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May 2022 Investor Presentation – Ring Energy Inc.

Ring Energy Inc. · May 11, 2022 · 29 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. May 2022 Investor Presentation – Ring Energy Inc. – slide 1
    VALUE FOCUSED PROVEN STRATEGY www.ringenergy.com NYSE American: REI
  2. May 2022 Investor Presentation – Ring Energy Inc. – slide 2
    Ring Energy Independent Oil & Gas Company Currently Focused on Conventional Permian Assets in Texas & New Mexico Deliver competitive and sustainable returns by developing, acquiring, exploring for, and commercializing oil and natural…
  3. May 2022 Investor Presentation – Ring Energy Inc. – slide 3
    Q1 2022 Highlights Executing our Strategy Sales volumes exceeded the high end of Rings guidance range of 8,500 to 8,700 Boe/d Q1 2022 Highlights Adjusted EBITDA grew 48% over Q4 7.1 MM 12.6 1 MM Net Income Free Cash Flow Paid…
  4. May 2022 Investor Presentation – Ring Energy Inc. – slide 4
    Committed to ESG Issued Inaugural ESG Report in Q4 2021 5 www.ringenergy.com NYSE American: REI
  5. May 2022 Investor Presentation – Ring Energy Inc. – slide 5
    2022 Value Focused Proposition Proven Strategy Leads to Shareholder Value Target Growth 9,000- 9,600 Boepd (87% oil) (5-12% growth over 2021 and exposure to higher commodity prices) Pursue Operational Excellence Strategic Increase…
  6. May 2022 Investor Presentation – Ring Energy Inc. – slide 6
    Asset Areas
  7. May 2022 Investor Presentation – Ring Energy Inc. – slide 7
    San Andres Reservoir Proven, Conventional, Top Tier Returns San Delaware Midland Andres Hz Hz Hz Permian Basin has produced 30 BBbl, High ROR Oil Play San Andres accounts for 40% Low D&C Costs Low D&C costs1 2.8 - 3.8 MM per well…
  8. May 2022 Investor Presentation – Ring Energy Inc. – slide 8
    Northwest Shelf Asset Area Providing Significant Organic Growth 1Q22 Avg Sales Gross / Net Acres1 5,682 Boe/d (81% Oil) 35,810 / 26,655 1Q22 D&C 1Q22 CTRs Drilled 2 wells2 (100% WI) 4 Conversions Meaningful inventory of…
  9. May 2022 Investor Presentation – Ring Energy Inc. – slide 9
    NWS HZ Well Performance & Costs Significant Improvements Driving Top Tier Returns NWS HZ Performance Average Cum BOE vs Time (1 Mile Lateral)2,3 D&C Cost Range per Year (1 Mile Lateral)1 100,000 3.0 M BOE (85-90% Oil) 2.5 M…
  10. May 2022 Investor Presentation – Ring Energy Inc. – slide 10
    Central Basin Platform Asset Area Technical Focus Reinvigorates Legacy Area 1Q22 Avg Sales Gross / Net Acres1 2,850 Boe/d (94% Oil) 29,065 / 20,288 1Q22 D&C 1Q22 CTRs Drilled and Completed 0 Conversions 4 wells (100% WI)…
  11. May 2022 Investor Presentation – Ring Energy Inc. – slide 11
    CBP HZ Well Performance & Costs Unlocking Value - Technical Improvements to Completion and Landing Zone CBP 1.5 Mile HZ Performance Cum BO2 vs Time (2021&2022 vs Historic)3,4 100,000 Annual D&C per HZ Cost Range (1.5 Mile)1 Need…
  12. May 2022 Investor Presentation – Ring Energy Inc. – slide 12
    CTRs Significantly Reduce Operating Costs Maintains Solid PDP Reserve Base that Generates Consistent FCF Increases reserves by reducing operating & well repair Cost Savings ESP vs ROD costs and extending well life 250,000 225,000…
  13. May 2022 Investor Presentation – Ring Energy Inc. – slide 13
    Delaware Basin Asset Turnkey Asset with Predictable Cash Flow and Upside Potential Non-Core asset that can be catalyst to pay down debt and/or provide funds for potential accretive acquisition Sales process for Delaware Assets…
  14. May 2022 Investor Presentation – Ring Energy Inc. – slide 14
    Financials
  15. May 2022 Investor Presentation – Ring Energy Inc. – slide 15
    Sustainable Value Focused Results Executing Disciplined Strategy Net Sales Adjusted Net Income1 12,000 25.0 10,000 85% Oil 85% Oil 20.0 89% Oil 85% Oil 87% Oil 8,000 15.0 Boe/d 6,000 MM 22.3 8,709 9,153 8,870 10.0…
