Mach Natural Resources Investor Presentation August 2024 Mach Resources. All Rights Reserved. 1
Disclaimer and Forward-Looking Statements Thi s presentation is being provi ded by Mach Natural Resources LP (the Company) for informational purposes FORWARD-LOOKING STATEMENTS (CONTINUED) only. No persons hav e been aut horized to make…
Mach Natural Resources At a Glance Key Statistics Area of Operations Ticker: NYSE: MNR Unit Price (1): 19.25 Market Cap (B): 1.8 Enterprise Value (B): 2.8 Liquidity (2) (MM): 215 Leverage (3): 0.9x Anadarko Basin Net Acres…
Our Four Pillars MAINTAIN FINANCIAL Focused on SUSTAINING FINANCIAL STRENGTH through all commodity STRENGTH UNDERPINNED cycles by maintaining a LOW DEBT TO ADJUSTED EBITDA RATIO of 1x BY LOW LEVERAGE or less Committed to executing…
Strong Track Record Across Commodity Cycles Machs Expertise: Exploiting the Acquisition Opportunity Set and Delivering Robust Distributions Since its 2018 inception, Mach has closed 17 transactions totaling 1.9B, accumulated 1 million…
Cash Return on Capital Invested Track Record of Strong Returns Track record of strong CROCI (1) through Cash Return on Capital Invested (CROCI) (1) commodity cycle fluctuations Our LOW BASE DECLINE allows for Mach Natural Resources…
Our Focus is Maximizing Cash Distributions History of Strong Cash Distributions Across Exposure to Commodity Prices Our cash distributions are variable and sensitive to commodity prices. Commodity Cycles The price sensitivities below…
Acquisitions Our Approach and Expertise Mach: Adept at Adding Reserves via Low- Cost Acquisitions All assets to-date acquired at a DISCOUNT TO PDP PV-10 For the last five years, the Mid-Continent has provided the most attractive…
Investment Highlights Attractive Opportunity for Yield-Focused Low Base Decline & Low Reinvestment Rate allow Investment for Strong Cash Flow Machs variable distribution structure offers flexibility over Mach YTD2024 reinvestment rate…
Texas Pacific Land Corp. (1) FactSet. Diamondback Energy YTD 2024 30% Sable Offshore Ring Energy TXO Partners Total Shareholder Return (1) (TSR) Exxon Mobil Antero Resources Vitesse Energy, 3 rd Amplify…
We Are An Acquisition Company Mach: Founded on the Principle of Maximizing Distributions By Acquiring Free Cash Flowing Assets Machs portfolio today is focused in the Anadarko Basin We are ACTIVELY EVALUATING OPPORTUNITIES within M&A…
Our Current Area of Operations Most Recent Acquisition Enhanced Our Core Machs STACK / SCOOP / MERGE Focus Area The map below shows the various hydrocarbon phase windows, as well Development Area in Anadarko Basin as Machs current…
Oswego Development Machs Low-Cost Oswego Development Program MACH BEGAN DEVELOPING THE OSWEGO IN 2021 using acid stimulation instead of typical proppant completion By using acid instead of proppant, Mach has lowered average D&C costs…
Q2 2024 Results Q2 2024 Full Year 2024e Actual Guidance Second Quarter 2024 Highlights Total Net Production 89.3 82.2 87.2 Averaged total net production of 89.3 (MBOED) MBOED exceeded high-end of guidance Oil Production 20.9 19.4…
Our Four Pillars MAINTAIN FINANCIAL Focused on SUSTAINING FINANCIAL STRENGTH through all STRENGTH UNDERPINNED commodity cycles by maintaining a LOW DEBT TO ADJUSTED EBITDA RATIO of 1x or less BY LOW LEVERAGE Committed to executing…
Appendix 16
Mach Debt Profile 660MM 215MM Term Loan Amortization Summary (MM) NE T DE BT(1) LI QUI DITY ( 2) 83 62 Term Loan Summary 21 21 21 804MM OUTSTANDING face as of 6/30/2024 10% required annual amortization began in Q2 2024 1Q24A…
Q2 2024 Financial Info. and Non-GAAP Reconciliations Q2 2024 Q2 2024 (1)(2)(3) Q2 2024 Income Statement Operational Statistics Non-GAAP Reconciliations Net Production Net Daily Production Net Income to Adjusted EBITDA Oil (MBbl) 1,903…
(1) YTD 2024 Financial Info. and Non-GAAP Reconciliations YTD24 YTD24 (2)(3)(4) YTD24 Income Statement Operational Statistics Non-GAAP Reconciliations Net Production Net Daily Production Net Income to Adjusted EBITDA Oil (MBbl) 3,776…
Hedge Summary as of August 1, 2024 2024 2025 2026 NYMEX Swaps Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Natural Gas (HH): Hedged Volume (MMBtu) 10,653 10,158 4,860 4,680 4,510 4,360 - - Weighted Average Swap…
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