Newmed Energy Limited Partnership · TASE:NWMD
Newmed Energy Limited Partnership — Q2 2024 Earnings Presentation
16 slides from Newmed Energy Limited Partnership's earnings presentation, Aug 8, 2024
Slide 1: 2Q 2024 Financial Results
2Q 2024 Financial
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: Quarter highlights: production, earnings, Leviathan update, dividend
Q 24 quarter gas production - c. 1105 MMcf/d (195 Mboe/d), 2.81 BCM Q 24 quarter earnings - $204mm EBITDA / $137mm net profit Q Leviathan Operational Update : = 34 GL project, on time on budget = Condensate sales Q Leviathan Expansion * MOE preliminary green light for additional export quantities =
Slide 4: Production Summary
Production Summary. Average Price ($/mmbtu) 6.29 Average Price ($/mmbtu) 6.14 * Production Summary for Leviathan 100%
Slide 5: Monthly production and price chart
0. 20. 40. 60. 80. 100. 120. 140. Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23
Slide 6: Leviathan Expansion
NA Leviathan Expansion Q_ The Ministry of Energy has given a preliminary green light to expand the export of natural gas, while also increasing the supply to the domestic market. The export volume may be increased by an additional 118 BCM, which may increase to up to 145 BCM Qs Phase 1B FEED — Appro
Slide 7: Increasing Regional Flow Capacity
NA Increasing Regional flow Capacity Leviathan Po 2 Connecting pipeline to Jordan transmission system (7) INGL Ashdod-Ashkelon, EMG pipeline Debottleneck using Full capacity of EMG — 8000mme/d — 1H 2025 - Lp 2) FAJR + compression — Additional 400 mmcf/d — 1H 2026 Mediterranean Sea INGL Ashdod-Ashkel
Slide 8: Sales, EBITDA and Net Profit
nd - . . Sales EBITDA Net Profit 291 251 20 22 20 23 20 24 20 22 20.28 20 24 20 22 20 23 20 24 EBITDA calculated as Operating profit + Deprecation and Amortization
Slide 9: Income statement: 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: 2nd Quarter Change in Net Profit
NA 2"d Quarter Change in Net Profit (¢mm) 160.0 140.0 120.0 |] 100.0 80.0 60.0 40.0 20.0 0.0 137 10
Slide 11: Financial Debts
NA Financial Debts) _ Q NewMed’s Leviathan Bond buy back amounts to $44mm to date 3.5 3.0 25 : . : : A oO. 0.0 Dec - 2020 Dec - 2021 Dec - 2022 Dec - 2023 Mar - 2024 Jun-24 a ° a * Bond Debt
Slide 12: Balance Sheet Summary
12 Assets: Current assets: Cash and cash equivalents 115 69.0 29.1 Short-term deposits 190.0 18.0 157.6 Trade receivables 256.1 204.9 194.5 Trade and other receivables 155.3 128.2 187.1 Non-current assets: B | Sh t Investments in oil and ts 2,640.5 2,601.1 26473 a ance ee investments in oil and gas
Slide 13: Dividends
13 Dividends $65mm profit distribution for the quarter $910mm returned to unitholders in profit distribution from Leviathan start up* Dividend Distributions 100 oI 60 so 60 50 50 so 50 50 50 50 50 50 10620 38Q QQ QQ QQ QQ Qs 1Q) 20 2021 2021 2021 2021 2022 2022 2022 2022 2023 2023 2023 2023 2024 202
Slide 14: = Tel. +97299712421
= Tel. +97299712421 —— = < IR@newmedenergy.com
Slide 15: Appendix
Slide 16: Leviathan Bond Sponsor Financial Data Report
RTER ENDED Leviathan Bond Sponsor ee Total Offtake (8CM) 28 FinancialDataReport Leta overs 08 128 Loss Proceeds, if any, paid to Revenue Account - Sponsor Deposits, if any, into Revenue Account - Gross Revenues (before Royalties) 266,253 Overriding Royalties Statutory Royalties (30,333) (b) Third Pa
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