Company Presentation Enercom Oil & Gas Conference August 15, 2017
I. Company Overview 3
WRD Has Built a Premier Platform for Growth Key Investor Considerations Premier Acreage Positions in the Eagle Ford and North Louisiana 2nd Largest Eagle Ford Position: 385,000 net acres in largely (1) Total Company Net Acres…
Q2 2017 and Recent Activity Increased average daily production by 55% to 22.6 Mboe/d for the second quarter 2017 compared to 14.6 Mboe/d for the second quarter 2016 Highlights Reported adjusted EBITDAX of 52.4 million for the second…
WRD Operates the Second Largest Eagle Ford Position Operator Acreage Positions(1) Net Acreage Positions(1) Eagle Ford Shale (000s Acres) Oil Wet Gas/Condensate EOG Resources 528 Dry Gas WildHorse 385 Sanchez Energy 356…
Deep Inventory of Economic Locations Net Horizontal Locations by Area Inventory Breakevens (10% Pre-tax IRR) Net Locations(1) Net Locations Multiple decades of drilling 3,299 Net Locations 3,500 3,500 inventory across Eagle Ford…
Leading Industry Metrics at a Compelling Valuation Enterprise Value / EBITDAX Production Growth EBITDAX Growth 10.0 100% 200% 83% 172% 8.1x 8.0 7.4x 80% 160% 5.7x 61% 6.0 60% 120% 106% 48% 4.0 3.5x 40% 33% 80% 64% 44% 2.0 20%…
Recent Well Results Outperform and Delineate Extensive Acreage Position WRD Gen 3 wells continue to outperform 91 Boe/ft type curve across the Horizontal Well Activity(3) acreage position Altimore 1H EUR: 126 Boe/Ft 41 gross Gen 3…
Completion Evolution Has Led to Superior Well Performance and Increased Returns WRD Eagle Ford Completion Design Evolution Gen 3 completion designs coupled with restricted choke management have increased EURs Currently testing Gen 4…
Proximity to Gulf Coast Leads to Advantaged Oil Pricing WildHorse regional location Comparative Basin Differentials (1) provides lower operating costs and better realized pricing due to proximity to demand centers for (7.14) oil,…
Eagle Ford Wells Outperform Competing Basins and Peers on Cash Margin Cash Margin: WRD Eagle Ford vs. Competing Basins(1) (2Q 2017) /Boe 55.00 48.15 48.15 48.15 48.15 48.15 48.15 Q2 2017 Average WTI Price 44.00 7.16 10.99…
III. North Louisiana Overview 15
North Louisiana Acreage Position Contiguous Position in the Prolific Terryville Field 99,000 net acres across four areas in Bellevue Timber 16-9 HC-1 (MRD) Horizontal Well Activity(1) Wright 13-24 HC 3 (MRD) IP30 = 36.4 MMCFE/D (79%…
North Louisiana Wells Outperform Competing Basins and Peers on Cash Margin Cash Margin: WRD North Louisiana vs. Competing Basins(1) (Second Quarter 2017) /Mcfe 4.00 3.55 3.50 3.30 3.14 Q2 2017 0.41 3.19 0.12 Average HHUB…
IV. Financial Overview 18
Strong Balance Sheet and Liquidity Position Capitalization Strong Liquidity Position ( in millions) 6/30/2017 ( in millions) 6/30/2017 Liquidity Cash 15 Borrowing Base 650 Cash 15 WRD Revolving Credit Facility 146 Revolver…
WRD Perpetual Convertible Preferred Equity Summary Issuer WildHorse Resource Development Corporation (NYSE: WRD) Purchaser The Carlyle Group, through its U.S. buyout fund Carlyle Partners VI Size 435 million Date of Original Issue…
FY 2017 Guidance (as of May 11, 2017) 2017 Guidance (as of May 11, 2017) Guidance Low High Net Average Daily Production (Mboe/d) 27 - 31 Oil (% of Production) 57% - 61% Natural Gas (% of Production) 29% - 33% NGLs (% of…
WildHorse Commodity Hedging Overview All trading counterparties have investment grade credit ratings at both S&P and Moodys Current hedges include primarily costless, fixed price swaps and collars, as well as deferred premium puts…
Investment Highlights Attractive Acreage Position with Strong Returns Extensive Inventory Supports Multi-Year Growth Story Balanced Asset Portfolio with Significant Capital Allocation Optionality Financial Strength and…
V. Appendix 24
Focused Strategy of Eagle Ford Acreage Growth and Consolidation WildHorse continues to execute on proven strategy of organic leasing and targeted acquisitions to grow our high quality Eagle Ford acreage position to 385,000 net acres…
WildHorse Acreage Positioned in the Highly Productive, Liquids-Rich Eagle Ford Geology matters: Top of Eagle Ford Structural Map Gross Thickness Isopach Map Gas to oil ratio Clay content Milam Shallow Grimes Thick Oil gravity…
WRDs Attractive Eagle Ford Acquisition Metrics Bolster Full Cycle Returns WRD has acquired Eagle Ford acreage at attractive economics per net location on a PDP-adjusted basis Over its last two major Eagle Ford acquisitions, WRD has…
2,000 Net Eagle Ford Locations with Highly Economic 91 Boe/ft Type Curve Eagle Ford Single Well Summary 91 Boe/ft Type Curve (3) Type Well Assumptions Wellhead EUR (MBoe) 555 Boe/d Oil EUR (Mbbl) 497 1,000 % Oil 90% Gas EUR (MMcf)…
RCT Upper Red Type Curve Economics RCT Upper Red Single Well Summary RCT Upper Red Single Well Type Curve Type Well Assumptions Wellhead EUR (MMcfe) 14,592 MMcfe/d Cumulative Gas EUR (MMcf) 14,275 Production (Bcfe) 10,000 Oil EUR…
WRD Ownership Chart NGP and The Carlyle Group 435MM Series A Perpetual KKR Public Stockholders Management(1) Convertible Preferred Stock 56.3%(2) 23.6%(2) 4.2%(2) 15.9%(2) Company Shares Breakout Total Common Shares…
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