TSX: SGY Premium Oil Assets Driving Free Cash Flow and Shareholder Returns CORPORATE PRESENTATION February 2025
The Surge Value Proposition High quality assets and strategic capital allocation maximize shareholder value and returns + + = High Quality Disciplined Capital Proven Management Maximize Free Cash Flow Conventional Assets…
Proven Business Strategy Focused on sustainable returns and enhancing free cash flow Surge executes on a simple, DISCIPLINED repeatable business strategy: CAPITAL ALLOCATION Undertake low cost, low risk Develop high quality…
Recent Highlights In Q3 of 2024, Surge: Increased average daily production over Q2/241, and delivered strong adjusted funds flow (AFF) of 72.7 million; Strategically repositioned the Companys debt capital structure by: Closing an…
Corporate Guidance for 2025 Key Guidance & Assumptions1 US70 WTI6 2025 Adjusted Funds Flow2 275 MM Focused on returns and 2025 Cash Flow From Operating Activities3 255 MM enhancing free cash 2025 Free Cash Flow2 Before Dividends 85…
Return of Capital Framework Surge is well positioned to deliver returns to shareholders through its base dividend and excess Free Cash Flow 2025 Guidance Cash Flow US70 WTI: 255 MM Allocation of Excess Free Cash Flow (After Base…
Significant Liquidity Debt structure supports return of capital framework Surges current drawn debt has long-dated maturities, termed out through late 2028 and 2029, with attractive interest rates. Debt Composition (MM) Term Debt…
Net Asset Value + 31% Free Cash Flow Margin Surge has been independently recognized as having one of the best FCF margins in its intermediate peer group while trading at a very attractive NAV valuation. Surges top tier FCF margin is…
Energy will continue to offer investors an attractive value Compelling proposition through 2025 and beyond opportunity for Global Observable Oil Inventories (onshore + oil-on-water) (MM bbls) energy investors While global oil…
Spotlight: Sparky and SE Saskatchewan Surge offers exposure to two of the top four conventional oil growth plays in Canada
Advantages of Conventional reservoirs offer lower risk, predictable, repeatable development with Conventional opportunity to improve recovery factors Reservoirs Surge proactively targets low risk conventional reservoirs. The Company…
Core Area Focused Sparky and SE Saskatchewan provide exceptional economics and a depth of drilling inventory Sparky SE Saskatchewan Light/medium crude oil production with compelling Highly focused, operated asset base with excellent…
Sparky Over 11 Billion Barrel Trend One of Canadas Largest Accumulations of Oil A One-of-a-Kind Lloydminster Position Edmonton Alberta Surge holds a dominant land position and is drilling 60km Hope Valley Saskatchewan a mix of…
Sparky Long-Term Growth Potential Pad drilling, advanced horizontal multi-stage fracturing technology, and multi-lateral horizontal success have unlocked the potential of the Sparky play Sparky Core Area Production Growth 1 billion…
SE Saskatchewan A Light Oil Balance Surges operational track record of success in SE Saskatchewan Manitoba Surge Land Saskatchewan makes this an exciting growth area Midale Subcrop Frobisher Subcrop Alida Subcrop Area Benefits…
SE Saskatchewan Key Growth Driver High operating netback light oil production and reserves from low risk, proven conventional reservoirs 400 million bbls OOIP net to SGY (internally estimated) SE Saskatchewan Frobisher Average IP90 By…
Analyst Coverage SGY 12-Month Financial Institution Analyst Email Address Target Price Acumen Capital Partners Trevor Reynolds treynoldsacumencapital.com 11.50 ATB Capital Markets Amir Arif aarifatb.com 9.25 BMO Capital Markets Jeremy…
Leadership Paul Colborne Jared Ducs Murray Bye Derek Christie Margaret Elekes President & CEO CFO COO Senior VP, Exploration Senior VP, Land & BD Dan Kelly Grant Cutforth VP, Finance VP, Business Development 18
Board of Directors Paul Colborne Robert Leach 2,5,6 Board Committees President & CEO Independent Director 1. Chair of the Board 2. Member of the Compensation, Nominating and Allison Maher 2,4,5 Corporate Governance Committee. Ms.…
Corporate Information TSX First Lien Lending Syndicate SGY.TO National Bank of Canada ATB Financial Bank of Montreal BDC Capital Canadian Western Bank Auditor Registrar & Transfer Agent Surge Energy KPMG LLP Odyssey Trust…
Appendix
WTI Hedging Summary 12,000 WTI Crude Oil Derivative Contracts 10,000 Swaps Collars Bought Put Sold Put Average Avg. Average Avg. Avg. 8,000 Period Volumes Volumes Bought Volumes Volumes Price Sold Call Price Price Volumes per…
Hedging Detail WCS and MSW Derivative Contracts Natural Gas Derivative Contracts WCS: Swaps MSW: Swaps Swaps Collars Average Average Period Volumes Avg. Price Volumes Avg. Price Period Vol. Avg. Price Vol. Bought Put Sold Call Q1…
Advisories - Non-GAAP & Other Financial Measures This presentation includes references to non-GAAP and other financial measures used by comparability between periods. Management views decommissioning expenditures decommissioning…
Advisories - Non-GAAP & Other Financial Measures Net Debt and Net Debt to Cash Flow from Operating Activities Operating Netback, Operating Netback per boe, and Adjusted Funds Flow per boe Net debt is a non-GAAP financial measure,…
Loading...
