Strategic Montney Combination ARC Resources Ltd. and Seven Generations Energy Ltd. TSX TSX ARX VII
Benefits of the Combination Achieves Enhances Capital Preserves Captures Cost Elevates Size and Allocation Strong Financial Savings and Position as Scale Optionality Position Synergies ESG Leader + Largest pure-play + Increased…
Leadership and Governance Terry Anderson Kris Bibby David Holt President & CEO Senior Vice President & CFO Senior Vice President & COO ARC Director since 2020 Seven Generations ARC Employee since 2000 ARC Employee since 2014…
Transaction Overview Transaction Consideration Ownership Approvals All-share transaction Exchange ratio: Pro forma equity: Voting directors of ARC structured as a plan of Each Seven Generations 49% ARC and Seven Generations…
The Largest Pure-play Montney Company Combined Enterprise Value ( billions)(1) 3.4 4.7 8.1 2021E Production (Mboe/day) 158 - 165 180 - 185 340 Crude Oil and Liquids Mix 24% 58% 42% Alberta Production Mix 16% 100% 61% Net…
Achieves Material Size and Scale 2021E Canadian production(1)(2) Canadian E&P enterprise values(1)(3) Mboe/day billions 500 16 ARC will become Canadas: + Largest condensate producer 375 + 3rd largest natural gas producer 12 + 6th…
Captures 110 Million in Annual Cost Savings Combination to drive significant cost savings and synergies Annual cost savings expected by 2022 435 million Cost Savings over Five Years(NPV10)(1) 120 25 million 90 25 million…
Capital Allocation Principles Remain Unchanged Principles Priorities Manage net debt to funds from operations Debt Reduction ratio within 1.0 and 1.5 times Organic Development Opportunities Committed Capital Pay…
Preserves Financial Strength and Ample Liquidity Overview Net debt & net debt to funds from operations(1) + Up to 3.5 billion in committed financing to ensure 2.0 ample liquidity Net Debt to Funds from Operations 3000 1.5…
Significant Cash Flow Protection Crude oil and condensate production hedged(1) Natural gas production hedged(1) Mbbl/day, % MMBtu/day, % 48 60% 720,000 60% 36 45% 540,000 45% 24 30% 360,000 30% 12 15% 180,000 15% 0 0% 0…
Grows Network of Owned-and-operated Infrastructure Combined network of owned-and-operated infrastructure + Grows natural gas processing and sales capacity to 1.5 Bcf/day + Creates ability to optimize the combined portfolio which has…
2021 Capital Program of 1.0 Billion to 1.1 Billion Attachie Ante Creek 5MM 60MM 16 wells 3,500 boe/day 17,000 boe/day Complete detailed Deliver profitable light oil engineering work for production by leveraging development 2020…
Commitment to ESG Leadership Environmental Social Governance + Maintain standing as lowest + Be an industry leader in + Manage risks around all aspects GHG emissions intensity health and safety practices of the business producer…
The Premier Montney Company Achieves Material Size and Scale with Diversified Product Mix Increases Capital Allocation Optionality Enhances Free Funds Flow(1) Generation Commitment to Delivering Strong Returns to…
Advisory Statements Developing forward-looking information involves reliance on a number of assumptions and consideration of certain risks and uncertainties, some of which are specific to ARC, Seven Generations, and the combined company…
Advisory Statements The risk factors and uncertainties that could cause actual results to differ materially from the anticipated results or expectations expressed in this presentation, include: the completion and the timing of the…
Investor Relations Contacts ARC Resources Ltd. Contacts Seven Generations Energy Ltd. Contacts Kris Bibby Brian Newmarch Senior Vice President and Chief Financial Officer Vice President, Capital Markets and Stakeholder Engagement ARC…
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