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April 2020 Corporate Presentation – Crescent Point Energy Corp.

Crescent Point Energy Corp. · Apr 6, 2020 · 18 slides

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Slides

  1. April 2020 Corporate Presentation – Crescent Point Energy Corp. – slide 1
    CORPORATE PRESENTATION April 2020 Corporate Presentation CRESCENT POINT CRESCENT POINT
  2. April 2020 Corporate Presentation – Crescent Point Energy Corp. – slide 2
    2020 Revised Capital Budget and Guidance Capital Expenditures & Production 142,000 boe/d CORPORATE PRESENTATION Conservative and disciplined budget 1.15B 132,000 boe/d Revised capital expenditures by 35% to 700 800MM 35%…
  3. April 2020 Corporate Presentation – Crescent Point Energy Corp. – slide 3
    Managing the Current Commodity Price Environment CORPORATE PRESENTATION Balance cash outflows and inflows to protect balance sheet strength Maintain strong liquidity Currently 2.5B of cash and unutilized credit capacity Realize…
  4. April 2020 Corporate Presentation – Crescent Point Energy Corp. – slide 4
    Commodity Hedging 50% hedged in 2020 CORPORATE PRESENTATION 300MM to 400MM of gains in 2020 based on US25 to 35/bbl WTI for remainder of the year 80,000 Oil Hedge Volume (bbl/d) 60,000 40,000 20,000 CRESCENT POINT…
  5. April 2020 Corporate Presentation – Crescent Point Energy Corp. – slide 5
    Balance Sheet Strength Total Net Debt Long-Term Notes CORPORATE PRESENTATION Balancing outflows & inflows to protect current liquidity of 500 Bank Line 1.8B 2.5B No material near-term 445 2018-2020 Decrease senior note debt…
  6. April 2020 Corporate Presentation – Crescent Point Energy Corp. – slide 6
    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…
  7. April 2020 Corporate Presentation – Crescent Point Energy Corp. – slide 7
    Key Focus Areas CORPORATE PRESENTATION Returns AB Scalability SK CRESCENT POINT Shaunavon Viewfield Flat Lake Free Cash Flow ND Market Access Key Focus Areas Continue to optimize asset base using key…
  8. April 2020 Corporate Presentation – Crescent Point Energy Corp. – slide 8
    Strong Commitment to ESG Practices CORPORATE PRESENTATION Environmental Social Governance Reduced future ARO & water intensity through Health, safety & well-being of employees and Board oversight of ESG strategy & performance…
  9. April 2020 Corporate Presentation – Crescent Point Energy Corp. – slide 9
    CRESCENT POINT CORPORATE PRESENTATION Appendix October 2018
  10. April 2020 Corporate Presentation – Crescent Point Energy Corp. – slide 10
    Capital Markets Summary and 2020 Guidance CORPORATE PRESENTATION Capital Markets Summary CPG (TSX and NYSE) 2020 Guidance Trading Price (Mar. 31, 2020) C1.09 (TSX), US0.77 (NYSE) Development Capital Expenditures 700 - 800…
  11. April 2020 Corporate Presentation – Crescent Point Energy Corp. – slide 11
    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…
  12. April 2020 Corporate Presentation – Crescent Point Energy Corp. – slide 12
    Viewfield CORPORATE PRESENTATION Economics of infill Bakken locations within top quartile of risked inventory Pursuing additional areas for unitization to increase waterflood scalability and cost optimizations Reduced…
  13. April 2020 Corporate Presentation – Crescent Point Energy Corp. – slide 13
    Shaunavon Low-risk drilling inventory with competitive returns CORPORATE PRESENTATION Multi-zone potential (Lower and Upper Shaunavon) Advancing decline mitigation program Enhances free cash flow and recovery factor while…
  14. April 2020 Corporate Presentation – Crescent Point Energy Corp. – slide 14
    Flat Lake CORPORATE PRESENTATION Targeting Torquay (Three Forks) and conventional Ratcliffe zones Opportunity to enhance efficiencies and returns by utilizing pad drilling, longer laterals, development near existing…
  15. April 2020 Corporate Presentation – Crescent Point Energy Corp. – slide 15
    North Dakota CORPORATE PRESENTATION Multi-zone potential providing economic drilling opportunities Targeting Bakken and Three Forks Maximizing efficiencies through multi-well pad development Ongoing completions optimization…
  16. April 2020 Corporate Presentation – Crescent Point Energy Corp. – slide 16
    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…
  17. April 2020 Corporate Presentation – Crescent Point Energy Corp. – slide 17
    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…
  18. April 2020 Corporate Presentation – Crescent Point Energy Corp. – slide 18
    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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