Core Oil Delaware Basin Pure-Play Simmons Energy Conference March 22-23, 2021
Centennial Resource Development Overview Core Acreage and Strong Execution Track-Record P Asset Map Acreage in core of the Northern & Southern Delaware Large, contiguous 81,700 net acres acreage position in the Delaware Basin…
Exchangeable Note Offering Highlights Improves maturity profile by redeeming nearest Senior Note (2nd Lien) maturity at par Strengthens liquidity through elimination of 32mm revolving credit facility (RCF) availability blocker tied…
Sources & Uses and Pro Forma Capitalization Overview Pro forma capitalization as of 12/31/20 ( mm)1 Issuing 150mm of Senior Unsecured Exchangeable Notes Capitalization Actual Adjustments Pro forma 7-year maturity Cash and cash…
Transaction Strengthens Credit Profile Pro Forma Debt Maturity Profile (mm) 1 Credit Facility Borrowings 8.000% Sr. Secured Second Lien Notes Par redemption of Second Lien Notes issued 5.375% Sr. Unsecured Notes 700 as part of the…
Centennial 2.0: The Path Forward Q4 2020 FY 2021 FY 2022+ Added a second drilling rig and Plan to operate a two-rig Generate free cash flow down returned to normalized drilling program to a low-40s / Bbl oil price activity levels…
Centennial 2.0: Final Thoughts High-Quality Asset Base Proven Operational Execution Sustained Well Cost Reductions Improved Capital Lower Unit Cost Structure Efficiency & FCF Profile Shallowing Corporate Decline Rate No…
Appendix 9
Reconciliation of Adjusted EBITDAX to Net Income (Loss) Adjusted EBITDAX reconciliation ( thousands)1 FY 2020 ( in thousands, unless specified) FY 2019 Q1 Q2 Q3 Q4 FY 2020 Net income (loss) attributable to Class A Common Stock…
Reconciliation of Free Cash Flow to Operating Cash Flow Free Cash Flow (Deficit) reconciliation ( thousands)1 Three Months Ended December 31, Twelve Months Ended December 31, ( in thousands) 2020 2019 2020 2019 Net cash provided by…
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