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January 2019 Coporate Presentation – Crescent Point Energy Corp.

Crescent Point Energy Corp. · Jan 15, 2019 · 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. January 2019 Coporate Presentation – Crescent Point Energy Corp. – slide 1
    January 2019 CORPORATE PRESENTATION 2019 Budget Corporate Presentation CRESCENT POINT CRESCENT POINT
  2. January 2019 Coporate Presentation – Crescent Point Energy Corp. – slide 2
    2019 Highlights CORPORATE PRESENTATION Continued focus on key value drivers of Flexible capital Disciplined budget balance sheet improvement, disciplined allocation of 1.20 - 1.30 billion strategy with ability to 30% lower than…
  3. January 2019 Coporate Presentation – Crescent Point Energy Corp. – slide 3
    2019 Capital Allocation and Production Guidance Capital expenditures reduced 30% vs. 2018E Capital Annual Avg. CORPORATE PRESENTATION Expenditures Production Annual average production unchanged vs. 2018E 1.74B 1.745B 1.74B…
  4. January 2019 Coporate Presentation – Crescent Point Energy Corp. – slide 4
    Maintaining Flexibility in Various Commodity Price Environments CORPORATE PRESENTATION High-Cycle Returns-based capital allocation Live within cash flow Mid-Cycle Maintain or enhance balance sheet strength CRESCENT POINT…
  5. January 2019 Coporate Presentation – Crescent Point Energy Corp. – slide 5
    Transition Plan to Create Shareholder Value CORPORATE PRESENTATION Reducing of Dispositions Operating Areas Focused Asset Base CRESCENT POINT Stronger Balance Sheet Decline Mitigation Cost Reductions Improved…
  6. January 2019 Coporate Presentation – Crescent Point Energy Corp. – slide 6
    Cost Focus Corporate Culture CORPORATE PRESENTATION Capital Costs G&A Operating Expenses 2019 budget incorporates realized Workforce reduction of 17% in Reduced controllable operating capital cost reductions to date of 2018 with…
  7. January 2019 Coporate Presentation – Crescent Point Energy Corp. – slide 7
    Targeting Improved Balance Sheet Strength Optimal Leverage Scenarios (D/CF) CORPORATE PRESENTATION Low-Cycle D/CF 2.0X Tools for Balance Sheet Improvement: D/CF Mid-Cycle 2.0X D/CF 1.5X 1. Dispositions Q2 2018…
  8. January 2019 Coporate Presentation – Crescent Point Energy Corp. – slide 8
    Commodity Hedging Strategy CORPORATE PRESENTATION 51% 27% 11% H1 2019 H2 2019 Q1 2020 80,000 90.00 70,000 Oil Hedge Volume (bbl/d) 60,000 80.00 CAD per bbl 50,000 CRESCENT POINT 40,000 70.00 30,000 20,000…
  9. January 2019 Coporate Presentation – Crescent Point Energy Corp. – slide 9
    Canadian Market Access and Pricing Advantage Canadian oil differentials have recently been volatile CORPORATE PRESENTATION CPG less impacted due to location and quality of its assets 90% of oil production either downstream of…
  10. January 2019 Coporate Presentation – Crescent Point Energy Corp. – slide 10
    Focused Asset Base CORPORATE PRESENTATION Key Focus Areas Three high-quality resource plays located in Saskatchewan Large resource in place with 13 billion bbl of OOIP Significant drilling inventory with 1.65 million net acres of…
  11. January 2019 Coporate Presentation – Crescent Point Energy Corp. – slide 11
    Viewfield Bakken CORPORATE PRESENTATION Significant free cash flow generation Infill economics within top quartile of corporate inventory Increased waterflood scalability and cost optimizations through ongoing unitization and…
  12. January 2019 Coporate Presentation – Crescent Point Energy Corp. – slide 12
    Shaunavon Low-risk, high-return drilling inventory with reserves upside CORPORATE PRESENTATION Low operating costs with established infrastructure Free cash flow positive Consistent implementation of waterflood NOI vs.…
  13. January 2019 Coporate Presentation – Crescent Point Energy Corp. – slide 13
    Flat Lake CORPORATE PRESENTATION Multi-zone resource play with organic drilling growth Near-term free cash flow neutral to slightly positive Strong reserves upside with significant unbooked running room Opportunity to enhance…
