Geopark Ltd · NYSE:GPRK
Geopark — Investor Presentation (June 2025)
20 slides from Geopark's investor presentation, June 2025
Slide 1: Corporate Presentation June 2025
CORPORATE PRESENTATION June 2025
Slide 2: Disclaimer
GeoPark CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION The information contained herein has been prepared by GeoPark solely for informational purposes. No representation or warranty, either expressed or implied, is DISCLAIMER provided in relation to the accuracy, completeness or relia
Slide 3: About Us
LE A D ING IND E P EN D E NT LA TA M E & P CO MP A NY ABOUT US ENDURING PRINCIPLES AND APPROACH BRAZIL Energy Oil & Gas Latin America GeoPark Approach Distinctive and Diversified Portfolio Leading Oil and Gas Finders Focused on Growth Drilling Success Rate*** 69% Big Assets, Big Plays, Big Proven Ba
Slide 4: North Star: Our Long-Term Vision and Targets
LE A D ING IND E P EN D E NT LA TA M E & P CO MP A NY NORTH STAR: OUR LONG-TERM VISION AND TARGETS DELIVER MORE ENERGY INVEST TO RETURN VALUE CREATE AND SHARE PROSPERITY SCALE PRODUCTION ROBUST AND FLEXIBLE CAPITAL ALLOCATION SAFETY IS OUR #1 PRIORITY • Mid-term (~2028) • Best projects win Zero LTIR
Slide 5: Distinctive and Diversified Portfolio
DISTINCTIVE AND DIVERSIFIED PORTFOLIO 5
Slide 6: Llanos 34 - A World-Class Asset
D IS TINC TIV E AN D DIV E R S IFIED P OR TFOLIO LLANOS 34 - A WORLD-CLASS ASSET 21,659 Chiricoca KE Y ME TRICS VENEZUEL VENEZUELA Chachalaca Llanos A Basin LLA-34 Tilo LL-34 COLOMBIA Max ECUADOR COLOMBIA Tigana BRAZIL ECUADOPERU R BRAZIL PERU Guaco Tarotaro 21,659 93% 7.0 8.1 Years* Tua Net BOPD Pr
Slide 7: CPO-5 – Optimizing Production
D IS TINC TIV E AN D DIV E R S IFIED P OR TFOLIO CPO-5 – OPTIMIZING PRODUCTION KE Y ME TRICS Llanos 34 Block VENEZUELA Jacana Field CPO-5 Cabrestero Block COLOMBIA ECUADOR BRAZIL PERU Maripo sa Field 6,605 8 33 MMBBL GeoPark Producing Oil Fields Indico Field Other Producing Oil Fields Net BOPD Produ
Slide 8: Llanos Basin Exploration and Appraisal Campaign
D IS TINC TIV E AN D DIV E R S IFIED P OR TFOLIO LLANOS BASIN EXPLORATION AND APPRAISAL CAMPAIGN O PP OR TUNI T I ES I N WEL L-KNO WN B ASI N 2 0 2 5 CA MP AI GN Ge oPark Exp loration Blocks Ge oPark Producing Blocks Ge oPark Producing Oil Fields LLANOS 104 Other Pr oducing Oil Fie lds 3D Seismic Ac
Slide 9: Financial Flexibility and Stewardship
FINANCIAL FLEXIBILITY AND STEWARDSHIP 9
Slide 10: Cost & Capital Efficiency
FIN A NC IA L FLE X IB ILITY AN D S TEWA R DS H IP COST & CAPITAL EFFICIENCY STRONG OPERA TING PER FORMANCE D RIVES LONG -TERM EFFICIENCY Operating Netback ($MM) = Ajusted EBITDA + G&A/G&G 70 0 CAPEX ($MM) 10 00.0 60 0 Operating Netback/CAPEX Ratio (x) 593 90 0. 0 507 80 0. 0 479 447 453 50 0 70 0.
