Capricorn Energy PLC · LSE:CNE
Capricorn Energy — Shareholder Meeting (May 2022)
9 slides from Capricorn Energy's shareholder meeting presentation, May 11, 2022
Slide 1: AGM Presentation
AGM Presentation Renewed. Resilient. Responsible. 11 May 2022
Slide 2: Disclaimer
Disclaimer These materials contain forward-looking statements regarding Capricorn, our corporate plans, future financial condition, future results of operations, future business plans and strategies. All such forward-looking statements are based on our management's assumptions and beliefs in the lig
Slide 3: Long Term Strategy: Create, Realise, Return Value to Shareholders
AGM $ Create Value Long Term Strategy Create Value Realise Value Create Value Realise Value Return Value to Shareholders AGM Presentation, May 2022 3
Slide 4: Long Term Strategy – Total Shareholder Return
AGM Long Term Strategy – Total Shareholder Return Capricorn +810% Peers range -75% to +361% From 1988 to present Total Shareholder Return % rebased to 100 as at 21 December 1988 or as at IPO 900 600 810% 300 361% 159% 0 Capricorn Peer A1 Peer B1 -54% -69% -75% -100 Peer C1 Peer D Peer E1 Notes: UK l
Slide 5: Strategy
AGM Strategy Sustainable Cashflow Base • Investing in low cost production growth Balance Sheet Selected Exploration Flexibility • Focus on short-cycle, • Capacity for investment rapid monetisation and further opportunity for returns Portfolio Shareholder Revision Returns • Energy transition • ~US$5.
Slide 6: Our Portfolio
AGM Our Portfolio Key Onshore Offshore Egypt Exploration Mauritania UK Development Suriname Israel Production Mexico AGM Presentation, May 2022 6
Slide 7: Our Pathway to Net Zero
AGM Our Pathway to Net Zero • Emissions reduction considerations are a core part of all evaluations Net Zero by 2040 or earlier • Anticipate to meet or exceed 25% reduction target by 2030 Focus is scope 1 & 2 equity • Carbon offsets acquired to address difficult to abate emissions emissions reductio
Slide 8: Renewed Resilient Responsible Summary
Summary Actively pursuing next steps in extending growth- Renewed focused sustainable cash flow base Resilient Responsible Exploration positions aligned to refocused strategy Resilient and responsible portfolio, with clear net zero pathway and actions underway Balance sheet strength and fiscal disci
Slide 9: www.capricornenergy.com
Head Office London 50 Lothian Road 4th Floor Edinburgh Wellington House EH3 9BY 125 Strand T: +44 131 475 3000 London F: +44 131 475 3030 WC2R 0AP E: pr@capricornenergy.com Mexico Egypt Mauritania Capricorn Americas México Capricorn Egypt Limited Ilot C 544 Torre Mayor 5th Floor Tevragh Zeina Aviend