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September 2019 Corporate Presentation – Crescent Point Energy Corp.

Crescent Point Energy Corp. · Sep 3, 2019 · 25 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. September 2019 Corporate Presentation – Crescent Point Energy Corp. – slide 1
    September 2019 CORPORATE PRESENTATION Corporate Presentation CRESCENT POINT CRESCENT POINT
  2. September 2019 Corporate Presentation – Crescent Point Energy Corp. – slide 2
    Disposition of Uinta Basin and Non-Core SE SK Conventional Assets On Sept. 3, 2019, CPG announced the sale of its entire Uinta Basin asset and certain SE SK conventional assets for C912MM CORPORATE PRESENTATION Uinta Basin…
  3. September 2019 Corporate Presentation – Crescent Point Energy Corp. – slide 3
    Transition Plan to Create Shareholder Value CORPORATE PRESENTATION Reducing of Dispositions Operating Areas Focused Asset Base CRESCENT POINT Stronger Balance Sheet Decline Mitigation Cost Efficiencies Improved…
  4. September 2019 Corporate Presentation – Crescent Point Energy Corp. – slide 4
    Improving Overall Results CORPORATE PRESENTATION Increased free cash flow vs. production growth Disciplined Returns-focused budget and active share repurchase program (for up to 7% of shares outstanding) Capital Allocation 350MM…
  5. September 2019 Corporate Presentation – Crescent Point Energy Corp. – slide 5
    Focusing our Asset Base with Key Criteria CORPORATE PRESENTATION Returns AB SK Scalability East Shale CRESCENT POINT Duvernay Shaunavon Free Cash Flow Viewfield Flat Lake ND Market Access Key Focus…
  6. September 2019 Corporate Presentation – Crescent Point Energy Corp. – slide 6
    Improving Balance Sheet Strength 5 CORPORATE PRESENTATION 4.5 4 4.40B 3.5 Targeting additional balance sheet strength through: 3 Disciplined capital allocation 2.5 2.75B Cost efficiencies 2 CRESCENT POINT 1.5…
  7. September 2019 Corporate Presentation – Crescent Point Energy Corp. – slide 7
    Improving Cost Structure CORPORATE PRESENTATION Capital Costs G&A / Operating Expenses Realized 5% improvement in G&A savings of 10% capital costs since late 2018 Operating costs 5% below budget Realized capital cost…
  8. September 2019 Corporate Presentation – Crescent Point Energy Corp. – slide 8
    Disciplined Capital Allocation and Returns Focus CORPORATE PRESENTATION % of Capital Allocated to xcluding the Uinta Basin asset and sale of certain southeast Saskatchewan conventional assets
  9. September 2019 Corporate Presentation – Crescent Point Energy Corp. – slide 9
    Decline Rate Mitigation Improving Sustainability in Key Focus Areas Consistent advancement of waterflood programs in each of the Viewfield Waterflood Example key focus areas: CORPORATE PRESENTATION Decline Rates Adds low cost…
  10. September 2019 Corporate Presentation – Crescent Point Energy Corp. – slide 10
    Commodity Hedging Strategy 80,000 100 Weighted Avg. Hedge Price CORPORATE PRESENTATION 90 Oil Hedge Volume (bbl/d) 60,000 49% 46% 80 (CDN/bbl) 36% 34% 40,000 70 20% 60 20,000 50 - 40 Q4 2019 Q1 2020 Q2…
  11. September 2019 Corporate Presentation – Crescent Point Energy Corp. – slide 11
    Maintaining Flexibility and Discipline in Various Commodity Price Environments CORPORATE PRESENTATION High-Cycle Priorities in All Commodity Price Environments Return-based capital allocation Live within cash flow and/or…
  12. September 2019 Corporate Presentation – Crescent Point Energy Corp. – slide 12
    CRESCENT POINT CORPORATE PRESENTATION Appendix October 2018
  13. September 2019 Corporate Presentation – Crescent Point Energy Corp. – slide 13
    Capital Markets Summary and Revised 2019 Guidance CORPORATE PRESENTATION Capital Markets Summary CPG (TSX and NYSE) 2019 Guidance Prior Revised Trading Price (Aug. 30, 2019) C4.20 (TSX), US3.16 (NYSE) Capital Expenditures 1,200…
  14. September 2019 Corporate Presentation – Crescent Point Energy Corp. – slide 14
    Senior Note Debt Maturities CORPORATE PRESENTATION Significant liquidity and low cost of borrowing (hedged effective interest rate of 4.1%) No foreign exchange risk as 100% of US debt hedged in CAD through swaps (278MM gain as at…
  15. September 2019 Corporate Presentation – Crescent Point Energy Corp. – slide 15
    Viewfield Significant free cash flow generation CORPORATE PRESENTATION Infill economics within top quartile of corporate inventory Recently completed unitization of the fourth original waterflood unit Continue to pursue…
  16. September 2019 Corporate Presentation – Crescent Point Energy Corp. – slide 16
    Shaunavon Low-risk, high-return drilling inventory with reserves upside CORPORATE PRESENTATION Low operating costs with established infrastructure Free cash flow positive at current strip prices Consistent implementation of…
  17. September 2019 Corporate Presentation – Crescent Point Energy Corp. – slide 17
    Flat Lake Multi-zone resource play with organic drilling growth, strong reserves CORPORATE PRESENTATION upside and significant unbooked running room Free cash flow positive at current strip prices Opportunity to enhance…
  18. September 2019 Corporate Presentation – Crescent Point Energy Corp. – slide 18
    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…
  19. September 2019 Corporate Presentation – Crescent Point Energy Corp. – slide 19
    Continued Waterflood Reserves Additions Waterflood Reserves Additions CORPORATE PRESENTATION 25 25% Benefits 20 20% Increases production, reserves, recovery factor Low F&D cost Reserves Additions by Year Increases…
  20. September 2019 Corporate Presentation – Crescent Point Energy Corp. – slide 20
    Canadian Market Access and CPG Pricing Advantage CPG Corporate Realized Oil Pricing vs. AB Index Prices CORPORATE PRESENTATION 90 CAD/bbl 60 30 0 Jan-18 Apr-18 Jul-18 Oct-18 Jan-19 Apr-19 Jun-19 Shaunavon Cromer CPG…
  21. September 2019 Corporate Presentation – Crescent Point Energy Corp. – slide 21
    Governance: Full Board Renewal New chairman effective Sept. 2018 of Indp. Board Members Added 9 Robert Heinemann (former President & CEO of Berry Petroleum) CORPORATE PRESENTATION 6 3 new members added in 2019 John Dielwart…
  22. September 2019 Corporate Presentation – Crescent Point Energy Corp. – slide 22
    Commitment to Environmental Protection CORPORATE PRESENTATION Environmental, Health and Safety (EH&S) Governance Policy reviewed and signed-off annually by President & CEO EH&S committee within the Board provides direction,…
  23. September 2019 Corporate Presentation – Crescent Point Energy Corp. – slide 23
    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 &…
  24. September 2019 Corporate 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. September 2019 Corporate Presentation – Crescent Point Energy Corp. – slide 25
    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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