Eqt Corporation · NYSE:EQT
Eqt — ESG Presentation (June 2021)
24 slides from Eqt's sustainability presentation, Jun 30, 2021
Slide 1: ESG & EQT: Path Towards Differentiation and Sustainable Value Creation
ESG & EQT: Path Towards Differentiation and Sustainable Value Creation June 30, 2021 6/29/20 1 1 21
Slide 2: Today's Presenters & Cautionary Statements
Today’s Presenters & Cautionary Statements Cautionary Statements This presentation contains certain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. Statements that do not relat
Slide 3: 2020 ESG Report: Empowering Evolution
2020 ESG Report: EMPOWERING EVOLUTION ▪ Engagement, transparency and accountability are the cornerstones of establishing alignment with our stakeholders ▪ Produced under disclosure frameworks maintained by GRI, SASB, TCFD, AXPC and Disclosing the Facts “We are turning our vision into reality and exe
Slide 4: EQT is Equipped to Excel In a Low-Carbon Future
EQT is Equipped to Excel In a Low-Carbon Future We produce a modern hydrocarbon using our modern operating model with the proven ability to evolve We have transformed into a modern, digitally-enabled operator with vision and purpose. Base Business Evolution Low Carbon Future (ESG) • Deeply rooted 13
Slide 5: Energy Consumption Drives Human Progress
Energy Consumption Drives Human Progress Greater energy consumption leads to higher quality of life with longer life expectancy PER CAPITA ENERGY USE VS. SOCIAL PROGRESS INDEX: BY COUNTRY PER CAPITA ENERGY USE VS. LIFE EXPECTANCY: BY COUNTRY 2010 (3) 2015(2) 105 90 Switzerland 85 Life Expectancy at
Slide 6: Natural Gas Has the Optimal Attributes for a Sustainable Energy Ecosystem
Natural Gas Has the Optimal Attributes for a Sustainable Energy Ecosystem ENERGY ATTRIBUTE COMPARISON EXAMPLE: Natural gas vs. coal vs. solar (without batteries) Reliability • Natural gas, coal and nuclear are proven reliable energy sources in Reliability periods of renewable-electricity intermitten
Slide 7: Natural Gas Provides the Lowest Cost Form of Reliable Energy
Natural Gas Provides the Lowest Cost Form of Reliable Energy Gas fired electricity generation is cost-competitive with non- RENEWABLES AND GAS/COAL MIX SPP ISO – JANUARY 2021(2) dispatchable generation 35,000 REGIONAL VARIATION IN LCOE FOR NEW RESOURCES ENTERING SERVICE IN 2026 - WITH SUBSIDIES(1) S
Slide 8: Increased Natural Gas Consumption has Decreased Domestic Emissions
Increased Natural Gas Consumption has Decreased Domestic Emissions Prioritization of natural gas as the baseload energy source reduces emissions and supports renewables The U.S. shale revolution has resulted in the growth of natural gas as a major energy source… U.S. ELECTRICITY GENERATION BY MAJOR
Slide 9: Compelling Opportunity for Domestic Natural Gas to Replace Carbon-Intensive Energy Sources
Compelling Opportunity for Domestic Natural Gas to Replace Carbon- Intensive Energy Sources FUTURE GLOBAL COAL POWER(3) ~3 Billion >36% People in the world Of global power is who rely on coal as generated by coal in their primary power 2019 source(1) The opportunity for natural gas 2019 NET GHG EMIS
Slide 10: Domestic Natural Gas Sourced from Appalachia is the Best Option to Lower Global Reliance
Domestic Natural Gas Sourced from Appalachia is the Best Option to Lower Global Reliance on Carbon Intensive Energy Sources 2019 EMISSIONS INTENSITY(1) 40 Intensity - GHG Emissions (Kg CO2e) / Production of 35 ▪ The Appalachian Basin, where EQT operates, is one of the 30 lowest-emitting basins domes
Slide 11: EQT's Engaged, Values-Driven Workforce is Driving ESG Excellence
EQT’s Engaged, Values-Driven Workforce is Driving ESG Excellence CULTURE EMISSIONS GHG EMISSIONS INTENSITY(2) 80 ▪ Between 2018 and 2020, we reduced our ▪ Our unique digital work environment has Production segment combustion emissions by enhanced the way we work and communicate over 50% 70 with each
Slide 12: Our Emissions Reduction Targets Demonstrate Our Commitment to a Low Carbon Future
