SEPTEMBER 6, 2022 Barclays CEO Energy-Power Conference
Management Introduction Will Hickey Colgate Execution Track Record Co-Chief Executive Officer Opportunistic, value-driven approach to strategic Built Core Delaware transactions Previously President, Co-CEO and Co- Founder of…
Colgate Value Creation History 1 Colgates Select A&D / Trade Partners Consistently among best results in Permian Basin New Mexico Counterparties Execution (6-mo Cumulative Boe/ft)1 20.2 20.1 Track Record 19.3 18.5 Among the 15.1…
Colgates Track Record of Delivering Consistent, Differentiated Returns P P Cash P GAAP-Based Total Shareholder Returns Returns Returns 420MM of dividends from inception to 55% IRR and 8x MOIC from initial Generated 24% Return on…
Merger of Equals Rationale for Centennial and Colgate Combined Business Uniquely Positioned to Drive Value Creation Robust free cash flow generation Positioned to deliver significant shareholder returns Differentiated asset…
Permian Resources Company Overview Largest pure-play Delaware Basin E&P company with 180,000 net acres, 40,000 net royalty acres and 157,500 Premier Delaware New Mexico Boe/d of FY 2023E production1 Eddy Basin Pure-Play E&P Scaled…
Mission Statement and Vision Our Mission: To deliver leading shareholder returns by leveraging our high- quality asset base and technical expertise to sustainably and responsibly develop our oil and natural gas resources to meet…
Differentiated Shareholder Alignment % of Total Equity Owned by CEO1,2 Permian Resources has adopted a performance-focused compensation 8% philosophy, driving differentiated shareholder alignment 7% Differentiated alignment across…
FY 2023 Preliminary Outlook FY 2023 Overview FY 2023 Preliminary Outlook Currently operating an eight-rig drilling program and expect to reduce to a seven-rig program in November Total Production Oil Production Potential to reduce…
Meaningful Cost Savings & Operational Synergies Combining Best Practices to Drive Cost Savings Tangible Synergy Realization Implementing D&C design changes to reduce Targeting 65mm of annual overall cycle times and lower well…
Return of Capital Program Overview Peer Leading Return of Capital Program Illustrative Return Mechanics 1) Base quarterly dividend of 0.05 per share (116mm annually) to be paid on an Definition ongoing basis effective immediately…
Return of Capital Program Benchmarking Base Dividend Yield (%) Robust Return of Capital with the 3.5% Resiliency to Endure Through Cycles 2.8% 2.5% 2.2% Base dividend yield of 2.5% at the top of 2.1% 2.0% 1.8% 1.7% the E&P peer…
2023 Free Cash Flow & Shareholder Return Outlook Free Cash Flow Target FY 2023 Free Cash Flow & Uses of Cash Overview Expect to generate 1.1 - 1.3bn of free cash 2.4bn flow in FY 2023 Free cash flow highly resilient to commodity…
Strong Balance Sheet Supports Business Plan and Shareholders Overview Leverage Overview Permian Resources is committed to maintaining a 0.9x strong balance sheet with significant financial flexibility < 0.9x 0.5x 1.0x Anticipate…
Commitment to ESG Excellence MINIMIZING OUR IMPACT BENEFITTING COMMUNITIES Minimizing surface disturbance through We are dedicated to making positive impacts in the comprehensive planning and reducing water usage communities where we…
Establishing the Premier Permian Pure-Play Eddy New Mexico Lea Premier asset quality and inventory depth Delaware Basin Significant operational & financial scale Winkler Disciplined, differentiated growth Culberson…
Transaction Review and Ownership Structure Ownership Structure (Basic Shares Outstanding) Transaction Review On May 19, CDEV and Colgate announced a merger of equals transaction NGP On August 29, transaction overwhelming approved…
Board of Directors Overview Sean Smith Maire Baldwin Karan Eves Steven Gray Executive Chairman Audit & Compensation Committees Audit & NESG Committees Compensation & NESG Committees Former Centennial director & CEO Former Centennial…
Management Overview Will Hickey & James Walter Co-CEOs Kathleen Phillips Matt Garrison Robert Shannon George Glyphis John Bell Brandon Gaynor SVP, People Strategy & EVP, COO EVP, Corporate Services EVP, CFO EVP, General…
Loading...
