EXCO Resources, Inc. Investor Presentation December 2014
Management Participants Hal Hickey President & COO Ricky Burnett VP, CFO & CAO
Recent Initiatives EXCO is well positioned for the current commodity cycle Reduced debt and increased liquidity Completed rights offering Termed portion of capital structure Added hedges Strong technical and operational expertise…
Commodity Portfolio is Weighted Toward Natural Gas Approximately 90% of production is natural gas Security CL1 COMB Comdty Start Date 12/2/2013 Hedge position helps protect cash flow and provides some exposure to commodity…
East Texas / North Louisiana EXCO Q3 2014 average daily production 242 Mmcfe/d net Shale Play 466 EXCO operated wells flowing to sales (386 EXCO Acreage LA / 80 TX) 199 non-operated wells Net shale acreage totals 71,000 (99%…
East Texas 2014 Shelby Program Exceeding Expectations Jacob SU 1H Crenshaw SU 1H Shelby Area Eight well 2014 program consisted of five (Haynesville) (Haynesville) wells targeting the Haynesville and three wells targeting the…
North Louisiana Bossier Shale Plans in Holly Area Opportunity to transfer learnings North Louisiana Bossier from East Texas completion and flowback modifications to Bossier shale in North Louisiana Two existing wells Potential to…
North Louisiana Base Optimization Focused on reducing declines and Initial Refrac increasing returns on maturing assets Base initiatives offset PDP declines and reduce capital intensity Refrac opportunities Artificial lift Field…
South Texas Concentrated acreage position in oil window Core Area Acreage 49,000 net acres (11,700 net in Core) Optionality on farm-in acreage Operated production of 5,839 BOE/d1 net from 170 producing wells Initiating Buda…
South Texas Operational Excellence Third quarter activity Spud to Rig Release Improvements Operated an average of two rigs 18 11 gross wells (2.7 net) drilled; 14 gross wells 16 (2.9 net) turned-to-sales 31 wells in inventory as of…
Appalachia Central Maintain optionality with minimal Development Area cost to carry Northeast Development Area Q3 2014 average daily production 56 Mmcfe/d net total West Virginia Central Appraisal 42 Mmcfe/d net Marcellus…
South Texas 2015 Offer Wells 2015 Q1 7 Wells Q2 Q3 Q4 41 Offer 25 to 11 Wells 11 Wells 12 Wells Wells Wells1 30 mm Currently seven wells are eligible for the first quarter 2015 offer process; EXCO is providing an estimate for…
Debt and Liquidity September 30, 2014 PF Compass Divestiture and 855 million of pro forma liquidity ( in thousands) Actual BB Increase 65 million cash Cash and restricted cash1 65,143 65,143 790 million available on credit…
Current Hedge Position Effective Date 12/1/14 Look to add multi-year term to hedge portfolio through utilization of swaps, costless three-way collars and unhedged volumes to provide some exposure to commodity price increases while…
EXCO Resources, Inc. Appendix
EBITDA and Adjusted EBITDA Reconciliation Three Months Ended Three Months Ended Three Months Ended Nine Months Ended (in thousands) March 31, 2014 June 30, 2014 September 30, 2014 September 30, 2014 Net income (loss) (4,606) 2,293…
EBITDA and Adjusted EBITDA EBITDA and Adjusted EBITDA Earnings before interest, taxes, depreciation, depletion and amortization, or EBITDA represents net income adjusted to exclude interest expense, income taxes and depreciation,…
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