Deutsche Rohstoff (DR0) AGM 2025 presentation summary

Strategic footprint and operations

• Operates in two major U.S. basins (Colorado and Wyoming) with four U.S. subsidiaries, focusing on oil and gas production as the primary business driver.

• Achieved strong operational development, with production rising to 14,721 BOEPD in 2024, a 15% increase over the previous year.

• Wyoming is the main production hub, contributing to a higher oil share (60%) in the product mix.

• Substantial investments (~EUR 400m over 2022-2024) have established a sustainable production plateau and reduced reinvestment needs.

• Continuous acreage consolidation (~70,000 acres) and infrastructure investments have improved efficiency and enabled multi-year planning.

Financial performance and shareholder returns

• Record revenue of EUR 235m (+20%) and EBITDA of EUR 168m (+6%) in 2024, both exceeding previous highs.

• Net profit declined to EUR 50m due to the absence of prior year special effects, but equity rose 27% to EUR 237.5m.

• Dividend proposal of EUR 2.00 per share and a EUR 4m share buyback for 2025, with a cumulative dividend yield of 5-5.4% since 2019.

• Share price has increased 186% since 2019, outperforming both oil prices and peer groups.

• Financial flexibility enhanced by a EUR 40m bond tap, reducing reliance on credit lines and maintaining stable net debt.

Operational efficiency and production growth

• CAPEX per well reduced by 20% since 2023, with average costs below USD 10m and best wells under USD 9m.

• Production per well increased, with 2024 wells expected to exceed 140 MBO in the first year (+10% vs. 2023).

• 2024 drilling program delivered 10 Niobrara B wells with 20% higher cumulative production after 7 months compared to type curve.

• Additional potential identified in Mowry, Teapot, and Turner formations, with over 100 future well locations.

• Own gas infrastructure minimizes flaring, supporting both cost and ecological efficiency.