Skip to main content Q4 2019 Earnings and Investor Update – Continental Resources, Inc. Investor Presentation | Shale Experts
Loading...
Pm

Q4 2019 Earnings and Investor Update – Continental Resources, Inc.

Continental Resources, Inc. · Feb 26, 2020 · 26 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. Q4 2019 Earnings and Investor Update – Continental Resources, Inc. – slide 1
    Investor Update February 2020
  2. Q4 2019 Earnings and Investor Update – Continental Resources, Inc. – slide 2
    Continental Resources, Inc. Responsible Stewardship Of Shareholder Assets Unmatched Shareholder Alignment 78% Insider Ownership(1) Reliable Performance 10+ Consecutive Years of Meeting or Exceeding Guidance(2) Low Cost Producer…
  3. Q4 2019 Earnings and Investor Update – Continental Resources, Inc. – slide 3
    CLRs Track Record of Outstanding Performance Total Growth YoY Net Debt ( B)(1) FCF(2) ( MM) ROCE(3) Up 57% Down 1.3 B Up 1.4 B 9.6% AVG 2017-2019 Since YE16 2017-2019 2017-2019 1. Net debt and EBITDAX are non-GAAP measures.…
  4. Q4 2019 Earnings and Investor Update – Continental Resources, Inc. – slide 4
    CLRs Capital Efficient & Sustainable Growth (2) Proved Reserves F&D Cost (/Boe) Margin(3) (/Boe) Up 32% Down 20% Up 29% (198% Reserve Replacement Ratio(1)) 1. Reserve replacement ratio represents the total change in proved…
  5. Q4 2019 Earnings and Investor Update – Continental Resources, Inc. – slide 5
    2019: Another Year Of Exceptional Performance 406 MM Shareholder Capital Return Share Repurchases: 190 MM Net Debt(1) Reduction: 198 MM Initiated Quarterly Dividend: 18 MM FCF(2) 608 MM Exceeded Guidance (500 MM-600 MM) ROCE(3)…
  6. Q4 2019 Earnings and Investor Update – Continental Resources, Inc. – slide 6
    CLR: Lowest Cost Operator Amongst Oil-Weighted Peers LOE per Boe Down 17% Since 2015 G&A per Boe Down 33% Since 2015 4.50 2.50 2.25 4.00 2.00 1.75 3.50 1.50 1.25 3.00 1.00 2015 2016 2017 2018 2019 2015 2016 2017 2018 2019…
  7. Q4 2019 Earnings and Investor Update – Continental Resources, Inc. – slide 7
    2020 Plan: Exercising Market & Capital Discipline Cash Flow from Operations: 2.9 B to 3.0 B Approx. 10% Avg. Growth CAGR for 2019-20 Free Cash Flow(1): 350 MM to 400 MM Total Growth YoY: 4% to 6% Budgeted at 55 WTI and 2.50 HH…
  8. Q4 2019 Earnings and Investor Update – Continental Resources, Inc. – slide 8
    CLR High Level Perspectives (2019-2021) 2019-2020 2020-2021 Combined Deliver Approx. 10% Average Production CAGR Projecting Sequential Quarterly Growth in 2021 Cumulative Volumes on Track with Original Estimate(1) Large Projects in…
  9. Q4 2019 Earnings and Investor Update – Continental Resources, Inc. – slide 9
    CLR Five Year Outlook (2019-2023) Vision for Shareholder Value Unchanged Disciplined approach to balancing capital-efficient growth & capital return to benefit long term shareholders Strategy Responsibly aligning capital spending and…
  10. Q4 2019 Earnings and Investor Update – Continental Resources, Inc. – slide 10
    CLR Bakken: Delivering Exceptionally Consistent Results 2019: 148,416 Avg. Bopd; up 14% YoY Avg. Well Performance 2017, 2018 & 2019 Drilling Programs 172 Gross Op Wells Completed 300 Cumulative Production (MBoe) 2019 Bakken…
  11. Q4 2019 Earnings and Investor Update – Continental Resources, Inc. – slide 11
    CLR South: Delivering Strong Oil-Weighted Results 2019: 43% Oil Growth YoY 41,695 Avg. Bopd; up 43% YoY 140 Gross Operated Wells Completed SpringBoard I 4Q19 Oil Production: 25,006 Bopd Outperformed Original 3Q18 Growth…
  12. Q4 2019 Earnings and Investor Update – Continental Resources, Inc. – slide 12
    Minerals & Water Enhancing Shareholder Value Synchronized With CLRs Drill Plan Strategic Advantage of CLR Minerals CLRs Strategic Water Assets Alignment with CLR development plan CLR water business growing rapidly 75% of CLR…
  13. Q4 2019 Earnings and Investor Update – Continental Resources, Inc. – slide 13
    CLRs Comprehensive ESG Report Expected In 2Q20 CLR: Major Contributor to American Energy Renaissance First mover to call for the lifting of U.S. crude oil export ban in 2015 U.S. is now energy independent & a net exporter of oil &…