Our Emissions Reduction Targets(1) Demonstrate Our Commitment to a Low Carbon Future 1 | Net Zero 2 | GHG Intensity Reduction 3 | Methane Intensity Reduction Achieve net zero Scope 1 and Scope 2 GHG Reduce our Scope 1 GHG emissions intensity Reduce our Scope 1 methane emissions emissions by or befor
Slide 13: Our Industry is Setting Aggressive Emissions Targets, EQT is Playing a Leading Role
Our Industry is Setting Aggressive Emissions Targets, EQT is Playing a Leading Role ANNUALIZED GHG REDUCTIONS VS. 2019 EMISSIONS INTENSITY ▪ Our annualized target reduction rate of ~18% is peer- leading 20.0% 30 ▪ Our aggressive targets prove that Appalachian natural 18.0% gas is the low-emissions r
Slide 14: We are Committed to Leading Efforts in Methane Management
We are Committed to Leading Efforts in Methane Management METHANE EMISSIONS INTENSITY(1) ▪ Reducing global methane emissions is critical to 35 address climate change ▪ We are committed to employing best-practices that 30 limit our methane emissions Methane Intensity (Kg CO2e/boe) 25 ▪ Beginning in 2
Slide 15: Sustainable Shareholder Value Creation Drives our Multi-Level Strategy
Sustainable Shareholder Value Creation Drives our Multi-Level Strategy The Sustainable Shale Era values FCF generation, balance sheet strength, net zero targets, and returning capital to shareholders The Sustainable Shale Era Initiated $75 MM funding for ESG and New Ventures NEW VENTURES CONSOLIDATE
Slide 16: Our New Ventures Strategy is Rooted in Generating Sustainable, De-risked Shareholder Value
Our New Ventures Strategy is Rooted in Generating Sustainable, De-risked Shareholder Value NEW VENTURES PROCESS ▪ Crucial to our approach is improving emissions while maintaining or SEARCH improving margins ▪ We will continue to be diligent stewards in capital allocation while making decisions that
Slide 17: ESG and EQT Takeaways
ESG and EQT Takeaways 1| EQT is equipped to excel in a low carbon future Natural gas and its role in the energy mix is critical in advancing quality of life and meeting 2| ambitious climate goals Appalachian natural gas is the differentiated, low-cost, low-emissions source of choice, and 3| ultimate
Slide 18: Appendix
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Slide 19: Why ESG Matters to EQT
Why ESG Matters to EQT Long Term, Sustainable “The Right Thing to Do” Risk Management Financial Value Engagement Access to Capital Recognition of Energy Transition • Employees, partners, and stakeholders • Capital providers pushing for net zero • ESG leaders at forefront of ESG thinking actively eng
Slide 20: EQT Mission | Become the Operator of Choice for All Stakeholders
EQT Mission | Become the Operator of Choice for All Stakeholders Our vision for each group drives our performance for all stakeholders Investment Community Mother Nature EQT is the security that investors want to own. Investments in our EQT is the energy provider with the lowest environmental impact
Slide 21: EQT Values – Not Just "What" We Do, but "How" We Do It
EQT Values – Not Just “What” We Do, but “How” We Do It Setting the table for values driven behaviors TRUST | Always doing the right thing. Doing what you say we will do. TEAMWORK | Working together toward a common goal. Sharing, respecting and embracing diversity of thought. Understanding customers.
Slide 22: EQT Management has Experience with Change: 2007-2019 Shale Rush
EQT Management has Experience with Change: 2007-2019 Shale Rush Rice Energy outperformed peers during the rush while building a differentiated, technology-driven business DRY SHALE GAS PRODUCTION ESTIMATES BY PLAY (BCF/D) (1) • Formation of Rice Energy during the height of the shale rush Formation o
Slide 23: ESG Metrics are Embedded in Our Digital Work Environment (DWE)
ESG Metrics are Embedded in Our Digital Work Environment (DWE) DIGITAL WORK ENVIRONMENT ESG OVERSIGHT ESG INTIATIVES & METRICS • In effect since 3Q19 • Digital work environment unique to EQT • 100% mobile & scalable • Able to make real-time, decisions, • Improved governance and enhanced decision-mak
Slide 24: Modern Operating Approach Drives ESG Efficiencies: Combo Development
Modern Operating Approach Drives ESG Efficiencies: Combo Development 24