026 (Sales 9.0-9.4MMboe Guidance) Daily Production (boe/day) +38% FY2027 ~12.7MMboe (2026 ON TRACK (based on 35kboe/d) Mission) 2026 Mission 70,000 Food for thought EXCEEDED A
Slide 5: Positive Development on the Teal West Project
POSITIVE DEVELOPMENT ON THE TEAL WEST PROJECT DELIVERY OF PROJECTS Driving production and strengthening our asset base Drilling completed and demobilisation operations are ongoing Higher 2P oil reserves of 4.5* MMbbl (by 32%) vs 3.4 MMbbl previously reported based on preliminary subsurface data Firs
Slide 6: Entry of Strategic Investors
ENTRY OF STRATEGIC INVESTORS Access to larger asset opportunities and funding HIGHLY REPUTABLE, ESTABLISHED PARTIES in negotiations with at least 3 ISSUE PRICE AT A PREMIUM to current market price – no dilution STRENGTHENS SHAREHOLDER BASE better access to capital & assets, attracting blue chip inve
Slide 7: Value Creation & Re-rating Strategy
VALUE CREATION & RE-RATING STRATEGY
Slide 8: How Are We Going to Achieve Re-rating?
HOW ARE WE GOING TO ACHIEVE RE-RATING? Core building blocks underpinning value creation Building Blocks to Accelerate 2030 Mission Building Blocks In Place 1 Diversified Asset Base Geographical Composition & Field Life Cycle 2 Strategic Proven Acquisitions Track Record investor(s) IRR of 100% to 689
Slide 9: Proven Acquisitions Track Record
PROVEN ACQUISITIONS TRACK RECORD Enhanced returns through value-accretive acquisitions NORTH SEA, UK 2018 2016 2022 IRR* 298% IRR* 689% (vs. 15% at SPA)2 (vs. 36% at SPA)1 2024 IRR* 100% VIETNAM (vs. 46% at SPA)1 2022 MALAYSIA Anasuria Cluster MALAYSIA- VIETNAM CAA North Sabah BRUNEI Peninsula Hibis
Slide 10: Long-Life Asset Base
LONG-LIFE ASSET BASE Current licences last up until 2047 Name of Asset Country 2020 2025 2030 2035 2040 2045 2050 North Sabah PSC Malaysia Kinabalu PSC Malaysia PM3 CAA PSC Malaysia-Vietnam CAA Anasuria Cluster United Kingdom (including Teal West) Block B MLJ Brunei 10
Slide 11: Long Reserves Life
LONG RESERVES LIFE 15-year reserves and resources life with high reserve replacement ratio Reserves Replacement Reserves Replacement Ratio 2017-2024: Ratio 2024 - 2025: 201% 436% 88 MMboe Net 2P 9.0 Reserves 39.2 31.3 63.0 110 MMboe 87.6 Net 2C Resources 57.4 25.7 ~15 YEARS OF Net 2P Net 2P Net 2P R
Slide 12: Strong Past 5-Year Growth
STRONG PAST 5-YEAR GROWTH Exceeding 20% CAGR in production, operating cashflows and EBITDA over five years Daily Production (kboe/d) 2P Reserves (MMboe) 2C Resources (MMboe) CAGR 26 CAGR 88 CAGR +13% 110 +24% +8% 47 74 9 FY2021 FY2025 FY2021 FY2025 FY2021 FY2025 Revenue (RM m) EBITDA (RM m) Total As
Slide 13: Financial Capacity to Support Growth
FINANCIAL CAPACITY TO SUPPORT GROWTH Low debt-to-equity ratio with significant unutilised facilities to fund future growth As at 30 Sep 2025 Debt to equity ratio 0.29x Unutilised facilities RM1,053 million 13
Slide 14: Malaysia Growth Plan
MALAYSIA GROWTH PLAN PM3 CAA 20-year extension – a key enabler of the PM3 Master Hub Plan PM3 CAA (PRODUCTION) Operated Interest Platforms 35% 14 PKNB CLUSTER PSC (DEVELOPMENT) PSC extended to FSOs 2047 2 4 Discovered gas fields Substantial gas resources with tie-back opportunities to existing PM3 C
Slide 15: Brunei Growth Plan
BRUNEI GROWTH PLAN Unlocks future opportunities in a well-established oil and gas jurisdiction Rystad Projects 45% Decline ~29 years1 of Remaining 2C Resource Life Unlocking in Production by 2035 to be Exploited Opportunities 2015: ~370k boepd Immediate objective: 2026: 332k boepd To arrest sharp de
Slide 16: Delivering Value to Shareholders
DELIVERING VALUE TO SHAREHOLDERS
Slide 17: Growing Dividend, Growing Returns
GROWING DIVIDEND, GROWING RETURNS Prioritising Returns To Shareholders Increasing Dividend Trend Current dividend practice • At the start, the minimum dividend guidance for the FY is 12 6.0 7.0 disclosed Div. Yield • Dividends are declared and paid on a quarterly basis (%) 4.3 5.0 10 2.9 10.00 Divid
Slide 18: Achieving Company Re-rating
ACHIEVING COMPANY RE-RATING On course to meet 2026 target Pipeline of opportunities to deliver 2030 target 18 35,000 boe/day & 2P reserves of 100MMboe 70,000 boe/day & 2P reserves of 150Mmboe Growth pillars of Malaysia & Brunei via existing Execution of ongoing projects in Malaysia, PM3 Master hub p
Slide 19: Thank You
THANK YOU For more information, please contact faq@hibiscuspetroleum.com
Hibiscus Petroleum Berhad — CGS International 18th Annual Malaysia Corporate Day 2026 on 6ix