Board of Directors - Expertise and Stewardship Professional Matador Resources Company, Matador Petroleum Corporation, Foran Oil Company Experience J. Cleo Thompson, Jr., Lawyer Oil and Gas Exploration and Development Business…
Board of Directors - Expertise and Stewardship President, CEO and Co-Founder, IPR Energy Partners, LLC Professional Executive Vice President/Engineering and Co-Founder, NP Resources, LLC Experience Former Vice President, Netherland,…
Board of Directors - Expertise and Stewardship Retired Trustee of a Private Family Trust Professional Former Vice President, Texon, L.P. Experience Former Vice President, Tripetrol Oil Trading, Inc. Finance and Accounting Business…
Shareholder Advisory Committee for Board Nominations Committee Member Professional Experience Rick H. Fenlaw - Owner, Fenlaw Land Services Co-Chair Scott E. King - Former VP, Geophysics and New Ventures, Matador Resources Company…
Recognition of Management Team June 10, 2022
Other Important Items Chris Stakem of KPMG LLP, the Companys independent registered public accounting firm is in attendance today Mr. Stakem is available to respond to any questions you may have To receive mail correspondence or…
Annual Meeting of Shareholders June 10, 2022
Summary of Proposals for Consideration at Annual Meeting Proposal 1 Election of Directors Proposal 2 Approval of the First Amendment to the Matador Resources Company 2019 Long-Term Incentive Plan Proposal 3 Approval of the Matador…
Introduction of Director Nominees Kenneth L. Stewart, Director Chair, Nominating Committee June 10, 2022
Proposal 1 Election of Directors Director Nominee Class II Director (Term Expiring at 2025 Annual Meeting of Shareholders) Retired Trustee of a Private Family Trust Professional Former Vice President, Texon, L.P. Experience Former…
Introduction of Proposals 2, 3 and 4 R. Gaines Baty, Deputy Lead Independent Director Chair, Strategic Planning and Compensation Committee June 10, 2022
Proposal 2 Approval of the First Amendment to the Matador Resources Company 2019 Long-Term Incentive Plan The Company seeks approval of the proposed First Amendment to the Matador Resources Company 2019 Long-Term Incentive Plan as…
Proposal 3 Approval of the Matador Resources Company 2022 Employee Stock Purchase Plan The Company seeks approval of the proposed Matador Resources Company 2022 Employee Stock Purchase Plan (the ESPP) The purpose of the ESPP is to…
Proposal 4 Advisory Vote on 2021 Named Executive Officer Compensation The Company seeks a non-binding advisory vote from its shareholders regarding the 2021 compensation of its Named Executive Officers as described in the Proxy…
Ratification of Public Accounting Firm William M. Byerley, Director Chair, Audit Committee June 10, 2022
Proposal 5 Ratification of the Appointment of KPMG LLP KPMG LLP (KPMG) served as the Companys independent registered public accounting firm for the fiscal year ended December 31, 2021 The Audit Committee has appointed KPMG as the…
Summary of Proposals for Consideration at Annual Meeting Proposal 1 Election of Directors Proposal 2 Approval of the First Amendment to the Matador Resources Company 2019 Long-term Incentive Plan Proposal 3 Approval of the Matador…
Chairmans Opening Remarks Joseph Wm. Foran, Founder, Chairman and CEO June 10, 2022
Celebrating 10 Years of Building Shareholder Value +28% CAGR Top 10 Ranked producer for oil and natural gas in New Mexico. Top 20 Largest E&P company +36% CAGR by market capitalization. Note: CAGR is Compounded Annual…
40 YEARS WITH APPROXIMATELY 20% ANNUAL RATE OF RETURN 1983 2003 Today Matador I Matador II Initial Capital: 270,000 Initial Capital: 6 million Sale Price: 388 million Current Market Cap: 7.9 billion(1) Note: Rate of return…
