TSX: NVA Returns-Focused Sustainable Growth Corporate Presentation September 2020
NuVista Corporate Snapshot Production (MBoe/d) Corporate Information Operations 60 TSX Trading Symbol NVA NuVista Montney Shares Outstanding 225.7 Million 50,000 40 Credit Facility Capacity 475 Million 20 Net Debt/Cash Flow 1 3.2x…
CORPORATE STRATEGY NuVista: Focused on Returns Top Quality Assets Financial & Execution Strength Wapiti: Free cash flow engine Sufficient and growing liquidity to Pipestone: Returns-driven growth execute our plan 30% high-value…
TOP QUALITY ASSETS Significant High-Quality Inventory Supports Top-Tier Development Pipestone Wapiti Top-Tier Asset With Measured Growth Free Cash Flow Engine Excellent returns & capital efficiencies Cash flow driven by low…
EXECUTION FOCUS Activity Update: 2020 Program Outperforming on Cost and Productivity 1 Pipestone North Pipestone Rich Type Curve 12-Well Pad Pipestone Rich Type Curve Pipestone South 17 Well Avg. Avg Drilled Uncompleted 300…
EXECUTION FOCUS Material Reductions in Costs Drive Improved Capital Efficiencies Drilling Cost Going Longer for Less Completion Cost Intensity Up, Costs Down 3,000 3,600 2,400 3.0 Proppant Intensity (Tonnes) Completion Cost/…
TOP QUALITY ASSETS Value Based Capital Allocation to Top-Tier Incremental Economics Wapiti: Type Well Rate of Return Type Well Payout Robust economics support free 175% 45/Bbl WTI 50/Bbl WTI 1.5 45/Bbl WTI 50/Bbl WTI cash flow…
OPTIMAL GROWTH PROFILE Capacity Profile: Flexibility to Set Our Capital Program Commensurate with Price Environment Re-profiled MVCs allow for Targeting 10% CAGR over next 5 years prudent and purposeful 450 100,000 value enhancing…
OPTIMAL GROWTH PROFILE Disciplined Growth and Debt Reduction 5-Year Plan: Corporate Production Outlook Corporate Free Cash Flow Outlook 10% Annual Production 80 160 45/Bbl WTI 50/Bbl WTI Growth within cash flow at 60 120 45/Bbl1…
FINANCIAL STRENGTH Positioned for Resiliency in a 40 WTI Environment 2021 Base Decline and Capital Efficiency Modeling Drives attractive 2021 Base Decline: 2021 Stay-Flat Capex: Supported by: production adds at: 30% 140MM 14 DUCS…
FINANCIAL STRENGTH Material Liquidity and Improving Financial Leverage Reserves Based Senior Notes: Lending Facility1: 475 MM 220 MM Senior Debt 100 Termed Out to 2023 - - - 220MM 2020 2021 2022 2023 375 Significant…
TOP QUALITY ASSETS Condensate Pricing Market: Supply & Demand Fundamentals Western Canadian demand far exceeds domestic supply = Premium pricing over the long-term Continued demand growth & potential Southern Lights pipeline reversal…
FINANCIAL STRENGTH Market Diversification & Risk Management Program Natural Gas Price Diversification Active marketing program Hedged NYMEX Floating Chicago Floating California Floating Dawn Floating AECO Floating Pct. of…
NuVISTAS COMMITMENT ESG-Focused Culture1 Environmental Governance NuVista GHG Emissions 2012-2019 Over 50% Reduction Exec. Comp. Alignment Compensation tied to business & environmental performance 0.07 In Annual Greenhouse Gas…
CORPORATE STRATEGY NuVista: Focused on Returns Top Quality Assets Financial & Execution Strength Wapiti: Free cash flow engine Sufficient and growing liquidity to Pipestone: Returns-driven growth execute our plan 30% high-value…
Thank you
Advisory Regarding Oil and Gas Information ADVISORY REGARDING OIL AND GAS INFORMATION ECONOMIC INPUT ASSUMPTIONS EMISSIONS BENCHMARK METHODOLOGY The reserves estimates for 2019 presented herein have been evaluated by NuVista's type…
Abbreviations and Definitions physical storage and trading hub for natural gas AECO DCET drilled, completed, equip and tie-in MCF thousand cubic feet in Alberta Avg average DUCS drilled uncompleted wells MM million B billion E estimate…
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