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4Q 2021 Earnings Presentation – Continental Resources, Inc.

Continental Resources, Inc. · Feb 24, 2022 · 21 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. 4Q 2021 Earnings Presentation – Continental Resources, Inc. – slide 1
    Click to edit Master title style Investor Update February 2022 NYSE: CLR PROPERTY PROPERTY OF CONTINENTAL OF CONTINENTAL RESOURCES, RESOURCES, INC. REPRODUCTION INC. REPRODUCTION AND DISTRIBUTION AND DISTRIBUTION WITH…
  2. 4Q 2021 Earnings Presentation – Continental Resources, Inc. – slide 2
    Click to editUnique Continentals Master title Value style Proposition & Priorities DELIVER ROCE(1) Focused Investment Framework Leading Corporate Returns 21% Projected ROCE Significant Increase in Return of Capital to Shareholders…
  3. 4Q 2021 Earnings Presentation – Continental Resources, Inc. – slide 3
    ClickDelivered 2021: to edit Master title style Record Results & Enhanced Shareholder Value (1) Adjusted EPS 4.66 Record Level Cash Flow from Operations (CFO) 3.97 B Record Level (2) FCF 2.64 B Record Level (3) ROCE 14.6% Peer…
  4. 4Q 2021 Earnings Presentation – Continental Resources, Inc. – slide 4
    Click Who Weto edit Are: Master Premier titleDriving Assets style Unique Value Opportunity CLRs Competitive Advantage 50% of Current Inventory Supports 10-Year Production CAGR of 5% Deep, High-Quality Inventory Bakken 1 PRODUCER…
  5. 4Q 2021 Earnings Presentation – Continental Resources, Inc. – slide 5
    Click to Above edit Peer Master & S&P title style 500 Corporate Returns Over Past 5 Years 1. E&P Peers, Majors and S&P 500 data provided by FactSet as of January 2022. E&P Peers includes APA, COP, CTRA, DVN, EOG, FANG, HES, MRO,…
  6. 4Q 2021 Earnings Presentation – Continental Resources, Inc. – slide 6
    2022 Capital Budget Click Asset to edit Quality Master & Execution title Driving styleShareholder Capital & Corporate Returns Significant (1) 2.3 B Capital Budget 15% Increase YoY Attributed to Legacy Assets (1) 45% Reinvestment…
  7. 4Q 2021 Earnings Presentation – Continental Resources, Inc. – slide 7
    2022-2025 Projection Click At Targeting toLeast edit11.6 Master title style B Cumulative FCF (55% Current Market Cap) (1) (2) Based on a Flat YoY Capex vs. 2022 Delivering a Low Single Digit Production CAGR 2021 2022 Target…
  8. 4Q 2021 Earnings Presentation – Continental Resources, Inc. – slide 8
    2022-2025 Projection Click to edit Master Available title style At Least 11.6 B Cumulative FCF for Shareholder Capital Returns (4x CLR Float) (1) (2) Based on a Flat YoY Capex vs. 2022 Delivering a Low Single Digit Production…
  9. 4Q 2021 Earnings Presentation – Continental Resources, Inc. – slide 9
    Comprehensive Approach to ESG Click toPowering Responsibly edit Master titleForstyle The Possible All Our Communities & Stakeholders 2021 ESG Performance 2022 ESG Focus Areas Record Safety Performance with Lowest Recordable Injury…
  10. 4Q 2021 Earnings Presentation – Continental Resources, Inc. – slide 10
    Click to Information Contact edit Master title style Rory Sabino Vice President, Investor Relations Phone: 405-234-9620 Email: Rory.SabinoCLR.com Lucy Spaay Investor Relations Analyst Phone: 405-774-5878 Email: Lucy.SpaayCLR.com…
  11. 4Q 2021 Earnings Presentation – Continental Resources, Inc. – slide 11
    Click to edit Master title style REFERENCE MATERIALS PROPERTY OF CONTINENTAL RESOURCES, INC. REPRODUCTION AND DISTRIBUTION WITH WRITTEN PERMISSION ONLY 12
  12. 4Q 2021 Earnings Presentation – Continental Resources, Inc. – slide 12
    Click to 2022 Guidance edit Master & Operating title style Detail Production & Capital 2022 Capital Expenditures Budget ( in Millions) Capital expenditures budget 2.3 Billion Bakken D&C 800 Oil production (Bo per day) 195,000 to…
  13. 4Q 2021 Earnings Presentation – Continental Resources, Inc. – slide 13
    Click to edit Significant CashMaster title style Flow Available for Balance Sheet Enhancement 6.8 B Net Debt(1) at 12/31/21 YE 21 Liquidity & Capitalization ( MM) Consolidated Capitalization 240 MM Revolver as of 1/31/22 (260 MM…
  14. 4Q 2021 Earnings Presentation – Continental Resources, Inc. – slide 14
    ClickCash Free to edit FlowMaster titleCash and Free styleFlow Yield Our presentation of free cash flow and free cash flow yield are non-GAAP measures. We define free cash flow as cash flows from operations before changes in working…
  15. 4Q 2021 Earnings Presentation – Continental Resources, Inc. – slide 15
    Click Net to edit Debt Master titleTostyle Reconciliation GAAP Net debt is a non-GAAP measure. We define net debt as total debt less cash and cash equivalents as determined under U.S. GAAP. Net debt should not be considered an…
  16. 4Q 2021 Earnings Presentation – Continental Resources, Inc. – slide 16
    Click to edit EBITDAX Master titleTostyle Reconciliation GAAP We use a variety of financial and operational measures to assess our performance. Among these measures is EBITDAX, a non-GAAP measure. We define EBITDAX as earnings before…
  17. 4Q 2021 Earnings Presentation – Continental Resources, Inc. – slide 17
    Click to edit EBITDAX Master titleTostyle Reconciliation GAAP The following tables provide reconciliations of our net income (loss) and net cash provided by operating activities to EBITDAX for the periods presented: Three months ended…
  18. 4Q 2021 Earnings Presentation – Continental Resources, Inc. – slide 18
    Click to edit Adjusted Master Earnings title style To GAAP Reconciliation Our presentation of adjusted earnings and adjusted earnings per share that exclude the effect of certain items are non-GAAP financial measures. Adjusted earnings…
  19. 4Q 2021 Earnings Presentation – Continental Resources, Inc. – slide 19
    Click Net to edit Sales Master Prices title style To GAAP Reconciliation Revenues and transportation expenses associated with production from our operated properties are reported separately. For non-operated properties, we receive a…
  20. 4Q 2021 Earnings Presentation – Continental Resources, Inc. – slide 20
    Click G&A Cash to edit Master title To Reconciliation style GAAP Our presentation of cash general and administrative (G&A) expenses per Boe is a non-GAAP measure. We define cash G&A per Boe as total G&A determined in accordance with…
  21. 4Q 2021 Earnings Presentation – Continental Resources, Inc. – slide 21
    Click to editOfMaster Calculation Returntitle style Employed (ROCE) On Capital The following table shows the calculation of ROCE for 2021. In thousands 2021 Net income (loss) attributable to Continental Resources 1,660,968 Non-cash…

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