ENERGEAN - PRESENTATION TO ISRAELI לארשיןאי גרנא ...

1

ENERGEAN - PRESENTATION TO ISRAELI COMPETITION AUTHORITY

AUGUST 2020

ישראליאן'אנרגלוועדה המיוחדת לעניין הקרן לאזרחי ישראל מצגת

2021נובמבר

2

ENERGEAN GROUP AT A GLANCE

2

TRADED IN FLAGSHIP INDICES LSE (FTSE 250) AND TASE

EAST MED. FOCUSED

GAS FOCUSED

MORE THAN 620 EMPLOYEES, 23 NATIONALITIES

3 3

Rolling Short-Term Emissions Intensity Target

1 Net zero is defined as the balance of emitted/removed GHG gases, as required by the Paris Agreement. Currently only in respect to Scope 1 & 2 emissions; Scope 3 under evaluation2 Previous 2021 guidance was 21 kgCO2e/boe ** Industry average – Wood Mackenzie

22.2

17.9

13.4

8.57.7 7.3

0

5

10

15

20

25

2020 proforma

2021 2022 2023 2024 2025

Carbon intensity scope 1 and 2 (kgCO2e/boe) based on working interest production from operated sites

15% below

previous

2021

guidance2

Industry average

COMITTED TO NET ZERO

85% Carbon Intensity Reduction Targeted by 2023 Versus Our 2019 Base

4

KARISH PROJECT – LAYOUT

4* Updated 2021

5 5

KARISH PROJECT – ON TRACK

Energean Power FPSO

2019-2022

FPSO construction, Singapore

Q1 2022

Sail away from Singapore to Israel

Q2 2022

Hook-up, pre-first gas commissioning

Mid 2022

Karish first gas

6

ISRAEL PROVEN NATURAL GAS RESERVES

6

Chevron

Chevron

7

Natural Gas Operators in Israel – COMPARISON

225 Billion

2 billion

0

50

100

150

200

250

Chevron Corporation Energean PLC

* Based on USD/NIS exchange rate 3.1** Market cap, Nov 11 2021

CHEVRON91%

ENERGEAN9%

ISRAEL TOTAL RESERVES (BCM, BY OPERATOR)

Other fields Karish-Tanin

Market Cap (USD)

8

ENERGEAN ISRAEL - EVOLUTION

8

2016 2018-2019 2022 2026

Acquisition of Karish-

Tanin Reservoirs*

Final Investment

Decision (FID)

Oil & Gas Levy

(Shashinski) payment

IPO – London (LSE)

Listed on TASE (TA-35)

1st Bid Round: Blocks

12,21,22,23,31

First Gas

________________________________________________________* Acquired from Noble-Delek partnership under the regulatory framework

** The first exploration drilling performed in Israel since 2013

2nd Bid Round: Blocks

55, 56, 61,62

Exploration – Karish

North Discovery

9

ENERGEAN’S APPROACH TOWARDS THE LOCAL COMMUNITY

9

Etgarim Spring Run, 2021

Beach cleaning, Michmoret, 2020

Tokyo games 2020

11

-THANK YOU-