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April 2022 Corporate Presentation – Crescent Point Energy Corp.

Crescent Point Energy Corp. · Apr 1, 2022 · 32 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 – Crescent Point Energy Corp. – slide 1
    CORPORATE PRESENTATION April 2022 Corporate Presentation CRESCENT POINT CRESCENT POINT Bringing Energy To Our World - The Right Way
  2. April 2022 Corporate Presentation – Crescent Point Energy Corp. – slide 2
    Asset Overview Characteristics CORPORATE PRESENTATION High rate of return & quick payout wells Top quartile netbacks Liquids weighted asset base Central Alberta Southeast Low risk drilling inventory Saskatchewan Long…
  3. April 2022 Corporate Presentation – Crescent Point Energy Corp. – slide 3
    Differentiated Asset Base Generates Significant Excess Cash Flow Liquids Weighted Asset Base Top Quartile Operating Netback 2022E Liquids Weighting 2022E Operating Netback CORPORATE PRESENTATION 100% 100.00 75% 75.00 /…
  4. April 2022 Corporate Presentation – Crescent Point Energy Corp. – slide 4
    2021 Highlights & 2022 Outlook CORPORATE PRESENTATION Disciplined 2022E budget to generate Increased PDP NAV/share 15%, Operational momentum in the 1.1-1.3B of excess cash flow; excluding YoY changes in pricing Kaybob Duvernay with…
  5. April 2022 Corporate Presentation – Crescent Point Energy Corp. – slide 5
    Disciplined 2022 Capital Expenditures Budget Production guidance of 133,000 - 137,000 boe/d CORPORATE PRESENTATION Incorporates impact of strong operational performance, primarily driven in the Kaybob Duvernay Disciplined capital…
  6. April 2022 Corporate Presentation – Crescent Point Energy Corp. – slide 6
    2022 Cash Flow Sensitivity & Allocation 850MM - 1.1B of available funds in 2022 (at US80 US100 WTI) after dividends and planned CORPORATE PRESENTATION share repurchases for further debt reduction, return of capital to shareholders…
  7. April 2022 Corporate Presentation – Crescent Point Energy Corp. – slide 7
    Significant Tax Pools Enhance Excess Cash Flow CORPORATE PRESENTATION Consolidated Tax Pools 2023E Cash Taxes Billions CAD % of Before Tax Cash Flow 15% 0.6 2.0 10% 10B CRESCENT POINT 5.0 2.2 5% NCLs 0%…
  8. April 2022 Corporate Presentation – Crescent Point Energy Corp. – slide 8
    5 Year Outlook (2022 2026) Cumulative 5 Year Excess Cash Flow CORPORATE PRESENTATION (After Tax) Annual average production in the 6.0 133,000 137,000 boe/d range 4.0 Annual development capital Billions CAD…
  9. April 2022 Corporate Presentation – Crescent Point Energy Corp. – slide 9
    Returns Based Capital Allocation Framework & Excess Cash Flow Priorities CORPORATE PRESENTATION ASSET LEVEL CORPORATE LEVEL Funds Flow (Maximize with a cost discipline) Base Plan Risk Adjusted Returns and Value Added (Well &…
  10. April 2022 Corporate Presentation – Crescent Point Energy Corp. – slide 10
    Increasing Shareholder Returns Reducing Net Debt Return of Capital to Shareholders 2022E Base Dividend Payout CORPORATE PRESENTATION 3.0 300 20% On track to achieve near-term leverage Increasing return of capital offering as…
  11. April 2022 Corporate Presentation – Crescent Point Energy Corp. – slide 11
    Optimizing Portfolio Based on Key Asset Criteria CPGs Optimal Portfolio Targeting a portfolio of high-return assets including: CORPORATE PRESENTATION Excess Cash Flow i. Organic diversified growth Generating Assets (Primary)…
  12. April 2022 Corporate Presentation – Crescent Point Energy Corp. – slide 12
    Kaybob Duvernay Execution Cost Reductions Strong Production Results Total Well Costs IP30 Rates for First Three Pads CORPORATE PRESENTATION Initial savings despite utilizing larger frac design to increase EURs; targeting further…
  13. April 2022 Corporate Presentation – Crescent Point Energy Corp. – slide 13
    Principles for Success Management execution and initiatives centered on balance sheet strength and sustainability CORPORATE PRESENTATION CRESCENT POINT Strategic initiatives supported by strong ESG focus 13 ESG: Environmental,…
  14. April 2022 Corporate Presentation – Crescent Point Energy Corp. – slide 14
    Strategy & Focus CORPORATE PRESENTATION Risk-Adjusted Returns Concentrated in low-risk, high-return assets Capital Discipline Returns-based capital allocation framework Balance Sheet Strength Improving leverage profile…
  15. April 2022 Corporate Presentation – Crescent Point Energy Corp. – slide 15
    Strong ESG Practices CORPORATE PRESENTATION Environment Social & Safety Governance Targeting 50% reduction in emissions intensity Safety-centric culture resulting in Diverse, independent, experienced and highly and 70% reduction…
  16. April 2022 Corporate Presentation – Crescent Point Energy Corp. – slide 16
    Our Purpose CORPORATE PRESENTATION Bringing Energy To Our World CRESCENT POINT The Right Way 16
