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November 2016 Corporate Presentation – Peyto Exploration & Development Corp

Peyto Exploration & Development Corp · Nov 30, 2016 · 43 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 2016 Corporate Presentation – Peyto Exploration & Development Corp – slide 1
  2. November 2016 Corporate Presentation – Peyto Exploration & Development Corp – slide 2
    Peyto Profile PEYTO Exploration & Development Corp. N TSX Listing: PEY N Shares Outstanding: 164.6 million, 3% insiders (as of May 18/16) N Monthly Dividend: 0.11/share N Current Production: 0.6 BCFe/d (105,000 boe/d) N YE 2015…
  3. November 2016 Corporate Presentation – Peyto Exploration & Development Corp – slide 3
    The Peyto Strategy What We Believe PEYTO Exploration & Development Corp. N We believe natures gas is the fuel for the future. N Our goal is to maximize the return on invested capital your capital. N We selectively and efficiently…
  4. November 2016 Corporate Presentation – Peyto Exploration & Development Corp – slide 4
    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 5 11/10/2016
  5. November 2016 Corporate Presentation – Peyto Exploration & Development Corp – slide 5
    The Peyto Strategy Results in a Low Cost Advantage PEYTO Exploration & Development Corp. Operating Costs Transportation Costs 20 5 4 15 3 /boe /boe 10 2 0.88 5 6.64 1 - - Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4…
  6. November 2016 Corporate Presentation – Peyto Exploration & Development Corp – slide 6
    The Peyto Strategy Counter Cyclical Growth Per Share PEYTO Exploration & Development Corp. liq prod/share Production per Unit or Share (boe/d per million) 700 gas prod/share 2016 YE Target 15 75 AECO Forecast (/GJ) 110,000…
  7. November 2016 Corporate Presentation – Peyto Exploration & Development Corp – slide 7
    The Peyto Strategy More Profit Per Dollar Of Capital PEYTO Exploration & Development Corp. 50% 43% 40% 40% 32% 32% 30% 21% 19% 20% 9% 10% 7% CTD Earnings/Capital 4% 2000-2015 0% -10% -6% PEY ARX CNQ VET ERF COG…
  8. November 2016 Corporate Presentation – Peyto Exploration & Development Corp – slide 8
    Compound Annual Total Return (%) 0 5 10 15 20 25 30 35 40 45 Peyto Expl. & Development Computer Modelling Group Stella-Jones Inc. Smart REIT ALIMENTATION COUCHE TARD Parkland Fuel Corp. GILDAN ACTIVEWEAR INC First…
  9. November 2016 Corporate Presentation – Peyto Exploration & Development Corp – slide 9
    Peytos Profitable Business PEYTO Exploration & Development Corp. 10 11/10/2016
  10. November 2016 Corporate Presentation – Peyto Exploration & Development Corp – slide 10
    Peytos Profitable Business 15th 19982013 Build it for less than we sell it PEY 2014 PEY 2015 Land/Acq/Disp 2MM Seismic 7MM Drilling 288MM PDP FD&A /mcfe (2.25) (1.64) Compl. Wellsite Facilities 173MM 49MM 74MM 594MM…
  11. November 2016 Corporate Presentation – Peyto Exploration & Development Corp – slide 11
    Peytos Profitable Business Profitable Even Through The Lows PEYTO Exploration & Development Corp. AECO Monthly 10 Peyto Realized Gas Price (/mcfe) /GJ 36% Avg. Profit Cum To Date 8 6 Bonus 4 Cash Costs 1.38…
  12. November 2016 Corporate Presentation – Peyto Exploration & Development Corp – slide 12
    Peytos Profitable Business Competitive In The North American Marketplace PEYTO Exploration & Development Corp. 100% Montney 65% DB/35% Mont. 100% Deep Basin VII 2015 TOU 2015 PEY 2015 PDP FD&A /mcfe (3.56) (2.29) (1.64) Cash…
  13. November 2016 Corporate Presentation – Peyto Exploration & Development Corp – slide 13
    Peytos Unique Assets PEYTO Exploration & Development Corp. 14 11/10/2016
  14. November 2016 Corporate Presentation – Peyto Exploration & Development Corp – slide 14
