April 2022 Investor Presentation – Arc Resources Ltd.

Arc Resources Ltd. · Apr 1, 2022 · 33 slides

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Slides

ARC Resources Ltd. Investor Presentation April 2022
ARC Is the Largest Pure-play Montney Producer Shares outstanding1 694 million 1 Market capitalization 8.0 billion 1 Long-term debt 1.7 billion 12 Net debt 1.8 billion 1 Enterprise value 9.8 billion Quarterly dividend 0.10/share…
ARCs Long-term Strategy Scale in Capital World-class Assets Discipline Profitable Returns Operational Balance Sheet Excellence with Low Strength Costs & Emissions ARCs focus is on long-term profitability and shareholder…
Why Invest in ARC Top-tier People and Profitable Assets Multi-decade inventory of world-class assets supported by company-owned infrastructure and managed by a talented team Financial Strength Investment-grade credit rating and…
2021 in Review Returns to shareholders Strengthened business Operational excellence Increased quarterly dividend by 67% to 0.10/share1 Strengthened investment-grade Surpassed 8 years without an financial position employee lost-time…
Successful Integration of Seven Generations Kakwa drilling and completions costs Synergies from Seven Generations acquisition millions per well millions 7.0 190 million 6.5 160 million 110 million 6.0 16% Reduction…
2022 Plan
Capital Allocation Priorities Returning 50% to 80% of free funds flow1 Return of capital measures Sustainable Dividend Growth Dividend is the core return mechanism US80/bbl WTI Designed to grow with profits and not be reduced…
2022 Guidance Capital Expenditures & Production Attachie 25MM 2,500 boe/day Ante Creek 70MM 17 wells Greater Dawson 19,000 boe/day 230MM - 250MM 37 wells 96,000 boe/day Kakwa 600MM - 700MM 67 wells Sunrise 180,000 boe/day…
2022 Guidance 2022 2022 Revised Guidance Guidance Production Crude oil (bbl/day) 7,000 - 9,000 7,000 - 9,000 Condensate (bbl/day) 72,000 - 78,000 72,000 - 78,000 Crude oil and condensate (bbl/day) 79,000 - 87,000 79,000 - 87,000…
Strong Financial Position 2022 forecasted net debt sensitivities1 2 3 Long-term notes repayment schedule billions, ratio Cdn millions 2.0 2.0 600 1.5 1.5 450 1.0 1.0 300 0.5 0.5 150 0.0 0.0 0 US40/bbl WTI & US60/bbl WTI &…
Long-term Corporate Profitability Return on average capital employed1 30% 18% 15% 0% (15%) (30%) 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019…
Natural Gas Marketing Strategy Natural gas sales exposure1 2022 natural gas sales exposure Dawn 9% 8% 8% 8% Malin 12% 11% 11% 11% Henry Hub 10% 10% 10% 11% Dawn Floating 27% 24% 23% Malin Floating Midwest US Henry Hub Floating…
Canadian Condensate Market Crude oil and condensate pricing1 WCSB condensate supply and demand2 US/bbl Mbbl/day 100 1,000 75 750 50 500 25 250 0 0 2017 2018 2019 2020 2021 2017 2018 2019 2020 2021 2022F 2023F 2024F…
ARCs ESG Excellence Global oil and gas companies relative ESG rankings1 2 64 ARC Social and Governance Score 58 Africa Asia Canada 52 Europe Latin America Middle East Russia 46 United States 40 38 46 54 62 70…
Reducing Emissions through Facility Electrification Northeast BC infrastructure Absolute GHG emissions reduction1 tC02e, boe/day 1,000,000 180,000 875,000 160,000 Attachie Tower 750,000 140,000 Septimus 625,000 120,000…
