Creating energy for the world Investor Presentation December 2020
Advisory Statements Forward-looking Information and Statements and Advisory Statements This presentation contains forward-looking information as to ARCs internal projections, expectations, or beliefs relating to future events or future…
A Differentiated Investment Guiding Principles Sustainable Business Model Risk Management around All Aspects of the Business Superior Capital Discipline and Allocation Operational Excellence and Top-tier ESG Performance…
Capital Allocation Principles and Priorities Capital Allocation Principles Capital Allocation Priorities Manage net debt to funds from operations ratio within 1.0 to 1.5x Committed Debt Reduction Capital Long-term Pay…
Financial Strength Canadian Benchmarking: 2020E Year-end Net Debt / 2020E Cash Flow (1) Group Average 9.2 8.2 6.4 5.4 5.7 5.8 4.4 4.4 4.4 4.5 4.5 4.6 2.5 2.6 2.7 2.8 2.9 2.3 1.3 1.4 1.6 1.6 ARC US Benchmarking: 2020E…
Production and Capital Expenditures Production (Mboe/day) 157 to 160 158 to 165 139 133 123 2017 2018 2019 2020F 2021F Production Base Capital Expenditures ( millions) 830 679 692 375 to 425 350 2017 2018 2019…
2021 Guidance Invest to profitably sustain production in core areas and complete minor 375 million facility optimization projects at Sunrise and Parkland/Tower to 425 million 32,500 36,500 bbl/day of liquids production to produce…
2021 Budget of 375 Million to 425 Million Attachie BC AB Tower Pouce Coupe Septimus Parkland Sunset Attachie Sunrise Dawson Sunrise 77MM 9 wells 6MM Sundown 40,000 boe/day 3,500 boe/day Expand existing facility by Complete…
ESG Excellence ESG Ratings by Major Oil-producing Country (1)(2) Oil and Gas Companies Relative ESG Rankings (1) 100 500 70 Africa Asia Canada 64 Europe 75 375 Latin America Social and Governance Score Average ESG…
Water Management Strategy and Performance Water Management Strategy Water Storage Reservoirs Responsibly manage water use in operations Evaluate technologies and procedures to implement best practices Sunrise Parkland Water…
World-class Montney Resource Montney Optionality Significant Montney Inventory (1) BC AB 6,400 Geographic Optionality Egress Optionality Commodity Optionality Multi-layer Optionality 4,800 Number of Locations Oil &…
Owned-and-operated Infrastructure Ante Creek 2-26 NE BC Ante Creek 10-7 Parkland/Tower Phase I Ante Creek 10-36 Dawson Phase III & IV AB Dawson Phase I & II Sunrise Phase I & II Corporate Sales Capacity: 800 MMcf/day of…
Top-tier Montney Economics Montney Natural Gas Break-evens (Cdn/Mcf) (1)(2) Montney Liquids Break-evens (US/bbl) (1) 2.40 40.00 2020 YTD Average Realized Natural Gas Price including Gain on Risk Management Contracts: 2.12/Mcf 2020…
Natural Gas Financial and Physical Price Management WCSB Demand & Export Capacity Growth (1) ARCs Natural Gas Price and Diversification (2)(3)(4) 3.50 3.18 0.81 2.56 2.18 5.4 Bcf/day Demand & Export Capacity 2.50 0.44 2.14…
Resource Potential and Scalability Attachie ARC has: 1,000 net Montney sections (636,000 acres) Over 4,500 future drilling locations identified across the Montney Commodity, geographic, and multi-layer optionality Greater Dawson…
Lower Montney Development and Liquids Growth Greater Dawson Area Lower Montney Development 23 Tcf (1) of resources in lower Montney Large Resource in Place 105 MMbbl of contingent resource NGLs, of which 71 MMbbl is condensate…
Sunrise Overview Snapshot Development Plan Complete infrastructure optimization project to add 40 MMcf/day of processing and sales capacity Sunset Maximize throughput to capitalize on anticipated strength in natural gas pricing…
Attachie Overview Snapshot Development Plan Complete detailed engineering work for development Will recommence drilling activities once development is undertaken to ensure the most efficient and profitable execution possible 2021…
2020 Budget of 350 Million Attachie BC AB Tower Pouce Coupe Septimus Parkland Sunset Attachie Sunrise Dawson Sunrise 31MM 48MM 16 wells Sundown 4,000 boe/day 38,500 boe/day Optimize pad profitability with Ensure maximum…
Business Overview Production Net Debt to Funds from Operations Dividends (1) 180,000 1,600 2.5 8 120% Dividends as a % of Funds from Operations 2.0 Cumulative Dividends ( billions) 135,000 1,200 6 90% 1.5…
Risk Management Program Realized Gain (Loss) on Risk Management Contracts ( millions) (1)(2) 300 Crude Oil Natural Gas Foreign Exchange & Power 200 Total 100 0 (100) 2009 2010 2011 2012 2013 2014 2015 2016 2017…
ESG Recognitions and Rankings Member of MSCI Global Sustainability Index MSCI ESG Rating: AAA Member of FTSE Russells FTSE4Good Index Series since 2018 Voluntary participant since 2007 Member of the 30% Club since 2018 2019…
Contact Information Kris Bibby Senior Vice President and Chief Financial Officer 403.503.8675 KBibbyarcresources.com Martha Wilmot Investor Relations Analyst 403.509.7280 MWilmotarcresources.com General Investor Relations…
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