WHO ARE WE: OPERATOR OF U.S. ONSHORE DEVELOPED ASSETS Appalachian Region: Appalachian Basin A differentiated business model Pennsylvania, West Virginia, Ohio, Kentucky, Virginia, Tennessee focused on: 65% of Production PA…
ENHANCING OPERATING SCALE AND EFFICIENCIES THROUGH ACQUISITIONS 322 Million 566 Million of Complementary Acquisitions in 2022 Including Tanos Energy II (2023) East Texas Bolt-On ConocoPhillips Midstream Systems Asset Retirement…
EXTRACTING VALUE ON UNDEVELOPED ACREAGE (ILLUSTRATIVE EXAMPLE) Monetization of economic locations Advantageous Joint Venture 25 million (50/50 split to Oaktree) and 8-12 million carry on future development Accretive opportunity to add…
Natural Gas Macro DIV.energy
GROWING NATURAL GAS EXPORT CAPACITY Clean U.S. natural gas provides energy security to other nations and allows for a global reduction of emissions U.S. LNG Projects Under Construction Once completed, the three highlighted export…
RENEWABLES BUILDOUT REQUIRES NATURAL GAS BACKSTOP Texas Hourly Power Generation (December 23, 2022) RELIABILITY OF BASE LOAD Natural Gas supported peak demand needs in Texas during Winter Storm Elliot Stepped up to fill 70%…
INCREASED NATURAL GAS USAGE DRIVES LOWER EMISSIONS U.S. CO2 emissions declined 35% with increased natural gas power generation U.S. Electric Power Generation CO2 Emissions vs. Natural Gas Market Share Coal to Natural Gas…
MEANINGFUL GLOBAL ENERGY DEMAND FROM FOSSIL FUELS Natural Gas will be the most utilized fuel by 2043 and be a 26% share of energy demand in 2050 Global natural gas demand to increase by 36% Global Primary Energy Power Demand Trends…
WE SHARE A COMMON ENVIRONMENT 2020 CO2 Emissions (Gt) Need to address International Emissions: 2017 2020 Chinas emissions have grown meaningfully since 1990 including 7% since 2017 +7% 11.7 U.S. represents only 18% of the five top…
THE FUTURE OF DEC Resilient core business and seasoned management that leverages competencies into attractive opportunities with a track record of turning liabilities into assets and delivering returns Be the consolidator of Own the…
Operational Updates DIV.energy
ENTERING 2023 WITH RECORD PRODUCTION AND RESERVES Central Region Growth Drives Record Production PV10 Value of PDP Reserves per Share(c) 278% Premium to Current Share Price 13 Mboepd added in 2022, 60 Mboepd added since 2021 PDP PV10…
DEMONSTRATING OUR COMMITMENT TO SUSTAINABLE OPERATIONS 2022 ESG and Sustainability Highlights Achieved OGMP 2.0 Gold Standard for Emissions Reporting 2023 Emissions Reduction Initiatives 1 of 5 US operators to receive designation in…
EXECUTING PROVEN ACQUISITION STRATEGY TO DRIVE VALUE Upstream Midstream Acquisitions Acquisitions Improving operating scale and density in the Central Region Enhancing margins and increasing control over product flow Added 13 Mboepd…
SMARTER ASSET MANAGEMENT PROVIDES ONGOING VALUE Turn acquired idle wells back into production and cash flows RTP Wells 340 wells RTPd in Central Region during 2022 Value Added Workovers Return to Production Typically low-cost, high…
CREATING VALUE ACROSS OPERATING REGIONS West Virginia Well (Hz) Multiple Operating Regions = Multiple Resource Pools Mcf/d Avg. Production Expansion to the Central Region increased the potential for 3,200 Prior Production After…
OPERATIONAL INSIGHTS DRIVEN BY TECHNOLOGY INVESTMENTS Well-Level Data Capture Cloud-Based Infrastructure Real-Time Monitoring Emissions Detection Data + Human interaction of Enables remote access to data, Leverage data…
NEXT LVL ENERGY: SETTING A NEW STANDARD FOR RETIREMENT Differentiated Outlook on Asset Retirement Stewardship from acquisition to retirement ensures sustainable operations for the lifetime of assets Positioned to Lead in Appalachian…
STRATEGICALLY LAYERING COMMODITY PRICE PROTECTION Summary Natural Gas Hedging Position Rolling Hedge Coverage Targets(c) Average Hedge Floors in /Mcf(a) % of Annual Production Hedged Open Production Volume 70-90% 1-12 Months 100%…
Outlook & Closing Remarks DIV.energy
