Skip to main content April 2022 Corporate Presentation – Canadian Natural Resources (CNRL) | Shale Experts
Loading...
Pm

April 2022 Corporate Presentation – Canadian Natural Resources (CNRL)

Canadian Natural Resources (CNRL) · Apr 1, 2022 · 39 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. April 2022 Corporate Presentation – Canadian Natural Resources (CNRL) – slide 1
    Canadian Natural CORPORATE PRESENTATION APRIL 2022
  2. April 2022 Corporate Presentation – Canadian Natural Resources (CNRL) – slide 2
    Delivering Value & Growth SNAPSHOT 2022B 2021 2020 Net capital expenditures (C millions)(1) 4,345 3,483 2,701 Annualized dividend (C/share)(2) 3.00 2.00 1.70 Production (annual average, before royalties) Natural gas (MMcf/d) 1,980 -…
  3. April 2022 Corporate Presentation – Canadian Natural Resources (CNRL) – slide 3
    Corporate Presentation April 2022 Our Strategy Flexible capital allocation to maximize value Strong Balance Sheet supporting investment grade credit ratings Defined growth/value enhancement plans by product/basin Diverse,…
  4. April 2022 Corporate Presentation – Canadian Natural Resources (CNRL) – slide 4
    Corporate Presentation April 2022 Canadian Natural Operational Excellence Area knowledge, extensive infrastructure and operatorship Top tier effectiveness and efficiency Strong history of capturing margin growth opportunities…
  5. April 2022 Corporate Presentation – Canadian Natural Resources (CNRL) – slide 5
    Corporate Presentation April 2022 Canadian Natural Asset Base Drives Long-Term Value 2020 Quickly & Low 6% Leading 13% dividend prudently Maintained maintenance Production free cash flow increase managed debt levels capital…
  6. April 2022 Corporate Presentation – Canadian Natural Resources (CNRL) – slide 6
    Corporate Presentation April 2022 Canadian Natural Balanced, Diverse Portfolio Balanced, diverse production mix North Sea Long Life Low Decline production 78% of liquids North America International Brent exposure Vast,…
  7. April 2022 Corporate Presentation – Canadian Natural Resources (CNRL) – slide 7
    Corporate Presentation April 2022 Canadian Naturals Advantage Low Corporate Decline Rate 2022B BOE Production Mix Oil Sands Mining Long Life & Upgrading Low Decline 0% Decline Production 58% Pelican & Thermal 13% Decline…
  8. April 2022 Corporate Presentation – Canadian Natural Resources (CNRL) – slide 8
    Corporate Presentation April 2022 Canadian Natural 2022 Budget Capital Expenditures ( millions)(1) 2021 2022B Base Capital 3,480 3,645 Strategic Growth Capital - 700 Total Capital 3,480 4,345 Targeted Production 2021 2022B %…
  9. April 2022 Corporate Presentation – Canadian Natural Resources (CNRL) – slide 9
    Corporate Presentation April 2022 2022 Capital Budget Thermal In Situ Mid-, & Long-Term Growth Thermal In Situ (mid- & long-term growth) ( millions) Targeted Opportunity Base Capital 340 Sustains safe & reliable base production…
  10. April 2022 Corporate Presentation – Canadian Natural Resources (CNRL) – slide 10
    Corporate Presentation April 2022 2022 Capital Budget Drilling Program Net producer wells 2021 2022B Natural Gas wells 49 54 Crude Oil wells Primary Heavy 94 161 Pelican Lake 10 - Light 32 29 International 5.9 - Total…
  11. April 2022 Corporate Presentation – Canadian Natural Resources (CNRL) – slide 11
    Corporate Presentation April 2022 Financial Strength Canadian Natural Asset Base Supports Strong Financial Position Increased dividend Implemented Achieved net Significant twice in 2021 Accelerated Long-term free cash…
  12. April 2022 Corporate Presentation – Canadian Natural Resources (CNRL) – slide 12
    Corporate Presentation April 2022 Long-Term Dividend Growth vs. Global Peers 10 Year CAGR (% CAGR) 25% Leading long-term dividend growth Maintained dividend in low commodity price period while 20% others cut sustainable…
  13. April 2022 Corporate Presentation – Canadian Natural Resources (CNRL) – slide 13
    Corporate Presentation April 2022 Canadian Natural Free Cash Flow Allocation Policy Adjusted Funds Flow Less: Base Capital Expenditures Less: Dividends 50% Free Cash Flow 50% Balance Sheet Value Growth Shareholders…
