PETERS & CO. LIMITED ENERGY CONFERENCE Sherri Brillon, Executive Vice-President & CFO Encana Corporation September 9, 2014
Business Strategy GETTING BACK TO WINNING VISION: LEADING NORTH AMERICAN RESOURCE PLAY COMPANY STRATEGY: DISCIPLINED FOCUS ON GENERATING PROFITABLE GROWTH GOAL: GROWING SHAREHOLDER VALUE Balanced liquids and natural gas 2017…
2013 2017 Strategy Scorecard DISCIPLINED FOCUS ON GENERATING PROFITABLE GROWTH Portfolio Operational Balance Sheet Transition Excellence Strength Focused and disciplined Cost structure reset Business model not capital allocation to…
Year To Date Highlights* EXECUTING ON STRATEGY Portfolio Operational Balance Sheet Transition Excellence Strength Allocated 80% of 1H 2014 1H 2014 costs savings of 100 Debt reduced by 1B with no capital to growth plays million from…
Focusing Our Business RAPID PORTFOLIO TRANSITION CONTINUES A&D activity has accelerated the strategy and sharpened our focus Replacing natural gas production with high-margin liquids Addition of Eagle Ford as 6th growth play 2.9…
Encanas Growth Plays LIQUIDS RICH & OIL OPPORTUNITY SET Returns 40% Liquids rich and oil assets Running room and scalability - growth potential of 50,000 boe/d Best rocks Diversification of commodity, geography and life…
Operational Update Strong YTD* operational performance across the portfolio Type curve performance meeting or exceeding expectations YTD* 2014 netbacks up 84% (excluding hedges) compared to 2013 (43% including hedges) Lower drilling…
2013 2014F Total Liquids Production* 140,000 Eagle Ford 2014 Deliverables 120,000 1st half measurable cost Growth plays improvements 100,000 Base 2nd half visible progress on growth assets bbls/d 80,000 60,000 40,000…
Focused on Growing Value, not Volumes GROWTH ASSETS DELIVER HIGHER MARGINS THAN BASE IN 2014 GROWTH ASSET PRODUCTION 5.75/ PRODUCTION Mcfe 3.40/ Replacing lower margin production Mcfe with higher margin production from six…
Disciplined Focus on Profitable Growth VISION: Leading North American oil and gas resource play company High quality rocks Scale and running room Operational excellence Portfolio optionality STRATEGY: Disciplined focus on…
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