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MAY 2015 CORPORATE PRESENTATION – Sprott Toscana

Sprott Toscana · May 15, 2015 · 24 slides

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Slides

  1. MAY 2015 CORPORATE PRESENTATION – Sprott Toscana – slide 1
    Toscana Energy Income Corporation May 2015
  2. MAY 2015 CORPORATE PRESENTATION – Sprott Toscana – slide 2
    Mandate Toscana is a public company currently trading on the TSX (TEI) with the mandate to acquire medium to long life oil & natural gas assets, unitized production and royalties for yield and capital appreciation. An…
  3. MAY 2015 CORPORATE PRESENTATION – Sprott Toscana – slide 3
    Mandate Toscana targets investment with the following characteristics: Operated and non-operated working interests, unitized interests and royalties Targeting a 50/50 oil/gas weighting Reserve life index greater than 8 years Key…
  4. MAY 2015 CORPORATE PRESENTATION – Sprott Toscana – slide 4
    Management Joseph Durante Chief Executive Officer Over 25 years of direct industry experience. Co-founder and Chairman of Ranchero Energy Inc., former Chairman of Ranchgate Energy Inc., Co-founder and Chairman of Fairmount Energy Inc.…
  5. MAY 2015 CORPORATE PRESENTATION – Sprott Toscana – slide 5
    Directors Donald D. Copeland Chairman Founder and past President of Codeco Engineering group, former Chairman of Upper Lake Oil and Gas Ltd. Director of several public and private oil and gas companies including Western Energy Services…
  6. MAY 2015 CORPORATE PRESENTATION – Sprott Toscana – slide 6
    Timeline Building a Solid Foundation Acquired assets Completed at Joffre, SE 5.1 million Sask and Hangingstone Disposed equity issue Marten Hills Minnehik Buck (10/share) from an acquisition on intermediate Lake Unit No. 1 on a…
  7. MAY 2015 CORPORATE PRESENTATION – Sprott Toscana – slide 7
    Building a Solid Foundation Continued. West Pembina, Bigoray and Strachan acquisition on Tony Creek Willisden Green October 18, acquisition on acquisition on May 1, 2012 for 17.3 November 6, 2012 2012 for 6.3 million. million…
  8. MAY 2015 CORPORATE PRESENTATION – Sprott Toscana – slide 8
    Building a Solid Foundation Continued. Moved from Venture WCSB Veredus exchange to acquisition on acquisition on TSX on April 3, 2013 for July 31, 2013 for November 22, 15.2 million 6.8 million 2013 February April June July…
  9. MAY 2015 CORPORATE PRESENTATION – Sprott Toscana – slide 9
    Building a Solid Foundation Continued. Sold interest in two TFIT acquisition. wells at Weyburn 2 million TEI for consideration of shares issued for 1.3 million. 29.5 million of assets. TFIT Generated return of assets consist of…
  10. MAY 2015 CORPORATE PRESENTATION – Sprott Toscana – slide 10
    Production Growth Production Growth 3,000 BOE/Day 2,500 2,000 BOE/day 1,500 1,000 500 0 2010-08 2010-12 2011-04 2011-08 2011-12 2012-04 2012-08 2012-12 2013-04 2013-08 2013-12 2014-04 2014-08 2014-12…
  11. MAY 2015 CORPORATE PRESENTATION – Sprott Toscana – slide 11
    Value added acquisition strategy (Million) Purchase Operating Net Cash Total Excess Total Price Cash Present flow Cash over Rate of Flow Value from Flow purchase Return Sale plus price NPV Joffre 8.60 4.03 22.70 26.73 18.13…
