Serica Energy : 2023 Interim Results 19 Sep 2023

A STRONGER BUSINESS

2023 Interim Results

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2023 Interim Results | 19 September 2023

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INTRODUCTION

MITCH FLEGG, CEO

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DIVERSIFIED PORTFOLIO DRIVING PERFORMANCE

Completed acquisition

of Tailwind Energy

Addition of

55.5 million boe

2P reserves

(1 January 2023)

Number of producing fields

doubled

Production rate nearly doubled

Production from combined

portfolio1 of 49 kboe/d

in 1H23

Gas/oil mix of 55:45

Strong financial

performance

1H 2023 Operating

cashflow £266 million

Closing net cash of £234

million including Tailwind

debt

Board composition

changed

New Chair David Latin

Increased diversity in the

Board - 27% women as of

17 July

Notes

1. On pro forma basis from 1 January 2023 to 30 June 2023

2023 Interim Results | 19 September 2023

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MORE RESILIENT PORTFOLIO OF ASSETS

55% gas, 45% oil in 1H 2023

2 production hubs

200+ staff	80% of production
In London, Aberdeen	operated by Serica
and offshore

Main production hubs have no overlap in transportation infrastructure

2023 Interim Results | 19 September 2023

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