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November 2015 Investor Presentation – Peyto Exploration & Development Corp

Peyto Exploration & Development Corp · Nov 17, 2015 · 48 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. November 2015 Investor Presentation – Peyto Exploration & Development Corp – slide 1
  2. November 2015 Investor Presentation – Peyto Exploration & Development Corp – slide 2
    The Peyto Strategy What We Believe PEYTO Exploration & Development Corp. N We believe natures gas is the fuel for the future. N We believe we can make a real profit by being the lowest cost, most efficient producer in the…
  3. November 2015 Investor Presentation – Peyto Exploration & Development Corp – slide 3
    The Peyto Strategy How We Do It PEYTO Exploration & Development Corp. Invest in our own ideas Build it ourselves Operate it ourselves Focus on maximum return Stay concentrated, lean & efficient 4 11/25/2015
  4. November 2015 Investor Presentation – Peyto Exploration & Development Corp – slide 4
    The Peyto Strategy Superior Shareholder Returns PEYTO Exploration & Development Corp. 60 700,000 14 50 12 40 Shareholder IRR 10 30 8 Future strip 20 6 10 4 1,000 0 2 1998 1999 2000 2001 2002 2003 2004 2005…
  5. November 2015 Investor Presentation – Peyto Exploration & Development Corp – slide 5
    The Peyto Strategy 15th 19982013 Profitably Grow Our Assets Production Growth Reserves Growth PDP FD&A Operating Costs (MMcfe/d/mm sh) (2P Bcfe/mm sh) (/Mcfe) w/transportation (/Mcfe) 2.95 1087 2.88 20.8 2.35 0.54 2.39 2.22…
  6. November 2015 Investor Presentation – Peyto Exploration & Development Corp – slide 6
    The Peyto Strategy Counter Cyclical Growth Per Share PEYTO Exploration & Development Corp. liq prod/share gas prod/share Production per Unit or Share (boe/d per million) 700 AECO Forecast (/GJ) 15 75 AECO (/GJ) 2015 YE…
  7. November 2015 Investor Presentation – Peyto Exploration & Development Corp – slide 7
    Peyto Profile PEYTO Exploration & Development Corp. N TSX Listing: PEY N Shares Outstanding: 159 million, 4% insiders (as of Feb. 5/14) N Monthly Dividend: 0.11/share N Current Production: 0.6 BCFe/d (100,000 boe/d,…
  8. November 2015 Investor Presentation – Peyto Exploration & Development Corp – slide 8
    Peytos Profitable Business PEYTO Exploration & Development Corp.
  9. November 2015 Investor Presentation – Peyto Exploration & Development Corp – slide 9
    Peytos Profitable Business 15th 19982013 Build it for less than we sell it PEY 2015 YTD PEY 2014 Land/Acq 13MM Seismic 8MM Drilling 312MM PDP FD&A /mcfe (1.80)* (2.25) Compl. Wellsite Facilities 183MM 54MM 120MM 690MM…
  10. November 2015 Investor Presentation – Peyto Exploration & Development Corp – slide 10
    Peytos Profitable Business Profitable Even Through The Lows PEYTO Exploration & Development Corp. AECO Monthly 10 Peyto Realized Gas Price (/mcfe) /GJ 37% Ave. Profit Cum To Date 8 6 Bonus 1.60 4 Cash Costs…
  11. November 2015 Investor Presentation – Peyto Exploration & Development Corp – slide 11
    Peytos Profitable Business Profitability Challenges for the Canadian Gas Industry PEYTO Exploration & Development Corp. 2015 H1 PDP FD&A 2014 2013 /mcfe (2.47) (3.09) 2012 (2.93) (3.43) 2011 20101 (3.68) (3.11) Cash…
  12. November 2015 Investor Presentation – Peyto Exploration & Development Corp – slide 12
    Peytos Profitable Business Competitive In The North American Marketplace PEYTO Exploration & Development Corp. 13 11/25/2015
  13. November 2015 Investor Presentation – Peyto Exploration & Development Corp – slide 13
    Peytos Profitable Business Profitability By Basin - 2014 PEYTO Exploration & Development Corp. 100% Deep Basin PEY 2014 80% Marcellus Cabot 2014* 64% Fay/36% Mar SWN 2014** PD FD&A /mcfe (2.25) (0.97) (2.91) Cash Costs /mcfe…
  14. November 2015 Investor Presentation – Peyto Exploration & Development Corp – slide 14
    Peytos Unique Assets PEYTO Exploration & Development Corp.
