Canacol Energy Ltd. · BVC:CNEC
Canacol Energy — Q4 2024 Earnings Presentation
12 slides from Canacol Energy's earnings presentation, March 2025
Slide 1: 4Q 2024 Results Conference Call Presentation
4Q 2024 Results Conference Call Presentation March 2025 Investor Presentation l 1
Slide 2: 2024 Financial Highlights
2024 Financial Highlights $296 EBITDAX $237 $213 $194 Record 2024 Results : 2021 2022 2023 2024 vs 2023 Record Ebitdax $296MM 25% Natural Gas Pricing & Netbacks (US$/MCF) 1, 2 $6.99 $5.43 Strong Netbacks $5.41 32% $4.74 $5.41 $4.37 $4.12 $3.68 $3.40 Efficient Capex $122MM -43% 2021 2022 2023 2024 Op
Slide 3: Zoom to Our Reserves
Zoom to Our Reserves Canacol Reserves (Bcfe) 2024 Canacol Reserves Highlights 1,121 2024 • 254 Bcfe, with an after tax NPV10 of US $1.1 billion • CAD $45.8/share of reserve value 599 1P • CAD $15.5/share of NAV 254 • Reserve Life Index of 4.3 years 1P 2P 3P • 599 Bcfe, with an after tax NPV10 of US
Slide 4: S&P Global Sustainability Yearbook Member – Second Year in a Row
S&P Global Sustainability Yearbook Member – Second Year in a Row Overall CSA Performance Canacol scored 75 points out of 100, ranking 4th out of 165 companies in the Oil & Gas - Upstream & Integrated sector Rank: 8th (total score of 67 out of 100) Environmental Performance • We’ve moved up 3 spots t
Slide 5: Growing Revenues & EBITDAX
Growing Revenues & EBITDAX +23% $98.3 +43% $79.7 $76.1 $72.2 -60% +68% $52.1 $53.1 $31 $29.9 $28.6 -$25.4 Net Revenues FFO EBITDAX Net Income Capex Q4/23 Q4/24 Our financial results continue to be further strengthened by our ongoing commitment to operational efficiency, aimed at reducing costs and c
Slide 6: Profitability and Efficiency of Capital Utilization
Profitability and Efficiency of Capital Utilization 21% 19% 18% 14% 11% Q4/23 Q1/24 Q2/24 Q3/24 Q4/24 ROCE 12-month ROCE ROCE has shown a significant upward trend, reflecting our strategic investments and operational efficiencies Investor Presentation l 7
Slide 7: Leverage & Cash Position
Leverage & Cash Position Net Debt to EBITDAX Ratio1 Interest Coverage Ratio1 Current Ratio1 Covenant: 3.25x – 3.50x 2.02x 5.10x 1.71x 2.91x 4.71x 4.85x 2.69x 4.65x 2.55x 1.30x 2.31x 1.14x Covenant: 2.50x Covenant: 1.0x Q1/24 Q2/24 Q3/24 Q4/24 Q1/24 Q2/24 Q3/24 Q4/24 Q1/24 Q2/24 Q3/24 Q4/24 Leverage
Slide 8: 2025 Plan
2025 Plan CAPEX Natural Gas & Oil Sales Guidance US$143-160 MM 146 – 159 MMscfepd 180 $160 MM Natural Gas Sales Guidance: 160 $143 MM $16 140 – 153 mmscfd 140 Avg price: $7.33 - $7.65 /Mcf $16 120 Admin, ESG, & Other $69 Firm take-or-pay contracts: 100 $52 111 mmscfd 80 Exploration 60 2025 Guidance
Slide 9: Strategic Focus: Three Key Natural Gas Growth Avenues
Strategic Focus: Three Key Natural Gas Growth Avenues Colombia 1. Lower MagdalenaValley Basin Proven Basin with Ongoing Growth Potential 2. Middle Magdalena Valley Basin Exploring Shallow and Deep Resource Potential Bolivia 3. Sub-Andean Basin Seizing Early Opportunities in an Under-Developed Market
Slide 10: Q&A
Q&A Investor Presentation l 12
Slide 11: Advisories
Advisories This presentation is provided for informational purposes only during the 4Q 2024 Financial Results Conference Call held on the 21st of March 2025, is not complete and may not contain certain material information about Canacol Energy Ltd. (“Canacol" or the "Company"), including important d
Slide 12: Advisories
Advisories The Corporation also presents adjusted funds from operations per share, whereby per share amounts are calculated using the weighted-average shares outstanding consistent with the calculation of net income (loss) and comprehensive income (loss) per share. Investor Presentation l 14