Investor Presentaiton
CRESCENT POINT
| CORPORATE PRESENTATION
Strategic Priorities
Operational
Execution
Continue to enhance asset level
returns through efficiencies and
productivity improvements
Execute organic growth plan
while generating significant
operational synergies from the
announced Transaction
Balance Sheet
Strength
1.1 1.2x D/CF at YE 2024
(US$75 - US$80 WTI) and established
a near-term target of ~1.0x
(mid-cycle pricing)
Allocating ~40% of excess cash
flow to balance sheet with a third
of 2024 production currently
hedged at attractive pricing
Increasing
Return of Capital
Increasing base dividend -15%,
while continuing to return -60% of
excess cash flow to shareholders
As balance sheet strengthens
further, CPG plans to increase its
return of capital allocation
All figures are estimates. D/CF is equivalent to net debt to adjusted funds flow. YE 2024 D/CF is based on 2024E production of 145,000 - 151,000 boe/d from CPG's existing assets and production of 56,000 boe/d from the acquired assets, US$75 -
US$80/bbl WTI and $3.50/mcf AECO. Subject to the closing of the Transaction, market conditions and the approval of CPG's Board of Directors, CPG intends to increase its dividend; the declaration of which is anticipated to be in early 2024.
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