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November 2019 Investor Presentation – Canacol Energy Ltd.

Canacol Energy Ltd. · Nov 29, 2019 · 21 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. November 2019 Investor Presentation – Canacol Energy Ltd. – slide 1
    Investor Presentation November 2019
  2. November 2019 Investor Presentation – Canacol Energy Ltd. – slide 2
    Forward Looking Statements This presentation may include certain forward looking statements. All statements other than statements of historical fact, included herein, including, without limitation, statements regarding future plans…
  3. November 2019 Investor Presentation – Canacol Energy Ltd. – slide 3
    Colombias Largest Independent Natural Gas Producer Conventional Natural Gas In Colombia Competitive Advantages 1. Focused 1. Significant Upside Conventional natural gas pure play World class assets with organic focused in Colombia…
  4. November 2019 Investor Presentation – Canacol Energy Ltd. – slide 4
    Canacols Special Natural Gas Operating Model 1 Market Leader Canacols supply 25% of Colombia gas The largest independent natural gas producer Country gas demand 1 BCF / +2-3% per yr. in supply deficient Colombia Gas supply,…
  5. November 2019 Investor Presentation – Canacol Energy Ltd. – slide 5
    Special Opportunity In Solving Colombias Natural Gas Supply Deficit Guajirafields Colombias Caribbean gas market supply In MMcf/d Barranquilla 600 Cartagena 590 500 CaribbeanSea Hocol 400 120 Frontera 175 300 Guajira fields…
  6. November 2019 Investor Presentation – Canacol Energy Ltd. – slide 6
    Tracking Canacol-Gas Large gas reserves base Robust sales growth Greater opportunity ahead 2P reserves in BCF In MMscf/d BT NPV-10 1.5 B(1) By 23, 48% growth 85k 1.1 net acres Added 481 BCF from 13 18 (200 300MMscf/d) 7 140…
  7. November 2019 Investor Presentation – Canacol Energy Ltd. – slide 7
    Success Delivers Infrastructure Growth Guajira Average annualized natural gas sales In MMcf/d 300 Barranquilla CaribbeanSea 1st 9 days of Oct19 211 Cartagena Bremen 113 Sincelejo 81 16 70 '12 '16 '17 '18 Oct '19 '23e…
  8. November 2019 Investor Presentation – Canacol Energy Ltd. – slide 8
    2019 Capital Plan 119 MM in MM 3D seismic 16 5 exploration & appraisal + 2 development wells 50 Other 23(1) Facilities expansion & equipment 30 Lifted gas treatment capacity from 200 330 MMcf/d 6-for-7 in 2019 2…
  9. November 2019 Investor Presentation – Canacol Energy Ltd. – slide 9
    Industry-Leading Exploration Success Utilizing AVO Applying AVO to investigate presence of gas-charged sandstones Uncalibrated 3D Calibrated 3D for AVO analysis Includes pay in ft. TVD Canacol with AVO 22 for 24 (92%) Canacol…
  10. November 2019 Investor Presentation – Canacol Energy Ltd. – slide 10
    Mamay La Creciente Guepaje Expanding Canacols Gas Resource Runway Sincelejo History of our gas future Bremen Canacol-gas '12 - '13 '14 - '16 '17 - '18 CAGR Blocks 2 4 5 14% Net acres (in 000s) 85 725 1,100 44% VIM 19 Gross…
  11. November 2019 Investor Presentation – Canacol Energy Ltd. – slide 11
    Forward Plan VIM 5 100% WI 2019 7 wells & 3D seismic 6 wins (Palmer-2, Nelson-7, Acordeon-1, Ocarina-1, Clarinete-4, Arandala-1) 1 dry hole (Pandereta-5) 155 km2 Guacharaca 3D acquisition Guacharaca 3D complete Pandereta…
  12. November 2019 Investor Presentation – Canacol Energy Ltd. – slide 12
    3Q 19 Financial Highlights 3 months ended 9/30/18 vs. 9/30/19 US in MM Key data Revenues 55.1 MM, +25% y/y +25% 55.1 EBITDAX 46.0 MM, +28% y/y +28% 83% margin 46.0 43.9 Funds from operations 36.4 MM, +41% y/y +41% 36.4 36.0…
  13. November 2019 Investor Presentation – Canacol Energy Ltd. – slide 13
    Remarkable Stable Natural Gas Operating Model Historical sales price and operating netbacks In /MCF 5.52 5.27 4.87 4.83 4.83 4.84 4.65 4.53 4.42 4.39 4.75 guidance 3.89 3.88 3.92 3.85 3.80 3.62 '13 '14 '15 '16…
  14. November 2019 Investor Presentation – Canacol Energy Ltd. – slide 14
    Canacols Financial Policy TSX: CNE BVC: CNE.C 20e Free Cash Flow Waterfall US in MM Canacols new dividend 270 30 US 28MM per annum 40 4.4% yield (as of 11/8/19) Record payment date: 12/16/19 12/31/19 120 Return-focused, LT…
  15. November 2019 Investor Presentation – Canacol Energy Ltd. – slide 15
    Financial Summary Capitalization Quarter end 3Q 2019 liquidity snapshot US in MM, except CDN /share 49.1 TSX /share (11/15/19) CDN 4.76 FD shares outstanding(1) 182 Market capitalization(2) 656 Net debt(3) 340 Enterprise value…
  16. November 2019 Investor Presentation – Canacol Energy Ltd. – slide 16
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  17. November 2019 Investor Presentation – Canacol Energy Ltd. – slide 17
    APPENDIX Arandala-1 Exploration Well Cased & Completed In 4Q 19 Well objective: Supported by AVO methodology, investigate presence of gas-charged reservoir sandstones in the Porquero Formation LCC LCC 1 KM Fluid Factor at Middle…
  18. November 2019 Investor Presentation – Canacol Energy Ltd. – slide 18
    APPENDIX Natural Gas Is The Future Colombias natural gas demand 2000-2032(1) World energy production(2) MMscfpd BTUs Trillions Natural gas 1,200 900 Oil Renewables 600 300 0 2006 2008 2000 2002 2004 2014…
  19. November 2019 Investor Presentation – Canacol Energy Ltd. – slide 19
    APPENDIX Managing Risks Macro Risks Operations Surface & Subsurface Risks 1. Geopolitical 1. Operational Market/sector-friendly Colombia Best industrial & safety practices President for the next 3 yrs. Exceeding production and…
  20. November 2019 Investor Presentation – Canacol Energy Ltd. – slide 20
    APPENDIX Corporate Social Responsibility Projects 18-19 Investment US3.1MM 44% CNE 56% Allied 1 Masificacin de Gas In partnership with Surtigas, we provide natural gas to local communities ( 1,500 families) Pisotn Emotional…
  21. November 2019 Investor Presentation – Canacol Energy Ltd. – slide 21
    Investor Presentation November 2019 Carolina Orozco Director, Investor Relations 44 (0) 755.537.3873 corozcocanacolenergy.com Kevin Flick VP, Investor Relations 214.235.4798 kflickcanacolenergy.com Phil Heinrich Investor…

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