CORPORATE PRESENTATION December 2023 Corporate Presentation CRESCENT POINT CRESCENT POINT Bringing Energy To Our World - The Right Way
Crescent Point At A Glance Capital Markets Summary CORPORATE PRESENTATION Shares Outstanding 620.9 million 20 Years of Premium Inventory (6,100 Premium & Additional Locations) Market Capitalization 5.7 billion Alberta Montney…
Recent Highlights CORPORATE PRESENTATION Strategic Return of Capital Operational & Outlook Excess cash flow of Achieved recent peak 30-day rates Completed Alberta Montney 750MM - 950MM of 1,250 boe/d/well (Kaybob Duvernay)…
Montney Transaction Bolsters Short-Cycle Portfolio & Completes Transformation Kaybob Duvernay (Short-Cycle) CORPORATE PRESENTATION Recent Alberta Montney Consolidation Adds: +105,000 net acres with Montney rights +800 premium…
Strategic Montney Consolidation Alberta Montney & Kaybob Duvernay focused company with complimentary long-cycle Saskatchewan assets CORPORATE PRESENTATION Highly Strategic Increased corporate premium drilling inventory to 20…
Completion of Portfolio Transformation CPG is now at an inflection point in its transformation and set to deliver long-term returns for shareholders CORPORATE PRESENTATION Accomplishments Priorities (2024 - 2028) Created…
Disciplined & High-Return 2024 Budget Outperformance allowing for improved 2024 production, despite dispositions, and lower capital expenditures CORPORATE PRESENTATION 2024 Budget Summary Annual Average Production Fully funded at…
Increasing Return of Capital to Shareholders Plan to increase percentage allocation of excess cash flow over time as the balance sheet strengthens further CORPORATE PRESENTATION Cumulative Return of Capital (US70 WTI) (Includes…
Deep Inventory of Premium Drilling Locations Total premium drilling inventory of 20 years, supporting long-term sustainability CORPORATE PRESENTATION Inventory Locations 6,100 70% growth in 3,900 high-return premium locations…
Increased Scale 7th largest E&P in Canada by production volume which is expected to improve cost of capital CORPORATE PRESENTATION Largest Position in the Alberta Montney 2nd Largest Oil & Liquids Producer 600 Volatile Oil…
Strategic Priorities CORPORATE PRESENTATION Operational Balance Sheet Increasing Execution Strength Return of Capital Continue to enhance asset level Expected net debt to adjusted Increasing base dividend 15%, CRESCENT…
Hedging Summary Plan to remain disciplined in our approach to layering on additional protection in the context of commodity prices CORPORATE PRESENTATION Oil & Liquids Hedging Gas Hedging Gas Diversification Oil & liquids hedges…
CRESCENT POINT CORPORATE PRESENTATION Assets October 2018
Kaybob Duvernay & Alberta Montney Short-cycle assets: high-return, scalable and quick payouts CORPORATE PRESENTATION Volatile Oil Liquids-Rich Long-term, scalable growth and excess cash flow generation Lean Gas CPG Land…
Alberta Montney Reservoir Regions & Economics (Booked Type Wells) 1,400 premium locations in the Volatile Oil window CORPORATE PRESENTATION Gold Creek West Gold Creek IP30 (boe/d) 1,025 IP30 (boe/d) 950 1,300 (% Liquids) (58%) (%…
Alberta Montney Results & Development Plan Focused on efficient development of resource by optimizing landing zone and number of wells drilled per section CORPORATE PRESENTATION Gold Creek West 2023 Wells Allocating 45% of 2024…
Recent Results Highlighting Returns & Scalability of CPGs Alberta Montney CPG wells were among the top oil and liquids producing wells in WCSB and Montney over the past 12 months CORPORATE PRESENTATION Top Oil & Liquids Producing…
Kaybob Duvernay Reservoir Regions & Economics (Booked Type Wells) 500 premium locations primarily in the Volatile Oil and Liquids-Rich windows CORPORATE PRESENTATION Volatile Oil Black Oil IP30 (boe/d) (% Liquids) 700 1,000 (75%)…
Kaybob Duvernay Results & Development Plan Track record of realizing cost efficiencies and improving well productivity since initial entry into the play in Q2 2021 CORPORATE PRESENTATION Volatile Oil 2023 Wells Initial rates…
Saskatchewan Long-cycle assets: low decline, stable production and significant excess cash flow generation CORPORATE PRESENTATION Stable production base with low decline rate (15%) and significant excess cash flow Oil and liquids…
Saskatchewan: Decline Mitigation & OHML Innovation Strong excess cash flow generation bolstered by enhanced oil recovery and new technology implementation CORPORATE PRESENTATION Allocating 20% of 2024 budget which is expected to…
CRESCENT POINT CORPORATE PRESENTATION Appendix October 2018
Pro Forma Capital Markets Summary & Guidance Capital Markets Summary Guidance CPG (TSX and NYSE) 2024 Prelim 2024 Guidance CORPORATE PRESENTATION Share Price (Dec. 14, 2023) C9.19 / US6.85 Annual Avg. Production (mboe/d)(1) 200 -…
How CPG Executes Its Strategy Sustainable long-term returns driven by high-quality multi-basin portfolio and disciplined capital allocation CORPORATE PRESENTATION Disciplined Significant Balance Sheet Per-Share Growth Return of…
Balance Sheet & Financial Flexibility CORPORATE PRESENTATION Net Debt Outlook (US70 WTI) 5,000 2.0x 1.7x Directing 40% of excess cash flow to net debt reduction Net Debt / Adjusted Funds Flow Net Debt (Millions CAD)…
Return of Capital Framework CORPORATE PRESENTATION Return of Capital Framework Tools Utilized for Return of Capital Base Dividends Funds Flow Base dividend is not subject to this framework and is assessed within our capital…
Portfolio of High-Netback Assets Saskatchewan CORPORATE PRESENTATION Metric (US70 US75 WTI) Alberta Montney Kaybob Duvernay (Viewfield Bakken, Shaunavon & Flat Lake) Average Production (boe/d) 97,000 50,000 55,000 %…
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…
Significant Tax Pools Enhance Excess Cash Flow Alberta Montney transaction provides CPG with an estimated 1.3B of tax pools CORPORATE PRESENTATION Canadian Tax Pools Cash Tax as % of Before Tax Cash Flow 0.1B 15% 1.5B 1.3B…
Strong Market Access Liquids (65% of Production) CORPORATE PRESENTATION Alberta (Kaybob Duvernay & Montney) Alberta Oil Sands MSW and C5 currently trade at a slight discount to WTI, with Edmonton Hardisty C5 benefitting from…
ESG Highlights Reduced Scope 1 emissions intensity and asset retirement liabilities by 60% over the past five years CORPORATE PRESENTATION Environmental Social Governance On track to meet new Scope 1+2 Achieved safest year on…
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, excess cash flow per share diluted, net debt and net debt / funds flow, base dividends and how they provide…
Reserves and Drilling Data All reserves data for CPG 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 reports…
Reserves and Drilling Data Initial production is for a limited time frame only (30, or 90 days) and may not be indicative of future performance. Peak IP30 refers the 30 consecutive days with the highest production rates since a pad has…
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 Reports for CPG and HHRS in…
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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