The Parex Advantage
Track Record of Creating Value
Production (boe/d)
60,000
PRODUCTION AND FUNDS FLOW PROVIDED BY OPERATIONS PER SHARE
Average Production (1)
FFO per Share(2)
A
FFO per Share(2)
$8.00
40,000
20,000
$6.00
$4.00
$2.00
0
$0.00
2010A
2011A 2012A 2013A 2014A
2015A 2016A 2017A 2018A 2019A 2020A
2021A 2022A
2023F (3)
Brent(4)
$80
$111
$111
$109
$100
$54
$45
$55
$72
$64
$43
$71
$99
-$80
Parex has a 10+ year track record in Colombia, with the team
and strategy in place to continue generating total returns for shareholders
(1) See "Historical Production" table within advisory for production by product type. (2) Non-GAAP ratio; per share based on weighted-average basic shares; see advisory. (2) Based on most recent guidance (see August 2, 2023, news release); mid-point of guidance; per share based on 106.8 million outstanding shares; see "Forward-
Looking Statements and Financial Outlook" advisory. (3) Average Brent crude oil price per bbl for noted periods.
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