PrairieSky Royalty Snapshot TSX 6.0 Balance Sheet PSK Billion Strength Enterprise Value(1) 1.8 Annual Dividend 0.96 239.0 Per Common Share Million Billion Returned to Paid Quarterly Shares Outstanding Shareholders since…
PrairieSkys Dominant Land Position 18.1 million acres across Western Canada 2
PrairieSky per Share Metrics Production per Million Shares(1) Acres per Million Shares(2) 140 80,000 120 89% 60,000 100 80 40,000 60 40 20,000 20 - - Q2/14 Q3/14 Q4/14 Q1/15 Q2/15 Q3/15 Q4/15 Q1/16 Q2/16…
Spuds on PrairieSky Lands Q3 2023 With third-party activity across our royalty land base, PrairieSky has increased its oil royalty production by 6% YTD 2023 Strong quarterly activity with 246 versus YTD 2022. wells spud across…
Clearwater Royalties PrairieSky has the largest Clearwater royalty acreage position with 1,400,000 acres throughout the entire Clearwater trend. Clearwater royalty production showing sustainable organic growth with average royalty…
Reserves Replacement Third-party capital on PrairieSky lands In a royalty business with undeveloped has historically replaced produced land, all funds from operations can be reserves. returned to shareholders. Reserves replaced in…
Production & Revenues Generated from Royalty Properties PrairieSky generates revenues through leasing its Fee Lands and its GORR Interests, which includes Royalty Production Revenue, Bonus Consideration and Lease Rental Income.…
Hedge to Inflation Low risk revenue base High margins No maintenance capital Strong revenue for upstream oil and gas producers and PrairieSky. None of the capital requirements, operating costs, abandonment liabilities or…
Returns to Shareholders 3.5 From IPO to September 30, 3.0 2023, PrairieSky has returned 2.5 1.5 billion in dividends and 246 million in share buybacks to shareholders. 2.0 billions High conversion 1.5 of revenues to…
Shareholder Alignment Board & Management Ownership in PSK: 2.7 million shares Shareholder Pay for performance long-term incentives Alignment All staff are shareholders and maximize participation in Employee Stock…
10 Year Funds from Operations Generation YTD 2023 Average Royalty Production 24,604 BOE/d(1) 10 Year Average Annual Production (BOE/d) FX AECO WTI (US / CAD) (/Mcf) (/bbl) 22,000 24,000 26,000 28,000 30,000 10 Year Funds from…
ESG Survey Results & Rankings ESG Survey Results Ranked 1 by Sustainalytics for Global Received AAA ranking from MSCI in 2022 & 2023. Oil and Gas Producers and 51 (top 0.5%) in Global Universe (February 3, 2023). Ranked 1 by ISS…
ESG Practices & Initiatives We are committed to operating our business in an economically, socially, and environmentally responsible and sustainable manner for the benefit of shareholders and relevant stakeholders. We conduct…
ESG Policies & Practices All of PrairieSkys royalty Policies properties are in Canada which and provides the following Practices advantages: Environmental regulations are best-in-class standards and reflect global leadership.…
Why PrairieSky 9.7 million acres of Fee Lands Vast Land Base 8.4 million acres of GORR Lands Experienced Team Management and directors with an unparalleled understanding of the royalty business and are invested alongside…
Q3 2023 ACTIVITY UPDATE & FINANCIAL INFORMATION
Quarterly Activity on PrairieSky Lands Wells Spud Wells Spud 300 300 15.0% 200 200 10.0% 100 100 5.0% 0 0 0.0% LOR GORR UNIT OIL GAS RI Wells Rig Released Wells Rig Released 300 300 15.0% 200 200 10.0% 100 100 5.0% 0…
Top Payors Top 10 payors represent 47% Exposure to various operators with of product revenue, while the diverse expertise ranging from Top 25 payors represent 70% private companies to Majors. of product revenue. 12 months of…
UNDERSTANDING ROYALTIES
History of Fee Lands 1676 1887 1958 2002 2014 2021 King Charles II of Dominion of Canada CPR creates Encana created PrairieSky completes PrairieSky completes England granted stops granting Canadian Pacific through merger of…
Types of Royalties The following Crown Royalties figure outlines the Fee Simple Mineral Title - PrairieSky owns 9.7 million acres royalty hierarchy. As you move down Gross Overriding Royalties - PrairieSky owns 8.4 million acres…
Introduction to PrairieSky Royalty 9.7 million acres of Fee Lands (1) Business model supports dividend payments 8.4 million acres of GORR Lands (1) Royalty operating margin(2) 99% Lands located throughout the heart of the oil…
A Unique and Diversified Approach to Investing in Oil & Gas Third Party Operators 320 lessees paying royalties on PrairieSky Royalty lands Operators on PrairieSky Royalty Fee Lands include Majors, Independents, Mid Cap and…
Royalty Advantage Ownership in PrairieSky provides a long duration cash flow stream, no capital expenditure requirements or maintenance capital and the optionality associated with perpetual land title ownership. Exposure to: No…
Active Management of Land Base License to 19,900 km2 of 3D PrairieSky actively seismic(1) over 4.9 million acres manages its Fee & 54,000 km of 2D seismic Lands: PrairieSkys Seismic Coverage Meeting with operators and…
Recycling the Land Base The perpetual nature of Fee Lands allows PrairieSky Royalty to continually recycle lands and grow its revenue base. PrairieSky leases At the end of the primary lease lands by zone same term, any lands/rights…
Long-term Optionality PrairieSkys basket of call options includes: SAGD Lindbergh and Onion Lake projects have multiple phase expansion potential New leasing of Fee Lands to integrated and independent SAGD specialists Emerging…
Future Optionality Optionality Beyond Current Valuation Expansion of productive trends Material new pool discoveries Improvements in drilling and completions technologies: incremental recovery via optimized completions, tighter…
Leadership Team Margaret A. McKenzie Board of Directors Corporate Director, Former VP, Finance and Chief Financial Officer of Range Royalty and prior thereto was VP, Finance and Chief Financial Officer of Profico Energy James M.…
CONTACT INFORMATION PRAIRIESKY ROYALTY LTD. 1700, 350 7 Avenue SW Calgary, AB T2P 3N9 T 587.293.4000 E Investor.relationsprairiesky.com PRAIRIESKY.COM
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