Skip to main content Third Quarter 2021 Earnings Presentation – Callon Petroleum Co. | Shale Experts
Loading...
Pm

Third Quarter 2021 Earnings Presentation – Callon Petroleum Co.

Callon Petroleum Co. · Nov 4, 2021 · 17 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. Third Quarter 2021 Earnings Presentation – Callon Petroleum Co. – slide 1
    3rd Quarter 2021 Earnings November 4, 2021
  2. Third Quarter 2021 Earnings Presentation – Callon Petroleum Co. – slide 2
    Firing on All Cylinders Continuous Operational Improvement 20% Operating margins up approximately 20% vs 2Q21 Delivering on our 2021 promises Efficient, Sustainable Scaled Development 6 Rig program focused on multi-well…
  3. Third Quarter 2021 Earnings Presentation – Callon Petroleum Co. – slide 3
    Strong Execution Advances Our Goals 3Q21 by the Numbers 2021 Accomplishments Operational Goals Metric 3Q21 Result Expand electrification program Projects completed in Eagle Ford and Delaware Total production (MBoe/d) 99.7 Basin…
  4. Third Quarter 2021 Earnings Presentation – Callon Petroleum Co. – slide 4
    Primexx Integration Starting Strong Solid Productivity Year-to-Date (Wolfcamp A & B) Increasing Project Sizes for Co-Development 10,000 1H21 7 gross wells / 1 well per project 2H21 15 gross wells / 3 wells per project 1,000 Oil…
  5. Third Quarter 2021 Earnings Presentation – Callon Petroleum Co. – slide 5
    Capital Efficiency Offsets Cost Pressures in 2021 Capital Efficiency Improving Continued Improvement in Capital Spend Scaled development program benefits 1,200 50% Multi-well pads allow for cycle time reduction Reduction from 1,000…
  6. Third Quarter 2021 Earnings Presentation – Callon Petroleum Co. – slide 6
    Managing Cash Costs for Improved Margins All-in Cash Costs1 Continues to Trend Lower 3Q21 Results Permian Eagle Ford 20 Daily production (MBoe/d) 64.5 35.2 15 % Oil 58% 76% 10 Cash G&A 20% /Boe in % NGL LOE/Boe Prod &22%…
  7. Third Quarter 2021 Earnings Presentation – Callon Petroleum Co. – slide 7
    Managing Our RBL, Liquidity, and Leverage Estimated 1.3BN Undrawn 1,600 200 730MM RBL reduction in 1.5 years 1,400 175 Adjusted FCF Consensus 1,200 Estimates 150 260MM reduction YTD Adjusted FCF (MM) 1,000 125 RBL…
  8. Third Quarter 2021 Earnings Presentation – Callon Petroleum Co. – slide 8
    Flexible and Improving Balance Sheet Highlights Trailing 12-months Net Debt to Adjusted EBITDA Leverage stats dramatically improved in 2021 through 4.2x 1.7x combination of cash flow, asset sales, Kimmeridge Strong leverage…
  9. Third Quarter 2021 Earnings Presentation – Callon Petroleum Co. – slide 9
    Focus on Continuous ESG Improvement 2020 Achievements1 Continued Advancement of ESG Goals in 2021 Focus on Environmental Stewardship 28% Reduction in GHG Intensity Initiated monthly reliability reviews with third-party engine…
  10. Third Quarter 2021 Earnings Presentation – Callon Petroleum Co. – slide 10
    Pathway To Sustainable Shareholder Returns Improving All Facets of the Callon Business Model for a Compelling Investment Thesis 1. Measured Growth 2. ESG Focus 3. Financial Performance Recognition of all stakeholders as we Targeted…
  11. Third Quarter 2021 Earnings Presentation – Callon Petroleum Co. – slide 11
    APPENDIX 12
  12. Third Quarter 2021 Earnings Presentation – Callon Petroleum Co. – slide 12
    Oil Hedges 4Q21 1Q22 2Q22 3Q22 4Q22 FY 2022 1Q23 NYMEX WTI (Bbls, /Bbl) Sw aps Total Volumes 1,748,000 855,000 819,000 1,196,000 1,196,000 4,066,000 315,000 Total Daily Volumes 19,000 9,500 9,000 13,000 13,000 11,140 3,500 Avg. Sw…
  13. Third Quarter 2021 Earnings Presentation – Callon Petroleum Co. – slide 13
    Gas And NGL Hedges 4Q21 1Q22 2Q22 3Q22 4Q22 FY 2022 NYMEX HENRY HUB (MMBtu, /MMBtu) Sw aps Total Volumes 4,357,000 900,000 2,730,000 2,760,000 930,000 7,320,000 Total Daily Volumes 47,359 10,000 30,000 30,000 10,109 20,055 Avg. Sw…
  14. Third Quarter 2021 Earnings Presentation – Callon Petroleum Co. – slide 14
    Non-GAAP Adjusted EBITDA1 (000s) 3Q 21 Net Income 171,902 Loss on derivative contracts 107,169 Loss on commodity derivative settlements, net (110,960) Non-cash benefit related to share-based awards (903) Merger, integration and…
  15. Third Quarter 2021 Earnings Presentation – Callon Petroleum Co. – slide 15
    Non-GAAP Adjusted Free Cash Flow1 (000s) 3Q 20 4Q 20 1Q 21 2Q 21 3Q 21 Net cash provided by operating activities 135,701 134,578 137,665 175,603 294,565 Changes in working capital and other 14,473 12,011 30,913 13,520 (30,355) Change in…
  16. Third Quarter 2021 Earnings Presentation – Callon Petroleum Co. – slide 16
    Non-GAAP Adjusted G&A Cash Component and Full Cash G&A Costs1 (000s) 1Q 21 2Q 21 3Q 21 Total G&A 16,799 11,065 9,503 Change in the fair value of liability share-based awards (non-cash) (5,943) (3,555) 2,492 Adjusted G&A total 10,856…
  17. Third Quarter 2021 Earnings Presentation – Callon Petroleum Co. – slide 17
    Non-GAAP Net Debt Reconciliation1 ( millions) 6/30/20 9/30/20 12/31/20 3/31/21 6/30/21 9/30/21 Long-term debt 3,350 3,225 3,013 2,978 2,903 2,858 Less: Cash and cash equivalents 8 11 20 24 4 4 Net Debt 3,342 3,214 2,993 2,954 2,899…

From the store

Browse maps, data & reports in the Shale Experts store