NYSE: AMPY Amplify Energy Corp. August 2022 Investor Presentation August 3, 2022
Update on the Southern California Release Operation Update Completed temporary repair of the pipeline, and safely and successfully flushed all remaining oil from the pipeline in January 2022 On April 15th, the Company received…
Key Highlights Delivered 41 MM of Adjusted EBITDA YTD in 2022 Focused Updated full-year 2022 production and adjusted EBITDA guidance to 20.0 21.5 Mboepd and 90 Operational 120 MM, respectively Excellence1 Took gas in kind in 1Q22…
Robust, Low-Decline, Cash Generating Assets Asset Overview Asset Locator Map Diversified Production: Nearly 50/50 liquids and gas production mix (30% oil) from 5 producing basins in different areas of the U.S. mitigates regional…
Amplify Corporate ESG Profile Dramatically reducing GHG emissions by optimizing asset infrastructure Environmental No routine methane flaring Focus Mobilized over 1,800 spill response contractors to safely and expeditiously…
Illustrative FCF and Net Debt Profile 2022 2024 Cumulative FCF and Net Debt Sensitivity1,2,3,4,5,6 Net Debt - Beta Online 01/2023 Net Debt - Beta Offline Cum. FCF at Strip - Beta Offline Cum. FCF at Strip - Beta Online 01/2023 350…
Current Trading Levels Offer Attractive Entry Point Key Points 1P Reserves Summary1 1P reserve value at NYMEX strip pricing is substantially Net Total % PD PV-10 & PUD PV-201,6 (WTI / HH) Category greater than Amplify's current…
Amplify Value Proposition Sustainable free cash flow through efficiently Capital allocation focused on debt operating low-decline, high margin assets1 reduction, prudent asset reinvestment and enhancing shareholder value Mature,…
Low-Decline, Mature Producing Properties Key Points Net PDP Production Forecast (MBoe/d)2,4 Amplify's PD reserves base is expected to generate 25 substantial free cash flow over the next ten years and 20 beyond1,2 Production…
Maintaining Financial Discipline Through Cycles Key Points Free Cash Flow Over Time ( MM)1,2,3 2Q22 FCF impacted by elevated capital spending Revenue Controllable Costs Non-Controllable Costs Capex Hedging Impact FCF for incremental…
Capital Allocation Strategy Balance Sheet Improvement Capitalize on operational efficiencies to enhance margins and maximize operating cash flows Rapid deleveraging of balance sheet provides future optionality to allocate additional…
Investment Highlights Implied year-end 2021 PD equity value represents a 210% premium to current share price 1,2 Diversified Portfolio of Producing Properties Requiring Minimal Capital Established a Peer-Leading Free Cash…
Appendix NYSE: AMPY
2022 Updated Guidance and Details FY 2022E4,5 Low High Net Average Daily Production (Excludes Beta Production)4 Oil (MBbls/d) 6.1 - 6.5 NGL (MBbls/d) 3.6 - 4.0 Natural Gas (MMcf/d) 62.0 - 66.0 Total (MBoe/d) 20.0 - 21.5…
Solidified FCF Generation with Pricing Upside Key Points Oil Hedge Position1,2,3 Recently took advantage of the volatility present in the gas 75 - 85% market to improve the floor and ceilings on our collar positions in 2023 and…
Crude Hedge Detail Bal22-2023 Crude Hedge Breakdown Period Bal20221 FY2023 Strip Pricing as of 7/29/2022 95.67 86.50 Swap Total Volumes (MBbl) 342 660 Daily Volumes (Bbl/d) 1,859 1,808 W. Avg. Fixed Price (/Bbl) 48.27 57.30…
Natural Gas Hedge Detail Bal22-2023 Natural Gas Hedge Breakdown Period Bal20221 FY2023 Strip Pricing as of 7/29/2022 8.06 5.63 Swap Total Volumes (MMcf) 4,170 Daily Volumes (Mcf/d) 22,663 W. Avg. Fixed Price (/MMBtu) 2.56…
Oklahoma Overview 2Q22 Production YE 2021 PD Reserves (MBoe/d) (MMBoe) Other Amplify Assets Oklahoma Key Stats Net Acres: 95,000 acres1 WI %: 76%1 Net Production: 6.5 MBoe/d2 Liquids Mix: 49%2 PD Reserves: 35.1…
Rockies Overview 2Q22 Production YE 2021 PD Reserves (MBoe/d) (MMBoe) Amplify Leasehold Fremont Carbon Other Amplify Assets Rockies Sweetwater Key Stats Net Acres: 7,000 acres1 WI %: 100%1 Net Production: 3.4 MBoe/d2 Oil…
Southern California (Beta) Overview Federal Waters 3Q21 Production YE 2021 PD Reserves (MBoe/d) (MMBoe) Other Amplify Assets Southern California Key Stats Net Acres: 17,000 acres1 WI %: 100%1 Net Production: 3.7 MBoe/d2 Oil…
East Texas / North Louisiana Overview 2Q22 Production YE 2021 PD Reserves (MBoe/d) (MMBoe) Other Amplify Assets ETX / NLA Key Stats Net Acres: 195,000 acres1 WI %: 56%1 Net Production: 9.3 MBoe/d2 Liquids Mix: 25%2 PD…
Eagle Ford Overview 2Q22 Production YE 2021 PD Reserves (MBoe/d) (MMBoe) Other Amplify Assets Eagle Ford DeWitt Key Stats Net Acres: 800 acres1 Karnes WI %: 8%1 Net Production: 1.1 MBoe/d2 Liquids Mix: 88%2 PD Reserves:…
Reconciliation of PV-10 to Standardized Measure Amplify refers to Standardized Measure as the present value of estimated future net revenue to be generated from the production of proved reserves, determined in accordance with the rules,…
Non-GAAP Reconciliations Six Months Twelve Months Twelve Months Three Months Three Months Three Months Three Months Three Months Ended Ended Ended Ended Ended Ended Ended Ended June 30, 2022 December 31, 2021 December 31, 2020 June…
Non-GAAP Reconciliations (Contd) Six Months Twelve Months Twelve Months Three Months Three Months Three Months Three Months Three Months Ended Ended Ended Ended Ended Ended Ended Ended June 30, 2022 December 31, 2021 December 31,…
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