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June 2018 Corporate Presentation – Sundance Energy Australia Limited

Sundance Energy Australia Limited · Jun 6, 2018 · 34 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. June 2018 Corporate Presentation – Sundance Energy Australia Limited – slide 1
    Sundance Energy June Presentation sundanceenergy.net
  2. June 2018 Corporate Presentation – Sundance Energy Australia Limited – slide 2
    Table of Contents Section: 1. Executive Summary 2. Recent Results & Activity 3. Transaction & Asset Overview Appendix: I. Capital Structure & Financial Overview II. Technical Overview III. Reserve Estimate Assumptions IV.…
  3. June 2018 Corporate Presentation – Sundance Energy Australia Limited – slide 3
    Sundance Energy A Leading Pure Play Eagle Ford Producer Recently Announced Acquisition and Legacy Position Creates a Leading Eagle Ford Producer Premier Asset Base in the Eagle Fords Oil and Volatile Oil Window 56,600 net acres with…
  4. June 2018 Corporate Presentation – Sundance Energy Australia Limited – slide 4
    Sundance Energy Investment Highlights Highly Attractive Asset Base with Material Inventory 12+ years of tier 1 drilling inventory with 963.6 MM of 2P PV10 (1) Attractive single well economics across the combined position at existing…
  5. June 2018 Corporate Presentation – Sundance Energy Australia Limited – slide 5
    2018 and 2019 Summary Guidance(1) Significant Operational and Financial Growth Driven By Increased Development Activity 2Q First Half Full Year Full Year 2018 2018 2018 2019 Average P roduc tion (boe/d): 7,000 - 7,500 7,000 - 7,500…
  6. June 2018 Corporate Presentation – Sundance Energy Australia Limited – slide 6
    Recent Results & Activity
  7. June 2018 Corporate Presentation – Sundance Energy Australia Limited – slide 7
    First Quarter 2018 Operational & Financial Results 1Q Production 10,000 35,000 First Quarter 2018 average daily production of 7,000 9,000 30,000 boe/d (net) exclusive of the recently announced 8,000 acquisition 7,000 25,000 6,000…
  8. June 2018 Corporate Presentation – Sundance Energy Australia Limited – slide 8
    Second Quarter 2018 Development Activities Company is Executing Development Plan Production Growth(3) Operations on track to deliver forecast production ramp 174% uplift in Successfully drilled 5 legacy wells. Halliburton Frac crew…
  9. June 2018 Corporate Presentation – Sundance Energy Australia Limited – slide 9
    Transaction & Asset Overview
  10. June 2018 Corporate Presentation – Sundance Energy Australia Limited – slide 10
    Pioneer Joint Venture Acquisition Overview Pioneer Acquisition and Financing Activities Acquired Eagle Ford Assets On 23 April 2018 Sundance completed the acquisition of 21,900 net acres and 1,700 boe/d of production (average for the…
  11. June 2018 Corporate Presentation – Sundance Energy Australia Limited – slide 11
    Acquired Assets Overview Transformational Acquisition Creates a High Quality, Pure-Play Eagle Ford Aggregator Acquired assets are proximal to Sundances existing core properties providing operational benefits and leveraging its technical…
  12. June 2018 Corporate Presentation – Sundance Energy Australia Limited – slide 12
    Growing Sundances Inventory Core inventory expands sharply as a result of the acquisition; provides over 12 years of development(1) Acquired acreage is 100% Held By Production Majority of acquired inventory is within Eagle Fords oil…
  13. June 2018 Corporate Presentation – Sundance Energy Australia Limited – slide 13
    Highly Economic Inventory Additions Sundances has acquired highly economic inventory, delivering attractive returns across the cycle Locations EUR in IRR Crude Strip IRR 60 Flat Crude IRR 70 Flat Crude County () BOE/Foot & 3/mmbtu…
  14. June 2018 Corporate Presentation – Sundance Energy Australia Limited – slide 14
    Operations Continued Improvements Drive Production Growth Ryder Scott Reserves Do Not Include Potential Upside Cumulative Production by Proppant Concentration(1) From Further Enhanced…
  15. June 2018 Corporate Presentation – Sundance Energy Australia Limited – slide 15
    Investment Highlights Mobilized first rig to acquired assets within 3 weeks of closing acquisition which drives initial 30-day production results in Q4 2018 Contracted second rig that is scheduled to mobilize to acquired assets in…
  16. June 2018 Corporate Presentation – Sundance Energy Australia Limited – slide 16
    Appendix I Capital Structure & Financial Overview
  17. June 2018 Corporate Presentation – Sundance Energy Australia Limited – slide 17
    Debt Financing Overview Reserve Based Loan Amount: 250 MM Redetermination: Bi-annually Coupon: Floating, Libor +100bps+ an additional 150-250 bps RBL Margin At Various Borrowing Base Utilization Ranges depending on utilization of…
