Newmed Energy Limited Partnership · TASE:NWMD
Newmed Energy Limited Partnership — Debt Investor Presentation (September 2026)
23 slides from Newmed Energy Limited Partnership's debt investor presentation, September 2026
Slide 1: NewMed Energy September 2026
NEWMEDENERGY September 2026
Slide 2: Full E&P Value Chain Operation
2 Full E&P Value Chain Operation Tel-Aviv (TA-35) listed Evolution from Domestic to LP with a market cap of Key Regional player and c. $ 6.5 Billion Global expansion World class E&P Financial strength portfolio of assets, from based on robust Exploration through cash-flow and Development to economic
Slide 3: Production
3 Production
Slide 4: Leviathan – A Regional Energy Game Changer
4 Leviathan – A Regional Energy Game Changer ▪ Ownership NewMed Energy 45.34%, Ratio 15%, Chevron Corp. (operator) 39.66% ▪ 2P Reserves * 19.5tcf/ 553 bcm, 43 mmbbl condensate ▪ Produced from start up* 2.2 tcf/ 62.9 bcm, 5 mmbbl condensate ▪ Production Capacity 12 bcm/y 15.8bcm/y 21+ bcm/y (2019) (2
Slide 5: Leviathan – Contracts and Sales Breakdown
5 Leviathan – Contracts and Sales Breakdown Long term contractual structure with Take or Pay mechanism and limited commodity price risk IPP & Electricity Related Jordan - NEPCO Egypt - Blue Ocean • Aggregate contracted • 3.5 bcm/y with a Take or • Currently sales volume of ~ 2 Pay commitment bcm/y •
Slide 6: Leviathan Actual Sales by Market
6 Leviathan Actual Sales by Market 11.37 10.97 11.20 10.90 10.65 1.5 2.0 1.6 3.8 7.21 4.6 2.7 2.8 2.7 2.7 3.5 2.7 7.0 6.4 1.9 6.3 4.9 3.4 1.9 2020 2021 2022 2023 2024 2025 Egypt Jordan Israel
Slide 7: Robust Price Environment
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 Robust Price Environment Oct-22 Nov
Slide 8: NewMed's Leviathan - Actual Performance
8 NewMed ’s Leviathan - Actual Performance Leviathan 45.34% WI - Strong operating and financial results Net Production (BCM) Average Realised Price ($/mmbtu) 5.2 5.0 5.1 4.9 6.2 6.1 6.1 5.6 2022 2023 2024 2025 2022 2023 2024 2025 Revenue ($mm) EBITDA ($mm) $ Avg. opex ($/mcf) 1,144 1,094 1,136 1,011
Slide 9: Development
9 Development
Slide 10: Strategically located in the East Med
10 Strategically located in the East Med Leviathan is a key strategic asset addressing the region ’s immediate Energy needs An Island of Supply in a Sea of Demand Israel • Leviathan is key for the success of Israel ’s energy independence • Increased demand coupled with declining production. A growin
Slide 11: Egypt Gas Supply-Demand Balance
11 Egypt Gas Supply -Demand Balance A growing deficit amounting to 40-50 bcm/y of natural gas in the Egyptian gas market by the end of the decade 100 90 80 20 BCM/y 70 60 50 40 BCM/y 40 30 20 10 0 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 204
Slide 12: Israel Domestic Market Demand
12 Israel Domestic Market Demand ❑ Israeli market will require additional 5.3 bcm by 2035 2.5 3.5 19.2 0.6 0.3 2.7 4.3- 13.9 Organic Growth Energy Transition Population Growth Desalination Renewable Energy 2035 2024 Economic growth Coal phase -out Electrific Transportation Source : BDO consulting
Slide 13: Regional Connectivity
13 Regional Connectivity 1 INGL Ashdod-Ashkelon, EMG pipeline Debottleneck using Full capacity of EMG – 850mmcf/d – 3Q 2026 ▪ Leviathan capacity : 650mmcf/d – Completed Leviathan Connecting pipeline to Jordan transmission system 2 FAJR + compression – Additional 400 mmcf/d – 2H 2026 Cyprus LPP ▪ Lev
Slide 14: Leviathan Expansion
14 Leviathan Expansion ❑ Three new wells ❑ Sub -sea infrastructure Capex budget c. $ 2.4 B (100% Leviathan) ❑ 2 new processing trains on the Platform Production capacity 15.8 bcm/y 21+ bcm/y * Numbers for 100% Leviathan
Slide 15: Leviathan Expected Production (BCM/Y)
15 Leviathan Expected Production (BCM/Y) 1 Egypt 2 Jordan3 Israel 4 Poduction Capacity 22 20 18 16 14 12 10 8 6 4 2 0 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 1. 2020-2025 Actual Sales ; 2. Yellow: Egypt ACQ, light yellow: Egypt spot ;3
Slide 16: NewMed's Leviathan 2P Expected Cash Flow
16 NewMed ’s Leviathan 2P Expected C ash F low Leviathan ( 45.34%, $’mm) 2,600 2,300 2,000 1,700 1,400 1,100 800 500 200 -100 -400 -700 -1,000 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 Revenue Royalties OPEX CAPEX Levy Income Tax Cash Flow NewMed Energy Leviathan 2P
Slide 17: Cyprus - Aphrodite Project
17 Cyprus - Aphrodite Project Zone I may be ❑ Ownership modified NewMed Energy 30%, Shell 35%, Chevron Corp. (operator)35% ❑ 2C Resources * 3.53 tcf (100 bcm), 7.9mmbbl condensate ❑ Location 168 km south of Limassol, 1,700m water depth ❑ Expected Production Capacity up to 800 mmcf/d ❑ Target Markets
Slide 18: Finance
18 Finance
Slide 19: Net Financial Debt & LTV
19 Net Financial Debt & LTV ❑ Net Debt of $ 1,393mm* Net Debt LTV ❑ Undrawn Banks credit 1,737 facilities in the amount of $550 mm* available for 1,527 corporate needs 1,393 ❑ Strong balance sheet 1,241 1,234 supported by robust economic value of assets. 33% ❑ Low level of leverage entering a new 28
Slide 20: Strong Financial Position
20 Strong Financial Position C. $ 480 mm * yearly FCF from Leviathan, available for Debt Service $ 550 mm ** Undrawn Banks credit facilities $ 4,047 mm ** Total Assets on Balance Sheet *NewMed Energy Leviathan2P reserve and DCF, as of 31st December 2025, Average cash flow between 2026-2030 is $481.3
Slide 21: Offering Details
21 פרטי ההצעה סדרה ג' סדרה ב' אגרות חוב סטרייט סוג דולר ללא הצמדה ,שקלי קבוע הצמדה A1ע"י מידרוג דירוג פעמיים בשנה בסוף חודש יוני ודצמבר בשנים 2026-2034 תשלומי ריבית ( החל מדצמבר 2026ועד דצמבר )2034 6%ביום 31בדצמבר בכל אחת מהשנים 2027-2028 ▪ 12%
Slide 22: Disclaimer
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 presen
Slide 23: Thank You
Thank You NewMed Energy - IR Tel. +972 9 971 2421 IR@newmedenergy.com 23
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