AGENDA 1. Harbour Energy a compelling investment opportunity 2. A global portfolio with a material North Sea foundation 3. Financial position and outlook 2 HBR Investor Presentation April 2021
A compelling investment opportunity
HARBOUR ENERGY Active in 2P + 2C 7 Countries 1,691 mmboe1 Norway A new global 1,800 independent Production Employees O&G company 200 kboepd UK Operating cost Net Zero by…
HIGHLY EXPERIENCED LEADERSHIP TEAM AND BOARD A majority independent Board with significant industry and / or public listed company experience Linda Cook Phil Kirk Alexander Krane CEO, President & CEO of Europe, CFO, Executive…
FREE FLOAT SET TO INCREASE SIGNIFICANTLY OVER TIME The largest UK listed independent O&G company Former Premier Listed on the premium segment of the LSE under the ticker HBR Chrysaor legacy shareholders investors / other 5% Member…
A NEW UNIQUE INVESTMENT OPPORTUNITY Todays investment choices more limited than in the past 2015: Large universe of global, diversified oil and gas companies of scale Major oil companies Shifted focus to US: 2020 Production in U.S.…
A GLOBAL DIVERSIFIED INDEPENDENT WITH FULL CYCLE CAPABILITIES SCALE HIGH QUALITY UK PORTFOLIO INTERNATIONAL GROWTH Largest UK listed independent O&G High margin, cash generative asset base Embedded organic investment options company…
A global portfolio with a material North Sea foundation
UK: A BUSINESS OF SCALE GENERATING MATERIAL CASH FLOWS Operated Diversified, tax-efficient asset base UK 2P reserves1 Non-operated Schiehallion Balance of oil vs gas Elgin/Franklin AELE Hub Low, stable operating costs Significant…
SUSTAINING UK PRODUCTION Greater Tolmount Area J-Area Greater Britannia Area Catcher Area Ongoing gas injection trials for improved oil recovery 4D seismic acquisition starting April Near field/infill drilling to commence early…
CASE STUDY: SHELL ASSET ACQUISITION A TRACK RECORD IN CREATING VALUE Key transaction metrics1 Reserve diversification1 CPR 2P Reserves mmboe mmboe Effective date: 1 July 2016 Acquisition price: 3.0 bn Schie- hallion J-Area CPR1 2P…
PATH TO NET ZERO BY 2035 1. Minimise Emissions Investment in Carbon Capture Usage & Storage (CCUS) Measure, manage and Acorn CCS & Hydrogen Project, St Fergus, Scotland minimise emissions Industry partnership, led by Pale Improve…
A PLATFORM FOR FUTURE GROWTH Ability to pursue a fully funded growth strategy c.1.7 bn boe1,2 Broad set of organic growth options Combined Group 2P & 2C A growing international M&A opportunity set Norway Track record of executing…
Financial position and outlook
STRONG FINANCIAL POSITION Targeting conservative leverage of Expectation to initiate a sustainable Potential for investment…
CAPITAL ALLOCATION 1 Balance sheet strength Targeting conservative leverage profile through the cycle Potential for an investment grade credit rating 2 Ensuring a robust and diverse UK North Sea: J-Area Platform (Jasmine)…
2021 GUIDANCE ACCOUNTING TREATMENT OF ALL SHARE MERGER Chrysaor is the acquirer with its 2021 results to be reported on a full year basis (IFRS3 Business Combinations) Premiers financial results will be reported from the date of…
HARBOUR REPORTING CYCLE AND UPCOMING EVENTS Financial Reporting AGM & Capital Half Year Trading Full Year Trading Markets Results Update Results Update Day 2021 2022 April May June July August September October November…
2021 PRIORITIES Maintain safe and responsible operations Focus on health and safety of our people Minimise carbon footprint Production of 200 kboepd Successfully integrate the two businesses Maintain low cost base Deliver cost…
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