Riley Exploration Permian, Inc. Investor Presentation NYSE: REPX March 2021 NYSE American: REPX www.rileypermian.com
Investment Highlights of a New Breed, Small Cap E&P 14% 67% 28MM 8% 2020 vs. 2019 1Q21 FY21E FY21E Production Cash Margin(2) Free Cash Flow, Free Cash Flow Growth(1) per Guidance(3) Yield(3) 65% 9 5.6% 1.4x FY21E Consecutive…
Strategic Priorities Utilize data-driven analysis for performance management and asset optimization Operational Continuously improve to maintain top-quartile metrics among small caps and large Excellence caps Organically grow…
Corporate Profile Company Market Information Merger completed on February 26, 2021 between Riley Exploration Permian, LLC and Tengasco, Inc. NYSE American Ticker REPX Company subsequently renamed Riley Exploration Permian, Inc.…
Asset Profile Core focus on development of horizontal San Andres Riley Permians primary asset (Champions) is continuation production on the Northwest Shelf of the Permian Basin of a giant, legacy oilfield The San Andres is a proven…
Fiscal 1Q21 Highlights Activity Drilled 2 gross / 2 net wells, which are being completed in 2Q21 Brought online 5 gross (2.7 net) wells Production 5.95 MBbls/d 7.59 Mboe/d, 7% growth vs. Q420 Spending 8.8 MM total Capex 48% of…
Initial Guidance for Fiscal Year 2021 Activity Drill 12 gross / 9 net wells Complete 5 gross / 4.7 net wells Production 6.4 MBbls/d 8.4 Mboe/d, 18% growth vs. FY20 Spending 52 MM total Capex 65% reinvestment rate of…
Performance Based Culture Since inception, Riley Permian has delivered steady production growth, while focusing on cost control and lowering Lease Operating and G&A (cash). Average Daily Production (Boe/d)(1) Adjusted EBITDAX…
Riley Permian Reserves Summary Undeveloped 3P Locations as of September 30, 2020 Natural Gas Gross Horizontal % by Reserve Net Horizontal % by Reserve Reserve Type Oil (MBbls) (MMcf) NGL (MBbls) Total (Mboe) Drilling Locations Type…
Environmental, Social and Governance (ESG) Vapor Recovery Leak Detection & CO2 Emission Minimal Flaring Water Disposal Units Repair Reduction Minimized Installation of Implemented a Leak +99% of oil +99% of produced emissions by…
Future Drivers of Value Multi-year continued development of predictable, low risk undeveloped locations. Champions Development Ability to ramp up development pace, with the majority of the infrastructure in place. Development phase…
Non-GAAP Financial Measures Adjusted EBITDAX Adjusted EBITDAX REPX defines Adjusted EBITDAX as net income (loss) adjusted for certain cash and non-cash items, including depreciation, depletion, amortization and accretion, or DD&A,…
Non-GAAP Financial Measures Discretionary Cash Flow and Free Cash Flow Discretionary Cash Flow REPX defines Discretionary Cash Flow as Adjusted EBITDAX (defined in Reconciliation of Non-GAAP Financial Measures Adjusted EBITDAX), less…
Non-GAAP Financial Measures Net Debt Net Debt The Company defines net debt as debt less cash and cash equivalents. Net debt should not be considered an alternative to, or more meaningful then, total debt, the most directly comparable…
Leadership Team Bobby Riley, Chief Executive Officer and Chairman of the Board Mr. Riley was appointed as the Chairman of Riley Exploration Permian, Inc.s (REPX) board of managers, President and Chief Executive Officer in June 2016. Mr.…
Leadership Team (contd) Corey Riley, Executive Vice President of Business Intelligence Mr. Riley joined Riley Exploration Permian, Inc. (REPX) in April of 2019 as Executive Vice President of Business Intelligence and is responsible for…
Board of Directors Bobby Riley (see previous slide) Mike Rugen (see previous slide) Brent Arriaga Mr. Arriaga is the Corporate Controller of Helix Energy Solutions Group, Inc., an offshore energy service company. Mr. Arriaga has over 20…
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