Penn Virginia Positions for the Future: Transformational Equity Investment from Juniper Capital and Bolt-on Asset Purchase November 3, 2020
Transformational Transaction No Significant Low Leverage / Premier Oil and Increase in Size Prudent Risk Near-Term Strong Liquidity Gas Asset Base and Scale Management Maturities Fayette Completely restructures balance…
Transaction Overview No Significant Low Leverage / Premier Oil and Increase in Size Prudent Risk Near-Term Strong Liquidity Gas Asset Base and Scale Management Maturities Transformative Transaction Creates Well Positioned…
Creates Sustainable Platform for Low Oil Price Environment Low Leverage / No Significant Premier Oil and Increase in Size Prudent Risk Strong Liquidity Near-Term Gas Asset Base and Scale Management Maturities Pro Forma LTM Net…
Creates Sustainable Platform for Low Oil Price Environment Low Leverage / No Significant Premier Oil and Increase in Size Prudent Risk Strong Liquidity Near-Term Gas Asset Base and Scale Management Maturities Standalone Debt…
Premier Asset Base in the U.S. - Oil Weighted No Significant Premier Oil and Prudent Risk Low Leverage / Increase in Size Near-Term Gas Asset Base Management Strong Liquidity and Scale Maturities Premier Asset Base in U.S.…
RCR Assets Primed for Significant Operational Synergies No Significant Premier Oil and Prudent Risk Low Leverage / Increase in Size Near-Term Gas Asset Base Management Strong Liquidity and Scale Maturities Further cores up…
Peer Leading Margins Among Public E&Ps No Significant Premier Oil and Increase in Size Low Leverage / Prudent Risk Near-Term Gas Asset Base and Scale Strong Liquidity Management Maturities 2020E EBITDA per BOE(1) Oil…
Increased Size and Scale Market Capitalization Doubled Low Leverage / No Significant Premier Oil and Increase in Size Prudent Risk Strong Liquidity Near-Term Gas Asset Base and Scale Management Maturities Multiple Scale Benefits…
Robust Hedge Book Low Leverage / No Significant Premier Oil and Significant Increase in Size Prudent Risk Strong Liquidity Near-Term Gas Asset Base Increase in Size and Scale Management Maturities & Scale Mitigating Commodity…
PVAC Strategy Remains the Same Transformative Transaction Creates Well Positioned Company Highly Weighted to Oil Ability to Low Cost/ Generate High Free Cash Margin Flow (1) Strong Low Hedge Leverage…
Definition and Explanation of Free Cash Flow Definition and Explanation of Free Cash Flow Free Cash Flow is a non-GAAP financial measure that management believes illustrates our ability to generate cash flows from our business that are…
Definition of Net Debt Net Debt Net debt, excluding unamortized discount and debt issuance costs is a non-GAAP financial measure that is defined as total principal amount of long-term debt less cash and cash equivalents. The most…
Reconciliation of GAAP Net Income to Non-GAAP Adjusted EBITDAX Reconciliation of GAAP Net income to Non-GAAP Adjusted EBITDAX Adjusted EBITDAX represents net income before interest expense, income taxes, impairment of oil and gas…