Investor Presentaiton
Matador Resources Company Overview
Market Snapshot
NYSE Symbol
Enterprise Value(1)
Q3 2020 Avg. Daily Production
Q3 2020 Proved Reserves (2)
Q3 2020 Net Debt / LTM Adj. EBITDA (3)(4)
MTDR
$3.0 billion
73.0 MBOE/d
267.3 MMBOE
2.8x
Delaware Basin
Assets
MATADOR HEADQUARTERS
DALLAS, TEXAS
Eagle Ford
Assets
Haynesville/
Cotton Valley
Assets
Matador Acreage
EDDY
LEA
LOVING
Breakdown by Area
Delaware Basin
Eagle Ford
Haynesville/CV
Total
Proved Reserves
as of 9/30/2020(2)
256.4 MMBOE
7.4 MMBOE
3.5 MMBOE
267.3 MMBOE
Acreage Position
as of 6/30/2020
127,600 net acres
27,100 net acres
17,500 net acres
172,200 net acres
Q3 2020 Avg. Daily
Production
66.4 MBOE/d (61% oil)
2.5 MBOE/d (78% oil)
4.1 MBOE/d (~0% oil)
73.0 MBOE/d (58% oil)
(1) Enterprise value calculated as the sum of Matador's market capitalization, consolidated net debt and the value of non-controlling interest in each of San Mateo Midstream, LLC ("San Mateo I") and San Mateo
Midstream II, LLC ("San Mateo II," and, together with San Mateo I, "San Mateo"). Effective October 1, 2020, San Mateo II merged with and into San Mateo I. Source: Bloomberg. As of November 9, 2020.
(2) Based on the Company's internal unaudited estimates.
(3) Adjusted EBITDA is a non-GAAP financial measure. Reflects calculation under Matador's reserves-based revolving credit agreement (the "Credit Agreement"). For a definition of Adjusted EBITDA and a
reconciliation of Adjusted EBITDA (non-GAAP) to net income (loss) (GAAP) and net cash provided by operating activities (GAAP), see Appendix.
(4) For purposes of the Credit Agreement, Net Debt at September 30, 2020 is calculated as (i) $1.05 billion in senior notes outstanding, plus (ii) $520 million in debt under the Credit Agreement, including
outstanding borrowings and letters of credit, less (iii) $41.8 million in available cash.
Matador
4
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