Parex Resources Inc. · TSX:PXT
Parex Resources — Investor Presentation (December 2024)
16 slides from Parex Resources's investor presentation, December 2024
Slide 1: Parex Resources Investor Presentation – December 2024
Parex Resources Investor Presentation – December 2024
Slide 2: TSX:PXT
TSX:PXT ▪ One of Colombia’s Largest Independent Oil & Gas Companies ▪ Track Record of Creating Value in Colombia since 2009 ▪ Target the Return of ≥33% of FFO(1) to Shareholders ▪ Deep Portfolio with Transformational Exploration Opportunities ▪ Top-Tier ESG Performance Stock Symbol TSX:PXT Shares Ou
Slide 3: Strategy
Strategy Business Fundamentals Strategic Growth Levers Colombia Advantage & ESG Utilize Exploitation & Technology UNLOCKING EXTENSIVE LAND BASE USING GLOBALLY-PROVEN TECHNOLOGY Asset Sustainability Capture Liquids-Rich Gas Opportunities PURSUING ONSHORE, WORLD-CLASS GAS PLAYS THAT ARE UNDEREXPLORED
Slide 4: Operating in Colombia – The Parex Advantage
Operating in Colombia – The Parex Advantage What sets us apart in Colombia 10+ years operating in Colombia Track record as a safe, responsible operator Established social license & community relationships One of the largest independent E&P in Colombia Strong market access (local & global) Employer o
Slide 5: Cabrestero & LLA-34: World-Class Assets
Cabrestero & LLA-34: World-Class Assets Basin: Southern Llanos Operator: PXT (Cabrestero), Non-Operator (LLA-34) W.I.: 100% (Cabrestero), 55% (LLA-34) Cabrestero Monthly Production (net; kbbl/d)(1) Key Takeaways 16 Cabrestero Block 8 ▪ Continuing to ramp-up injection rates to minimize decline rate 0
Slide 6: LLA-32: Appraisal & Development Program
LLA-32: Appraisal & Development Program Basin: Southern Llanos Operator: PXT W.I.: 87.5% Azogue Delineation Depth Az-1 Az-6-HZ Az-4 Az-5 Az-3 Az-3 Unbooked Stepout Az-5 Follow-Up Appraisal Az-4 Follow-Up Appraisal Az-6 Horizontal Well Zone 1 Az-1 Mirador Drilled 2019 Key Takeaways Zone 2 Guadalupe ▪
Slide 7: Capachos: Leveraging Multi-Zone Potential
Capachos: Leveraging Multi-Zone Potential Basin: Northern Llanos Operator: PXT W.I.: 50% Andina-1 AN-2 Capachos Monthly Production (net; kbbl/d)(1) Depth Sur-3 Sur-4 2ST Andina -2 Andina-3 AN-1 AN-3 6 4 2 0 2021 2022 2023 2024 Zone 1 Mirador Key Takeaways Zone 2 Guadalupe ▪ Based on historical downt
Slide 8: Llanos Foothills: Development of Colombian Gas Essential
Llanos Foothills: Development of Colombian Gas Essential Slide as Presented by Ecopetrol at Arpel-Naturgas Conference(1) The development of gas potential is essential for energy sovereignty Will require momentum and support from all actors to achieve timely entry Balance National Supply - Country De
Slide 9: Top-Tier ESG Performance
Top-Tier ESG Performance E External Recognition ▪ Reduced GHG intensity by 39% (scope 1 & 2) from 2019 baseline ▪ Avoided ~5,300 tCO2e by connecting the Cabrestero field to the electricity grid ▪ Achieved a 48% reduction in flaring emissions from 2019 baseline S ▪ Invested over US$20 million in comm
Slide 10: Long-Term Capital Allocation Framework
Long-Term Capital Allocation Framework 1. Reinvest ~2/3 of FFO(1) into Business 2. Return ≥1/3 to Shareholders(2) Regular Dividends + Near-Field Investments Big ‘E’ Share Buybacks ▪ Short- and Medium-Term: drive sustainable business model ▪ Quarterly regular dividend ▪ Optimization of key assets thr
Slide 11: Return of Capital Track Record
Return of Capital Track Record RETURN OF CAPITAL (CAD MM) CONTINUALLY LOWERING THE SHARE COUNT (MM) ~$295 ~$1,845 162 $300 148 98.7MM Shares Outstanding as at November 31, 2024 $384 134 122 $334 110 $230 104 $300 2019A 2020A 2021A 2022A 2023A 2024F(1) Total 2018A 2019A 2020A 2021A 2022A 2023A Share
Slide 12: Contact Information
Contact Information Mike Kruchten Senior Vice President, Capital Markets & Corporate Planning 403-517-1733 investor.relations@parexresources.com Steven Eirich Investor Relations & Communications Advisor 587-293-3286 investor.relations@parexresources.com Parex Resources Inc. 2700 Eighth Avenue Place,
Slide 13: Advisory
Advisory This presentation is provided for informational purposes only as of December 11, 2024, is not complete and may not contain certain material information about Parex Resources Inc. ("Parex" or the "Company"), including important disclosures and risk factors associated with an investment in Pa
Slide 14: Advisory
Advisory Non-GAAP and Other Financial Measures Advisory This presentation uses various "non-GAAP financial measures", "non-GAAP ratios", "supplementary financial measures" and "capital management measures" (as such terms are defined in National Instrument 52-112 – Non-GAAP and Other Financial Measur
Slide 15: Advisory
Advisory Oil and Gas Information This presentation contains certain oil and gas metrics, including netbacks, cash netbacks, funds flow from operations netback and CAGR, which do not have standardized meanings or standard methods of calculation and therefore such measures may not be comparable to sim
Slide 16: Advisory
Advisory Historical Production(1) 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Light & Medium Crude Oil (bbl/d) - - - - - - - - 4,668 7,214 6,021 6,831 7,471 8,417 Heavy Crude Oil (bbl/d) - - - - - - - - 39,120 44,494 39,197 38,449 43,008 45,163 Average Oil Production (bbl/d
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