ROTH CONFERENCE 2025 www.ringenergy.com NYSE American: REI
Ring Energy - Independent Oil & Gas Company Focused on Conventional Permian Assets in Texas Q4 2024 Net Production 19,658 Boe/d Yoakum (66% oil and 85% liquids) Differentiated approach by 2024 SEC Proved Reserves1,2 Gaines applying…
Proved Reserves1 and Inventory SEC YE 2024 Reserves by Category (%) Reserves by PV-102 (MM) Reserves by Product (%) Locations by Area 430+3 Total Proved Only Locations & Opportunities 23% 21% 19% 31% NWS 134 1,463 134 CBP-N MMBoe…
Track Record of Strategic Consolidation Three Acquisitions & One Pending Since 2019 Increases Net Production by 3.5x Legend Acquisition Track Record Ring Energy Legacy 22,000 Lime Rock Resources Rings pursuit of accretive, balance…
FY 2025 Guidance Pro Forma PF Outlook Assumes 3 Full Quarters of Lime Rock Asset1 Operations Q1 2025 Q2 2025 Q3 2025 Q4 2025 FY 2025 Sales Volumes FY 2025 CAPEX REI Only PF PF PF PF Guidance Total (Bo/d) 11,700 12,000 13,700 14,700…
Positioned for Success in 2025 & Beyond PF Outlook Building Scale and Improving Key Metrics from Accretive Acquisitions Pursue Operational Excellence & Maximizing Adj. Free Cash Flow1,2 Building Scale Total Sales Oil Sales 60 30%…
Distinguishing Attributes: High Operating Margins Rings Conventional Assets with High Netbacks Drive Strong Cash Operating Margins vs. Others1,2 4Q 2024 TTM Cash Operating Margin and Realized Pricing (/Boe) Operational Excellence and…
Distinguishing Attributes: Long Life Reserves & Oil % Rings Conventional Assets have Extended Reserve Life and are Oily Versus Others1,2 Reserve Life: YE 2024 SEC Proved Reserves / FY24 Annualized Production 20.0 18.7 15.0 10.0…
Distinguishing Attributes: Low PDP Base Decline Rings Conventional Assets have Shallow Base Decline2 Versus Other Permian & Shale Players PDP ONLY Decline1: 2024E PDP BOE Base Decline % 40% 37% 36% 35% 35% 34% 34% 33% Median…
Enhanced Value for Stockholders Improved Metrics - Increased Production, Reduction in Costs, and Increased Proved Reserves on per Share Basis Production/Share Boe/Share All-in-Cash Operating Costs1 /Boe SEC 1P Reserves/Share2…
Competitive Value for Stockholders Track Record of 3 Consecutive Years of Corporate Returns Above 15% Despite Drop in Commodity Prices Cash Return on Capital Employed1 Avg WTI /Bbl & Avg Realized /Boe (CROCE) % Strong CROCE % 25.0%…
Consistent Value for Stockholders Minimized the Effect of a 7% Reduction in Realized Prices ACFFO1 MM Adjusted EBITDA1 MM Adjusted Free Cash Flow1 MM 250 275 55 225 250 50 236 233 45 200 197 195 225 45 44 175 200 40 150 175…
Impact of Founders Acquisition Performance Exceeded Initial Expectations REI Pro Forma Post Closing Performance Founders Acquisition 75MM REI Net Prod. (MBoe/d) 1 REI Net Debt MM 100 21.0 450 Cash Due Close 16% growth to PF Net…
Opportunity-Rich Basin Why is Ring Focused on Consolidating Conventional Assets in the Central Basin Platform & Northwest Shelf Publics NWS Acquire accretive, balance sheet enhancing CBP & NWS assets Privates CBP/NWS CBP & NWS remain…
Ring Trading at Discount Compared to Recent Transaction REI Suggested Valuation Using APA CBP & NWS Assets Divestiture Valuation Metrics Private Buyers Paying Higher Valuation Multiples for Conventional Permian Assets APA Permian…
Value Proposition 2025+ and Beyond Remaining focused on maximizing FCF generation in a volatile commodity price environment Continue delivering competitive returns through disciplined pursuit of value focused strategy Strong Cash…
FINANCIAL OVERVIEW www.ringenergy.com
Delivering Value in 2024 Compelling Strategy and Portfolio Leads to Shareholder Value Creation Recorded Net Income of 67.5 million, or 0.34 per diluted share Adding Size and Scale to the Portfolio Reported Adjusted Net Income of 69.5…
Assets Overview Deep Inventory of High-Return Drilling and Re-Completion Locations Select Recent New Drill Horizontal Well Results Select Recent New Drill Vertical Well Results Northwest Shelf Central Basin Platform Peak IP…
