CORPORATE PRESENTATION May 2021 Corporate Presentation CRESCENT POINT CRESCENT POINT Bringing energy to our world - the right way
CPG Strategy & Focus Concentrated in high-return, high-netback assets CORPORATE PRESENTATION Central Alberta Significant free cash flow generation Disciplined, returns-based capital allocation framework SW Saskatchewan SE…
Q1 2021 Highlights CORPORATE PRESENTATION Announcedaccretive Increased target for Reduced net debt by acquisition of Kaybob emissions intensity 135MM through continued excess cash flow generation Duvernay assets reduction to 50%…
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 4 ESG:…
Recent Acquisition of Kaybob Duvernay Assets CORPORATE PRESENTATION Transaction Asset Attributes Value Creation Acquired Shells Kaybob Duvernay Core of the condensate rich fairway 2.7x NOI & 17% FCF Yield assets in Alberta &…
Conservative Kaybob Duvernay Development Plan CORPORATE PRESENTATION Historical CPG Approach Opportunity Development Growth plan FCF approach with flat production (moderates asset decline rate) Identify new drilling locations…
Optimizing Well Design in Kaybob Duvernay Condensate Recovery by Well Design 500 CORPORATE PRESENTATION Condensate EUR (Mbbls) 400 300 Gen I Gen II 200 Gen III Gen IV 100 Gen V Other 0 CRESCENT POINT CPG Land…
Track Record of Realizing Efficiencies Experienced Operator History of operational execution and continuous improvement CORPORATE PRESENTATION Hz Wells Drilled & Completed 8,000 Top 10 North American operators 6,000 Success…
Significant Financial Flexibility & Liquidity Significant Liquidity Debt Structure Improving Leverage CORPORATE PRESENTATION 2.0B in unutilized credit capacity As at closing* Kaybob acquisition accelerates deleveraging 2,000…
Enhanced Excess Cash Flow Profile & Sensitivity CORPORATE PRESENTATION 2021 2022 Potential Scenarios Capital Expenditures Guidance of 575 - 625MM Assuming Sustaining Capital of 850MM Yield as a % WTI of Market Cap US50 US60…
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 &…
Strong ESG Practices CORPORATE PRESENTATION Environment Social & Safety Governance Targeted reduction of emissions intensity Safety-centric culture resulting in multi-year low Diverse, independent, experienced and and methane…
Commitment to Environmental Stewardship Increased target for emissions intensity reduction to 50% by 2025, including a 70% reduction in methane emissions CORPORATE PRESENTATION On track to exceed previous scope 1 emissions…
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)…
Our Purpose CORPORATE PRESENTATION Bringing energy to our world CRESCENT POINT the right way 16
CRESCENT POINT CORPORATE PRESENTATION Appendix October 2018
Capital Markets Summary & 2021 Guidance CORPORATE PRESENTATION Capital Markets Summary 2021 Guidance CPG (TSX and NYSE) Trading Price (May 6, 2021) C5.18 (TSX), US4.26 (NYSE) Annual Avg. Production (mboe/d)(1) 132 - 136 Shares…
High Netback Asset Base CORPORATE PRESENTATION 2021E Operating Netback 40 30 CRESCENT POINT /boe 20 10 0 CPG Peer 1 Peer 2 Peer 3 Peer 4 Peer 5 Peer 6 Canadian Peer List: ARX, BTE, ERF, NVA, VET,…
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…
Disciplined Commitment to Decline Mitigation 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 Production…
Viewfield Continue to generate excess cash flow driven by high netback and low decline asset base CORPORATE PRESENTATION SK Strong waterflood response in direct offset production Pursuing additional areas for unitization and…
Kaybob Duvernay Core of the condensate rich fairway with attractive reservoir characteristics CORPORATE PRESENTATION 500 net sections of contiguous land in the Kaybob area with extensive delineation across the land base High…
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…
Flat Lake Multi zone play continues to advance through drilling and completions optimization CORPORATE PRESENTATION Continue to focus on 2-mile horizontal development of Torquay zone with enhanced targeting through micro seismic…
North Dakota Maximizing efficiencies through multi-well pad development and completions optimization CORPORATE PRESENTATION Multi-zone potential providing economic drilling opportunities Reduced budget in 2021 benefiting from…
Strong Market Access 2021E Corporate Oil & Condensate CORPORATE PRESENTATION Production Breakdown by Pricing Stream Central Alberta Condensate (15%) C5 15% Southeast Saskatchewan UHC 15% (US) Southwest Cromer…
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…
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…
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…
CORPORATE PRESENTATION Crescent Point Energy Corp. Suite 2000, 585 8th Ave SW Calgary, AB T2P 1G1 Investor Relations (403) 767-6930 CRESCENT POINT (855) 767-6923 investorcrescentpointenergy.com Other Contacts…
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