  16. May 2022 Investor Presentation – Ring Energy Inc. – slide 16
    Historical Metrics1 Quarterly Analysis of FCF MM Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Disciplined & efficient capital spending Adj EBITDA1 19.0 20.6 19.7 24.0 35.6 Capital -14.5 -11.5 -13.7 -11.3 -19.7 Interest Exp.2 -3.6 -3.5…
  17. May 2022 Investor Presentation – Ring Energy Inc. – slide 17
    Reducing Debt & Increasing Liquidity Disciplined Capital Spending & Sustainably Generating FCF is the Key RBL Balance Liquidity 400.0 80.0 375.0 360.0 70.0 71.4 300.0 313.0 60.0 61.6 305.5 300.5 295.0 290.0 280.0 56.2 50.0…
  18. May 2022 Investor Presentation – Ring Energy Inc. – slide 18
    Value Proposition 2022 and Beyond Positioned for Substantial Increase in Revenue and FCF Pivoting to Continuous, High-Return Organic Growth Pursuing Acquisition Opportunities to Increase Scale and Lower Break-Even Costs 19…
  19. May 2022 Investor Presentation – Ring Energy Inc. – slide 19
    Appendix
  20. May 2022 Investor Presentation – Ring Energy Inc. – slide 20
    2022 Guidance Grow Production, Generate FCF, Pay Down Debt Sales Volumes Q2 2022 FY 2022 Total (Boe/d) 9,000 9,400 9,000 9,600 CAPEX Allocation Oil (Bo/d) 7,700 8,100 7,800 8,350 6% Capital Spending Q2 2022 FY 2022 12% Capital…
  21. May 2022 Investor Presentation – Ring Energy Inc. – slide 21
    SEC Proved Reserves 1 Year-End 2021 Net 2 2021 SEC Pricing Net Oil, Net Gas, Net PV-10 , Reserve Category Capex, MBbl MMcf MBOE MM 1P Summary MM Oil/Bbl Gas /Mmbtu PD 36,821 39,749 43,446 31 794 63.04 3.598 PUD 29,018…
  22. May 2022 Investor Presentation – Ring Energy Inc. – slide 22
    Financial Overview 2022 Oil Hedge Summary Summary of Crude Oil Hedges 1,600,000 70.00 66.00 1,400,000 62.00 1,200,000 1,135,475 58.00 Volume (Bbls) 1,000,000 Price (/Bbl) 54.00 55.53 800,000 50.00 46.00 600,000…
  23. May 2022 Investor Presentation – Ring Energy Inc. – slide 23
    Income Statement and Operational Stats Income Statement Operational Stats 24 www.ringenergy.com NYSE American: REI
  24. May 2022 Investor Presentation – Ring Energy Inc. – slide 24
    Balance Sheet and Cash Flow Statement Balance Sheet Cash Flow Statement 25 www.ringenergy.com NYSE American: REI
  25. May 2022 Investor Presentation – Ring Energy Inc. – slide 25
    Non-GAAP Reconciliations Adjusted Net Income Free Cash Flow (Unaudited for All Periods) (Unaudited for All Periods) Three Months Ended Twelve Months Ended Three Months Ended Twelve Months Ended December 31, September 30, December 31,…
  26. May 2022 Investor Presentation – Ring Energy Inc. – slide 26
    Corporate Strategy Value Focused for Sustainable Success Attract and Retain Highly Qualified People Pursue Operational Excellence with a Sense of Urgency Invest in High-Margin, High RoR Projects Focus on FCF and Strengthen…
  27. May 2022 Investor Presentation – Ring Energy Inc. – slide 27
    Experienced Management Team Shared Vision with a Track Record of Success Add Add Add Add Add Photo Photo Photo Photo Photo Paul D. McKinney Alexander Dyes Stephen D. Brooks Travis Thomas Hollie Lamb Marinos Baghdati VP of…
  28. May 2022 Investor Presentation – Ring Energy Inc. – slide 28
    Refreshed Board of Directors Accomplished and Diversified Experience Add Photo Paul D. McKinney Anthony D. Petrelli John A. Crum Richard E. Harris Thomas L. Mitchell Regina Roesener Clayton E. Woodrum Chairman & Chief Lead…
  29. May 2022 Investor Presentation – Ring Energy Inc. – slide 29
    COMPANY CONTACT Al Petrie (281) 975-2146 apetrieringenergy.com Chris Delange (281) 975-2146 cdelangeringenergy.com ANALYST COVERAGE Alliance Global Partners (A.G.P.) Jeff Campbell (203) 577-5427 jcampbellallianceg.com Tuohy…

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