December 2021 (NYSE: CRGY) Creating A Differentiated U.S. Energy Company + CRESCENT ENERGY
Crescent Energy: A Differentiated U.S. Energy Company A Diversified and Well-Capitalized Energy Company with an Investor Mindset and a Focus on Sustainable Value Creation Substantial Cash Flow Generation Supported by Predictable…
Consistently Executing Our Strategy We Seek to Deliver Attractive Risk-Adjusted Investment Returns and Predictable Cash Flows Across Cycles Employing a differentiated business model that combines an investor mindset and deep…
Sustainable Value Creation: Our Free Cash Flow Model Stable Asset Base Generates Predictable Free Cash Flow, Supported by Financial Discipline and Growth Through Returns-Driven Investing Cash flow is the foundation of our business,…
Low-Decline Production Base Drives FCF Generation Scaled Portfolio of Stable, Low-Decline Production from a Diversified Asset Base Generates Substantial and Predictable Free Cash Flow 2022E PDP Decline vs. Peers(1) 32%…
Flexible & Returns-Driven Organic Growth Potential Balanced Portfolio of Attractive, Low-Risk Reinvestment Opportunities in Key Proven Basins Across The Lower 48 Extensive low-risk capital opportunity Attractive & competitive…
An Attractive Market for Consolidation Historically Low Equity Capital Formation and An Increasing Supply of Assets and Businesses For Sale Has Created a Unique Market Opportunity Large, Increasing Universe (Capital(1) Bn)…
Continuing Our Active Acquisition Strategy Differentiated Business Model, Scaled Asset Base & Investment Experience Uniquely Position Crescent to Further Capitalize on the Market Opportunity Crescent Consistent Acquisition Strategy…
Disciplined Financial & Risk Management Program Prioritize Balance Sheet Target investment grade credit metrics Strength Long-term target leverage at or below 1.0x Returns Focused Disciplined reinvestment of a portion of cash…
Commitment to Financial Strength and Flexibility Continued Commitment to Target Leverage At or Below 1.0x Pro Forma Capitalization Table as of 9/30(4) Targeting Investment Grade ( in MM, unless noted) Cash & Cash Equivalents 67…
Our Dividend Framework Our EBITDAX-Based Dividend Framework is Designed to Deliver a Reliable Return of Capital to Our Shareholders(1) Illustrative Dividend Returning Capital to Shareholders (Assuming 1Bn of EBITDAX) is a Key…
Our Commitment to ESG Progress We seek to be a quantitative leader in ESG stewardship. Our key guiding principles include the following: We will improve the ESG performance of assets during ownership Crescent operations will seek…
Aligned Management & Board with Investor Mindset Uniquely Aligned Management Team with High Insider Ownership and Exclusively Performance-Based Long-Term Incentive Structure David Brandi Todd Ben Clay Bo Rockecharlie Kendall Falk…
Crescent Energy: A Compelling Investment A Diversified and Well-Capitalized Energy Company with an Investor Mindset and a Focus on Sustainable Value Creation Unique business model combining an investor mindset & deep operational…
Appendix CRESCENT ENERGY
Our Operating Model Employing a Differentiated Business Model that Combines an Investor Mindset and Deep Operational Expertise to Deliver Sustainable Value Creation Operating through three scaled asset strategies with financial…
Our Proactive Hedge Strategy Longer-Term Rolling Hedge Strategy Mitigates Near-Term Price Volatility and Protects Cash Flow and Reinvestment Returns Base PDP: Actively hedge Target Hedge Levels(1) (% of PDP Production) oil, gas,…
Our Board of Directors Crescents Board of Directors Brings Together a Diverse Group of Seasoned Executives with a Broad Range of Valuable Expertise Crescent Board comprised of more than 75% Independent Directors(1) One Director to…
ESG Advisory Council Our ESG Advisory Council meets quarterly and advises management and the board on a variety of ESG topics, including environmental, health & safety; climate change & greenhouse gas emissions reduction; water…
Summary Hedge Position Crude Oil Natural Gas NGLs Hedged Volume Weighted Average Hedged Volume Weighted Average Hedged Volume Weighted Average (MBbl) Price ( / Bbl) (MMcf) Price ( / MMBtu) (MBbl) Price ( / Bbl) Q4 2021 3,082 53.56…
Our Up-C Organizational Structure The Diagram Below Depicts Our Organizational Structure Immediately Following the Closing of the Merger with Contango Oil & Gas Co. Up-C Investors and Crescent Energy Company (PubCo) hold units (OpCo…
Non-GAAP Reconciliation For the nine months ended (in thousands) September 30, 2021 Net loss (678,112) Adjustments to reconcile to Adjusted EBITDAX: Interest expense 47,270 Realized loss on interest rate derivatives 7,373 Income…
Stay Connected. Emily Newport IRcrescentenergyco.com 600 Travis Street Suite 7200 Houston, Texas 77002 + 1 (713) 332-7001 www.crescentenergyco.com
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