Creating energy for the world Investor Presentation August 2020
A Differentiated Investment Guiding Principles Sustainable Business Model Risk Management around All Aspects of the Business Superior Capital Discipline and Allocation Operational Excellence and Top-tier ESG Performance…
Capital Budget and Dividend 2020 Capital Budget Reduced by 40% Dividend Reduced by 60% Business Sustainability Low cost structure and operational flexibility 0.05 per Share 500 million (Monthly) Commodity optionality and…
Capital Allocation Priorities and 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 Pay sustainable…
ARCs Vision for the Future Production (Mboe/day) 150 to 155 139 133 123 2017 2018 2019 2020F Production Base Capital Expenditures ( millions) 830 679 692 300 2017 2018 2019 2020F Capital Expenditures ARC…
2020 Budget of 300 Million Attachie BC AB Tower Pouce Coupe Septimus Parkland Attachie Sunset Sunrise Dawson Sunrise 30MM 5,000 boe/day 35MM 7 wells Sundown Optimize pad profitability 36,000 boe/day with implementation of…
Multiple Layers to Develop Attachie Septimus Sunrise Tower Parkland Dawson Pouce Coupe Montney Upper Montney A Montney B Montney C Montney Lower Montney D Montney E Existing Horizontal Wells,…
Cost Management and Decline Rate Three-year PDP FD&A Costs (/boe) (1)(2)(3) Q1 2020 Operating Expense (/boe) (4)(5) 2021E Corporate Decline Rates (6) 32 16 40% Canadian Producers US Producers Group Average 24 12 30% Group…
Risk Management Program Realized Gain (Loss) on Risk Management Contracts (1)(2) 300 Crude Oil Natural Gas Foreign Exchange & Power 200 Total millions 100 0 (100) 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018…
Natural Gas Financial and Physical Price Management WCSB Demand & Export Capacity Growth (1) ARCs Natural Gas Price and Diversification (2)(3)(4) 4.00 3.34 3.18 3.00 0.78 2.56 0.81 5.6 Bcf/day Demand & Export Capacity 2.14…
Emissions Management Strategy Emissions Management Strategy GHG Emissions Intensity Performance (Scope 1 and 2) 0.04 Proactively focus on reducing GHG intensity Set GHG emissions intensity reduction target Tonnes of CO2…
Strong Safety Performance Contractor Total Recordable Incident Frequency 2.0 60% Reduction Total Recordable Incident Frequency 1.5 1.0 0.5 0.0 2014 2015 2016 2017 2018 2019 2020 YTD Strong safety…
Resource Potential and Scalability Attachie ARC has: 1,000 net Montney sections (636,000 acres) Over 4,500 future drilling locations identified across the Montney Commodity, geographic, and multi-layer optionality Greater Dawson…
Greater Dawson Area Overview Snapshot Development Plan Brought Dawson Phase IV on-stream in Q2 2020 Recommenced drilling activities in Q3 2020 to capture strong natural gas prices 2020 Development Focus Capital Budget Planned…
Greater Dawson Area Strong Condensate Results Greater Dawson Area Condensate Performance 200,000 Lower Montney Range Upper Montney Range NGLs Natural Cumulative Condensate Production (bbl) [C2,C3,C4] Condensate Gas 150,000…
Dawson Phase IV On-stream Dawson Phase IV Project Checklist Commercial and Development Execution Regulatory Approval Secured Takeaway Secured Economics Robust Facility Execution Project Cost On budget Safety 0 LTIs On-stream…
Attachie Overview Snapshot Development Plan Optimize pad profitability with implementation of next generation of well design 8.9 Bbbl liquids and 32 Tcf gas in place (1) Prepare Attachie West Phase I for execution as next major…
Asset Details Sunrise Dawson Parkland/Tower Ante Creek Attachie Pembina Net production Q2 2020 Crude oil & liquids (bbl/day) 12 10,454 10,592 7,598 1,817 7,066 Natural gas (MMcf/day) 243.9 342.3 121.0 40.4 7.3 11.4 Total…
Note Repayment Schedule Long-term Notes Principal Repayment Schedule (1) 200 3.72% US Note 8.21% US Note 5.36% US Note 3.31% US Note 150 3.81% US Note 4.49% Cdn Note Cdn millions 100 50 0 Bal 2020 2021 2022…
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 2019…
Contact Information Kris Bibby Senior Vice President and Chief Financial Officer 403.503.8675 KBibbyarcresources.com Martha Wilmot Investor Relations Analyst 403.509.7280 MWilmotarcresources.com General Investor Relations…
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