Newmed Energy Limited Partnership · TASE:NWMD
Newmed Energy Limited Partnership — Q3 2022 Earnings Presentation
16 slides from Newmed Energy Limited Partnership's earnings presentation, Nov 24, 2022
Slide 1: 3Q 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: Key Highlights
oooo Key Highlight 34 quarter average production - c. 1,116.3 MMcf/d (206.6 Mboe/d) Continued robust price environment — 34 quarter blended price of $6.44 MMbtu Pick demand in the regional Markets - Updating FY 2022 sales forecast upwards to 11.2 Bem Business combination Agreement with Capricorn Ene
Slide 4: Key Third Quarter Financial Metrics
Key Third Quarter Financial Metrics (smm) _ Sales EBITDA Net Profit 248.0 3555 2303 1664 1698 3180 1974 282.2 1032 ] | 3019 3020 30.1 30.22 3019 © 3020 3021 30.22 3019 30.20 30.21 30.22 Net Profit before income tax EBITDA calculated as Operating profit + Deprecation and Amortization I Including 22%
Slide 5: Net profit before tax bridge Q3 2021 to Q3 2022
11.2 410 P| 107.6 price per mmbtu Net profit before tax Q3.2021 change in quantities Net Profit before tax in 30.2021 excluding $59mm of discontinued operation (Tamar WI) 29.4 Net Financeial Expense “14 operating expence -14.0 Ofek write off 169.8 Net profit before tax Q3.2022
Slide 6: Production Summary
Production Summary. Average Price ($/mmbtu) 6.44, Average Price ($/mmbtu) 5.31 * Production Summary for Leviathan 100%
Slide 7: 140. 8.00 120. 6.00 100. 80. 4.00 60. 40. 2.00 20. 0. 0.00
140. 8.00 120. 6.00 100. 80. 4.00 60. 40. 2.00 20. 0. 0.00
Slide 8: Connecting pipeline to Jordan transmission system
Se connecting pipelifle to Jordan transmission system Mediterranean Sea oc ° Leviathan INGL Ashdod-Ashketon pipeline EMG pipeline Platform Arab gas pipeline, connecting Egypt & Jordan Jordan LING site Existing pipeline Under construction and planned pipeline
Slide 9: Leviathan Expansion
NN Leviathan Expansion Q As part of the promotion of Phase 1B for the increase of the maximum production capacity to approx. 2.1 BCF/d, the Leviathan partners are examining the acceleration of an investment in a third subsea gathering line from the wells to the platform. Q_ In that context the possi
Slide 10: Balance Sheet
Balance Sheet Summary (mm Assets: Current assets: Cash and cash equivalents Short-term investments Trade receivables Trade and other receivables Current taxes receivable Assets held for sale (Note 4) Non-current assets: Investments in oil and gas assets Investment in a company accounted for at equit
Slide 11: Bonds and cash position
3,500,000 3,000,000 2,500,000 2,000,000 1,500,000 1,000,000 500,000 0 30/09/2021 31/12/2021 30/09/2022 mSeries A mTamar Bond mLeviathan Bond Cash, Cash equivalent and short-term investment as of 30/09/2022 - $344 mm
Slide 12: Income statement
NA 021 Revenues From natural gas and condensate sales 318,041 243,240 882,537 Net of royalties 53,189 36,569 128,758 Revenues, net 264,852 206,671 753,779 Expenses and costs: Cost of natural gas and condensate production 29,047 28,073 118,382 Depreciation, depletion and amortization expenses 46,695
Slide 13: Dividend and Buy Back
Dividend. and Buy Back Q_ According to the published Buy Back plan, the partnership has purchased Levithan Bond notes in an amount of c. $59mm to date Q_ The partnership has declared a $50mm profit distribution to unitholders Dividend Distributions + (mm) 2019 2020 2021 2022YTD Dividend Distribution
Slide 14: NewMed Energy - IR
s Med Energy- IR aa Tel. +97299712421 —— = < IR@newmedenergy.com
Slide 15: Appendix
Slide 16: Leviathan Bond Sponsor Financial Data Report
Leviathan Bond Sponsor FinancialDataReport Gas sales from July ist 2022 until September 30st 2022 for 100% of the Leviathan partners on an accrual basis. 30.09.20 UANTITY/ACTUAL AMOUNT. (IN USD$ 900) Total Offtake (@CM) 3.0 Leviathan Revenues (100%) 702,316 Loss Proceeds, if any, paid to Revenue Acc
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