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CAPP OIL & GAS INVESTMENT SYMPOSIUM – Freehold Royalties Ltd.

Freehold Royalties Ltd. · Jun 15, 2011 · 11 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. CAPP OIL & GAS INVESTMENT SYMPOSIUM – Freehold Royalties Ltd. – slide 1
  2. CAPP OIL & GAS INVESTMENT SYMPOSIUM – Freehold Royalties Ltd. – slide 2
    CAPP Investment Symposium June 2011 Freehold Profile (TSX: FRU) Focused on oil and gas royalties (western Canada) Capitalization 60 million shares outstanding 65 million net debt obligations 1.3 billion enterprise value…
  3. CAPP OIL & GAS INVESTMENT SYMPOSIUM – Freehold Royalties Ltd. – slide 3
    CAPP Investment Symposium June 2011 What Makes Freehold Unique 1 Focused on oil and gas royalties (mineral titles and GORRs) 2 Low cost royalty advantage = low capex versus peers 3 Large, diversified land base with upside…
  4. CAPP OIL & GAS INVESTMENT SYMPOSIUM – Freehold Royalties Ltd. – slide 4
    CAPP Investment Symposium June 2011 Low Costs = High Netbacks Source: CIBC World Markets 7 Low Capital Requirements Sector Average: 47% Freehold Cumulative: 9% * See non-GAAP Source: measures. CIBC World…
  5. CAPP OIL & GAS INVESTMENT SYMPOSIUM – Freehold Royalties Ltd. – slide 5
    CAPP Investment Symposium June 2011 Strategies for Value Creation 1 Free Drilling by 200 industry operators on our royalty lands 2 Investing capital to develop our properties 3 Pursuing acquisitions, with a focus on…
  6. CAPP OIL & GAS INVESTMENT SYMPOSIUM – Freehold Royalties Ltd. – slide 6
    CAPP Investment Symposium June 2011 Top Royalty Payors/Operators SABRE Energy Ltd. Top 30 payors account for over 88% of royalty revenue. 11 Exposure to Resource Plays 40% of the royalty wells drilled in 2010…
  7. CAPP OIL & GAS INVESTMENT SYMPOSIUM – Freehold Royalties Ltd. – slide 7
    CAPP Investment Symposium June 2011 2011 Capital Investment 28 million 45 (15 net) wells Major focus Southeast Saskatchewan 20 (10 net) wells Bakken Frobisher-Alida 13 SE Saskatchewan Focus Area Bakken wells…
  8. CAPP OIL & GAS INVESTMENT SYMPOSIUM – Freehold Royalties Ltd. – slide 8
    CAPP Investment Symposium June 2011 Accretive Royalty Acquisitions Initial Production Cost Acquired Year Area millions boe/d 1997 PRL 22 700 2001 Southeast Saskatchewan 25 800 2005 Petrovera (CNRL) 352 3,750 2007…
  9. CAPP OIL & GAS INVESTMENT SYMPOSIUM – Freehold Royalties Ltd. – slide 9
    CAPP Investment Symposium June 2011 High Payout Ratio* 82% average payout ratio * See advisory regarding non-GAAP financial measures. 17 Monthly Dividend Currently 0.14/share (1.68 annually) Based on after-tax cash…
  10. CAPP OIL & GAS INVESTMENT SYMPOSIUM – Freehold Royalties Ltd. – slide 10
    CAPP Investment Symposium June 2011 Investment Performance Cumulative Value, 10 Initial Investment (distributions/dividends reinvested) FRU: 1,223% Cumulative Total Return * 2011 YTD to May 31. 19 Annual Cash-on-Cash…
  11. CAPP OIL & GAS INVESTMENT SYMPOSIUM – Freehold Royalties Ltd. – slide 11
    CAPP Investment Symposium June 2011 Low Risk Profile 1 Focused on oil and gas royalties (low costs, high netbacks) 2 Low risk marketing strategy (no hedging) 3 Conservative balance sheet (low debt to cash flow…

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