Investor Presentation November 2021 NYSE: SWN www.swn.com 1
Cautionary Statements Forward-Looking Statements Certain statements and information herein may constitute forward-looking statements within the meaning of Section 27A of the Investor Relations 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…
Natural Gas Leader for a Low Carbon Future Scaled production 4 Bcfe per day; Appalachia Net Acres: 789,218(2) 85% natural gas(1) YE 2020 Proved Reserves: 11.9 Tcfe(2) 2021E Net Production: 3.0 Bcfe/day(1) Returns-driven strategy…
Results Delivered Demonstrating enhanced value and stakeholder returns CREATE PROTECT PROGRESS INCREASE SUSTAINABLE FINANCIAL BEST-IN-CLASS SCALE VALUE STRENGTH EXECUTION Generating meaningful Expect to achieve Increased…
Haynesville Entry Provides Tangible Benefits of Scale Improves all key financial metrics, including per share metrics Enhances free cash flow and margins Further strengthens balance sheet Adds high-return dry gas inventory and…
Further Strengthening the Balance Sheet SCALE INCREASES DISCIPLINED RISK SUSTAINABLE 1x 1.5x FREE CASH FLOW MANAGEMENT LEVERAGE TARGET Free cash flow to further reduce Financial strength through Hedging to safeguard debt…
Vertical Integration Delivering Competitive Advantage Drilling Completions Technology Lower cost by increasing lateral lengths and collapsing cycle times Experienced and innovative SWN team setting performance standards Agile…
ESG is a Core Value Enhance position as a leading natural gas company by responsibly developing clean, low carbon energy through the right people doing the right things Environmental Social Governance Responsible energy Investing…
Why Invest in SWN CAPTURING THE BENEFITS OF SCALE FINANCIAL STRENGTH Core positions in the top 2 US natural gas basins building Protecting the balance sheet; sustainable record proved reserves and value leverage target 1.0x 1.5x…
Appendix 13
Proven Track Record of Environmental Stewardship Responsible natural gas and liquids producer Leader in Air Quality Leader in Water Conservation 73% LOWER 14.3 BILLION+ Methane intensity substantially lower Gallons of fresh water…
Emphasis on Social Responsibility & Corporate Governance Investing in our Supporting the Diversity of thought and employees and communities where we approach on Board of contractors work and live Directors 30,364+ 1.7MM HSE…
Delivering Gas to Highest Value Markets Expanded portfolio reaches global Greater Canada: 1% Appalachia: 41% markets, expands marketing optionality Dawn Dominion and lessens enterprise basis volatility TCO Pool TGP 219/313 Transco…
Capturing Improving NGL Prices Expanded footprint and marketing SWN Liquids Marketing Options optionality enhances value Ethane Firm transportation capacity on Truck to ATEX East Coast Rail Premium Capacity to ATEX with flexibility…
Marcellus Dry Gas Well Performance SWN Drilled & Completed Marcellus Dry Gas (Normalized to 10,000 ft lateral) 2020(1) 2021E Average lateral length 10,765 ft 13,913 ft Well cost 6.8 MM 7.8 MM Cost per lateral foot 631 560 Gross EUR…
Marcellus Rich Gas Well Performance SWN Drilled & Completed Marcellus Rich Gas (Normalized to 10,000 ft lateral) 2020(1) 2021E 42% 56% Average lateral length 13,298 ft 12,202 ft Well cost 9.4 MM 8.0 MM Production Mix Cost per…
Marcellus Super Rich Gas Well Performance SWN Drilled & Completed Marcellus Super Rich Gas (Normalized to 10,000 ft lateral) 2020(1) 2021E 45% 39% Average lateral length 13,226 ft 15,674 ft Well cost 9.0 MM 9.6 MM Production Mix…
Ohio North Utica Dry Gas Well Performance Ohio North Utica Dry Gas(1) (Normalized to 10,000 ft lateral) Estimated Type Well Average lateral length 14,000 ft Well cost 10.2 MM Cost per lateral foot 725 Gross EUR 28 Bcf Gross EUR per…
Hedge Position Natural Gas Bcf, /MMBtu Crude MBbls, /Bbl 2021 Total 102 2.83 2021 Total 780 48.94 Q4 274 88 84 2.70 x 3.04 2.19 x 2.55 x 2.91 Q4 1,377 46 551 37.50 x 45.50 39.18 x 48.95 x 54.35 2022 Total Total 128…
Hedge Position Ethane Bcf, /MMBtu (/gal) Propane MBbls, /Bbl (/gal) 2021 Total 2,483 9.74 (0.23) 2021 Total Q4 2,630 147 7.14 x 10.40 (0.17 x 0.25) Q4 2,107 2,107 23.98 (0.57) 2022 Total Total 1,090 10.78 (0.26) 2022 Total 1,257…
Hedge Position Butane Bcf, /MMBtu (/gal) Natural Gasoline MBbls, /Bbl (/gal) 2021 Total 2021 Total 617 635 Q4 617 29.08 (0.69) Q4 635 43.62 (1.04) 2022 Total Total 2022 Total 346 30.57 (0.73) 337 47.78 (1.14) Q1 346 Q1 337…
Financial and Operational Summary Year Ended 9 Months Ended September 30, December 31, 2021 2020 2020 ( in millions, except per share amounts) Revenues 3,720 1,529 2,308 Adjusted EBITDA (1) 1,108 466 742 (2) Adjusted Net Income…
Explanation and Reconciliation of Non-GAAP Financial Measures: Net Cash Flow We define net cash flow as cash flow from operating activities adjusted for changes in operating assets and liabilities, merger- related expenses and…
Explanation and Reconciliation of Non-GAAP Financial Measures: Adjusted Net Income Additional non-GAAP financial measures we may present from time to time are adjusted net income and adjusted diluted earnings per share attributable to…
Explanation and Reconciliation of Non-GAAP Financial Measures: Adjusted EBITDA EBITDA is defined as net income (loss) plus interest, income tax expense, depreciation, depletion and amortization. Adjusted EBITDA is defined as EBITDA…
Explanation and Reconciliation of Non-GAAP Financial Measures: Net debt / Adj. EBITDA Net debt is defined as short-term debt plus long-term Sep 30, Dec 31, Mar 31, Jun 30, Sep 30, debt, less cash and cash equivalents. Adjusted 2020 2020…
Loading...
