TSX: NVA Returns-Focused Sustainable Growth Corporate Presentation March 2021
NuVista Corporate Snapshot Production (MBoe/d) Corporate Information Operations 60 TSX Trading Symbol NVA NuVista Montney Shares Outstanding 225.8 Million 50,000+ 40 Credit Facility Capacity 440 Million 20 Net Debt/Cash Flow 1…
CORPORATE STRATEGY NuVista: Focused on Returns Top Quality Assets Financial & Execution Strength Wapiti: Free cash flow engine Significant liquidity to execute Pipestone: Returns-driven growth our plan 30% high-value condensate Free…
TOP QUALITY ASSETS Significant High-Quality Inventory Supports Top-Tier Development Pipestone Wapiti Top-Tier Asset With Measured Growth Free Cash Flow Engine Excellent returns & capital efficiencies Cash flow driven by low…
EXECUTION FOCUS Activity Update: 2021 H1 Program in Full-Swing; Pipestone North Startup Imminent 1 Pipestone North 12-Well Pad Pipestone Very Rich Type Curve Late-Q1 On-Stream Pipestone Very Rich Type Curve Pipestone Very Rich Type…
EXECUTION FOCUS Material Reductions in Costs Drive Improved Capital Efficiencies Drilling Cost Going Longer for Less Completion Cost Intensity Up, Costs Down 3,000 3,600 2,400 3.0 Proppant Intensity (Tonnes) Completion Cost/…
TOP QUALITY ASSETS Value Based Capital Allocation to Top-Tier Incremental Economics Wapiti: Type Well Rate of Return Type Well Payout Robust economics support free 175% 50/Bbl WTI 55/Bbl WTI 1.5 50/Bbl WTI 55/Bbl WTI cash flow…
OPTIMAL GROWTH PROFILE Capacity Profile: Flexibility to Set Our Capital Program Commensurate with Price Environment Why Grow On-track for 15-20% CAGR Maintain Flat Maximize free cash flow 450 through to 2024 100,000 Production &…
OPTIMAL GROWTH PROFILE Material Change in Corporate Trajectory in 2022 Drives Significant Free Cash Flow 2022 Outlook: Corporate Production Outlook Corporate Free Cash Flow Outlook3 100 200 Year-over-year cash flow Low Capex High Capex…
FINANCIAL STRENGTH Material Liquidity and Improving Financial Leverage Reserves Based Senior Notes: Credit Facility1: C440 MM C220 MM Senior Debt Termed Out to 2023 170 - - - 220MM 2020 2021 2022 2023 270 Material liquidity…
FINANCIAL STRENGTH Condensate Pricing Market: Supply & Demand Fundamentals Western Canadian demand far exceeds domestic supply = Premium pricing over the long-term Continued demand growth & potential Southern Lights pipeline reversal…
FINANCIAL STRENGTH Market Diversification & Risk Management Program Natural Gas Price Diversification Active marketing program Hedged NYMEX Floating Chicago Floating California Floating Dawn Floating AECO Floating Pct. of…
NuVISTAS COMMITMENT ESG-Focused Culture1 Environmental Governance NuVista GHG Emissions 2012-2019 Over 50% Reduction Exec. Comp. Alignment Compensation tied to business & environmental performance 0.07 In Annual Greenhouse Gas…
CORPORATE STRATEGY NuVista: Focused on Returns Top Quality Assets Financial & Execution Strength Wapiti: Free cash flow engine Significant liquidity to execute Pipestone: Returns-driven growth our plan 30% high-value condensate Free…
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Advisory Regarding Oil and Gas Information ADVISORY REGARDING OIL AND GAS INFORMATION ECONOMIC INPUT ASSUMPTIONS EMISSIONS BENCHMARK METHODOLOGY The reserves estimates for 2020 presented herein have been evaluated by NuVista's type…
Abbreviations and Definitions physical storage and trading hub for natural gas AECO DCET drilled, completed, equip and tie-in MCF thousand cubic feet in Alberta Avg average DUCS drilled uncompleted wells MM million B billion E estimate…
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