CORPORATE PRESENTATION June 2023 Corporate Presentation CRESCENT POINT CRESCENT POINT Bringing Energy To Our World - The Right Way
Crescent Point At A Glance 2023 Guidance & Excess Cash Flow CORPORATE PRESENTATION Annual Average Production 160,000 - 166,000 boe/d (75% Liquids) Development Capital Expenditures 1.15 - 1.25 billion Central Alberta Excess…
Q1 2023 Highlights CORPORATE PRESENTATION Closed the strategic acquisition On track to meet 2023 production Returned 60% of excess cash of Alberta Montney assets guidance of 160,000 - 166,000 flow to shareholders in Q1 2023 (as…
Accretive Montney Acquisition Enhances Shareholder Value CORPORATE PRESENTATION Transaction Details Improved Sustainability Potential Value Creation Acquired oil and liquids-rich Montney Adds 600 net Montney locations or Reserves…
High-Quality Assets in Volatile Oil Fairway Adjacent to Kaybob Duvernay Opportunity for knowledge transfer and enhanced returns given close proximity CORPORATE PRESENTATION Volatile Oil Liquids-Rich Lean Gas Key Attributes of…
Alberta Montney Reservoir Regions, Economics & Results Volatile Oil CORPORATE PRESENTATION Gold Creek West Gold Creek East Karr Gold Creek West IP30 (boe/d) (% Liquids) 1,025 (58%) 1,370 (57%) 700 (79%) EUR (mboe) (% Liquids)…
Kaybob Duvernay Reservoir Regions & Economics Top-quartile returns with plans to primarily drill in the Volatile Oil and Liquids-Rich windows in 10-year plan CORPORATE PRESENTATION Volatile Oil Black Oil IP30 (boe/d) (% Liquids)…
Kaybob Duvernay Results & Booked EURs Highlights Condensate Mix Production Results Since Entering the Play (Per Well) CORPORATE PRESENTATION Pad IP30 boe/d IP90 boe/d Booked EUR mboe (On Prod) (% Condy, NGLs) (% Condy, NGLs) (%…
Solid Corporate Inventory Drives Long-Term Sustainability Fundamentally rebuilt and strengthened CPGs asset portfolio over the last five years CORPORATE PRESENTATION Excess Cash Flow & Excess Cash Flow & Excess Cash Flow &…
Highly Economic Long-Term Development Plan Alberta Montney acquisition enhances corporate inventory and supports economic long-term development plan CORPORATE PRESENTATION Corporate Inventory vs 10-Year Plan Economics of Premium…
2023 & 5-Year Outlook: Focus on Returns & Long-Term Sustainability Kaybob Duvernay and Montney represent 45% of CPG production, growing to 60% in 5 years CORPORATE PRESENTATION Cumulative After-Tax Excess Cash Flow Cumulative…
Attractive Return of Capital to Shareholders Track record of increasing return of capital to shareholders, with 1.5B returned since 2018 CORPORATE PRESENTATION Increasing Return of Capital Returning 60% of excess cash flow…
Balance Sheet & Financial Flexibility 5-Year Maturity Outlook Net Debt to Adjusted Funds Flow CORPORATE PRESENTATION 5.2B 5,000 3.0B Net Debt 4,000 or 1.3x Millions CAD 3,000…
Significant Tax Pools Enhance Excess Cash Flow CORPORATE PRESENTATION Consolidated Tax Pools Cash Tax as % of Before Tax Cash Flow Billions CAD 30% 3.6 20% 10.5B CRESCENT POINT 6.3 0.8 10% Other Canadian…
Strong Market Access Liquids (75% of Production) CORPORATE PRESENTATION Central Alberta (Kaybob Duvernay & Montney) Central MSW and C5 receive pricing near WTI Alberta Oil Sands C5 has optionality to be sold as is for oil sands…
Long-term Strategy to Deliver Shareholder Value & Returns Operational Excellence CORPORATE PRESENTATION Premier operator with a strong safety record Innovative and highly technical team Extensive knowledge in production…
CRESCENT POINT CORPORATE PRESENTATION Appendix October 2018
Capital Markets Summary & Guidance Capital Markets Summary 2023 Guidance CPG (TSX and NYSE) CORPORATE PRESENTATION Trading Price (June 2, 2023) C9.03 (TSX), US6.72 (NYSE) Annual Avg. Production (mboe/d)(1) 160 166 Shares…