  14. January 2019 Coporate Presentation – Crescent Point Energy Corp. – slide 14
    Emerging Play: Uinta Basin Multi-zone resource play with a current focus on developing the CORPORATE PRESENTATION Wasatch, Uteland Butte and Castle Peak zones Strong well results to date with an opportunity to enhance returns…
  15. January 2019 Coporate Presentation – Crescent Point Energy Corp. – slide 15
    Early Stage Play: East Shale Duvernay CORPORATE PRESENTATION Bigoray Strategically targeted oil window based on thicker pay, higher pressure, depth and maturity Drilled several wells (operated and non-operated) to date with…
  16. January 2019 Coporate Presentation – Crescent Point Energy Corp. – slide 16
    CRESCENT POINT CORPORATE PRESENTATION Appendix October 2018
  17. January 2019 Coporate Presentation – Crescent Point Energy Corp. – slide 17
    Capital Markets Summary and 2019 Guidance CORPORATE PRESENTATION Capital Markets Summary 2019 Guidance CPG (TSX and NYSE) Trading Price (Jan 9, 2019) C4.56 (TSX), US3.45 (NYSE) Capital Expenditures 1.20 - 1.30 billion Shares…
  18. January 2019 Coporate Presentation – Crescent Point Energy Corp. – slide 18
    Economics Potential to further improve economics due to improvements in cost structure and overall efficiencies CORPORATE PRESENTATION 50 WTI 55 WTI Type Well Cost per Payout Payout Key Focus Areas PI Ratio PI Ratio (EUR)…
  19. January 2019 Coporate Presentation – Crescent Point Energy Corp. – slide 19
    Balance Sheet Composition CORPORATE PRESENTATION Debt Composition (CAD) as of September 30, 2018 Near-Term Senior Guaranteed Notes 250 Maturity Schedule* 224 200 185 1.9B 1.7B Senior Cash & 158 Million CAD Guaranteed…
  20. January 2019 Coporate Presentation – Crescent Point Energy Corp. – slide 20
    Committed to Strengthening Balance Sheet CORPORATE PRESENTATION 400 300 Million CAD CRESCENT POINT New management team 200 focused on dispositions with proceeds directed to debt reduction and enhancing 100…
  21. January 2019 Coporate Presentation – Crescent Point Energy Corp. – slide 21
    Disciplined Capital Allocation Process CORPORATE PRESENTATION CONSISTENT LONG-TERM RISK-ADJUSTED CAPITAL & DECLINE DEVELOPMENT RETURNS ACTIVITY MITIGATION GOALS LEVELS CRESCENT POINT RISK-ADJUSTED CONSISTENT CAPITAL &…
  22. January 2019 Coporate Presentation – Crescent Point Energy Corp. – slide 22
    Improving Returns CORPORATE PRESENTATION Facilities Infrastructure Monetization Reduced of Production Operating Areas Single-Well Optimization CRESCENT POINT Economics Disciplined Capital (Half-Cycle) Land &…
  23. January 2019 Coporate Presentation – Crescent Point Energy Corp. – slide 23
    Decline Mitigation Benefits Challenges CORPORATE PRESENTATION Increase production, reserves, recovery factor Not widely understood by market Low F&D cost Sacrifice short-term production Increases NPV, high P/I ratio Takes time…
  24. January 2019 Coporate Presentation – Crescent Point Energy Corp. – slide 24
    Transition Plan Deliverables Crescent Point has established the following deliverables CORPORATE PRESENTATION FOCUS ASSET BASE WITH FEWER Dispose select upstream assets to focus asset base OPERATING AREAS NET DEBT Net…
  25. January 2019 Coporate Presentation – Crescent Point Energy Corp. – slide 25
    Actions to Date Shareholder Value Creation CORPORATE PRESENTATION Applying for NCIB for up to 7% of total shares o/s based on current market conditions 355 million of dispositions in 2018, with continued focus on a disciplined…
  26. January 2019 Coporate Presentation – Crescent Point Energy Corp. – slide 26
    Governance: Board Renewal Process 2013 2018 2019 CORPORATE PRESENTATION Other key diversity enhancements: 7 new At least 2 new International experience independent independent Industry members members to be Gender since 2014…
  27. January 2019 Coporate Presentation – Crescent Point Energy Corp. – slide 27
    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 Limited…

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