Enerplus Q1 2023 Update
enerPLUS
Strong liquidity and low financial leverage
Significant liquidity
Liquidity position at March 31, 2023 ($ millions)
Enerplus was the first North American E&P to transition its principal credit facility to a Sustainability
ESG Linked Credit Facility, incorporating ESG performance targets
Track record of low financial leverage
Net debt to adjusted funds flow ratio
A
Multi-year track record of operating at or
below a 1x ND/AFF ratio, annually
-$1.3Bn
Liquidity
Cash + Undrawn
Credit Facilities
SENIOR NOTES
Avg. interest rate: 4.2%.
3x
Net debt as at
Mar 31, 2023:
$150.6 million
2x
1.0x
1x
0.9x
0.6x
0.6x
0.4x
0.2x
0.1x
$80.6
2023
$21.0
$21.0
$80.6
Ox
2024
2025
2026
2017 2018 2019 2020 2021 2022
Q1
2023
Undrawn Credit Facilities + Cash
Senior Notes
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