  12. MAY 2015 CORPORATE PRESENTATION – Sprott Toscana – slide 12
    Properties Alberta . Edmonton . Calgary Canada USA 13 Toscana Energy Income Corporation
  13. MAY 2015 CORPORATE PRESENTATION – Sprott Toscana – slide 13
    Royalty Lands 14 Toscana Energy Income Corporation
  14. MAY 2015 CORPORATE PRESENTATION – Sprott Toscana – slide 14
    Royalty Lands (continued) 15 Toscana Energy Income Corporation
  15. MAY 2015 CORPORATE PRESENTATION – Sprott Toscana – slide 15
    Corporate Production Graph Daily Company Gross Barrels of Oil Equivalent (BOE) Forecast 2,500 Proved Proved plus Probable Proved Developed Producing 2,000 1,500 BOE per DAY 1,000 500 - 2015 2017 2019 2021…
  16. MAY 2015 CORPORATE PRESENTATION – Sprott Toscana – slide 16
    Net Asset Value Proved (at December 31, 2014) + Probable Reserve Values PV 10% (1) (M) 140,676 Debt (2) (M) 27,603 Net Assets (M) 113,073 Common Shares ('000 Shares) 7,204 Net Asset Value ( / Share) 15.70 (1) Reserve Values…
  17. MAY 2015 CORPORATE PRESENTATION – Sprott Toscana – slide 17
    Sustainability 2014 2013 Proved + Proved + Proved Probable Proved Probable Reserves Volumes Company Gross MBOE 6,448 9,277 5,936 8,555 Net book value M 104,433 109,217 103,295 106,119 Capital Program Efficiency Including…
  18. MAY 2015 CORPORATE PRESENTATION – Sprott Toscana – slide 18
    Dividends DIVIDENDS PAID 0.45 Toscana Common 0.40 Toscana Preferred 0.35 0.30 Dividend Issued 0.25 0.20 0.15 0.10 0.05 0.00 Sep 30, Dec 31, Mar 31, Jun 30, Sep 30, Dec 31, Mar 31, Jun 30, Sep 30, Dec 31, Mar 31,…
  19. MAY 2015 CORPORATE PRESENTATION – Sprott Toscana – slide 19
    Capitalization Authorized March 31, 2015 Toscana Common Shares (number) Unlimited 7.2 million Convertible Debentures 20.0 million (TEI has option to redeem the convertible debentures in shares or cash at maturity on June 30,…
  20. MAY 2015 CORPORATE PRESENTATION – Sprott Toscana – slide 20
    Total Proved Plus Probable Reserves 9% 32% Light and Medium Oil Natural Gas Natural Gas Liquids 59% 21 Toscana Energy Income Corporation
  21. MAY 2015 CORPORATE PRESENTATION – Sprott Toscana – slide 21
    Financials Three months ended Year ended March 31, 2015 December 31, 2014 Average daily production (boe/d) 2,168 2,484 Petroleum and natural gas revenue, net of 4,994,078 39,608,974 royalties () Netback () 3,487,105 22,015,104…
  22. MAY 2015 CORPORATE PRESENTATION – Sprott Toscana – slide 22
    2015 Dividend Payout ratio (basic) -------------- GAS (AECO C / MCF) 1 2.75 3.00 3.25 3.50 3.75 50 87% 84% 81% 78% 75% 55 83% 80% 77% 74% 72% Oil US WTI 60 79% 76% 73% 71% 69% 65 75% 72% 70% 68% 66% 70 71% 69% 67%…
  23. MAY 2015 CORPORATE PRESENTATION – Sprott Toscana – slide 23
    Hedging Contracts Type Volume Price Index Term FY 2015 Swap 200 bbls/d C100.03/bbl CWTI Jan 2015 to Dec 2015 Swap 200 bbls/d C104.00/bbl CWTI Jan 2015 to Dec 2015 Swap 1,896 mcf/d C3.76/mcf AECO Jan 2015 to Dec 2015 Swap 1,896…
  24. MAY 2015 CORPORATE PRESENTATION – Sprott Toscana – slide 24
    Key Benefits of Toscana Proven management and fully aligned with shareholders Long life mature production base A track record of paying dividends on a sustainable basis Security of dividends through disciplined hedging program Tax…

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