Laredo Petroleum (NYSE: LPI) Pure-Play Permian Energy Producer Company Snapshot Acreage Footprint Enterprise Value Dawson Borden Net Acres Years of Inventory2 Q1-22A Production Market Capitalization1 TX 2.5 Billion Howard…
Strong Value Creation Built on Disciplined Strategy Shifting Value to Shareholders through Debt Reduction 2.5B Total Enterprise Value, B 2.5B 300 million of 1.0 1.3 FREE CASH FLOW1 debt reduction Debt 2023+ Debt 2019 - 2021…
Low Breakeven Oil Inventory Underpins Sustainable Free Cash Flow Generation 8 Years of Inventory1 Development Focus Areas Assumes: Current activity pace Low-risk, operated only Current development…
Howard County Inventory and Well Performance Howard - Key Stats and Acreage Position Highlights 2022 development program entirely focused on Howard County Net Acres 33,000 Borden Consolidated acreage position facilitates drilling of…
W. Glasscock County Inventory and Well Performance W. Glasscock - Key Stats and Acreage Position Highlights Completed a 10-well package in 4Q-21, including two Wolfcamp Net Acres 33,000 D appraisal wells Q1-22A Net Production…
Disciplined, Efficient Capital Program Maintains Prior Year Activity Levels 2022E Capital Program 2022E Operated Turn-in-Line Well Count FY-22 Guidance Capital Expenditures by Category 18 Capital Expenditures (MM) 550 15 15 4% 7%…
Free Cash Flow Supports Debt Reduction Net Debt to Consolidated EBITDAX2,3 2.7x 2022 Debt Reduction Target Current Liquidity1 300 million 1.01 billion 2.1x 1.5x 3Q-22E Net Debt to 1Q-23E Net Debt to 1.0x Consolidated…
Systematic Plan to Achieve Emissions Reductions Targets for 2025 Zero…
Corporate and Community Responsibility Diversity and Inclusion Efforts1 EEO-1 Data 27% 26% 61% 56% Disclosed in Companys 2021 ESG & Climate Risk Report Women in Minorities in Women and/or Female and Workforce Workforce…
Appendix
2Q-22 & FY-22 GUIDANCE Guidance Commodity Prices Used for 2Q-22 2Q-22 FY-22 Apr-22 May-22 Jun-22 2Q-22 Avg. Production: - - Crude Oil: - - - - Total Production (MBOE/D) 85.0 88.0 82.0 86.0 WTI NYMEX (/BBO) 101.64 104.19 102.25…
Active Hedge Program to Protect Free Cash Flow Crude Oil Hedge Book1 (Volume in MBO; Price in /BBO) Q2-22 Q3-22 Q4-22 BAL-22 Q1-23 Q2-23 Q3-23 Q4-23 FY-23 Brent Swaps 1,028 1,040 1,040 3,108 - - - - - WTD Price 48.34 48.34 48.34 48.34…
Oil Reserve Growth Driven by Strategic Portfolio Repositioning PV-103 Reserve Value Sensitivity - MM1 Highlights 5,398 Proved reserves PV-103 improved by 260% versus YE-20 4,649 Strategic acquisitions increased oil reserves by 65…
Supplemental Non-GAAP Financial Measures Consolidated EBITDAX (Unaudited) Consolidated EBITDAX is a non-GAAP financial measure defined in the Companys Senior Secured Credit Facility as net income or loss (GAAP) plus adjustments for…
Supplemental Non-GAAP Financial Measures PV-10 (Unaudited) PV-10 is a non-GAAP financial measure that is derived from the standardized measure of discounted future net cash flows, which is the most directly comparable GAAP financial…
Supplemental Non-GAAP Financial Measures Net Debt (Unaudited) Net Debt, a non-GAAP financial measure, is calculated as the face value of long-term debt plus any outstanding letters of credit, less cash and cash equivalents. Management…
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