    Peytos Assets Geographically Focused Core Areas PEYTO Exploration & Development Corp. 440,000 net acres R10 R5W6 R27 R22 R17 R12 R7W5 9 operated gas plants Cutbank ---(730 mmcf/d net capacity) 1600+ km pipelines 1200+ producing…
  15. November 2016 Corporate Presentation – Peyto Exploration & Development Corp – slide 15
    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…
  16. November 2016 Corporate Presentation – Peyto Exploration & Development Corp – slide 16
    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* 17…
  17. November 2016 Corporate Presentation – Peyto Exploration & Development Corp – slide 17
    Peytos Assets The Most Profitable Part Of The Basin PEYTO Exploration & Development Corp. 18 11/10/2016
  18. November 2016 Corporate Presentation – Peyto Exploration & Development Corp – slide 18
    Peytos Assets Deep Basin Lands Go A Long Way PEYTO Exploration & Development Corp. 500 Peyto Lands 450 Net Lands (000's acres) 400 350 300 250 200 150 Net Peyto Sections 100 50 - Net Sections of Cardium,…
  19. November 2016 Corporate Presentation – Peyto Exploration & Development Corp – slide 19
    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 14 432 72 176 391 5 1 5 11 1 2 22 14…
  20. November 2016 Corporate Presentation – Peyto Exploration & Development Corp – slide 20
    Peytos Assets Greater Sundance Area PEYTO Exploration & Development Corp. Peyto Oldman & Oldman North Sweet Gas Peyto Wildhay Plants Sweet Gas Plant 245 mmcf/d 90 mmcf/d Peyto Nosehill Sweet Gas Plant 125 mmcf/d…
  21. November 2016 Corporate Presentation – Peyto Exploration & Development Corp – slide 21
    Peytos Assets Brazeau River Area PEYTO Exploration & Development Corp. W Keyera Brazeau CP OChiese Sour Gas Plant (1968) Sour Gas Plant (1997) 200 mmcf/d 85 mmcf/d Peyto Brazeau Sweet Gas Plant (2013) 120 mmcf/d Keyera…
  22. November 2016 Corporate Presentation – Peyto Exploration & Development Corp – slide 22
    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 W…
  23. November 2016 Corporate Presentation – Peyto Exploration & Development Corp – slide 23
    Peytos Assets Drilling Cost Performance PEYTO Exploration & Development Corp. Hz Spirit River 5,000 40 4,412 4,500 34.5 4,268 4,299 4,291 4,308 4,240 4,231 4,269 4,245 4,152 4,155 35 Drill & Case Cost / Depth 4,066 3,999…
  24. November 2016 Corporate Presentation – Peyto Exploration & Development Corp – slide 24
    Peytos Assets Completion Cost Performance PEYTO Exploration & Development Corp. Monthly Average Completion Costs 2,000,000 300,000 1,800,000 250,000 1,600,000 -35% 1,400,000 200,000 Cost Per Stage 1,200,000 Total…
  25. November 2016 Corporate Presentation – Peyto Exploration & Development Corp – slide 25
    Peytos Assets Predictable and Repeatable PEYTO Exploration & Development Corp. 26 11/10/2016
  26. November 2016 Corporate Presentation – Peyto Exploration & Development Corp – slide 26
    Peytos Incredible Returns PEYTO Exploration & Development Corp. 27 11/10/2016
  27. November 2016 Corporate Presentation – Peyto Exploration & Development Corp – slide 27
    Peytos Returns Focus On Returns Drives Capital Discipline PEYTO Exploration & Development Corp. 2016E 10,000/boe/d 120,000 2015 - 11,600/boe/d 2014 - 16,800/boe/d 900 2013 - 15,100/boe/d 2016 Forecast Exit 110-115,000 boe/d…
  28. November 2016 Corporate Presentation – Peyto Exploration & Development Corp – slide 28
    BT IRR, % -50 -40 -30 -20 -10 0 10 20 30 40 50 60 70 80 90 100 110 120 130 140 150 02/13-11-043-12W5/0 02/08-08-055-21W5/0 00/08-28-054-21W5/0 00/08-18-055-21W5/0 00/14-15-043-12W5/0…
  29. November 2016 Corporate Presentation – Peyto Exploration & Development Corp – slide 29
    Peytos Returns High Returns On Your Capital And Equity PEYTO Exploration & Development Corp. 60% 12 50% 10 40% 8 30% 6 17 yr Avg ROE to 2015 20% 4 10% 2 0% 0 Return On Capital Employed (%) Return On Equity (%)…
