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3Q 2015 Earnings Review – Chesapeake Energy Corp

Chesapeake Energy Corp · Nov 4, 2015 · 12 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. 3Q 2015 Earnings Review – Chesapeake Energy Corp – slide 1
    3Q15 EARNINGS November 4, 2015
  2. 3Q 2015 Earnings Review – Chesapeake Energy Corp – slide 2
    3Q15 FINANCIAL AND OPERATIONAL RESULTS ADJ. EARNINGS/FDS ADJ. EBITDA PROD. and G&A EXP. (0.05) 560mm 9% YOY 4.88/boe(1) ADJ. PRODUCTION LIQUIDS MIX(3) ADJ. OIL PRODUCTION 3% YOY (2) 28% of total production 4% YOY (2)…
  3. 3Q 2015 Earnings Review – Chesapeake Energy Corp – slide 3
    NEAR-TERM STRATEGY Maximize Improve Use operating Preserve liquidity margins and capital cash flow flexibility as generation a strength capability Amended credit Restructure Optimize base Enhance field facility midstream…
  4. 3Q 2015 Earnings Review – Chesapeake Energy Corp – slide 4
    FINANCIAL STABILITY MAXIMIZING LIQUIDITY Proactively working to increase liquidity Amended credit facility agreement maturing in 2019 Noncore divestitures expected to total 200 300mm by 1Q16 Maintaining capital discipline during…
  5. 3Q 2015 Earnings Review – Chesapeake Energy Corp – slide 5
    FINANCIAL STABILITY CREDIT FACILITY AMENDMENT Financial security and flexibility Operational flexibility Borrowing base confirmed at Reduced commitments and 4.0 billion continually improving capital efficiency positions Chesapeake…
  6. 3Q 2015 Earnings Review – Chesapeake Energy Corp – slide 6
    OPERATIONAL LEADERSHIP Enhanced base production of Development teams extending existing assets technological limits with operations Generated an additional 7 mmboe program net YTD Drilled the longest laterals(1) in each Focused…
  7. 3Q 2015 Earnings Review – Chesapeake Energy Corp – slide 7
    PORTFOLIO STRENGTH AND FLEXIBILITY Natural Gas Break-Even (PV-10) (1) Oil Break-Even (PV-10) (2) 3.50 60.00 3.00 50.00 2.50 40.00 2.00 30.00 1.50 20.00 1.00 10.00 0.50 0.00 0.00 HAYNESVILLE UTICA DRY UTICA WET…
  8. 3Q 2015 Earnings Review – Chesapeake Energy Corp – slide 8
    CHESAPEAKES STRATEGIC SCORECARD Credit facility maturing in 2019; Covenants restructured in light of Maximize liquidity low commodity prices Restructure Finalized new gas gathering agreements in the Haynesville and midstream…
  9. 3Q 2015 Earnings Review – Chesapeake Energy Corp – slide 9
    APPENDIX 3Q'15 EARNINGS 10 10
  10. 3Q 2015 Earnings Review – Chesapeake Energy Corp – slide 10
    RECONCILIATION OF ADJUSTED EARNINGS PER SHARE ( in mm) Three Months Ended: 9/30/2015 9/30/2014 Net income available to common stockholders (4,695) 169 Adjustments, net of tax: Unrealized (gains) losses on commodity derivatives 58…
  11. 3Q 2015 Earnings Review – Chesapeake Energy Corp – slide 11
    RECONCILIATION OF ADJUSTED EBITDA ( in mm) Three Months Ended: 9/30/2015 9/30/2014 Cash provided by operating activities 318 1,184 Changes in assets and liabilities 158 109 (1) Operating cash flow 476 1,293 Net income (4,639)…
  12. 3Q 2015 Earnings Review – Chesapeake Energy Corp – slide 12
    CORPORATE INFORMATION HEADQUARTERS PUBLICLY TRADED SECURITIES CUSIP TICKER 6100 N. Western Avenue 3.25% Senior Notes due 2016 165167CJ4 CHK16 Oklahoma City, OK 73118 6.25% Senior Notes due 2017 027393390 N/A WEBSITE: www.chk.com 6.50%…

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