Investor Presentaiton
CRESCENT POINT | CORPORATE PRESENTATION
Pro Forma Capital Markets Summary & Guidance
Capital Markets Summary
CPG (TSX and NYSE)
Share Price
Shares Outstanding
Avg. Daily Trading Volume
Dividend Yield
Market Capitalization
Net Debt
Enterprise Value
C$9.86/US$7.17
2024 Preliminary Guidance
Prior
Po Forma
Prior
C$9.86/US$7.17
Annual Avg. Production (mboe/d)(1)
145-151
Pro Forma
200-208
525.1 million
625.5 million
Capital Expenditures
8.3 million
8.5 million
Development Capital Expenditures ($MM)
Capitalized Administration ($MM)
$1,050 $1,150
$1,450 $1,550
$40
$40
3.6%
4.7%
Total ($MM) (2)
$1,090 $1,190
$1,490 $1,590
$5.2 billion
$6.2 billion
$2.2 billion
$7.4 billion
$3.7 billion
$9.9 billion
Prior dividend yield is based on quarterly base dividend of $0.10/share and pro forma dividend yield based on first quarter
2024 base dividend of $0.115/share, which is subject to Board approval upon the successful closing of the Alberta
Montney Transaction and market conditions. Pro forma capital markets data as at November 7, 2023 pro forma Alberta
Montney Transaction and bought deal offering which closed on November 10, 2023. Prior net debt as at September 30,
2023 net debt pro forma the close of the North Dakota disposition which closed subsequent to the quarter. Prior market
capitalization and enterprise value are based on November 7, 2023 share price and October 24, 2023 share count.
Return of Capital Outlook
1) The revised annual average production (boe/d) is comprised of -65% Oil, Condensate & NGLs and -35% Natural Gas.
Assumes production of 56,000 boe/d (50% oil and liquids) for the assets acquired as part of the Transaction
2) Land expenditures and net property acquisitions and dispositions are not included. Revised development capital
expenditures are allocated as follows: ~90% drilling & development and -10% facilities & seismic
2024 Funds Flow Sensitivities
Quarterly Base Dividend
(Expected to be declared in Q1 2024)
Total Return of Capital
(Base dividend, share repurchases & special dividend)
The planned quarterly base dividend increase to $0.115 per share is subject to approval from the Board of
Directors, the successful closing of the Transaction and market conditions. This dividend increase is expected to be
effective in connection with the first quarter 2024 dividend. Total return of capital is based on a framework that
targets to return to shareholders approximately 60% of excess cash flow
$0.115/share
(4.7% Yield)
-60%
US$1/bbl Change in WTI
$0.25/mcf Change in AECO
~$60 million
~$35 million
(% of Excess Cash Flow)
$0.01 Change in CAD/USD FX
-$50 million
24View entire presentation