NYSE: AMPY Amplify Energy Corp. March 2022 Investor Presentation March 9, 2022
Update on the Southern California Release Response Update Unified Command concluded its response and monitoring efforts and stood down on February 2, 2022 Deployed 1,800 oil spill response contractors who worked under the direction…
Key Highlights Generated 85 MM of Adjusted EBITDA in 2021 Focused Operational Took gas in kind in 4Q21 in Oklahoma, expected to increase gas revenue by 1 2 MM annually Excellence1 2022 production guidance of 18.5 20.5 MBoepd (excludes…
Robust, Low-Decline, Cash Generating Assets Asset Overview Asset Locator Map Diversified Production: Nearly 55/45 liquids and gas production mix (40% 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 07/2022 Net Debt - Beta Offline Cum. FCF at Strip - Beta Offline Cum. FCF at Strip - Beta Online 07/2022 250…
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 25 expected to generate substantial free cash flow 20 over the next ten years and beyond1,2 15 Long-life…
Maintaining Financial Discipline Through Cycles Key Points Free Cash Flow Over Time ( MM)1,2,3 Our diversified, low- decline, PDP-heavy portfolio, paired with a Revenue Controllable Costs Non-Controllable Costs Capex Hedging Impact…
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 223% 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 Guidance and Details FY 2022E4 Low High Net Average Daily Production (Excludes Beta Production)4 Oil (MBbls/d) 5.8 - 6.4 NGL (MBbls/d) 3.3 - 3.7 Natural Gas (MMcf/d) 56.5 - 62.5 Total (MBoe/d) 18.5 - 20.5 Commodity Price…
Solidified FCF Generation with Pricing Upside Key Points Oil Hedge Position1,2,3 Amplifys NGLs, representing 90 - 100% approximately 20% of production, remain unhedged to capture upside participation in a rising commodity price…
Crude Hedge Detail 2022-2023 Crude Hedge Breakdown Period FY20221 FY2023 Strip Pricing as of 2/28/2022 86.79 76.90 Swap Total Volumes (MBbl) 768 660 Daily Volumes (Bbl/d) 2,104 1,808 W. Avg. Fixed Price (/Bbl) 49.56 57.30…
Natural Gas Hedge Detail 2022-2023 Natural Gas Hedge Breakdown Period FY20221 FY2023 Strip Pricing as of 2/28/2022 4.63 3.74 Swap Total Volumes (MMcf) 8,340 Daily Volumes (Mcf/d) 22,849 W. Avg. Fixed Price (/MMBtu) 2.56…
Oklahoma Overview 4Q21 Production YE 2021 PD Reserves (MBoe/d) (MMBoe) Other Amplify Assets Oklahoma Key Stats Net Acres: 95,000 acres1 WI %: 76%1 Net Production: 6.3 MBoe/d2 Liquids Mix: 50%2 PD Reserves: 34.8…
Rockies Overview 4Q21 Production YE 2021 PD Reserves (MBoe/d) (MMBoe) Amplify Leasehold Fremont Other Amplify Assets Rockies Carbon Key Stats Sweetwater Net Acres: 7,000 acres1 WI %: 100%1 Net Production: 3.6 MBoe/d2…
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 4Q21 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: 9.6 MBoe/d2 Liquids Mix: 25%2 PD…
Eagle Ford Overview 4Q21 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: 1.2 MBoe/d2 Liquids Mix: 85%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 Twelve Months Twelve Months Three Months Three Months Three Months Three Months Three Months Ended Ended Ended Ended Ended Ended Ended December 31, 2021 December 31, 2020 December 31, 2021 September 30,…
Non-GAAP Reconciliations (Contd) Twelve Months Twelve Months Three Months Three Months Three Months Three Months Three Months Ended Ended Ended Ended Ended Ended Ended December 31, 2021 December 31, 2020 December 31, 2021…
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