Skip to main content February 2015 Corporate Presentation – Crescent Point Energy Corp. | Shale Experts
Loading...
Pm

February 2015 Corporate Presentation – Crescent Point Energy Corp.

Crescent Point Energy Corp. · Feb 17, 2015 · 25 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. February 2015 Corporate Presentation – Crescent Point Energy Corp. – slide 1
    CORPORATE PRESENTATION February 2015
  2. February 2015 Corporate Presentation – Crescent Point Energy Corp. – slide 2
    COMPANY SNAPSHOT: CPG (TSX AND NYSE) Market Capitalization: 13.5 billion (447.0 million shares fully diluted)(1) Net Debt: 2.8 billion(2) Enterprise Value: 16.3 billion 2015 Average Production: 152,500 boe/d (90% oil weighted)(3)…
  3. February 2015 Corporate Presentation – Crescent Point Energy Corp. – slide 3
    THE CRESCENT POINT ADVANTAGE Proven Management Team Proven track record of reserves, production and cash flow growth 5-year weighted average F&D of 17.91 with a recycle ratio of 2.7 times(1) 10-year total shareholder return of 243%…
  4. February 2015 Corporate Presentation – Crescent Point Energy Corp. – slide 4
    BUSINESS STRATEGY Develop and Exploit Increase recovery factors through step-out and infill drilling, waterflood optimization and improved technology Acquire Focus on high-quality, large resource-in-place pools with the…
  5. February 2015 Corporate Presentation – Crescent Point Energy Corp. – slide 5
    PROVEN TRACK RECORD 160,000 3,000 Production (boe/d) Funds Flow (millions) 2,500 120,000 2,000 80,000 1,500 1,000 40,000 500 0 0 2014E 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014E 2004…
  6. February 2015 Corporate Presentation – Crescent Point Energy Corp. – slide 6
    HEDGING STRATEGY Total Oil Hedges 70,000 60% 53% 70% 60,000 2015 average floor Price = C90/bbl 60% 50,000 50% Percent hedged 40,000 27% 40% bbl/d 30,000 30% 20,000 20% 8% 10,000 5% 10% - 0% Q4 14 Q1 15 Q2 15 Q3 15 Q4…
  7. February 2015 Corporate Presentation – Crescent Point Energy Corp. – slide 7
    HEDGING POSITION 2015 Large Producer and Dividend Company Oil Hedges(1) 70% 60% 50% 40% 30% 20% 10% 0% Well hedged during current oil price environment CRESCENT POINT ENERGY CORPORATE PRESENTATION FOOTNOTES INCLUDED…
  8. February 2015 Corporate Presentation – Crescent Point Energy Corp. – slide 8
    BALANCE SHEET STRENGTH 11.0x Canadian E&P Leverage at 53 WTI(1) Forward 2014E Debt to 2015E Cash Flow (Futures Strip) 9.0x 7.0x 5.0x Average 2.3x CPG 3.0x 1.7x 1.0x -1.0x Strong balance sheet provides…
  9. February 2015 Corporate Presentation – Crescent Point Energy Corp. – slide 9
    FOCUSED GROWTH Strategic positions in four of the top seven medium to light oil resource pools in Canada (including Viking)(1) Largest player in the OOIP 5.3 billion Canadian Bakken, which has barrels the strongest break-even…
  10. February 2015 Corporate Presentation – Crescent Point Energy Corp. – slide 10
    VIEWFIELD BAKKEN Q3/14 production of 60,000 boe/d CPG Stoughton Rail Station 2,200 gross wells on production and 1,725 net drilling locations in inventory (9 year inventory)(1) 4.6 billion barrels of original oil in place with a…
  11. February 2015 Corporate Presentation – Crescent Point Energy Corp. – slide 11
    SHAUNAVON Q3/14 production of 23,000 boe/d 650 gross wells on production and 1,800 net locations in drilling inventory (17 year inventory)(1) 5.3 billion barrels of original oil in place with a recovery factor of 0.8%(2) Latest…
  12. February 2015 Corporate Presentation – Crescent Point Energy Corp. – slide 12
    UINTA BASIN Multi-Zone Basin Crescent Point Energy lands Q3/14 production of 14,000 boe/d(1) Type Well Economics Jan 1 2015 GLJ Price Deck(4): Cost Type Well Cost per NPV 10% Rate of Payout 1,000 net low-risk vertical…
  13. February 2015 Corporate Presentation – Crescent Point Energy Corp. – slide 13
