Why Canacol Colombias Largest Independent Natural Gas Producer Best in Class Assets & Management Sustainability Financial Strength & Discipline Growing reserves, production, and cash flow Supplying growing demand for…
Canacol at a Glance TSX : CNE BVC : CNE.C OTCQX : CNNEF Basic Shares O/S (MM) 1 176.7 Share Price (C) 2 3.88 Market Cap CAD686MM - (USMM) 3 555 Net Debt (USMM) 4 371 Enterprise Value (USMM) 927 Quarterly Dividend (C/sh) 0.052 Annual…
Colombia: A Large and Growing Economy GDP, US bn PPP1 1,000 History Forecast 800 600 400 200 0 2000 2005 2010 2015 2020 2025 Stable Democracy, Political and Regulatory Environment OECD Member Country 1) Source:…
Natural Gas Will Lead The Energy Transition In Colombia Climate Change: Colombia plans to use more gas to meet its Paris Agreement CO2 Emission Target: 51% by 2030 Energy Demand Projections (PJ)1 2,000 Gas produces 50% less CO2 than…
Long-Term Supply Shortage = High and Stable Gas Prices Canacols sales and transportation contracts give us a strong competitive advantage in meeting Colombias increasing gas demand. 70% Realized Gas Price History (US/Mcf)1…
Track Record of Growing Gas Sales 50 330(1) 2021 Guidance: 190 MMcf/d with interruptible 00 Sales (MMscfd) demand reactivating 50 153 153 MMcf/d without - 190 interruptible demand reactivating 00 172 50 Contracts: 143 fixed…
Reserves Underpin Value and Future Production Growth 771 bcf added through discoveries, extensions and revisions since 2013* 2P Gas Reserves (bcf) 2P After-Tax NPV10 (USMM) 1,583 624 637 1,270 559 505 1,136 1,083 411 372…
2021 Plan CAPEX Budget 2021 Gas Sales 19 153 190 MMscf/d 21 140 MM CAPEX 15 98 - 140 million 85 Drill up to 12 wells 10 drilled, 1 remaining Seismic Acquisition Exploration Wells Admin, ESG, & Seismic & Other Acquire 665 km2 of…
Canacols Financial Management 2021 Waterfall (USMM)(1): Flexibility High Sales Case (190 MMcf/d) Un-drawn credit facilities 30 Revolver US 46MM Low Sales Case (153 MMcf/d) Bridge Loan US 50MM 210 45 Capex flexibility to adjust…
Financial Flexibility1 Debt Profile: Revolving Credit Facility: 46 million Senior Notes: 500 million 3 Year Term, Undrawn Maturity: Nov 2028, Interest Rate: LIBOR + 4.75% on drawn amounts Interest Rate: 5.75% 1.425% on undrawn…
Solving Cost-Prohibitive Transportation Jobo-Medellin Pipeline Existing Pipeline Network Fees Prevent Canacol From Supplying the Interior Market Existing network transport fees from the Caribbean to Interior: 5.3-6.6 USD/Mcf…
Diversifying and Growing Canacols Gas Market Jobo-Medellin Pipeline Interior Market Coastal Market - Larger market (60% of Colombias Natural Gas Demand) - lots - Canacol has grown to supply 50% of the coastal gas of room to grow…
Strategic Gas Sales Contract Signed with EPM Jobo-Medellin Pipeline Signed strategic contract with the largest utility company EPM: - Take or Pay Contract - Duration: 11 years - Start Date: December 1, 2024 - End Date: November…
Jobo Medellin Pipeline: Project Outline New 20 pipeline will be built between Canacols gas treatment plant at Jobo to the city of Medellin located 285 kilometers to the south CAPEX: US450 million Capacity: 100 mmscfd (option to expand…
Positioned for Growth Continue Utilizing Best-in-Class Technology and Large resource base Expertise to De-Risk Large Resource Potential Land (Gas) Blocks 10 Net acres 1.5 MM Prospective resources (Tcf)(1) Un-risked 5.7 Risked…
Industry-Leading Exploration Success Utilizing AVO* Uncalibrated 3D Calibrated 3D for AVO analysis Includes pay in ft. TVD Discovery Arandala-1 Prospect Cacahuate-1 30 ft. Datil-1 Breva-1 Carambolo-1 29 ft.…
2021 Drilling: Exploration Focused 10 Wells Drilled Block Well Well Type Flauta-1 Exploration VIM 5 Oboe-2 Development Corneta-1 Exploration Milano-1 Exploration Esperanza Canahuate-4 Development Nelson-9 Development San…
ESG Journey Enabling Colombia's Transition to a Cleaner Energy Future Our 6 year strategy has four priorities: A cleaner energy A safe and A transparent and A society guided by future committed team ethical business sustainable…
Supporting Colombias Transition Canacol Beats its Peer Group in GHG Intensity Per Unit of Production1 Canacol is a leader in GHG emissions intensity in oil and gas 80 Canacol industry standards 70 USA Gas 60 Carbon Intensity…
Supporting Colombias Transition A Clean Energy Future Energy Intensity (kwh/BOE) Direct Emissions Intensity (kg CO2 eq / BOE) Water Consumption Intensity Scope 1 & 2 (l/kboe) 31.1% 19.3% 28.6% 13.3% Energy Matrix GHG…
We are the future, we are energy A transparent & Ethical Business A culture guided by sustainable development 5 Board Committees Includes new ESG Committee Communities: 57 projects benefiting 60,000 px Bringing gas to communities…
Colombias Largest Independent Natural Gas Producer Focused Leader Well Positioned Conventional natural Largest supplier to the Caribbean Coast Only active onshore gas operator gas pure play focused in and largest independent…
Appendix Upcoming/Ongoing/ Drilling Activity
Oboe-1 SIKU-1 X Y Siku-1 Exploration Well, VIM5 Contract Mid Miocene Unc Blue-SS3 depth structure 50 Contours Siku prospect SIKU-1 Y X OBOE-1 1 KM OBOE-2 PENETRATION POINT SURFACE LOCATION AVO event Well…
Appendix Financial Performance and Valuation 2020 Investor Presentation
Valuation Not Reflecting Business Strengths Or Growth Potential 100% 2022E EBITDA Margin CNE, 74% 75% 50% 25% 0% 20x 2022E P/E 10x CNE, 6.2x 0x (1) Source: FACTSET consensus data, as of November 4, 2021. Tickers of…
Advisories This presentation is provided for informational purposes only as of November 2021, is not complete and may not contain certain material information about Canacol Energy Ltd. (Canacol or the Company), including important…
Advisories Oil and Gas Information Barrels of oil equivalent (boe) Boe may be misleading, particularly if used in isolation. A boe conversion ratio of cubic feet of natural gas to barrels of oil equivalent is based on an energy…
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