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The Crescent Point Advantage – Crescent Point Energy Corp.

Crescent Point Energy Corp. · Jan 9, 2018 · 27 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. The Crescent Point Advantage – Crescent Point Energy Corp. – slide 1
    Crescent Point Energy The Crescent Point Advantage Crescent Point Energy is one of Canadas largest light and medium oil producers, based in Calgary, Alberta. The Company is focused on growing its significant resource base in the…
  2. The Crescent Point Advantage – Crescent Point Energy Corp. – slide 2
    THE CRESCENT POINT ADVANTAGE Our business strategy is simple and effective. We focus on large oil-in-place resource pools with low recovery rates to date. We then apply advanced drilling, completion and waterflood techniques to…
  3. The Crescent Point Advantage – Crescent Point Energy Corp. – slide 3
    OUR CORPORATE VALUES Strong Corporate Governance Independent Board, adhere to best practices Executive compensation changes simple, accountable, aligned When shareholders speak, we listen and respond Financial Discipline 10-year…
  4. The Crescent Point Advantage – Crescent Point Energy Corp. – slide 4
    OVERVIEW - STRONG AND INDEPENDENT BOARD Board Brings Significant Breadth and Depth of Experience 2017 Director / Nominee Skills / Background Re-election Peter Bannister, Chair Oil & Gas Executive President and CEO, Rene…
  5. The Crescent Point Advantage – Crescent Point Energy Corp. – slide 5
    BOARD RENEWAL PROCESS SUPPORTED BY ORIENTATION AND TRAINING Impact of Board Renewal Process on Tenure 2013 2017 2019 Other key diversity enhancements: International experience 6 new 2 new Industry independent independent Gender…
  6. The Crescent Point Advantage – Crescent Point Energy Corp. – slide 6
    CONTINUOUS IMPROVEMENT IN CORPORATE GOVERANCE PRACTICES Adhering to Governance Best Practices Stronger ISS Governance Quality Score Committee Independence: 100% - Audit, Compensation, Corporate Governance and Crescent Point…
  7. The Crescent Point Advantage – Crescent Point Energy Corp. – slide 7
    COMMITTED AND ONGOING SHAREHOLDER ENGAGEMENT Following AGM Say-On-Pay voting results, we solicited shareholders Actively engaged with investment Continuing governance and proxy advisory firms input community throughout 2016 engagement in…
  8. The Crescent Point Advantage – Crescent Point Energy Corp. – slide 8
    EXECUTIVE COMPENSATION CHANGES: SIMPLE, ACCOUNTABLE, ALIGNED What we heard What we did RESULT: CEO pay reduced by 50%. Each pay component was reduced due CEO Compensation Changes to either actual metric achievements or the exercise of…
  9. The Crescent Point Advantage – Crescent Point Energy Corp. – slide 9
    GO FORWARD COMPENSATION PLAN 2017 & Go Forward Plan Sustained Plan Features Continue to simplify the plan: CEO minimum share ownership = 3x his salary (2.7 MM) Current = 844,848 x 14.15 (12.0 MM) 1. Eliminate LTIP component 2.…
  10. The Crescent Point Advantage – Crescent Point Energy Corp. – slide 10
    ENTREPRENEURIAL CULTURE DRIVES LOW G&A Cash and Share-Based G&A as a 10 Years of Consistently Low Cash G&A - Percentage of Netback Under 1.65/boe 24% 2.50 Total G&A as a percentage of netback 20% 19% 16% 2.00 CPG 10 year…
  11. The Crescent Point Advantage – Crescent Point Energy Corp. – slide 11
    ENTREPRENEURIAL CULTURE DRIVES RESULTS Organizational Structure Promotes Innovation: All employees are shareholders through share-based compensation Strong culture has remained throughout our growth High female representation…
  12. The Crescent Point Advantage – Crescent Point Energy Corp. – slide 12
    HIGH EMPLOYEE ENGAGEMENT CONTRIBUTES TO STRONG CORPORATE GOVERNANCE 10th annual employee survey delivered to all field and office staff (82% or 823 responded in 2016) measures perception of management integrity, ethics and values;…
  13. The Crescent Point Advantage – Crescent Point Energy Corp. – slide 13
    CONFIDENCE IN EXECUTIVE TEAM TRANSLATES TO LOYALTY AND HIGH EMPLOYEE ENGAGEMENT Executives demonstrate the importance of Innovation is valued in the workplace integrity and ethical behavior 100% 100% 95% 92% 92% 91% 90% 90% 91%…
  14. The Crescent Point Advantage – Crescent Point Energy Corp. – slide 14