  14. April 2022 Corporate Presentation – Canadian Natural Resources (CNRL) – slide 14
    Corporate Presentation April 2022 Canadian Natural Production per Share Growth (BOE production/share) 0.44 0.42 0.40 0.38 0.36 0.34 0.32 2019 2020 2021 2022B Capital* 3.9 2.7 3.5 4.3 ( billions) *Capital excludes…
  15. April 2022 Corporate Presentation – Canadian Natural Resources (CNRL) – slide 15
    Corporate Presentation April 2022 Canadian Natural Balance Sheet Strength Debt/Cash Flow(1) (x) 5.0 Strengthening metrics through the cycle 4.0 4.1x Prudent free cash flow allocation Priority towards debt repayment 3.0…
  16. April 2022 Corporate Presentation – Canadian Natural Resources (CNRL) – slide 16
    Corporate Presentation April 2022 Canadian Natural Balanced Credit Facility Profile Revolving Credit Facilities (C millions) Fully Drawn Term Credit Facilities(3) (C millions) June 2024(1)(3) 2,495 February 2023 1,150 June…
  17. April 2022 Corporate Presentation – Canadian Natural Resources (CNRL) – slide 17
    Corporate Presentation April 2022 Canadian Natural Advantages Summary World class asset base 77% of reserves are Long Life Low Decline(1) 78% of total liquids production in 2022B(2) Includes no decline, high value net SCO…
  18. April 2022 Corporate Presentation – Canadian Natural Resources (CNRL) – slide 18
    Corporate Presentation April 2022 Natural Gas, Light Crude Oil & NGLs Core Area Summary Large, Canadian, natural gas producer 2021 annual production of 1,695 MMcf/d 2022B 1,980 MMcf/d - 2,030 MMcf/d Targeting 54 natural gas…
  19. April 2022 Corporate Presentation – Canadian Natural Resources (CNRL) – slide 19
    Corporate Presentation April 2022 Natural Gas, Light Crude Oil & NGLs Infrastructure Advantage Extensive owned and controlled infrastructure Umbach Drives costs lower Strategic infrastructure proximal to liquids rich…
  20. April 2022 Corporate Presentation – Canadian Natural Resources (CNRL) – slide 20
    Corporate Presentation April 2022 Technology & Innovation Heavy Crude Oil Horizontal Multilateral & Fishbone Wells Multilateral & Fishbone Multilateral technology unlocks multi-year low-risk development opportunities Benefits:…
  21. April 2022 Corporate Presentation – Canadian Natural Resources (CNRL) – slide 21
    Corporate Presentation April 2022 Thermal In Situ Oil Sands Primrose / Wolf Lake Overview Total facility capacity 140,000 bbl/d Leverage annual unutilized facility capacity of 70,000 bbl/d Primrose North Future pad adds capital…
  22. April 2022 Corporate Presentation – Canadian Natural Resources (CNRL) – slide 22
    Corporate Presentation April 2022 Technology & Innovation Solvents Reducing GHG Emissions Through Steam Efficiencies Co-injecting solvent with steam Kirby South is currently piloting solvent SAGD SOR and GHG intensity reduction…
  23. April 2022 Corporate Presentation – Canadian Natural Resources (CNRL) – slide 23
    Corporate Presentation April 2022 Oil Sands Mining & Upgrading (contd) Horizon 2022B targeted activities Sustain safe and reliable base production CNQ Operating Oil Sands Mines Advancing reliability enhancement project CNQ…
  24. April 2022 Corporate Presentation – Canadian Natural Resources (CNRL) – slide 24
    Corporate Presentation April 2022 Oil Sands Mining & Upgrading Operating Costs (/bbl) 45 40 Over a 50% reduction in operating costs 35 30 Equates to a 3.7 billion reduction in annual 25 operating costs in 2021 20 15…
  25. April 2022 Corporate Presentation – Canadian Natural Resources (CNRL) – slide 25
    Corporate Presentation April 2022 Environmental, Social & Governance Canadian Natural Environmental Achievements Reporting aligned with recommendations from the Task Force on Climate-related Financial Disclosures and the…
  26. April 2022 Corporate Presentation – Canadian Natural Resources (CNRL) – slide 26
    Corporate Presentation April 2022 Strong Commitment to Improving Performance New Environmental Targets 2021 50% in E&P methane emissions by 2030 from 2016 baseline Reduction 40% in in-situ fresh water intensity Reduction…
  27. April 2022 Corporate Presentation – Canadian Natural Resources (CNRL) – slide 27
