Sunda Energy Plc · LSE:SNDA
Sunda Energy — Investor Presentation (April 2025)
18 slides from Sunda Energy's investor presentation, Apr 24, 2025
Slide 1: Building an Asian Gas Champion
Building an Asian Gas Champion Company Presentation April 2025 www.sundaenergy.com
Slide 2: Important Notice & Disclaimer
Important Notice & Disclaimer The information contained in this document (“Presentation”) has been prepared by Sunda Energy plc (the depend on circumstances that may or may not occur in the future. These forward-looking statements “Company”). The Company is a UK company quoted on AIM, a market opera
Slide 3: Introducing Sunda Energy Plc (SNDA.L) and its gas strategy
Introducing Sunda Energy Plc (SNDA.L) and its gas strategy Vietnam Sunda Energy is an independent E&P with a focus on gas in SE Asia and a key asset in Timor-Leste Thailand Cambodia Philippines Why Sunda and SE Asia? ✓ Robust energy demand growth ✓ Strong government alignment Brunei Bid blocks ✓ Mat
Slide 4: SE Asia Energy Demand and the Role of Gas
SE Asia Energy Demand and the Role of Gas New and existing coal-fired power plants SE Asia fuel for electricity generation PJ SE Asia expectations: ✓ GDP of major SE Asia economies to grow >3x by 2050 ✓ 186% increase expected in gas demand by 2050 ✓ By 2050, 40% of SE Asia’s power generation from ga
Slide 5: Timor-Leste Operating Environment and Government Alignment
Timor-Leste Operating Environment and Government Alignment ▪ Young, democratic republic, with major development challenges ▪ Economy dependent on Bayu Undan gas revenues (late life) and Petroleum Fund ✓ >80% GDP since independence from Bayu Undan ✓ 83% of 2025 state budget from Petroleum Fund ▪ Eage
Slide 6: Timor Sea gas fields, key players and infrastructure
Timor Sea gas fields, key players and infrastructure Timor-Leste Gas Assets Appraisal: Chuditch (Sunda): ✓ Now Timor-Leste 2nd largest field, appraisal planned Late-Life Production: Bayu Undan (Santos): ✓ Continues to produce gas and liquids after c.20 years Pre-Development: Sunrise (Woodside): ✓ On
Slide 7: Chuditch: A Material National Gas Asset
Chuditch: A Material National Gas Asset PSC TL-SO-19-16 Working Interests: ✓ Sunda 60% (op), TIMOR GAP 40% (to May 2025) ✓ Sunda 30% (op), TIMOR GAP 70% (from May 2025) Highlights ✓ Chuditch gas field discovered by Shell in 1998 ✓ 64m water depth, gas encountered at 2,890m subsea ✓ Reprocessed 3D se
Slide 8: Significant Gas Volumes Along Chuditch Ridge
Significant Gas Volumes Along Chuditch Ridge Greater Sunrise Saddle coincide nt with Chuditch GWC Eni Block P Bayu Undan (same scale) Chuditch NE gas Chuditch migration Chuditch-1 Chuditch SW Quokka Chuditch Top Plover Fm. Top Plover Fm. Depth Depth (m) (closure isopachs above spill) COMPANY PRESENT
Slide 9: High Impact Appraisal Drilling to Accelerate Development
High Impact Appraisal Drilling to Accelerate Development ✓ Plan to drill and test in early Q3 2025 ✓ Aim to validate resources and conduct flow test ✓ Appraisal 5.1 km from discovery, in 68m water ✓ 149m gas column expected (30m at Chuditch-1) Depth to Top Plover Reservoir COMPANY PRESENTATION | 8
Slide 10: Funding Chuditch-2 Drilling Campaign
Funding Chuditch-2 Drilling Campaign Gross proceeds of US$9.0 million ✓ Drill funding completed through raised through issuance of unsecured ✓ Sunda Energy retains a a combination of second phase redeemable convertible loan notes* material 30% working farmout to TIMOR GAP and a Funds to be drawn dow
Slide 11: Export Concept: Pipeline via Bayu Undan to Timor-Leste LNG
Export Concept: Pipeline via Bayu Undan to Timor-Leste LNG ✓ MOU signed with Ministry and TIMOR GAP, Dec 2024 ✓ Facilities Feasibility Study expected to complete May 2025 Timor-Leste LNG ✓ Simple phased development ✓ Gas export via pipeline to Bayu Undan, then to LNG facility on Timor-Leste ✓ Long t
Slide 12: New Business: Philippines Licence Round Applications
New Business: Philippines Licence Round Applications ✓ Sunda actively pursuing new gas assets in SE Asia, targeting material gas assets with low entry costs ✓ Applications in Philippines 1st Bid Round (BARMM) ✓ Applications in Joint Venture with 3 other companies ✓ Sunda expects to hold a 37.5% non-
Slide 13: Social Responsibility Initiatives in Timor-Leste
Social Responsibility Initiatives in Timor-Leste COMPANY PRESENTATION | 12
Slide 14: Sunda Energy Take-Aways
Sunda Energy Take-Aways Sunda Energy is an emerging Asian gas player ✓ Focus on assets that can supply gas to Asia-Pacific markets ✓ Experienced leadership and operating team based in region ✓ Pursuing impactful new business, e.g. Philippines Bid Round Timor-Leste and Chuditch ✓ Strong government al
Slide 15: Thank You
Thank You Contact Information UK Executive Office: Registered Office: Strategic Communications PO Box 404 2 Leman Street, Advisor: Hastings, TN34 9LF London, E1W 9US, Celicourt Communications United Kingdom United Kingdom Email: [email protected] T: +44 (0) 20 7770 6424 COMPANY PRESENTATION | 14
Slide 16: Annex: Timor-Leste TL-SO-19-16 PSC: Fiscal Terms
Annex: Timor-Leste TL-SO-19-16 PSC: Fiscal Terms Timor-Leste Offshore Gas Fields PSC Fiscal Terms 30% 5% 60% Corporate Royalty Contractor Taxes 100% 19.8% over 16.5% IRR Cost Supplementary Petroleum Tax Recovery TIMOR GAP Carry Rights 25% Carry TIMOR GAP 25% fully carried extends to first (plus 15%
Slide 17: Introductions: Sunda Energy Board and Management
Introductions: Sunda Energy Board and Management Executive Leadership Independent Governance and Guidance Dr Andy Butler Gerry Aherne CHIEF EXECUTIVE OFFICER / DIRECTOR INDEPENDENT NON-EXECUTIVE CHAIRMAN 28 years of experience in oil and gas, as a geologist, Extensive experience in insurance and fin
Slide 18: Glossary
Glossary Term Definition Denotes the low estimate qualifying as Contingent Resources. Reflects a volume estimate that there is a 90% probability that the quantities actually recovered will equal 1C or exceed the estimate Denotes the low estimate qualifying as Prospective Resources. Reflects a volume