TSX: NVA Returns-Focused Sustainable Growth Corporate Presentation November 2021
NuVista Corporate Snapshot Production (MBoe/d) Corporate Information Operations 75 TSX Trading Symbol NVA NuVista Montney Shares Outstanding 226.4 Million 56,000+ 50 Market Capitalization ( 6.50/share) 1.5 Billion 25 Total Credit…
CORPORATE STRATEGY NuVista: Focused on Returns Top Quality Assets Financial & Execution Strength Wapiti: Free cash flow engine Significant liquidity to execute Pipestone: Returns-driven growth our plan 30% high-value condensate Free…
TOP QUALITY ASSETS Significant High-Quality Inventory Supports Top-Tier Development Pipestone Wapiti Top-Tier Asset With Measured Growth Free Cash Flow Engine Excellent returns & capital efficiencies Cash flow driven by low…
EXECUTION FOCUS Winter Program Update: Production Ramp In-Progress A Pipestone 6-Well Pad Material New Well Additions Through to Summer 22 Late-Q321 On-Stream A B D E Pipestone 6-Well Pad B Q421 On-Stream 7 Pipestone 6-Well…
EXECUTION FOCUS Pipestone: Production Ramp-up in Full-Swing; Cost Reductions + Consistent, Proven Results…
EXECUTION FOCUS Recent Cost Performance Continues to Drive Improved Capital Efficiencies & Returns Drilling Cost Going Longer for Less Completion Cost Intensity Up, Costs Down 2,400 3,600 1,500 3.0 Drilling Cost per Meter Avg.…
EXECUTION FOCUS Driving Down Cycle-Time Positive Impact on Returns Spud to on-stream times down…
EXECUTION FOCUS Free Cash Flow Driven by Efficient Capital Deployment and Rapid Netback Expansion Avg. Annual Capital Expenditure Allocation Cash Cost Reduction = Netback Expansion1 Cash Costs Cash Flow Netback 20 DCET 15%…
TOP QUALITY ASSETS Value Based Capital Allocation to Top-Tier Incremental Economics Wapiti: Type Well Rate of Return Type Well Payout High return inventory to sustain 200% 55/Bbl WTI 65/Bbl WTI 1.75 55/Bbl WTI 65/Bbl WTI production and…
OPTIMAL GROWTH PROFILE Capacity Profile: Flexibility to Set Our Capital Program Commensurate with Price Environment Why Grow On-track for 15-20% CAGR Maintain Flat Maximize free cash flow 450 through to 2024 100,000 Production &…
OPTIMAL GROWTH PROFILE 2022 Budget Highlights: Material Growth and Free Cash Flow 30% YoY Annual Production Growth 2022 Production Range: 65,000 68,000 Boe/d All-in Capital Efficiency of 9,100/Boed 2022 Capital Expenditure…
OPTIMAL GROWTH PROFILE Resilient Growth Fueled by Stable Development of Robust Existing Inventory Production Outlook Capex Outlook 100 500 50 Capex Well Count Annual Well Count 75 Capex (MM) (MBoe/d) 250 25…
OPTIMAL GROWTH PROFILE Material Free Cash Flow Growth & Debt Reduction Free Cash Flow Outlook1 Net Debt Outlook1 FCF: Minimum Debt Reduction FCF: Discretionary (65/3) Year-end Net Debt Net Debt: Annual CF (65/3) FCF: Discretionary…
FINANCIAL STRENGTH Material Liquidity and Improving Financial Leverage Total 230 MM Senior Debt Credit Capacity1: C470 MM Termed Out to 2026 New Senior Unsecured Notes issued in July 2021: 230 MM Face Value 7.785% Coupon 5 year…
FINANCIAL STRENGTH Condensate Pricing Market: Supply & Demand Fundamentals Western Canadian demand far exceeds domestic supply = Premium pricing over the long-term Continued demand growth & potential Southern Lights pipeline reversal…
FINANCIAL STRENGTH Market Diversification & Risk Management Program Active marketing program Natural Gas Price Diversification broadens exposure and mitigates Hedged NYMEX Floating Chicago Floating California Floating Dawn Floating…
NuVISTAS COMMITMENT ESG-Focused Culture1 Environmental Governance NuVista GHG Emissions 2012-2020 50% GHG Reduction Executive Compensation Alignment In annual greenhouse gas emissions Compensation tied to business & ESG performance…
CORPORATE STRATEGY NuVista: Focused on Returns Top Quality Assets Financial & Execution Strength Wapiti: Free cash flow engine Significant liquidity to execute Pipestone: Returns-driven growth our plan Free cash flow for measured…
Thank you
Advisory Regarding Oil and Gas Information ADVISORY REGARDING OIL AND GAS INFORMATION ECONOMIC INPUT ASSUMPTIONS EMISSIONS BENCHMARK METHODOLOGY The reserves estimates for 2020 presented herein have been evaluated by NuVista's type…
Abbreviations and Definitions physical storage and trading hub for natural gas AECO DCET drilled, completed, equip and tie-in MCF thousand cubic feet in Alberta Avg average DUCS drilled uncompleted wells MM million B billion E estimate…
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