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January 2018 Corporate Presentation – Crescent Point Energy Corp.

Crescent Point Energy Corp. · Jan 10, 2018 · 39 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. January 2018 Corporate Presentation – Crescent Point Energy Corp. – slide 1
    Corporate Presentation January 2018 Knowledge Innovation & Value First Culture Technology Leaders Creators
  2. January 2018 Corporate Presentation – Crescent Point Energy Corp. – slide 2
    Crescent Point Advantage Corporate Presentation Scaleable Long-Term Financial Economic Growth Value Creators Discipline Crescent Point Energy 2
  3. January 2018 Corporate Presentation – Crescent Point Energy Corp. – slide 3
    Crescent Point Overview Corporate Presentation Value Creators Financial Discipline Per share focus and operational execution Balancing cash flows Innovation driven by knowledge first culture Southwest Conservative hedging…
  4. January 2018 Corporate Presentation – Crescent Point Energy Corp. – slide 4
    Business Strategy Corporate Presentation Develop & Enhance Increase recovery factors through infill drilling, waterflood optimization and improved technology Growth Acquire high-quality, large resource-in-place pools with…
  5. January 2018 Corporate Presentation – Crescent Point Energy Corp. – slide 5
    Unrisked Locations Billion Bbls 15.0 20.0 25.0 30.0 10.0 0.0 5.0 5,000 0 10,000 15,000 2002 2003 2003 2004 2004 2005 2005 2006 2006 2007 2007 2008 2008 2009 2009 2010 2010 OOIP 2011 2011…
  6. January 2018 Corporate Presentation – Crescent Point Energy Corp. – slide 6
    Execution in 2017 & 2018 Outlook Corporate Presentation Increased productive capacity by 400,000 net acres Achieved exit guidance 1.2 million boe/d added in core areas and transacted 2017 of 183,000 boe/d and led by 1,500 new 320…
  7. January 2018 Corporate Presentation – Crescent Point Energy Corp. – slide 7
    Uinta Inventory Growth Significantly Increases Productive Capacity Corporate Presentation Total Corporate Inventory Productive Capacity (IP30) 3.0 MM boe/d Doubled average IP30 rate per well of corporate inventory vs. prior…
  8. January 2018 Corporate Presentation – Crescent Point Energy Corp. – slide 8
    2018 Capital Budget and Production Growth Corporate Presentation 2018 Guidance Production Growth 200,000 Capital Expenditures ( millions) 1,800 Drilling and Development (%) 89% 190,000 Production (Boe/d) Facilities and…
  9. January 2018 Corporate Presentation – Crescent Point Energy Corp. – slide 9
    2018 Budget Balanced Growth Across Core Areas Corporate Presentation Williston Basin Uinta Basin 120,000 30,000 Boe/d Boe/d 100,000 25,000 80,000 20,000 2017 Exit 2018 Exit 2017 Exit 2018 Exit SW Saskatchewan…
  10. January 2018 Corporate Presentation – Crescent Point Energy Corp. – slide 10
    Uinta Basin High-Growth Resource Play Corporate Presentation Strong Well Large OOIP Basin High-Quality Economics With with Multi-Zone Light Crude Significant Potential Productivity Crescent Point Energy 10
  11. January 2018 Corporate Presentation – Crescent Point Energy Corp. – slide 11
    Uinta Stacked Pay Comparison vs. Major North American Shale Plays Corporate Presentation Midland Uinta Montney Eagle Ford Niobrara Bakken Upper Spraberry Garden Gulch Bakken Niobrara A Three Forks Upper Niobrara B Upper…
  12. January 2018 Corporate Presentation – Crescent Point Energy Corp. – slide 12
    Uinta Basin: Horizontal Well Progression by Zone Corporate Presentation Castle Peak 60,000 Uteland Butte 100,000 Boe 40,000 Prior to 80,000 geological mapping 20,000 60,000 Boe 0 0 10 20 30 40 50 60 70 80 90…
  13. January 2018 Corporate Presentation – Crescent Point Energy Corp. – slide 13
    Uinta Basin: Recent Horizontal Well Results Corporate Presentation Crescent Point (1-mile & 2-mile) Industry (2-mile) 1. 15-9-4-3-1E-H1 (Castle Peak First 2-mile) 7. 2-26-3-3-23-14-1H (Uteland Butte 2-mile) Rig Release: Feb 2017…
