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October 2019 Corporate Presentation – Bonavista Energy Corp

Bonavista Energy Corp · Oct 24, 2019 · 33 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. October 2019 Corporate Presentation – Bonavista Energy Corp – slide 1
    www.bonavistaenergy.com TSX: BNP
  2. October 2019 Corporate Presentation – Bonavista Energy Corp – slide 2
    Corporate Strategy Global Energy Consumption has Consistently Risen With Diverse Fuel Choices Global Energy Consumption Energy Consumption by Type & Region (2018) 5990 2830 2050 930 900 700 460 mtoe mtoe mtoe mtoe mtoe mtoe mtoe…
  3. October 2019 Corporate Presentation – Bonavista Energy Corp – slide 3
    Corporate Strategy World Global demand for energy will increase by more than 25% by 2040 Energy Outlook Natural gas demand is projected to increase by more than 40% over 2018 levels in 16 years Global energy demand Global demand…
  4. October 2019 Corporate Presentation – Bonavista Energy Corp – slide 4
    Corporate Strategy Abundant, Responsible Canadian Resources Available at Shorter Distances to Protect Our Global Climate Global LNG Supply-Demand Balance 650 600 New LNG supply needed 550 280 mmtpa from 2022 165 mmtpa…
  5. October 2019 Corporate Presentation – Bonavista Energy Corp – slide 5
    Corporate Strategy Canada - A Leader in Lower Emissions Global CO2 Emissions - 2018 Upstream Oil & Natural Gas GHG Emissions in Canada (mtCO2e) Canadian 90 conventional oil & natural gas accounts 85 for 0.16% 80 of global…
  6. October 2019 Corporate Presentation – Bonavista Energy Corp – slide 6
    Corporate Strategy Leader in Environmental Regulation and Compliance How comprehensive are the environmental laws Australia Canada(Alberta) Canada (Alberta) USA (North Dakota) USA (Gulf Coast) Brazil UK Norway Since 2008…
  7. October 2019 Corporate Presentation – Bonavista Energy Corp – slide 7
    Corporate Strategy The worlds appetite for energy is escalating*. the world needs Energy produced the Canadian way is world class. We expect regulation and oversight. We more balance responsible resource development with the…
  8. October 2019 Corporate Presentation – Bonavista Energy Corp – slide 8
    Corporate Overview www.bonavistaenergy.com TSX: BNP 8
  9. October 2019 Corporate Presentation – Bonavista Energy Corp – slide 9
    Corporate Identity A CANADIAN COMPANY, PROUDLY AND EXPERIENCED RESPONSIBLY DEVELOPING CANADIAN NATURAL RESOURCES FOR 22 YEARS. STRATEGICALLY OPERATING IN TWO UNIQUE CORE AREAS OFFERING EFFICIENT INVESTMENT FLEXIBILITY AND…
  10. October 2019 Corporate Presentation – Bonavista Energy Corp – slide 10
    Experienced and Committed 22 Years of Operating in Western Canada more than 25 years average management industry experience 3,000 wells drilled in the WCSB 22 Years Supporting the Canadian Economy 9 2,200 more million…
  11. October 2019 Corporate Presentation – Bonavista Energy Corp – slide 11
    Executing with Incremental Efficiency Continuous improvements in reserve addition costs has enhanced net asset value 2P FD&A* 3-year Cash Costs weighted costs (/boe) 3-year trailing* (/boe) Net Asset Value 12.00 18.00 12.00 3.00…
  12. October 2019 Corporate Presentation – Bonavista Energy Corp – slide 12
    Executing with Environmental Responsibility Greenhouse Gas Emissions Energy Consumption Methane Emissions 1,400 85 30 Thousands Thousands Thousands Tonnes CH4/year GJs/year Tonnes (CO2e) 1,300 80 27 1,200 1,100…
  13. October 2019 Corporate Presentation – Bonavista Energy Corp – slide 13
    Leveraging Technology to Protect the Environment Engaging and collaborating with all stakeholders Partner to develop a robust, continuous emission monitoring solution Real-time technology METHANE Big data analytics, cloud…
  14. October 2019 Corporate Presentation – Bonavista Energy Corp – slide 14
    Committed to Asset Retirement Obligations (ARO) Consistent track record of liability retirement Abandoned 27% of 24% of corporate 150 5 year spend relative to YE2013 ARO (%) 60.0% inactive wells over liabilities retired 5…
  15. October 2019 Corporate Presentation – Bonavista Energy Corp – slide 15
    2019 Philosophy Proven Sustainability 1,500 80,000 70,000 underspent cash flow from op. activities by 47% 2015 -18 1,200 60,000 reduced net debt* by 475 million Production (boe/d) improved 3-year FD&A* by 54% to…
  16. October 2019 Corporate Presentation – Bonavista Energy Corp – slide 16
    2019 Priorities SUSTAINABILITY LONG-TERM VALUE optimizing operating consistently elevating netback and adjusted asset quality with precise funds flow to improve execution and strategic financial flexibility and resource capture…
