Matador Resources Company · NYSE:MTDR
Matador Resources — FY2015 Earnings Presentation
11 slides from Matador Resources's earnings presentation, Feb 25, 2016
Slide 1: Year-End and Fourth Quarter 2015 Earnings Release
February 24, 2016 Year-End and Fourth Quarter 2015 Earnings Release NYSE: MTDR Exhibit 99.2
Slide 2: Disclosure Statements
2 Disclosure Statements Safe Harbor Statement – This presentation and statements made by representatives of Matador Resources Company (“Matador” or the “Company”) during the course of this presentation include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 19
Slide 3: Despite Low Commodity Prices, 2015 Was an Excellent Year for Matador
Despite Low Commodity Prices, 2015 Was an Excellent Year for Matador 3 Four key transactions improved our asset base and kept our balance sheet strong HEYCO merger in February 2015 added approximately 60,000 gross (20,000 net) acres in the Delaware Basin(1) Initial non-operated well results ac
Slide 4: Year-end and fourth quarter 2015 highlights
4 Record oil, natural gas and total production for year ended December 31, 2015, with both oil and natural gas production at or near top of 2015 upwardly revised guidance Total BOE production of 9.11 million BOE, up 55% year-over-year (“YoY”) Total oil production of 4.5 million barrels (up 35%
Slide 5: Selected Operating and Financial Results
Selected Operating and Financial Results 5 (1) Production volumes reported in two streams: oil and natural gas, including both dry and liquids-rich natural gas. (2) Includes approximately $1.18, $0.73, $0.45, $1.04, $0.94 and $0.91 per BOE of non-cash, stock based compensation expense in the fourth
Slide 6: Record Oil, Natural Gas and Total Production in 2015
39.8 34.1 35.4 41.9 75.9 2011 2012 2013 2014 2015 422 3,317 5,843 9,095 12,306 2011 2012 3 2014 2015 Average Daily Oil Production (Bbl/d) Average Daily Natural Gas Production (MMcf/d) Average Daily Total Production (MBOE/d) Oil Production Mix (% of Average Daily Production) 6 Growth since IPO Growth
Slide 7: Matador's Proved Reserves and PV-10: 2013 – 2015
7 Matador’s Proved Reserves and PV-10(1): 2013 – 2015 Eagle Ford $540.4 million, 82% Haynesville/CV $82.9 million, 13% Delaware Basin $31.9 million, 5% YE 2013 51.7 million BOE 16.4 million Bbl oil (32% oil) PV-10(1): $655.2 million $93.42 oil / $3.67 gas 68.7 million BOE 24.2 million Bbl oil (35% o
Slide 8: Delaware Basin Acreage Position and Recent Test Results
Delaware Basin Acreage Position and Recent Test Results 8 L E A LOVING WARD Matador Resources Acreage TWIN LAKES ~42,300 gross / ~29,900 net acres WOLF / LOVING AREA ~12,200 gross / ~7,500 net acres Jackson Trust RANGER ~32,400 gross / ~19,400 net acres ARROWHEAD ~47,400 gross / ~16,900 net acres E
Slide 9: Committed to Maintaining Strong Balance Sheet
0.0x 0.0x 0.1x 1.5x 0.2x 0.7x 1.1x 1.3x 1.5x 1.6x 0.8x 1.0x 1.2x 0.6x 1.0x 1.3x 1.6x 1.4x 1.6x 1.5x 2008 2009 2010 2011 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 Net Debt / LTM EBITDA $76 $240 $256 $416 $340 In it ia l P u b lic O ff e ri n g Preserved and enh
Slide 10: Hedging Profile
450,000 570,000 570,000 570,000 $70.45 $64.72 $64.72 $64.72 $45.80 $43.53 $43.53 $43.53 $0 $20 $40 $60 $80 $100 $120 0 100,000 200,000 300,000 400,000 500,000 600,000 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Oil Vol ume He dg ed (B bl) 2.70 3.00 3.00 3.00 1.80 1.80 1.80 1.80 $3.60 $3.53 $3.53 $3.53 $3.57 $3.
Slide 11: Summary and Initial 2016 Guidance
11 Summary and Initial 2016 Guidance (As Provided February 3, 2016) (1) For operations only. Does not include capital expenditures associated with the HEYCO transaction or two associated joint ventures. (2) Adjusted EBITDA is a non-GAAP financial measure. For a definition of Adjusted EBITDA and a re