Skip to main content Q1 2022 Earnings Presentation – Centennial Resource Development | Shale Experts
Loading...
Pm

Q1 2022 Earnings Presentation – Centennial Resource Development

Centennial Resource Development · May 4, 2022 · 15 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. Q1 2022 Earnings Presentation – Centennial Resource Development – slide 1
    MAY 4, 2022 1) Footer(s) First Quarter 2022 Earnings Presentation 1
  2. Q1 2022 Earnings Presentation – Centennial Resource Development – slide 2
    Company Overview Northern Delaware Basin Southern Delaware Basin Generating significant FCF with strong NM: 24,700 TX: 48,900 oil production growth profile net acres net acres Ward Strong balance sheet with low leverage and…
  3. Q1 2022 Earnings Presentation – Centennial Resource Development – slide 3
    Q122 Company Highlights Generated record free cash flow of 89 million Expect quarterly FCF growth throughout 20221 Fully repaid all outstanding borrowings under the credit facility 50mm of cash on hand at March 31st Production and…
  4. Q1 2022 Earnings Presentation – Centennial Resource Development – slide 4
    2022 Game Plan DIFFERENTIATED STRATEGY Deliver 10-15%1 crude oil production growth Two-year oil production CAGR of 10%1 Generate 550mm in FCF2 Represents 25% FCF yield Reduce Net Debt / LTM…
  5. Q1 2022 Earnings Presentation – Centennial Resource Development – slide 5
    Continued Operational Efficiencies COMPLETIONS Stages Completed / Day () Lateral Completed / Day (Ft.) Refinement of completion design driving further cost 8.1 savings 2,150' Brought online 6 more wells than anticipated during…
  6. Q1 2022 Earnings Presentation – Centennial Resource Development – slide 6
    Q122 Well Performance Review NM Locator Map Q1 Development Statistics 8,500 4.5 wells per 18 wells 4-month average development completed average payout 2 lateral length package across 4 zones per well2 Q1 Highlight Wells 1 1…
  7. Q1 2022 Earnings Presentation – Centennial Resource Development – slide 7
    Capital Structure & Liquidity Overview Actual CAPITAL STRUCTURE OVERVIEW (mm, unless otherwise noted) 3/31/22 RCF undrawn as of 3/31/22; 50mm of cash on hand Cash and cash equivalents 50.6 Net Debt / LTM EBITDAX of 1.1x Revolving…
  8. Q1 2022 Earnings Presentation – Centennial Resource Development – slide 8
    Hedge Position Overview OBJECTIVES Crude Oil Hedge Position Overview 15,500 Designed to provide balance Brent Collars WTI Collars 1,000 between downside protection 12,489 WTI Swaps 2,500 11,500 and upside commodity price 10,500…
  9. Q1 2022 Earnings Presentation – Centennial Resource Development – slide 9
    Investment Highlights P Top-Tier Oil FY22 oil production growth of 10-15%1 Production Growth Two-year oil production CAGR of 10%1 P Strong FCF Profile Expect to generate 550mm of FCF in FY222 & Balance Sheet Expect to achieve…
  10. Q1 2022 Earnings Presentation – Centennial Resource Development – slide 10
    Appendix 1) Footer(s) 11
  11. Q1 2022 Earnings Presentation – Centennial Resource Development – slide 11
    Quarterly Financial Results Financial Summary (mm, unless otherwise noted)1 FY 2021 FY 2022 ( in millions, unless specified) Q1 Q2 Q3 Q4 FY 2021 Q1 Average Daily Production (Boe/d) 54,202 61,647 65,121 62,649 60,939 61,359 Average…
  12. Q1 2022 Earnings Presentation – Centennial Resource Development – slide 12
    Hedge Position Overview (as of April 30, 2022) FY 2023 FY 2024 Q2 Q3 Q4 Bal. 2022 Q1 Q2 Q3 Q4 2023 Q1 2024 WTI Fixed Price Swaps Total Volume (Bbl) 1,092,000 782,000 690,000 2,564,000 225,000 227,500 92,000 92,000 636,500 -- --…
  13. Q1 2022 Earnings Presentation – Centennial Resource Development – slide 13
    Reconciliation of Adjusted EBITDAX to Net Income (Loss) Adjusted EBITDAX Reconciliation ( thousands)1 FY 2021 FY 2022 ( in thousands, unless specified) Q1 Q2 Q3 Q4 FY 2021 Q1 Net income (loss) (34,645) (25,055) 37,124 160,751…
  14. Q1 2022 Earnings Presentation – Centennial Resource Development – slide 14
    Reconciliation of Free Cash Flow to Operating Cash Flow Free Cash Flow Reconciliation ( thousands)1 Three Months Ended March 31, ( in thousands) 2022 2021 Net cash provided by operating activities 160,120 72,346 Changes in…
  15. Q1 2022 Earnings Presentation – Centennial Resource Development – slide 15
    Reconciliation of Net Debt-to-LTM EBITDAX Net Debt-to-LTM EBITDAX Reconciliation ( thousands)1 ( in thousands) March 31, 2022 December 31, 2021 Long-term debt, net 801,203 825,565 Unamortized debt discount and debt issuance…

From the store

Browse maps, data & reports in the Shale Experts store