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Corporate Presentation December 2020 – Crescent Point Energy Corp.

Crescent Point Energy Corp. · Dec 1, 2020 · 23 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. Corporate Presentation December 2020 – Crescent Point Energy Corp. – slide 1
    CORPORATE PRESENTATION December 2020 Corporate Presentation CRESCENT POINT CRESCENT POINT Bringing energy to our world - the right way
  2. Corporate Presentation December 2020 – Crescent Point Energy Corp. – slide 2
    CPGs Principles for Success Management execution and initiatives centered on balance sheet strength and sustainability CORPORATE PRESENTATION CRESCENT POINT Strategic initiatives supported by strong ESG focus 2 ESG:…
  3. Corporate Presentation December 2020 – Crescent Point Energy Corp. – slide 3
    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 &…
  4. Corporate Presentation December 2020 – Crescent Point Energy Corp. – slide 4
    Disciplined 2021 Budget Maximizes Excess Cash Flow Generation Disciplined, focused and returns driven budget CORPORATE PRESENTATION Capital Expenditures Majority remains allocated to key focus areas 475 - 525MM 15% allocated to…
  5. Corporate Presentation December 2020 – Crescent Point Energy Corp. – slide 5
    Framework for 2021 Capital Allocation 2021 Excess Cash Flow Generation CORPORATE PRESENTATION 400 Targeting total reinvestment ratio…
  6. Corporate Presentation December 2020 – 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 Reduction in freshwater use by 15% in Flat Lake due to optimized well…
  7. Corporate Presentation December 2020 – 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 1,000 CRESCENT POINT Shaunavon Viewfield Flat Lake…
  8. Corporate Presentation December 2020 – 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. Corporate Presentation December 2020 – 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. Corporate Presentation December 2020 – 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. Corporate Presentation December 2020 – 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. Corporate Presentation December 2020 – 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. Corporate Presentation December 2020 – 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. Corporate Presentation December 2020 – Crescent Point Energy Corp. – slide 14
    CRESCENT POINT CORPORATE PRESENTATION Appendix October 2018
  15. Corporate Presentation December 2020 – Crescent Point Energy Corp. – slide 15
    Capital Markets Summary & 2021 Guidance CORPORATE PRESENTATION Capital Markets Summary CPG (TSX and NYSE) 2021 Guidance Trading Price (Nov. 27, 2020) C2.58 (TSX), US1.98 (NYSE) Development Capital Expenditures 475 - 525 million…
  16. Corporate Presentation December 2020 – Crescent Point Energy Corp. – slide 16
    High Netback Asset Base CORPORATE PRESENTATION 2021E Operating Netback 20 15 /boe CRESCENT POINT 10 5 0 Peer 1 Peer 2 Peer 3 Peer 4 Peer 5 Peer 6 Peer 7 Peer 8…
  17. Corporate Presentation December 2020 – Crescent Point Energy Corp. – slide 17
    Viewfield Viewfield Core Waterflood Units Continue to generate excess cash flow driven by high netback and low CORPORATE PRESENTATION decline asset base Economics within top quartile of risked inventory Strong waterflood…
  18. Corporate Presentation December 2020 – Crescent Point Energy Corp. – slide 18
    Shaunavon Low-risk and multi-zone asset base continues to generate excess cash flow CORPORATE PRESENTATION Significant waterflood potential with strong full-cycle economics Enhances recovery factor while lowering decline rate…
  19. Corporate Presentation December 2020 – Crescent Point Energy Corp. – slide 19
    Flat Lake Multi zone play continues to advance through drilling and completions CORPORATE PRESENTATION optimization Continue to focus on 2-mile horizontal development of Torquay zone with enhanced targeting through micro seismic…
  20. Corporate Presentation December 2020 – Crescent Point Energy Corp. – slide 20
    North Dakota Maximizing efficiencies through multi-well pad development and CORPORATE PRESENTATION completions optimization Multi-zone potential providing economic drilling opportunities Continued focus on cost efficiencies…
  21. Corporate Presentation December 2020 – Crescent Point Energy Corp. – slide 21
    Risk Management Approach CORPORATE PRESENTATION Safe & Responsible Operations Proactive Financial Risk Mitigation Strong safety culture Prioritizing balance sheet strength Operational Technology (OT) platform Prudent Risk…
  22. Corporate Presentation December 2020 – Crescent Point Energy Corp. – slide 22
    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…
  23. Corporate Presentation December 2020 – Crescent Point Energy Corp. – slide 23
    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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