Investor Presentaiton
CRESCENT POINT | CORPORATE PRESENTATION
Definitions / Specified Financial Measures
Throughout this presentation the Company uses the terms "funds flow" (equivalent to "adjusted funds flow"), "excess cash flow",
"base dividends", "total return of capital", "operating netback", "net debt" and "net debt / funds flow" (equivalent to net debt to
adjusted funds flow from operations and to leverage ratio), which are specified financial measures under National Instrument 52-
112 Non-GAAP and Other Financial Measures Disclosure. Specified financial measures do not have any standardized meaning
prescribed by IFRS and, therefore, may not be comparable with the calculation of similar measures presented by other entities.
The most directly comparable financial measure for adjusted funds flow and excess cash flow disclosed in the Company's
financial statements is cash flow from operating activities, which, for the three months ended September 30, 2023, was $648.9
million. The most directly comparable financial measure for net debt disclosed in the Company's financial statements is long-term
debt, which for the period ended September 30, 2023, was $2.95 billion. The most directly comparable financial measure for
base dividends disclosed in the Company's financial statements is dividends declared, which for the three months ended
September 30, 2023 was $71.7 million. For the quarter ended September 30, 2023, operating netback, adjusted funds flow,
excess cash flow, net debt and base dividends were $47.14/boe, $687.1 million, $321.6 million, $2.88 billion, $53.0 million,
respectively.
Operating netback is a non-GAAP ratio and is calculated as total operating netback divided by total production. Operating
netback is a common metric used in the oil and gas industry and is used to measure operating results on a per boe basis.
Total return of capital is a supplementary financial measure and is comprised of base dividends, special dividends and share
repurchases, adjusted for the timing of special dividend payments.
Enterprise value is a supplementary financial measure and is calculated as market capitalization plus net debt.
Excess cash flow for 2023 to 2028 and 2024 net debt / funds flow are forward-looking non-GAAP measure. Refer to the
Specified Financial Measures section of the Company's MD&A for the period ended September 30, 2023.
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