Investor Presentaiton
CRESCENT POINT | CORPORATE PRESENTATION
•
Transaction is Accretive to 5-Year Plan
Pro Forma 5-Year Plan:
Disciplined Growth
(US$75 WTI & $3.50 AECO)
Pro Forma 5-Year Plan:
Significant After-Tax Excess Cash Flow
(US$75 WTI & $3.50 AECO)
$4,000
Prior
Production / sh. CAGR: 5%
Pro Forma
6%
Prior
300,000
$8,000
Excess CF / sh. CAGR: 3%
Pro Forma
7%
$3,000
$2,000
$1,000
$6,000
200,000
$4,000
100,000
$2,000
$0
2024E
0
2025E
2026E
2027E
2028E
Cash Flow ($MM)
Pro Forma Production (boe/d)
Development Capital Expenditures ($MM)
Prior Production (boe/d)
Production from acquired assets is expected to grow from ~56,000
boe/d in 2024 to ~80,000 boe/d in 2026 and stay flat for the
remainder of the 5-Year plan
5-year expected cumulative asset level FCF (NOI-Capex) of $2.6B
(~5-year payback on purchase price)
$0
2024E
2025E
2026E
2027E
Prior Cum. Excess CF ($MM) Pro Forma Cum. Excess CF ($MM)
$6.1B
↑ +20% are
$4.3B
2028E
Key Metrics
2024E
2028E
Annual Avg. Production (boe/d)
Development Capital Expenditures
Reinvestment Ratio
204,000
260,000
$1.5B
$1.4B
57%
50%
Year-End Leverage Ratio (D/CF)
Base Decline Rate
1.1x
0.4x
30%
27%
All figures are approximates. Per share amounts do not include any assumption of future share repurchases.
Outlook is derived by utilizing, among other assumptions, historical production performance. Reinvestment ratio is defined as development capital expenditures as a % of cash flow. Assumes AECO of $3.50/Mcf in 2024-2028. Forecasts beyond 2023
have not been finalized and are subject to a variety of factors including prior year's results. NOI: net operating income. 2024 key metrics based on the mid-point of preliminary guidance.
4View entire presentation