Magnolia Oil & Gas Corporation Investor Presentation March 2019
Magnolia Oil & Gas Overview Highquality, lowrisk pureplay South Texas operator with a core 456,000 Net Acre Position Targeting Two of the Top Eagle Ford and Austin Chalk position acquired at an attractive entry Oil Plays in the U.S.…
Corporate Execution of Business Model and Strategy Magnolia Value Creation Strategy 2018 and Q4 Achievements (1) 1 Consistent organic production growth Organic production growth of 5% Q/Q 2 High fullcycle operating margins…
Magnolia Oil & Gas Q4 Key Metrics Q4 2018 Earnings Q4 Total Production Q4 2018 Production Guidance 33 Million or 0.21/sh 61.9 Mboe/d 59 Mboe/d 58 Million (Including NCI) Adjusted Operating Margin (/Boe, %) (1) Q4 2018 Adjusted…
Magnolia Oil & Gas - Free Cash Flow Model Our objective is to manage the business to generate meaningful free cash flow while providing moderate production growth D&C capex spend is planned within 60% of EBITDAX, irrespective of…
Successor Period Cash Flow Reconciliation ( in millions) 22 142 331 147 136 116 Opening Cash Operating Cash Flow (2) Other (3) Capital Spending Acquisitions Cash After 12/31/18 (1) Transaction (1)…
Magnolia Oil & Gas Focus on High Margins Successor Successor For the Quarter Ended July 31, 2018 through / Boe, unless otherwise noted December 31, 2018 December 31, 2018 Revenue 44.75 46.63 Less: Lease Operating Expenses (3.46)…
Asset Overview
Karnes County Core Eagle Ford and Austin Chalk Key Asset Highlights Premier Position in the Core of the Eagle Ford Worldclass acreage footprint located in the core of the Eagle Ford, substantially derisked 16,841 net acres (31,078…
Located in an Attractive Neighborhood BP Core position in Karnes County Oil Window adjacent to EOG and Marathon with 28 to 32/barrel breakevens(1) and less than 1year new well paybacks (1) Source: RSEG 11
Karnes County Results Show Superior Economics Results in Karnes County are some the best in North America Karnes Eagle Ford and Austin Chalk type curves produce 216,000 and 332,000 barrels of oil, respectively, in their first 12…
Giddings Field Redeveloping as an Emerging Play Giddings Asset Overview Lease Map Emerging, highgrowth asset with extensive inventory potential and significant development flexibility 439,123 net acres, 98% HBP and 87% operated,…
Financial Overview
Magnolia Oil & Gas Financial Policy Capital Spending Plan Targeted at 50 Conservative Financial Statements with 60% of annual EBITDAX Low Financial Leverage (Plan expected to deliver 10%+ of annual…
Business Risks Adequately Managed Level of Risk Generally Acceptable to Magnolia Risk Factor Low Moderate Fully Exposed Geologic/Exploratory Political Cost Risk Reinvestment Commodity Financial 16
Q4 2018 Capital Structure and Liquidity Overview Capital Structure Overview Capitalization & Liquidity (MM) Maintaining low financial leverage profile Capitalization Summary As of 12/31/2018 Net Debt / Total Book Capitalization of…
Magnolia Oil & Gas Summary Balance Sheet (in thousands) Successor Predecessor December 31, 2018 December 31, 2017 Cash 135,758 Current assets 156,601 114,536 Property, plant and equipment, net 3,073,204 1,565,537 Other…
Cash Flow Priorities to Maximize Shareholder Returns Accretive BoltOn Acquisitions Debt Share Reduction Repurchases Return focused Value Creation With a targeted goal of always being free cash flow positive, Magnolia…
Summary Investment Highlights High Quality Assets Positioned for Success Coveted position in core of Karnes County with industry leading breakevens between 28 - 32 per barrel(1) Emerging position in the Giddings Field with results…
Appendix
Magnolia Oil & Gas Operating Highlights Successor Successor For the Quarter Ended July 31, 2018 through December 31, 2018 December 31, 2018 Production: Oil (MBbls) 3,054 5,078 Natural Gas (MMcf) 8,795 14,136 NGLs (MBbls) 1,179…
Reconciliation of Net Income to Adjusted EBITDAX (in thousands) Successor Successor For the Quarter Ended July 31, 2018 through Adjusted EBITDAX reconciliation to net income: December 31, 2018 December 31, 2018 Net income…
Non-GAAP Financial Measures Reconciliation of net income attributable to Class A Common Stock to adjusted earnings Our presentation of adjusted earnings and adjusted earnings per share are nonGAAP measures because they exclude the…
Loading...
