Focusing on Adjusted Funds Flow Per Share Growth - in Any Environment Investor Presentation TSX: AAV February 2020
Advantage at a Glance TSX 52-week trading range 1.35 to 2.94 Shares Outstanding (basic) 187 million Market Capitalization 0.5 billion Enterprise Value 0.8 billion Advantage 2020 Guidance (1) Montney Assets Capital 170 to 200…
Advancing Light Oil with a Solid Natural Gas Foundation High Quality Prolific Gas Low-Cost Owned Disciplined Financial Light Oil Foundation Infrastructure Management Deep inventory of high return Foundation of free cash…
Shareholder-Focused Strategy for the New Energy Market Tactical Elements Relentless Focus on Asset Clean, sustainable energy Quality and Cost Structure Focusing on High quality light oil Adjusted Funds Prolific gas foundation…
Canada Leading Jurisdiction for Responsible Energy Clean, sustainable energy Investment High quality light oil A Proud Clean Energy Producer The World Needs More of Our Energy Prolific gas foundation Low cost owned…
Environmental Leadership and Sustainability Clean, sustainable energy High quality light oil Advantage is an Environmental, Social and Governance (ESG) leader Prolific gas foundation Natural gas is the best way to reduce global…
200% Liquids Production Growth(1), Balanced Profile 6 miles Progress Clean, sustainable energy State of the art emissions engineering High quality light oil Glacier Exit liquids rate 9,000 bbls/d Prolific gas foundation Free…
Advantage Montney Multizone Oil, Liquids and Gas Clean, sustainable energy Throughout High quality light oil Prolific gas foundation Low cost owned infrastructure Resilient in all cycles Disciplined financial…
Development Post Light Oil Discovery at Progress Clean, sustainable energy High quality light oil Prolific gas foundation Kelt Oil Wells Up to 153,000 bbls CTD Tourmaline Oil Wells Up to 152,000 bbls CTD 2020 spending 75…
Pipestone/Wembley/Valhalla Oil and Liquids Clean, sustainable energy Development High quality light oil Prolific gas foundation Recently completed D3 Well 2020 spending 60 30% liquids (IP30) million Low cost owned…
Liquids-Rich Middle Montney at Glacier Stepping Up Clean, sustainable energy High quality light oil Prolific gas foundation 2020 spending 35 million Early development was in Upper and Lower Low cost owned infrastructure…
Strategic Infrastructure Control, Flexible Pipeline Clean, sustainable energy Access High quality light oil Prolific gas foundation TCPL Groundbirch Lateral Low cost owned infrastructure BC AB Advantage Glacier Gas Plant…
2020 Budget and Guidance (1)(2) Clean, sustainable energy High quality light oil Prolific gas foundation Average production (boe/day) 45,000 to 47,500 Gas production (mmcf/d) 234 to 245 Low cost owned infrastructure Liquids…
Liquids Development Focusing on Returns, Clean, sustainable energy Diversifying Revenue(1) High quality light oil Prolific gas foundation Corporate Revenue Composition Low cost owned infrastructure 18% Resilient in all cycles…
Natural Gas Market Diversification Clean, sustainable energy High quality light oil Prolific gas foundation Low cost owned infrastructure 27 MMcf/d of TC Prairie Mainline to Nov 2032 Resilient in all cycles Disciplined…
Market Hedging Activities Clean, sustainable energy High quality light oil Prolific gas foundation Physical Flows Q1-20 Q2-20 Q3-20 Q4-20 2021 2022-2027 AECO 63% 50% 47% 26% 15% 26% - 50% Low cost owned infrastructure Empress…