NYSE: AMPY Amplify Energy Corp. May 2025 Investor Presentation May 12, 2025
Non-GAAP Disclosure Use of Non-GAAP Financial Measures. Amplify uses the non-GAAP financial measures of Adjusted EBITDA, Adjusted net income (loss), free cash flow, net debt, PV-10 and cash G&A. The accompanying schedules include the…
Robust, Low-Decline, Cash Generating Assets Asset Overview Asset Locator Map Diversified Production: 62/38 liquids and gas mix (46% oil) from 5 producing basins in different areas of the U.S. mitigates regional pricing and…
Key Highlights Delivered 19 MM of Adjusted EBITDA in 1Q25, 98 MM LTM Focused Operational Expanding Magnify Energy Services to lower operating costs and improve service reliability Excellence1 Completed Beta facility upgrade which…
Compelling Valuation with Additional Upside Key Points Proved Reserves Summary1,2 Proved reserve (1P) value at various flat pricing scenarios Net Total % PD PV-10 & PUD PV-201 is greater than Amplify's current enterprise value…
Low-Decline, Mature Producing Properties Key Points YE 2024 PD Production Forecast (MBoe/d)2 Amplifys legacy PD reserves base is expected to generate substantial free 25 cash flow over the next ten years and beyond1,2 20…
Maintaining Financial Discipline Through Cycles Key Points Free Cash Flow Over Time ( MM)1,2,3 Our diversified, low-decline, PDP-heavy portfolio, paired with a commitment to operational efficiency and the low-capital Revenue…
Beta Development 2024 Program Grew Production Significantly Key Points Beta Production Growth1 Increased Beta oil production by 35% since early 2024 after completing 4 wells 6,000 within the past year A 50 (D-Sand) well brought…
Beta Development (Contd) D Sand Exceeding Beta Type Curve Key Points Beta D Sand New Drills Exceeding Type Curve2 All 3 new D Sand wells are exceeding the Beta type curve Type Curve A 50 C 59 C 54 225,000 C542 well exhibiting the…
Beta Development (Contd) 2024 Program Outperforming Key L48 Basins Key Points Recent Beta development demonstrates lower breakeven prices than any resource play in the lower 48 Beta development economics are enhanced due to…
Beta Development (Contd) Significant Remaining Locations Identified Key Points Extensive Beta PUD Locations Identified Currently 25 YE24 PUD locations identified with 144 million of PV101 value at 65 / 4.00 flat pricing PDP Wells…
Beta Development (Contd) Significant Future Potential Type Log Showing Primary Development Targets Key Points Based on current PDP projections and the PUD type curve, estimated cumulative recovery only 128 Million bbls of oil after…
Steady Cash Flowing Assets Fund Development Key Points Asset Locator Map Amplifys legacy onshore asset base includes predictable, low-decline assets containing low-risk / low-cost upside Bairoil Oklahoma: Highly successful…
Investment Highlights Strong Balance Sheet, Beta Development and Operational Efficiency Initiatives Drive Shareholder Value with Portfolio Optionality to Accelerate Value Enhancement Implied Year-End 2024 1P Equity Value…
Appendix NYSE: AMPY
Amplify Corporate ESG Profile Dramatically reducing GHG emissions by optimizing asset infrastructure Reduced Scope 1 GHG emissions 60% since 2018 Environmental No routine methane flaring Focus Performing platform electrification…
2025 Guidance and Details Updated Previous - FY 2025E Updated - FY 2025E Low High Low High Net Average Daily Production Oil (MBbls/d) 8.5 - 9.4 8.3 - 8.9 NGL (MBbls/d) 3.0 - 3.3 3.0 - 3.3 Natural Gas (MMcf/d) 45.0 - 51.0 45.0 - 50.0…
Oklahoma Overview Key Points Asset Locator Map 1Q25 Production (MBoe/d) YE 2024 1P Reserves (MMBoe) Other Amplify Assets Oklahoma Key Stats Net Acres: 95,000 acres1 WI %: 76%1 Net Production: 4.4 MBoe/d2 Liquids Mix:…
Bairoil Overview Key Points Asset Locator Map 1Q25 Production (MBoe/d) YE 2024 1P Reserves (MMBoe) Amplify Leasehold Fremont Carbon Other Amplify Assets Bairoil Sweetwater Key Stats Net Acres: 7,000 acres1 WI %:…
Beta Overview Federal Waters Key Points Asset Locator Map 1Q25 Production (MBoe/d) YE 2024 1P Reserves (MMBoe) Other Amplify Assets Beta Key Stats Net Acres: 17,000 acres1 WI %: 100%1 Net Production: 3.5 MBoe/d2 Amplify…
East Texas / North Louisiana Overview Key Points Asset Locator Map 1Q25 Production (MBoe/d) YE 2024 1P Reserves (MMBoe) Other Amplify Assets ETX / NLA Key Stats Net Acres: 180,000 acres1 WI %: 56%1 Net Production: 6.3…
Eagle Ford Overview Key Points Asset Locator Map 1Q25 Production (MBoe/d) YE 2024 1P Reserves (MMBoe) Other Amplify Assets Eagle Ford Key Stats Net Acres: 800 acres1 WI %: 8%1 Net Production: 0.5 MBoe/d2 Liquids Mix:…
Solidified FCF Generation with Pricing Upside Key Points Oil Hedge Position1,2 Amplify maintains a robust hedge book to support our cash flow profile and provide downside protection in weak commodity environments 75 - 80% 50 -…
Crude Hedge Detail 2025-2027 Crude Hedge Breakdown Period Bal251 FY2026 FY2027 Strip Pricing as of 5/9/2025 59.96 59.78 60.77 Swap Total Volumes (MBbl) 1,273 1,506 368 Daily Volumes (Bbl/d) 4,629 4,126 1,008 W. Avg. Fixed Price…
Natural Gas Hedge Detail 2025-2027 Natural Gas Hedge Breakdown Period Bal251 FY2026 FY2027 Strip Pricing as of 5/9/2025 4.10 4.40 3.93 Swap Total Volumes (MMcf) 5,040 6,180 1,650 Daily Volumes (Mcf/d) 18,327 16,932 4,521 W. Avg.…
Non-GAAP Reconciliations Twelve Months Twelve Months Twelve Months Three Months Three Months Three Months Three Months Ended Ended Ended Ended Ended Ended Ended December 31, 2024 December 31, 2023 December 31, 2022 March 31, 2025…
Non-GAAP Reconciliations (Contd) Twelve Months Twelve Months Twelve Months Three Months Three Months Three Months Three Months Ended Ended Ended Ended Ended Ended Ended December 31, 2024 December 31, 2023 December 31, 2022 March…
Non-GAAP Reconciliations (Contd) Three Months Twelve Months Ended Ended December 31, 2024 December 31, 2024 (Amounts in 000s) Revenue Payables in Suspense Oil and natural gas sales - 4,023 Other revenues - 4,829 Severance…
Non-GAAP Reconciliations (Contd) Reconciliation of Net Income to Adjusted Net Income Amplify defines Adjusted Net Income (Loss) as net income (loss) adjusted for unrealized loss (gain) on commodity derivative instruments, acquisition…
Non-GAAP Reconciliations (Contd) Reconciliation of Total G&A to Cash G&A Amplify defines cash G&A as general and administrative expense, less share-based compensation expense; acquisition and divestiture costs; bad debt expense; and…
Non-GAAP Reconciliations (Contd) Reconciliation of PV-10 to Standardized Measure Amplify defines PV-10, which is a non-GAAP financial measure that represents the present value of estimated future cash inflows from proved oil and…
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