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July 2022 Corporate Presentation – Crescent Point Energy Corp.

Crescent Point Energy Corp. · Jul 1, 2022 · 30 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. July 2022 Corporate Presentation – Crescent Point Energy Corp. – slide 1
    CORPORATE PRESENTATION July 2022 Corporate Presentation CRESCENT POINT CRESCENT POINT Bringing Energy To Our World - The Right Way
  2. July 2022 Corporate Presentation – Crescent Point Energy Corp. – slide 2
    CPG At A Glance CPG (TSX and NYSE) CORPORATE PRESENTATION Market Capitalization 5.2 billion Net…
  3. July 2022 Corporate Presentation – Crescent Point Energy Corp. – slide 3
    Recent Highlights CORPORATE PRESENTATION Financial Flexibility Return of Capital Sustainability Framework CRESCENT POINT Completed non-core asset dispositions Increased quarterly dividend to Introduced target to reduce scope…
  4. July 2022 Corporate Presentation – Crescent Point Energy Corp. – slide 4
    Returns Based Capital Allocation Framework & Excess Cash Flow Priorities ASSET LEVEL CORPORATE LEVEL CORPORATE PRESENTATION Funds Flow (Maximize with a cost discipline) Base Plan Risk Adjusted Returns and Value Added (Well &…
  5. July 2022 Corporate Presentation – Crescent Point Energy Corp. – slide 5
    Return of Capital Framework CORPORATE PRESENTATION Calculating Return of Capital to Shareholders Tools Utilized for Return of Capital Funds Flow Base Dividends (-) Development Capital Expenditures & Additional Items Dividend…
  6. July 2022 Corporate Presentation – Crescent Point Energy Corp. – slide 6
    Increasing Shareholder Returns Return of Capital to Shareholders (MM) CORPORATE PRESENTATION Expect to return 430MM, including base dividends, based on expectations for H2 2022 CRESCENT POINT Q1 - Q3 2021 Q4 2021 Q1 2022 Q2…
  7. July 2022 Corporate Presentation – Crescent Point Energy Corp. – slide 7
    Focused & Disciplined 2022 Budget Capital Expenditures CORPORATE PRESENTATION 2% 19% 2022 Excess Cash Flow Generation 27% 1.4B 875 - 900MM US100 WTI 26% 26% Production CRESCENT POINT 80MM 875 - 900MM 6% 19%…
  8. July 2022 Corporate Presentation – Crescent Point Energy Corp. – slide 8
    Differentiated Asset Base Generates Significant Excess Cash Flow Top Quartile Operating Netback Attractive Royalty Regime 2022E Operating Netback 40% 2022E Royalty Rate CORPORATE PRESENTATION 100 30% 75 30% / Boe 50 20%…
  9. July 2022 Corporate Presentation – Crescent Point Energy Corp. – slide 9
    Significant Tax Pools Enhance Excess Cash Flow CORPORATE PRESENTATION Consolidated Tax Pools 2023E Cash Taxes Billions CAD % of Before Tax Cash Flow 15% 0.6 0.6 2.0 10% 10B CRESCENT POINT 5.0 4.8 2.2 2.2…
  10. July 2022 Corporate Presentation – Crescent Point Energy Corp. – slide 10
    Kaybob Duvernay Advantage Production Results From First Fully Operated Pad Cumulative Condensate Production CORPORATE PRESENTATION Significant excess cash flow generation 60,000 High netback asset with low operating expenses,…
  11. July 2022 Corporate Presentation – Crescent Point Energy Corp. – slide 11
    Kaybob Duvernay Provides Condensate Exposure WCSB Condensate Supply / Demand Balance CORPORATE PRESENTATION 1000 Canadian condensate pricing benefits from a high reliance on imported volumes from the U.S. and a strong expected…
  12. July 2022 Corporate Presentation – Crescent Point Energy Corp. – slide 12
    Principles for Success Management execution and initiatives centered on balance sheet strength and sustainability CORPORATE PRESENTATION CRESCENT POINT Strategic initiatives supported by strong ESG focus 12 ESG: Environmental,…
  13. July 2022 Corporate Presentation – Crescent Point Energy Corp. – slide 13
    Strategy & Focus CORPORATE PRESENTATION Operational Excellence Significant technical expertise as a leader in horizontal drilling and decline mitigation Capital Discipline Returns-based capital allocation framework…
  14. July 2022 Corporate Presentation – Crescent Point Energy Corp. – slide 14
    2021 ESG Highlights CORPORATE PRESENTATION Environmental Social Governance Achieved 50% reduction Achieved new 6-year low in Enhanced Board diversity including in scope 1 GHG emissions intensity Serious Incident Frequency (SIF)…
  15. July 2022 Corporate Presentation – Crescent Point Energy Corp. – slide 15
    Environmental Stewardship Targets Reinforcing commitment to environmental stewardship EMISSIONS CORPORATE PRESENTATION by setting ambitious targets to reduce emissions, freshwater use and land footprint New targets…
