Presidio Production Company · NYSE:FTW
Presidio Production — Q2 2026 Earnings Presentation
30 slides from Presidio Production's earnings presentation, Aug 12, 2026
Slide 1: Investor Presentation
(\ PRESIDIO INVESTOR PRESENTATION
Slide 2: Legal Disclaimer
LEGAL DISCLAIMER Cautionary Note Regarding Forward-Looking Statements The statements contained in this presentation that are not purely historical are forward-looking production declines, operational challenges, and regulatory changes; (9) the Company’s ability statements. These forward-looking stat
Slide 3: The Presidio Vision
THE PRESIDIO VISION A SIMPLE, DISCIPLINED APPROACH TO GENERATE STEADY INCOME FROM AMERICAN ENERGY $1.35 10.9% 22 Mboe/d $828MM $15Bn Annualized Dividend Implied Dividend Current Net Enterprise Value4 Near-Term Actionable Per Share Acquisition Pipeline Yield2 Production3 Anticipated Increase To $1.50
Slide 4: Why Presidio: A Multi-Layered Value Proposition
WHY PRESIDIO: A MULTI-LAYERED VALUE PROPOSITION INVESTMENT HIGHLIGHTS CURRENT DIVIDEND ACQUISITION ECONOMICS OPERATIONAL IMPROVEMENTS 10.9% Fixed & Expected to Grow Attractive Levered Returns Demonstrated Alpha Generation Offers one of the highest dividend yields1 on Presidio deploys capital into PD
Slide 5: A World That Needs What We Have
A WORLD THAT NEEDS WHAT WE HAVE INDUSTRIAL REINVENTION Shift to robotics and automated manufacturing drive incremental AI & DATA CENTER DEMAND power demand most forecasters are SHRINKING INVENTORY Artificial intelligence data centers only beginning to model. Inventory of high-quality domestic being
Slide 6: Key Events
KEY EVENTS 2017 2018-2020 2021-2024 2025 2026 Company founded by co- founders Will Ulrich and Deployed $500MM into PDP acquisitions with Continuously optimized the asset base and Announced intention to go public through merger Listed on the NYSE, $350MM ABS Chris Hammack in Fort Morgan Stanley Energ
Slide 7: Asset and Acquisitions
ASSET AND ACQUISITIONS A) NYSE: FTW
Slide 8: Asset Overview
ASSET OVERVIEW KANSAS Large, long-life asset base generating stable cash flow OKLAHOMA Canyon Creek Over 2,300 operated 100% PDP-focused, low- Predictable, hedged Acquisition wells across the decline, long-life assets cash flow with strong Anadarko Basin of Texas, margins Oklahoma and Kansas Fort Wo
Slide 9: Acquisition Pipeline
ACQUISITION PIPELINE Actionable targets of over $15Bn BASIN A BASIN B BASIN C ~$10.3Bn ~$1.5Bn ~$3.4Bn Estimated Total Deal Size Estimated Total Deal Size Estimated Total Deal Size ~324 Mboe/d ~49 Mboe/d ~104 Mboe/d Production Production Production 68% 10% 22% Source: Company materials, Enverus Note
Slide 10: Canyon Creek Acquisition Overview
CANYON CREEK ACQUISITION OVERVIEW Canyon Creek establishes Presidio's operated footprint in the Arkoma basin and is expected to support dividend increase from $1.35 to $1.50 per share on an annualized basis1 DIVIDEND STRATEGIC FIT FINANCING ACCRETION Initial $1.35 Dividend “Land and Expand” strategy
Slide 11: Illustrative Acquisition Economics
ILLUSTRATIVE ACQUISITION ECONOMICS Repeatable path to achieving levered returns well in excess of cost of capital AI and Capital-Light Development ABS Financing >30% Asset Integration >20% ~15% 10-12% ASSET-LEVEL RETURN PRESIDIO OPERATED RETURN LEVERED RETURN TOTAL RETURN Return at acquisition, prio
Slide 12: Operational Excellence: How We Create Efficiency
OPERATIONAL EXCELLENCE: HOW WE CREATE EFFICIENCY Presidio applies disciplined, data-driven playbook to modernize acquired oilfield operations. Oil and gas assets transformed into high-efficiency operations through repeatable systems and empowered field execution. CHALLENGE OPPORTUNITY SOLUTION KEY A
Slide 13: The Operating Playbook: Six Levers
THE OPERATING PLAYBOOK: SIX LEVERS PEOPLE FIRST COMPRESSION RIGHT-SIZING CHEMICAL MANAGEMENT Leaner, faster, accountable field org 28% compression cost reduction · Month 1 39% chemical cost reduction · YoY Interview 100% of field staff. Evaluate against Legacy operators oversize compression for peak
Slide 14: Asset Intelligence
ASSET INTELLIGENCE A) NYSE: FTW
Slide 15: Asset Intelligence: The Asymmetric Upside
ASSET INTELLIGENCE: THE ASYMMETRIC UPSIDE FTW TECHNOLOGIES THREE INTEGRATED GROUPS Formed in 2020 to put data behind every operating decision. Asset Intelligence Group Engineers and support staff armed with AI • Proprietary well intelligence layer trained on millions of data points and analytics to
Slide 16: Presidio: AI Deployment Underway
