Investor Presentaiton slide image

Investor Presentaiton

GRANITE RIDGE Key Investment Highlights Premiere non-operated oil & gas 01 company diversified across 5 leading basins with ~$425 million of 2022E EBITDA 04 Strong 2022E free cash flow² of 02-$240 million Conservative balance sheet with net 03 leverage expected to remain below 0.0x by the end of 2Q'22 1. Based on NYMEX strip pricing as of 5/11/22 2. Free cash flow (FCF) defined as operating cash flow less net capex 3. Depending on redemptions Attractive valuation underpinned by an expected 3.5% - 4.6% dividend yield³ and entry multiple (3.1x EV / 2022E EBITDA) Management team and sponsor highly 05 aligned with public shareholders 06 Scaled platform poised to consolidate the fragmented non-operated market GRANITE RIDGE 17
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