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3Q 2019 Apendix – Encana Corp

Encana Corp · Oct 31, 2019 · 24 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 Apendix – Encana Corp – slide 1
    Appendix
  2. 3Q 2019 Apendix – Encana Corp – slide 2
    2 3Q19 Consolidated Results 251 MM of Free Cash Flow 3Q19 o Outperforming original synergy targets & proving operational Millions Per Share performance o YTD Free cash flow of 64 million, 230 million excluding acquisition NET…
  3. 3Q 2019 Apendix – Encana Corp – slide 3
    3 Increased 2019 Production Guidance Raised FY19 production guidance Guidance* Strong Anadarko Basin volumes driving FY19 3Q YTD 3Q YTD FY19 Proforma outperformance Reportable Proforma ( New) Midpoint ( Previous) o Combined full…
  4. 3Q 2019 Apendix – Encana Corp – slide 4
    2 0 1 9 G U I DA NCE 4 Reconciliation of Full Year Guidance to Reportable 14.00 2019 Guidance: Reportable Versus Full Year Proforma 12.00 G&A Excl. LTI 2019 Reportable Impact of Newfield FY 19 10.00 and Restr. Costs Guidance Jan…
  5. 3Q 2019 Apendix – Encana Corp – slide 5
    Industry Leading ESG Performance 5 5 th Consecutive Safest Year Ever Proven Safety Results Environmental Performance TRI F Met hane I ntensity 2018 Wat er Use 1 2 0.44 0.43 45% 0.34 0.30 0.30 0.22 0.28 vs. 22 AXPC vs. 16…
  6. 3Q 2019 Apendix – Encana Corp – slide 6
    6 Proactive ESG Approach Task Force on Climate-related Financial Disclosures ESG Impact Matrix o Climate-related risks have the potential to impact our business o Governance framework allows us to effectively manage these risks o…
  7. 3Q 2019 Apendix – Encana Corp – slide 7
    7 ESG Performance Metrics Category Metric Measurement 2018 2017 2016 Emissions GHG Intensity metric tons CO 2e/gross annual production 17.33 25.05 27.12 Methane Intensity metric tons CH4/gross annual production 0.22 0.38 0.43 In…
  8. 3Q 2019 Apendix – Encana Corp – slide 8
    M U L T I - B A S I N P O R T F OL I O W I T H S C A LE 8 Liquids-Focused, Multi-Basin Portfolio Strength Core positions in three of the top plays in North America 2.0 BBOE of proforma high quality proved reserves* o YE18 Reserve…
  9. 3Q 2019 Apendix – Encana Corp – slide 9
    H I G H R E T U R NS 9 Deep Inventory of High Return Growth Assets Continued Liquids Growth 2019F** Capital 2.75-2.85B 300 Liquids Production (Mbbls/d) 200 100 75% of 2019F** capital directed to core growth assets 0…
  10. 3Q 2019 Apendix – Encana Corp – slide 10
    C A P I T A L D I S C IP L I NE 10 Disciplined Approach Priority 1 - Financial Strength Manage leverage at mid-cycle prices to 1.5x net debt to adjusted EBITDA Maintain strong liquidity Investment grade credit ratings Priority 2…
  11. 3Q 2019 Apendix – Encana Corp – slide 11
    RE T U RN OF C A PIT AL 11 Returning Capital to Shareholders 2018 2019F Planned Returns* Sold 13 billion of assets since 2013 2.0 o 80% of production and proved reserves sold were natural gas Distributions to Shareholders…
  12. 3Q 2019 Apendix – Encana Corp – slide 12
    PERMIA N 12 2019 Program FY19 PLAN ACREAGE (net acres) / AVERAGE WORKING INTEREST % 115,000 / 92% 2019 AVERAGE WORKING INTEREST (%) 96% AVERAGE ROYALTY RATE (%) 25% CAPITAL (net) (MM) 920 950 NET WELLS DRILLED 110 120 NET…
