August 4, 2023

2Q23 Earnings Presentation

Disclaimer

This document contains certain statements and information relating to Enauta that reflect current vision and/or expectation of the Company and its management concerning its business performance and in future events. Certain statements and information are based on estimates, projections, they indicate or imply results, performance or future achievements, and may contain words, such as "believe", "estimate", "expect", "envisage", "probably will result" or other similar words or expressions. These statements are subject to various risks, uncertainties and assumptions.

We warn that several relevant factors may cause actual results to significantly differ from plans, objectives, expectations, estimates and intentions expressed herein, so that we cannot guarantee that projections or conclusions mentioned herein will occur and/or be materialized. Under no circumstances shall the Company or its board members, officers, representatives or employees be liable towards any third party (including investors) for decision or acts of investment or business made based on information and statements contained herein, nor for indirect damages, loss of profit or similar event.

The Company does not intend to provide shareholders with a review of statements or analysis of differences between statements and actual results, as well as does not undertake to update or review this presentation upon new information and/or future events.

This presentation does not contain all the information required for a complete evaluation of investments in the Company. Each investor should make their own evaluation, including related risks, in their investment- related decision.

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2Q23 Highlights

  • Test new accumulation Atlanta NE, with resources-in-place exceeding 230 million barrels of oil
  • Acquisition of FPSO Atlanta by Yinson, initiating the charter agreement
  • Changes in Management: five independent members on the Board of Directors and new CFO and IRO
  • Revenue of R$420 million, with a gross margin of 42.6%
  • EBITDAX of R$319 million, with an EBITDAX margin of 75.9%
  • Total cash position of R$ 1,703 million and net cash of R$ 359 million
  • Total investment of $144 million in Atlanta, progressing on schedule

3

Atlanta: 1 year for 1st oil

Important de-risking milestones

Well #5

Ratify potential productivity > 15,000 bbl/d

Purchase of

FPSO Atlanta

by Yinson

Production

Atlanta NE

Production

resume

well #4

pilot well

resume

well #5

4Q23

3Q23

FPSO Atlanta

Petrojarl I

Installation and wells

Decommissioning

connection

Capacity

Installation of the

50 thousand

bbl/d

new subsea

4Q24

pumping (M.P.P.)

3Q24

2Q24

1Q24

1st Oil FPSO

Atlanta

2023 Reserves

Certification

1Q23

2Q23

Schedule maintenance FPSO Petrojarl I

Conclusion of Wells

#6 e #7

Atlanta's Anchoring start

New oil trading model for FPSO Atlanta

4

Atlanta: subsea deliveries

Christmas trees, production lines and umbilicals

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Enauta Participações SA published this content on 04 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2023 13:05:06 UTC.