Investor Presentaiton
Return of Capital Track Record
Summary (C$ MM)
$1,350
$1,200
$1,050
$900
$750
$600
$450
$300
$150
$55
$9
$0
2017A
2018A
PAREX RESOURCES INC.
Levers
$300
2019A
Share Buyback
$230
$334
~$430
>$1,350
2020A
2021A
2022F (3) Total
Dividend
•
Active normal course issuer bid (NCIB) program
Over past three years have purchased full 10%
allowable pursuant to NCIBS
In 2022, committed to full 10% share buyback for the
fourth year in a row
Since 2017, have returned over C$1B to shareholders
through share repurchases (1)
Quarterly regular dividend
•
Initiated regular dividend in Q3 2021
Approved 12% increase in February 2022 and
subsequent 50% increase in May 2022
No debt and US$287MM (2) of working capital
provides optionality to further enhance shareholder returns
Management track record of consistent and prudent return of capital measures
(1) From 2017 to Apr. 29, 2022. (2) As at Mar. 31, 2021; capital management measure; see advisory. (3) PXT share price assumption of C$28 per share; USD/CAD assumption: 0.80; based on paid Q1 2021 dividend and C$0.25 per share quarterly dividend for the remainder of the year.
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