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3Q 2021 Investor Presentation – Crescent Point Energy Corp.

Crescent Point Energy Corp. · Nov 1, 2021 · 32 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. 3Q 2021 Investor Presentation – Crescent Point Energy Corp. – slide 1
    CORPORATE PRESENTATION October 2021 Corporate Presentation CRESCENT POINT CRESCENT POINT Bringing Energy To Our World - The Right Way
  2. 3Q 2021 Investor Presentation – Crescent Point Energy Corp. – slide 2
    Q3 2021 Highlights CORPORATE PRESENTATION Generated 180MM of excess Net debt reduction since close of Increased quarterly dividend to cash flow, or 580MM YTD, Kaybob Duvernay acquisition equates to 0.03/share, accelerating…
  3. 3Q 2021 Investor Presentation – Crescent Point Energy Corp. – slide 3
    Strategy & Focus CORPORATE PRESENTATION Risk-Adjusted Returns Concentrated in low-risk, high-return assets Capital Discipline Returns-based capital allocation framework Balance Sheet Strength Improving leverage profile…
  4. 3Q 2021 Investor Presentation – Crescent Point Energy Corp. – slide 4
    Asset Overview Asset Characteristics CORPORATE PRESENTATION High netback, liquids weighted asset base Low risk drilling inventory Central Alberta High rate of return & quick payout wells Southeast Saskatchewan Long life, low…
  5. 3Q 2021 Investor Presentation – Crescent Point Energy Corp. – slide 5
    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 5 ESG: Environmental,…
  6. 3Q 2021 Investor Presentation – Crescent Point Energy Corp. – slide 6
    CPGs Execution CORPORATE PRESENTATION Strengthening Increased financial flexibility, reducing net debt by 50% since 2018 Balance Sheet Line of sight to 1.0x D/CF in early 2022E, based on current forward strip commodity prices…
  7. 3Q 2021 Investor Presentation – Crescent Point Energy Corp. – slide 7
    Returns Based Capital Allocation Framework & Excess 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 &…
  8. 3Q 2021 Investor Presentation – Crescent Point Energy Corp. – slide 8
    Improving Leverage & Return of Capital to Shareholders Net Debt to Funds Flow Return of Capital CORPORATE PRESENTATION 2.0x Line of sight to 1.0x net debt to funds flow in early 2022, Dividend level and payout ratio centered on…
  9. 3Q 2021 Investor Presentation – Crescent Point Energy Corp. – slide 9
    Preliminary 2022 Outlook 2022 Cash Flow Sensitivity & Allocation CORPORATE PRESENTATION (Based on production of 131,000 135,000 boe/d) Excess Cash Flow Available For: 1.0B (US80 WTI) Net debt reduction Sustainable dividend…
  10. 3Q 2021 Investor Presentation – Crescent Point Energy Corp. – slide 10
    5 Year Outlook (2022 2026) CORPORATE PRESENTATION Cumulative 5 Year Pre-Dividend Annual average production in the 131,000 135,000 boe/d range Excess Cash Flow 6.0 Annual average development capital Billions CAD 4.0…
  11. 3Q 2021 Investor Presentation – Crescent Point Energy Corp. – slide 11
    Significant Financial Flexibility & Liquidity Significant Liquidity Debt Structure CORPORATE PRESENTATION 2,000 30% Million CAD 70% CRESCENT POINT 445 463 316 224 25 Liquidity 2022 2023 2024 2025 2026+ Senior…
  12. 3Q 2021 Investor Presentation – Crescent Point Energy Corp. – slide 12
    Hedging Strategy Preserves Financial Flexibility 60,000 Hedging Summary CORPORATE PRESENTATION Oil Hedge Volume (bbl/d) 50% 45% 40% 40,000 20,000 CRESCENT POINT - Q4 2021 Q1 2022 Q2 - Q4 2022 Swap (CDN) 65.81…
  13. 3Q 2021 Investor Presentation – Crescent Point Energy Corp. – slide 13
    Operational Excellence & Continuous Improvement Experienced Operator Knowledge Transfer and Innovation Top 10 North American operators Continued reduction in drilling & completions costs Hz Wells Drilled & Completed CORPORATE…
  14. 3Q 2021 Investor Presentation – Crescent Point Energy Corp. – slide 14
    Strong ESG Practices CORPORATE PRESENTATION Environment Social & Safety Governance Targeting 50% reduction in emissions intensity Safety-centric culture resulting in Diverse, independent, experienced and highly and 70% reduction…
  15. 3Q 2021 Investor Presentation – Crescent Point Energy Corp. – slide 15