  15. November 2015 Investor Presentation – Peyto Exploration & Development Corp – slide 15
    Peytos Assets Geographically Focused Core Areas PEYTO Exploration & Development Corp. 450,000 net acres R10 R5W6 R27 R22 R17 9 operated R12 R7W5 gas plants Cutbank ---(730 mmcf/d net capacity) 1600+ km pipelines 1200+…
  16. November 2015 Investor Presentation – Peyto Exploration & Development Corp – slide 16
    Peytos Assets Deep Basin Permeability Segregation PEYTO Exploration & Development Corp. Ante Ck FOOTHILLS STRUCTURES Elmworth GAS AS ING INCRE BILITY EA PERM WATER Kaybob TRANSITION ZONE WATER Kakwa GAS Gas INCREAH…
  17. November 2015 Investor Presentation – Peyto Exploration & Development Corp – slide 17
    Peytos Assets Multi Zone Stacked Sandstone Reservoirs PEYTO Exploration & Development Corp. Detailed Petrophysical work on the Spirit River sands revealed 30% more reserves per section Up to per section* 18…
  18. November 2015 Investor Presentation – Peyto Exploration & Development Corp – slide 18
    Peytos Assets Production By Formation PEYTO Exploration & Development Corp. 100,000 90,000 80,000 70,000 38% 60,000 BOE/D Wilrich 50,000 40,000 15% Notikewin 30,000 22% Falher 20,000 12% 10,000 Cardium 7%…
  19. November 2015 Investor Presentation – Peyto Exploration & Development Corp – slide 19
    Peytos Assets Deep Basin Lands Go A Long Way PEYTO Exploration & Development Corp. 500 Peyto Lands 438 450 Net Lands (000's acres) 400 350 300 250 200 150 Net Peyto Sections 100 50 - Net Sections of Cardium,…
  20. November 2015 Investor Presentation – Peyto Exploration & Development Corp – slide 20
    Peytos Assets 3-Dimensional Land Base Holds Large Potential PEYTO Exploration & Development Corp. Cardium (357,618 net acres) 9.5% of land developed in 466 Vt/Hz producers (70 acres/well) 4.4% of land booked in 176 Hz locations…
  21. November 2015 Investor Presentation – Peyto Exploration & Development Corp – slide 21
    Peytos Assets Large Hz MSF Inventory PEYTO Exploration & Development Corp. To Do Done1 Total Total Hz Hz Locations Total Total Locations Unbooked Vertical Hz Booked* Wells Wells 31 432 72 176 387 5 1 5 13 1 20 14 90…
  22. November 2015 Investor Presentation – Peyto Exploration & Development Corp – slide 22
    Peytos Assets Spirit River Group Potential Land Expiries PEYTO Exploration & Development Corp. AB Land Sales 5 yr Term 6,000,000 5,000,000 4,000,000 24 Month Expiries 3,000,000 Earliest Expiry Date 2,000,000 out to…
  23. November 2015 Investor Presentation – Peyto Exploration & Development Corp – slide 23
    Peytos Assets Greater Sundance Area PEYTO Exploration & Development Corp. F F F F F FF F AF FCF FF C F FFFF FF F FF F G G FA F F FF FAAF F G F C F A FF GF F F G CG L LI C G A FF AF F FF A F FAF AF AAF FAF AAF F F AFAAFA F AF…
  24. November 2015 Investor Presentation – Peyto Exploration & Development Corp – slide 24
    Peytos Assets Brazeau River Area PEYTO Exploration & Development Corp. F G J F C L F G A G VK A EG K E K C E EV F VF A F U UF UA F F F J C F G EEE V DCACF EC V VC E F U F GK CU F G GU E U K G J C KC FAF G Brazeau…
