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January 2020 Investor Presentation – Crescent Point Energy Corp.

Crescent Point Energy Corp. · Jan 14, 2020 · 19 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. January 2020 Investor Presentation – Crescent Point Energy Corp. – slide 1
    CORPORATE PRESENTATION January 2020 Corporate Presentation CRESCENT POINT CRESCENT POINT
  2. January 2020 Investor Presentation – Crescent Point Energy Corp. – slide 2
    2020 Outlook & 2019 Highlights CORPORATE PRESENTATION 200-350MM of excess cash flow Disciplined and returns Significant liquidity and strong (in 2020 at US55-60/bbl WTI) focused budget hedging program allocated to debt reduction…
  3. January 2020 Investor Presentation – Crescent Point Energy Corp. – slide 3
    2020 Budget Protects & Enhances Shareholder Returns CORPORATE PRESENTATION US50 WTI US55 WTI US60 WTI Capital Returns Focused Capital expenditures budget of 1.1 - 1.2B Expenditures & Flexible Excess Cash Flow Disciplined…
  4. January 2020 Investor Presentation – Crescent Point Energy Corp. – slide 4
    2020 Capital Allocation and Production Guidance Capital Expenditures CORPORATE PRESENTATION 2019E 2020E Returns-focused budget with strong full-cycle economics 172,000 boe/d 142,000 boe/d (Pre-dispositions) 1.30B Capital…
  5. January 2020 Investor Presentation – Crescent Point Energy Corp. – slide 5
    Balance Sheet Strength Total Net Debt (B) Net Debt / CF Balance Sheet CORPORATE PRESENTATION 2020E Transformation 2.5x Bank Line 1.8B Continue to enhance sustainability 45% reduction in total net 2018-2020 Decrease 2.0x and…
  6. January 2020 Investor Presentation – Crescent Point Energy Corp. – slide 6
    Excess Cash Flow Generation and Share Repurchases Excess Cash Flow Sensitivity Share Repurchase Program CORPORATE PRESENTATION 600 (2020E) 500 US65 WTI 20-30% of Million CAD 400 Excess CF 2020E 300 50MM from US60 WTI…
  7. January 2020 Investor Presentation – Crescent Point Energy Corp. – slide 7
    Recent Initiatives Aligned With Long-Term Focus Balance Sheet Strength Decline Mitigation CORPORATE PRESENTATION Optimal Leverage Scenarios (D/CF) CPGs decline mitigation programs moderate future capital requirements Low-Cycle…
  8. January 2020 Investor Presentation – Crescent Point Energy Corp. – slide 8
    Commodity Hedging 80,000 80 CORPORATE PRESENTATION Weighted Avg. Hedge Price Oil Hedge Volume (bbl/d) 54% 75 53% 60,000 47% 45% 70 (CDN/bbl) 40,000 65 60 20,000 55 - 50 CRESCENT POINT Q1 2020 Q2 2020 Q3…
  9. January 2020 Investor 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. January 2020 Investor Presentation – Crescent Point Energy Corp. – slide 10
    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…
  11. January 2020 Investor Presentation – Crescent Point Energy Corp. – slide 11
    CRESCENT POINT CORPORATE PRESENTATION Appendix October 2018
  12. January 2020 Investor Presentation – Crescent Point Energy Corp. – slide 12
    Capital Markets Summary and 2020 Guidance CORPORATE PRESENTATION Capital Markets Summary 2020 Guidance CPG (TSX and NYSE) Trading Price (Jan. 9, 2020) C6.01 (TSX), US4.62 (NYSE) Capital Expenditures 1.1 - 1.2 billion Shares…
  13. January 2020 Investor Presentation – Crescent Point Energy Corp. – slide 13
    Viewfield Significant free cash flow generation CORPORATE PRESENTATION Infill economics within top quartile of risked corporate inventory Completed unitization of the fourth original waterflood unit in 2019 Continue to pursue…
  14. January 2020 Investor Presentation – Crescent Point Energy Corp. – slide 14
    Shaunavon Free cash flow positive CORPORATE PRESENTATION Low-risk, high-return drilling inventory Consistent implementation of decline mitigation program Reduced well costs by 6% in 2019 to 1.5MM CRESCENT POINT Key…
  15. January 2020 Investor Presentation – Crescent Point Energy Corp. – slide 15
    Flat Lake Free cash flow positive CORPORATE PRESENTATION Opportunity to enhance efficiencies and returns by utilizing pad drilling, longer laterals and development near existing infrastructure Focusing on 2-mile horizontal…
  16. January 2020 Investor Presentation – Crescent Point Energy Corp. – slide 16
    Long-Term Notes Senior notes represent 80-90% of total net debt in 2020E (at US55-65/bbl WTI) CORPORATE PRESENTATION No material near-term senior note debt maturities Significant liquidity of 2.6B No foreign exchange risk as…
  17. January 2020 Investor Presentation – Crescent Point Energy Corp. – slide 17
    Consistent Advancement of Decline Rate Mitigation Viewfield Waterflood Direct Offset Production* CORPORATE PRESENTATION 6,000 Oil Rate bbl/d Benefits 4,000 185 Increases production, reserves, recovery factor 2,000 120…
  18. January 2020 Investor Presentation – Crescent Point Energy Corp. – slide 18
    Canadian Market Access and CPG Pricing Advantage CORPORATE PRESENTATION Corporate Oil Production Breakdown by Pricing Stream UHC 18% (US) North Dakota MSW Duvernay, Viking 12% & other Alberta Shaunavon Cromer Viewfield…
  19. January 2020 Investor Presentation – Crescent Point Energy Corp. – slide 19
    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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