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Citi group Executive Energy Conference – Chesapeake Energy Corp

Chesapeake Energy Corp · Dec 6, 2018 · 20 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. Citi group Executive Energy Conference – Chesapeake Energy Corp – slide 1
    THE TRANSFORMATION AND THE FUTURE Doug Lawler President and Chief Executive Officer
  2. Citi group Executive Energy Conference – Chesapeake Energy Corp – slide 2
    UNCONVENTIONAL TRAILBLAZER The Early Years CHK: The Transformation & The Future 3
  3. Citi group Executive Energy Conference – Chesapeake Energy Corp – slide 3
    Entered PRODUCTION AND DEBT Niobrara Entered Entered Divested Barnett Eagle Ford Permian Entered Divested Fayetteville Fayetteville Entered Entered Haynesville Marcellus 1989 2000 Entered Entered Oklahoma Permian Utica…
  4. Citi group Executive Energy Conference – Chesapeake Energy Corp – slide 4
    COMPLEXITY ACROSS ALL ASPECTS OF THE COMPANY 21.25 billion Companies CHK owned or invested in: Total leverage 45,400 gross wells Interests 7 joint ventures With 5 different companies 10 VPPS 12,000 employees Governance…
  5. Citi group Executive Energy Conference – Chesapeake Energy Corp – slide 5
    The Transformation CHK: The Transformation & The Future 6
  6. Citi group Executive Energy Conference – Chesapeake Energy Corp – slide 6
    CHK: The Transformation & The Future 7
  7. Citi group Executive Energy Conference – Chesapeake Energy Corp – slide 7
    THE GREATEST CHALLENGE IN THE INDUSTRY + + + + LOW HIGH CASH HIGH POOR HIGH MARGINS COSTS DEBT CAPITAL TRANSPORTATION EFFICIENCY COSTS In 2013, by any measure, a bottom-quartile-performing company Focused on volume not…
  8. Citi group Executive Energy Conference – Chesapeake Energy Corp – slide 8
    CORE VALUES Integrity and trust Respect Transparency and BUSINESS STRATEGIES open communication Financial discipline Commercial focus Profitable and efficient growth Change leadership from captured resources Exploration…
  9. Citi group Executive Energy Conference – Chesapeake Energy Corp – slide 9
    CAPITAL EFFICIENCY DEFINED Equivalent Production and Capex 800 16.00 700 14.00 600 12.00 Net Production (mboe/d) Capex ( billions) 500 10.00 400 8.00 300 6.00 200 4.00 100 2.00 0 0.00 2012 2013 2014 2015…
  10. Citi group Executive Energy Conference – Chesapeake Energy Corp – slide 10
    CASH COST LEADERSHIP Production Expense G&A 1,400 600 2.50 5.25 1,200 4.50 500 2.00 1,000 3.75 400 G&A ( millions) LOE ( millions) G&A (/boe) 1.50 LOE (/boe) 800 3.00 300 600 2.25 1.00 200 400 1.50…
  11. Citi group Executive Energy Conference – Chesapeake Energy Corp – slide 11
    OPTIMIZING DOWNSTREAM COMMITMENTS FURTHER INCREASE EBITDA 10.3 billion reduction 1.75/boe reduction In midstream and marketing In cash cost structure realized commitments since 2014 In cash cost structure GP&T/BOE () GP&T…
  12. Citi group Executive Energy Conference – Chesapeake Energy Corp – slide 12
    TRANSFORMED INTO A MORE (1) COMPETITIVE COMPANY 92% improvement across all key EHS metrics TOTAL LEVERAGE CASH COSTS (2) Eliminated Removed over 12.2 billion 1 billion Since 2012 Since 2012 ANNUAL GP&T EXPENSE MIDSTEAM AND…
  13. Citi group Executive Energy Conference – Chesapeake Energy Corp – slide 13
    The Future CHK: The Transformation & The Future 14
  14. Citi group Executive Energy Conference – Chesapeake Energy Corp – slide 14
    CHK TODAY: DIVERSE & STRONG PORTFOLIO CORE POSITIONS ACROSS MULTIPLE BASINS Powder River Basin: Oil-growth Engine Marcellus: Leading the Industry Oil production will more than double in 2019 Generating 350 million in free cash…
  15. Citi group Executive Energy Conference – Chesapeake Energy Corp – slide 15
    WILDHORSE ACQUISITION ACCELERATES CHESAPEAKES STRATEGIC PLAN Acquisition of WildHorse Margin Enhancement Increases margins from high-value oil production Free Cash Flow Accelerates transition to positive free cash flow Long…
  16. Citi group Executive Energy Conference – Chesapeake Energy Corp – slide 16
    ACCELERATING VALUE, (1) DELIVERING ON OUR PROMISES 170 160165 30 130 125130 Enhances Improves 19 25 80 oil mix percentage bbls/d % oil oil production approximately approximately 2x by 2020 (2) CHK18E PF19E…
  17. Citi group Executive Energy Conference – Chesapeake Energy Corp – slide 17
    CHESAPEAKES VALUE OPPORTUNITY Technical and Operational Excellence Improved Capital NAV Drives Value Recovery Efficiency Impact Drilling and Completions Optimization Reduced costs through improved performance and execution…
  18. Citi group Executive Energy Conference – Chesapeake Energy Corp – slide 18
    ACCELERATES CHKS STRATEGIC AND FINANCIAL PLAN Adds significant premier Eagle Ford asset at attractive valuation Increases cash flow generation with profitable oil growth Materially improves margins and financial profile…
  19. Citi group Executive Energy Conference – Chesapeake Energy Corp – slide 19
    ACQUISITION CREATES PREMIER DIVERSIFIED INDEPENDENT WITH SIGNIFICANT HIGH-MARGIN OIL-GROWTH RUNWAY Targeting 80%+ of future drilling and completion activity focused on high-margin oil-growth assets High-margin Oil-growth…
  20. Citi group Executive Energy Conference – Chesapeake Energy Corp – slide 20
    HOW DID ALL THIS HAPPEN Power of our people drives our competitive advantage CHK: The Transformation & The Future 21

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