ARCs Leading Emissions Profile Comparative 2020 GHG emissions intensity1 2 Emissions-reduction targets tCO2e/boe relative to 2019 baseline3 0.08 Reduce Scope 1 & 2 emissions intensity by 20% by 2025 0.06 0.04 Reduce absolute…
Asset Overview
ARCs Resource and Scalability Potential Depth of inventory number of drilling locations1 2,000 1,500 1,000 500 0 Attachie Kakwa Greater Dawson Sundown Ante Creek Sunrise Septimus 2P Booked Locations Internal Inventory…
Record Reserves Growth Proved developed producing reserves1 MMboe 600 503 MMboe 450 300 268 MMboe 150 0 Year-end 2020 Organic Reserves Production A&D Kakwa Kakwa Organic Kakwa Year-end 2021 Growth Acquisition…
Greater Dawson Overview Snapshot Land position1 Production2 150,300 net acres 94 Mboe/day 97% W.I. 19% crude oil and liquids Tower Phase I & II Gas Plants Phase III & IV Parkland Gas Plants PDP Reserves3 2022 objective Phase…
Sunrise Overview Snapshot Land position1 Production2 22,700 net acres 292 MMcf/day 100% W.I. 100% natural gas Phase I & II Gas Plants PDP Reserves3 2022 objective 74 MMboe Expand Sunrise Phase I & II by 80 MMcf/day to grow…
Kakwa Overview Snapshot Gold Creek Gas Plant Land position1 Production2 Cutbank 237,400 net acres 178 Mboe/day Gas Plant 99% W.I. 57% crude oil and liquids Karr Facility Lator Gas Plant PDP Reserves3 2022 objective Pembina…
Ante Creek Overview Snapshot Land position1 Production2 118,500 net acres 19 Mboe/day 2-26 Gas Plant 100% W.I. 46% crude oil and liquids 10-7 Gas Plant PDP Reserves3 2022 objective 10-36 Gas Plant 23 MMboe Leverage 2020…
Attachie Overview Snapshot Land position1 Pilot production2 203,200 net acres 4 Mboe/day 100% W.I. 52% crude oil and liquids Phase I PDP Reserves3 Gas Plant 4-20 2022 objective Battery 5 MMboe Invest in long-lead items to…
Attachie West Phase I Project overview Forecasted cash flow profile Processing capacity 600,000,000 60,000.000 Total 40 Mboe/day 400,000,000 40,000.000 Condensate and NGLs 25 Mbbl/day Natural gas 90 MMcf/day 200,000,000…
Appendix
Cash Flow Protection Crude oil and condensate production hedged1 Natural gas production hedged1 Mbbl/day, % MMBtu/day, % 40 48% 480,000 48% 30 36% 360,000 36% 20 24% 240,000 24% 10 12% 120,000 12% 0 0% 0 0% 2022 2023…
Risk Management Contracts Positions 12 As at December 31, 2021 2022 2023 2024 2025 Crude Oil WTI US/bbl bbl/day US/bbl bbl/day US/bbl bbl/day US/bbl bbl/day Ceiling 59.90 25,767 62.35 12,000 55.82 1,243 - - Floor 49.24 25,767 51.25…
Historical Performance Production Net debt to FFO Dividends1 Mboe/day billions, ratio billions, % of FFO 360 2.5 2.5 8 120% 2.0 2.0 270 6 90% 1.5 1.5 180 4 60% 1.0 1.0 90 2 30% 0.5 0.5 0 0.0 0.0 0 0% 1996 1997…
1 ESG Recognitions and Rankings Member of MSCI Global Sustainability Index Member of Sustainalytics Jantzi Social Index MSCI ESG Rating: AAA Voluntary participant since 2007 2020 Climate Change Score: A- Member of FTSE Russells…
Advisory Statements
Investor Relations Contacts Dale Lewko Martha Wilmot Manager, Capital Markets Senior Investor Relations Advisor 403.503.8696 403.509.7280 DLewkoarcresources.com MWilmotarcresources.com General Investor Relations Enquiries…

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