Alvopetro Energy Ltd. · TSXV:ALV
Alvopetro Energy — Investor Presentation (June 2025)
24 slides from Alvopetro Energy's investor presentation, Jun 16, 2025
Slide 1: Corporate Presentation June 2025
Corporate Presentation June 2025 TSXV: ALV OTCQX: ALVOF
Slide 2: Alvopetro - A Disciplined Capital Allocation Model
Alvopetro - A Disciplined Capital Allocation Model First Brazilian integrated onshore natural gas producer Strong operating and financial results well ahead of expectations Balanced reinvestment and stakeholder return model High rate of return opportunities in Brazil & Canada Proven team with succes
Slide 3: At a Glance – Value, Yield, Growth
At a Glance – Value, Yield, Growth Market Summary Brazil - Reserves & Resources, NPV10 before tax (4)(7)(8)(12) December 31, 2024 Shares outstanding(1) 36.4 million 800 Average daily trading volume(1) 53,490 600 US$ millions Insider ownership(1) 8.9% 400 Current Enterprise Value Market cap/Enterpris
Slide 4: Focused on Delivering Shareholder Returns
Focused on Delivering Shareholder Returns 183-A3 10.00 well results 197(1) well on production 9.00 Dividend +17% Dividend 8.00 -36% +17% 2P reserves value Emergency (NPV10BT) Expert Dividend +50% Arbitration decision 7.00 decision 183-D4 well Credit Facility repaid +53% 1P results Updated reserves C
Slide 5: Brazil a Growing Market with Attractive Fundamentals
Brazil a Growing Market with Attractive Fundamentals Largest oil producer in S. America and 9th globally New natural gas market. 32% of supply is currently imported World’s 9th largest economy Brazil Attractive fiscal regime with 5.5-11% royalties & 15%-34% income tax Stable regulatory framework att
Slide 6: State of Bahia – Reconcavo Basin
State of Bahia – Reconcavo Basin • Oldest producing basin in Brazil: 23.9 Mbopd + 2.2 e6m3/d (77 MMcf/d) • Brazil's 4th largest city Salvador (pop 2.9 million) • Well developed industrialized region • Majority of natural gas consumed in Camacari industrial complex • Highly strategic infrastructure B
Slide 7: Caburé – Asset Overview – 56.2% ALV
Caburé – Asset Overview – 56.2% ALV(12) • The Caburé field is a joint development of a conventional natural gas discovery Murucututu Project • Unitized area development - 8 wells and all production facilities (100%) ALV 183-B1 • Gross Unit production capacity up 33% to 21.2 MMcfpd (600 e3m3/d) • 202
Slide 8: Midstream - Infrastructure & Marketing (100% ALV)
Midstream - Infrastructure & Marketing (100% ALV) • 11-km transfer pipeline & Gas Plant (UPGN) with 18+ MMcfpd capacity Murucututu Project (100%) • Bahiagás 15-km Distribution pipeline & 70 MMcfpd citygate at our plant site • Updated GSA effective January 1, 2025, increasing firm sales volumes by 33
Slide 9: Strong Production Results
Strong Production Results Alvopetro - Daily sales volumes (boepd) 3,000 2,557 2,446 2,358 6 2,463 10 2,334 2,500 2 110 2,142 90 103 6 135 126 173 1,857 99 1,794 111 2,000 - 12 84 90 1,500 2,441 2,300 2,253 2,247 1,000 1,772 2,038 2,050 1,693 500 - H2 2020 2021 2022 2023 2024 Q1 April May 2025 2025 2
Slide 10: Operating Netback – Q1 2025
Operating Netback – Q1 2025 Operating Netback(9)- $/boe Q1 2025 operating netback margin of 80% Operating netback as a % of realized sales price 90% 88% 87% 82% Q1 2025 realized price of $63.67/boe Operating Netback Margin(9) (% of Sales Price) 82% 76.33 80% 80.00 68.04 2.13 69.31 80% Including natu
Slide 11: Disciplined Capital Allocation – Balancing Organic Growth & Returns
Disciplined Capital Allocation – Balancing Organic Growth & Returns Allocation of Funds Flow from Operations Funds Flow From Operations(9) & Capital Allocation July 2020 to March 31, 2025 9,618 Share Building 16,000 14,972 13,348 repurchases cash and 13,193 11,047 1% working 12,434 12,393 capital 12
Slide 12: Brazilian Organic Growth Plan