MTDR II Shares Significantly Outperforming XOP and Oil since IPO Since IPO (February 2, 2012) through June 7, 2022 close MTDR +466% MTDR all time high 66.56 *COVID19 / Saudi-Russia Oil Price War Salary cuts / No…
Consistent Growth in Proved Reserves per Share MMBOE = millions of BOE 3.00 323 2.7 BOE proved reserves per share MMBOE Oil/Gas Reserves Per Share, BOE/share 2.75 2.50 270 MMBOE 253 2.25 MMBOE 215 44% 2.00 MMBOE 1.75…
San Mateo Differentiated Midstream Asset Continues to Add Value to Matador(1) Matador owns 51% of San Mateo 180 Water 165 160 Oil 154 145 Natural Gas San Mateo's Adjusted EBITDA(2) 140 130 Natural 113 Gas 120 ( in…
Revolver Borrowings Outstanding Quarterly Results Balance Paid Down to 0 in April 2022 ( in millions) Letters of Credit Revolver Borrowings Outstanding 1,400 2,000 1,200 1,500 1,000 Borrowing Base 800 600 520 486…
In Q1 2021 Matador initiated a fixed dividend of 0.10/share per annum In Q4 2021 Matador doubled the fixed dividend to 0.20/share per annum Today, your Board is again doubling the fixed dividend to 0.40/share per annum 28
Annual Meeting of Shareholders June 10, 2022
Lead Independent Directors Remarks Timothy E. Parker, Lead Independent Director Chair, Capital Markets and Finance Committee June 10, 2022
Revolver Borrowings Outstanding Quarterly Results Balance Paid Down to 0 in April 2022 ( in millions) Letters of Credit Revolver Borrowings Outstanding 2,000 1,400 2,000 475 million repaid from end of Q3 2020 through April 2022…
Operations Report Reynald A. Baribault, Director Chair, Operations and Engineering and Prospect Committees June 10, 2022
2022 Operations Priorities and Milestones Matador Acreage TWIN LAKES ARROW HEAD RANGER Uncle Ches 2nd Bone Spring wells 125H 24-hr IP: 1,520 BOE/d (90% oil) 122H 24-hr IP: 1,380 BOE/d (91% oil) RUSTLER 9 new R. Robinson…
Continuous Improvement in Execution and Efficiency Gains Operational Improvement Spotlight: Remote Simul-Frac Remote Simul-Frac is an operation to simultaneously complete stages on multiple well pads with 1 completion crew Allows…
Recognition of Retiring Officers Matthew V. Hairford, Special Advisor to Matadors Board of Directors and Executive Committee; Retiring President David Lancaster, Special Advisor to Matadors Board of Directors and Executive…
Annual Meeting of Shareholders June 10, 2022
Appendix June 10, 2022
Adjusted EBITDA & Adjusted Free Cash Flow Reconciliations Adjusted EBITDA Reconciliation This presentation includes the non-GAAP financial measure of Adjusted EBITDA. Adjusted EBITDA is a supplemental non-GAAP financial measure that is…
Adjusted EBITDA Reconciliation Matador Resources Company The following table presents the calculation of Adjusted EBITDA and the reconciliation of Adjusted EBITDA to the GAAP financial measures of net income (loss) and net cash provided…
Adjusted EBITDA Reconciliation San Mateo(1) (100%) The following table presents the calculation of Adjusted EBITDA and the reconciliation of Adjusted EBITDA to the GAAP financial measures of net income and net cash provided by (used in)…
Adjusted EBITDA Reconciliation San Mateo(1) The following table presents the calculation of Adjusted EBITDA and reconciliation of Adjusted EBITDA to the GAAP financial measures of net income and net cash provided by (used in) operating…
Adjusted Free Cash Flow Reconciliation Matador Resources Company The following table presents the calculation of adjusted free cash flow and the reconciliation of adjusted free cash flow to the GAAP financial measure of net cash…
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