  18. June 2018 Corporate Presentation – Sundance Energy Australia Limited – slide 18
    Risk Management Overview Commodity Price Hedging Hedging covers 54% of 2018 and 17% of 2019 forecast oil production (1) Proactive hedging strategy provides downside protection against commodity price risk Oil Hedges(1) Gas Hedges(1)…
  19. June 2018 Corporate Presentation – Sundance Energy Australia Limited – slide 19
    Risk Management Overview 3 Way Color Explanation THREE WAY COLLAR (35 BY 50 BY 60 EXAMPLE) Potential Opportunity Loss Potential Gain Three-way collars protect downside while providing upside exposure Sundance currently…
  20. June 2018 Corporate Presentation – Sundance Energy Australia Limited – slide 20
    Financial Results for First Quarter 2018 PRODUCTION AND PRICING FIGURES 1Q18 Production & Pricing Three Months Ended March 31, % Unaudited 2018 2017 Change 1Q18 net production increased 5% YOY to 630,183 Boe, or 7,002 Net Sales…
  21. June 2018 Corporate Presentation – Sundance Energy Australia Limited – slide 21
    Financial Results for First Quarter 2018 (contd) CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS Three Months Ended March 31, Unaudited (US000s) 2018 2017 Revenue 24,036 23,233 Lease operating and production tax expense (8,515)…
  22. June 2018 Corporate Presentation – Sundance Energy Australia Limited – slide 22
    Financial Results for First Quarter 2018 (contd) CONDENSED CONSOLIDATED BALANCE SHEETS Balance Sheet Call Outs (US000s) March 31, 2018 December 31, 2017 (Unaudited) (Audited) Does not fully reflect the impact of either the Pioneer JV…
  23. June 2018 Corporate Presentation – Sundance Energy Australia Limited – slide 23
    Financial Results for First Quarter 2018 (contd) CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS Statement of Cash Flow Call Outs Three Months Ended March 31, Does not fully reflect the impact of either the Pioneer JV acquisition…
  24. June 2018 Corporate Presentation – Sundance Energy Australia Limited – slide 24
    Appendix II Technical Overview
  25. June 2018 Corporate Presentation – Sundance Energy Australia Limited – slide 25
    Thick Eagle Ford Section Across Position Thickness of the Lower Eagle Ford averages over 125 feet across Sundances position Recoverable hydrocarbons in place support two landing zones in the Lower Eagle Ford The increase in thickness…
  26. June 2018 Corporate Presentation – Sundance Energy Australia Limited – slide 26
    Area 41 Live Oak LEF Single Well Assumptions Area 41 Live Oak Type Curve Assumptions Locator Map Rate Time Profile (1) Internal Company estimates using Strip NYMEX pricing as of 1 February 2018. Capex is based on 2 wells/pad…
  27. June 2018 Corporate Presentation – Sundance Energy Australia Limited – slide 27
    Area 41 Atascosa LEF Single Well Assumptions Area 41 Atascosa Type Curve Assumptions Locator Map Rate Time Profile (1) Internal Company estimates using Strip NYMEX pricing as of 1 February 2018. Capex is based on 2 wells/pad…
  28. June 2018 Corporate Presentation – Sundance Energy Australia Limited – slide 28
    Area 11 La Salle LEF Single Well Assumptions Area 11 La Salle Type Curve Assumptions Locator Map Rate Time Profile (1) Internal Company estimates using Strip NYMEX pricing as of 1 February 2018. Capex is based on 2 wells/pad…
  29. June 2018 Corporate Presentation – Sundance Energy Australia Limited – slide 29
    Area 21 McMullen LEF Single Well Assumptions Area 21 McMullen Type Curve Assumptions Locator Map Rate Time Profile (1) Internal Company estimates using Strip NYMEX pricing as of 1 February 2018. Capex is based on 2 wells/pad…
  30. June 2018 Corporate Presentation – Sundance Energy Australia Limited – slide 30
    SEA Dimmit Single Well Assumptions SEA Dimmit Type Curve Assumptions Locator Map MAVERICK DIMMIT Rate Time Profile (1) Internal Company estimates using Strip NYMEX pricing as of 1 February 2018. Capex is based on 2 wells/pad…
  31. June 2018 Corporate Presentation – Sundance Energy Australia Limited – slide 31
    SEA McMullen Single Well Assumptions SEA McMullen Type Curve Assumptions Locator Map Rate Time Profile (1) Internal Company estimates using Strip NYMEX pricing as of 1 February 2018. Capex is based on 2 wells/pad 35
  32. June 2018 Corporate Presentation – Sundance Energy Australia Limited – slide 32
    Appendix III Reserve Estimate Assumptions
  33. June 2018 Corporate Presentation – Sundance Energy Australia Limited – slide 33
    Appendix IV Glossary
  34. June 2018 Corporate Presentation – Sundance Energy Australia Limited – slide 34
    Glossary Term Meaning 1P Or proved reserves are those reserves that should have at least a 90% probability that the quantities actually recovered will meet or exceed the estimate 2P Or the Sum of Proved Reserves plus Probable Reserves…

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