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May 2020 Corporate Presentation – Crescent Point Energy Corp.

Crescent Point Energy Corp. · May 19, 2020 · 17 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. May 2020 Corporate Presentation – Crescent Point Energy Corp. – slide 1
    CORPORATE PRESENTATION May 2020 Corporate Presentation CRESCENT POINT CRESCENT POINT
  2. May 2020 Corporate Presentation – Crescent Point Energy Corp. – slide 2
    Decisive Actions to Enhance Sustainability Capital Expenditures & Production 40% Reduction to Capital Budget CORPORATE PRESENTATION 2020 capital budget has been reduced by 475MM, or 40% 142,000 boe/d 400MM initial revision due…
  3. May 2020 Corporate Presentation – Crescent Point Energy Corp. – slide 3
    Managing the Current Commodity Price Environment CORPORATE PRESENTATION Balance cash outflows and inflows to preserve financial flexibility Maintain strong liquidity Current Priorities & Realize further cost improvements Risk…
  4. May 2020 Corporate Presentation – Crescent Point Energy Corp. – slide 4
    Commodity Hedging 65% hedged for balance of 2020 CORPORATE PRESENTATION 350MM to 450MM of gains in 2020 based on US20 to 30/bbl WTI for remainder of the year Oil Hedge Volume (bbl/d) 80,000 60,000 40,000 20,000…
  5. May 2020 Corporate Presentation – Crescent Point Energy Corp. – slide 5
    Balance Sheet Focus CORPORATE PRESENTATION Total Net Debt Long-Term Notes 1.7B 500 No material near-term Decrease senior note debt maturities 445 400 4.0B 300 CRESCENT POINT 224 2.8B 200 185 2.3B 100 0 0 YE…
  6. May 2020 Corporate Presentation – Crescent Point Energy Corp. – slide 6
    Operational Execution: Continuing to Improve Cost Structure Operating Expenses Capital Costs CORPORATE PRESENTATION Removed 120MM of permanent costs from operating expenses Reduced capital budget by 75MM with no associated since…
  7. May 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. May 2020 Corporate Presentation – Crescent Point Energy Corp. – slide 8
    Strong Commitment to ESG Practices CORPORATE PRESENTATION Environmental Social Governance Reduced future ARO and water intensity Adopted heightened safety protocols in response to Board oversight of ESG strategy and performance…
  9. May 2020 Corporate Presentation – Crescent Point Energy Corp. – slide 9
    CRESCENT POINT CORPORATE PRESENTATION Appendix October 2018
  10. May 2020 Corporate Presentation – Crescent Point Energy Corp. – slide 10
    Capital Markets Summary and Revised 2020 Guidance CORPORATE PRESENTATION Capital Markets Summary CPG (TSX and NYSE) 2020 Guidance Trading Price (Apr. 30, 2020) C1.94 (TSX), US1.39 (NYSE) Development Capital Expenditures 650 - 700…
  11. May 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. May 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. May 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. May 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. May 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 Expecting 10% improvement in well…
  16. May 2020 Corporate Presentation – Crescent Point Energy Corp. – slide 16
    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…
  17. May 2020 Corporate Presentation – Crescent Point Energy Corp. – slide 17
    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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