THE FUTURE OF DEC Resilient core business and seasoned management that leverages competencies into attractive opportunities with a track record of turning liabilities into assets and delivering returns Be the consolidator of Own the…
DIVERSIFIED BROKERS Corporate Tennyson Stifel Peel Hunt PO Box 381087 Tennyson Securities Stifel Nicolaus Europe Ltd Peel Hunt LLP Birmingham, Alabama 65 Petty France 150 Cheapside 100 Liverpool Street 35238-1087 (USA) London SW1H 9EU…
Appendix DIV.energy
AMORTISING DEBT STRUCTURES DRIVE DISCIPLINED REPAYMENT Key Attributes for Diversified Ability to scale financing through additional ABS issuances 232 Long-term hedging provides cash flow stability for consistent repayment…
COMMODITY DERIVATIVES PORTFOLIO (AS OF 10 MARCH 2023) Natural Gas 3.83/Mcf 3.32/Mcf 3.23/Mcf 2023 2024 2025 Annual Summary(a) 85% Hedged 80% Hedged 70% Hedged Natural Gas Financial Derivatives Contracts Natural Gas (MMBtu, /MMBtu)…
ILLUSTRATIVE: 50 YEAR COMPLETE PORTFOLIO RETIREMENT SCENARIO 8.0 billion in Free Cash Flows provide 4.8 billion in dividend potential while also repaying all debt outstanding Dividend potential is a 4x and generating sufficient Free…
EMISSIONS REPORTING FOCUSED ON A HIGHER GLOBAL STANDARD- OGMP 2.0 What is OGMP 2.0 Differentiated Natural Gas Voluntary framework of collaborative parties Systematically reduce Scope 1 emissions from the The Gold Standard gas & oil…
DRIVING VALUE THROUGH ACCRETIVE ACQUISITIONS Apply industry leading Smart Asset Management (SAM) on larger PDP base without balance sheet stress Appalachia OK Central PA OH WV 2.5 Billion TX LA 21 acquisitions since VA 2017…
GROWTH VIA ACQUISITION WITH LOW-RISK UPSIDE Market Volatility & Dislocation = Opportunity Set Utilise track record of underwriting, More economic to buy reserves which yields low capital buying and managing undervalued expenses,…
OFFSETTING COSTS WITH MARGIN ON THIRD PARTY RETIREMENT SERVICES Multi-stream revenue generation creates potential to significantly offset future retirement cash costs Supplementary Revenue Streams Maximizing utilisation and building…
Supplemental Information DIV.energy
AUDITED FINANCIAL STATEMENTS CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME Year-Ended 31 December 2022 31 December 2021 Revenue 1,919,349 1,007,561 Operating expense (445,893) (291,213) Depreciation,…
AUDITED FINANCIAL STATEMENTS CONSOLIDATED STATEMENTS OF FINANCIAL POSITION 31 December 2022 31 December 2021 31 December 2022 31 December 2021 ASSETS EQUITY AND LIABILITIES Shareholders' equity: Non-current assets: Share capital…
AUDITED FINANCIAL STATEMENTS CONSOLIDATED STATEMENTS OF CASH FLOW Year Ended Year Ended 31 December 2022 31 December 2021 31 December 2022 31 December 2021 Cash flows from investing activities: Cash flows from operating activities:…
ALTERNATIVE PERFORMANCE METRICS (UNAUDITED) Adjusted EBITDA and Adjusted EBITDA per Share As used herein, EBITDA represents earnings before interest, taxes, depletion, depreciation and amortisation. Adjusted EBITDA includes adjusting for…
ALTERNATIVE PERFORMANCE METRICS (UNAUDITED) Net Debt and Net Debt-to-Adjusted EBITDA As used herein, Net Debt represents total debt as recognised on the balance sheet less cash and restricted cash. Total debt includes our borrowings…
ALTERNATIVE PERFORMANCE METRICS (UNAUDITED) Total Revenue, Inclusive of Hedges and Adjusted EBITDA Margin As used herein, Total Revenue, Inclusive of Hedges, includes the impact of derivatives settled in cash. We believe that Total…
ALTERNATIVE PERFORMANCE METRICS (UNAUDITED) Free Cash Flow As used herein, Free Cash Flow represents net cash provided by operating activities less expenditures on natural gas and oil properties and equipment and cash paid for interest.…
REVENUE RECONCILIATION (NON-IFRS)(UNAUDITED) Per Unit FY21 1Q22 2Q22 3Q22 4Q22 FY22 Units FY21 1Q22 2Q22 3Q22 4Q22 FY22 Production: Natural gas (MMcf) 234,643 62,419 64,979 64,344 63,854 255,597 Oil (MBbls) 592 385 401 378 390…
EXPENSE RECONCILIATION (NON-IFRS)(UNAUDITED) Per Unit FY21 1Q22 2Q22 3Q22 4Q22 FY22 Units FY21 1Q22 2Q22 1H22 3Q22 Q4 FY22 Production: Natural gas (MMcf) 234,643 62,419 64,979 64,344 63,854 255,597 Oil (MBbls) 592 385 401 378 390…
Loading...
