Creating energy for the world Investor Presentation July 2020
Advisory Statements Forward-looking Information and Statements and Advisory Statements This presentation contains forward-looking information as to ARCs internal projections, expectations, or beliefs relating to future events or future…
Current Commodity Price Environment Natural Gas Production Strategy Crude Oil & Liquids Production Strategy Corporate Production 180 Most shut-in production Brought Dawson Phase IV Average Daily Production (Mboe/day) brought…
Long-term Corporate Profitability Return on Average Capital Employed (1) Delivering Full-cycle Asset Level Returns 30% 20% After-tax Rate of Return 10% 0% Proportional Facility and Appropriate (10%) Timing…
Historical Capital Allocation and Outlook 2016 to 2019 Capital Allocation 2020 Forecasted Capital Allocation Inflows Outflows Inflows Outflows Funds from Operations Net A&D Proceeds Dividend Capital Expenditures ARC…
2020 Guidance (1) Invest up to to bring Dawson Phase IV and 300 million Ante Creek expansion on-stream in Q2 and to focus on dry gas development 33,000 37,500 bbl/day of liquids production to produce and drill 705 710 MMcf/day…
World-class Montney Resource Montney Optionality Significant Montney Inventory (1) BC AB 6,400 Geographic Optionality Egress Optionality Commodity Optionality Multi-layer Optionality 4,800 Number of Locations Oil &…
Top-tier Montney Economics Montney Natural Gas Break-evens (Cdn/Mcf) (1)(2) Montney Liquids Break-evens (US/bbl) (1)(2) 2.40 Q1 2020 Average Realized Natural Gas Price 50.00 including Gain on Risk Management Contracts: 2.14/Mcf Q1…
Risk Management Program Realized Gain (Loss) on Risk Management Contracts (1)(2) 250 Crude Oil Natural Gas 200 Foreign Exchange & Power Total 150 100 millions 50 0 (50) (100) 2009 2010 2011 2012 2013 2014 2015…
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 3.15 3.18 3.00 0.78 2.56 5.6 Bcf/day Demand & Export Capacity 0.92 0.81…
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 50% 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 Completed the Dawson Phase IV project which was brought on-stream in Q2 2020 Maximize natural gas production to capitalize on strong natural gas prices 2020 Development Focus…
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 Three wells from Attachie 2-27 Phase I pad have cumulatively produced 250,000 barrels of condensate and 815 MMcf of natural gas over 140 days of production 8.9 Bbbl liquids and 32 Tcf gas…
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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