CREATING SUSTAINABLE VALUE July Investor Presentation
Objectives & Priorities Focus on Debt reduction Improve market capital discipline and balance access and free cash flow sheet strength generation Existing production capacity, Free cash flow earmarked for Maximize the pricing supported…
Disciplined 2019 Capital Program Base capital budget of 200 million prioritizes financial strength while maintaining flexibility to support production growth beyond 2019 Budget fully-funded from forecast adjusted 2019 Base Capital…
Significant Cash Build 100,000 bbls/d Strong projected free cash flow provides visibility for substantial debt reduction no outstanding capital markets debt maturity until 2023 Cumulative Year-End Cash Balances at 100,000 bbls/d(1) C…
Capital Markets Debt Maturity Profile Well-structured balance sheet and ample liquidity with long maturity runway Long-term Debt C154MM Cash & Equivalents US in Millions US2.8B Total Debt As of March 31, 2019 US1.4B undrawn credit…
USGC Heavy Oil Market Outlook Well-positioned to access strong USGC market with firm commitment on Flanagan/Seaway, increasing from 50,000 bbls/d currently to 100,000 bbls/d starting mid-2020 USGC Heavy Crude Imports(1) USGC is expected…
Portfolio of Assets Maximize Realized Pricing Strategic marketing assets de-risk the business and enhance net realized bitumen price 30,000 bbls/d rail loading capacity 1.4 mmbbls Western Canadian Storage Secures…
Strategic Market Access Contracted egress capacity in place for up to 90%(1) of volumes in 2H20 with growing exposure to premium USGC market 160 145 mbbls/d blend sales(2) 132 mbbls/d blend sales(2) Western 140 Canada 120 Rail…
Blend Sales by Market Actual 1Q19 results Edmonton (US/bbl) U.S. Gulf Coast (US/bbl) TOTAL TOTAL US/bbl, except as indicated Pipeline FOB Rail Pipeline Delivered Rail (US/bbl) (C/bbl) WTI 54.90 54.90 54.90 54.90 54.90 72.98…
APPENDIX 11
Commodity Price Hedging Strategy focused on protecting capital program while providing flexibility to fund debt reduction and/or growth; targets locking in a realized bitumen price to reduce cash flow volatility As of May 7th, 2019…
Inventory of Highly Economic Growth Optional growth projects identified to support buildout to 210,000 bbls/d at Christina Lake are execution ready pace of growth dependent on market conditions 210,000+ bbls/d +52,000+ bbls/d…
Material Unrecognized Value from Tax Pools 5.9 billion of tax pools immediately deductible Composition of Tax Pools (C billion) Amount of Pools Illustrative Value of Tax Pools Utilized by Year(1) at 8.0% Discount Rate Non-Capital…
Investor Relations Helen Kelly Director, Investor Relations T 403.767.6206 E helen.kellymegenergy.com
Loading...
