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4Q 2019 Earnings Presentation – Crescent Point Energy Corp.

Crescent Point Energy Corp. · Mar 4, 2020 · 21 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. 4Q 2019 Earnings Presentation – Crescent Point Energy Corp. – slide 1
    CORPORATE PRESENTATION March 2020 Corporate Presentation CRESCENT POINT CRESCENT POINT
  2. 4Q 2019 Earnings Presentation – Crescent Point Energy Corp. – slide 2
    2020 Outlook & 2019 Highlights CORPORATE PRESENTATION Significant liquidity and strong 200MM of excess cash flow Disciplined and returns (at US55/bbl WTI) focused budget hedging program (50% of oil hedged in 2020 allocated to…
  3. 4Q 2019 Earnings Presentation – Crescent Point Energy Corp. – slide 3
    Protecting & Enhancing Shareholder Returns 2020 Program US50 WTI US55 WTI US60 WTI CORPORATE PRESENTATION Capital Returns Focused Capital expenditures budget of 1.1 - 1.2B Expenditures & Flexible Excess Cash Flow Disciplined…
  4. 4Q 2019 Earnings Presentation – Crescent Point Energy Corp. – slide 4
    Commodity Hedging CORPORATE PRESENTATION 80.00 80,000 Weighted Avg. Hedge Price Oil Hedge Volume (bbl/d) 75.00 54% 53% 60,000 (CDN/bbl) 47% 45% 70.00 40,000 65.00 60.00 20,000 55.00 CRESCENT POINT -…
  5. 4Q 2019 Earnings Presentation – Crescent Point Energy Corp. – slide 5
    Balance Sheet Strength Total Net Debt Net Debt / CF Balance Sheet CORPORATE PRESENTATION 2020E Transformation 3.5x Bank Line 1.8B 3.0x Continue to enhance sustainability 45% reduction in total net 2018-2020 Decrease and…
  6. 4Q 2019 Earnings Presentation – Crescent Point Energy Corp. – slide 6
    Net Asset Value and Excess Cash Flow Net Asset Value Per Share Excess Cash Flow Sensitivity (US55 WTI) (2020E) CORPORATE PRESENTATION 12 Excess Cash Flow XX 10 10.57 XX Operating WTI Netback NAV per share 8 US60/bbl…
  7. 4Q 2019 Earnings Presentation – Crescent Point Energy Corp. – slide 7
    Operational Execution: Continuing to Improve Cost Structure 2019 2020 & Ongoing Initiatives CORPORATE PRESENTATION Further optimization of drilling and completion Capital Costs 10% techniques and overall supply chain CRESCENT…
  8. 4Q 2019 Earnings Presentation – Crescent Point Energy Corp. – slide 8
    Focusing our Asset Base with Key Criteria CORPORATE PRESENTATION Returns AB Scalability SK CRESCENT POINT Shaunavon Viewfield Flat Lake Free Cash Flow ND Market Access Key Focus Areas Continue to optimize…
  9. 4Q 2019 Earnings Presentation – Crescent Point Energy Corp. – slide 9
    Strong Commitment to ESG Practices CORPORATE PRESENTATION Environmental Social Governance Reduced future ARO & water intensity Safety-centric culture resulting in strong Board oversight of ESG strategy & through active management…
  10. 4Q 2019 Earnings Presentation – Crescent Point Energy Corp. – slide 10
    CRESCENT POINT CORPORATE PRESENTATION Appendix October 2018
  11. 4Q 2019 Earnings Presentation – Crescent Point Energy Corp. – slide 11
    Capital Markets Summary and 2020 Guidance CORPORATE PRESENTATION Capital Markets Summary 2020 Guidance CPG (TSX and NYSE) Trading Price (Feb. 28, 2020) C3.65 (TSX), US2.72 (NYSE) Development Capital Expenditures 1.1 - 1.2…
  12. 4Q 2019 Earnings Presentation – Crescent Point Energy Corp. – slide 12
    2020 Capital Allocation and Production Guidance Returns-focused budget with strong full-cycle economics Corporate Average CORPORATE PRESENTATION Well Payouts in 2020E Fully funded at US46/bbl WTI 31 24 20 Capital…
  13. 4Q 2019 Earnings Presentation – Crescent Point Energy Corp. – slide 13
    Waterflood Reserve Additions Viewfield Waterflood Cumulative Additions (MMboe) Direct Offset Production* CORPORATE PRESENTATION 2P Waterflood Reserves 60 65MMboe cumulative 2P 6,000 reserve additions Oil Rate bbl/d 40…
  14. 4Q 2019 Earnings Presentation – Crescent Point Energy Corp. – slide 14
    Viewfield Significant free cash flow generation CORPORATE PRESENTATION Economics of infill Bakken locations within top quartile of risked inventory Continue to pursue additional areas for unitization to increase waterflood…
  15. 4Q 2019 Earnings Presentation – Crescent Point Energy Corp. – slide 15
    Shaunavon Low-risk, high-return drilling inventory CORPORATE PRESENTATION Multi-zone potential (Lower and Upper Shaunavon) Free cash flow positive Advancing decline mitigation program Enhances free cash flow and recovery…
  16. 4Q 2019 Earnings Presentation – Crescent Point Energy Corp. – slide 16
    Flat Lake Targeting Torquay (Three Forks) and conventional Ratcliffe zones CORPORATE PRESENTATION Opportunity to enhance efficiencies and returns by utilizing pad drilling, longer laterals and development near existing…
  17. 4Q 2019 Earnings Presentation – Crescent Point Energy Corp. – slide 17
    North Dakota CORPORATE PRESENTATION Multi-zone potential providing economic drilling opportunities Targeting Bakken and Three Forks Maximizing efficiencies through multi-well pad development Free cash flow positive Ongoing…
  18. 4Q 2019 Earnings Presentation – Crescent Point Energy Corp. – slide 18
    Long-Term Notes Senior notes represent 80% of total net debt in 2020E (at US55/bbl WTI) CORPORATE PRESENTATION No material near-term senior note debt maturities Significant liquidity of 2.6B No foreign exchange risk as 100% of…
  19. 4Q 2019 Earnings Presentation – Crescent Point Energy Corp. – slide 19
    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…
  20. 4Q 2019 Earnings Presentation – Crescent Point Energy Corp. – slide 20
    Board Diversity & Experience Full Board Renewal Since 2014 Board Independence Board Skills Align with CORPORATE PRESENTATION Long-Term Strategy of Indp. Board of Directors Added 8 out of 9 board members 8 89% are independent…
  21. 4Q 2019 Earnings Presentation – Crescent Point Energy Corp. – slide 21
    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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