Why Canacol Colombias Largest Independent Natural Gas Producer Best in Class Assets & Management Sustainability Financial Strength & Discipline Growing reserves, production, and cash flow Supplying the growing demand for clean-…
Canacol at a Glance TSX : CNE BVC : CNE.C OTCQX : CNNEF Basic Shares O/S (MM) 1 179.5 Share Price (C) 2 3.34 Market Cap CAD646MM - (USMM) 3 497 Net Debt (USMM) 4 347 Enterprise Value (USMM) 844 Quarterly Dividend (C/sh) 0.052 Annual…
Why Colombia A Large and Growing Economy Growing Gas Demand (mmcf/d)2 (GDP, US bn PPP)1 1,000 History Forecast History Forecast 800 1,400 1,200 600 1,000 800 400 600 400 200 200 0 0 2000 2005 2010 2015 2020 2025 2000…
Gas Market in Colombia Increasingly Vital Supplier of Gas to Caribbean Coast Market - Over the last decade, Canacol has rapidly grown production to supply 50% of demand in the Caribbean market, supporting rapidly growing demand…
Natural gas will lead the energy transition in Colombia Climate Change: Colombia plans to use more gas to meet its Paris Agreement CO2 Emission Target: 51% by 2030 Energy Demand Projections (PJ)1 2,000 Gas produces 50% less CO2 than…
Long-Term Supply Shortage = High and Stable Gas Prices Canacols sales and transportation contracts give us a strong competitive advantage in meeting Colombias increasing gas demand. Realized Gas Price History (US/Mcf)1 Volatility…
Track Record of Growing Gas Sales 50 330(1) 2021 Guidance: 190 MMcf/d with interruptible 00 Sales (MMscfd) demand reactivating 50 153 153 MMcf/d without - 190 interruptible demand reactivating 00 172 50 Contracts: 143 fixed…
Reserves Underpin Value and Future Production Growth 771 bcf added through discoveries, extensions and revisions since 2013 2P Gas Reserves (bcf) After-Tax NPV10 (USMM) 1,583 1,270 624 637 559 1,136 1,083 505 1,033 945 873…
LNG Context Historical prices of US LNG exports to Colombia before Expected LNG higher future prices due to: transport & regas : (1) Production of US associated gas declines with lower oil production Normalization of demand from…
2021 Plan CAPEX Budget 2021 Gas Sales 19 153 190 MMscf/d 21 140 MM CAPEX 15 140 million 85 Drill up to 12 wells 9 exploration & appraisal 3 development Exploration Wells Admin, ESG, & Seismic & Other Seismic Acquisition Acquire…
Canacols Financial Management 2021 Waterfall (USMM): High Sales Case (190 MMcf/d) Flexibility Un-drawn credit facilities 210 Low Sales Case (153 MMcf/d) Revolver US 46MM 40 Bridge Loan US 50MM 30 Capex flexibility to adjust 45…
Financial Flexibility1 Debt Profile: Revolving Credit Facility: 46 million Senior Notes: 320 million 3 Year Term, Undrawn Maturity: May 2025, Interest Rate: LIBOR + 4.75% on drawn amounts Interest Rate: 7.25% 1.425% on undrawn…
Future Growth Projects 1 El Tesorito 200 MW Power Plant - Consortium: Celsia, Proelectrica, Canacol (10%) - Operator: Celsia - 7 kms south of Canacols producing facilities - Estimated gas consumption 30 MMscf/d - Celsias estimated…
Positioned for Growth Continue Utilizing Best-in-Class Technology and Large resource base Expertise to De-Risk Large Resource Potential Land (Gas) Blocks 10 Net acres 1.5 MM Prospective resources (Tcf)(1) Un-risked 5.7 Risked…
Industry-Leading Exploration Success Utilizing AVO* Uncalibrated 3D Calibrated 3D for AVO analysis Includes pay in ft. TVD Discovery Arandala-1 Prospect Cacahuate-1 30 ft. Datil-1 Breva-1 Carambolo-1 29 ft.…
2021 Drilling Up to 12 Wells All 100% Interest and Operated Largest exploration activity in Canacols history 6 Wells Completed Block Well Well Type Flauta-1 Exploration VIM 5 Oboe-2 Development Milano-1 Exploration…
ESG Journey Enabling Colombia's Transition to a Cleaner Energy Future Our 6 year strategy has four priorities: A cleaner energy A safe and A transparent and A society guided by future committed team ethical business sustainable…
Colombias Largest Independent Natural Gas Producer Focused Leader Well Positioned Conventional natural Largest supplier to the Caribbean Coast Only active onshore gas operator gas pure play focused in and largest independent…
Appendix Upcoming/Ongoing/ Drilling Activity
Aguas Vivas-1 A B Aguas Vivas-1 Exploration Well, VIM-21 Depth Structure Map CDO-SS12 Contours 25 JOBO-6 CORAL-5 A CANAHUATE-3 CORAL-4 CANAFLECHA-1 CANAHUATE-1 CANAHUATE-4 VIM21 AGUAS VIVAS-1 AVO event 500…
AV-2 & AV-3 Appraisal Wells, VIM21 A AGUAS VIVAS-2 AGUAS VIVAS-3 B B Depth Structure Map CDO-SS18 Contours 25 JOBO-6 SF CORAL-5 SF CORAL-4 SF CANAHUATE-4 SF B CANAFLECHA-1 CANAHUATE-1 VIM21 CDO-S15 AGUAS…
Appendix Financial Performance and Valuation 2020 Investor Presentation
Valuation Not Reflecting Business Strengths Or Growth Potential 90% 2022E EBITDA Margin CNE, 74% 60% 30% 0% 2022E P/E 30x 20x 10x CNE, 5.6x 0x (1) Source: FACTSET consensus data, as of June 9, 2021. Tickers of…
Advisories This presentation is provided for informational purposes only as of June 2021, is not complete and may not contain certain material information about Canacol Energy Ltd. (Canacol or the Company), including important…
Advisories Oil and Gas Information Barrels of oil equivalent (boe) Boe may be misleading, particularly if used in isolation. A boe conversion ratio of cubic feet of natural gas to barrels of oil equivalent is based on an energy…
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