Quality Assets. Disciplined Management. Corporate Presentation www.sanchezpp.com March 2015
SPP Investment Highlights Integrated through Services Agreements with Sanchez Oil & Gas Corp. (SOG) At 12/31/14: Successful Market Cap: 40 MM Conversion to MLP Successful oil and gas company with a robust Enterprise Value: 79 MM…
SPPs Corporate Transition 2015+ 2015 Identify/Pursue Acquisitions and Other Opportunities Q1 2015 Identify/Pursue Acquisitions and Raise Capital Other Opportunities Q3 2014 Converted from LLC to GP/LP Q2 2014 Completed…
SPPs Corporate Vision Production growth achievable primarily through acquisitions, which may source from: SOGs operational platform and service relationships Growth Joint bid opportunities identified by SOG Rightsized transactions…
SOGs Operational Platform Sanchez Oil & Gas Corporation (SOG) provides a robust, full service oil and gas operational platform Experienced Management: senior management team averages over Sanchez Oil & Gas 20 years of industry…
SPPs Growth Potential SOGs Operational Joint Bid RightSized Platform and Service Opportunities Transactions w/Other Relationships Identified By SOG Third Parties SOG provides services to SOG has managed five SPPs rightsized…
SPPs Acquisition Strategy SPPs acquisition strategy is focused on mature oil and gas properties with stable, longlived production, shallow decline rates, and minimal maintenance capital requirements Acquisitions are an important part…
SPP Asset Base Sanchez Production Partners LP SPP Legacy Assets Cherokee Basin operated and nonoperated assets were acquired in three separate transactions in 2007 Assets include SPPs concession agreement with the Osage Nation…
Financial Overview 10 2015 Sanchez Production Partners LP
SPP Financial Position As of ( in 000s unless noted) Dec. 31, 2014 Cash & Cash Equivalents 4,238 Borrowing Capacity 27,500 = Borrowing Base 70,000 Debt Outstanding 42,500 Total Liquidity 31,738 = Borrowing Capacity 27,500 +…
Recent Financial Results Q414 vs. Q314 Q414 vs. Q413 ( in 000s unless noted) Q414 Q314 Q414 Q413 Production (MBOE) 374 380 374 387 Oil & Gas Sales 14,499 15,802 14,499 17,455 Gain (Loss) from MarktoMarket Activities 17,547 5,594…
Operating Highlights (1) (2) (2),(3) 13 (1) Excludes hedge settlements, gains (losses) on marktomarket activities, and other revenue (2) 2014E based on the midpoint of SPPs 2014 forecast issued in Mar14 (3) Includes lease…
Hedge Program (1) SPP intends to hedge a high percentage of PDP for up to five years SPP looks to hedge a high percentage of acquired production at closing, with additional hedges added over time SPPs hedge strategy primarily…
Appendix 15 2015 Sanchez Production Partners LP
NonGAAP Financial Measures Use of NonGAAP Financial Measures: EBITDA and Adjusted EBITDA are nonGAAP financial measures that are reconciled to their most comparable GAAP financial measure under Reconciliation of NonGAAP Financial…
Reconciliation Items Reconci l i a ti on of N et Incom e ( Los s ) to A dj us ted EBIT DA ( i n 000s ) Y T D14 Q414 Q314 Q214 Q114 Y T D13 Q413 N et i ncom e ( l os s ) 9,503 11,798 5,655 (5,011) (2,939) (25,857) (13,066) Interes…
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