Corporate Profile TSX : FRU focused on oil and gas royalties 2016e production (78% royalty production) boe per day 9,800 2016 operating income from royalties 94% 2016e annualized dividend(1) (0.04 per month) per share 0.48 Current…
Corporate Strategy TSX : FRU Effectively manage and grow our assets to consistently deliver returns to shareholders over the long term: Acquire appropriate assets with a focus on royalty interests to provide long-term growth in…
Q4-2015 Highlights TSX : FRU Achieved record production averaging 11,815 boe/d in Q4-2015 Production increased 20% y/y Royalty production up 26% y/y Royalties represented 78% of total production and 89% of operating income Grew…
Royalty Focused Production TSX : FRU boe/d 78% Growth in royalty focused production 10,945 9,800 12,000 Royalties (1) 10,000 8,000 6,000 4,000 2,000 0 Royalty Interest Production Working Interest Production…
Royalty Focused Cash Flow TSX : FRU 2015 % of Operating Income Working Interest 13% Production Volume Royalties 9% 40% Mineral Title Royalties Gross Overriding Royalties 38% 87% of our Operating Income is derived…
The Freehold Advantage TSX : FRU 1) Royalty growth (production and drilling) despite weakness in commodity prices 2) Free cash flow vehicle (low cash costs, low opex, low debt) 3) Quality long life asset base (Low decline, 9+…
Counter cyclical production growth TSX : FRU 12,000 11,500 Production (boe/d) 11,000 10,500 10,000 9,500 9,000 8,500 8,000 Q3-14 Q4-14 Q1-15 Q2-15 Q3-15 Q4-15 Despite weakness in the commodity, production…
YTD Royalty Net Drilling Trends TSX : FRU * 2015 includes wells drilled from January 1st on our acquisition lands 12
Growth through Acquisitions TSX : FRU 400 million in acquisitions in 2015 Executed varying deal types through our strategy Highlights 1. Corporate acquisition extended Freeholds tax free horizon 5+years 2. Production volume royalty…
The Royalty Advantage: Netbacks TSX : FRU The royalty model offers a higher margin barrel then your typical E&P A Working Interest Barrel A Royalty Interest Barrel Operating netback* Operating netback* 30% of gross revenue 100%** of…
The Royalty Advantage: Cash Costs TSX : FRU Royalty model offers a material cost advantage over E&Ps Freehold 0.00 5.00 10.00 15.00 20.00 25.00 30.00 35.00 40.00 45.00 Cash Costs (/boe) (OPEX, Transportation, Royalties,…
The Freehold Advantage: Low Capex TSX : FRU Capital Expenditures represent a small percentage of Freeholds Funds from Operations enabling sustainability in a low price environment 150% Sector average 110% 125% 100% 75%…
The Freehold Advantage: Low Debt TSX : FRU Debt to Funds from Operations(1) (multiple) 100 million credit 4.5 capacity 4.0 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007…
2015 Royalty Drilling Highlights TSX : FRU Alberta West 92 Gross Wells Lloydminster 129 Gross Wells Saskatchewan East 156 Gross Wells FRU had 377 (18.9 net) royalty wells drilled on its lands in 2015. 2015 net free…
Quality Long Life Asset Base TSX : FRU 9+ YEARS OF FUTURE DRILLING POTENTIAL (3) 90+ Locations Belly River, Mannville, (1) Pekisko, Devonian 550+ Locations Widely Diversified Portfolio Mannville Heavy Oil Play 2800+…
Compelling Value TSX : FRU Acquiror Seller Deal Type Commodity Envr. Value Liquids Land acres Undeveloped Prod. Prod. 2015E 2015 HH /mmbtu WTI /bbl (mm) (%) (gross mm) (gross mm) (boe/d) (/boe/d) CF CF (x) Royalty Co. X1 Co. Y1…
2016 Guidance TSX : FRU Annual Average Mar. 3, 2016 Nov. 12, 2015 Daily production boe/d 9,800 9,800 Operating costs /boe 4.75 5.00 G&A costs* /boe 2.65 2.85 Capital expenditures millions 7 15 Dividends paid in shares millions…
Free Cash Flow Sensitivities TSX : FRU 1.20 1.00 Funds From Operations Free Cash Flow 0.80 Capital Spending Per Share 0.60 Free cash flow available for dividend at varying 0.40 commodity prices 0.20 0.00…
2016 Sensitivities TSX : FRU Estimated Change in Funds From Change Operations Variable (+/-) ( per share) WTI oil price US1.00/bbl 0.03 Canadian/U.S. dollar exchange rate US0.01 0.01 Edmonton Par/WCS differential Cdn1.00/bbl…
The Freehold Advantage TSX : FRU 1) Royalty growth (production and drilling) despite weakness in commodity prices 2) Free cash flow vehicle (low cash costs, low opex, low debt) 3) Quality long life asset base (Low decline, 9+…
Supplemental Information
The Manager TSX : FRU Managing Royalties for more than 30-years CN P ENSION T RUST F UNDS Pension fund for employees of Canadian National Railway 100% ownership 100% ownership Manager of the assets 24%(1) ownership…
Management Contract TSX : FRU Freehold announced in November 2015 an amended and restated Management Agreement with Rife Resources Management Ltd. Freehold originally entered into a Management Agreement with Rife in 1996. Generated…
Diversified Royalty Payors TSX : FRU 1) Diversified group of payors: Top 30 account for over 80% of royalty revenue on a trailing 12 month basis. 28
Counter Party Risk Mitigation TSX : FRU Mineral title leases to third parties have default mechanisms for protection and repossession of lessee interest, including the ability to take in kind. We own the land in perpetuity. Gross…
2016 Small Capital Program TSX : FRU 7 million capital program represents only a small percentage of our funds from operations Southeast Sask. Light Oil 75% Other 25% 1) Per guidance dated March 3, 2016. 30
Counter cyclical acquirer TSX : FRU Initial Production Cost Acquired Year Area ( millions) (boe/d) 2001 Southeast Saskatchewan 25 800 2005 Petrovera (CNRL) 352 3,800 2007 Alberta/Saskatchewan 90 700 2010 Alberta, Sask. and B.C.…
FRU Stock Price Tracks Oil Price* TSX : FRU WTI in US 150.00 62% FRU in C 30.00 oil and NGL 125.00 production 25.00 100.00 20.00 75.00 15.00 50.00 100% 10.00 25.00 unhedged 5.00 - - WTI Oil Price (US) FRU…
Proud Owner of Legacy Lands TSX : FRU Mineral titles are held in The 8s and 26s perpetuity Historic land grant to the Hudsons Bay Company (HBC) in 1670 by the King of England HBC surrendered land to Canada in 1870 in exchange…
Loading...
