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May 2021 Investor Presentation – Arc Resources Ltd.

Arc Resources Ltd. · May 1, 2021 · 19 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. May 2021 Investor Presentation – Arc Resources Ltd. – slide 1
    Investor Presentation May 2021
  2. May 2021 Investor Presentation – Arc Resources Ltd. – slide 2
    The Largest Pure-play Montney Producer Shares outstanding 724 million Market capitalization(1) 6.0 billion Net debt(2) 2.4 billion Enterprise value(1)(2) 8.4 billion Quarterly dividend 0.06/share Dividends paid since inception…
  3. May 2021 Investor Presentation – Arc Resources Ltd. – slide 3
    Guiding Principles Sustainable business Risk management Superior capital discipline around all aspects of the and allocation with strong free model with best-in-class business including maintaining funds flow(1) generation to…
  4. May 2021 Investor Presentation – Arc Resources Ltd. – slide 4
    Q1 2021 in Review Production Capital expenditures boe/day millions ARC 170,430 ARC 125.7 Seven Generations 180,774 Seven Generations 148.3 Combined pro forma(1) 351,204 Combined pro forma(1) 274.0 Funds from operations Free…
  5. May 2021 Investor Presentation – Arc Resources Ltd. – slide 5
    2021 Guidance Expenses and Capital Expenditures 2021 Guidance(1)(2) Expenses (/boe) Operating 4.10 - 4.60 Transportation 4.50 - 5.00 G&A expense before share-based compensation expense(3) 0.90 - 1.00 G&A - share-based compensation…
  6. May 2021 Investor Presentation – Arc Resources Ltd. – slide 6
    Capital Allocation Principles Remain Unchanged Principles Priorities Manage net debt(1) to funds from operations Debt Reduction ratio within 1.0 and 1.5 times Incremental Shareholder Committed Returns Capital Pay…
  7. May 2021 Investor Presentation – Arc Resources Ltd. – slide 7
    Asset Overview Attachie 5MM 3,500 boe/day Complete detailed engineering work for development Ante Creek Greater Dawson 60MM 16 wells 17,000 boe/day 240MM 44 wells Deliver profitable light oil 93,000 boe/day production by…
  8. May 2021 Investor Presentation – Arc Resources Ltd. – slide 8
    ESG Excellence Oil and gas companies relative ESG rankings(1) 2019 GHG emissions intensity(2) tCO2e/boe 70 Africa 0.12 Asia Canada Social and Governance Score Europe 64 Latin America 0.09 Middle East Russia ARC 58 United…
  9. May 2021 Investor Presentation – Arc Resources Ltd. – slide 9
    Natural Gas Financial and Physical Price Management WCSB demand and export capacity growth(1) Natural gas realizations(2)(3) and diversification(4)(5) 5.00 4.39 4.00 1.41 5.4 Bcf/day Demand & Export Capacity 2.82 Cdn/Mcf 3.00…
  10. May 2021 Investor Presentation – Arc Resources Ltd. – slide 10
    Significant Cash Flow Protection Crude oil and condensate production hedged(1) Natural gas production hedged(1) Mbbl/day, % MMBtu/day, % 48 60% 720,000 60% 36 45% 540,000 45% 24 30% 360,000 30% 12 15% 180,000 15% 0 0%…
  11. May 2021 Investor Presentation – Arc Resources Ltd. – slide 11
    Sunrise Overview Snapshot Development plan Q1 2021 Production Total: 40,913 boe/day Complete infrastructure optimization project to add 40 MMcf/day of Natural gas: 245 MMcf/day processing and sales capacity Crude oil & liquids: 41…
  12. May 2021 Investor Presentation – Arc Resources Ltd. – slide 12
    Ante Creek Overview Snapshot Development plan Q1 2021 Production Total: 17,099 boe/day Deliver profitable light oil production by leveraging 2020 facility Crude oil & liquids: 8,534 bbl/day expansion Natural gas: 51 MMcf/day…
  13. May 2021 Investor Presentation – Arc Resources Ltd. – slide 13
    Additional Information Asset Details Greater Dawson Sunrise Kakwa Ante Creek Attachie Net production Q1 2021 Crude oil & liquids (bbl/day) 20,885 41 101,300 8,534 2,619 Natural gas (MMcf/day) 469 245 477 51 12 Total…
  14. May 2021 Investor Presentation – Arc Resources Ltd. – slide 14
    Historical Performance(1) Production Net debt(2) to FFO Dividends(3) Mboe/day billions, ratio billions, % of FFO 180 1.6 2.5 8 120% 2.0 135 1.2 6 90% 1.5 90 0.8 4 60% 1.0 45 0.4 2 30% 0.5 0 0.0 0.0 0 0% 2021…
  15. May 2021 Investor Presentation – Arc Resources Ltd. – slide 15
    Risk Management Contracts Positions at March 31, 2021(1) Q2 2021 to Q4 2021 2022 2023 2024 2025 Crude Oil WTI US/bbl bbl/day US/bbl bbl/day US/bbl bbl/day US/bbl bbl/day US/bbl bbl/day Ceiling 56.65 12,113 56.17 11,000 - - - - - -…
  16. May 2021 Investor Presentation – Arc Resources Ltd. – slide 16
    Advisory Statements Combined Pro Forma Reconciliations This presentation includes certain financial and operational results of Seven Generations for the three months ended March 31, 2021, which are derived from the unaudited condensed…
  17. May 2021 Investor Presentation – Arc Resources Ltd. – slide 17
    Investor Relations Contacts Kris Bibby General Investor Relations Enquiries Senior Vice President and Chief Financial Officer 403.503.8600 403.503.8675 1.888.272.4900 KBibbyarcresources.com IRarcresources.com Martha Wilmot…
  18. May 2021 Investor Presentation – Arc Resources Ltd. – slide 18
    FINANCIAL AND OPERATIONAL HIGHLIGHTS 2021 2020 2019 ( millions, except per share amounts) Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 FINANCIAL RESULTS Commodity sales from production 525.3 363.1 285.0 217.9 269.5 325.1 253.7 282.9 Per share, basic 1.49…
  19. May 2021 Investor Presentation – Arc Resources Ltd. – slide 19
    DIRECTORS EXECUTIVE OFFICE CORPORATE CALENDAR Harold N. Kvisle ARC Resources Ltd. June 22, 2021 Board Chair 1200, 308 4th Avenue S.W. Annual Meeting of Shareholders Marty L. Proctor(1)(2) Calgary, Alberta T2P 0H7 July 29, 2021 Board…

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