    Optimizing Portfolio Based on Key Asset Criteria CPGs Optimal Portfolio Targeting a portfolio of high-return assets including: CORPORATE PRESENTATION Excess Cash Flow i. Organic diversified growth Generating Assets (Primary)…
  16. 3Q 2021 Investor Presentation – Crescent Point Energy Corp. – slide 16
    Kaybob Duvernay Development Brought 15 DUCs onstream during H1/21 with high liquids rates of 80% (primarily condensate) CORPORATE PRESENTATION Initiated drilling first multi-well pad with strong operational execution to-date;…
  17. 3Q 2021 Investor Presentation – Crescent Point Energy Corp. – slide 17
    Our Purpose CORPORATE PRESENTATION Bringing Energy To Our World CRESCENT POINT The Right Way 17
  18. 3Q 2021 Investor Presentation – Crescent Point Energy Corp. – slide 18
    CRESCENT POINT CORPORATE PRESENTATION Appendix October 2018
  19. 3Q 2021 Investor Presentation – Crescent Point Energy Corp. – slide 19
    Capital Markets Summary & Guidance Capital Markets Summary 2021 Guidance CORPORATE PRESENTATION CPG (TSX and NYSE) Prior Revised Trading Price (Oct. 22, 2021) C6.23 (TSX), US5.04 (NYSE) Annual Avg. Production (mboe/d)(1) 130 -…
  20. 3Q 2021 Investor Presentation – Crescent Point Energy Corp. – slide 20
    High Netback Asset Base CORPORATE PRESENTATION 2022E Operating Netback 60 50 40 CRESCENT POINT /boe 30 20 10 0 Peer 1 CPG Peer 2 Peer 3 Peer 4 Peer 6 Peer 5 Peer 7 Peer 8 Peer 9 Peer 10 Peer 11…
  21. 3Q 2021 Investor Presentation – Crescent Point Energy Corp. – slide 21
    Commitment to Environmental Stewardship Increased target for emissions intensity reduction to 50% by 2025, including a 70% reduction in methane emissions CORPORATE PRESENTATION Achievement driven by proactive development planning,…
  22. 3Q 2021 Investor Presentation – Crescent Point Energy Corp. – slide 22
    Disciplined Commitment to Decline Mitigation 25% of corporate oil production under waterflood, declining at 5% CORPORATE PRESENTATION Only half of planned injectors converted to date with opportunity for additional conversions in…
  23. 3Q 2021 Investor Presentation – Crescent Point Energy Corp. – slide 23
    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 Fully unitized an additional two units in the…
  24. 3Q 2021 Investor Presentation – Crescent Point Energy Corp. – slide 24
    Kaybob Duvernay Low-risk, delineated play in the heart of condensate rich fairway CORPORATE PRESENTATION High quality type wells with strong liquids rates and competitive full-cycle economics Significant excess cash flow…
  25. 3Q 2021 Investor Presentation – Crescent Point Energy Corp. – slide 25
    Shaunavon Low-risk and multi-zone asset base continues to generate excess cash flow CORPORATE PRESENTATION Significant decline mitigation opportunities with strong full-cycle economics Advancing waterflood program and polymer…
  26. 3Q 2021 Investor Presentation – Crescent Point Energy Corp. – slide 26
    Flat Lake Continue to focus on 2-mile horizontal development of Torquay zone with enhanced targeting through micro seismic CORPORATE PRESENTATION Advancing decline mitigation program within Ratcliffe zone following strong…
  27. 3Q 2021 Investor Presentation – Crescent Point Energy Corp. – slide 27
    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…
  28. 3Q 2021 Investor Presentation – Crescent Point Energy Corp. – slide 28
    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…
  29. 3Q 2021 Investor Presentation – Crescent Point Energy Corp. – slide 29
    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…
  30. 3Q 2021 Investor Presentation – Crescent Point Energy Corp. – slide 30
    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 Kaybob Duvernay assets (the Assets). The statement of reserves data…
  31. 3Q 2021 Investor Presentation – Crescent Point Energy Corp. – slide 31
    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…
  32. 3Q 2021 Investor Presentation – Crescent Point Energy Corp. – slide 32
    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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