Getting Back to Winning Vision Encana Corporation First Quarter 2014 Results Strategy May 13, 2014 Goal
Year to Date Highlights Forward Momentum Continues Allocated 80% of Q1 capital to core growth plays Announced acquisition of 6th core growth play in Eagle Ford Portfolio Announced asset sales of 2.3B expected gross proceeds…
Focusing Our Business Portfolio Transition Rapidly Underway Replacing natural gas production with high-margin liquids Addition of Eagle Ford as 6th core growth play Announced 3.1 billion acquisition of immediately self-funding oil…
Q1 in Review Strategy Delivering Results Q1 2014 Q1 2013 % Ch Total Cash Flow (MM) 1,094 579 89 - per share, diluted 1.48 0.79 87 Operating Earnings (MM) 515 179 188 - per share, diluted 0.70 0.24 192 Capital Investment (MM) 511 715…
Cash Flow & Cost Improvements Key Operational Drivers - Q1 2014 Focus on operational excellence Deep Panuke ran at 85% utilization and contributed 395 million to operating cash flow Increase in liquids volumes 56% y-o-y increase…
Financial Strength Liquidity Supports Execution of Strategy 2014 capex + dividends aligned with cash flow Guidance indicates 300 million of free cash flow in 2014 Investment grade credit rating S&P revised outlook to Stable from…
Updated 2014 Guidance Capital Discipline Maintained 2014F Total Cash Flow (B) 2.9 3.0 - per common share, diluted (/sh) 3.90 4.05 Capital Investment (B) 2.4 2.5 Natural Gas (MMcf/d) 2,450 2,650 Oil & Field Condensate (Mbbls/d) 35…
Core Growth Play Update May 2014 Strong Results Across The Portfolio Well performance continues to exceed expectations by 20% DJ Basin Drilling costs down 5 -15%, depending on lateral length 6 rigs currently running Longer laterals,…
Base Asset Optimization Strong Performance, Increasing Returns Focus across all fields on base optimization projects to offset PDP declines Well recompletions Artificial lift initiatives Tubing installation projects Sour gas…
Encana Corporation Disciplined Focus on Profitable Growth Leading North American oil and gas resource play company High quality rocks Vision Scale and running room Operational excellence Portfolio optionality Disciplined focus on…
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