Amplify Energy Corp. · NYSE:AMPY
Amplify Energy — Merger or Acquisition (March 2025)
16 slides from Amplify Energy's merger presentation, Mar 25, 2025
Slide 1: Rockies Transaction Highlights
Amplify Energy Corp. Rockies Transaction Highlights March 25, 2025 NYSE: AMPY
Slide 2: Forward-Looking Statements
This presentation includes “forward - looking statements” within the meaning of Section 27 A of the Securities Act of 1933 , as amended, and Section 21 E of the Securities Exchange Act of 1934 , as amended . All statements, other than statements of historical fact, included in this presentation that
Slide 3: Compelling Benefits of Amplify – Juniper Merger
Compelling Benefits of Amplify – Juniper Merger Free Cash Flow and Value Accretion Greater Portfolio Flexibility Organic Growth Potential Meaningful Operating Synergies Path to Enhance Shareholder Value 3 ▪ 2025 free cash flow per share projected to increase from $0.50 per share to greater than $0.7
Slide 4: Free Cash Flow Accretion
NYSE: AMPY 4 Free Cash Flow Accretion FCF Provides the Opportunity for Debt Reduction and Shareholder Returns Free Cash Flow per Share 1 Note: Refer to “Non - GAAP Disclosure” for Amplify’s definition and use of Adjusted EBITDA, free cash flow, net debt, and PV - 10 (non - GAAP measures) 1 Based on
Slide 5: Proved reserve value and Beta asset performance
NYSE: AMPY ▪ Proved reserve (1P) value at various pricing scenarios is substantially greater than Amplify's current enterprise value – Premium to recent share price excludes potential upside value attributable to probable reserves, possible reserves and other assets, particularly at Beta – Hedge boo
Slide 6: Greater Portfolio Flexibility
6 Greater Portfolio Flexibility Increased Opportunities for Portfolio Optimization Asset Locator Map Proved PV - 10 2 ($ MM) PUD PV - 10 2 ($ MM) PD PV - 10 2 ($ MM) Proved Reserves 2 (MMBoe) % Liquids 1 Net Production (MBoe/d) 1 Net Acres Asset $171 $ - $171 29 47% 4.7 ~95,000 Oklahoma 79 - 79 14 1
Slide 7: Enhancing Organic Growth Potential
Enhancing Organic Growth Potential Increase in High - Quality Acreage & Drilling Inventory NYSE: AMPY 7 Note: Refer to “Non - GAAP Disclosure” for Amplify’s definition and use of Adjusted EBITDA, free cash flow, net debt, and PV - 10 (non - GAAP measures) 1 Based on preliminary 3Q24 unaudited result
Slide 8: Meaningful Operational Synergies
NYSE: AMPY 8 Meaningful Operational Synergies Stronger Margins Lead to More Optionality Note: Refer to “Non - GAAP Disclosure” for Amplify’s definition and use of Adjusted EBITDA, free cash flow, net debt, and PV - 10 (n on - GAAP measures) 1 Based on Amplify 3Q24 reported results, 3Q24 Juniper unau
Slide 9: Path to Enhance Shareholder Value
9 Path to Enhance Shareholder Value Free Cash Flow Can Reduce Leverage and Provide Opportunity for Shareholder Returns Key Points Free Cash Flow Over Time ($ MM) 1,2 ▪ Amplify is pursuing several options to refinance the debt of the combined company – At closing of the merger, Amplify expects to ref
Slide 10: Amplify – Juniper Deal Summary
Enhances free cash flow and proved value per share x Provides greater portfolio flexibility x Increases high - quality, economic inventory x Increases scale and operational / G&A efficiency x Path to enhance shareholder value x NYSE: AMPY 10 Amplify – Juniper Deal Summary Compelling Value Creation f
Slide 11: Appendix
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Slide 12: Use of Non-GAAP Financial Measures
Use of Non - GAAP Financial Measures . Amplify uses the non - GAAP financial measures of Adjusted EBITDA, free cash flow, net debt, and PV - 10 . The accompanying schedules include the non - GAAP financial measures of Adjusted EBITDA, free cash flow, net debt, and PV - 10 . The accompanying schedule
Slide 13: No Offer or Solicitation
No Offer or Solicitation . Portions of this presentation relate to a proposed business combination transaction between the Company and certain Juniper capital portfolio companies . This communication is for informational purposes only and does not constitute an offer to sell or the solicitation of a
Slide 14: Non-GAAP Reconciliations
Non - GAAP Reconciliations Three Months Ended March 31, 2024 Three Months Ended June 30, 2024 Three Months Ended September 30, 2024 Three Months Ended December 31, 2024 Twelve Months Ended December 31, 2022 Twelve Months Ended December 31, 2023 Twelve Months Ended December 31, 2024 (Amounts in $000s
Slide 15: Non-GAAP Reconciliations (Cont'd)
Non - GAAP Reconciliations (Cont’d) Reconciliation of PV - 10 to Standardized Measure Amplify defines PV - 10, which is a non - GAAP financial measure that represents the present value of estimated future cash inflows from proved oil and natural gas reserves that are calculated using the unweighted
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