  14. January 2018 Corporate Presentation – Crescent Point Energy Corp. – slide 14
    Uinta Basin: Positioned For Growth Corporate Presentation 2018 Production: 25,000 boe/d OOIP (barrels): 8.5 billion 75 miles 2017 Success 2018 Priorities Consolidated 80,000 net acres, providing operatorship on Advance…
  15. January 2018 Corporate Presentation – Crescent Point Energy Corp. – slide 15
    Uinta Basin: Marketing Corporate Presentation 120,000 Uinta Basin Production Rail infrastructure provides additional 70,000 bopd of takeaway capacity including Previous refinery expansion plans CPG facilities (expandable to…
  16. January 2018 Corporate Presentation – Crescent Point Energy Corp. – slide 16
    Williston Basin & SW Saskatchewan Low-Risk Production Corporate Presentation Largest Unconventional Multi-zone Free Cash Flow Waterflood Growth Potential Programs Crescent Point Energy 16
  17. January 2018 Corporate Presentation – Crescent Point Energy Corp. – slide 17
    Williston Basin Corporate Presentation 2017 Success Added 1,000 new locations across multiple zones (step-out, down-spacing, etc.) Added 500 net sections in Flat Lake and North Dakota targeting multiple zones Proved oil…
  18. January 2018 Corporate Presentation – Crescent Point Energy Corp. – slide 18
    SW Saskatchewan Corporate Presentation 2017 Success Added 100 locations in the Shaunavon play due to a successful step-out program and advancement in new technology (i.e. cemented liners) SK Viking Added new infrastructure in…
  19. January 2018 Corporate Presentation – Crescent Point Energy Corp. – slide 19
    Financial Strategy Corporate Presentation Strong Capital Risk Management Financial Discipline Allocation Crescent Point Energy 19
  20. January 2018 Corporate Presentation – Crescent Point Energy Corp. – slide 20
    Life Cycle of Core Resource Plays Corporate Presentation Medium-Growth / High-Growth Phase Free Cash Flow Phase Development Phase 2017 & 2018 2017 & Lower decline, 2018 increase recoveries 2018 Improve efficiencies,…
  21. January 2018 Corporate Presentation – Crescent Point Energy Corp. – slide 21
    Commodity Hedging Strategy Corporate Presentation Oil Hedges 80,000 90.00 49% H1 2018 70,000 60,000 80.00 32% Oil Hedge Volume (bbl/d) 50,000 H2 2018 11% H1 2019 CAD 40,000 70.00 30,000 20,000 60.00…
  22. January 2018 Corporate Presentation – Crescent Point Energy Corp. – slide 22
    Balancing Cash Outflows with Inflows Corporate Presentation ACQUISITIONS DISPOSITIONS 2016 - 2018 Total Payout DIVIDENDS 102% 1 (Does not include potential dispositions during 2018) CAPITAL FUNDS FLOW EXPENDITURES…
  23. January 2018 Corporate Presentation – Crescent Point Energy Corp. – slide 23
    5-Year Organic Growth Plan Corporate Presentation Production by Total Payout (%) Scenario 3,500 Capital Expenditures & Net Debt/Funds Flow 2.5 350,000 by Total Payout (%) Scenario 3,000 2.0 300,000 2,500 Capital…
  24. January 2018 Corporate Presentation – Crescent Point Energy Corp. – slide 24
    Investment Thesis Corporate Presentation Scaleable Economic Growth Value Creators Financial Discipline Scaleable organic growth: Knowledge first culture and data Non-core asset dispositions and a 27 billion barrels OOIP, driven…
  25. January 2018 Corporate Presentation – Crescent Point Energy Corp. – slide 25
    Appendix 26 Crescent Point Energy Corporate Presentation
  26. January 2018 Corporate Presentation – Crescent Point Energy Corp. – slide 26
    Capital Markets Summary Corporate Presentation CPG (TSX and NYSE) Trading Price (Jan 4, 2018) C10.46 (TSX), US8.37 (NYSE) Shares Outstanding 549.1 million Average Daily Trading Volume 5.9 million Dividend (Yield) C0.03 per…
  27. January 2018 Corporate Presentation – Crescent Point Energy Corp. – slide 27
