Newmed Energy Limited Partnership · TASE:NWMD
Newmed Energy Limited Partnership — Q3 2024 Earnings Presentation
17 slides from Newmed Energy Limited Partnership's earnings presentation, Nov 20, 2024
Slide 1: 3Q 2024 Financial Results Presentation
Slide 2: Disclaimer
NA Disclaimer This presentation was prepared by NewMed Energy Limited Partnership (the “Partnership’) and is 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 pres
Slide 3: Q3 highlights
Q 3" quarter gas production - c. 1,189 MMcf/d (209 Mboe/d), 3.10 BEM Q 3" quarter earnings - $22imm EBITDA / $147mm net profit Q Leviathan Operational Update : = 3 GL project = Leviathan Phase 1B FEED underway Q Financing : Deleveraging and preparing for a new investment cycle Q_ Dividend - $65mm Di
Slide 4: Production Summary
Production Summary. Average Price ($/mmbtu) 6.18 Average Price ($/mmbtu) 6.06 * Production Summary for Leviathan 100%
Slide 5: 140. 8.00 120. 100. 6.00 80. 60. 4.00 40. 20. 0. 2.00
140. 8.00 120. 100. 6.00 80. 60. 4.00 40. 20. 0. 2.00
Slide 6: Leviathan Operations
Leviathan Operations Q Non-material gas supply disruptions due the ongoing conflict Q 3rd Gathering Line project. First Gas expected End 2025 (originally Mid 2025) Q. Phase 1B FEED — Progressing on FEED and long lead procurement agreements Existing 3rd Gathering Line Expansion
Slide 7: Regional Connectivity Update
Regional Connectivity Update Leviathan Connecti pipeline to Jordan @ INGL Ashdod-Ashkelon, EMG pipeline Debottleneck using Full capacity of EMG — 800mme/d — 49 2025 transmission system @ FAJR + compression — Additional 400 mmcef/d — 2H 2026 Mediterranean Sea INGL Ashdod-Ashkelon pipeline (3) Nitzana
Slide 8: Sales, EBITDA, Net Profit
rd . . . Sales EBITDA Net Profit 318 | | | 30 22 30 23 30 24 30 22 30 23 30 24 30 22 30 28 30 24 EBITDA calculated as Operating profit + Deprecation and Amortization
Slide 9: Revenues from natural gas and condensate sales
Revenues From natural gas and condensate sales Net of royalties Revenues, net Expenses and costs: Cost of production of natural gas and condensate Depreciation, depletion and amortization expenses Other direct expenses Gea Total expenses and costs The Partnership's share in the losses / Profits of a
Slide 10: Quarter Change in Net Profit
34 Quarter Change in Net Profit (smm u79 Net profit 39 2023 144 price per mmbtu 5S. change in quantities 19.5 42 | 95 as Condensate Sales operating expense Net Financeial expense Tax expense 147 Discontinued operation Net profit 3Q 2024 10
Slide 11: Leviathan bond buyback and deleveraging
QQ NewMed's Leviathan Bond buy back amounts to $9imm. Board approved additional buyback plan of $100mm Leviathan Bonds. Q Agreements for the provision of credit facilities totaling $400mm oO $433.1mm cash and deposits for the quarter U Deleveraging ahead of a new investment cycle 3.5 3.0 25 - i | i
Slide 12: Balance Sheet
Balance Sheet Summary (mm Assets: Current assets: Cash and cash equivalents Short-term deposits Trade receivables Trade and other receivables Current taxes receivable Non-current assets: Investments in oil and gas assets Investments in a company accounted for at equity Long-term deposits Other long-
Slide 13: Upstream Activities
NA Upstream Activities Q The Aphrodite JV Partners have submitted a Development Plan to MECI, which is currently under review and seeking approval Morrocco- Boujdour License... Q. Processing and analyzing the available data 2009 |} 2017-2018 oe = bes. a icespes oa a nd 13
Slide 14: Dividends
14 Dividends $65mm profit distribution for the quarter Approximately $ibn returned to unitholders in profit distribution from Leviathan start up* Dividend Distributions 100 6565 60 so 60 50 50 so 50 50 50 50 50 50 19 22 3@ #40 12 22 39 40 19 22 32 42 «#10 «620 «30 2021 2021 2021 2021 2022 2022 2022
Slide 15: = Tel. +97299712421
= Tel. +97299712421 —— = < IR@newmedenergy.com
Slide 16: Appendix
Slide 17: Leviathan Bond Sponsor Financial Data Report
Leviathan Bond Sponsor FinancialDataReport Total offtake (BCM) and Leviathan Revenue for 100% of the Leviathan partners on an accrual basis. RTER ENDED Total Offtake (BCM) Leviathan Revenues (100%) Loss Proceeds, if any, paid to Revenue Account : Sponsor Deposits, if any, into Revenue Account : Gros
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