    STRONG TECHNICAL FOCUS HAS RESULTED IN CONTINUED ORGANIC RESERVES GROWTH Cumulative Organic Reserves Additions (MMboe) 700 600 500 400 MMboe 300 200 100 0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013…
  15. The Crescent Point Advantage – Crescent Point Energy Corp. – slide 15
    PER SHARE FOCUS Production per Share Reserves per Share 400 2 1.75 300 1.5 1.25 200 1 2010 2011 2012 2013 2014 2015 2016 2017 Exit 2010 2011 2012 2013 2014 2015 2016 Guidance Integrated strategy of organic…
  16. The Crescent Point Advantage – Crescent Point Energy Corp. – slide 16
    COMMUNITY IMPACT Passionate about giving back to the communities we live, work and operate in 30 MM donated since inception1 2017 community investment budget of 3.0 MM Major donations include: STARS Air Ambulance (5.0 MM since…
  17. The Crescent Point Advantage – Crescent Point Energy Corp. – slide 17
    HEALTH, SAFETY AND ENVIRONMENTAL PROTECTION The health and safety of employees, contractors, visitors and the public, as well as the protection of the environment, is at the core of our values. Corporate HSE policy is reviewed and…
  18. The Crescent Point Advantage – Crescent Point Energy Corp. – slide 18
    HEALTH & SAFETY: EMERGENCY RESPONSE In 2016, Total Recordable Injury Frequency (TRIF) was reduced by 7% over 2015 Continue to improve safety performance in 2017, targeting a further reduction in TRIF compared to 2016 Employee &…
  19. The Crescent Point Advantage – Crescent Point Energy Corp. – slide 19
    CLIMATE CHANGE INITIATIVES: FOCUSED ON REDUCING EMISSIONS Have implemented a robust emissions management system Continually monitor emissions performance and identify additional emissions reduction opportunities Assess risks and…
  20. The Crescent Point Advantage – Crescent Point Energy Corp. – slide 20
    CLIMATE CHANGE INITIATIVES: MAINTAIN A VOLUNTARY ARO FUND Abandonment & Reclamation Program Maintain a voluntary Asset Retirement Obligation (ARO) fund to responsibly manage the liabilities associated with abandonment and…
  21. The Crescent Point Advantage – Crescent Point Energy Corp. – slide 21
    CLIMATE CHANGE INITIATIVES: REDUCING FRESH WATER USAGE Make every effort to ensure water resources we utilize throughout our operating areas are managed responsibly Where possible we drill source wells to minimize the need for fresh…
  22. The Crescent Point Advantage – Crescent Point Energy Corp. – slide 22
    CLIMATE CHANGE INITIATIVES: PROGRAMS IN PLACE TO MITIGATE RISK Our asset integrity program consists of: Written policies, standards, procedures, manuals and Emergency Response Plans Specialized software to track assets and preventative…
  23. The Crescent Point Advantage – Crescent Point Energy Corp. – slide 23
    CLIMATE CHANGE INITIATIVES: GREEN ENERGY We have a dedicated team focused on Green Energy to: Reduce emissions and increase efficiency Reduce electricity and fuel costs Generate clean power So far: CPG has invested 58MM in…
  24. The Crescent Point Advantage – Crescent Point Energy Corp. – slide 24
    ORGANIZATIONS AND COMMITTEES Crescent Point is a member of the following organizations: Association of Professional Engineers and Geoscientists of Alberta Association of Professional Engineers and Geoscientists of Saskatchewan The…
  25. The Crescent Point Advantage – Crescent Point Energy Corp. – slide 25
    DISCLOSURE COMMITTEE In addition to obtaining all necessary Board approvals, the Companys long-established Disclosure Committees mandate is to review and confirm the accuracy of the data and information contained in the documents…
  26. The Crescent Point Advantage – Crescent Point Energy Corp. – slide 26
    OUR CORPORATE VALUES Strong Corporate Governance Financial Discipline Employee Engagement and Culture Female Representation Technically Driven, Per Share Focus Community / Environment / Climate Change 27
  27. The Crescent Point Advantage – Crescent Point Energy Corp. – slide 27
    COMPANY INFORMATION CORPORATE GOVERNANCE BANKER Bank of Nova Scotia Barbara Munroe & NOMINATING CHAIR ENVIRONMENT HEALTH & Rene Amirault AUDITOR PricewaterhouseCoopers LLP SAFETY CHAIR LEGAL EMERGENCY LINE 1-888-799-0043…

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