Unit Corp. · OTC:UNTC
Unit — Debt Investor Presentation (May 2020)
7 slides from Unit's debt investor presentation, May 26, 2020
Slide 1: Investor Presentation Addendum May 2020
Investor Presentation Addendum May 2020 Statements made and information included in the Cleansing Materials are made as of the date of such Cleansing Materials and not as of the date hereof. In the course of subsequent operations, our views on some of these materials may have changed. As such, the C
Slide 2: Forward Looking Statement
Forward Looking Statement The information contained herein may include proprietary, sensitive, and confidential information regarding Unit Corporation (together with its wholly-owned direct and indirect subsidiaries, the “Company”), which has not been publicly disclosed. This information is being pr
Slide 3: Long-Term Forecast Assumptions
Long-Term Forecast Assumptions UPC • Blowdown Case: Assumes no additional locations developed for the remainder of the projection period • Assumes intercompany cost eliminations of 2.7% throughout the projection period • Projections assume the pricing assumptions1 below: 2020E 2021E 2022E 2023E 2024
Slide 4: Consolidated Summary Projections – Blowdown Case
5 Year Consolidated Summary Projections – Blowdown Case ($ in millions) Production (MBoed) EBITDA % Liquids 47.6% 47.7% 47.7% 47.7% 47.6% $70 $75 32 $7 $14 $60 $23 $7 $52 $22 $7 $47 23 $17 $7 $19 19 $21 16 14 $50 $58 $49 $38 $31 ($16) ($14) ($14) ($14) ($14) 2020E 2021E 2022E 2023E 2024E 2020E 2021E
Slide 5: Cash Forecast Assumptions
Cash Forecast Assumptions General - Forecast is based on the Company's "2020 Unit Corp Initial Budget_April Case No Rigs v7 " budget, adjusted for potential impacts of a Chapter 11 Filing - Cash flows reported on a disaggregated basis, by entity (excludes Superior Pipeline) - Assumes a creditors com
Slide 6: Week Cash Forecast
13 Week Cash Forecast ($ in thousands) Cash Forecast as of 5/7/20 ($ in thousands) Actuals Actuals Actuals Pre-Filing Post-Filing Emergence 20 Week Total Forecast Week # 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 4/17/2020 Annual Week # 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 3
Slide 7: Monthly Debt Forecast
Monthly Debt Forecast ($ in thousands) Monthly Debt Forecast as of 5/7/20 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Total DIP Credit Facility Beginning Balance $ - $ - $ - $ - $ - $ - $ 62,036 $ 74,142 $ - $ - $ - $ - $ - Plus: Additional Rollup at Final App