OUR March 2020 FOCUS Investor Presentation OUR FUTURE
Advisory Statements Forward-looking Information and Statements and Advisory Statements This presentation contains forward-looking information as to ARCs internal projections, expectations, or beliefs relating to future events or future…
Corporate Strategy FINANCIAL HIGH SUSTAINABILITY & PERFORMANCE RETURN ON PEOPLE & INVESTMENT CULTURE RISK- MANAGED VALUE CREATION HIGH-QUALITY COMMERCIAL ASSETS & ACTIVITIES & OPERATIONAL RISK EXCELLENCE MANAGEMENT…
Longer-term Capital Allocation Priorities & Principles Capital Allocation Priorities Capital Allocation Principles Manage net debt to funds from operations ratio within 1.0 to 1.5x Debt Reduction Long-term Development Investments…
ARCs Vision for the Future Production (Mboe/day) (1) 158 139 133 123 2017 2018 2019 2020F Production Base Capital Expenditures ( millions) (2) 830 679 692 500 2017 2018 2019 2020F Three-year Average Sustaining…
2020 Budget of 500 Million Red Creek BC AB Attachie Tower Sunrise 30MM Attachie Septimus Parkland Pouce Coupe 40MM 8 wells 5,000 boe/day Sunset 36,000 boe/day Optimize pad profitability Sunrise Dawson Generate cash flow through…
World-class Montney Resource Montney Optionality Significant Montney Inventory (1) BC AB 6,400 Geographic Optionality Egress Optionality Commodity Optionality Multi-layer Optionality 4,800 Number of Locations Oil & Liquids…
Cost Management & Decline Rate Three-year 2P FD&A Costs (/boe) (1)(2)(3) 2019 YTD Operating Expense (/boe) (5)(6) 2020E Corporate Decline Rates (7) 24 16 48% Canadian Producers US Producers 18 12 36% Group Average 12 Group…
Natural Gas Financial and Physical Price Management 2019 Natural Gas Flows and Sales Points (US/MMBtu) ARCs Natural Gas Price (4) Initial Tie-in of ARCs Production: 4.00 80% through the TC Energy NGTL system 20% through the Enbridge…
ARCs ESG Excellence ESG Ratings by Major Oil Producing Country (1)(2) Oil and Gas Companies Relative ESG Rankings (1) 100 500 70 Africa Asia Canada 64 Europe 75 375 Latin America Social and Governance Score Average ESG…
Water Management Strategy Water Management Strategy Water Storage Reservoirs Responsibly manage water use in operations Evaluate technologies and procedures to implement best practices Sunrise Parkland Water strategy key in…
Owned-and-operated Infrastructure NE BC Ante Creek Phase I Parkland/Tower Phase I Dawson Phase III & IV AB Dawson Phase I & II Sunrise Phase I & II Facility Investment of 815 million 645 MMcf/day of Natural Gas…
Resource Potential and Scalability Attachie ARC has: 1,000 net Montney sections (638,000 acres) Over 4,000 future drilling locations identified across the Montney Greater Commodity, geographic, and multi-layer optionality Dawson…
Lower Montney Development and Liquids Growth Greater Dawson Area Lower Montney Development 23 Tcf (1) of resources in lower Montney Large Resource in Place 105 MMbbl of contingent resource NGLs, of which 71 MMbbl is condensate…
Optimizing Dawson Lower Montney Development Estimated Ultimate Recovery Capital Efficiency 1,500 10,000 Estimated Ultimate Capital Efficiency Recovery (Mboe) 1,125 7,500 (/boe/day) 750 5,000 375 2,500 0 0 2017…
Ante Creek Overview Snapshot Development Plan Low-risk, high netback Montney light oil development Ante Creek facilitys oil expansion will add up to 2,500 bbl/day of light oil production, expected to be brought on-stream in Q2 2020…
Continuous Improvement in Pad and Well Design Pad and Well Design Evolution Cumulative Condensate Production 300 2016 13-26 Well Cumulative Condensate Production (Mbbl) Unconstrained 225 2017 B13-26 Well Unconstrained 300 m…
Sunrise Overview Snapshot Development Plan Final transportation arrangements in effect at Sunrise Phase II early in Q4 2019 ARC plans to operate Sunrise Phase I & II facility at or near processing capacity Sunset of 240 MMcf per day…
Risk Management Program Realized Gain (Loss) on Risk Management Contracts (1)(2) 250 Crude Oil Natural Gas 200 Foreign Exchange & Power Total 150 100 millions 50 0 (50) (100) 2009 2010 2011 2012 2013 2014 2015…
ESG Recognitions and Rankings Member of MSCI Global Sustainability Index MSCI ESG Rating: AAA Member of FTSE Russells FTSE4Good Index Series since 2018 Voluntary participant since 2007 Member of the 30% Club since 2018 2018…
Contact Information Kris Bibby Martha Wilmot Senior Vice President and Chief Financial Officer Investor Relations Analyst 403.503.8675 403.509.7280 KBibbyarcresources.com MWilmotarcresources.com Or contact: Investor Relations…
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