    Corporate Presentation April 2022 Canadian Natural Has Delivered Advancing Innovation Recognize the need to reduce GHG emissions 3.9 billion Leverage technology and Canadian ingenuity Invested in Research & Development*…
  28. April 2022 Corporate Presentation – Canadian Natural Resources (CNRL) – slide 28
    Corporate Presentation April 2022 Leading Canadian Oil Sands Intensity GHG Emissions Intensity (kgCO2/bbl) 80 70 60 50 35% 40 Lower than total peer upstream scope 1 average 30 20 10 0 Total Peer Oil Sands Total…
  29. April 2022 Corporate Presentation – Canadian Natural Resources (CNRL) – slide 29
    Corporate Presentation April 2022 Technology & Innovation Journey to Net Zero Current Actions Medium-Term Actions Long-Term Actions IPEP demonstration plant IPEP commercialization Carbon capture and Solvent EOR pilots Solvent…
  30. April 2022 Corporate Presentation – Canadian Natural Resources (CNRL) – slide 30
    Corporate Presentation April 2022 Industry Leading Safety Performance (Per 200,000 Hours) 0.75 25% 0.50 TRIF reduction vs 2019 58% 0.25 TRIF reduction vs 2016 0.00 2016 2017 2018 2019 2020 Total Recordable Injury…
  31. April 2022 Corporate Presentation – Canadian Natural Resources (CNRL) – slide 31
    Corporate Presentation April 2022 Governance Risk Assessment & Mitigation Strong track record of identifying, assessing, adapting, aligning and executing Board of Directors as well as Board Governance and Risk Committees Review…
  32. April 2022 Corporate Presentation – Canadian Natural Resources (CNRL) – slide 32
    Corporate Presentation April 2022 The Strength of Canadian Naturals Business Model Leaders in ESG performance Advantaged assets Long life low decline assets Effective and efficient operations Leverage technology, innovation and…
  33. April 2022 Corporate Presentation – Canadian Natural Resources (CNRL) – slide 33
    Advisory Special Note Regarding Forward-Looking Statements Certain statements relating to Canadian Natural Resources Limited (the Company) in this document or documents incorporated herein by Certain statements relating to Canadian…
  34. April 2022 Corporate Presentation – Canadian Natural Resources (CNRL) – slide 34
    Advisory Special Note Regarding Currency, Financial Information and Production This presentation should be read in conjunction with the Company's unaudited interim consolidated financial statements (the financial statements) for the…
  35. April 2022 Corporate Presentation – Canadian Natural Resources (CNRL) – slide 35
    Advisory Pricing Assumptions 2022B 2021 Strip US WTI/bbl 70.00 67.96 C AECO/GJ 3.25 3.38 SCO Diff/(Prem) US/bbl 2.11 1.60 WCS Differential US/bbl 14.00 13.04 FX 1.00 US = X C 1.28 1.25 Glossary of Terms AECO Alberta Energy…
  36. April 2022 Corporate Presentation – Canadian Natural Resources (CNRL) – slide 36
    Advisory Capital Budget Capital budget is a forward looking non-GAAP financial measure. The capital budget is based on net capital expenditures (Non- GAAP Financial Measure) and excludes net property acquisition costs. Refer to the…
  37. April 2022 Corporate Presentation – Canadian Natural Resources (CNRL) – slide 37
    Advisory Reserves Notes: 1. Company Gross reserves are working interest share before deduction of royalties and excluding any royalty interests. 2. Information in the reserves data tables may not add due to rounding. BOE values and oil…
  38. April 2022 Corporate Presentation – Canadian Natural Resources (CNRL) – slide 38
    Key Historic Data Operational & Financial Information 2021 2020 2019 2018 2017 Daily production, before royalties Crude oil and NGLs (Mbbl/d) 952 918 850 821 685 Natural gas (MMcf/d) 1,695 1,477 1,491 1,548 1,662 Barrels of oil…
  39. April 2022 Corporate Presentation – Canadian Natural Resources (CNRL) – slide 39
    Tim McKay Trevor Cassidy Scott Stauth Mark Stainthorpe President Chief Operating Officer, Chief Operating Officer, Chief Financial Officer and Exploration and Oil Sands Senior Vice-President, Production Finance Jason Popko Lance…

From the store

Browse maps, data & reports in the Shale Experts store