Whistler Institutional Investor Conference – Baytex Energy Corp.

Baytex Energy Corp. · Jan 24, 2014 · 6 slides

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Slides

CIBC World Markets WHISTLER INSTITUTIONAL INVESTOR CONFERENCE James Bowzer Whistler, British Columbia President and Chief Executive Officer January 22-24, 2014 Brian Ector Vice President, Investor Relations
Corporate Profile Summary of Securities Trading Symbol TSX / NYSE: BTE Average Daily Volume (1) Canada: 590,400 / U.S.: 145,500 Shares Outstanding (Current) 125.4 million Market Capitalization / Enterprise Value 5.2 billion / 6.0…
Investment Highlights Superior Asset Base Income Payout Proven Track Record - Low cost development - Committed to paying a - Best-in-class balance sheet inventory oil focus meaningful dividend - Sophisticated risk - Sector leading…
Operating Areas Production (Q3/2013) Company Total = 60,184 boe/d Lloydminster Peace River Heavy Oil 32% Heavy Oil 43% Light Oil 14% Gas 11% Operating Income (Q3/2013) Company Total = 234 million (42/boe) Lloydminster…
2014 Operating Plan Targeting 6% Growth 2014 Production Guidance 2014 Capital Budget and Wells Drilled Amount Wells Drilled - 485 million capital budget ( millions) (net) Peace River 95% of expenditures directed Conventional 178 36…
2014: A Break Out Year for Canadian Heavy - Q3/2013 WCS heavy oil differential = 17% of WTI - Weak Q4/2013 WCS heavy oil differential = 33% of WTI - Planned and unplanned refinery outages - Pipeline maintenance - Increased supplies…