Corporate Presentation November 2020 WF12520 p01 04.20
Lundin Energy A Leading European Independent E&P Company Production Industry Low carbon 1bn targeting 200 leading opex 2.80 footprint 1/6 15 Dividend 1.00 USD/boe barrels of reserves Average 2020-2026 and…
Lundin Energy Resilient at Low Oil Prices Dividend cover 2.2X First Nine Months 2020 Price EBITDA CFFO FCF pre dividend Opex 2.8/boe G&A 0.5/boe Tax 2.1/boe Finance (1) Capex 2.1/boe 16.3/boe 36/boe 33/boe 29/boe 13/boe…
Lundin Energy Organic Growth Strategy Southern Barents Sea Multiple Organic Growth Norway Pure Play Opportunities Material Acreage Position 7 Core Areas Maximise Mature Recovery/ Basins Step-outs Significant Norwegian…
Lundin Energy Long-term Production Growth Target Long-term 200 Mboepd guidance with upsides Full year guidance 170180 Mboepd 161163 93 Mboepd Mboepd 2019 2020 2021 onwards Delivering guidance or better for 21…
Lundin Energy Financial Performance Portfolio Cash Generation 90% of reserves onstream 15USD/boe FCF 90% oil - high quality breakeven…
Lundin Energy Shareholder Returns - Track Record Value Returned to Shareholders Shares in Issue 284 (million shares) MUSD 1520 15% Edvard Grieg 3,000 acquisition 16% share 340 redemption Valkyries acquisition 314 286…
Lundin Energy Industry Leading Decarbonisation Strategy Roadmap Industry leading low carbon business The Path to Carbon Neutrality Carbon Reduction Measures Starting Emissions Point Reduction/Energy Efficiency…
Lundin Energy Key Assets Production/Development Johan Sverdrup Norway Alvheim Area Production Alvheim Utsira High Area Production Development WF12623 p11 02.20 Edvard Grieg Edvard Grieg Tie-backs Lundin…
Lundin Energy Johan Sverdrup - In a League of its Own OPEX Carbon Footprint Phase…
Johan Sverdrup Phase 1 Performance Above Expectations Increased Plateau Reservoir Performance 500 Mbopd Excellent Facilities tested in 12 wells producing excess of 500 Mbopd Well capacity exceeding with further upsides in…
Lundin Energy Greater Edvard Grieg Area - Keeping the Facilities Full 800 Gross Reserves/Resources (MMboe) 588 3P 410 2C EDVARD GRIEG 2P 2P + 120% 186 2P Produced Edvard Grieg July Upside Prospective(2) PDO 2020 (1)…
Greater Edvard Grieg Area Solveig Phase 1 and Rolvsnes EWT Solveig Development 40100 MMboe (1) Breakeven oil…
Greater Edvard Grieg Area Production Acceleration and Further Plateau Extension PDO1 Latest 2 yrs Plateau production 7 yrs 5 year plateau extension since PDO 140 2P Reserves Year End 2019 120 t ci e y a p n…
Lundin Energy Alvheim Area - Continuous Reserves Growth Gross Reserves/Resources (MMboe) 3P 495 2C +93% 257 Produced ALVHEIM FPSO 2P 2P PDO 2019 Upside Frosk Boa 2 infill wells - first online: Q4 2020 - second: Q1…
Lundin Energy Track Record of Growing Reserves Reserve Replacement Ratio (1,2) 6 consecutive year of reserves growth th 6,754% while growing production 4x Johan Sverdrup 242% Reserves Growth 163% 133% 144% 150% 2P…
Oil Field/Discovery Gas Field/Discovery Southern Barents Sea Prospects/Leads 2020 Wells Strategic Acquisition and High Impact Exploration Lundin Energy (LUNE) Assets Idemitsu Petroleum Norway / Lundin Energy Deal Idemitsu…
Lundin Energy Long-term Value Creation 170180 Mboepd long-term Target 200 Mboepd Multiple organic growth sources Industry leading low OPEX 3.24.2 USD/boe long-term Resilient to low oil prices 15 USD/boe FCF breakeven oil price…
Further information available on www.lundin-energy.com and the Lundin Energy App Access Lundin Energys latest information by downloading the Lundin Energy App and Social media WF12623 p30 02.20 Lundin Energy 20
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