  16. July 2022 Corporate Presentation – Crescent Point Energy Corp. – slide 16
    Our Purpose CORPORATE PRESENTATION Bringing Energy To Our World CRESCENT POINT The Right Way 16
  17. July 2022 Corporate Presentation – Crescent Point Energy Corp. – slide 17
    CRESCENT POINT CORPORATE PRESENTATION Appendix October 2018
  18. July 2022 Corporate Presentation – Crescent Point Energy Corp. – slide 18
    Capital Markets Summary & Guidance Capital Markets Summary 2022 Guidance CPG (TSX and NYSE) CORPORATE PRESENTATION Prior Revised Trading Price (June 30, 2022) C9.15 (TSX), US7.12 (NYSE) Annual Avg. Production (mboe/d)(1) 133 137…
  19. July 2022 Corporate Presentation – Crescent Point Energy Corp. – slide 19
    Hedging Strategy Protects Excess Cash Flow Generation CORPORATE PRESENTATION 60,000 Hedging Summary 50% Hedge Volume (bbl/d) 45% 45% 40,000 20% 20% 20,000 CRESCENT POINT - Q2 2022E Q3 2022E Q4 2022E Q1 2023E Q2…
  20. July 2022 Corporate Presentation – Crescent Point Energy Corp. – slide 20
    Significant Financial Flexibility & Liquidity CORPORATE PRESENTATION Credit Capacity 750 Senior Note Maturity Schedule 2.3B Credit Facility (2025 Maturity) 1.2B of Senior Notes Outstanding 500 Millions CAD CRESCENT…
  21. July 2022 Corporate Presentation – Crescent Point Energy Corp. – slide 21
    Operational Excellence & Continuous Improvement Experienced Operator Knowledge Transfer and Innovation Top 10 North American operators Continued reduction in drilling & completions costs Hz Wells Drilled & Completed CORPORATE…
  22. July 2022 Corporate Presentation – Crescent Point Energy Corp. – slide 22
    Southeast Saskatchewan Primary development focused on Bakken, Torquay and conventional zones CORPORATE PRESENTATION SK Decline mitigation through secondary (waterflood) and tertiary (CO2 flood pilot for potential storage and/or…
  23. July 2022 Corporate Presentation – Crescent Point Energy Corp. – slide 23
    Kaybob Duvernay Low-risk, delineated play in the heart of condensate rich fairway CORPORATE PRESENTATION Largest allocation in 2022 budget given competitive economics, strong initial operational results and production growth…
  24. July 2022 Corporate Presentation – Crescent Point Energy Corp. – slide 24
    Southwest Saskatchewan Primary development focused on Lower / Upper Shaunavon and conventional zones CORPORATE PRESENTATION Secondary and tertiary development continues to expand through the advancement of water and polymer…
  25. July 2022 Corporate Presentation – Crescent Point Energy Corp. – slide 25
    North Dakota High-impact wells with competitive full-cycle returns and repeatability CORPORATE PRESENTATION 10 years of experience in the play with a track record of well cost reductions Maximizing efficiencies through multi-well…
  26. July 2022 Corporate Presentation – Crescent Point Energy Corp. – slide 26
    Board of Directors Barbara Munroe Mike Jackson 1 2 Chair of the Board More than 30 years in corporate and investment banking holding CORPORATE PRESENTATION More than 30 years of legal experience and industry diversification.…
  27. July 2022 Corporate Presentation – Crescent Point Energy Corp. – slide 27
    Definitions / Specified Financial Measures The following table reconciles cash flow from operating activities to discretionary excess cash flow: CORPORATE PRESENTATION Three months ended March 31 ( millions) 2022 2021 (1) %…
  28. July 2022 Corporate Presentation – Crescent Point Energy Corp. – slide 28
    Reserves and Drilling Data At the time of the acquisition, the Company retained McDaniel to evaluate the reserves associated with, and prepare a reserves report (the McDaniel Report) on the Kaybob Duvernay assets (the Assets). The…
  29. July 2022 Corporate Presentation – Crescent Point Energy Corp. – slide 29
    Reserves and Drilling Data Notice to US Readers CORPORATE PRESENTATION The oil and natural gas reserves contained in this presentation have generally been prepared in accordance with Canadian disclosure standards, which are not…
  30. July 2022 Corporate Presentation – Crescent Point Energy Corp. – slide 30
    CORPORATE PRESENTATION Crescent Point Energy Corp. Suite 2000, 585 8th Ave SW Calgary, AB T2P 1G1 Investor Relations (403) 767-6930 CRESCENT POINT (855) 767-6923 investorcrescentpointenergy.com Other Contacts…

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