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Q3 2020 Earnings Presentation – Crescent Point Energy Corp.

Crescent Point Energy Corp. · Oct 30, 2020 · 22 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. Q3 2020 Earnings Presentation – Crescent Point Energy Corp. – slide 1
    CORPORATE PRESENTATION October 2020 Corporate Presentation CRESCENT POINT CRESCENT POINT
  2. Q3 2020 Earnings Presentation – Crescent Point Energy Corp. – slide 2
    Q3 2020 Operating Highlights CORPORATE PRESENTATION Balance Sheet Cost Reductions & Disciplined Focus Operational Execution Capital Allocation Net debt reduction of Increased 2020 production guidance Generated Q3 excess cash…
  3. Q3 2020 Earnings Presentation – Crescent Point Energy Corp. – slide 3
    CPGs Principles for Success Management execution and initiatives centered on balance sheet strength and sustainability CORPORATE PRESENTATION CRESCENT POINT Strategic pillars supported by strong ESG focus 3 ESG: Environmental,…
  4. Q3 2020 Earnings Presentation – Crescent Point Energy Corp. – slide 4
    Returns Based Capital Allocation Framework & Free Cash Flow Priorities CORPORATE PRESENTATION ASSET LEVEL CORPORATE LEVEL Funds Flow (Maximize with a cost discipline) Base Plan Risk Adjusted Returns and Value Added (Well &…
  5. Q3 2020 Earnings Presentation – Crescent Point Energy Corp. – slide 5
    Framework for 2021 Capital Allocation 2021 Excess Cash Flow Generation CORPORATE PRESENTATION Targeting total reinvestment 400 rate…
  6. Q3 2020 Earnings Presentation – Crescent Point Energy Corp. – slide 6
    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…
  7. Q3 2020 Earnings Presentation – Crescent Point Energy Corp. – slide 7
    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 CRESCENT POINT Shaunavon 1,000 Viewfield Flat Lake 500…
  8. Q3 2020 Earnings Presentation – Crescent Point Energy Corp. – slide 8
    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…
  9. Q3 2020 Earnings Presentation – Crescent Point Energy Corp. – slide 9
    Disciplined Commitment to Decline Mitigation CORPORATE PRESENTATION Reducing Corporate Decline 2021E Corporate Decline Rates 35% 40% 30% Corporate Decline Rate Corporate Decline Rate 30% 20% CRESCENT POINT…
  10. Q3 2020 Earnings Presentation – Crescent Point Energy Corp. – slide 10
    Lowering Costs, Enhancing Safe Operations & Reducing Environmental Impact Benefits of the Operational Technology (OT) Platform & Optimized Workflows CORPORATE PRESENTATION Fewer Kilometers driven Enhances safety and reduces…
  11. Q3 2020 Earnings Presentation – Crescent Point Energy Corp. – slide 11
    Internal Efficiencies Delivering Capital Cost Improvements CORPORATE PRESENTATION Capital Cost Reductions Internal Efficiencies Driven by: Knowledge transfer across asset base Drilling Savings Completion Savings Culture of…
  12. Q3 2020 Earnings Presentation – Crescent Point Energy Corp. – slide 12
    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 Q4/20…
  13. Q3 2020 Earnings Presentation – Crescent Point Energy Corp. – slide 13
    Differentiated Competitive Position Disciplined Capital Allocation CORPORATE PRESENTATION Returns-based capital allocation framework Priorities centered around balance sheet strength and sustainability Track record of returning…
  14. Q3 2020 Earnings Presentation – Crescent Point Energy Corp. – slide 14
    CRESCENT POINT CORPORATE PRESENTATION Appendix October 2018
  15. Q3 2020 Earnings Presentation – Crescent Point Energy Corp. – slide 15
    Capital Markets Summary & 2020 Guidance CORPORATE PRESENTATION Capital Markets Summary CPG (TSX and NYSE) 2020 Guidance Prior Revised Trading Price (Oct. 23, 2020) C1.75 (TSX), US1.33 (NYSE) Development Capital 665 million 665…
  16. Q3 2020 Earnings Presentation – Crescent Point Energy Corp. – slide 16
    High Netback Asset Base CORPORATE PRESENTATION 2021E Operating Netback 25 20 15 /boe CRESCENT POINT 10 5 0 CPG Peer 2 Peer 1 Peer 3 Peer 4 Peer 5 Peer 6 Peer 7 Peer…
  17. Q3 2020 Earnings Presentation – Crescent Point Energy Corp. – slide 17
    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…
  18. Q3 2020 Earnings Presentation – Crescent Point Energy Corp. – slide 18
    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…
  19. Q3 2020 Earnings Presentation – Crescent Point Energy Corp. – slide 19
    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…
  20. Q3 2020 Earnings Presentation – Crescent Point Energy Corp. – slide 20
    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…
  21. Q3 2020 Earnings Presentation – Crescent Point Energy Corp. – slide 21
    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…
  22. Q3 2020 Earnings Presentation – Crescent Point Energy Corp. – slide 22
    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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