Investor Presentaiton
CRESCENT POINT | CORPORATE PRESENTATION
Advisories
EXTERNAL, MARKET AND INDUSTRY DATA
Where this Presentation quotes any market and industry data and other statistical information from any external source, it should not be interpreted that the Company has adopted or endorsed such information or
statistics as being accurate. The Company has obtained market and industry data and other statistical information presented in this Presentation from a certain third-party information. Such third-party publications and
reports generally state that the information contained therein has been obtained from sources believed to be reliable. Although the Company believes these publications and reports to be reliable, it has not independently
verified the data or other statistical information contained therein, nor has it ascertained the underlying economic or other assumptions relied upon by these sources, accordingly, no representation or warranty, express or
implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of this information or any other information or opinions contained herein, for any purpose whatsoever. The
Company has no intention and undertakes no obligation to update or revise any such information or data, whether as a result of new information, future events or otherwise, except as required by law.
All information related to HHRS, including in respect of Crescent Point and HHRS operating as a combined company, has been derived from the public filings of HHRS and/or information provided to Crescent Point by
HHRS and/or the McDaniel report prepared in respect of HHRS' assets, and neither Crescent Point nor any of its advisors has independently verified such information. As a result, such information may be inaccurate or
incomplete, and no representation is made by any such party as to the accuracy or completeness of such information.
PRESENTATION OF FINANCIAL INFORMATION
The financial information of Crescent Point referred to in this Presentation is reported in Canadian dollars and has been derived from audited and unaudited historical financial statements of Crescent Point that were
prepared in compliance with International Financial Reporting Standard ("IFRS"). The financial information of HHRS referred to in this Presentation has been derived from audited and unaudited historical financial
statements of HHRS that were prepared in accordance with accounting principles generally accepted in the United States ("U.S. GAAP"). The recognition, measurement and disclosure requirements of U.S. GAAP differ
from IFRS.
The unaudited pro forma financial information referred to in this Presentation has been prepared by management of Crescent Point and is derived from, and should be read in conjunction with; (i) the unaudited
condensed consolidated financial statements of Crescent Point as at and for the three and nine months ended September 30, 2023, (ii) the audited consolidated financial statements of Crescent Point for the year ended
December 31, 2022, (iii) the unaudited financial statements of HHRS as at and for the three and nine months ended September 30, 2023, and (iv) the audited financial statements of HHRS as at and for the year ended
December 31, 2022. The pro forma financial information referred to in this Presentation was prepared utilizing accounting policies that are consistent with those disclosed in the unaudited consolidated financial
statements of Crescent Point as at and for the three and nine months ended September 30, 2023, and the audited consolidated financial statements for the year ended December 31, 2022 and was prepared in
accordance with recognition and measurement principles of IFRS. Crescent Point has not independently verified the financial statements of HHRS that were used to prepare the pro forma financial information included in
this Presentation and the pro forma financial information included in this Presentation is not intended to be indicative of the results that would actually have occurred, or the results expected in future periods, had the
events reflected in this Presentation occurred on the dates indicated. The pro forma financial information contained in this Presentation is included for informational purposes only and undue reliance should not be placed
on such pro forma financial information.
The disclosure contained in this Presentation, including the pro forma financial information included herein, is based on a number of assumptions including that the Company will enter into a new term loan to fund the
purchase price of the Acquisition. Management considers the pro forma financial information contained in this Presentation to reflect its long term financing plans for the Acquisition and that such information helps readers
better understand how management views the Acquisition and its potential impacts on the Company and better allows readers to assess potential impacts of the Acquisition.
NOTE TO READER REGARDING DISCLOSURE
In addition to obtaining all necessary Board approvals, the Company's long-established Disclosure Committee's mandate is to review and confirm the accuracy of the data and information contained in the documents,
including this presentation, Crescent Point uses to communicate to the public. This review and confirmation process is formally completed prior to any such disclosure being released. This Committee is comprised of
senior representatives (including officers) from each of the following departments: accounting and finance; engineering and operations (including drilling and completions, environment, health and safety and regulatory);
exploration and geosciences; investor relations; land; legal; ESG; marketing and reserves.
This presentation contains "forward-looking statements" within the meaning of applicable securities legislation, such as section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934,
including estimates of future production, cash flows and reserves, business plans for drilling and exploration, the estimated amounts and timing of capital expenditures, the assumptions upon which estimates are based
and related sensitivity analyses, and other expectations, beliefs, plans, objectives, assumptions or statements about future events or performance. Please see the "Forward-Looking Statements" section of this
presentation for additional details regarding such statements.
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