Navitas Petroleum LP · TASE:NVPT

Navitas Petroleum LP — Investor Presentation (August 2021)

12 slides from Navitas Petroleum LP's investor presentation, August 2021

  1. Slide 1: Shenandoah - Financial close

    Wee ee WZ EUM August 2021 TROL Shenandoah - Financial close ( NAVITAS OE

  2. Slide 2: Disclaimer

    This presentation was prepared by Navitas Petroleum Limited Partnership (hereafter – “Navitas” or the “Partnership”). This presentation does not purport to be comprehensive or to include all information that may be relevant in connection with making an investment decision in the Partnership’s securi

  3. Slide 3: US$907 million non-recourse project loan

    US$ 907,000,000 Led by Non-recourse loan for a period of 7 years Navitas’ share | $482 million Expected increase to $584 million Adjustable rate | LIBOR + 3.25% ‫ ועד‬LIBOR + 5.25% First withdrawal | close to end of 2022 (expected) Early Repayment without penalty 3

  4. Slide 4: Financing agreements signed

    53.1% $1.8 bn 206 Local Hub MMBOE Potential Financing At a total sum of Navitas Investment Selling agreements working to date 2C (net) services to signed $907 million interest (prior to Navitas nearby fields acquisition) Houston $1,398m $16 per BBL $8 per BBL $1.8 billion FID Breakeven Marginal Deve

  5. Slide 5: EBITDA, Income and Daily Production Forecast

    EBITDA Forecast Income Forecast Daily Production Forecast ‫מיליוני דולר‬ ‫מיליוני דולר‬ (BOE) ‫חביות‬ BOE/D 900 1,200 1,137 70,000 847 64,803 800 55 93 4,805 60,000 1,000 700 50,000 600 800 500 40,000 600 747 976 56,501 400 30,000 300 400 20,000 200 200 10,000 100 53 91 5,237 24 45 2,614 45 68 2,623

  6. Slide 6: Break even price per barrel

    1 ✓ ✓ ✓ By end of August 2021 Acquired from Signed with Setting up and Technip FMC Transocean Ltd. operating export pipeline of O&G $16 break even price per barrel2 1. See the forward looking information caveat in Slide 2 above. 2. Estimated development and production costs per barrel consider CAPEX

  7. Slide 7: 1. Including financial costs during development. 2. See the forward looking information caveat in

    1. Including financial costs during development. 7 2. See the forward looking information caveat in Slide 2 above.

  8. Slide 8: Issuance of participation units and preferred share

    Issuance of participation units – $150 million Issuance of preferred share – $60 million No voting rights Dividend distribution at the discretion of Navitas Option to partial redemption form July 2025 See the forward looking information caveat in Slide 2 above. 8

  9. Slide 9: Bond expansion, corporate loan and credit facility

    Expansion of Bonds (Series B) rated (-A) – approx. $50 million Corporate loan from international bank Credit facility from an International bank At a sum of approx. $50 million Interest Rate: LIBOR + 5.5 - LIBOR + 6.25 Early repayment without penalty Increase of project financing by additional $100

  10. Slide 10: Funding of Navitas' net portion of budget

    Cash deposited in an ad-hoc fiduciary account in favor of the operator; and/or - Irrevocable letters of credit for the operator for project expenditure In addition to – Sums guaranteed by the project financing agreements Navitas will be able to complement its net portion of the total budget until th

  11. Slide 11: Project Buckskin — Promised and Delivered!

    q Project Buckskin — Promised and Delivered! NAVITAS YY @ Buckskin July — Dec. 2017 June 2019 Nov. 2020 July 2021 PETROLEUM Issuing non-recourse project bonds at a sum o $201 million Y First oil — on schedule (within 18 months) and on budget v Early repayment of Series A v Repayment of Series B Expe

  12. Slide 12: Thank You!

    Thank You! For further information: Amit Kornhauser CFO Phone: +972-9-7883680 amit@navitaspet.com

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