  17. October 2019 Corporate Presentation – Bonavista Energy Corp – slide 17
    2019 Revenue Diversity and Certainty % of Natural Gas Volumes 2019* Revenue Diversity 2019* Natural Gas Revenue Certainty Exposed to AECO Spot Pricing* 100% 10% 90% AECO 80% Dawn 3.82 20% 70% 60% /mcf 50% 36% 54% 72%…
  18. October 2019 Corporate Presentation – Bonavista Energy Corp – slide 18
    Asset Overview www.bonavistaenergy.com TSX: BNP 18
  19. October 2019 Corporate Presentation – Bonavista Energy Corp – slide 19
    Concentrated Quality Asset Portfolio More than a pure play - two core areas add capital allocation flexibility ALBERTA Deep West 2019 H1 Basin Central Production (boe/d) 23,761 38,168 Liquids and Oil (% of total production) 13%…
  20. October 2019 Corporate Presentation – Bonavista Energy Corp – slide 20
    Enhancing Asset Value in West Central Large, liquids rich resource in the Glauconite R9 R8 R7 R6 R5 R4 R3W5 T42 Predictable, reliable results with ten years of experience, drilling over 350 horizontal wells. T41 Expanding…
  21. October 2019 Corporate Presentation – Bonavista Energy Corp – slide 21
    Enhancing Asset Quality in West Central Focusing on the Glauconite R9 R8 R7 R6 R5W5 T42 Drilled 12 gross wells in 2019 at Strachan and Willesden Green With expanded contiguous land base, extended T41 reach horizontal locations…
  22. October 2019 Corporate Presentation – Bonavista Energy Corp – slide 22
    Enhancing Asset Quality in Deep Basin Execution excellence enhances sustainability R21 R19 R17 R15 Owned and operated infrastructure in place, capable of T57 processing 275 mmcf/d Pine Creek Ansell Operating Area 2015 2018 2019H1…
  23. October 2019 Corporate Presentation – Bonavista Energy Corp – slide 23
    Enhancing Asset Quality with the Duvernay Growth in this Emerging Resource Play Duvernay Total Production (boe/d) (well count, ) West 120,000 Production has Production (boe/d) Well Count 1,000 Shale 100,000 doubled in the 800…
  24. October 2019 Corporate Presentation – Bonavista Energy Corp – slide 24
    Enhancing Asset Quality with the Duvernay Two well pad Bonavista has over 131,000 acres of prospective Duvernay lands licensed June 2019 BNP H2 2019 location Two wells recently on drilled in late Q3 * production at 1,033 bbl/d…
  25. October 2019 Corporate Presentation – Bonavista Energy Corp – slide 25
    Corporate Strategy in Uncertain Macro Environment Elevate asset quality Debt Manage decline Enhance reduction rate margins and Preserve efficiencies drilling inventory * Refer to Advisories Referenced by Slide Number…
  26. October 2019 Corporate Presentation – Bonavista Energy Corp – slide 26
    APPENDIX www.bonavistaenergy.com TSX: BNP 26
  27. October 2019 Corporate Presentation – Bonavista Energy Corp – slide 27
    2018 Performance 2018 Reserve growth in quality and quantity, notwithstanding moderate spending Natural Reserve Natural Percent 2P BT Oil Gas Total Category* Gas Gas NPV10 Liquids REPLACED of 2018 (Bcf) 184 total (Mbbls)…
  28. October 2019 Corporate Presentation – Bonavista Energy Corp – slide 28
    2018 Performance Sustainable asset base supports strengthening our financial position 50% of AFF Invested Stable Production Enhanced Financial Flexibility 80,000 40,000 75,000 75,000 70,000 35,000 70,000 70,000 60,000 65,000…
  29. October 2019 Corporate Presentation – Bonavista Energy Corp – slide 29
    2018 Performance Strategic A&D activity enhanced quality of asset portfolio Edmonton West Central Net property acquisitions and dispositions of 6.0 million Material assets acquired in West Central: +402 boe/d production 3…
  30. October 2019 Corporate Presentation – Bonavista Energy Corp – slide 30
    Strengthen Financial Position Debt structure maturity and F/X hedging profile 180 160 Next maturity November, 140 2020 Bank credit facility - 500 million CDN 120 Bank credit facility, matures September 10, 2021 8 Canadian…
  31. October 2019 Corporate Presentation – Bonavista Energy Corp – slide 31
    Sustainable Energy Future Sustainable growth includes reducing footprint TOP TIER PIPELINE RECORD 1.2 1,200 5.0 9,000 1.8 4.0 8,000 1.6 1.1 1,160 4.0 7,000 1.4 REDUCING EMISSIONS LESS ARO LIABILITIES 3.0 C02e (MM…
  32. October 2019 Corporate Presentation – Bonavista Energy Corp – slide 32
    ADVISORIES www.bonavistaenergy.com TSX: BNP 32
  33. October 2019 Corporate Presentation – Bonavista Energy Corp – slide 33
    CONTACT US Phone: (403) 213-4300 Email: investor.relationsbonavistaenergy.com ADDRESS 1500, 525 8th Ave. SW Calgary, Alberta T2P 1G1 REGISTRAR AND TRANSFER AGENT Computershare Trust Company of Canada Calgary, Alberta STOCK EXCHANGE…

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