Riley Exploration Permian, Inc. · AMEX:REPX
Riley Exploration Permian — Q4 2022 Earnings Presentation
12 slides from Riley Exploration Permian's earnings presentation, March 2023
Slide 1: 4Q22 Results Update
4Q22 Results Update March 2023
Slide 2: Forward-Looking Statements
Forward-Looking Statements Forward-Looking Statements This presentation contains projections and other forward-looking statements within the meaning of federal securities laws. These projections and statements reflect Riley Exploration Permian, Inc.’s (“Riley Permian”) current views with respect to
Slide 3: Highlights of 4Q22 Results
Highlights of 4Q22 Results Production CFFO(1) E&P Capex (Accrual)(2) 10.0 MBbls/d $44MM for 4Q22 $27MM RILEYfor 4Q22 PERMIAN 13.3 MBoe/d $169MM for 12 Mos. $123MM for 12 Mos. NYSE: REPX Share Price1 [$25.95] 6% oil increase Q/Q 12% decrease Q/Q 28% decrease Q/Q 37% oil increase Y/Y for the quarter 7
Slide 4: Drivers of Growth in Cash Flow from Operations
Drivers of Growth in Cash Flow from Operations(1) Q/Q: 3 Months Ending 12/31/22 vs 9/30/22 Y/Y: 12 Months Ending 12/31/22 vs 12/31/21 12% decrease Q/Q due to 13% lower realized oil prices 89% higher Y/Y driven RILEY by volumes and price PERMIAN NYSE: REPX Share Price1 [$25.95] Shares Out1 [19.54MM]
Slide 5: Reinvesting for Significant Growth While Also Increasing FCF
Reinvesting for Significant Growth While Also Increasing FCF(1) Improving Capital Efficiency: Increased Allocation of Capital Materially Increased FCF(1) More Growth with Less Spending to Dividends + Balance Sheet $MM 40% Dividends and Balance Sheet Cash Capex before Acquisitions Y/Y Oil Production
Slide 6: Acquisitions and New Ventures
Acquisitions and New Ventures EOR Pilot • Injecting water and CO2 but still early in the process of repressurizing the reservoir • Advancing with partners on the potential development of a large-scale CO2 storage hub in CCUS our immediate region of the Permian Basin • Formed JV for the purposes of i
Slide 7: Enhancing Scale with Transformative New Mexico Acquisition
Enhancing Scale with Transformative New Mexico Acquisition Transaction Overview Regional Map • Strategic acquisition in the prolific Yeso trend (Eddy County, NM) • Purchase price of $330 million with 100% cash consideration • To be funded through a combination of borrowings under the Company's revol
Slide 8: Forward Guidance
Forward Guidance Activity and Investing Guidance Production, Realizations and Cost Guidance 2023 2023 2023 1 Q2 3 ( 1) 1 Q2 3 ( 1) Illustrative Reporting Reporting Pro F orm a ( 2) F orecasted C ontribution of N ew M ex ico Asset to Period 0% 75% F orecasted C ontribution of N ew M ex ico Asset to P
Slide 9: Appendix
Appendix [ insert footnotes here ] 9
Slide 10: Capitalization Summary
Capitalization Summary Market Capitalization Equity Ownership Credit Facility > 5% Holders and Insiders as of Shares Ownership $250 NYSE: REPX 3/7/231 (MM) % $225MM Borrowing Base Share Price (3/7/23) $33.32 Yorktown Energy Partners2 5.51 27.3% RILEY PERMIAN $200 NYSE: REPX Shares Outstanding, MM (3
Slide 11: Hedging Positions as of 3/3/23
Hedging Positions as of 3/3/23 2023 2024 2025 Calendar Quarters 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q CRUDE OIL Fixed Swap - Volume, Bbls/Qtr 225,000 315,000 216,000 189,000 60,000 60,000 60,000 60,000 - Weighted Average Price, $/Bbl $53.65 $62.78 $63.04 $62.51 $71.60 $71.60 $71.60 $71.60 $0.00 Collars - Volum
Slide 12: Additional Information
Additional Information Company www.rileypermian.com 29 E. Reno Ave., Ste 500 Oklahoma City, OK 73104 Investor Relations Direct: 405-415-8699 ir@rileypermian.com 12
Riley Exploration Permian — Q4 2022 Earnings Presentation on 6ix