Presidio Production Company Investor Presentation August 2025
Legal disclaimer This presentation and any oral statements made in connection therewith have been prepared and are being provided on a confidential basis to assist interested parties in making their own evaluation with respect to the…
Introduction Section I
Company backgrounds Presidio Background Founded in 2017 and headquartered in Fort Worth, Presidio Petroleum is the last, best Presidio Investment Holdings LLC (Presidio) steward for America's oil and gas wells Will Ulrich Chris…
Presidio / EQV Ventures Projected Key Metrics merge to create a 16% 8% differentiated PDP YieldCo Unlevered FCF PDP Yield (FY26E)1 Decline Rate Transaction Highlights Public operator focused exclusively on acquiring and optimizing…
Substantial low-decline Mid-Continent position Pro Forma Proved Developed Reserves Summary1 Key Asset Statistics Proved Oil Gas NGL Total Well Count Developed Pro Forma (Mbbl2) (MMcf3) (Mbbl) (Mboe) PV-10 Proved Operated 2,314…
Merger consistent with Presidio and EQVs value- oriented thesis Differentiated Combination Simple Business Model Ample Growth Synergistic PDP assets with Predictable cash flows facilitate Proven track record of value comparably…
Presidio meets EQV Ventures' target criteria Presidio merger aligns with EQV goal to bring a world-class PDP YieldCo to the public markets EQV Ventures Target Merger Criteria Significant PDP Asset Value Exclusive focus on PDP…
Presidio pipeline: Impending asset supply wave The opportunity set of PDP assets is only going to grow... The best move, IMHO, would be to find an experienced team that is willing to really work on the optimization of older assets...…
Presidio illustrative pipeline: Potential acquisitions1 Continuously vetting opportunities that would strengthen Presidio as a PDP YieldCo and maximize shareholder returns Average Active Indicative Avg. Average Transaction Wells2…
Attractive initial yield versus peers Unrivaled Anticipated Dividend With Long-Term Sustainability vs. Public Peers1 16% 14% I J 12% Peer-Leading Anticipated 10% H Dividend Yield (%) Peer Avg. G Dividend Yield 8.4%…
Differentiated business model delivers compelling value proposition Presidio Working Interest Peer Royalty Interest Peer Category Metric1 Average2 Average3 Low-Decline, Long Average PDP Decline 8% 24%4 22%4 Operating Metrics…
Transaction overview The combination de-leverages Presidio and creates a platform with a strong strategic purpose and growth potential Transaction Summary Pro Forma Capitalization6 Deal Structure As of De-Spac Transaction Close Presidio…
Presidio Petroleum Section II
Presidio public company vision Repeatable, three-step process to create a growing platform of stable, long duration cash flows with an emphasis on highly-efficient capital allocation and total shareholder return Acquire Optimize…
How Presidio generates value Consistent and repeatable framework to create value and deliver outsized returns to investors Creative Development Capture option value from emerging development plays, commercialize home-grown…
Corporate carve-out and buyout track record Presidio has a track record of successful acquisitions, reducing costs on average by 50% relative to prior owners within one year of closing Cumulative Presidio PDP Wells Under Management1 Month…
Presidio's Kaizen philosophy: We are never done optimizing Continuous Vertical Undeveloped Optimization Integration Acreage Reduced operating expenses Established Trail Dust Accelerated value on 126k 23% Y/Y (Q324/Q323)1 business…
Technology-driven fast feedback loops between Fort Worth and the field AI Clean Field Predictive Gamification: Optimization: Data: Financial Real-Time Incentivizes field Enhances Pumpers deliver Modeling: Dashboards: teams to…
Result: Superior returns on capital employed and profitability Return on Capital Employed1 19.0% 11.9% 9.3% 8.3% 7.6% 7.2% 6.7% 5.8% 3.2% 2.7% 1.7% Presidio Information Energy Consumer Materials Communication Consumer…
Summary Financial Projections Section III
Summary financial projections with illustrative future acquisitions Enterprise Value (MM) Unlevered Free Cash Flow1,2 (MM) 2,000 Common Equity * Preferred Equity Net Debt 350 300 287 1,438 1,500 250 1,157 213 557 200 MM…
Summary financial projections assuming no future acquisitions Total Production (Mboe/d) Total EBITDA (Hedged) (MM) 30 Oil Gas NGL 150% 150 5.0x 25.7 24.1 22.2 125 116 116 4.0x 110 Production Hedged (%) 20 83% 100% 100 3.0x…
Appendix Section IV
Durable yield combined with simple capital allocation strategy for base business Illustrative Unlevered FCF/Sh Utilization NYMEX Strip1 Low Exposure to Common Dividend Preferred Dividend Near-Zero Capex Development Net Debt Reduction…
Unique strategy compares favorably to current public investment opportunities Presidios PDP strategy provides a differentiated mix of high current cash flow yield with low exposure to development risk Asset Type Presidio Operated…
Glossary Cash from Operations: A metric to determine whether a company generates enough cash flow to maintain operations, calculated as Total EBITDA (Hedged) less Interest Expense and Cash Taxes. Dividend Coverage Ratio: A metric that…
Risks related to Presidio's business Presidios business depends on third-party transportation and processing facilities and other assets that are owned by third-parties. The loss of a key member of Presidios management team, upon whose…
Risks related to ownership of company securities and the Business Combination Our sponsor, certain members of the Companys board of directors and certain other Company officers have interests in the Business Combination that are…
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