Sundance Energy Investor Presentation March 2019 sundanceenergy.net
A Leading Pure Play Eagle Ford Producer Strategic Focus on Operating Within Cash Flow to Deliver Prudent Growth Firm commitment to operating within cash flow during 2019 ASX Symbol: SEA Nasdaq Symbol: SNDE Flexible development plan…
Production & Sales Volume Growth(1) 2019 Plan Will Deliver Continued Production and Sales Volume Growth 18.0 Sales Volumes Production Volumes 16.0 14.0 MBoepd 12.0 10.0 8.0 6.0 4.0 2.0 0.0 FY18 4Q18 1Q19 FY19 Guidance…
2019 Summary Guidance(1) 2019 Plan Is To Operate Within Cashflow to Deliver Production and Cash Flow Growth While Deleveraging First Quarter Full Year 2019 2019 Average Net Production (boe/d): 13,000 - 14,000 15,500 - 17,000…
Cycle-Tested Leadership Team Sundances DNA is building and profitably monetizing core positions in US shale basins Transition to a North American focus via acquisitions in Williston, Arkoma and Successful exit of the DJ Anadarko Basins…
Eagle Ford Shale Basin Overview Proximity to both HSC Refining and Corpus Christi export markets provides optionality and premium pricing Houston Ship Channel Refining Market Sundance currently receives netback pricing of WTI plus…
Strong Balance Sheet With Excellent Liquidity Profile
Capitalization Table and Available Liquidity Strong balance sheet and significant liquidity, with no debt maturities until 3rd Quarter of 2022 Available Liquidity(2) Per 2019 Forecast Cash and Equivalents 47.1mm Sufficient Available…
Moderate Leverage & Valuation Discount Sundances leverage levels are quite reasonable as compared to its Eagle Ford and Small/Micro Cap Peers 2019 anticipated to be a deleveraging year, with peak net debt coming in 2Q19 Significant…
Excellent Results Driven By Premier Asset Quality Asset Quality Allows Growth Under a Variety of Price Environments Transformational 2018 Successfully executed 221.5mm Pioneer JV acquisition and raised 600mm of new equity and debt…
Debt Maturity and Service Schedule Cash flow is more than adequate to service Sundances peak debt through maturity Ample Cash Flow Available for Debt Service No debt maturities until 3rd Quarter of 2022 Even just running 2019 EBITDA…
Robust 2019 Hedge Book Guarantees Strong Cash Flow Generation Hedging covers 70% of 2019 forecast oil sales volumes at an average 60 per barrel floor price(1) Oil Hedges(1) Gas Hedges(1) 7,000 80.00 10,000 3.50 6,000 70.00 3.00 60.00…
Excellent Asset Quality & Well Results
Sundance Initial Production Rates vs Peers Recent Sundance IP rates compare very favorably to 2018 results from Eagle Ford peers IP30/1,000 GPI Oil IP30 boepd (norm 1,000) Operator Operator Operator Operator Operator SEA Operator…
Relieving Midstream Capacity Constraints Sundance is executing a solution with its midstream partner to be finalized by late 1Q19 or early 2Q19 Solution to CGP-41 Capacity Constraints Underway As previously disclosed, Sundances…
Area 41 Live Oak LEF Single Well Type Curve Economics Single Well Economics at strip pricing as of 01/01/2019 Single Well Economics Type Curve Assumptions(1) 2018 Performance vs Type Curve Area 41 Live Oak Type Curve Lower Eagle Ford…
Area 41 Atascosa LEF Single Well Type Curve Economics Single Well Economics at strip pricing as of 01/01/2019 Single Well Economics Type Curve Assumptions(1) Area 41 Atascosa Type Curve Lower Eagle Ford GPI (ft) 5,500 Gross EUR (Mboe)…
McMullen LEF Single Well Type Curve Economics Single Well Economics at strip pricing as of 01/01/2019 Single Well Economics Type Curve Assumptions(1) McMullen Type Curve Lower Eagle Ford GPI (ft) 6,600 Gross EUR (Mboe) 391 IP30 (Bopm)…
Appendix Detailed Information
Corporate Debt Overview Reserve Based Loan A Note On Reserve Based Loans Amount: 250 MM (122.5 MM availability; 65 MM drawn)(1) Reserve Based Loans effectively function as revolvers. Redetermination: Bi-annually Availability…
High Quality Reservoir Across Acreage Position Eagle Ford Reservoir Properties A EGFD thickness ranges from 130-205 Lower Eagle Ford averages 125 feet across position Thickness and recoverable hydrocarbons in place allow for wine…
Assets Deliver Attractive Returns At Lower Oil Prices Over 17 Years of Highly Economic Eagle Ford Drilling Inventory (1) Drilling Inventory By Location Area Atascosa La Salle Live Oak McMullen 21 McMullen 32 McMullen Dimmit Total…
Impressive Preliminary Well Results Outperforming Expectations Transformational 2018 Delivered Robust Production Ramp Placed 23 total wells on production in 2018 (7 on legacy assets, 16 on acquired Pioneer assets) Brought 11 wells…
2018 Development Legacy Acreage Legacy Acreage Development Detail(1) 2 Peeler Ranch Two Well Pad 7 wells drilled, completed and brought online 8HC & 9HC 2-well Bracken pad drilled and currently being completed Well costs and results…
2018 Development Newly Acquired Acreage Newly Acquired Acreage Development Detail 2 4 Justin Tom Two Well Pad James Keith Esse Four Well Pad 16 wells drilled, completed and placed on production 05H & 06H 06H, 07H, 08H & 09H All well…
Summary Sundance Investment Highlights High Quality Asset Base Material Inventory With Low Full-Cycle Break Even Costs 17+ years of highly attractive Tier 1 drilling inventory with 1,110MM of 1P PV10 as at year end 2018(1) Full-cycle…
For Additional Information Please Contact: United States John Roberts, VP Finance & Investor Relations jrobertssundanceenergy.net +1 (720) 638-2400 Eric McCrady, CEO & Managing Director emccradysundanceenergy.net +1 (303) 543-5703…
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