I have done some additional testing so I can provide some concrete numbers.
Testing environment: new MBP15" 2018 (i7, Radeon Pro 555X) with maximum battery-saving-settings: Wi-Fi off, Bluetooth on (for presentation remote), screen at ½ brightness, all programs off (including background stuff like Dropbox) except for Keynote running a static presentation (90% of idle time, i.e. showing the same slide).
Power draw was measured with "Coconut battery".
Power draw without external display is 3,83W with on-board Intel graphics and 11,21W when manually switched to dedicated Radeon graphics.
Thunderbolt (DVI) - MBP using 27” iMac2011 as a secondary display via Apple Thunderbolt 2 cable + Apple Thunderbolt 2 to Thunderbolt 3 dongle.
Power draw 23,55W, battery usage 22% per hour: MBP15 battery life approx. 4,5 hrs.
VGA - MBP15 using 37” 720p LG TV as a secondary screen via VGA cable + Apple VGA to Thunderbolt 3 dongle.
Power draw 20,47W, battery usage 23,5% per hour (38% in 98 min), MBP15 battery life approx. 4,25 hrs.
HDMI 720p - MBP15 using 37” 720p LG TV as a secondary screen via HDMI cable + generic HDMI to Thunderbolt 3 dongle.
Power draw 19,56W, battery usage 24.5% per hour (21% in 51 min), MBP15 battery life approx. 4 hrs.
HDMI 4K UHD - MBP15 using 65” UHD 4K TCL TV as a secondary screen via HDMI cable + generic HDMI to Thunderbolt 3 dongle.
Power draw unknown, Battery usage 35% per hour (41% in 70 min), MBP15 Battery life approx. 3 hrs.
The above results testify that the amount of energy drained depends less on the type of connection (VGA, HDMI, DVI/Thunderbolt) as it does on the type of the display it is driving. 4K UHD HDMI was twice as power hungry as 720p.
Best case scenario for using brand new fully charged MBP2018 for a presentation (lots of talking and just a few slides; every imaginable power saving option enabled) with typical projector (HDMI or VGA, up to 1080p HD) will give you up to 4,25 hrs of autonomy. In my experience more realistic scenario (Wi-Fi enabled, screen brightness at 75%, presentation with normal amount of slides) will give you about 3,5 hrs. When driving 4K UHD TV, MBP's autonomy is drastically reduced: 3 hrs is the maximum, realistic scenario is closer to 2 hrs. If you are playing a movie, even less so. Choose your movie wisely, or better, look for a power outlet before you start the presentation.
Why is this so and can anything be done about it?
From the above I draw the following conclusions. Using any sort of externel display with Thunderbolt MBP drains significant amount of battery. Idle computer draws at least 500% more energy with external display. This is regardless of the technology used, thus debunking the hypothesis that DVI/Thunderbolt is superior in situations with static images since in theory it only refreshes when needed.
The fact that any MBP's with dedicated graphic card automaticaly switches to it when connected to any type of external display is half of the problem. Idle MBP2018 draws 292% more energy (about 8W) when the dedicated Radeon graphic card is manually switched on. This means that should Apple in some future upgrade enable driving external displays from the embedded graphics it could make a noticeable improvement.
The other half of the battery drain is, it would seem, down to the Thunderbolt technology. A Thunderbolt dongle is not just a cable. In order to be able to handle all sorts of trafic (video, audio, data, power) it employs 2 controler chips, one at the entry point and the second at exit. It would seem that driving these two controllers for video draws about 10W from a MBP regardless of what's hooked to the dongle.
To sum up, a modern MBP used as presentation notebook is average at best. I have no doubts that Thunderbolt-ish technology is the way of the future but to MBP owners of today it brings dongles (which we knew when we bought the MBP) and apparently shorter battery life (which, at least to me, came as surprise). If giving presentations is the most important part of what you are using your notebook for (and are unwilling or unable to look at non-Apple products) look in the direction of MacBook Air or even an iPad. My veteran iPad Air2 with battery health at around 85% will deliver about 5 hrs of lively Keynote presentations via Apple Lightning to VGA dongle, so about 140% of what my brand new MBP is capable of.