Brazilian Organic Growth Plan Near-term goal of 18 MMcfepd Longer-term vision of 35 MMcfepd Caburé Unit and midstream • Gas plant capacity 18+ MMcfpd • Redetermination - Unit working interest and production entitlement increased from 49.1% to 56.2%(12) Bahiagas City Gate • Further expand Unit capaci
Slide 13: 183-D4 Drilling Results
183-D4 Drilling Results Caruacu Subsea Murucututu Project (100%) Depth Structure 10m C.I. 183-D4 Caruaçu gas pay 61 metres TVD >50% Vshale & > normalized 4x background gas ALV 183-A3 ALV 183-D4 ALV 183-D4 ALV 197-1 NDE Alvopetro Pipeline Caburé Field (56%) • Based on cased-hole Gamma Ray log and nor
Slide 14: Murucututu – Positioned for Growth
Murucututu – Positioned for Growth • ALV can drill 6+ development wells from 3 existing well pads all connected to our field production facility at 183-1 • Drilled 183-D4 well a follow-up to 183-A3 106m updip Murucututu Caburé | TSXV: ALV, OTCQX: ALVOF 14
Slide 15: Murucututu Multi-Year Development Plan
Murucututu Multi-Year Development Plan • 2P Reserves: 3 existing wells + 5 undeveloped locations (183-D4, 183-D1, 183-A2, Mur-2, Mur-3) Existing Pipeline • Contingent Resource (best est): 4 development wells Existing Well Future Pipeline • Prospective Resource (best est): 12 additional wells Future
Slide 16: Mannville Stack – Alberta/Saskatchewan Conventional Heavy Oil Fairway
Mannville Stack – Alberta/Saskatchewan Conventional Heavy Oil Fairway Source: Tapping into Opportunity: Unlocking the Potential of Mannville Oil in the Lloydminster and Cold Lake Areas – Part 1 – GLJ | Your Global Energy Partner | TSXV: ALV, OTCQX: ALVOF 16
Slide 17: Attractive Economics With Multilateral Drilling Technology
Attractive Economics With Multilateral Drilling Technology | TSXV: ALV, OTCQX: ALVOF 17
Slide 18: Western Canadian Growth Platform
Western Canadian Growth Platform • Initial focus area – Mannville Stack • Multi-zone with large amounts of OOIP • Partnered with an established operator with strong track record • Attractive economics through the application of multilateral drilling technology • Shallow depths, lower geological risk
Slide 19: Western Canadian Type Curve Economics
Western Canadian Type Curve Economics Gross Type Well Economics: Capital costs C$1.8 million/well Target Type Well 121,000 bbls recoverable Payout NPV10 Recycle WTI IRR (months) (MMCAD) Ratio 60 19 47% 1.1 $ 2.1 70 12 94% 2.2 $ 2.9 80 9 153% 3.4 $ 3.8 80% * Target Type Curve 97,000 bbls recoverable
Slide 20: Why Invest?
Why Invest? Results Growth Value Yield | TSXV: ALV, OTCQX: ALVOF 20
Slide 21: TSXV: ALV OTCQX: ALVOF
TSXV: ALV OTCQX: ALVOF Calgary, Canada: Alvopetro Energy Ltd. Suite 401, 255 – 17th Avenue SW Calgary, Alberta, Canada T2S 2T8 Tel: (587) 794-4224 Email: info@alvopetro.com Salvador, Brazil: Alvopetro S/A Extração de Petróleo e Gás Natural Rua Ewerton Visco, 290, Boulevard Side Empresarial, Sala 200
Slide 22: Cautionary Statements
Cautionary Statements • Forward Looking Statements. This presentation contains forward-looking statements including forecasted future earnings and sales volumes, forecasted natural gas prices under the Company’s long-term gas sales agreement, the anticipated timing of projects, forecasted royalty ra
Slide 23: Cautionary Statements
Cautionary Statements • Net Present Value and Reserves Disclosed. The net present value of future net revenue attributable to Alvopetro’s reserves is stated without provision for interest costs and general and administrative costs, but after providing for estimated royalties, production costs, devel
Slide 24: Endnotes
Endnotes 1. As of June 16, 2025. Average daily trading volume is based on average volumes traded on all Canadian exchanges (TSXV and other Canadian) and on the OTCQX in the six months commencing on December 17, 2024 and ending on June 16, 2025. 2. Enterprise value of $155.8 million is computed as US