SNGN Romgaz : Romgaz Presentation Q1 2022

ROMGAZ

Q1 2022 Results - Group Overview

May 2022

https://www.romgaz.ro/en/summary-results-and-presentation-investors

Disclaimer

Romgaz Group (Romgaz or Romgaz Group or The Company) consists of SNGN Romgaz SA as parent company, Filiala de Înmagazinare Gaze Naturale Depogaz Ploieşti SRL (subsidiary owned 100% by Romgaz SA), Depomureş SA (40% owned by Romgaz SA) and SC Agri LNG Project Company SRL (25% owned by Romgaz SA).

This document was prepared by SNGN Romgaz SA for the presentation of the Q/2022 Results (Q1 stands for the 1st Quarter).

This document is for your information only and all statements contained herein are related to intentions, assumptions and forecasts made by SNGN Romgaz S.A. or by its management. None of the information included herein shall be assumed as an invitation, an offer, a recommendation or an opinion expressed by SNGN Romgaz S.A. to subscribe, purchase or sell any securities. Also, this document and all information included herein shall not form the basis of any contract, investment decision or commitment whatsoever. This document and all information included herein shall not be treated as a consultancy or advice whatsoever.

This presentation is not an offer for sale of securities in the United States or any other jurisdiction. The Company's shares have not been and will not be registered under the US Securities Act of 1933 (the "Securities Act") or with any securities regulatory authority of any state or other jurisdiction of the US.

To the extent available, the industry, market and competitive position data contained in this presentation has come from official or third party sources. While the Company believes that each of these publications, studies and surveys has been prepared by a reputable source, the Company has not independently verified the data contained therein. Accordingly, undue reliance should not be placed on any of the industry, market or competitive position data contained in this presentation.

This presentation may include certain forward-looking statements, beliefs or opinions. No representation is made that any of these statements, beliefs or opinions will be achieved. There are a number of risks, uncertainties and factors that could cause actual results and developments to differ materially from those expressed or implied by these statements, beliefs or opinions. Past performance of the Company cannot be relied on as a guide to future performance.

This document does not purport to contain all information that may be necessary in respect of the Company or its securities and each person receiving this document should make an independent assessment.

Neither SNGN Romgaz S.A. nor its directors, management, employees and their consultancies can be held responsible for any losses or damages howsoever arising, directly or indirectly, from any use of this document or its contents.

All figures included in this presentation are rounded ("round to nearest" method).

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Contents

	page #
Gas market overview	4
ROMGAZ: Highlights	7
Main events / Fiscal framework applicable / Group developments in
Q1/2022
ROMGAZ: Group Overview	10
Main Activities	13
Financial Performance	23
Investments	26
Main Strategic Objectives / ROMGAZ Group Strategy 2021 - 2030	27
Dividend Distribution	32
Romgaz - Investment Case	33
The Board	34
Shareholder Structure and Stock Performance	35

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Gas market overview

Romania: among TOP gas producers & consumers in the region

ROMGAZ: Among top Gas Producers in the region1
		(2021 output, kboepd)
225
93	87
	62	52
		14

Source:

1. Companies' reports, Romgaz computation, Petrom: Romania+abroad,
   OMV excluding Petrom.
2. CEIC Data;

ROMANIA: 2nd Gas Consumer in CEE2

2.1			(2020, bn Cub ft/day)
	1.1
		1.0	0.8
				0.5	0.3
Poland	Romania	Hungary	Czech	Slovakia	Bulgaria
			Republic

Natural gas - important clean source of energy.

In the region:

• ROMGAZ - important gas producer
• ROMANIA - among top gas consumers in CEE !

4

Gas market overview

Romania: Prices on the Commodities Exchange 2022/2021, Market structure

Natural Gas Prices on BRM, Current Imports and CEGH (RON/MWh)

500

450

400

500

450

400 BRM - Commodities Exchange (gas forward & spot) Prices are shown in the month of delivery

350

300

350

300

Current Imports, all mkts in Romania

250

200

1. CEGH Day Ahead Market

150

100

150

100

All prices might include storage tariffs

50

0

J-21F-21M-21A-21M-21J-21J-21A-21S-21O-21N-21D-21J-22F-22M-22

50 Source: BRM - Romanian Commodities Exchange, ANRE Reports, CEGH data provided by ANRM

0

Gas producers in Romania (2021)

Final Consumption in Romania (2021)

3.7%

ROMGAZ

OMV Petrom

41.0%

55.3%

Others

34%

66%

Households consumption (exclude gas used in power-plants to provide central heating for households)

Industrial consumption

Source: ANRE Reports

Source: ANRE Reports

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