Investor Presentaiton slide image

Investor Presentaiton

Financing Led by a Strategic Investor Acquisition expected to provide accretion for CEQ shareholders Financing Strategic Investor Use of Proceeds US$11.2 MM (C$15.3 MM)1 to complete MOPL acquisition and provide working capital for development Strategic investment of US$9.1 (C$12.5 MM) of the total US$11.2MM financing, comprised of C$10 MM convertible loan and C$2.5 MM equity US$6.6 MM to execute infill development and workover program US$4.6 MM to MOPL lenders in exchange for US$4.3 MM write- down Assumption of debt paydown (US$ MM) 25.5 Cash paid at closing Conversion to Common Shares Conversion to Common Shares (2025) Cash from operations 4.6 2.5 2.4 16.0 1.5 6.0 Provident Capital Partners are converting debt to equity in 2025 6.0 Closing cash balance build-up² (US$ MM) Implied Share Price (C$/share)_ 11.2 C CRITERIUM ENERGY 1.0 4.6 7.6 MOPL Cash Debt Payment Development Capital CEQ Proceeds Illustrative Valuation 2024³ (C$/share) 1.00 0.75 0.50 0.25 0.00 2.5 EV Multiple (1.5x - 2.5x) Purchase Cash to Conversion Closing 2023 2024E 2025E 2026E 1 Excludes the exercise of the over-allotment option Price Lenders to Equity Production ($25k - $35k) 2P NAV (0.8x - 1.2x) 2 On a pro-forma basis upon completion of equity financing and MOPL acquisition 3 Based on Analyst Report, which relies on forward looking information and calculated information in the Reserve Report. Average = C$0.68 14
View entire presentation