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Raymond James and Associates 41st Annual Institutional Investors Conference – WPX Energy, Inc.

WPX Energy, Inc. · Mar 2, 2020 · 8 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. Raymond James and Associates 41st Annual Institutional Investors Conference – WPX Energy, Inc. – slide 1
    RAYMOND JAMES & ASSOCIATES 41ST ANNUAL INSTITUTIONAL INVESTORS CONFERENCE KEVIN VANN, CHIEF FINANCIAL OFFICER MARCH 2, 2020 N Y S E : W P X
  2. Raymond James and Associates 41st Annual Institutional Investors Conference – WPX Energy, Inc. – slide 2
    WPX Today MARKET SNAPSHOT WILLISTON NYSE SYMBOL: WPX MARKET CAP1: 4.3B ENTERPRISE VALUE1: 6.5B HEADQUARTERS PRODUCTION (4Q): 179 MBOE/D TULSA, OK OIL GROWTH Y/Y2: 16% PERMIAN LEVERAGE3: 1.58x PERMIAN WILLISTON MIDSTREAM BASIN…
  3. Raymond James and Associates 41st Annual Institutional Investors Conference – WPX Energy, Inc. – slide 3
    Outperformance in 2019 Creates Long-Term Shareholder Value Metric What We Said What We Did Cash flow positive for 20191 Cash flow neutral in 2019 Cash Flow at 50 WTI and generated 101MM of FCF 2H of 2019 Shareholder Return…
  4. Raymond James and Associates 41st Annual Institutional Investors Conference – WPX Energy, Inc. – slide 4
    Felix Transaction Overview Transaction Details Pro Forma Permian Acreage TOTAL CONSIDERATION: 2.5B 1 900MM cash component EDDY 153MM shares of WPX issued to seller1 LEA ACCELERATES 5-YEAR VISION NEW MEXICO 2 Improves tenets of…
  5. Raymond James and Associates 41st Annual Institutional Investors Conference – WPX Energy, Inc. – slide 5
    Accelerates 5-Year Vision (50 - 55 WTI) FIVE-YEAR VISION ACCELERATED 2019 2024 IMPLEMENT DURABLE GROWING DIVIDEND DIVIDEND POST PRE FELIX FELIX FCF YIELD TARGETING FCF YIELD 7% - 10% POST PRE FELIX FELIX DRIVING LEVERAGE…
  6. Raymond James and Associates 41st Annual Institutional Investors Conference – WPX Energy, Inc. – slide 6
    Our 2020 Priorities and Focus INTEGRATION FREE CASH FLOW DIVIDEND LEVERAGE SEAMLESS ADDITION OF FREE CASH FLOW OF PLAN TO INITIATE CONTINUED STRENGTHENING FELIX 200MM+ 0.10 DIVIDEND ON PER SHARE 1.5X NET DEBT EBITDAX TO…
  7. Raymond James and Associates 41st Annual Institutional Investors Conference – WPX Energy, Inc. – slide 7
    Strong Financial Position Entering 2020 SIGNIFICANT LIQUIDITY STRONG HEDGE POSITION NO NEAR-TERM MATURITIES CREATES CERTAINTY FOR DRILLING PROGRAM SENIOR UNSECURED NOTES (MM) 900 70% 650 Unhedged 600 30% 500 Dependent on…
  8. Raymond James and Associates 41st Annual Institutional Investors Conference – WPX Energy, Inc. – slide 8
    Positioned For Value Creation Sustainable Reliable Well-Positioned ATTRACTIVE LONG-TERM INVESTMENT CONSISTENT STRATEGY Shareholder friendly initiatives EXECUTION Implemented strong 5-year Plan to initiate a dividend vision…

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