  25. November 2015 Investor Presentation – Peyto Exploration & Development Corp – slide 25
    Peytos Assets Facility Ownership And Control PEYTO Exploration & Development Corp. R9 R4W6 R26 R21 R16 R11 R6W5 Cutbank Waskahigan W Chicken T60 W Smoky/Kakwa Cutpick Leland/Berland Oldman North T55 Wildhay W W Nosehill W…
  26. November 2015 Investor Presentation – Peyto Exploration & Development Corp – slide 26
    Peytos Assets Lowest Operating Costs Gas Producers PEYTO Exploration & Development Corp. How We operate Full facilities No water No sour Chemical recycle Nat gas fuel Flat for Continuous 8 yrs innovation 27 BOE…
  27. November 2015 Investor Presentation – Peyto Exploration & Development Corp – slide 27
    Peytos Assets Drilling Cost Performance PEYTO Exploration & Development Corp. Greater Sundance Hz Spirit River 5,000 40 4,409 4,500 34.5 4,268 4,299 4,227 4,252 4,152 4,155 35 Drill & Case Cost / Depth 4,066 3,999 4,000…
  28. November 2015 Investor Presentation – Peyto Exploration & Development Corp – slide 28
    Peytos Assets Completion Cost Performance PEYTO Exploration & Development Corp. Monthly Average Completion Costs 2,000,000 300,000 Total Completion Cost 2014 Avg. = 1.7 MM 1,800,000 250,000 1,600,000 -35% 1,400,000…
  29. November 2015 Investor Presentation – Peyto Exploration & Development Corp – slide 29
    Peytos Assets 2015 - A Better Year PEYTO Exploration & Development Corp. 2015 program results to date 30 11/25/2015
  30. November 2015 Investor Presentation – Peyto Exploration & Development Corp – slide 30
    Peytos Assets 2015 Why The Better Results PEYTO Exploration & Development Corp.
  31. November 2015 Investor Presentation – Peyto Exploration & Development Corp – slide 31
    Peytos Incredible Returns PEYTO Exploration & Development Corp.
  32. November 2015 Investor Presentation – Peyto Exploration & Development Corp – slide 32
    Peytos Returns Focus On Returns Drives Capital Discipline PEYTO Exploration & Development Corp. 2015 - 12,000/boe/d 100,000 2014 - 16,800/boe/d 900 2013 - 15,100/boe/d 2012 - 17,600/boe/d 2015F Exit 100,000 boe/d Annual…
  33. November 2015 Investor Presentation – Peyto Exploration & Development Corp – slide 33
    BT IRR, % -50 -40 -30 -20 -10 0 10 20 30 40 50 60 70 80 90 100 00/10-30-054-21W5/0 03/13-24-055-22W5/0 00/12-05-055-21W5/0 02/01-05-055-21W5/0 02/01-28-054-21W5/0 00/03-10-048-17W5/0…
  34. November 2015 Investor Presentation – Peyto Exploration & Development Corp – slide 34
    Peytos Returns Stress Testing Low Commodity Prices PEYTO Exploration & Development Corp. Species IP NGLs EUR D/C/E/T/L IRR Oct IRR Number of /S/F 22/15 Strip 2.00/GJ 2016 mmcfd bbl/mmcf BCFE MM Flat Locations Sundance Wilrich…
  35. November 2015 Investor Presentation – Peyto Exploration & Development Corp – slide 35
    Peytos Returns High Returns On Your Capital And Equity PEYTO Exploration & Development Corp. 60% 12 50% 10 40% 8 30% 6 16 yr Average ROE 19% 20% 4 13% 10% 2 0% 0 Return On Capital Employed (%) Return On Equity (%)…
  36. November 2015 Investor Presentation – Peyto Exploration & Development Corp – slide 36
    Peytos Future PEYTO Exploration & Development Corp.