Slide 11: Profitable Operator
FIN A NC IA L FLE X IB ILITY AN D S TEWA R DS H IP PROFITABLE OPERATOR ADJ US TE D EBI TD A MAR GI N 63% 60% 58% 55% 55% 53% 52% 51% 49% 44% 41% 35% 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 OPE RATING COST S PE R BARRE L SOL D G&A PER BARREL 19 16 21% 9 55% 15 14 - 15 Reduction ($
Slide 12: Strong Balance Sheet with Safety Nets in Place
FIN A NC IA L FLE X IB ILITY AN D S TEWA R DS H IP STRONG BALANCE SHEET WITH SAFETY NETS IN PLACE AS SETS, LIABILITIES A ND SAFETY NETS CAS H PO SI T IO N ($MM) 140 (133) $330 MM Hedges in Place Securing Cash May 4, 2025 Base Oil Price 53 (23) (15) 16 308 (8) S RTE S 277 $1.8 BN* $550 MM Bond 2P Net
Slide 13: Hedging Program Secures Base Oil Price
FIN A NC IA L FLE X IB ILITY AN D S TEWA R DS H IP HEDGING PROGRAM SECURES BASE OIL PRICE APPROACH ❖ Low-Cost Operator 12-15 MONTHS 50-70% 87% AVERAGE HEDGING RATIO (2025) Tenor PRODUCTION 43% AVERAGE HEDGING RATIO (2024) ❖ World-Class Asset Quality Hedge Target HE DG E BO O K OV ERV IE W T OP TI ER
Slide 14: 2025 Provides Unique Entry Point
FIN A NC IA L FLE X IB ILITY AN D S TEWA R DS H IP 2025 PROVIDES UNIQUE ENTRY POINT ATTRA CTIVE NAV/SH ARE VA LUATION TRADING BELOW HISTORICA L MULTIPLE S EV/EBITDA 7.2x 16.8 13.7 4.8x 4.4x 9.2 Current +125% -7.6 2.5x 2.2x Share Price +50% 2.0x 1.9x ($6-7/Share) 1P NPV/Share Net Debt/Share 2P NAV/Sh
Slide 15: SPEED Since Day One
SPEED SINCE DAY ONE 16
Slide 16: Our Sustainability Framework
S P E ED S IN CE D A Y O NE OUR SUSTAINABILITY FRAMEWORK L ON G-T ERM VI ABI LI T Y AND S HARED P O SI TI VE IM PA CT DRI V IN G S UST AI NABI LI T Y FO RW ARD GHG EMISSIONS INTENSITY REDUCTION TARGETS Scopes 1 & 2 (GeoPark operated) baseline: 2020 Three levers: Clean Energy, Energy Efficiency and M
Slide 17: Governance and Compliance
S P E ED S IN CE D A Y O NE GOVERNANCE AND COMPLIANCE C OR P OR ATE GO V ER N AN C E :D IV E RS E A ND E X P ER IE N CE D BO AR D HIGHLIGHTS Board of Directors with a majority of independent members (6/9) Led by a female independent Chair • Average Board tenure: 6.3 years Six committees provide guid
Slide 18: 'Sustainability Leader' & Industry Mover
S P E ED S IN CE D A Y O NE ‘SUSTAINABILITY LEADER’ & INDUSTRY M VER MS C I: R ATI N GS EV O LUT IO N Included for the first time in the S&P Sustainability Leaders Sustainability Yearbook 2025 and named SUSTAINABILITY RATING DISTRIBUTION 32% Oil & Gas Upstream & Integrated Industry Mover 23% 18% 14%
Slide 19: Latin America Is an Opportunity Rich Environment
WE MA K E A S S E TS BE TTE R LATIN AMERICA IS AN OPPORTUNITY RICH ENVIRONMENT GEOPA RK APPROACH MULTIPLE OPPORTUNITIE S ACQ UI S IT I O N STR ATE GY ALI G NS GeoPark targets attainable high-impact WI T H NO RTH S TAR V IS I ON opportunities in Argentina, Colombia and Brazil. CO L OM BI A • Value ac
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