Riley Exploration Permian, Inc. · AMEX:REPX
Riley Exploration Permian — Investor Presentation (March 2023)
14 slides from Riley Exploration Permian's investor presentation, Mar 8, 2023
Slide 1: Company Overview March 2023
a RILEY )! PERMIAN Company Overview March 2023
Slide 2: Forward-Looking Statements
2 Forward-Looking Statements Forward-Looking Statements This presentation contains projections and other forward-looking statements within the meaning of federal securities laws. These projections and statements reflect Riley Exploration Permian, Inc.’s (“Riley Permian”) current views with respect t
Slide 3: Corporate and Strategic Overview
Corporate and Strategic Overview • Riley Permian is a growth-oriented, independent oil and natural gas company with operations focused on Texas and New Mexico • Core business operations focus on modern horizontal drilling and completions applied to the conventional formations in the Permian Basin −
Slide 4: Prime Core Asset in Yoakum County, Texas
Prime Core Asset in Yoakum County, Texas 4 Platang Field “Champions” Legacy Regional Development Riley Permian’s Modern Development • The San Andres is a proven, conventional reservoir that has been producing for over 100 years • Relative to shale, the San Andres reservoir has excellent natural perm
Slide 5: Enhancing Scale with Transformative New Mexico Acquisition
Transaction Overview Regional Map • Strategic acquisition in the prolific Yeso trend (Eddy County, NM) • Purchase price of $330 million with 100% cash consideration • To be funded through a combination of borrowings under the Company's revolving credit facility and the proceeds from the issuance of
Slide 6: Track Record of Consistent Growth and Shareholder Returns
Total Net Production MBoe/d Adjusted EBITDAX(1) $MM Dividends per Share $/Sh 6 Track Record of Consistent Growth and Shareholder Returns (1) A non-GAAP financial measure as defined in the supplemental financial tables available on the Company’s website at www.rileypermian.com. 3.9 5.6 5.7 6.7 8.8 4.
Slide 7: Improving Capital Efficiency: More Growth with Less Spending
Improving Capital Efficiency: More Growth with Less Spending Increased Allocation of Capital to Dividends + Balance Sheet Materially Increased FCF(1) 7 Reinvesting for Significant Growth While Also Increasing FCF(1) $MM Note: All periods shown above are for the 12 months ended 12/31/21 or 12/31/22.
Slide 8: Environmental Social Governance
Environmental Social Governance • Formed JV to use flare gas for onsite power generation which will reduce emissions • Pursuing CCUS activities to capture and storage industrial CO2 • Onsite pipelines transport nearly all production volumes, eliminating trucking and associated emissions • Our 2022 p
Slide 9: Investment Highlights: Inflation Hedge, Yield-Oriented Growth Story
CO2 Investment Highlights: Inflation Hedge, Yield-Oriented Growth Story 9(1) Future dividends are subject to approval by the board of directors. Yield based on share price as of 3/7/23. Multi-year track record of organic growth in production, cash flow and reserves across commodity cycles Premier, o
Slide 10: Appendix
Appendix 10[ insert footnotes here ]
Slide 11: Capitalization Summary
Capitalization Summary 11 RILEY PERMIAN NYSE: REPX Share Price1 [$25.95] Shares Out1 [19.54MM] Market Cap1 [$507MM] Debt1 [$61MM] Insider Holdings [32%] Current Qrtly. Dividend1 [$0.34/Sh.] Ann. Dividend Yield1,2 [4.8%] 1) As of [10/28/22]. 2) Future dividends are subject to approval by the board of
Slide 12: Existing Proved Reserves Based on SEC Pricing
Existing Proved Reserves Based on SEC Pricing(1) 12 Commodity Volume Mix Developed vs Undeveloped Volume Mix Developed vs Undeveloped PV-10(2) Mix 78 MMBoe 78 MMBoe $802 MM NYMEX value(3), $1.4BN SEC value (1) Reserves based on third party estimates as of 12/31/22, prepared by Netherland Sewell & As
Slide 13: Hedging Positions as of 3/3/23
13 Hedging Positions as of 3/3/23 Note: Q1 2023 derivative positions shown include some contracts that have settled as of 3/3/23 2023 2024 2025 Calendar Quarters 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q CRUDE OIL Fixed Swap - Volume, Bbls/Qtr 225,000 315,000 216,000 189,000 60,000 60,000 60,000 60,000 - Weighted
Slide 14: Additional Information
Additional Information 14 Company www.rileypermian.com 29 E. Reno Ave., Ste 500 Oklahoma City, OK 73104 Investor Relations Direct: 405-415-8699 ir@rileypermian.com
Riley Exploration Permian — Investor Presentation (March 2023) on 6ix