TSX: NVA Returns-Focused Sustainable Growth Corporate Presentation September 2021
NuVista Corporate Snapshot Production (MBoe/d) Corporate Information Operations 60 TSX Trading Symbol NVA NuVista Montney Shares Outstanding 226.3 Million 50,000+ 40 Market Capitalization ( 3.50/share) 800 Million 20 Total Credit…
CORPORATE STRATEGY NuVista: Focused on Returns Top Quality Assets Financial & Execution Strength Wapiti: Free cash flow engine Significant liquidity to execute Pipestone: Returns-driven growth our plan 30% high-value condensate Free…
TOP QUALITY ASSETS Significant High-Quality Inventory Supports Top-Tier Development Pipestone Wapiti Top-Tier Asset With Measured Growth Free Cash Flow Engine Excellent returns & capital efficiencies Cash flow driven by low…
EXECUTION FOCUS 2021 Activity Update: Capex Focused on the Drill-bit; Pipestone-Centric Program in Full Swing 1 Pipestone 12-Well Pad Material New Well Additions Throughout the Year 1 Q1 On-Stream 4 3 2 Pipestone 6-Well Pad 4 Q2…
EXECUTION FOCUS Recent Cost Performance Continues to Drive Improved Capital Efficiencies & Returns Drilling Cost Going Longer for Less Completion Cost Intensity Up, Costs Down 2,400 3,600 1,500 3.0 Proppant Intensity (Tonnes)…
EXECUTION FOCUS Driving Down Cycle-Time Positive Impact on Returns Spud to on-stream times down…
EXECUTION FOCUS Free Cash Flow Driven by Efficient Capital Deployment and Rapid Netback Expansion Avg. Annual Capital Expenditure Allocation Cash Cost Reduction = Netback Expansion1 Cash Costs Netback 20 DCET 15% Other…
TOP QUALITY ASSETS Value Based Capital Allocation to Top-Tier Incremental Economics Wapiti: Type Well Rate of Return Type Well Payout High return inventory to sustain 200% 55/Bbl WTI 65/Bbl WTI 1.75 55/Bbl WTI 65/Bbl WTI production and…
OPTIMAL GROWTH PROFILE Capacity Profile: Flexibility to Set Our Capital Program Commensurate with Price Environment Why Grow On-track for 15-20% CAGR Maintain Flat Maximize free cash flow 450 through to 2024 100,000 Production &…
OPTIMAL GROWTH PROFILE Resilient Growth & Flattening Capital Spend Outlook Production Outlook Capex Outlook 100 500 50 Capex Well Count Annual Well Count 75 (MM) (MBoe/d) 250 25 50 25 0 0 2021 2022 2023…
OPTIMAL GROWTH PROFILE Material Free Cash Flow Growth & Debt Reduction Free Cash Flow Outlook1 Net Debt Outlook1 FCF: Debt Reduction FCF: Discretionary Cash Flow Year-end Net Debt Net Debt: Annual CF 375 750 800 2.0x 2021…
FINANCIAL STRENGTH Material Liquidity and Improving Financial Leverage Total 230 MM Senior Debt Credit Capacity1: C470 MM Termed Out to 2026 New Senior Unsecured Notes issued in July 2021: 230 MM Face Value 160 7.785% Coupon 5…
FINANCIAL STRENGTH Condensate Pricing Market: Supply & Demand Fundamentals Western Canadian demand far exceeds domestic supply = Premium pricing over the long-term Continued demand growth & potential Southern Lights pipeline reversal…
FINANCIAL STRENGTH Market Diversification & Risk Management Program Natural Gas Price Diversification Active marketing program Hedged NYMEX Floating Chicago Floating California Floating Dawn Floating AECO Floating Pct. of…
NuVISTAS COMMITMENT ESG-Focused Culture1 Environmental Governance NuVista GHG Emissions 2012-2019 Over 50% Reduction Exec. Comp. Alignment Compensation tied to business & ESG performance 0.07 In Annual Greenhouse Gas Emissions…
CORPORATE STRATEGY NuVista: Focused on Returns Top Quality Assets Financial & Execution Strength Wapiti: Free cash flow engine Significant liquidity to execute Pipestone: Returns-driven growth our plan Free cash flow for measured…
Thank you
Advisory Regarding Oil and Gas Information ADVISORY REGARDING OIL AND GAS INFORMATION ECONOMIC INPUT ASSUMPTIONS EMISSIONS BENCHMARK METHODOLOGY The reserves estimates for 2020 presented herein have been evaluated by NuVista's type…
Abbreviations and Definitions physical storage and trading hub for natural gas AECO DCET drilled, completed, equip and tie-in MCF thousand cubic feet in Alberta Avg average DUCS drilled uncompleted wells MM million B billion E estimate…
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