November 2024 Business Update Presentation – MEG Energy
MEG Energy ·
Nov 26, 2024 · 41 slides
Investor presentation from the Shale Experts oil & gas presentation and slide database . Every page is imaged and its text indexed for search across operators, plays, basins and time.
Slides
Canadas leading pure play oil sands producer Long Life (50-Year RLI)4 Low Cost Low Risk
Sustainable returns to shareholders through low-risk, low-cost operations
Four-pillar strategy for building shareholder value
Consistently delivering results
Our path to disciplined growth, financial resilience and innovation
Delivering shareholder value
Development plan for disciplined growth --
Capital return program drives accelerated value per share 4.5B Projected Cumulative Free Cash Flow
Premium quality assets reduce risk and drive multi-year value Surmont Edmonton Calgary Christina Lake Other Properties
Delineated high-quality resource underpins value realization CPF
Reservoir quality, well design and operational strategies improve per well productivity Peer MEG
MEGs evolved operating model drives industry leading SOR
Leaders in innovative SAGD development
Capital-efficient expansion enables access to higher quality resource
Known technology, clear plan, proven team
Maintenance strategies drive reliable operation and reduced downtime 1 10 1 10
Track record of improving results
Relentless focus on remaining a safe and reliable low-cost operator
The world requires Access Western Blend (AWB) Total Crude Demand by Global Region Exports Eurasian Demand Global Exports
Market access underpins increased netbacks and reduced differential volatility
Debt target achieved 900 600 300 0 2024 2025 2026 2027 2028 2029
Balancing growth investments and shareholder capital returns
Setting the stage for long-term value Production 95,000 105,000 bpd Non-energy operating cost per barrel 5.30 to 5.80/bbl Well Pads & Infrastructure 420 mm Turnaround 70 mm Corporate, Other 15 mm Facility Expansion Project 130…
Competitive payout ratio MEG
Self-funded plan with substantial upside
Sustaining capex
Development plan and capital returns compound value
Sustainable returns to shareholders through low-risk, low-cost operations
Q&A
SLIDE NOTES
ADVISORIES
ADVISORIES
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