Matador Resources Company · NYSE:MTDR
Matador Resources — Merger or Acquisition (June 2024)
11 slides from Matador Resources's merger presentation, Jun 12, 2024
Slide 1: Matador Acquisition of Ameredev
Matador Acquisition of Ameredev June 12, 2024
Slide 2: Investor Relations Contact and Disclosure Statements
Investor Relations Contact and Disclosure Statements Safe Harbor Statement – This presentation and statements made by representatives of Matador Resources Investor Relations Contact Company (“Matador” or the “Company”) during the course of this presentation includes “forward-looking statements” with
Slide 3: Matador's Strategic Bolt-On Acquisition of Ameredev
Matador’s Strategic Bolt-On Acquisition of Ameredev ACQUISITION DETAILS Ameredev Acquisition Overview TWIN LAKES Price: $1.905 billion(1) Strategic bolt-on in the Northern Delaware Basin 33,500 contiguous net acres 82% Held-by-Production Effective Date: 6/1/2024 Includes ~19% stake in Pi
Slide 4: Matador + Ameredev Combination Further Enhances Shareholder Value
Matador + Ameredev Combination Further Enhances Shareholder Value + MTDR Pro Forma Standalone Enterprise Value $9.7 billion (1) $11.6 billion +$1.9B Net Acres (Delaware) (2) 158,300 191,800 +33,500 net acres Avg. Daily Production 157,250 BOE/d (3) 182,750 BOE/d (4) +25,500 BOE/d % Oil 59% 60% +1% Ne
Slide 5: Ameredev Acquisition Enhances MTDR's Peer Leading EURs
Peer Leading Productivity Ameredev Acquisition Enhances MTDR’s Peer Leading Estimated Ultimate Recoveries (EURs) for Wells Turned to Production Since 2020 + Pro Forma Average Oil EUR (MBbl) AMEREDEV MTDR MTDR Peer 1 Peer 2 Peer 3 Peer 4 Peer 5 Peer 6 Peer 7 Peer 8 II + AMEREDEV PRO FORMA Source: Env
Slide 6: Matador + Ameredev: +26% Pro Forma Reserves Increase
Matador + Ameredev: +26% Pro Forma Reserves Increase Total Proved Reserves: 577.8 million BOE (59% oil) for Combined Company(1) 460.1 million BOE 59% Oil Standardized Measure = $6.11B PV-10(2) = $7.70B 460.1 Million BOE (Total Proved Reserves) +117.7 Million BOE (Total Proved Reserves) 117.7 million
Slide 7: Ameredev Acquisition Enhances Status as Top Producer in New Mexico
Ameredev Acquisition Enhances Status as Top Producer in New Mexico Matador estimated to be the 7th Largest Producer in New Mexico Pro Forma for Ameredev Acquisition 450,000 600,000 400,000 550,000 350,000 300,000 Q4 2023 BOE/Day 250,000 #7 Producer 200,000 #8 Producer 150,000 100,000 50,000 #20 Prod
Slide 8: Appendix
ay, ¢ Matador =a RESOURCES COMPANY ti Appendix MIDR June 12, 2024
Slide 9: Adjusted EBITDA & Adjusted Free Cash Flow Reconciliations
Adjusted EBITDA & Adjusted Free Cash Flow Reconciliations Adjusted EBITDA Reconciliation – This presentation includes the non-GAAP financial measure of Adjusted EBITDA. Adjusted EBITDA is a supplemental non-GAAP financial measure that is used by management and external users of the Company’s consoli
Slide 10: Adjusted EBITDA Reconciliation – Matador Resources Company
Adjusted EBITDA Reconciliation – Matador Resources Company The following table presents the calculation of Adjusted EBITDA and the reconciliation of Adjusted EBITDA to the GAAP financial measures of net income and net cash provided by operating activities, respectively. (In thousands) 1Q 2023 2Q 202
Slide 11: PV-10 Reconciliation
PV-10 Reconciliation PV-10 is a non-GAAP financial measure and generally differs from Standardized Measure, the most directly comparable GAAP financial measure, because it does not include the effects of income taxes on future income. PV-10 is not an estimate of the fair market value of the Company’
Matador Resources Company — Merger or Acquisition (June 2024) on 6ix