  17. April 2022 Corporate Presentation – Crescent Point Energy Corp. – slide 17
    CRESCENT POINT CORPORATE PRESENTATION Appendix October 2018
  18. April 2022 Corporate Presentation – Crescent Point Energy Corp. – slide 18
    Capital Markets Summary & Guidance Capital Markets Summary 2022 Guidance CORPORATE PRESENTATION CPG (TSX and NYSE) Trading Price (Mar. 31, 2022) C9.06 (TSX), US7.25 (NYSE) Annual Avg. Production (mboe/d)(1) 133 137 Shares…
  19. April 2022 Corporate Presentation – Crescent Point Energy Corp. – slide 19
    Hedging Strategy Protects Excess Cash Flow Generation Hedging Summary CORPORATE PRESENTATION 60,000 50% 50% 50% 50% Hedge Volume (bbl/d) 40,000 20,000 20% CRESCENT POINT - Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023…
  20. April 2022 Corporate Presentation – Crescent Point Energy Corp. – slide 20
    Significant Financial Flexibility & Liquidity CORPORATE PRESENTATION Senior Note Maturity Schedule 1,500 Maturities funded within excess flow generation and significant liquidity Fully repaid 670MM of debt to acquire Kaybob…
  21. April 2022 Corporate Presentation – Crescent Point Energy Corp. – slide 21
    Operational Excellence & Continuous Improvement Experienced Operator Knowledge Transfer and Innovation Top 10 North American operators Continued reduction in drilling & completions costs Hz Wells Drilled & Completed CORPORATE…
  22. April 2022 Corporate Presentation – Crescent Point Energy Corp. – slide 22
    Commitment to Environmental Stewardship Increased target for emissions intensity reduction to 50% by 2025, including a 70% reduction in methane emissions CORPORATE PRESENTATION On track to meet or exceed existing targets before…
  23. April 2022 Corporate Presentation – Crescent Point Energy Corp. – slide 23
    Disciplined Commitment to Decline Mitigation 25% of corporate oil production currently under waterflood, declining at 5% CORPORATE PRESENTATION Planning to convert 135 producing wells to water injection wells in 2022 Only half of…
  24. April 2022 Corporate Presentation – Crescent Point Energy Corp. – slide 24
    Kaybob Duvernay Low-risk, delineated play in the heart of condensate rich fairway CORPORATE PRESENTATION Largest allocation in 2022 budget given competitive economics, strong initial operational results and production growth…
  25. April 2022 Corporate Presentation – Crescent Point Energy Corp. – slide 25
    Viewfield Strong excess cash flow generation driven by high netback and low decline asset base CORPORATE PRESENTATION Strong waterflood response in direct offset production with opportunity for further development SK Reducing…
  26. April 2022 Corporate Presentation – Crescent Point Energy Corp. – slide 26
    Shaunavon Low-risk and multi-zone asset base continues to generate strong excess cash flow CORPORATE PRESENTATION Significant decline mitigation opportunities with strong full-cycle returns Advancing waterflood program and polymer…
  27. April 2022 Corporate Presentation – Crescent Point Energy Corp. – slide 27
    Flat Lake Continue to focus on 2-mile horizontal development of Torquay zone CORPORATE PRESENTATION Advancing decline mitigation program within Ratcliffe zone following strong waterflood response to-date Reducing emissions…
  28. April 2022 Corporate Presentation – Crescent Point Energy Corp. – slide 28
    North Dakota High-impact wells with competitive full-cycle returns and repeatability CORPORATE PRESENTATION 10 years of experience in the play with a track record of well cost reductions Maximizing efficiencies through multi-well…
  29. April 2022 Corporate Presentation – Crescent Point Energy Corp. – slide 29
    Board of Directors (1, 2) Barbara Munroe Ted Goldthorpe Chair of the Board Financial professional and Managing Partner in charge of the Global Credit CORPORATE PRESENTATION More than 25 years of legal experience and industry…
  30. April 2022 Corporate Presentation – Crescent Point Energy Corp. – slide 30
    Reserves and Drilling Data At the time of the acquisition, the Company retained McDaniel to evaluate the reserves associated with, and prepare a reserves report (the McDaniel Report) on the Kaybob Duvernay assets (the Assets). The…
  31. April 2022 Corporate Presentation – Crescent Point Energy Corp. – slide 31
    Reserves and Drilling Data Notice to US Readers CORPORATE PRESENTATION The oil and natural gas reserves contained in this presentation have generally been prepared in accordance with Canadian disclosure standards, which are not…
  32. April 2022 Corporate Presentation – Crescent Point Energy Corp. – slide 32
    CORPORATE PRESENTATION Crescent Point Energy Corp. Suite 2000, 585 8th Ave SW Calgary, AB T2P 1G1 Investor Relations (403) 767-6930 CRESCENT POINT (855) 767-6923 investorcrescentpointenergy.com Other Contacts…

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