  14. Q4 2019 Earnings and Investor Update – Continental Resources, Inc. – slide 14
    Contact Information Rory Sabino Vice President, Investor Relations Phone: 405-234-9620 Email: Rory.SabinoCLR.com Lucy Guttenberger Investor Relations Analyst Phone: 405-774-5878 Email: Lucy.GuttenbergerCLR.com Website:…
  15. Q4 2019 Earnings and Investor Update – Continental Resources, Inc. – slide 15
    Reference Materials PROPERTY OF CONTINENTAL RESOURCES, INC. REPRODUCTION AND DISTRIBUTION WITH WRITTEN PERMISSION ONLY 16
  16. Q4 2019 Earnings and Investor Update – Continental Resources, Inc. – slide 16
    2020 Guidance & Operating Detail Production & Capital 2020 Guidance Capital Expenditures Budget ( in Millions) Capital expenditures budget 2.65 Billion North D&C 1,368 Oil Production (Bo per day) 198,000 to 201,000 South D&C 843…
  17. Q4 2019 Earnings and Investor Update – Continental Resources, Inc. – slide 17
    Continued Focus On Net Debt Reduction Approx. 200 MM Net Debt Reduction in 2019 Completed 500 MM Partial Call of 1.6 B 5% Senior Notes due 2022 on Sept. 12, 2019 Financial Metrics 1.46x: Net debt(1) / 4Q19 Annualized EBITDAX(1)…
  18. Q4 2019 Earnings and Investor Update – Continental Resources, Inc. – slide 18
    Continuing To Deliver Strong Margins(1) 2015 2016 2017 2018 4Q 2019 2019 Crude oil net sales price (/Bbl)(2) 40.50 35.51 45.70 59.19 51.33 51.82 Natural gas net sales price (/Mcf)(2) 2.31 1.87 2.93 3.01 1.73 1.77 Oil production…
  19. Q4 2019 Earnings and Investor Update – Continental Resources, Inc. – slide 19
    Free Cash Flow Our presentation of free cash flow is a non-GAAP measure. We define free cash flow as cash flows from operations before changes in working capital items, less capital expenditures, excluding acquisitions, plus…
  20. Q4 2019 Earnings and Investor Update – Continental Resources, Inc. – slide 20
    Net Debt Reconciliation To GAAP Net debt is a non-GAAP measure. We define net debt as total debt less cash and cash equivalents as determined under U.S. GAAP. Net debt should not be considered an alternative to, or more meaningful than,…
  21. Q4 2019 Earnings and Investor Update – Continental Resources, Inc. – slide 21
    EBITDAX Reconciliation To GAAP We use a variety of financial and operational measures to assess our performance. Among these measures is EBITDAX, a non-GAAP measure. We define EBITDAX as earnings before interest expense, income taxes,…
  22. Q4 2019 Earnings and Investor Update – Continental Resources, Inc. – slide 22
    EBITDAX Reconciliation To GAAP The following tables provide reconciliations of our net income (loss) and net cash provided by operating activities to EBITDAX for the periods presented: In thousands 2015 2016 2017 2018 4Q 2019 2019 Net…
  23. Q4 2019 Earnings and Investor Update – Continental Resources, Inc. – slide 23
    ADJUSTED Earnings Reconciliation To GAAP Our presentation of adjusted earnings and adjusted earnings per share that exclude the effect of certain items are non-GAAP financial measures. Adjusted earnings and adjusted earnings per share…
  24. Q4 2019 Earnings and Investor Update – Continental Resources, Inc. – slide 24
    Net Sales Prices Reconciliation To GAAP Revenues and transportation expenses associated with production from our operated properties are reported separately. For non-operated properties, we receive a net payment from the operator for our…
  25. Q4 2019 Earnings and Investor Update – Continental Resources, Inc. – slide 25
    Cash G&A Reconciliation To GAAP Our presentation of cash general and administrative (G&A) expenses per Boe is a non-GAAP measure. We define cash G&A per Boe as total G&A determined in accordance with U.S. GAAP less non-cash equity…
  26. Q4 2019 Earnings and Investor Update – Continental Resources, Inc. – slide 26
    Calculation Of Return On Capital Employed (ROCE) The following table shows the calculation of ROCE for the following periods. In thousands 2017 2018 2019 Net income (loss) attributable to Continental Resources 789,447 988,317 775,641…

From the store

Browse maps, data & reports in the Shale Experts store