Investor Presentaiton
GRANITE RIDGE
Key Investment Highlights
Premiere non-operated oil & gas
01
company diversified across 5 leading
basins with ~$425 million of 2022E EBITDA
04
Strong 2022E free cash flow² of
02-$240 million
Conservative balance sheet with net
03 leverage expected to remain below 0.0x
by the end of 2Q'22
1. Based on NYMEX strip pricing as of 5/11/22
2. Free cash flow (FCF) defined as operating cash flow less net capex
3. Depending on redemptions
Attractive valuation underpinned by an
expected 3.5% - 4.6% dividend yield³
and entry multiple (3.1x EV / 2022E
EBITDA)
Management team and sponsor highly
05 aligned with public shareholders
06
Scaled platform poised to consolidate
the fragmented non-operated market
GRANITE RIDGE
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