Overview Falcons primary assets are located in the core of the Eagle Ford under premier operators and benefit from premium pricing Market / Asset Overview Core of the Eagle Ford Shale NASDAQ Ticker FLMN Market Capitalization (1)…
A History of Market Leading Returns Falcons management team has a long history of creating energy enterprises (Atlas companies) and providing substantial shareholder returns Atlas Energy grows to become one of the Atlas Pipeline…
A Model of Consistent Free Cash Flow Falcons royalty business offers a unique and highly effective business model that provides consistent, high cash margin returns to shareholders Core oil-rich Eagle Ford position + Top-tier…
Benefits of Falcon Minerals vs. Traditional Energy E&P Falcon Oilfield E&P Midstream Non- Minerals Services Operated Operated No Operating Costs or Capital Expenditures Consistent, High Margins in Excess of 80% No Negative…
Falcon is an Attractive Model vs. Other Yield Vehicles EBITDA Margin (1) LQA Yield (2) 80% 10.4% 9.0% 58% 47% 3.5% 3.2% 30% FLMN REITs MLPs Utilities FLMN MLPs REITs Utilities Note: MLPs include 10 largest…
Eagle Ford: Falcons Premier Asset Base Key Highlights Historical LLS Differential to WTI (/Bbl) LLS-based prices in the Eagle Ford have been historically positive vs. WTI Core of the Eagle Ford: Dewitt, Karnes & 12 Gonzales Counties…
World Class Operators Developing Falcons Position Approximately 50% of ConocoPhillips, BP/Devon and EOGs Eagle Ford rigs are running on Falcons assets Operators Core of the Core in the Eagle Ford Shale Announced addition of a seventh…
Development Activity 1H 19 Development Historical Development Activity Steady increase in rig count from Q1 19 to Q2 19 Anticipate additional wells TIL Avg. Active Rigs Avg. Active Rigs related to Q2 19 as incremental Q1 19: 5 rigs…
Hooks Ranch Update Four Hooks Ranch wells were spud in July 2019 Hooks Ranch Development Hooks Ranch Lease Falcon Minerals has a 22.5% royalty interest in the Hooks Ranch position Four Hooks Ranch wells permitted in May 2019 and…
Dividend Payouts and Sustainability Falcons high cash flow margin and no capital requirements result in long-term dividend returns to shareholders Dividends Sourced from Strong Free Cash Flow Falcons mineral assets generate cash flow…
Financial Overview Capitalization as of 6/30/19 Strong free cash flow generation Cash 2.9mm Falcon has consistently paid over 90% of its free cash flow back to its shareholders Revolving Credit Facility Borrowing 36.5mm through a…
Key Takeaways Significant line of sight production driven by increases in rig count and higher NRI wells coming online Hooks Ranch development in process 4 wells are actively being developed Fully dedicated and aligned…
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