Disclaimers This presentation is for information purposes only and does not constitute an offer to sell or issue, or the solicitation of an offer to buy, acquire or subscribe for any shares in the Company in any jurisdiction. Forward…
NYSE American: EPM Asset Locations(4) Company Overview NYSE American EPM Hamilton Dome ND 2.4 MMBOE Proved Reserves Shares Outstanding (9/9/2022) 33.47 MM 411 BOEPD Williston Basin Share Price (9/20/2022) 7.85 6.1 MMBOE Proved…
NYSE American: EPM Q4 FY2022 Highlights Declared a FY23 Q1 dividend of 0.12 per share, a 20% increase over FY22 Q4 Announced a 25 MM share repurchase program to be funded from operating cash flow Increased FYE2022 proved reserves…
Pillars of Success Business & Portfolio Investment Strategy OUR GOAL Maximize Total Shareholder Return Flexibility to Direct Free Cash Flow to Best Uses OUR PILLARS Return of Capital Minimal Debt Grow Asset Base Sustainable…
86.3 NYSE American: EPM Proven History of Total Shareholder Return Consistent Return of Capital Consecutively paid dividends since 2013 Steady increase in base dividend in response to increased cash flow generation Million In…
C o n s iste n tly Pa i d D i v ide n ds T h ro u gh C o m m odity C y c l e s Common Stock Dividends vs. Average Oil & Natural Gas Prices 140 14 Cumulative Dividend Payout Dec13 Jun22 FY23 Q1 Dividend 120 86.3MM (2.61/share)…
Executing a Disciplined Growth Strategy Scaling Evolution Through Acquisitions 403.8 Total Proved MM(1) Reserves PV-10 (MM)(1) Hamilton Dome Barnett Shale Williston Basin Jonah Field Asset (Wyoming) (Texas) (North Dakota)…
C o r p o r at e S u s t a in a b ility R e p o r t t o b e P u b l i s h e d Fa l l 2 0 2 2 Committed to Long-Term Corporate Sustainability Environmental Partnering with operators that share a common goal of upholding high standards…
E v o l u t i o n s B u s i n e s s M o d e l Life Cycle of Oil & Gas Assets Identification & Delineation Development Harvest 1 Higher risk with higher return 2 Moderate risk with moderate return 3 Modest maintenance capex High capex…
D i s c i p l i n e d G r o w t h & Ta r g e t e d A s s e t s M&A Strategy Hamilton Dome ND Long-lived reserves with value dominated by proved 2.4 MMBOE Proved Reserves 411 BOEPD developed producing cash flow Williston Basin 6.1…
Substantially Building Daily Barrels Through Acquisitions Daily Production Projections Jonah Field Williston Basin Acquisition of Jonah Field Barnett Shale Hamilton Dome April 2022 Delhi Field Acquisition of Williston Basin…
Acquisitions Diversify & Strengthen Proved Reser ves Base Diversified Portfolio Q4 Revenue Q4 Daily Production(2) Commodity Commodity Type: 12% 15% Oil 25% Reserve Category NGLs Gas 42.0 44% 7,451 MM BOE/d Geography…
High-Quality Drilling Locations Significant Upside in Williston Acquisition Williston 3P Reserves by Classification (1,2) Williston 3P Reserves by Commodity(1,2) 1% 10% 17% 16% Classification: Commodity 22.8 PDP 11% 22.8 Type:…
Adding Significant Scale with Conser vative Leverage & without Diluting Shareholders Evolutions Growth Story Average Daily Production (BOEPD) Adjusted EBITDA(1) (MM) 10,000 0.065 0.070 60.0 1.800 Jonah Field 1.577 9,000 Williston…
NYSE American: EPM Evolutions Value Proposition High Quality Assets Provide Years of Dividend Coverage Long-life, low decline, 20+ year reserve life Positive free cash flow throughout commodity cycle(1) Attractive Dividend…
REACH US Contact Information 1155 Dairy Ashford, Suite 425 Houston, TX 77079 infoevolutionpetroleum.com +1 713 935 0122 www.evolutionpetroleum.com Thank you for your interest in Evolution Petroleum Corporation NYSE: EPM…
Appendix 18
Footnotes Slide 3: 1. Cash returned to shareholders represents 90.3MM of share repurchases and dividends paid through 6/30/2022 assuming an average number of shares outstanding of 33.07MM. 2. FYE2022 reserves prepared by DeGolyer &…
Long-Life Enhanced Oil Recover y CO2 Flood Delhi Field Overview NGL Plant Delhi Field is in northeast Louisiana in Franklin, Madison, and Richland parishes Produces out of the Tuscaloosa and Paluxy (Holt-Bryant) reservoirs Produced…
L o w H i s t o r i c a l D e c l i n e R a t e Wa t e r f l o o d Hamilton Dome Field Overview Historical Net Production Hamilton Dome Field is located in the northwestern Wyoming Big Horn Basin in 10,000 Hot Springs County 3.4%…
Mature Natural Gas & NGL Production North Texas Barnett Shale Overview Location Properties located in north Texas in Bosque, Denton, Hill, Hood, Johnson, Parker, Somervell, and Tarrant Counties OK AR Production out of the Barnett…
Established PDP Production with Significant Upside Williston Basin Overview Williston Basin Properties located in the Williston Basin in western North Dakota in McKenzie, Golden Valley, and Billings Counties Production primarily…
Prolific Natural Gas Field 2 1 6 5 4 3 WY Jonah Field Hamilton Dome N 11 12 7 8 Sublette 9 County 10 11 100 miles Overview Jonah Field 14 13 18 16 15 14 17 Jonah Field is located within Wyomings Green River Basin in…
Non-GAAP Reconciliation Adjusted EBITDA Reconciliation Adjusted EBITDA is a non-GAAP financial measure that is used as a supplemental financial measure by our management and by external users of our financial statements, such as…
Histor y of Accretive Acquisitions & Development Suppor ting Dividend Timeline & Key Statistics 6.1 Current Dividend Yield % Purchased royalty interest in Delhi for 1.5 MM. (Annualized 4Q22) Sold Delhi working interests to…
Seasoned Leadership Management Team 20+ years of experience in energy 20+ years of experience in the energy industry industry focused on investment banking, focused on capital raising, mergers and acquisitions, buy side, analyzing…
Experienced Advisors Board of Directors Edward DiPaolo Robert Herlin Lead Director & Marjorie Hargrave William Dozier Kelly Loyd Myra Bierria Chairman & Chairman of Nominating Chairman of Audit Chairman of Chairman of Investment…