  30. November 2016 Corporate Presentation – Peyto Exploration & Development Corp – slide 30
    Peytos Future PEYTO Exploration & Development Corp. 31 11/10/2016
  31. November 2016 Corporate Presentation – Peyto Exploration & Development Corp – slide 31
    2016 Outlook Summer Production Strategy PEYTO Exploration & Development Corp. 110-115,000 boe/d exit 120,000 102,200 boe/d exit 120,000 100,000 85,700 boe/d exit 100,000 Defer new production for 75,200 boe/d exit better…
  32. November 2016 Corporate Presentation – Peyto Exploration & Development Corp – slide 32
    2016 Outlook 15th 19982013 Continuously Improve Profitability PEY 2016 Goals 93% Gas 2.05/GJ AECO daily/monthly 7% NGLs 40/bbl = 75% of CND light sweet Revenue 2.70/mcfe /mcfe 3.20 0.50/mcfe hedging gain 3.20/mcfe Peyto…
  33. November 2016 Corporate Presentation – Peyto Exploration & Development Corp – slide 33
    2017 Outlook More for less PEYTO Exploration & Development Corp. Drill 145-160Hz Wells (Liquids Rich Natural Gas) Expand & Extract Increase Processing Capacity & NGL Yield 120 mmcf/d Increase Undeveloped Land Base Shoot…
  34. November 2016 Corporate Presentation – Peyto Exploration & Development Corp – slide 34
    Peytos Future Where To From Here PEYTO Exploration & Development Corp. 120,000- 150,000 125,000 boed 110,000- 115,000 boed 11,000 11,000 /boe/d /boe/d 11,500 100,000 16,800/boe/d /boe/d BOED 10,000 15,100/boe/d…
  35. November 2016 Corporate Presentation – Peyto Exploration & Development Corp – slide 35
    Appendix PEYTO Exploration & Development Corp. N Quarterly Track Record N Tax Pools N Payout N Hedging Strategy N Gas Marketing N FAQ 36 11/10/2016
  36. November 2016 Corporate Presentation – Peyto Exploration & Development Corp – slide 36
    Quarterly Track Record PEYTO Exploration & Development Corp. 2016 2015 2014 Q3 Q2 Q1 Total Q4 Q3 Q2 Q1 Total Q4 Q3 Q2 Q1 Operations Production Oil & NGLs (bbl/d) 7,247 6,621 7,008 6,643 6,943 5,352 6,843 7,456 7,632 8,077 7,502…
  37. November 2016 Corporate Presentation – Peyto Exploration & Development Corp – slide 37
    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 Q3/16 600 400 200 - 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009…
  38. November 2016 Corporate Presentation – Peyto Exploration & Development Corp – slide 38
    Peytos Payout Dividend Sustainability PEYTO Exploration & Development Corp. Peyto Dividend Sustainability 2,500 2,000 1,500 Peyto Cum. Earnings Q3/16 1,000 500 0 Q1 2000 Q4 2000 Q3 2001 Q2 2002 Q1 2003 Q4 2003…
  39. November 2016 Corporate Presentation – Peyto Exploration & Development Corp – slide 39
    Successful Hedging Strategy Peyto Realized Price History PEYTO Exploration & Development Corp. 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Peyto Peyto Peyto Peyto Peyto Peyto Peyto Peyto Peyto Peyto Peyto Peyto…
  40. November 2016 Corporate Presentation – Peyto Exploration & Development Corp – slide 40
    Gas Marketing Future Sales (1 of 4) PEYTO Exploration & Development Corp. Hedges by year (averaged) Year Vol. GJ/d Price/GJ Vol. mcf/d Price/mcf 2015 344,644 3.48 299,690 4.00 2016 460,656 2.77 400,915 3.18 2017 459,411 2.58…
  41. November 2016 Corporate Presentation – Peyto Exploration & Development Corp – slide 41
    Gas Marketing Future Sales (2 of 4) PEYTO Exploration & Development Corp. 42 11/10/2016 Assuming an Average Heating Value of 1.15 GJ/mcf for Peytos gas
  42. November 2016 Corporate Presentation – Peyto Exploration & Development Corp – slide 42
    Gas Marketing Future Sales (3 of 4) PEYTO Exploration & Development Corp. 43 11/10/2016 Assuming an Average Heating Value of 1.15 GJ/mcf for Peytos gas
  43. November 2016 Corporate Presentation – Peyto Exploration & Development Corp – slide 43
    Gas Marketing Future Sales (4 of 4) PEYTO Exploration & Development Corp.

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