  37. November 2015 Investor Presentation – Peyto Exploration & Development Corp – slide 37
    2016 Outlook More for less PEYTO Exploration & Development Corp. Drill 130-145 Hz Wells (100% Hz-MSF, Liquids Rich Natural Gas) Expand & Extract Increase Processing Capacity & NGL Yield 95 mmcf/d Increase Undeveloped Land…
  38. November 2015 Investor Presentation – Peyto Exploration & Development Corp – slide 38
    2016 Outlook Drill Our Way To 115,000 BOE/D PEYTO Exploration & Development Corp. 100,000 boe/d 120,000 exit 120,000 100,000 85,700 boe/d exit TCPL Outage 100,000 75,200 boe/d exit 80,000 80,000 45,000 added to Oct/15…
  39. November 2015 Investor Presentation – Peyto Exploration & Development Corp – slide 39
    2016 Outlook Continuously Improve Profitability PEYTO Exploration & Development Corp. 2016 Goals* 10% service cost reduction Drilling off season PDP FD&A (1.60) Longer laterals, more stages /mcfe Continuous operations…
  40. November 2015 Investor Presentation – Peyto Exploration & Development Corp – slide 40
    Peytos Future Where To From Here PEYTO Exploration & Development Corp. 150,000 115,000 boed 100,000 boed 100,000 12,000 /boe/d BOED 12,000 /boe/d 16,800/boe/d 50,000 17,500/boe/d 15,100/boe/d 17,300/boe/d…
  41. November 2015 Investor Presentation – Peyto Exploration & Development Corp – slide 41
    Appendix PEYTO Exploration & Development Corp. N Quarterly Track Record N Tax Pools N Payout N Hedging Strategy N Gas Marketing N FAQ 42 11/25/2015
  42. November 2015 Investor Presentation – Peyto Exploration & Development Corp – slide 42
    Quarterly Track Record PEYTO Exploration & Development Corp. 2015 2014 2013 Q3 Q2 Q1 Total Q4 Q3 Q2 Q1 Total Q4 Q3 Q2 Q1 Total Operations Production Oil & NGLs (bbl/d) 5,352 6,843 7,456 7,632 8,077 7,502 7,568 7,375 6,376 6,984…
  43. November 2015 Investor Presentation – Peyto Exploration & Development Corp – slide 43
    Organic Business Model Peytos Tax Pools PEYTO Exploration & Development Corp. 1,800 1,600 1,400 1,200 Federal Tax Pools Millions 1,000 800 Q4/14 600 400 200 - 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009…
  44. November 2015 Investor Presentation – Peyto Exploration & Development Corp – slide 44
    Peytos Payout Dividend Sustainability PEYTO Exploration & Development Corp. Peyto Dividend Sustainability 2,500 2,000 Peyto Cum. Earnings 1,500 Q3/15 1,000 500 0 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3…
  45. November 2015 Investor Presentation – Peyto Exploration & Development Corp – slide 45
    Successful Hedging Strategy Peyto Realized Price History PEYTO Exploration & Development Corp. 2003 2004 2006 2010 2013 2014 16.00 2005 2007 2008 2009 2011 2012 Peyto Peyto Peyto Peyto Peyto Peyto Peyto Peyto Peyto Peyto Peyto…
  46. November 2015 Investor Presentation – Peyto Exploration & Development Corp – slide 46
    Gas Marketing Future Sales (1 of 3) PEYTO Exploration & Development Corp. Financial Hedges - Gas Pricing 2013 2014 2015 2016 Da te contra cte d GJ/d (/GJ) N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O…
  47. November 2015 Investor Presentation – Peyto Exploration & Development Corp – slide 47
    Gas Marketing Future Sales (2 of 3) PEYTO Exploration & Development Corp. Financial Hedges - Gas Pricing 2013 2014 2015 2016 Da te contra cte d GJ/d (/GJ) A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J…
  48. November 2015 Investor Presentation – Peyto Exploration & Development Corp – slide 48
    Gas Marketing Future Sales (3 of 3) PEYTO Exploration & Development Corp. Financial Hedges - Gas Pricing 2013 2014 2015 2016 2017 2018 Date contracte d GJ/d (/GJ) N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S…

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