2Q 2021 Earnings Presentation – Ovintiv Inc

Ovintiv Inc · Jul 29, 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

2Q21 Results Conference Call 1
Ovintiv is Delivering Across the Board Substantial Free Cash Flow Increasing Shareholder Returns Significant Debt Reduction Operational Excellence Leading Capital Efficiency Culture of Innovation 2
Substantial Free Cash Flow Generation Business performance driving substantial free cash flow 21 Profile Strip 3.2B 2021 will be fourth consecutive year of free cash flow generation Actively returning cash to shareholders through…
Efficiency Gains Going to the Investor 2nd raise since 2019 Dividend Increase of 50% 0.56 new annualized Div/Share Commencing with September 21 payment YE23 at mid-cycle prices 1 New Net Debt Target of 3.0B No divestitures…
2Q21 - Another Strong Quarter Strong Net Debt Reduction Continued FCF Generation 1.2B 350 MM 2Q21 Net Debt 5.2B 890 MM FCF YTD21 Disciplined Capital Spend Durable Production 383 MM 201 Mbbls/d Crude and Condensate Efficiencies…
NEW Debt Target Reinforces Business Strength Delivering on our Promises Net Debt Reduction (B) 3.0B Senior Note Redemption 7.3 YE23 600 MM 22 Notes Completed redemption in June 518 MM 21 Notes Issued notice to redeem at par…
Innovation Delivering Results Strategic Beating Inflation Thinking Reaffirming 1.5B FY21 capex guidance OVV Supply Chain is a Competitive Advantage Efficient Development Cross Basin Well costs below FY21 guidance Learnings…
Case Study: Evolution of an Ovintiv Permian Well Drilling Completion Facilities Industry Leading Drilling Efficiencies Continuing to Drive Down Sand Costs Current Well-Tie…
Delivering in the Bakken Driving costs lower across the board 2Q21 TIL Performance New, reliable wellbore design reconfiguration delivers more for less Optimized completion design Facilities re-deployment 1,235 Oil IP60 (Bbls/d)…
Updating Production Guide for Outperformance 2021 Guidance Details Unchanged capital guidance Repeatable, load-leveled, program outperforming expectations FY21 Guidance Previous New Crude & Condensate 190 190 195 Outperformance…
Efficiency Gains Going to the Investor Strong Capital Discipline Return of Cash to Shareholders Strong ESG Performance Industry Leading Efficiencies Delivering on Our Promises Quality Returns 11
15
Appendix
Delivering Significant Emissions Reductions Metric 2020 2019 Achievements Measurement Summary GHG Intensity 18 21 (14%) metric tons CO2e / gross annual production Mboe Emissions Methane Intensity 0.10 0.15 (33%) metric tons CH4 /…
Cost Savings Momentum Continues Declining Legacy Costs boost cash flows Legacy Cost Profile Accelerates Debt Reduction No execution risk, only subject to time Declining Legacy Costs ( MM) Panuke decommissioning, T&P & Opex Panuke Lease…
Record Setting Operations Continue Permian Sand Pumped/day (mm lbs) 12,050 avg 2Q lateral length Commenced Howard county sand mine ops 30/33 wells Simul-fracd +40% Daily sand pumped 4.4 6.2 (YTD21 vs. FY20) Record sand…
Financial & Operational Detail Total Costs (/BOE) 2021 Corporate Items Guidance Quarterly Run Rate +0.40 12.95 13.20 Market Optimization (Cash Flow Impact) 28 - 30 MM 12.25 12.50 +0.30 +15 WTI +0.05 F/X Corporate G&A (Excluding LTI)…
Key Modeling Assumptions Hedge Positions (July 15, 2021) Hedge Gains / Losses By Quarter ( MM) 1 Oil and Condensate 3Q21 4Q21 2022 WTI Oil 40 50 60 70 Volume Mbbls/d 85 85 66 3Q21 56 (10) (106) (224) WTI 3-Way Call Strike /bbl 53.92…
Second Quarter Summary Financial Summary Realized Price Summary (for the three months ended June 30) ( millions, except as indicated) 2Q 2021 2Q 2020 (for the three months ended June 30) 2Q 2021 2Q 2020 Cash From (Used In) Operating…

From the store

Presentation Manager Subscription - Discounted $1,092

Browse maps, data & reports in the Shale Experts store