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March 2014 Corporate Presentation – Crescent Point Energy Corp.

Crescent Point Energy Corp. · Mar 14, 2014 · 21 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. March 2014 Corporate Presentation – Crescent Point Energy Corp. – slide 1
    CORPORATE PRESENTATION March 2014
  2. March 2014 Corporate Presentation – Crescent Point Energy Corp. – slide 2
    2013 YEAR END: SUCCESSFUL DUAL-TRACK GROWTH PLAN Dual-track growth driven by successful drilling program as well as advancing waterflood programs and cemented liner completions that grow production at a reasonable pace while lowering…
  3. March 2014 Corporate Presentation – Crescent Point Energy Corp. – slide 3
    TSX: CPG NYSE: CPG 2014 Exit Production: 135,000 boe/d (90% oil weighted)(1) 2014 Funds Flow: 5.59/share (7.2 times trading multiple)(2)(3) Netback: 59.00/boe(2) Yield: 6.9%(4) Annual Dividend: 2.76/share Payout Ratio: 49%(1) Market…
  4. March 2014 Corporate Presentation – Crescent Point Energy Corp. – slide 4
    BUSINESS STRATEGY Develop and exploit Increase recovery factors through infill drilling, waterflood optimization and improved technology Acquire Focus on high-quality, large resource-in-place pools with production and reserves…
  5. March 2014 Corporate Presentation – Crescent Point Energy Corp. – slide 5
    HEDGING STRATEGY Oil Hedges 70,000 80% 65% 60,000 70% 50,000 60% Provide greater 35% 50% stability to dividends bbl/day 40,000 40% 30,000 21% 30% 20,000 20% 10,000 4% 10% 70,000 bbl/d of rail - Q1 14 Q2 14 Q3 14 Q4…
  6. March 2014 Corporate Presentation – Crescent Point Energy Corp. – slide 6
    FOCUSED GROWTH 18 billion bbls OOIP(1) Low recovery to date of 2.8% 7,100 high quality drilling locations(2) Potential to increase reserves by 800 Mmbbls through increasing recovery factor(3) Cemented liner technology Lower…
  7. March 2014 Corporate Presentation – Crescent Point Energy Corp. – slide 7
    UPSIDE POTENTIAL OF LARGE OIL IN PLACE Potential Reserves(3) Independent Analog Pools (Net Incremental to OOIP (1) Recovery Recovery Recovery P+P Reserves Play (Mmbbls) to Date Factor P+P (2) Factor Mmbbls) Bakken 4,600 2.9% 10.1%…
  8. March 2014 Corporate Presentation – Crescent Point Energy Corp. – slide 8
    INVENTORY FOR THE LONG TERM 1 Mmboe/d of production additions if current inventory drilled today (2) (1) 960,000 7,100 Low risk/high rates of return Potential to increase from infill drilling and advancing technology (5)…
  9. March 2014 Corporate Presentation – Crescent Point Energy Corp. – slide 9
    CREATING LONG TERM VALUE BY ADVANCING TECHNOLOGY 3 TWP Area in Viewfield Core(3) 2007 Surgifrac: 3.4MM NPV10 Value Well EUR(1) NPV10(2) ROR(2) 2013 Cemented Liner: 10.4MM NPV10 Value Completion Type Count (mbbl) (M) (%) 600% ROR…
  10. March 2014 Corporate Presentation – Crescent Point Energy Corp. – slide 10
    VALUE CREATION: BAKKEN Bakken Waterflood Value Creation (B) Combined Purchase Price 2.8 Total Capital Spent to Date(1) 2.9 Total Cost(1) 5.7 Total Cash Flow to Date(1) 4.6 Current P+P NPV10%(1)(2)(3) 7.3 Total Value at Present(1)(2)…
  11. March 2014 Corporate Presentation – Crescent Point Energy Corp. – slide 11
    HIGH QUALITY ASSETS 3 year avg reserves per share growth plus dividend yield = 13%(1) 20,000 Original Oil In Place (Mmbbls) 700 Historical P+P Reserves (Mmboe) 16,000 600 500 12,000 400 8,000 300 200 4,000 100 0 0 2002 2003…
  12. March 2014 Corporate Presentation – Crescent Point Energy Corp. – slide 12
    PROVEN TRACK RECORD 3 year avg production per share growth plus dividend yield = 13%(1) Historical Production boe/d Forecast 2014 exit of 135,000 140,000 boe/d(2) 120,000 100,000 Top quartile netback of 80,000 60,000 59.00/boe(3)…
  13. March 2014 Corporate Presentation – Crescent Point Energy Corp. – slide 13
    BUILDING CASH FLOW STRENGTH 3 year avg funds flow per share growth plus dividend yield = 20%(1) Payout Ratio - Diluted 2.40 Historical Funds Flow (billions) 90% 2.00 80% 70% 1.60 60% 1.20 50% 40% 0.80 2004 2005 2006…
  14. March 2014 Corporate Presentation – Crescent Point Energy Corp. – slide 14
    SUMMARY Proven management team Proven track record of reserves, production and cash flow growth 5-year weighted average F&D of 17.91(1) Excellent balance sheet 3-year hedging program to provide cash flow stability Balance sheet…
  15. March 2014 Corporate Presentation – Crescent Point Energy Corp. – slide 15
    APPENDIX
  16. March 2014 Corporate Presentation – Crescent Point Energy Corp. – slide 16
    VIEWFIELD BAKKEN OIL RESOURCE PLAY 1,700 net locations in drilling inventory(1) 25-stage cemented liner completion technique is reducing water consumption by up to 45% per well and lowering declines 4.6 billion bbls OOIP with…
  17. March 2014 Corporate Presentation – Crescent Point Energy Corp. – slide 17
    SHAUNAVON OIL RESOURCE PLAY 1,800 net locations in drilling inventory(1) 25 stage cemented liner technology from Bakken being implemented in Shaunavon 5.3 billion bbls OOIP with 0.8% recovered to date(2) 600 gross wells on…
  18. March 2014 Corporate Presentation – Crescent Point Energy Corp. – slide 18
    UINTA BASIN OIL RESOURCE PLAY Uinta Basin future drilling locations Crescent Point Lands Randlett Vertical Type Well Economics(5): Production Production 1,000 net locations identified on Crescent Point lands(1) (bbl/d)…
  19. March 2014 Corporate Presentation – Crescent Point Energy Corp. – slide 19
    LOW RISK/HIGH RETURN INVENTORY Risked per Total Capital(1) Total Reserves(2) Production Rate Risked F&D Producing Area Net Wells (MM) (Mboe) (boe/d) (3) (/boe) Boe(3) Resource Plays Bakken/Three Forks 2,787 9,696 422,985 472,011…
  20. March 2014 Corporate Presentation – Crescent Point Energy Corp. – slide 20
    ACQUISITION HISTORY: RESERVES MORE THAN DOUBLED Initial P+P Estimated Current P+P Total P+P Reserves Production Reserves Reserves Increase in P+P % Increase in Property (Mboe) (Mboe)(1) (Mboe)(1)(2) (Mboe)(1) Reserves (Mboe) Reserves…
  21. March 2014 Corporate Presentation – Crescent Point Energy Corp. – slide 21
    8 BILLION OF VALUE CREATED Total Gain (Cash Current P+P Total Cash flow + flow + P+P Purchase Capital Spent Total Cost Total Cash Flow NPV10% P+P NPV10% NPV10 Cost) Property Price (M)(1) (M)(1) (M)(1) to Date (M)(1) (M)(1)(2)(3)…

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