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February 2021 Corporate Presentation – Crescent Point Energy Corp.

Crescent Point Energy Corp. · Feb 1, 2021 · 29 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. February 2021 Corporate Presentation – Crescent Point Energy Corp. – slide 1
    CORPORATE PRESENTATION February 2021 Corporate Presentation CRESCENT POINT CRESCENT POINT Bringing energy to our world - the right way
  2. February 2021 Corporate Presentation – Crescent Point Energy Corp. – slide 2
    Execution Centered on Enhancing Balance Sheet Strength & Sustainability Achieved production ahead of 2020 guidance with capital expenditures under budget CORPORATE PRESENTATION Realized 10% reduction to budgeted operating expenses…
  3. February 2021 Corporate Presentation – Crescent Point Energy Corp. – slide 3
    Transaction Overview Acquisition Announced February 17, 2021 CORPORATE PRESENTATION Transaction Asset Attributes Accretive Metrics Acquiring Shells Kaybob Core of the condensate rich…
  4. February 2021 Corporate Presentation – Crescent Point Energy Corp. – slide 4
    Accretive Acquisition & Enhances Shareholder Value Accretive On All Metrics CORPORATE PRESENTATION High Quality, Low Risk Asset with Scalability 12 Month Period Following Close 10 years of high-return, low risk drilling…
  5. February 2021 Corporate Presentation – Crescent Point Energy Corp. – slide 5
    Strategic Entry into Premier & Established Liquids Rich Play Core of the condensate rich fairway with attractive reservoir characteristics, including higher pressure and pay thickness CORPORATE PRESENTATION 500 net sections of…
  6. February 2021 Corporate Presentation – Crescent Point Energy Corp. – slide 6
    Kaybob Duvernay Opportunity Experienced Operator Top 10 North American operators Enhance efficiencies and returns given CPGs significant 8,000 Hz Wells Drilled & Completed CORPORATE PRESENTATION experience in horizontal…
  7. February 2021 Corporate Presentation – Crescent Point Energy Corp. – slide 7
    Track Record of Realizing Efficiencies in Plays Similar to Kaybob Duvernay North Dakota CORPORATE PRESENTATION Began drilling horizontal wells in 2011 Success realizing significant efficiency gains in plays with comparable…
  8. February 2021 Corporate Presentation – Crescent Point Energy Corp. – slide 8
    Key Focus Areas & Pro-Forma 2021 Outlook Production Development Capital CORPORATE PRESENTATION (boe/d) (MM) 132,000 136,000 575 625 Kaybob Duvernay +22% +20% AB SK Base Pro Forma Base Pro Forma CRESCENT POINT…
  9. February 2021 Corporate Presentation – Crescent Point Energy Corp. – slide 9
    Returns Based Capital Allocation Framework & Free Cash Flow Priorities CORPORATE PRESENTATION ASSET LEVEL CORPORATE LEVEL Funds Flow (Maximize with a cost discipline) Base Plan Risk Adjusted Returns and Value Added (Well &…
  10. February 2021 Corporate Presentation – Crescent Point Energy Corp. – slide 10
    Significant Financial Flexibility & Liquidity Significant Liquidity Balance Sheet Focus CORPORATE PRESENTATION 2.0B in pro forma unutilized credit capacity Acquisition strengthens financial leverage 2,000 2.3x YE21 D/CF…
  11. February 2021 Corporate Presentation – Crescent Point Energy Corp. – slide 11
    Hedging Strategy Preserves Financial Flexibility Disciplined hedging program shelters cash 2021 Hedging Summary CORPORATE PRESENTATION 80,000 flow against commodity price volatility Oil Hedge Volume (bbl/d) 60,000 30% of…
  12. February 2021 Corporate Presentation – Crescent Point Energy Corp. – slide 12
    Commitment to Strong ESG Practices Corporate GHG Emissions Women in Leadership CORPORATE PRESENTATION 2025 Target 40% Supervisory Roles Female Male Flare Combustion Fugitive Vent CRESCENT POINT Environmental Focus…
  13. February 2021 Corporate Presentation – Crescent Point Energy Corp. – slide 13
    Optimizing Portfolio Based on Key Asset Criteria Key Asset Criteria CPGs Optimal Portfolio CORPORATE PRESENTATION Free Cash Flow Returns Generating Assets Risk-adjusted returns, full-cycle and half-cycle economics (Primary)…
  14. February 2021 Corporate Presentation – Crescent Point Energy Corp. – slide 14
    CPGs Principles for Success Management execution and initiatives centered on balance sheet strength and sustainability CORPORATE PRESENTATION CRESCENT POINT Strategic initiatives supported by strong ESG focus 14 ESG:…
