Frontera Energy Corporation · TSX:FEC
Frontera Energy — Q4 2021 Earnings Presentation
9 slides from Frontera Energy's earnings presentation, March 2022
Slide 1: Frontera Energy Earning Slides
Frontera Energy Earning Slides March, 2022
Slide 2: Corporate Snapshot
Capital Structure (As at December 31, 2021) ($U.S.) ($MM) (+) Long-term debt(1)(5) $409 (+) Total Lease Liabilities (2)(5) $7 (+) Risk Management Liabilities, net (3)(5) $0 = Consolidated Total Indebtedness excluding Unrestricted Subsidiaries (6) $417 (-) Net Debt excluding Unrestricted Subsidiaries
Slide 3: Fourth Quarter Highlights
FOURTH QUARTER HIGHLIGHTS Compared to Q3 2021: - Production increased 6% to 38,605 boe/d - Operating netback(1) increased 26% to $47.80/boe - Operating EBITDA(1) increased 104% to $148.3 million - Capital expenditures of $135.5 million - Net income of $629.4 million - Released ~$37.4 million of rest
Slide 4: Year-End 2021 by Numbers
YEAR-END 2021 BY NUMBERS Production Operating Cost Netback Capital 37,818 $21.89/boe Expenditures $37.26/boe BOE/D $314MM Cash Provided by Operating Total Cash Operating Activities EBITDA... Position of $327MM $373MM $321MM including Released 3.9 million Achieved Restricted Restricted Cash of Cash s
Slide 5: Q4 2021 Quarterly Results
Q4 2021 QUARTERLY RESULTS Capital expenditures, production and transportation costs PRODUCTION BY SOURCE (KBOE) PRODUCTION COST ($/BOE) TRANSPORTATION COST ($/BOE) CAPITAL EXPENDITURES ($MM) 5
Slide 6: Q4 2021 Quarterly Results: Sustainable Operational Performance
Q4 2021 QUARTERLY RESULTS Sustainable Operational Performance OPERATING EBITDA (1) ($MM) AND REALIZED PRICE ($BOE) AND BRENT ($/BBL) OPERATING EBITDA MARGIN (%) OPERATING NETBACK ($/BOE) (1) CFFO ($MM) AND CAPEX/ CFFO (%) Capex/ 59% 30% 70% 130% 119% CFFO 6 1 Operating Netback and Operating EBITDA a
Slide 7: Q4 2021 Quarterly Results: Debt Ratios
Q4 2021 QUARTERLY RESULTS Debt Ratios NET DEBT(1) (EXCL. RESTRICTED SUBSIDIARIES) ($MM) NET DEBT TO OPERATING EBITDA RATIO (1) (X) DEBT TO BOOK CAPITALIZATION (%) INTEREST COVERAGE (X) 7 1 Net Debt and Operating EBITDA are non-IFRS measure. See "Non-IFRS Measures
Slide 8: Contact us at: ir@fronteraenergy.ca
Contact us at: ir@fronteraenergy.ca Follow us on:
Slide 9: Advisories
ADVISORIES Forward-Looking Information - This presentation contains forward-looking information within the meaning of Canadian securities laws. Forward-looking information relates to activities, events or developments that Frontera Energy Corporation (“Frontera” or the “Company”) believes, expects o