Assets Overview New Drill Inventory Performance Consistent HZ Well Performance Enhanced Vertical Well Performance San Andres Horizontal Play EUR (MBoe) per 1000 Lateral Feet CBP Vertical Multi-Stacked Play 2 100 20,000 Thousands…
Committed to ESG Critical to Sustainable Success 2024 Sustainability Report Progressing our ESG Journey A Target Zero Day is a Day that Results in: Download Report PDF Created ESG Task Force and established Target Zero Zero Company…
San Andres Horizontal Play Characteristics Proven, Conventional, Top Tier Returns San Andres Hz Delaware Hz Midland Hz High ROR Oil Play Permian Basin has produced 30 BBbl Low D&C Costs San Andres accounts for 40% Lower 1st Year…
Vertical Multi-Stacked Pay Characteristics Proven, Conventional, Top Tier Returns CBP Vt Stack & Frac Delaware Hz Midland Hz High ROR Oil Play Central Basin Platform has produced 15 BBboe Low D&C Costs Vertical multi-stage fracs…
PENDING TRANSACTION www.ringenergy.com
Expands Legacy High-Return Operating Area Continuing Our Transformation to a Scaled Conventional Permian Operator Operator Transaction Summary Legend Ring Energy Leasehold Strategic and accretive acquisition of Lime Rock Resources…
Rings Proven M&A Strategy Enhances Free Cash Flow and Accelerates Debt Reduction Differentiated approach by applying unconventional What Do We Like About This Transaction technology and thinking to conventional Permian assets Ring…
Immediate Impact from Accretive Asset Leveraging Rings Operational Excellence to Drive Cost Reduction Synergies Asset Overview Operational synergies reduce costs and increase operational efficiencies Rings modern completion techniques…
THANK YOU Ring Headquarters 1725 Hughes Landing Blvd Ste 900 The Woodlands, TX 77830 Phone: 281-397-3699 Company Contact Analyst Coverage Al Petrie Alliance Global Partners (A.G.P.) Truist Financial Water Tower Research (281)…
APPENDIX www.ringenergy.com
REI Historical Price Performance1 Price Performance Since January 1, 2022 5.5 6.5 MM warrants 140.00 exercised 5.0 Stronghold Announcement 120.00 4.5 3.0 MM warrants exercised 4.5 MM warrants 100.00 Founders 4.0 exercised…
Footnotes for Pending Transaction February 19, 2025 NYMEX Strip Pricing for WTI / HH used throughout the Presentation: 2024: 69.37 / 2.80; 2025: 71.71 / 4.38; 2026; 67.26 / 4.30; 2027+: 65.25 / 3.88 Based on NYMEX Strip Pricing as of…
Income Statement and Operational Stats Income Statement Operational Stats (Unaudited) (Unaudited) Three Months Ended Twelve Months Ended Three Months Ended Twelve Months Ended December 31, September 30, December 31, December 31,…
(Unaudited) Balance Sheet Statements of Cash Flows Three Months Ended Twelve Months Ended December 31, 2024 December 31, 2023 December 31, September 30, December 31, December 31, December 31, ASSETS 2024 2024 2023 2024 2023 Current…
Non-GAAP Reconciliations Adjusted Net Income Adjusted EBITDA (Unaudited for All Periods) (Unaudited for All Periods) Three Months Ended Twelve Months Ended Three Months Ended Twelve Months Ended December 31, September 30, December…
Non-GAAP Reconciliations (cont.) Leverage Ratio Adjusted Free Cash Flow (Unaudited for All Periods) Three Months Ended Three Months Ended Twelve Months Ended March 31, June 30, September 30, December 31, Last Four December 31,…
Non-GAAP Reconciliations (cont.) Leverage Ratio (Prior Year End) Three Months Ended March 31, June 30, September 30, December 31, Last Four 2023 2023 2023 2023 Quarters Consolidated EBITDAX Calculation: Net Income (Loss) 32,715,779…
Non-GAAP Reconciliations (cont.) Adjusted Cash Flow from Operations (ACFFO) Cash Return on Capital Employed (CROCE) As of and for the twelve months ended (Unaudited for All Periods) Three Months Ended Twelve Months Ended December…
Non-GAAP Reconciliations (cont.) All-In Cash Operating Costs Current Ratio (Unaudited for All Periods) Three Months Ended Twelve Months Ended As of December 31, September 30, December 31, December 31, December 31, 2024 2024 2023…
Loading...
