Acquisition of GEP Haynesville Expanding Scale in Haynesville November 2021 NYSE: SWN www.swn.com 1
Cautionary Statements Forward-Looking Statements Investor Relations Certain statements and information herein may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and…
Our Strategy Responsibly develop core positions in the two premier US gas basins in a manner that creates sustainable value for stakeholders, protects financial strength and progresses leading execution to realize the tangible benefits of…
Transaction Overview Accretive acquisition at an attractive valuation Total consideration of 1.85 billion 1.325MM of cash consideration expected to be financed utilizing a combination of pre- payable debt and long-term senior note…
Capturing Synergies in the Core of the Haynesville Positions SWN as largest Haynesville producer GEP KEY METRICS Estimated Daily Net Production(1) 0.7 Bcfe/day YE 2020 Proved Reserves(2) 1.6 Tcfe Inventory Locations(2) 700 Net…
Delivers on Key Objectives of Strategic Framework Disciplined consolidation expands Haynesville position Builds further scale in Haynesville Leading position in the two premier US natural gas basins High-margin dry gas inventory…
Core Positions in Appalachia and Haynesville Increased scale enhances shareholder value proposition Period-End Net Production Appalachia Proved Reserves (TCFe)(6) Rate (BCFe/d) Net Acres: 789,000(1) 4.7 20.9 4.0 18.5 YE 2021E Net…
Improves Key Per Share Metrics Expands SWNs ability to deliver sustainable value for shareholders Cash Flow Per Share Free Cash Flow Per Share 3.00 1.00 2.00 15% 15% Increase 0.50 Increase 1.00 0.00 0.00 2022E 2022E Cash…
Disciplined Plan Delivering Free Cash Flow Outlook Maintenance capital investment with activity in each of the operating areas Preliminary SWN + GEP 2022E Expect over 1 billion in 2022 free cash flow, total of 2.3 billion in 2022…
Preserving Financial Strength Clear path to achieving sustainable leverage and total debt target SUSTAINABLE 1.0x TO 1.5x SCALE INCREASES DISCIPLINED RISK LEVERAGE TARGET FREE CASH FLOW MANAGEMENT Financial strength through Free…
Delivering Gas to Highest Value Markets Balanced portfolio provides marketing Canada: 1% Dawn Greater diversification and sales location optionality Appalachia: 26% Dominion Direct access to LNG corridor and growing TCO Pool…
Why Invest in SWN CAPTURING THE BENEFITS OF SCALE FINANCIAL STRENGTH Core positions in the top two US natural gas basins Protecting the balance sheet; sustainable building record proved reserves and value leverage target 1.0x 1.5x…
Explanation of Non-GAAP Measures EBITDA is defined as net income (loss) plus interest, income tax expense (benefit), depreciation, depletion and amortization, expenses associated with the restructuring and merger-related charges,…
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