  15. February 2021 Corporate Presentation – Crescent Point Energy Corp. – slide 15
    Our Purpose CORPORATE PRESENTATION Bringing energy to our world CRESCENT POINT the right way 15
  16. February 2021 Corporate Presentation – Crescent Point Energy Corp. – slide 16
    CRESCENT POINT CORPORATE PRESENTATION Appendix October 2018
  17. February 2021 Corporate Presentation – Crescent Point Energy Corp. – slide 17
    Capital Markets Summary & 2021 Guidance CORPORATE PRESENTATION Capital Markets Summary 2021 Guidance CPG (TSX and NYSE) Trading Price (Feb. 18, 2021) C4.62 (TSX), US3.64 (NYSE) Annual Avg. Production (mboe/d)(1) 132 - 136 Shares…
  18. February 2021 Corporate Presentation – Crescent Point Energy Corp. – slide 18
    High Netback Asset Base CORPORATE PRESENTATION 2021E Operating Netback 35 30 25 20 CRESCENT POINT /boe 15 10 5 0 CPG CPG Peer 1 Peer 2 Peer 3 Peer 4 Peer 5 Peer 6 Peer 7 Peer 8 Pro Forma Base…
  19. February 2021 Corporate Presentation – Crescent Point Energy Corp. – slide 19
    Lowering Costs, Enhancing Safe Operations & Reducing Environmental Impact Benefits of the Operational Technology (OT) Platform & Optimized Workflows CORPORATE PRESENTATION Fewer Kilometers driven Enhances safety and reduces…
  20. February 2021 Corporate Presentation – Crescent Point Energy Corp. – slide 20
    Disciplined Commitment to Decline Mitigation CORPORATE PRESENTATION Reducing Corporate Decline 2021E Corporate Decline Rates 35% 40% 30% Corporate Decline Rate Corporate Decline Rate 30% 20% CRESCENT POINT…
  21. February 2021 Corporate Presentation – Crescent Point Energy Corp. – slide 21
    Decline Rate Benefitting from Waterflood Expertise Low Decline Waterflood Production CORPORATE PRESENTATION Base decline of 5% in 2021 25,000 Viewfield and Shaunavon represent the two largest resource plays Corporate Oil…
  22. February 2021 Corporate Presentation – Crescent Point Energy Corp. – slide 22
    Viewfield Viewfield Core Waterflood Units Continue to generate excess cash flow driven by high netback and low CORPORATE PRESENTATION decline asset base Economics within top quartile of risked inventory Strong waterflood…
  23. February 2021 Corporate Presentation – Crescent Point Energy Corp. – slide 23
    Shaunavon Low-risk and multi-zone asset base continues to generate excess cash flow CORPORATE PRESENTATION Significant waterflood potential with strong full-cycle economics Enhances recovery factor while lowering decline rate…
  24. February 2021 Corporate Presentation – Crescent Point Energy Corp. – slide 24
    Flat Lake Multi zone play continues to advance through drilling and completions CORPORATE PRESENTATION optimization Continue to focus on 2-mile horizontal development of Torquay zone with enhanced targeting through micro seismic…
  25. February 2021 Corporate Presentation – Crescent Point Energy Corp. – slide 25
    North Dakota CORPORATE PRESENTATION Maximizing efficiencies through multi-well pad development and completions optimization Multi-zone potential providing economic drilling opportunities Continued focus on cost efficiencies…
  26. February 2021 Corporate Presentation – Crescent Point Energy Corp. – slide 26
    Board of Directors (1, 2) Barbara Munroe Ted Goldthorpe Chair of the Board Financial professional and Managing Partner in charge of the Global Credit CORPORATE PRESENTATION More than 25 years of legal experience and industry…
  27. February 2021 Corporate Presentation – Crescent Point Energy Corp. – slide 27
    Reserves and Drilling Data The Company retained McDaniel to evaluate the reserves associated with the Assets and prepare a reserves report (the McDaniel Report) on the Assets. The statement of reserves data and other oil and gas…
  28. February 2021 Corporate Presentation – Crescent Point Energy Corp. – slide 28
    Reserves and Drilling Data Notice to US Readers CORPORATE PRESENTATION The oil and natural gas reserves contained in this presentation have generally been prepared in accordance with Canadian disclosure standards, which are not…
  29. February 2021 Corporate Presentation – Crescent Point Energy Corp. – slide 29
    CORPORATE PRESENTATION BANKER Bank of Nova Scotia AUDITOR PricewaterhouseCoopers LLP LEGAL COUNSEL Norton Rose Fulbright Canada LLP GLJ Ltd. EVALUATION ENGINEERS Sproule Associates Limited REGISTRAR & TRANSFER AGENT…

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