Investor Presentaiton
CRESCENT POINT | CORPORATE PRESENTATION
Enhanced Return of Capital Profile
Return of Capital Framework
Funds Flow
(-) Development Capital Expenditures*
Excess Cash Flow
Current Return of Capital Outlook ~60%
(Base Dividends, Share Repurchases & Special Dividends)
Tools Utilized for Return of Capital
Base Dividends
Base dividend is not subject to this framework and is assessed
within our capital allocation framework that targets dividend
sustainability at lower commodity prices, allows for flexibility in
the capital allocation process and dividend growth over time
Share Repurchases
Takes into account the intrinsic value of the business,
assuming mid-cycle commodity prices (NCIB currently in place
to repurchase up to 10% of public float)
Special Dividends
Used in combination with share repurchases to ensure
Crescent Point fulfills its return of capital commitment to
shareholders, or in greater proportion when share repurchases
are no longer accretive
*Development capital expenditures includes additional items (capitalized administration, reclamation activities, payments on lease liability and other items, excluding net acquisitions and dispositions).
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