Sundance Energy Investor Presentation July 2019 sundanceenergy.net
A Leading Pure Play Eagle Ford Producer Strategic Focus on Delivering Growth While Operating Within Cash Flow ASX Symbol: SEA Commitment to operating within cash flow while growing production and EBITDA Nasdaq Symbol: SNDE 8 wells…
Summary Quarterly and Full Year 2019 Guidance(1) 2019 Plan Is To Operate Within Cashflow to Deliver Production and Cash Flow Growth While Deleveraging Second Quarter Full Year 2019 2019 Average Sales Volumes (boe/d): 13,500 - 14,000…
Announced Sale of Dimmit County Asset Definitive agreement in place to sell all Dimmit County assets for 29.5 MM purchase price Dimmit Transaction Overview Sale of all remaining Dimmit County assets 19 gross PDP wells 6,100 net acres…
Capitalization Table and Available Liquidity Strong balance sheet and significant liquidity, with no debt maturities until 4th Quarter of 2022 Available 2019 Liquidity(1) May 2019 borrowing base redetermination As of 31 March 2019…
Corporate Debt Overview Reserve Based Loan First Quarter 2019 Debt Covenant Metrics Amount: 170.0 MM availability; 95 MM drawn(1) Total Debt to Expected 2019 EBITDAX: 2.0x Redetermination: Bi-annually Current Ratio(1): 1.1x Coupon:…
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 4th Quarter of 2022 Running just 2019 EBITDA…
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…
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 Highest Quality Tier 1 Eagle Ford Drilling Inventory (1) Drilling Inventory By Location Area Atascosa La Salle Live Oak McMullen 21 McMullen 32 McMullen Total…
Valuation Discount & Moderate Leverage Significant Valuation Discount and Moderate Leverage Compared to Small/Mid Cap & Eagle Ford Peer Groups(1) 2019 anticipated to be a deleveraging year, with peak net debt coming in 2Q19 8.0x 7.0x…
Positioning for Improved Liquidity and Valuation Sundance is exploring opportunities for improving trading liquidity and valuation, including the possibility of moving its place of incorporation and primary listing from Australia to the…
Robust 2019 Hedge Book Guarantees Strong Cash Flow Generation Hedging covers 81% of remaining 2019 forecast oil sales volumes at an average 60 per barrel floor price(1) Oil Hedges(1) Gas Hedges(1) 9,000 80.00 9,000 3.50 8,000 70.00…
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…
Appendix: Reserves Assumptions
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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