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Q4 2013 Earnings Call – Energy XXI Gulf Coast, Inc

Energy XXI Gulf Coast, Inc · Aug 21, 2013 · 19 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. Q4 2013 Earnings Call – Energy XXI Gulf Coast, Inc – slide 1
    FY2013 Fourth Quarter Conference Call August 21, 2013 Houston, Texas NASDAQ: EXXI AIM: EXXI www.energyxxi.com
  2. Q4 2013 Earnings Call – Energy XXI Gulf Coast, Inc – slide 2
    John D. Schiller Chairman and CEO
  3. Q4 2013 Earnings Call – Energy XXI Gulf Coast, Inc – slide 3
    Proved Reserves: A History of Oil Growth 200 7000 5-Year PV-10 CAGR: 179 180 Natural Gas MMBOE 55% 6000 Oil MMBOE 160 PV-10 45 5-Year Proved 140 5000 Reserve CAGR: 120 36% 120 117 4000 100 35 3000 Steady Increase in Oil 80 76…
  4. Q4 2013 Earnings Call – Energy XXI Gulf Coast, Inc – slide 4
    FY13 Year-End Proved Reserves 0 200 16 179 180 13 1 160 47 140 120 120 MMBOE 100 16 80 60 40 20 0 June 30, 2012 (-) Production + Additions + Acquisitions (+) Revisions (-) Reclassified PUDs June 30, 2013…
  5. Q4 2013 Earnings Call – Energy XXI Gulf Coast, Inc – slide 5
    Proved Value and Reserves by Field FY12 Proved Reserves FY13 Proved Reserves 120 (MBOE) 179 (MBOE) WD 73 Other Other 17 WD 73 ST 21 34 28 14% 45 6 19% 23% 25% 3% ST 21 8 MP Area 6% ST 54 29 21 24% MP Area ST 54 12% 30 7…
  6. Q4 2013 Earnings Call – Energy XXI Gulf Coast, Inc – slide 6
    FY13 Year-End 3P Reserves 3P Reserves Detail 06-30-12(1): 3P Reserves PV-10 MMBOE %Oil POSS POS PDP 0.8 120 Proved 71% 40.7 62.5 46 Probable 57% PRB PROB 41 Possible 34% PROV 46.0 1.5 PUD 4.3 37.9 PDN 19.2 206 MMBOE 6.6…
  7. Q4 2013 Earnings Call – Energy XXI Gulf Coast, Inc – slide 7
    3P Horizontal Additions Make an Impact Future Development Costs Proved Well Counts 1.50 Billion Horizontal 61 Possible Vertical Proved 22 Horizontal Possible 540 Million Probable Vertical (10.80/BOE) Vertical 130 Million 30…
  8. Q4 2013 Earnings Call – Energy XXI Gulf Coast, Inc – slide 8
    Undeveloped Locations by Major Field 152 Wells Well Type Other West Delta 73 41 28 Horizontal 30% West Delta 30 31 Vertical Main Pass 70% 20 South Tim 23 Grand Isle 9 PUDs, Probable and Possible Well Locations…
  9. Q4 2013 Earnings Call – Energy XXI Gulf Coast, Inc – slide 9
    Starting to Capture the Next 5% 1,000 Year-over-Year Proved Oil Forecast Increased by 57 MMBO Net Daily Gross Oil Production, MBOPD 100 (Operated only) 10 Daily gross oil rate (operated leases), MBOPD YE2012 Oil…
  10. Q4 2013 Earnings Call – Energy XXI Gulf Coast, Inc – slide 10
    West Griffin Chief Financial Officer
  11. Q4 2013 Earnings Call – Energy XXI Gulf Coast, Inc – slide 11
    Operating Data per BOE Quarter Ended 12/31/11 3/31/12 6/30/12 9/30/12 12/31/12 3/31/13 6/30/13 Revenue (MM) 340.6 336.0 341.9 270.2 320.5 303.8 314.3 MBO/d 30.6 31.4 32.2 26.1 29.4 28.6 28.9 MBOE/d 42.7 45.3 47.6 37.3 44.6 43.5…
  12. Q4 2013 Earnings Call – Energy XXI Gulf Coast, Inc – slide 12
    Share Repurchase Value Creation Category1 (in MMs except per unit amounts) PV-10 /Share2 55.18 Proved Developed Reserves 3,554 40.52 Proved Undeveloped Reserves 2,596 29.60 Net Debt3 (1,311) (14.95) Total Proved NAV 4,839 55.18 Effect…
  13. Q4 2013 Earnings Call – Energy XXI Gulf Coast, Inc – slide 13
    John D. Schiller Chairman and CEO
  14. Q4 2013 Earnings Call – Energy XXI Gulf Coast, Inc – slide 14
    Development Focused Capital Program FY14 Capital Budget 660 MM 82% of capital program Seismic 35 P&A 31 is directed towards G&A, Land 54 development Facilities 82 Ultra Deep 46 76% of uplift capital is Core Exploration 80…
  15. Q4 2013 Earnings Call – Energy XXI Gulf Coast, Inc – slide 15
    FY 2014 Drilling Inventory and Schedule West Delta 73 Main Pass Vermilion West Delta 30 Big Sky 3 Kojak Monte Carlo 2 Merlin* = Stricker* Hulk Hammer Don Lino Pendragon* Sea Dart Gunn Sabinal Don Carlos Crusader Scully Mannix…
  16. Q4 2013 Earnings Call – Energy XXI Gulf Coast, Inc – slide 16
    Q&A
  17. Q4 2013 Earnings Call – Energy XXI Gulf Coast, Inc – slide 17
    A Compelling Investment Proposition 179 MMBOE of Proved Reserves, 75% oil, PV-10 of 6.2 Billion Low-Risk Development, Delivering Oil-Weighted Double-Digit Growth High-Impact Exploration, with the Right Partners Sizable Current…
  18. Q4 2013 Earnings Call – Energy XXI Gulf Coast, Inc – slide 18
    EXXI Trades at Discount to NAV 83.35 Category1 PV-10 /Share2 Proved Developed Reserves 3,554 42.21 56.77 Proved Undeveloped Reserves 2,596 30.83 54% Discount Net Debt3 (1,370) (16.27) Total Net Proved Value 4,780 56.77 26.70…
  19. Q4 2013 Earnings Call – Energy XXI Gulf Coast, Inc – slide 19
    Contact Stewart Lawrence, IRO Greg Smith, Director of IR Energy XXI Energy XXI 1021 Main Street, Suite 2626 1021 Main Street, Suite 2626 Houston, Texas 77002 Houston, Texas 77002 713.351.3006 713.351.3149 slawrenceenergyxxi.com…

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