Skip to main content October 2023 Investment Presentation – Civitas Resources Inc. | Shale Experts
Loading...
Pm

October 2023 Investment Presentation – Civitas Resources Inc.

Civitas Resources Inc. · Oct 4, 2023 · 13 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. October 2023 Investment Presentation – Civitas Resources Inc. – slide 1
    Expanding Permian Scale Accretive Bolt-on to Increase Free Cash Flow and Balance Asset Portfolio
  2. October 2023 Investment Presentation – Civitas Resources Inc. – slide 2
    Civitas Today CORE POSITIONS IN THE TOP DOMESTIC OIL BASINS PEER-LEADING CASH RETURNS TO SHAREHOLDERS PREMIER CAPITAL STRUCTURE AND CREDIT PROFILE TRACK RECORD OF CREATING VALUE THROUGH ACQUISITIONS 3
  3. October 2023 Investment Presentation – Civitas Resources Inc. – slide 3
    Accretive Bolt-on Enhances Premier Midland Position TRANSACTION OVERVIEW Attractively priced at 2.8x2 24E Adjusted Total Purchase Price: 2.1 B1 EBITDAX; 5% accretive 80% of purchase price underwritten with to 24E FCF/sh2 PDP and…
  4. October 2023 Investment Presentation – Civitas Resources Inc. – slide 4
    Advancing Strategic Pillars 1 2 3 4 Generate Free Maintain Premier Return Cash Demonstrate Cash Flow Balance Sheet to Shareholders ESG Leadership Accretive to 24E Estimated 0.9x Peer-leading Committed to Free Cash Flow net…
  5. October 2023 Investment Presentation – Civitas Resources Inc. – slide 5
    Leading Well Performance vs. Permian Peers TOP QUARTILE MIDLAND WELL PERFORMANCE 1 200 Vencer Other operators Cumulative Oil (Mbo) 150 100 50 0 1 2 3 4 5 6 7 8 9 10 11 12 COMPARES FAVORABLY TO RECENT PERMIAN DEALS 2…
  6. October 2023 Investment Presentation – Civitas Resources Inc. – slide 6
    Transaction Overview CONSIDERATION (estimated at close) MAINTAINS LONG-TERM BALANCE SHEET STRENGTH (MM) Total % 0.9x net leverage3,4 at YE24 Equity to Seller1 560 27% 0.75x long-term leverage target Cash to Seller 1,000 47% On track…
  7. October 2023 Investment Presentation – Civitas Resources Inc. – slide 7
    Transaction Enhances Unchanged Dividend Policy DIVIDEND YIELD 1,2 Industry-leading shareholder 8.6% Base Variable 7.3% return program 6.1% 4.7% 4.1% 3.2% 3.2% 3.0% 2.9% 0.1% 2.7% 2.4% 2.4% 1.0% 2.2% 2.0% 1.4% 1.5% 3.1% 1.0%…
  8. October 2023 Investment Presentation – Civitas Resources Inc. – slide 8
    2024 Outlook Civitas Prior Vencer Civitas PF 2024 20241 2024 Combined Scaled positions in the three lowest breakeven oil basins Total Production 270 290 50 60 325 345 (MBoe/d) Oil Production 130 140 23 28 155 165 Flexible…
  9. October 2023 Investment Presentation – Civitas Resources Inc. – slide 9
    A Stronger, More Sustainable Business DJ BASIN Advances Strategic Pillars 470,000 net acres 1,000 locations Enhances Scale in Prolific Permian Basin Accretive to FCF/sh Expands Shareholder Returns, Maintains Long-Term…
  10. October 2023 Investment Presentation – Civitas Resources Inc. – slide 10
    Appendix
  11. October 2023 Investment Presentation – Civitas Resources Inc. – slide 11
    Adjusted EBITDAX Reconciliation Source: Company disclosure. in thousands. 12
  12. October 2023 Investment Presentation – Civitas Resources Inc. – slide 12
    Free Cash Flow Reconciliation Source: Company disclosure. in thousands. 13
  13. October 2023 Investment Presentation – Civitas Resources Inc. – slide 13
    Net Debt Reconciliation Source: Company disclosure. in thousands. 14

From the store

Browse maps, data & reports in the Shale Experts store