PRESIDIO: AI DEPLOYMENT UNDERWAY THE STRATEGIC PIVOT: AI is live in well surveillance and production intelligence today. BEFORE NOW 2026 TARGET • Technology as supporting tool • Well surveillance and production intelligence • 3–5% production increase as direct result of AI live today deployment • Ef
Slide 17: AI Philosophy: People at the Center
AI PHILOSOPHY: PEOPLE AT THE CENTER PRESIDIO’S AI PHILOSOPHY: Make every employee dramatically more powerful. Amplification, Not Automation Presidio Astronauts Uncapped Upside The right infrastructure, tools, and mindset First class of AI ambassadors, carrying In oil and gas, upside is capped. Techn
Slide 18: 2026 Goal: 3–5% Production Uplift from AI
2026 GOAL: 3–5% PRODUCTION UPLIFT FROM AI 3-5% ~2,300 $2.5MM $0 Production uplift target Wells on intelligence Value of each 1% uplift New drilling required from AI deployment platform per year at $30/BOE to hit target HOW WE HIT IT THE FLYWHEEL Artificial lift optimization AI continuously adjusts E
Slide 19: Corporate Information
APPENDIX CORPORATE INFORMATION
Slide 20: Management Team and Board of Directors
MANAGEMENT TEAM AND BOARD OF DIRECTORS PRESIDIO MANAGEMENT TEAM PRESIDIO BOARD OF DIRECTORS Will Ulrich Chris Hammack Daniel Herz Jerry Schretter Chairman and Co-CEO Co-CEO and Director Compensation Committee Chair, Audit Committee Chair Member of Audit Committee Bank of America, Vice Chairman and A
Slide 21: Capital Structure & Dividends
CAPITAL STRUCTURE & DIVIDENDS Strong Balance Sheet Capital Structure ($MM) As of ABS Refi Close on June 9, 2026 Equity Value Supported by Dividends Cash3 $35 ABS $350 $65MM RBL Commitment RBL $0 Trail Dust Term Loan $2 $1.0Bn Goldman Sachs Facility1 Preferred Equity $125 Equity Value4 $386 1Q 2026 S
Slide 22: Hedging
HEDGING 2Q26 3Q26 4Q26 1Q27 2Q27 3Q27 4Q27 2028 2029 Beyond Volume 274 272 265 254 247 241 236 883 753 933 (MBbl) Oil Swaps1 Avg. Strike Price 57.35 59.90 60.51 87.95 108.29 100.71 88.09 63.14 67.55 64.38 ($/Bbl) Volume 6,264 6,208 6,089 5,808 5,599 5,524 5,421 20,523 17,127 47,417 Natural Gas (BBtu
Slide 23: Anticipated Dividend Timeline
ANTICIPATED DIVIDEND TIMELINE • Accelerated Q1 special dividend • Regular dividend schedule to coincide with earnings going forward (other than 4Q) 1Q 2026 Special 2Q 2026 3Q 2026 4Q 2026 1Q 2027 Declaration Date 4/14/26 8/11/26 11/12/26 2/12/27 5/12/27 Record Date 5/4/26 8/31/26 12/2/26 3/4/27 6/1/
Slide 24: Optimization Case Studies
APPENDIX OPTIMIZATION CASE STUDIES
Slide 25: Labor Modernization: Lean Empowered Field
LABOR MODERNIZATION: LEAN EMPOWERED FIELD Revamping field operations through empowerment, accountability, and technology: Interview 100% of field staff using standardized evaluation process to retain top talent Flatten field structure with asset managers, techs (super pumpers), and pumpers for faste
Slide 26: Pump-by-Exception: Turning Data into Field Action
PUMP-BY-EXCEPTION: TURNING DATA INTO FIELD ACTION Traditional well-visit schedules gave way to automated, exception-based system using machine learning and real-time alerting. FEWER HIGHER SMARTER PUMPER STRATEGY PUMPERS PRODUCTIVITY ROUTES Legacy: Daily visits to every well High-priority wells Pump
Slide 27: Optimization: Compression & Artificial Lift
OPTIMIZATION: COMPRESSION & ARTIFICIAL LIFT Presidio optimized compression and artificial lift systems to align with field demand. By downsizing and redesigning equipment, the team cut fuel & maintenance costs while improving reliability and consistency. RIGHT-SIZED REDUCED FUEL & REDUCED INCREASED
Slide 28: Chemical Management: Standardizing for Efficiency
CHEMICAL MANAGEMENT: STANDARDIZING FOR EFFICIENCY Presidio replaced vendor-run chemical programs with internally managed, data-informed model. Reducing costs and improving performance consistency across the field. INTERNAL IMPROVED CUT STANDARDIZED CONTROL PERFORMANCE COSTS OPERATIONS Centralized ch
Slide 29: 2025 Workover Program: Capital Discipline in Action
2025 WORKOVER PROGRAM: CAPITAL DISCIPLINE IN ACTION Presidio applied disciplined capital allocation and data-driven insight to pull 152 workovers out of bullpen, maximizing production uplift while minimizing spend. SMART CAPITAL MEASURABLE UPLIFT REPEATABLE MODEL LEARNING LOOP Prioritized wells with
Slide 30: Development: Bringing Value Forward
DEVELOPMENT: BRINGING VALUE FORWARD Over $100MM in value realized since inception with zero capital risk. Flexible capital and operating structures allow Presidio to scale with partners and deliver growth without incremental overhead or risk. STRUCTURED JOINT VENTURES ACREAGE SALES Built and execute
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