Investor Presentaiton

Portfolio Transformation with Strategic Alberta Montney Consolidation Alberta Montney & Kaybob Duvernay focused company with complimentary long-cycle Saskatchewan assets R1W6 R2 R3 R4 R5 R6 R7 Volatile Oil Black Oil Liquids-Rich T70 T69 T68 Lean Gas T67 T66 T65 T69 T68 T67 T66 T65 On a pro forma basis, the transaction is... Highly Strategic Enhances sustainability with corporate premium drilling inventory estimated to exceed 20 years Ownership of significant infrastructure with secured market access in place for future scalability Significantly Accretive Expected to result in >15% per share accretion to excess cash flow and return of capital, on average, over the company's 5-year plan Planning to increase the base dividend by 15% to $0.46/share (annualized) CRESCENT POINT | CORPORATE PRESENTATION T64 T64 Increases Size & Scale Largest owner of land in the volatile oil fairway with ~350,000 net acres in the Alberta Montney, providing significant operational synergies T63 Become 7th largest Canadian E&P by production volume (~65% oil & liquids) Subject to the closing of the Transaction, market conditions and the approval of CPG's Board of Directors, CPG intends to increase its dividend, the declaration of which is anticipated to be in early 2024. >15% accretion estimate is an average of the expected annual accretion within the corporation's 5-year plan starting in 2024, assuming flat pricing of US$75/bbl WTI and $3.50/mcf AECO during such 5-year period. CPG would become the seventh largest company by production volume, when comparing the current production of Canadian domiciled companies operating in the Western Canadian Sedimentary Basin to the pro forma production of CPG post-closing the Transaction. CPG Lands HHRS Lands Alberta Montney Fairway (Oil & Liquids-Rich) R7 R6 R5 R4 R3 R2 R1W6 3

View entire presentation