  13. 3Q 2019 Apendix – Encana Corp – slide 13
    PERMIA N 13 Midstream And Marketing Overview C olorado C ity Majority of oil production gathered via pipeline with access to multiple physical markets Firm gas gathering and processing with access Pipelines to Gulf Coast and Mont…
  14. 3Q 2019 Apendix – Encana Corp – slide 14
    A NA D ARKO 14 2019 Program FY19 PLAN** ACREAGE (net acres) / AVERAGE WORKING INTEREST % 363,000 / 57% 2019 AVERAGE WORKING INTEREST (%) 70% AVERAGE ROYALTY RATE (%) 17 20% CAPITAL (net) (MM) 825 - 875 NET WELLS DRILLED 75…
  15. 3Q 2019 Apendix – Encana Corp – slide 15
    A NA D ARKO 15 Midstream And Marketing Overview STACK growth area high demand oil quality o Oil gathering and pipeline access to Cushing limits physical flow risk O i l gathering and Cushing o Barrel delivered to Cushing unblended…
  16. 3Q 2019 Apendix – Encana Corp – slide 16
    MONTNEY 16 2019 Program FY19 PLAN ACREAGE (net acres) / AVERAGE WORKING INTEREST % 793,000 / 64% - PIPESTONE ACREAGE / WI % 89,000 / 100% 2019 AVERAGE WORKING INTEREST (%) 72% AVERAGE ROYALTY RATE (%) 5 10% CAPITAL (net) (MM)…
  17. 3Q 2019 Apendix – Encana Corp – slide 17
    MONTNEY 17 Midstream And Marketing Overview Combination of firm export capacity and basis hedges to manage AECO gas price* risk o Realized price including hedge expected to be 0.25 below NYMEX in 2019 100% firm capacity on o AECO…
  18. 3Q 2019 Apendix – Encana Corp – slide 18
    O P T I M I Z I NG F R E E C A SH F L O W 18 Base Assets 125 Optimizing Free Cash Flow 100 75 MBOE/d 50 25 0 2018 2019F Duvernay Uinta Williston Eagle Ford FY 2019 PLAN* EAGLE FORD WI LLISTON DUVERNAY UI NTA…
  19. 3Q 2019 Apendix – Encana Corp – slide 19
    C OS T C ON TROL OF C ORPORAT E IT E MS E N H AN CES PE R U N IT M A RGIN 19 Maximizing Margin Lower Total G&A2 600 2.50 G&A 30% lower on a per BOE1 basis o On track for 200 million in annualized G&A savings, increased by 75…
  20. 3Q 2019 Apendix – Encana Corp – slide 20
    P R O J E C T E D C O M PO S I T I O N O F T O T A L P R O D U C T IO N 20 Product Value Chain Excluding Hedge Canada US 2019F (1) 2019F Pricing 2019F(1) 2019F Pricing (Mbbls/d) (% WTI) (Mbbls/d) (% WTI) Oil (2) 0 1 85% 170 175 98%…
  21. 3Q 2019 Apendix – Encana Corp – slide 21
    M ID S T REAM A ND M A RKETING 21 Hedging Summary Hedges reduce cash flow risk and build on HEDGE SUMMARY ( 1) 2019 2020 market diversification efforts Oil and Condensate WTI Oil WTI HEDGES 176 Mbbls/d 119 Mbbls/d o Majority of…
  22. 3Q 2019 Apendix – Encana Corp – slide 22
    22 Oil Hedges and Sensitivity KE Y HEDGES (2) 2019 2020 WTI Oil O i l and Condensate o 50 MM per 5.00/bbl increase in NYMEX WTI to 2019 Q4 cash flow after hedge (1) WTI FIXED PRICE SWAP 45 Mbbls/d 24 Mbbls/d SWAP PRICE (US/bbl)…
  23. 3Q 2019 Apendix – Encana Corp – slide 23
    23 Natural Gas Hedges and Sensitivity NA TURAL GAS HEDGES (2) (3) 2019 2020 NYMEX Gas Benchmark Natural Gas Benchmark Hedges o 15 MM per 0.25/Mcf change in NYMEX gas to 2019 NYMEX FIXED PRICE SWAP 687 MMcf/d 653 MMcf/d Q4 cash…
  24. 3Q 2019 Apendix – Encana Corp – slide 24
    Contact Investor Relations: 403.645.3550 281.210.5110 investor.relationsencana.com

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