Frontera Energy Corporation · TSX:FEC
Frontera Energy — Q1 2022 Earnings Presentation
9 slides from Frontera Energy's earnings presentation, May 2022
Slide 1: Frontera Energy Q1'22 Earning Slides
Frontera Energy Q1’22 Earning Slides May, 2022
Slide 2: Corporate Snapshot: Capital Structure
Capital Structure (As at March 31, 2022) ($U.S.) ($MM) (+) Long-term debt(1)(5) $408 (+) Total Lease Assets (2)(5) $7 (+) Risk Management Liabilities, net (3)(5) -$5 = Consolidated Total Indebtedness excluding Unrestricted Subsidiaries (6)(9) $410 (-) Net Debt excluding Unrestricted Subsidiaries(4)(
Slide 3: Q1'22 Highlights
Q1’22 HIGHLIGHTS Compared to Q4 2021: - Increased production 6.5% to 41,100 boe/d - Increased operating netback(1) 22% to $58.44/boe - Cash position of $323.5 million - Capital expenditures of $113.5 million - Increased net sales realized price 17% to $81.66/boe - Delivered operating EBITDA(1) of $1
Slide 4: First Quarter 2022 By Numbers
FIRST QUARTER 2022 BY NUMBERS Production(1) Operating Cost(2) Netback Capital 41,100 $23.22/boe Expenditures $58.44/boe BOE/D $114MM Uncollateralized Operating Total Cash credit lines EBITDA(3)... Position of $107MM $133MM $324MM including Net sales Frontera 2022 World’s Most Restricted realized ann
Slide 5: Q1 2022 Quarterly Results: Capital expenditures, production and transportation costs
Q1 2022 QUARTERLY RESULTS Capital expenditures, production and transportation costs PRODUCTION BY SOURCE (KBOE) PRODUCTION COST ($/BOE) TRANSPORTATION COST ($/BOE) CAPITAL EXPENDITURES ($MM) 5
Slide 6: Q1 2022 Quarterly Results: Sustainable Operational Performance
Q1 2022 QUARTERLY RESULTS Sustainable Operational Performance OPERATING EBITDA (1) ($MM) AND REALIZED PRICE ($BOE) AND BRENT ($BBL) OPERATING EBITDA MARGIN (%) OPERATING NETBACK ($/BOE) (1) CFFO ($MM) AND CAPEX/ CFFO (%) Capex/ 30% 70% 130% 119% 99% CFFO 6 1 Operating Netback and Operating EBITDA ar
Slide 7: Q1 2022 Quarterly Results: Debt Ratios
Q1 2022 QUARTERLY RESULTS Debt Ratios NET DEBT(1) (EXCL. RESTRICTED SUBSIDIARIES) ($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 measures. See “Non-IFRS Measures”.
Slide 8: Contact us
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