    FLAT LAKE: TORQUAY (THREE FORKS) & BAKKEN Torquay edge USA border Flat Lake Torquay lands Viewfield Bakken and SE Saskatchewan Conventional lands New discovery of 1 billion barrels of original oil Type Well Economics Jan…
  14. February 2015 Corporate Presentation – Crescent Point Energy Corp. – slide 14
    MANAGING THE CURRENT ENVIRONMENT Reduce internal costs Reduce costs with service providers Current Continue efficient allocation of capital Focus Maintain an appropriate drilling program Continue implementing new technology to…
  15. February 2015 Corporate Presentation – Crescent Point Energy Corp. – slide 15
    FUTURE GROWTH OUTLOOK Develop and exploit large inventory of economic wells Apply horizontal development within emerging Uinta play Advance and grow highly economic discovery at Flat Lake (Torquay) Increase recovery factors and…
  16. February 2015 Corporate Presentation – Crescent Point Energy Corp. – slide 16
    APPENDIX
  17. February 2015 Corporate Presentation – Crescent Point Energy Corp. – slide 17
    PER SHARE FOCUS Production per Share Reserves per Share 2.25 360 CAGR 5.3% 2 CAGR 4.7% 320 1.75 280 1.5 240 1.25 200 1 (1) (1) (1) (1) 2010 2011 2012 2013 2010 2011 2012 2013…
  18. February 2015 Corporate Presentation – Crescent Point Energy Corp. – slide 18
    PIONEER IN ADVANCING NEW TECHNOLOGY 2008 - 2009 2010 - 2012 2013 - 2014 Completed first cemented liner in the Bakken Expanded waterflood area within the core of the Became the largest driller of horizontal wells in oil resource…
  19. February 2015 Corporate Presentation – Crescent Point Energy Corp. – slide 19
    TECHNOLOGY + PATIENCE CREATES VALUE Technology has shown to be a significant value creator over time Rewarded for a patient drilling strategy, which is supported by our dividend plus growth model In-house technology expertise…
  20. February 2015 Corporate Presentation – Crescent Point Energy Corp. – slide 20
    IMPACT OF TECHNOLOGY IMPROVEMENTS Viewfield Bakken Fresh Water Usage per well Viewfield Bakken Drilling Progression Spud to Rig Release 900 16 750 12 600 Days Water (m3) 450 8 300 4 150 0 0 2009 2010 2011 2012…
  21. February 2015 Corporate Presentation – Crescent Point Energy Corp. – slide 21
    BUILDING FREE CASH FLOW ASSETS Viewfield Bakken Cash Flow vs Capex (MM) Shaunavon Cash Flow vs Capex (MM) 1,600 600 1,200 450 800 300 400 150 - - Yr 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8E(1) Yr 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6E(1)…
  22. February 2015 Corporate Presentation – Crescent Point Energy Corp. – slide 22
    18 BILLION INVENTORY DRIVES LONG-TERM GROWTH Total Reserves and resources Potential Total other than First Month Risked Finding & Capital(1) Reserves(2) Production Rate Development Cost Risked per Area Net Wells (MM) (Mboe)…
  23. February 2015 Corporate Presentation – Crescent Point Energy Corp. – slide 23
    ACQUISITION HISTORY: RESERVES MORE THAN DOUBLED Initial P+P Estimated Current P+P Total P+P Reserves Production Reserves Reserves Increase in P+P % Increase in Property (Mboe) (Mboe)(1) (Mboe)(1)(2) (Mboe)(1) Reserves (Mboe)…
  24. February 2015 Corporate Presentation – Crescent Point Energy Corp. – slide 24
    CASH FLOW IS A BETTER PROXY FOR PERFORMANCE Peer analysis solely on net income does not account for various non-cash charges such as Crescent Points hedging strategy Crescent Point Energy Corp. (millions) Q3/14A 2013A Net income…
  25. February 2015 Corporate Presentation – Crescent Point Energy Corp. – slide 25
    www.crescentpointenergy.com BANKER Bank of Nova Scotia AUDITOR PricewaterhouseCoopers LLP LEGAL COUNSEL Norton Rose Fulbright Canada LLP EVALUATION ENGINEERS GLJ Petroleum Consultants Ltd Sproule Associates Ltd REGISTRAR &…

From the store

Browse maps, data & reports in the Shale Experts store