    Balance Sheet Strength Corporate Presentation Debt Composition (CAD) as of Sep 30, 2017 Net Debt to Funds Flow From Operations 4.0x 1.7B 1.5B Senior Cash & Guaranteed Unutilized 3.0x Notes* Credit Capacity 2.0x 2.2B Drawn…
  28. January 2018 Corporate Presentation – Crescent Point Energy Corp. – slide 28
    Waterflood Leaders: Realizing Gains from Waterflood Expertise Corporate Presentation ICD improves recovery factor by controlling flow and creating even INJECTION CONTROL DEVICE (ICD) water distribution through sleeves (50 ICDs…
  29. January 2018 Corporate Presentation – Crescent Point Energy Corp. – slide 29
    Financial Impact: 100 Annual Injection Well Conversions Corporate Presentation Case 1 Historical Response Year 1 Year 2 Year 3 Year 4 Year 5 Impact to Corporate Decline Rate (100 Annual Conversions) Injectors (net) 100 100 100…
  30. January 2018 Corporate Presentation – Crescent Point Energy Corp. – slide 30
    Economics by Play Corporate Presentation 55 WTI Economics Type Well (EUR) NPV 10% IRR Payout Williston Basin Cost per well (MM) (mbbl) (MM) (%) (months) Viewfield Bakken 50 125 1.4 0.4 3.4 33 239 24 9 Viewfield Bakken…
  31. January 2018 Corporate Presentation – Crescent Point Energy Corp. – slide 31
    Example of CPG Resource Play vs. Oil Sands Projects Corporate Presentation F&D Cost Project IRR Payback Long-Term (/Boe) (%) (Years, Undisc.) Decline Rate CPG RESOURCE PLAY (Incl. Waterflood) Highest Quickest Low Low-Medium…
  32. January 2018 Corporate Presentation – Crescent Point Energy Corp. – slide 32
    Acquisition History: Significant Reserves Growth Corporate Presentation Estimated Acquired TPP Current TPP Total TPP Ult. Increase In Increase In Production to Property Reserves Reserves Recovery TPP Reserves Reserves Date…
  33. January 2018 Corporate Presentation – Crescent Point Energy Corp. – slide 33
    Climate Change Initiatives Corporate Presentation Current Projects Piloting first solar facility in SE Saskatchewan Utilizing drilling rigs powered by cleaner burning natural gas First CPG solar facility in SE Saskatchewan…
  34. January 2018 Corporate Presentation – Crescent Point Energy Corp. – slide 34
    Climate Change Initiatives Emissions Reduction Corporate Presentation Crescent Point continually invests in facilities, pipelines and new technologies to conserve gas and reduce emissions cost effectively and efficiently 0.14…
  35. January 2018 Corporate Presentation – Crescent Point Energy Corp. – slide 35
    Diversified Shareholder Base Corporate Presentation U.S. Ownership as a % 30% 27% % of total shares outstanding 25% 20% 16% 15% 10% Q1/14 Q2/14 Q3/14 Q4/14 Q1/15 Q2/15 Q3/15 Q4/15 Q1/16 Q2/16 Q3/16 Q4/16…
  36. January 2018 Corporate Presentation – Crescent Point Energy Corp. – slide 36
    High Employee Engagement Contributes to Corporate Presentation Strong Corporate Governance 10th annual employee survey delivered to all field and office staff (82% or 823 responded in 2016) measures perception of management…
  37. January 2018 Corporate Presentation – Crescent Point Energy Corp. – slide 37
    Board Renewal Process Supported by Robust Orientation Corporate Presentation 2013 2017 2019 Other key diversity enhancements: 6 new 2 new International experience independent independent Industry members members to be…
  38. January 2018 Corporate Presentation – Crescent Point Energy Corp. – slide 38
    Entrepreneurial Culture Drives Low G&A Corporate Presentation We manage our compensation costs to a competitive level vs our peers Our philosophy is to pay-for-performance under a plan that is: Aligned Accountable Simple…
  39. January 2018 Corporate Presentation – Crescent Point Energy Corp. – slide 39
    Company Information Corporate Presentation BANKER Bank of Nova Scotia AUDITOR PricewaterhouseCoopers LLP LEGAL COUNSEL Norton Rose Fulbright Canada LLP GLJ Petroleum Consultants Ltd. EVALUATION ENGINEERS Sproule Associates…

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