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Q4 2015 Earnings – Chesapeake Energy Corp

Chesapeake Energy Corp · Feb 24, 2016 · 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. Q4 2015 Earnings – Chesapeake Energy Corp – slide 1
    4Q15 EARNINGS February 24, 2016
  2. Q4 2015 Earnings – Chesapeake Energy Corp – slide 2
    2015 YEAR IN REVIEW AND EARLY 2016 ACCOMPLISHMENTS 2015 Reduced G&A/boe by 24% year over year; 87mm reduction (1) Reduced LOE/boe by 10% year over year; 162mm reduction 2.1 billion debt principal reduction through debt repurchases…
  3. Q4 2015 Earnings – Chesapeake Energy Corp – slide 3
    CHESAPEAKES FOCUS IN 2016 WHAT WE WILL DO Reduce capital budget by 50% Maximize Liquidity 10% reduction in LOE/boe 15% reduction in G&A/boe (1) Close on 700mm in signed asset divestitures Optimize Portfolio 500 1,000mm in…
  4. Q4 2015 Earnings – Chesapeake Energy Corp – slide 4
    2016 CAPITAL ALLOCATION 2016 Capital Budget 2016 program provides attractive return Decreasing capital budget by 57% on incremental capital and optimizes 3.6B commitments 0.4B Cap Int. (1) 0.2B Other Ensures full access to…
  5. Q4 2015 Earnings – Chesapeake Energy Corp – slide 5
    VAST U.S. ONSHORE ASSET PORTFOLIO SIGNIFICANT VALUE IN DEVELOPED AND UNDEVELOPED ACREAGE Powder River Basin 20 mboe/d net (1) Spud: 0 / TIL: 5 Marcellus Shale 130 mboe/d net (1) Spud: 0-5 / TIL: 20 Utica Shale (2) 148 mboe/d net (1)…
  6. Q4 2015 Earnings – Chesapeake Energy Corp – slide 6
    IMPROVING AND REBALANCING MIDSTREAM COMMITMENTS Increase EBITDA by working with partners to rebalance fees for the long-term profitability of all companies Recently executed agreements in the Haynesville, Barnett and Eagle Ford…
  7. Q4 2015 Earnings – Chesapeake Energy Corp – slide 7
    DEBT MANAGEMENT Opportunistic open market debt repurchases resulted in attractive 2.2 billion Debt removed from books principal savings in 2015 and 2016 (1) Proactive liability management strategies will continue to be 38…
  8. Q4 2015 Earnings – Chesapeake Energy Corp – slide 8
    THE TRANSFORMATION CONTINUES We are focused on maximizing liquidity, optimizing the portfolio through asset sales, increasing EBITDA through contract negotiations and proactively managing debt maturities and reduction to strengthen…
  9. Q4 2015 Earnings – Chesapeake Energy Corp – slide 9
    MATURITY PROFILE PROACTIVE LIABILITY MANAGEMENT Debt Reduction (1) 9.5 billion 861 Total debt down from 11.7 billion Liabilities (2) on 9/30/2015 373 2.2 billion Debt removed from books in 2015 and 2016 3,064 674 396…
  10. Q4 2015 Earnings – Chesapeake Energy Corp – slide 10
    LEVERAGE REDUCTION PROACTIVE LIABILITY MANAGEMENT 9.6B Continued focus on the balance Leverage reduction over last three years, through 12/31/15 sheet resulted in significant leverage reduction over the past three years. 176mm…
  11. Q4 2015 Earnings – Chesapeake Energy Corp – slide 11
    HEDGING POSITION (1) Natural Gas Oil 2016 2016 58% 56% Swaps 2.84 Swaps 47.79 (1) As of February 23, 2016. 4Q'15 EARNINGS 13
  12. Q4 2015 Earnings – Chesapeake Energy Corp – slide 12
    CORPORATE INFORMATION HEADQUARTERS PUBLICLY TRADED SECURITIES CUSIP TICKER 3.25% Senior Notes due 2016 165167CJ4 CHK16 6100 N. Western Avenue Oklahoma City, OK 73118 6.25% Senior Notes due 2017 027393390 N/A WEBSITE: www.chk.com 6.50%…

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