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1Q 2020 Earnings Presentation – Falcon Minerals

Falcon Minerals · May 20, 2020 · 11 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. 1Q 2020 Earnings Presentation – Falcon Minerals – slide 1
    Investor Presentation May 2020
  2. 1Q 2020 Earnings Presentation – Falcon Minerals – slide 2
    Overview Falcons primary assets are located in the core of the Eagle Ford under premier operators Market / Asset Overview Core of the Core Eagle Ford NASDAQ Ticker FLMN Market Capitalization (1) 215mm Shares Outstanding (2)…
  3. 1Q 2020 Earnings Presentation – Falcon Minerals – slide 3
    Investment Highlights World class operators prosecuting decade long plans on Falcons Eagle Ford position Karnes Trough is characterized by some of the lowest breakeven returns to operators in North American shale EOG and COP have both…
  4. 1Q 2020 Earnings Presentation – Falcon Minerals – slide 4
    Recent Operator Commentary Operator Commentary Eagle Ford Outlook 10-year commitment to Eagle Ford Maintaining 4 rigs across the Eagle Ford currently 8 rigs running Average cost of supply in Lower 48 below 30 / Bbl with a 10% IRR…
  5. 1Q 2020 Earnings Presentation – Falcon Minerals – slide 5
    ConocoPhillips Long-Term Eagle Ford Update (November 2019) ConocoPhillips Analyst & Investor Meeting (Nov. 2019) Eagle Ford Production Profile (MBoe/d) Highlights Production expected to ramp from 215 MBoe/d in 3Q 19 to 300 MBoe/d by…
  6. 1Q 2020 Earnings Presentation – Falcon Minerals – slide 6
    Hooks Ranch Update Four Hooks Ranch wells were connected on February 7, 2020 and are currently producing Hooks Ranch Overview Hooks Ranch Lease Falcon Minerals has a 22.5% royalty interest in Gonzales ConocoPhillips Hooks Ranch…
  7. 1Q 2020 Earnings Presentation – Falcon Minerals – slide 7
    Substantial Remaining Inventory Across the Basin and Key Operators 3,000 gross locations remaining across Falcons Eagle Ford position Remaining Eagle Ford Inventory 4,500 4,000 3,500 71% 70% 66% 3,000 62% 60% Remaining…
  8. 1Q 2020 Earnings Presentation – Falcon Minerals – slide 8
    Development Activity 1Q 20 Development 2019 Development 7 rigs on Falcons position during first quarter 2020 Average 4 rigs on Falcons position currently Active Rigs Gross TIL Net TIL NRI 1.43 net wells TIL during first quarter…
  9. 1Q 2020 Earnings Presentation – Falcon Minerals – slide 9
    Financial Overview 2020 Guidance Pro Forma Capitalization as of 3/31/20 Temporarily suspending full-year 2020 guidance given ongoing uncertainty, Cash 2.2mm continued market volatility, and production curtailments expected over the…
  10. 1Q 2020 Earnings Presentation – Falcon Minerals – slide 10
    Dividend Payouts and Sustainability Falcon announced first quarter 2020 dividend of 0.025 per share 0.915 of cumulative dividends since inception Favorable Tax Treatment of Dividends 80% of dividends paid to Class A shareholders during…
  11. 1Q 2020 Earnings Presentation – Falcon Minerals – slide 11
    Key Takeaways World class operators executing on multi-year development plans in the core of the Eagle Ford Continued conservative leverage profile 0.95x levered as of first quarter 2020 Ability to generate free cash flow in…

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