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September 2020 Corporate Presentation – Crescent Point Energy Corp.

Crescent Point Energy Corp. · Sep 1, 2020 · 21 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. September 2020 Corporate Presentation – Crescent Point Energy Corp. – slide 1
    CORPORATE PRESENTATION September 2020 Corporate Presentation CRESCENT POINT CRESCENT POINT
  2. September 2020 Corporate Presentation – Crescent Point Energy Corp. – slide 2
    CPGs Key Attributes Competitive Advantages Principals For Success CORPORATE PRESENTATION Focused, high netback asset base Significant financial flexibility Disciplined & returns-based capital allocation CRESCENT…
  3. September 2020 Corporate Presentation – Crescent Point Energy Corp. – slide 3
    Navigating the Current Environment Remain disciplined to maintain financial strength CORPORATE PRESENTATION Reduced 2020 capital expenditures by 40% and demonstrated discipline in shut-in and reactivation program Realize…
  4. September 2020 Corporate Presentation – Crescent Point Energy Corp. – slide 4
    Improving Excess Cash Flow Generation Reactivated economic shut-in volumes, increasing H2/20 production by 20% CORPORATE PRESENTATION Expect to generate 125MM of excess cash flow in H2/20 at strip pricing, to be allocated to net…
  5. September 2020 Corporate Presentation – Crescent Point Energy Corp. – slide 5
    Key Focus Areas Key Focus Areas (Cumulative NOI Less Capital Expenditures) CORPORATE PRESENTATION 2,000 1.7B over the last 5 years AB SK 1,500 Million CAD 1,000 CRESCENT POINT Shaunavon Viewfield Flat Lake…
  6. September 2020 Corporate Presentation – Crescent Point Energy Corp. – slide 6
    Significant Financial Flexibility & Liquidity CORPORATE PRESENTATION Track record of debt reduction Significant Liquidity Balance Sheet Focus 1.8B decrease in net debt since YE18 No material near-term maturities Preserving…
  7. September 2020 Corporate Presentation – Crescent Point Energy Corp. – slide 7
    Enhancing Sustainability CORPORATE PRESENTATION Reducing Corporate Decline Operating Cost Savings Capital Cost Reductions 120MM, or 15%, of permanent operating 10% reduction in per well capital costs, on Decline rate expected to…
  8. September 2020 Corporate Presentation – Crescent Point Energy Corp. – slide 8
    Hedging Strategy Preserves Financial Flexibility Disciplined hedging program shelters cash Hedging Summary CORPORATE PRESENTATION flow against commodity price volatility 80,000 Oil Hedge Volume (bbl/d) 70% of H2/20…
  9. September 2020 Corporate Presentation – Crescent Point Energy Corp. – slide 9
    Commitment to Strong ESG Practices CORPORATE PRESENTATION Targeting 30% reduction in direct emissions intensity by 2025, including 50% reduction in methane Significantly decreased asset retirement obligations by over 220MM in…
  10. September 2020 Corporate Presentation – Crescent Point Energy Corp. – slide 10
    Key Value Drivers CORPORATE PRESENTATION Balance Sheet Cost Reductions & Disciplined Focus Operational Execution Capital Allocation Significant financial flexibility Enhancing efficiencies, cash CRESCENT POINT Returns…
  11. September 2020 Corporate Presentation – Crescent Point Energy Corp. – slide 11
    CRESCENT POINT CORPORATE PRESENTATION Appendix October 2018
  12. September 2020 Corporate Presentation – Crescent Point Energy Corp. – slide 12
    Capital Markets Summary and 2020 Guidance CORPORATE PRESENTATION Capital Markets Summary CPG (TSX and NYSE) 2020 Guidance Prior Revised Trading Price (Aug. 26, 2020) C2.40 (TSX), US1.83 (NYSE) Development Capital 650 - 700…
  13. September 2020 Corporate Presentation – Crescent Point Energy Corp. – slide 13
    High Netback Asset Base CORPORATE PRESENTATION 2021E Operating Netback 25 Relative advantage over Canadian peers due to disciplined capital allocation, continued sustainable cost reductions and relative market access 20…
  14. September 2020 Corporate Presentation – Crescent Point Energy Corp. – slide 14
    Innovation Generating Efficiencies Utilizing Technology to Optimize Workflows CORPORATE PRESENTATION Remote well monitors report on well efficiency, including flow temperature and pressure. When a well is not operating at 100%…
  15. September 2020 Corporate Presentation – Crescent Point Energy Corp. – slide 15
    Waterflood Reserve Additions Cumulative Additions (MMboe) 65MMboe cumulative 2P 2P Waterflood Reserves 60 CORPORATE PRESENTATION reserve additions Benefits 40 Increases production, reserves, recovery factor 20 Low F&D…
  16. September 2020 Corporate Presentation – Crescent Point Energy Corp. – slide 16
    Viewfield Viewfield Core Waterflood Units CORPORATE PRESENTATION Economics of infill Bakken locations within top quartile of risked inventory Pursuing additional areas for unitization to increase waterflood scalability and…
  17. September 2020 Corporate Presentation – Crescent Point Energy Corp. – slide 17
    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…
  18. September 2020 Corporate Presentation – Crescent Point Energy Corp. – slide 18
    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…
  19. September 2020 Corporate Presentation – Crescent Point Energy Corp. – slide 19
    North Dakota CORPORATE PRESENTATION Multi-zone potential providing economic drilling opportunities Targeting Bakken and Three Forks Maximizing efficiencies through multi-well pad development Realizing further 2020…
  20. September 2020 Corporate Presentation – Crescent Point Energy Corp. – slide 20
    Board of Directors (1, 2) Barbara Munroe Ted Goldthorpe Chair of the Board Financial professional and Managing Partner in charge of the Global Credit CORPORATE PRESENTATION 27 years of legal experience and industry…
  21. September 2020 Corporate Presentation – Crescent Point Energy Corp. – slide 21
    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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