BUSINESS OVERVIEW Founded in 1908, SM Energy is a premier operator of top tier assets SM ENERGY is an independent exploration and production (E&P) Quality Acreage in Tier 1 Areas company that is focused on delivering long-term growth…
2016 2018 YTD STRATEGIC TRANSFORMATION TRANSFORMING OUR PORTFOLIO AND STRENGTHENING OUR BALANCE SHEET Strategic Initiatives Transitioned Portfolio to Acquired Acquired additional Midland Basin assets for 2.5B Top Tier Newly…
3Q 2018 UPDATE TRANSITION PERIOD TURNS TO GROWTH 2.8B +70%y/y 1.2B 40/BOE 635 Market Cap(1) Cash flow growth(2) Liquidity(3) Permian Operating Margin(4) Full-time employees(5) 3Q Developments High margin production growth…
2018 - MOVING FORWARD POSITIONING THE COMPANY FOR LONG-TERM VALUE CREATION Priorities Going Forward Generate Competitive Growth in Cash Flow per Debt Adjusted Share Focus on assets that generate highest returns Generate high…
ALIGNED CEO COMPENSATION WITH THE COMMODITY MARKET, PEERS AND OUR STRATEGIC TRANSFORMATION The Compensation Committee has been Responsive to Changing Market Conditions, Company Actions and Peer Analysis Compensation Committee Peer…
CEO COMPENSATION PLAN TARGETS AND OUTCOMES The Design of our Long-Term Incentive Plan has Effectively Matched Pay with Performance (28.6)% (57.9)% (28.6)% 2012-2015 2013-2016 2014-2017 TSR(1) TSR(1) TSR(1) Realized pay 27%…
CEO COMPENSATION PROGRAM DETAILS Our program is designed to promote superior returns for our stockholders, align executive pay with company performance throughout industry cycles and incorporate our significant portfolio asset mix…
HIGHLY SKILLED AND EXPERIENCED BOARD William D. Sullivan Larry W. Bickle Carla Bailo Independent Chairman of the Board Added to the Board in October 2018 Former EVP, Exploration and Former Chairman of the Board and Serves as President…
BOARDS COMMITMENT TO STRONG COMPENSATION AND GOVERNANCE PRACTICES What We Do: What We Do Not Do: Robust shareholder engagement program x No poison pill Highly independent and qualified Board composed of diverse directors with…
BUILDING THE RIGHT CULTURE COMMITMENT TO ETHICAL OPERATIONS AND CORE VALUES We are committed to honoring our core values, including conducting our business with ethics and integrity and in compliance with applicable laws and…
RESPONSIBLE RESOURCE STEWARDSHIP MANAGING THE USE OF KEY RESOURCES AND OPERATING RESPONSIBLY Protecting natural resources and being a good steward of the environment are integral to our commitment to responsibly and safely operate…