Serica Energy PLC · LSE:SQZ
Serica Energy — Cavendish Energy Conference (November 2026)
11 slides from Serica Energy's conference presentation, November 2026
Slide 1: Cavendish Energy Conference
Cavendish Energy Conference Diversified production, funded growth, and sustainable returns November 2026 Contributing responsibly towards meeting the world's energy needs through the safe and efficient production of hydrocarbons
Slide 2: A leading UK North Sea Company
A leading UK North Sea Company 44,700 c.65,000 • Sixth largest UK producer, operating assets that deliver over 10% of UK gas production boepd boepd H1 2026 production Exit rate end 2026 • 25 producing fields, from West of Shetland to the Southern North Sea • 138 mmboe of 2P reserves and 113 mmboe of
Slide 3: Consistent delivery of accretive growth and returns
Consistent delivery of accretive growth and returns Five-years of steady increase in reserves and resources (MMBOE) 113 88 2P 2C 30 140 138 22 118 77 62 YE'21 YE'22 YE'23 YE'24 YE'25 Production c.22,000 boepd | 5 fields ~3x growth in daily production c.65,000 boepd | 25 fields End-2026 Prax Upstream
Slide 4: Robust production uplift, material cash generation
Robust production uplift, material cash generation Production 70 • H1 2026 production of 44,700, up 81% year-on-year Bruce Hub (KBOEPD) 60 Triton Hub • Material increase, predominantly due to higher portfolio 50 Other Producing Assets West of Shetland uptime and the addition of production from newly
Slide 5: Ongoing commitment to predictable and material shareholder returns
Ongoing commitment to predictable and material shareholder returns Shareholder returns attributable to calendar year 25 (p/share) • Serica targeting dividends of 15-30% of post-tax CFFO • Enables delivery of attractive and sustainable shareholder returns 20 • Retains necessary flexibility to allocat
Slide 6: $685 million liquidity provides funded growth capacity
$685 million liquidity provides funded growth capacity Liquidity ($ MILLION) • Robust pro forma liquidity position of $685 million as of $685 million 30 September 2026 458 • Completion of $300 million five-year Nordic bond in May Undrawn RBL - 7.875% 5 Year bullet maturity Cash - Unsecured, no upstr
Slide 7: Growing production, generating value
Growing production, generating value Potential production additions • Ability to grow and sustain material cash-generative (KBOEPD) 90 production • Potential for annual production of over 50,000 boepd into 80 2030, just from 2P reserves 70 • Low-risk, short-cycle developments 60 - Bruce infill drill
Slide 8: Rig contract signed for rapid-return drilling programme
Rig contract signed for rapid-return drilling programme • Organic growth drilling programme set to begin in Q3 2027 - Short-cycle projects with the potential to add 30,000 boepd 34 mmboe of incremental production undeveloped 2P reserves and 2C - Supporting annual average production of over 50,000 re
Slide 9: Main Market move completed – FTSE 250 inclusion expected
Main Market move completed – FTSE 250 inclusion expected • Move to Main Market of the London Stock Exchange completed on 27 October • After 20 years on AIM, move to the Main Market reflects the scale and maturity of the business • Continued ambition to deliver long-term value for shareholders throug
Slide 10: Well positioned to continue delivering value for shareholders
Well positioned to continue delivering value for shareholders Highly cash generative producer with a platform for growth Rigorous capital allocation approach on high-return short-cycle organic growth opportunities Funded future growth Material and sustainable dividends 9
Slide 11: For further information contact
For further information contact: [email protected] 10
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