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3Q 2019 Corporate Presentation – Crescent Point Energy Corp.

Crescent Point Energy Corp. · Oct 31, 2019 · 22 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. 3Q 2019 Corporate Presentation – Crescent Point Energy Corp. – slide 1
    CORPORATE PRESENTATION Q3 2019 Corporate Presentation CRESCENT POINT CRESCENT POINT
  2. 3Q 2019 Corporate Presentation – Crescent Point Energy Corp. – slide 2
    Q3 2019 Highlights CORPORATE PRESENTATION Financial Expect to reduce net debt by 1.2B in 2019, excluding any additional potential dispositions Q3 adjusted funds flow of 389.2MM (0.71/share, operating netback of 30.93/boe) Executed…
  3. 3Q 2019 Corporate Presentation – Crescent Point Energy Corp. – slide 3
    Executing on Corporate Deliverables Accomplishments Actions CORPORATE PRESENTATION FOCUSING ASSET BASE Executed 950MM of dispositions YTD 2019 REDUCING NET DEBT Net debt expected to be reduced by 1.2B in 2019…
  4. 3Q 2019 Corporate Presentation – Crescent Point Energy Corp. – slide 4
    Dispositions Executed in 2019 Enhance Sustainability CORPORATE PRESENTATION 950MM of Dispositions (YTD 2019) Benefits to Crescent Point: Other Unlocks shareholder value SE Saskatchewan Reduces costs Improves operating…
  5. 3Q 2019 Corporate Presentation – Crescent Point Energy Corp. – slide 5
    Balance Sheet Strength CORPORATE PRESENTATION Expect to reduce net debt by 1.2B in 2019 (1.6B since Q1/18) 1.2B of Liquidity Covenant-based credit facilities and senior notes 2.0B of Liquidity Elected to reduce credit…
  6. 3Q 2019 Corporate Presentation – Crescent Point Energy Corp. – slide 6
    Improving Cost Structure CORPORATE PRESENTATION 10% 7% Future Cost Savings: Workflow optimization Field automation Reduced downtime 10% Focused asset base CRESCENT POINT Capital Cost Operating Cost G&A 170MM of…
  7. 3Q 2019 Corporate Presentation – Crescent Point Energy Corp. – slide 7
    Execution Resulting in Increased Sustainability 2020E Netback (/boe) 2020E D/CF CORPORATE PRESENTATION 40 4.0x Strong assets driving top-tier netbacks 30 3.0x Continue to enhance sustainability and balance 20 2.0x sheet…
  8. 3Q 2019 Corporate Presentation – Crescent Point Energy Corp. – slide 8
    Disciplined Capital Allocation & Share Repurchases CORPORATE PRESENTATION Disciplined Capital Allocation (2019E) Share Repurchases (2019E) 2.63B Total 125MM Total 54MM 1.38B Share repurchases / budgeted for Debt Reduction…
  9. 3Q 2019 Corporate Presentation – Crescent Point Energy Corp. – slide 9
    Focusing our Asset Base with Key Criteria CORPORATE PRESENTATION Returns AB Scalability SK East Shale Duvernay CRESCENT POINT Shaunavon Viewfield Flat Lake Free Cash Flow ND Key Focus Areas Early-stage…
  10. 3Q 2019 Corporate Presentation – Crescent Point Energy Corp. – slide 10
    Commodity Hedging Strategy 80,000 100 CORPORATE PRESENTATION Weighted Avg. Hedge Price Oil Hedge Volume (bbl/d) 90 60,000 49% 46% (CDN/bbl) 80 37% 34% 40,000 70 26% 60 20,000 50 - 40 CRESCENT POINT Q4…
  11. 3Q 2019 Corporate Presentation – Crescent Point Energy Corp. – slide 11
    CRESCENT POINT CORPORATE PRESENTATION Appendix October 2018
  12. 3Q 2019 Corporate Presentation – Crescent Point Energy Corp. – slide 12
    Capital Markets Summary and Narrowed 2019 Guidance CORPORATE PRESENTATION Capital Markets Summary CPG (TSX and NYSE) 2019 Guidance Prior Revised Trading Price (Oct. 25, 2019) C5.37 (TSX), US4.10(NYSE) Capital Expenditures 1,200…
  13. 3Q 2019 Corporate Presentation – Crescent Point Energy Corp. – slide 13
    Commitment to Environmental, Social and Governance (ESG) Performance CORPORATE PRESENTATION Environment Investment in infrastructure resulted in 12% Emissions reductions decrease in absolute emissions in 2018 EH&S Committee of…
  14. 3Q 2019 Corporate Presentation – Crescent Point Energy Corp. – slide 14
    Viewfield Decline Rates Total Viewfield: 25% 4 Original Waterflood Units: 20% with significantly Significant free cash flow generation lower decline rates in more advanced units CORPORATE PRESENTATION Infill economics within top…
  15. 3Q 2019 Corporate Presentation – Crescent Point Energy Corp. – slide 15
    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…
  16. 3Q 2019 Corporate Presentation – Crescent Point Energy Corp. – slide 16
    Flat Lake Free cash flow positive at current strip prices CORPORATE PRESENTATION Opportunity to enhance efficiencies and returns by utilizing new facilities, pad drilling, longer laterals and reducing costs Increasing 2-mile…
  17. 3Q 2019 Corporate Presentation – Crescent Point Energy Corp. – slide 17
    Early-Stage Play: East Shale Duvernay CORPORATE PRESENTATION Bigoray Land base strategically located within oil window based on thicker pay, higher pressure, depth and maturity Encouraging initial results Targeting…
  18. 3Q 2019 Corporate Presentation – Crescent Point Energy Corp. – slide 18
    Senior Note Debt Maturities No material near-term senior note debt maturities CORPORATE PRESENTATION Significant liquidity of 2.0B (estimated at YE/19) No foreign exchange risk as 100% of US principal and interest hedged in CAD…
  19. 3Q 2019 Corporate Presentation – Crescent Point Energy Corp. – slide 19
    Consistent Advancement of Decline Rate Mitigation Consistent Advancement of Waterflood Programs CORPORATE PRESENTATION ( of well conversions per year) 175 - 200 Benefits Increases production, reserves, recovery factor Low F&D…
  20. 3Q 2019 Corporate Presentation – Crescent Point Energy Corp. – slide 20
    Canadian Market Access and CPG Pricing Advantage CORPORATE PRESENTATION Corporate Oil Production Breakdown by Pricing Stream UHC 16% (US) MSW 12% Shaunavon Cromer Viewfield Clearbrook & Flat Lake Superior CRESCENT…
  21. 3Q 2019 Corporate Presentation – Crescent Point Energy Corp. – slide 21
    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 &…
  22. 3Q 2019 Corporate Presentation – Crescent Point Energy Corp. – slide 22
    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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