Canacol Energy Ltd. · BVC:CNEC
Canacol Energy — Q1 2025 Earnings Presentation
11 slides from Canacol Energy's earnings presentation, May 2025
Slide 1: 1Q 2025 Results Conference Call Presentation
Uso Interno 1Q 2025 Results Conference Call Presentation May 2025 Investor Presentation l 1
Slide 2: 1Q 2025 Financial Highlights
Uso Interno 1Q 2025 Financial Highlights Natural Gas Pricing & Netbacks Financial Highlights (US$/MCF) 1, 2 7.81 7.23 6.84 6.69 6.60 vs 1Q 2024 6.12 5.48 Natural Gas Netback $5.48 12% 12% 5.34 5.25 4.90 Operating Cash Flow $63MM 14% 14% Stable Cash $79MM 0% Lower Leverage 2.3x -20% Q1/24 Q2/24 Q3/24
Slide 3: 1Q 2025 Operating Highlights
Uso Interno 1Q 2025 Operating Highlights Capital expenditures concentrated on drilling activities, new compression & targeted workovers Exploration & Evaluation wells Development wells Natilla-2 Siku-2 • Exploration well • Developmentwell • Reached 15,250ft TVD through high -pressurePorquero • Encou
Slide 4: Best in Class ESG Scores Across Global O&G Industry
Uso Interno Best in Class ESG Scores Across Global O&G Industry Overall 2024 ESG Performance Top tier ESG performance powering a cleaner energy future Rating Rating Rating B Governance 3 Environment 1 Social 1 75 Placing us in the top 10% worldwide for sustainability in The highest in the global oil
Slide 5: Growing Cash Flow & Strong Margins
Uso Interno Growing Cash Flow & Strong Margins 77.7 79.1 72.7 62.6 61.0 54.7 56.3 50.5 35.9 31.8 25.1 3.7 Net Revenues Operating Cash Flow EBITDAX Net Income Capex Ending Cash Q1/24 Q1/25 1. Net revenues are defined as Natural gas, LNG and Crude Oil Revenues, Net of Royalties and Transportation Expe
Slide 6: Strong Cash Position & Covenant Compliance
Uso Interno Strong Cash Position & Covenant Compliance 2025 Debt Reduction: Cash & Equivalents $USD Millions 79.2 79.1 • Current Cash Position ~$79MM1 67.1 • Macquarie Term Loan: first payment $12.5MM in 42.6 December 2025 25.1 • Potential further debt repayments or bond buybacks with prospective fr
Slide 7: Strategic Focus: Three Key Natural Gas Growth Avenues
Uso Interno Strategic Focus: Three Key Natural Gas Growth Avenues 2025 Strategic Priorities: EBITDA & Reserves Growth Drill up to 11 exploration and 3 development wells High-Impact Exploration Advance new gas plays in the Lower Magdalena and Middle Magdalena Debt Reduction Loan amortization and disc
Slide 8: Significant Resource Opportunities in our Middle Magdalena Portfolio
Uso Interno Significant Resource Opportunities in our Middle Magdalena Portfolio Exploring the Middle Magdalena Valley Basin Valiente-1 Exploration Well • Large shallow structure • 5 kms south and up-dip from Opon gas Field • Gas condensate prospect • Primary target: La Paz Formation • Spud (3Q 2025
Slide 9: Progressing the Entrance to Bolivia
Uso Interno Progressing the Entrance to Bolivia Canacol’s Opportunity in the Sub-Andean Basin 4 E&P contracts signed with YPFB • Florida Este • Arenales • Ovai • Tita-Techi (field redevelopment) Strategically located along the main gas pipeline routes with export to Brazil: rapid commercialization g
Slide 10: Q&A
Uso Interno Q&A Investor Presentation l 10
Slide 11: Advisories
Uso Interno Advisories This presentation is provided for informational purposes only during the Financial Results Conference Call, is not complete and may not contain certain material information about Canacol Energy Ltd. (“Canacol" or the "Company"), including important disclosures and risk factors