Investor Presentaiton
CRESCENT POINT | CORPORATE PRESENTATION
Transaction Financing & Metrics
Purchase Price
Equity to HHRS
Shareholders
~$2.55B (cash & shares), including
~$455MM in assumed net debt
~$548MM of CPG common shares
Transaction Metrics
3.4x net operating income
$45,500 per flowing boe
Equity Offering
-$500MM gross proceeds
Debt Funding
New three-year term loan totaling $750MM
& existing credit facilities
$16.93/boe of 2P reserves
(including FDC)
2P recycle ratio of 2.2x
(including FDC)
Transaction metrics reflect: 3.4x - purchase price divided by net operating income reflecting asset level cash flow from the Transaction assuming US$80/bbl WTI, $3.50/mcf AECO and 2024E production of ~56,000 boe/d; $45,500 per flowing boe -
purchase price divided by 2024E production of ~56,000 boe/d; $16.93/boe - purchase price plus $2.7B of undiscounted future development capital (FDC) divided by Proved plus Probable (2P) reserves of 308.7 MMBoe as assigned by independent
evaluator McDaniel as of November 1, 2023; 2.2x recycle ratio - net operating income, per boe, reflecting asset level cash flow from the acquired assets assuming US$80/bbl WTI, $3.50/mcf AECO and 2024E production of -56,000 boe/d divided by
$16.93/boe of 2P reserves
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