Investor Presentaiton

Peer Leading EBITDA-to-FCF Conversion and Net Leverage Free cash flow as a percentage of EBITDA leads peers • No debt obligations Free Cash Flow as a % of EBITDA, SD to Peers (29)(30) 100% 50% 0% -50% -100% ויי -150% SD 2021 Peer 1 Peer 2 Peer 3 Peer 4 Peer 5 Peer 6 Peer 7 Peer 8 Peer 9 Peer 10 Peer 11 Peer 12 Net Leverage Ratio, SD to Peers (30)(31) 6.0x 14 5.0x 4.0x 3.0x 2.0x 1.0x n.a. n.a. 0.0x SD 2021 Peer 11 Peer 4 Peer 3 Peer 9 Peer 8 Peer 5 Peer 10 Peer 2 Peer 12 Peer 6 Peer 7 Peer 1 SandRidge Energy, Inc. NYSE: SD

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