A Powerful Step Forward Expanding Asset Base, Density & Commodity Mix with Acquisition of Liquids-Rich Maverick Natural Resources January 2025
The information contained in this document (the Presentation) has been prepared by Diversified Energy companies, which may result in the combined company not operating as effectively and efficiently as expected, the risk Company PLC…
STRENGTHENING OUR UNIQUE AND PROVEN STRATEGY Commodity Revenue Basin & Geographic Reinvestment Business Segment Diversification Diversification Diversification Diversification Exposure to Premium Operating High-quality Optionality…
A COMPELLING OPPORTUNITY: MAVERICK NATURAL RESOURCES Multi-Dimensional Value Western Anadarko Permian / Central Basin Platform Creation Commodity Diversification Peer Leading Corporate Declines Multi-Basin Portfolio with Asset…
TRANSACTION OVERVIEW Transaction Acquisition of Maverick Natural Resources, LLC for 1,275mm (inclusive of the assumption Structure of net debt, and other credit adjustments) 21.2MM Diversified common shares issued(a) to Maverick…
HIGHLY IMPACTFUL DEAL WITH MULTIPLE VALUE CREATION LEVERS Enhanced Scale of Company and Operations Unlocking Significant Shareholder Value Increased Operational Scale & Liquids Weighting Attractive acquisition valuation of 3.3x LTM…
ACQUISITION DRIVES SIGNIFICANT FREE CASH FLOW GROWTH LTM Free Cash Flow Complementary Cash Flow Profiles Robust and sustainable cash flow profiles from Diversified and Maverick provide platform for continued value creation 345 +57%…
LOGICAL, DISCIPLINED, STRATEGIC TRANSACTION Number of Operated Basins Current Production (MMcfe/d)(a) Overlap in Anadarko and Ark-La-Tex; Entry to Permian Increases production by 40%, liquid weighting by 70% 5 1,202 Immediate…
ENHANCED MARGINS FROM INCREASED LIQUIDS WEIGHTING Liquids Weighting (%) Commodity diversification drives 56% 26% increase in EBITDA per unit 36% 32% 28% 21% Peer Average 16% 15% 9% 9% 9% 6% 0% Peer 1 Peer 2 Peer 3 Peer 4 Peer…
ASSET DENSITY CREATES PREMIER WAB OPERATOR 1.2 Mn Combined Acreage Largest Expansive Undeveloped Joint Development Acreage Position Partnership Program 54 Mboe/d Combined Production Complementary Acreage Leading Public…
WESTERN ANADARKO ASSETS COMPLEMENT EXISTING FOOTPRINT Western Anadarko Overview Combined Western Anadarko Position Maverick Assets 750,000 contiguous net acres allows for G&A and operational synergies Exhibits highly favorable…
ENTRY TO PERMIAN EXPANDS PLATFORM FOR PROVEN STRATEGY Permian Basin Overview Maverick Permian Position Maverick Assets Portfolio concentrated in Northwest Shelf and Central Basin Platform Low decline floods and efficient operational…
ADDING ATTRACTIVE UNDEVELOPED OPTIONALITY IN PORTFOLIO Combined Western Anadarko Position Creating Strategic Optionality in Capital Deployment Total combined undeveloped acres including the attractive Cherokee interval provides…
DIVERSIFIEDS PLATFORM IS BUILT FOR SCALE Unique Infrastructure PLATFORM Built to be Accretive Consolidator Field Operations Midstream/Marketing Corporate Emissions Reduction Well Retirement Significant Operating Scale Top 25…
A PROVEN APPROACH TO SYNERGY CAPTURE Asset Density Accelerates Capturing Synergies Typical Post-Acquisition Opportunity Areas Unlocks significant value and provides sustainable opportunities Expect fast, effective and efficient…
TRANSFORMATIVE VALUE PROPOSITION EBITDA Multiple vs Peers (x) 45% Discount Synergies and liquids margin enhancement To Avg Peer Multiple drive potential EBITDA and Multiple increase 8.6x 30% Discount 7.9x 7.9x to Historical Avg…
MAINTAINING FLEXIBLE CAPITAL ALLOCATION STRATEGY Systematic Debt Reduction Fixed Per-Share Dividend Anticipated reduction in borrowings through Provide a meaningful & sustainable capital amortization of 200 million in 2025 return…
CREATING A PREMIER PRODUCTION COMPANY FOR THE 21ST CENTURY Strategic Transaction to Immediately Accretive to Total Build Scale in Diversified, Leverage and Accelerated Future Low-Risk Business Model Deleveraging Substantial…
Corporate 1600 Corporate Drive Birmingham, Alabama 35238-1087 (USA) div.energy Douglas Kris Wren Smith Senior Vice President Senior Manager Investor Relations & Investor Relations Corporate Communications dkrisdgoc.com…
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