Yangarra Resources Ltd. · TSX:YGR
Yangarra Resources — 2023 Catch the Energy Conference
19 slides from Yangarra Resources's conference presentation, October 2023
Slide 1: 2023 Catch the Energy Conference
2023 CATCH THE ENERGY CONFERENCE TSX: YGR OCTOBER 2023
Slide 2: Introduction
INTRODUCTION ➢Focused halo Cardium ➢Low-cost producer ➢Profitable yangarra resources ltd. 2023 CATCH THE ENERGY CONFERENCE: OCTOBER 2023| PG 2 (Refer to end of presentation for slide notes & advisories)
Slide 3: Thesis
THESIS ➢Compelling value ➢Growth oriented ➢Sustainable yangarra resources ltd. 2023 CATCH THE ENERGY CONFERENCE: OCTOBER 2023| PG 3 (Refer to end of presentation for slide notes & advisories)
Slide 4: Capitalization
CAPITALIZATION ➢94.8 million basic shares ➢~$120 million net debt ➢~$300 million EV yangarra resources ltd. 2023 CATCH THE ENERGY CONFERENCE: OCTOBER 2023| PG 4 (Refer to end of presentation for slide notes & advisories)
Slide 5: Valuation
VALUATION ➢~0.5x 2022 PDP NAV ➢~2.4x 2024E DACF ➢~$23,000 flowing boe/d (2024E) yangarra resources ltd. 2023 CATCH THE ENERGY CONFERENCE: OCTOBER 2023| PG 5 (Refer to end of presentation for slide notes & advisories)
Slide 6: Growth
GROWTH ➢Q4 2022 – 11,700 boe/d ➢2023 exit target – ~14,000 boe/d ➢One-rig program yangarra resources ltd. 2023 CATCH THE ENERGY CONFERENCE: OCTOBER 2023| PG 6 (Refer to end of presentation for slide notes & advisories)
Slide 7: Sustainable Model
SUSTAINABLE MODEL ➢30-35 wells/year ➢20+ years inventory ➢Unbooked inventory yangarra resources ltd. 2023 CATCH THE ENERGY CONFERENCE: OCTOBER 2023| PG 7 (Refer to end of presentation for slide notes & advisories)
Slide 8: Asset Profile
ASSET PROFILE ➢Halo Cardium ➢Aerial extent ➢Organic growth yangarra resources ltd. 2023 CATCH THE ENERGY CONFERENCE: OCTOBER 2023| PG 8 (Refer to end of presentation for slide notes & advisories)
Slide 9: Development Mode
DEVELOPMENT MODE ➢Full-scale development ➢Halo provides significant run- way yangarra resources ltd. 2023 CATCH THE ENERGY CONFERENCE: OCTOBER 2023| PG 9 (Refer to end of presentation for slide notes & advisories)
Slide 10: Profitable
PROFITABLE Net Income (millions) Return on Capital Employed $120 25.0% ➢Share capital $100 20.0% $80 15.0% $60 ➢Retained $40 10.0% earnings $20 5.0% $- 0.0% 2016 2017 2018 2019 2020 2021 2022 2016 2017 2018 2019 2020 2021 2022 ➢Net income & ROCE yangarra resources ltd. 2023 CATCH THE ENERGY CONFEREN
Slide 11: Costs
COSTS ➢$7-8/boe operating costs ➢$1.00-$1.25/boe G&A ➢~$2mm one-mile, ~$3.2m two-mile yangarra resources ltd. 2023 CATCH THE ENERGY CONFERENCE: OCTOBER 2023| PG 11 (Refer to end of presentation for slide notes & advisories)
Slide 12: Oilfield Services Group
OILFIELD SERVICES GROUP ➢Exclusively focused on Yangarra ➢Extensive equipment ➢70+ field staff yangarra resources ltd. 2023 CATCH THE ENERGY CONFERENCE: OCTOBER 2023| PG 12 (Refer to end of presentation for slide notes & advisories)
Slide 13: Conclusion
CONCLUSION ➢Owner-operated model ➢Focused on long-term value ➢Compelling valuation yangarra resources ltd. 2023 CATCH THE ENERGY CONFERENCE: OCTOBER 2023| PG 13 (Refer to end of presentation for slide notes & advisories)
Slide 14: Presentation Footnotes
PRESENTATION FOOTNOTES ➢ Slide 5: Peer group comprised of ATH, BNE, CJ, CR, GXE, HWX, IPO, JOY, LOU.V, OBE, PRQ, PNE, PIPE, SGY & TVE (all list on the TSX or TSX Venture). Data provided by ATB Capital Markets & Factset ➢ Slide 10: ROCE: Trailing 12-month EBIT divided by (Total Assets less Current Li
Slide 15: Presentation Footnotes
PRESENTATION FOOTNOTES Non–IFRS and Additional IFRS Measures This document contains “funds flow from (used in) operations”, which is an additional IFRS measure. The Company uses funds flow generated from (used in) operations as a key measure to demonstrate the Company’s ability to generate funds to
Slide 16: Forward Looking Statements
FORWARD LOOKING STATEMENTS This presentation contains a summary of management's assessment of results and should be read in conjunction with the Consolidated Financial Statements and related Management's Discussion and Analysis for the year ended December 31, 2022, as filed on the SEDAR profile of Y
Slide 17: Forward Looking Statements (cont.)
FORWARD LOOKING STATEMENTS (CONT.) The forward-looking statements contained in this presentation are made as of the date on the front page and the Company assumes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, fut
Slide 18: Non-GAAP Measures & Analogous Information
FORWARD LOOKING STATEMENTS NON-GAAP MEASURES & ANALOGOUS INFORMATION This presentation contains references to measures used in the oil and natural gas industry such as “netback”, “net debt” and “cash flow”. These measures do not have standardized meanings prescribed by International Financial Report
Slide 19: Reserve Definitions
FORWARD LOOKING STATEMENTS RESERVE DEFINITIONS Natural gas has been converted to a barrel of oil equivalent (Boe) using 6,000 cubic feet (6 Mcf) of natural gas equal to one barrel of oil (6:1), unless otherwise stated. The Boe conversion ratio of 6 Mcf to 1 Bbl is based on an energy equivalency conv
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