High-Netback Portfolio of Assets Central Alberta Saskatchewan Top Quartile Operating Netback CORPORATE PRESENTATION Metric (Kaybob Duvernay (Viewfield Bakken, North Dakota 2023E Operating Netback (Bakken) & Montney) Shaunavon &…
Major Operating Area Economics US75 WTI & 3.50 AECO CORPORATE PRESENTATION IP30 boe/d EUR Mboe Cost Per Well Payout Area IRR% (Liquids %) (Liquids %) (CMM) (Months) Alberta Montney (Volatile Oil) Gold Creek West 1,025 (58%)…
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 21 ESG: Environmental,…
CPGs Portfolio Optimization Continually optimizing portfolio around key pillars of balance sheet strength and sustainability CORPORATE PRESENTATION The Kaybob Duvernay and Montney assets, bolstered Asset Criteria by our technical…
Differentiated Portfolio: Generating Strong Excess Cash Flow Strategic combination of short and long cycle assets generates sustainable shareholders returns CORPORATE PRESENTATION Short Cycle Long Cycle CRESCENT POINT…
Returns Based Capital Allocation Framework & Excess Cash Flow Priorities ASSET LEVEL CORPORATE PRESENTATION CORPORATE LEVEL Funds Flow (Maximize with a cost discipline) Base Plan Risk Adjusted Returns and Value Added (Well…
Return of Capital to Shareholders Returning a meaningful amount of capital to shareholders while also creating additional value on a per share basis CORPORATE PRESENTATION Calculating Q1 2023 Return of Capital Tools Utilized for…
Track Record of Realizing Efficiencies in Plays Similar to Alberta Montney Experienced Operator CORPORATE PRESENTATION Hz Wells Drilled & Completed Top 15 North American operators 10,000 CPG has a history of operational…
Demonstrating Technical Expertise in Kaybob Duvernay CORPORATE PRESENTATION 200,000 Volatile Oil Window Example Example of Performance vs. Prior Operator Improved well results versus an offset well from the prior operator due…
Innovation in the Viewfield Bakken 1.5x capital compared to an infill well, resulting in 3x 4x greater EUR and enhanced economics CORPORATE PRESENTATION Began leveraging open hole multi-lateral drilling technique in the Viewfield…
Significant Condensate Exposure with a Strong Supply / Demand Outlook Kaybob Duvernays liquids production is primarily condensate and receives strong pricing relative to WTI CORPORATE PRESENTATION WCSB Condensate Supply / Demand…
Oil & Liquids Hedging Summary Plan to remain disciplined in our approach to layering on additional protection in the context of commodity prices CORPORATE PRESENTATION 2023 Hedging Summary 40,000 30% 30% Hedge Volume (bbl/d)…
Gas Hedging Summary Plan to remain disciplined in our approach to layering on additional protection in the context of commodity prices CORPORATE PRESENTATION 2023 Hedging Summary CPG Corporate Gas Diversification Gas hedges extend…
ESG Highlights Expect to release fifth annual sustainability report in mid-2023, including updates on ESG targets and practices CORPORATE PRESENTATION Environmental Social Governance Target to reduce Scope 1 & 2 emissions…
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.…
Definitions / Specified Financial Measures For an explanation of the composition of adjusted funds flow, excess cash flow, discretionary excess cash flow, net debt and net debt / funds flow, base dividends and how they provide useful…
Reserves and Drilling Data All reserves data contained in this presentation, and effective for the year ended 2022, is contained in the Corporations AIF for the year ended, December 31, 2022 and in our material change reported dated…
Reserves and Drilling Data Years of corporate inventory figures include proved and probable locations, as derived from the independently evaluated (by McDaniel & Associates Consultants Ltd.) Reserves Report in accordance with NI 51-101…
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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