Frontera Energy Corporation · TSX:FEC
Frontera Energy — Q2 2022 Earnings Presentation
10 slides from Frontera Energy's earnings presentation, August 2022
Slide 1: Frontera Energy Q2'22 Earning Slides
Frontera Energy Q2’22 Earning Slides August 2022
Slide 2: Corporate Snapshot: Capital Structure
Capital Structure (As at June 30, 2022) ($U.S.) ($MM) (+) Long-term debt(1) $408 (+) Total Lease Assets (2) $4 (-) Risk Management assets, net (3) $2 = Consolidated Total Indebtedness excluding Unrestricted Subsidiaries(4) $410 (-) Cash & Cash Equivalents(5) $241 = Net Debt excl. Puerto Bahia Debt $
Slide 3: Q2'22 Highlights
Q2’22 HIGHLIGHTS Compared to Q1 20’22, Frontera: - Increased total production 1% to 41,586 boe/d(1), natural gas production by 9% to 10,374 mcf/d - Increased its operating netback(2) 16% to $68.01/boe - Grew cash provided by operating activities by 114% to $246.6 million - Executed capital expenditu
Slide 4: Second Quarter 2022 By Numbers
SECOND QUARTER 2022 BY NUMBERS Production(1) Operating Cost(2) Netback (3) Capital 41,586 $23.49/boe Expenditures (4) BOE/D $68.01/boe $94MM Total Cash Uncollateralized Operating Position of credit lines EBITDA(4)... $353MM $108MM $191MM including Net sales Executed Achieved 98% of the Restricted re
Slide 5: Q2 2022 Quarterly Results: Capex, Production and Transportation Costs
Q2 2022 QUARTERLY RESULTS Capital expenditures, production and transportation costs PRODUCTION BY SOURCE (KBOE) PRODUCTION COST ($/BOE) (1) TRANSPORTATION COST ($/BOE) (1) CAPITAL EXPENDITURES ($MM) (2) 5 1. Supplementary financial measure (as defined in NI 52-112). Refer to the “Non-IFRS and Other
Slide 6: Q2 2022 Quarterly Results: Sustainable Operational Performance
Q2 2022 QUARTERLY RESULTS Sustainable Operational Performance OPERATING EBITDA(2) ($MM) AND REALIZED PRICE(1) ($BOE) AND BRENT ($BBL) OPERATING EBITDA MARGIN(2) (%) OPERATING NETBACK ($/BOE) (1) CFFO ($MM) AND CAPEX/ CFFO(1) (%) Capex/ 70% 130% 119% 99% 38% CFFO 1. Non-IFRS ratio (equivalent to a “n
Slide 7: Q2 2022 Quarterly Results: Debt Ratios
Q2 2022 QUARTERLY RESULTS Debt Ratios NET DEBT (EXCL. RESTRICTED SUBSIDIARIES) ($MM) NET DEBT TO OPERATING EBITDA RATIO (X) DEBT TO BOOK CAPITALIZATION(1) (%) INTEREST COVERAGE(2) (X) 1. Debt to book capitalization is long term debt divided by long term debt plus Equity attributable to equity holder
Slide 8: TSX: FEC.TO
TSX: FEC.TO Colombia Calle 110 N° 9 – 25 Piso 16 Bogotá, Colombia PBX: +57 1 511 2000 PBX: +57 1 745 1001 Calgary 1610, 222 – 3 Avenue SW Calgary, AB Canada T2P 0B9 PBX: +1 403 705 8814 www.fronteraenergy.ca Follow us on: Frontera Energy Corp. @FronteraEnergy @FronteraEnergy
Slide 9: Advisories
ADVISORIES Forward-Looking Information - This presentation contains forward-looking information within the meaning of Canadian securities laws. Forward-looking information relates to activities, events or developments that Frontera Energy Corporation (“Frontera” or the “Company”) believes, expects o
Slide 10: Advisories
ADVISORIES Non-IFRS and Other Measures - This presentation contains financial terms that do not have standardized definitions in International Financial Reporting Standards ("IFRS"), including Operating EBITDA, Capital Expenditures, Operating Netback, Net Sales Realized Price, Transport Cost per Boe,