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DUG Midcontinent Conference – Amplify Energy Corp.

Amplify Energy Corp. · Nov 20, 2019 · 16 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. DUG Midcontinent Conference – Amplify Energy Corp. – slide 1
    DUG Midcontinent Conference November 20, 2019
  2. DUG Midcontinent Conference – Amplify Energy Corp. – slide 2
    Robust Cash Generating Assets with Low Declines Diversified Production: Nearly 50/50 liquids and gas production (34% oil), with attractive pricing across commodities and solid margins Attractive Valuation: Combined company enterprise…
  3. DUG Midcontinent Conference – Amplify Energy Corp. – slide 3
    East Texas / North Louisiana Asset Overview 3Q19 Production PD PV-10 (MBoe/d) ( MM) 23% 39% Other PF Amplify Assets ETX / NLA Key Stats Net Acres (CV): 93,300 acres WI %: 87% HBP %: 100% Net Acres (HSVL): 21,200 acres WI…
  4. DUG Midcontinent Conference – Amplify Energy Corp. – slide 4
    California Beta Field Asset Overview 3Q19 Production PD PV-10 (MBoe/d) ( MM) 9% 20% Other PF Amplify Assets California Beta Key Stats Net Acres: 17,000 acres WI %: 100% HBP %: 100% Net Production: 3.0 MBoe/d1 Liquids Mix:…
  5. DUG Midcontinent Conference – Amplify Energy Corp. – slide 5
    Rockies Asset Overview 3Q19 Production PD PV-10 (MBoe/d) ( MM) Amplify Leasehold 12.5% 15% Fremont Carbon Other PF Amplify Assets Rockies Sweetwater Key Stats Net Acres: 7,000 acres WI %: 100% HBP %: 100% Net…
  6. DUG Midcontinent Conference – Amplify Energy Corp. – slide 6
    Eagle Ford Asset Overview 3Q19 Production PD PV-10 (MBoe/d) ( MM) 4.5% 4% DeWitt Other PF Amplify Assets Eagle Ford Key Stats Net Acres: 750 acres Karnes WI %: 5% HBP %: 100% Net Production: 1.5 MBoe/d1 Liquids Mix:…
  7. DUG Midcontinent Conference – Amplify Energy Corp. – slide 7
    Recent Merger Asset Miss Lime Asset Overview 3Q19 Production PD PV-10 (MBoe/d) ( MM) 35% 38% Other PF Amplify Assets Miss Lime Key Stats Net Acres (ML): 100,000 acres Operatorship: 83% WI %: 76% HBP %: 92% Net Production:…
  8. DUG Midcontinent Conference – Amplify Energy Corp. – slide 8
    Low Decline, Mature Producing Properties Comparable Companies PD R/P (Years) Key Points 15.1 Amplify's PD reserve base will generate significant free cash flow over the next decade 11.2 Mature production base has a proved developed…
  9. DUG Midcontinent Conference – Amplify Energy Corp. – slide 9
    Combination Unlocks Value for All Stockholders Pro Forma Free Cash Flow P P P Asset Diversification P O P LOE and G&A Synergies O O P Float O O P Leverage & Liquidity P P P 8
  10. DUG Midcontinent Conference – Amplify Energy Corp. – slide 10
    Scale & Synergies Enable Top Tier G&A Efficiency 3Q19 Cash G&A Expense (/Boe) 5.21 3.59 3.53 2.94 Peer Average: 2.63 2.34 2.21 2.19 2.16 1.22 0.42 1 Peer C Peer H Peer I Peer G Peer B Peer F Peer E AMPY Peer D Peer A…
  11. DUG Midcontinent Conference – Amplify Energy Corp. – slide 11
    Low Leverage and Ample Liquidity Key Credit Highlights Net Debt / 3Q19 Annualized EBITDA Amplify maintains an attractive credit profile, with 3Q19 last twelve 4.3x months leverage of 1.8x Simple capital structure with 100% of debt…
  12. DUG Midcontinent Conference – Amplify Energy Corp. – slide 12
    Top-Tier Free Cash Flow Generation 2019E Levered Free Cash Flow Yield1 51.0% Pro Forma Amplify Current Dividend Yield: 13% Amplify is one of two selected SMID peers paying dividends and has a superior Levered Free Cash Flow…
  13. DUG Midcontinent Conference – Amplify Energy Corp. – slide 13
    Capital Return Programs Capital Returns Summary ( MM) 8MM dividend to Tender Offers be paid 4Q 2019 Share Buybacks Dividends 51 162 14.5MM repurchased as of 11/1/19 25 50 1 86 8.2MM dividend 35 paid 3Q 2019 Tender…
  14. DUG Midcontinent Conference – Amplify Energy Corp. – slide 14
    Market Rewarding AMPY Capital Return Program 80% Transaction Close - Current Share Price Performance 70% 8/5/2019 11/15/2019 % Change Amplify 4.42 6.14 39% Russell 2000 3,696.60 3,948.55 7% 60% XOP 22.24 21.96 (1%) Peer Group…
  15. DUG Midcontinent Conference – Amplify Energy Corp. – slide 15
    Current Trading Levels Offer Attractive Entry Point Key Points 1P Reserve Summary 1P reserve value at NYMEX strip pricing is significantly greater than Amplify's current enterprise Net Total % PD PV-10 & PUD PV-20 (WTI / HH) Category…
  16. DUG Midcontinent Conference – Amplify Energy Corp. – slide 16
    Go Forward Plan The Amplify Opportunity Low decline PDP asset base producing significant free cash flow Free Cash Flow Focused on operating leverage developing areas with lower variable costs and risk Generation Reducing G&A / Boe…

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