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September 2022 Investor Presentation – Evolution Petroleum Corp.

Evolution Petroleum Corp. · Sep 30, 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. September 2022 Investor Presentation – Evolution Petroleum Corp. – slide 1
    Wyoming Investor Presentation September 2022
  2. September 2022 Investor Presentation – Evolution Petroleum Corp. – slide 2
    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…
  3. September 2022 Investor Presentation – Evolution Petroleum Corp. – slide 3
    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…
  4. September 2022 Investor Presentation – Evolution Petroleum Corp. – slide 4
    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…
  5. September 2022 Investor Presentation – Evolution Petroleum Corp. – slide 5
    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…
  6. September 2022 Investor Presentation – Evolution Petroleum Corp. – slide 6
    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…
  7. September 2022 Investor Presentation – Evolution Petroleum Corp. – slide 7
    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)…
  8. September 2022 Investor Presentation – Evolution Petroleum Corp. – slide 8
    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)…
  9. September 2022 Investor Presentation – Evolution Petroleum Corp. – slide 9
    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…
  10. September 2022 Investor Presentation – Evolution Petroleum Corp. – slide 10
    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…
  11. September 2022 Investor Presentation – Evolution Petroleum Corp. – slide 11
    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…
  12. September 2022 Investor Presentation – Evolution Petroleum Corp. – slide 12
    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…
  13. September 2022 Investor Presentation – Evolution Petroleum Corp. – slide 13
    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…
  14. September 2022 Investor Presentation – Evolution Petroleum Corp. – slide 14
    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:…
  15. September 2022 Investor Presentation – Evolution Petroleum Corp. – slide 15
    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…
  16. September 2022 Investor Presentation – Evolution Petroleum Corp. – slide 16
    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…
  17. September 2022 Investor Presentation – Evolution Petroleum Corp. – slide 17
    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…
  18. September 2022 Investor Presentation – Evolution Petroleum Corp. – slide 18
    Appendix 18
  19. September 2022 Investor Presentation – Evolution Petroleum Corp. – slide 19
    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 &…
  20. September 2022 Investor Presentation – Evolution Petroleum Corp. – slide 20
    FYE2022 Reserve Summary Oil Natural Gas NGLs Total Reserves Reserve Category (MBbls) (MMcf) (MBbls) (MBOE) Proved Developed Producing 8,705 104,723 6,299 32,458 Proved Non-Producing 157 71 19 188 Proved Undeveloped 2,608 2,197 623…
  21. September 2022 Investor Presentation – Evolution Petroleum Corp. – slide 21
    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…
  22. September 2022 Investor Presentation – Evolution Petroleum Corp. – slide 22
    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%…
  23. September 2022 Investor Presentation – Evolution Petroleum Corp. – slide 23
    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…
  24. September 2022 Investor Presentation – Evolution Petroleum Corp. – slide 24
    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…
  25. September 2022 Investor Presentation – Evolution Petroleum Corp. – slide 25
    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…
  26. September 2022 Investor Presentation – Evolution Petroleum Corp. – slide 26
    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…
  27. September 2022 Investor Presentation – Evolution Petroleum Corp. – slide 27
    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…
  28. September 2022 Investor Presentation – Evolution Petroleum Corp. – slide 28
    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…
  29. September 2022 Investor Presentation – Evolution Petroleum Corp. – slide 29
    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…

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