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NOVEMBER 2013 CORPORATE PRESENTATION – Crescent Point Energy Corp.

Crescent Point Energy Corp. · Nov 8, 2013 · 19 slides

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Slides

  1. NOVEMBER 2013 CORPORATE PRESENTATION – Crescent Point Energy Corp. – slide 1
    CORPORATE PRESENTATION November 2013
  2. NOVEMBER 2013 CORPORATE PRESENTATION – Crescent Point Energy Corp. – slide 2
    TSX: CPG 2013 Exit Production: 124,000 boe/d (91% oil weighted)(1) Netback: 51.75/boe(2) Yield: 7.2% yield(3) Annual Dividend: 2.76/share Payout: 53%(4) Enterprise Value: 17.1 billion(3)(5) Debt to Cash Flow: 1.0 times P+P Reserves: 608.8…
  3. NOVEMBER 2013 CORPORATE PRESENTATION – Crescent Point Energy Corp. – slide 3
    Q3 HIGHLIGHTS Record production of 117,963 boe/d, more than 18,000 boe/d (18%) growth over Q3 2012 Surpassed 2013 exit rate of 119,000 boe/d in September on approximately 250 million less capital than planned Record cash flow of…
  4. NOVEMBER 2013 CORPORATE PRESENTATION – Crescent Point Energy Corp. – slide 4
    UPWARDLY REVISED GUIDANCE Increased capital expenditures by 200 million - Expected to be fully funded through forecast increased funds flow from operations Increased annual average production guidance to 119,000 boe/d - 21% growth…
  5. NOVEMBER 2013 CORPORATE PRESENTATION – Crescent Point Energy Corp. – slide 5
    200 MILLION INCREMENTAL CAPITAL Facilities, Area Incremental Wells Land, Seismic Viewfield Bakken 32.1 68 million SE Sask/MB/ND Bakken 3.3 132 million Shaunavon 7.0 Other 9.6 Total 52.0 Drilling & Completions 5,000 boe/d…
  6. NOVEMBER 2013 CORPORATE PRESENTATION – Crescent Point Energy Corp. – slide 6
    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…
  7. NOVEMBER 2013 CORPORATE PRESENTATION – Crescent Point Energy Corp. – slide 7
    FOCUSED RESERVE BASE Key Value Highlights: 25-stage cemented liner completion technique being further refined in the Bakken; lowering declines and reducing water consumption 45% per well Waterflood performance in both Viewfield and…
  8. NOVEMBER 2013 CORPORATE PRESENTATION – Crescent Point Energy Corp. – slide 8
    VIEWFIELD BAKKEN OIL RESOURCE PLAY 1,935 locations in drilling inventory 1,000 additional locations from infill drilling(1) 4.6 billion barrels OOIP with only 2.3% recovered to date(2) 2,300 gross wells on production, 125…
  9. NOVEMBER 2013 CORPORATE PRESENTATION – Crescent Point Energy Corp. – slide 9
    LOWER SHAUNAVON OIL RESOURCE PLAY 1,875 locations in drilling inventory 1,000 additional drilling locations through infill drilling(1) 4.3 billion bbls OOIP with 0.8% recovered to date(2) Approximately 600 gross wells on production,…
  10. NOVEMBER 2013 CORPORATE PRESENTATION – Crescent Point Energy Corp. – slide 10
    UINTA BASIN OIL RESOURCE PLAY Uinta Basin future drilling locations Crescent Point Lands Randlett Vertical Type Well Economics(5): 1,000 locations identified on Crescent Point Production (bbl/d) Production (bbl/d)…
  11. NOVEMBER 2013 CORPORATE PRESENTATION – Crescent Point Energy Corp. – slide 11
    BAKKEN AND LOWER SHAUNAVON WATERFLOOD UNIT APPROVALS Possible waterflood reserve upside of 374 million bbls(1) Technical unit approval for Stoughton Unit in the Viewfield Bakken Waterflood Approval of the Leitchville North Voluntary…
  12. NOVEMBER 2013 CORPORATE PRESENTATION – Crescent Point Energy Corp. – slide 12
    11 YEARS OF RESERVES GROWTH 2012 Proved(1) P+P(1) 650 Reserves Reserves 600 550 (P+P MMboe) Oil & NGLs 366.5 557.1 500 (MMbbls) 450 Natural Gas 400 203.1 310.4 (bcf) 350 300 Boe (MMboe) 400.4 608.8 250 200 150 14.0 year…
  13. NOVEMBER 2013 CORPORATE PRESENTATION – Crescent Point Energy Corp. – slide 13
    LARGE OIL IN PLACE RESOURCE PLAYS 18.6 2.8% 1.18 194% Billion bbls Recovered Billion bbls possible Possible reserves OOIP(1) to date reserves(2) increase(2) 805.8 million bbls possible reserves through low risk infill drilling and…
  14. NOVEMBER 2013 CORPORATE PRESENTATION – Crescent Point Energy Corp. – slide 14
    LOW RISK/HIGH RETURN INVENTORY Total Capital(1) Total Reserves(2) Production Rate Risked F&D Risked per Area Net Wells (MM) (Mboe) (boe/d) (3) (/boe) Producing Boe(3) Resource Plays Bakken 2,835 10,079 449,748 540,250 22.41 18,656…
  15. NOVEMBER 2013 CORPORATE PRESENTATION – Crescent Point Energy Corp. – slide 15
    2013 UPWARDLY REVISED PRODUCTION GUIDANCE 120,000 Production Oil & NGLs (bbls/d) 108,167 110,000 (Boe/d) 100,000 90,000 Gas (mcf/d) 65,000 80,000 70,000 60,000 TOTAL (boe/d 6:1) 119,000 50,000 40,000 30,000 20,000 10,000…
  16. NOVEMBER 2013 CORPORATE PRESENTATION – Crescent Point Energy Corp. – slide 16
    HEDGING STRATEGY Oil Hedges 72% 59% Provide greater stability to dividends 29% 19% 2% Over 60,000 bbl/d of rail capacity 18,500 bbl/d of fixed WTI price differentials for the remainder of /boe 2013 provide stability…
  17. NOVEMBER 2013 CORPORATE PRESENTATION – Crescent Point Energy Corp. – slide 17
    2013 CASH FLOW FORECAST Cash Flow 2,200 Cash Flow Cash Flow: 2.0 billion(1) 2,000 (MM) 1,800 (5.20/share) 1,600 Dividend: 1.1 billion 1,400 1,200 (2.76/share) 1,000 2013 Capital: 1.7 billion 800 600 400 Operations 200 0…
  18. NOVEMBER 2013 CORPORATE PRESENTATION – Crescent Point Energy Corp. – slide 18
    SUMMARY Proven management team Proven track record of reserves, production and cash flow growth 5-year weighted average F&D of 17.34/boe(1) Excellent balance sheet 3-year hedging program to provide cash flow stability Projected…
  19. NOVEMBER 2013 CORPORATE PRESENTATION – Crescent Point Energy Corp. – slide 19
    LARGE OIL IN PLACE Possible Reserves(3) Independent Analog Pools (Net Incremental to OOIP (1) Recovery Recovery Recovery P+P Reserves Property Horizon (Mmbbls) to Date Factor P+P (2) Factor Mmbbls) Viewfield Bakken 4,600 2.3% 9.4%…

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