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April 2021 Investor Update – Continental Resources, Inc.

Continental Resources, Inc. · Apr 1, 2021 · 20 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. April 2021 Investor Update – Continental Resources, Inc. – slide 1
    Click to edit Master title style Investor Update April 2021 NYSE: CLR PROPERTY PROPERTY OF CONTINENTAL OF CONTINENTAL RESOURCES, RESOURCES, INC. REPRODUCTION INC. REPRODUCTION AND DISTRIBUTION AND DISTRIBUTION WITH WRITTEN…
  2. April 2021 Investor Update – Continental Resources, Inc. – slide 2
    CLR Delivers Outstanding 1Q21 Financial Results Click to edit Master title style Reinstates Dividend & Accelerates Shareholder Returns Quarterly Dividend Doubled to 0.11 per Share Payable on May 24, 2021 to Stockholders of Record on…
  3. April 2021 Investor Update – Continental Resources, Inc. – slide 3
    1.7 B of Projected FCF(1) in 2021 Click to edit Master title style Double Digit FCF Yield Underscores CLRs Strong Value Relative to Broader Market 1. FCF and FCF yield are non-GAAP measures. With respect to the projected amounts,…
  4. April 2021 Investor Update – Continental Resources, Inc. – slide 4
    Stepping Up Shareholder Capital Returns in 2021 Click to edit Master title style Reinstated Quarterly Dividend Alongside Accelerated Debt Reduction 1. Dividend yield is calculated as the annual dividend per share divided by the stock…
  5. April 2021 Investor Update – Continental Resources, Inc. – slide 5
    ClickStrong 1Q21: to editCost Master title style Performance & Operational Efficiencies 0.72 EPS in 1Q21; Approx. 30% Above Analyst Consensus Estimates(1) 7% YoY Bakken Well Cost Improvement Target in 2021 17% YoY Oklahoma…
  6. April 2021 Investor Update – Continental Resources, Inc. – slide 6
    Bakken: Consistent and Low Cost Performance Click to edit Master title style Delivering Repeatable Results Alongside Significant Structural Well Cost Savings Bakken Projected to Deliver 70%+ ROR(1) and Another Year of Repeatable Well…
  7. April 2021 Investor Update – Continental Resources, Inc. – slide 7
    Oklahoma: Underscores Commodity Optionality Click to edit Master title style Strong Year-over-Year Performance & Cost Improvements from Condensate Asset Condensate Projected to Deliver 50%+ ROR(1) in 2021 Improving Capital…
  8. April 2021 Investor Update – Continental Resources, Inc. – slide 8
    ESG Stewardship Click to edit Master title style Responsibly Sustaining Americas Energy Future We Believe Domestic Oil & Natural Gas Exploration is Fundamental to the Well-Being of Humanity, our Nation & the World. Supplying Clean…
  9. April 2021 Investor Update – Continental Resources, Inc. – slide 9
    Click to CLRs edit Mastertotitle Commitment style Shareholder Value Building Operational Shareholder Shareholder Returns Excellence Alignment Projecting 6th Consecutive ESG Stewardship: Maintaining Low Cost Year of Positive…
  10. April 2021 Investor Update – Continental Resources, Inc. – slide 10
    Click to Information Contact edit Master title style Rory Sabino Vice President, Investor Relations Phone: 405-234-9620 Email: Rory.SabinoCLR.com Lucy Spaay Investor Relations Analyst Phone: 405-774-5878 Email: Lucy.SpaayCLR.com…
  11. April 2021 Investor Update – Continental Resources, Inc. – slide 11
    Click to edit Master title style REFERENCE MATERIALS PROPERTY OF CONTINENTAL RESOURCES, INC. REPRODUCTION AND DISTRIBUTION WITH WRITTEN PERMISSION ONLY 12
  12. April 2021 Investor Update – Continental Resources, Inc. – slide 12
    Click to edit Total Accelerating Master title Debt style Reduction Total Debt Reduced to 4.97 Billion as of 3/31/21 Completed 231 MM Redemption of 2022 Senior Notes on April 22, 2021 Targeting Debt Below 4.0 Billion by YE21 Ultimate…
  13. April 2021 Investor Update – Continental Resources, Inc. – slide 13
    Click to 2021 Guidance edit Master & Operating title style Detail Production & Capital Full-Year 2021 Capital Expenditures Budget ( in Millions) Capital expenditures budget 1.4 billion North D&C 732 Oil production (Bo per day)…
  14. April 2021 Investor Update – Continental Resources, Inc. – slide 14
    ClickCash Free to edit FlowMaster title Cash and Free style Flow Yield Our presentation of free cash flow and free cash flow yield are non-GAAP measures. We define free cash flow as cash flows from operations before changes in working…
  15. April 2021 Investor Update – Continental Resources, Inc. – slide 15
    Click Net to edit Debt Master titleTostyle Reconciliation GAAP Net debt is a non-GAAP measure. We define net debt as total debt less cash and cash equivalents as determined under U.S. GAAP. Net debt should not be considered an…
  16. April 2021 Investor Update – Continental Resources, Inc. – slide 16
    Click to edit EBITDAX Master titleTostyle Reconciliation GAAP We use a variety of financial and operational measures to assess our performance. Among these measures is EBITDAX, a non-GAAP measure. We define EBITDAX as earnings before…
  17. April 2021 Investor Update – Continental Resources, Inc. – slide 17
    Click to edit EBITDAX Master titleTostyle Reconciliation GAAP The following tables provide reconciliations of our net income (loss) and net cash provided by operating activities to EBITDAX for the periods presented: Three months ended…
  18. April 2021 Investor Update – Continental Resources, Inc. – slide 18
    Click to editEarnings ADJUSTED Master Reconciliation title style To GAAP Our presentation of adjusted earnings and adjusted earnings per share that exclude the effect of certain items are non-GAAP financial measures. Adjusted earnings…
  19. April 2021 Investor Update – Continental Resources, Inc. – slide 19
    Click Net to edit Sales Master Prices title style To GAAP Reconciliation Revenues and transportation expenses associated with production from our operated properties are reported separately. For non-operated properties, we receive a…
  20. April 2021 Investor Update – Continental Resources, Inc. – slide 20
    Click G&A Cash to edit Master title To Reconciliation style GAAP Our presentation of cash general and administrative (G&A) expenses per Boe is a non-GAAP measure. We define cash G&A per Boe as total G&A determined in accordance with…

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