Frontera Energy Corporation · TSX:FEC
Frontera Energy — Q1 2018 Earnings Presentation
11 slides from Frontera Energy's earnings presentation, May 11, 2018
Slide 1: Positioning for Growth: First Quarter 2018 Earnings Results
Positioning for Growth First Quarter 2018 Earnings Results: May 11, 2018
Slide 2: Advisories
Advisories This presentation contains forward-looking statements. All statements, other than statements of historical fact that address activities, events or developments that Frontera Energy Corporation (the “Company” or “Frontera”) believes, expects or anticipates will or may occur in the future (
Slide 3: Frontera Energy Corporate Snapshot
Frontera Energy Corporate Snapshot Q1 2018 Production Mix Capital Structure (Mar. 31, 2018)(1) Natural Gas Shares Outstanding (TSX: FEC; MM) 50 Heavy Oil Market Cap ($MM)(2) $1,563 7% Total Cash(3) /Cash and 3 Cash Equivalents ($MM) $696 / $516 38% 66.2 Long-Term Debt (B+/RR4 Rated; $MM)(4) $250 Mbo
Slide 4: 2018 Outlook and Guidance
2018 Outlook and Guidance Investing for Growth 2018 Capital Expenditures and Other Forecasts 2018 Outlook Q1 2018 Results Operating EBITDA(1)(2) $375 - $425MM $86MM Capital Expenditure(2) $450 - $500MM $79MM Average Annual Net Production 65 - 70Mboe/d 66Mboe/d Brent Oil Price $63.00/bbl $67.23/bbl B
Slide 5: Q1 2018 Operational Highlights
Q1 2018 Operational Highlights Peru Reactivations Offset Colombia Social Issues and Declines Production Profile: Stable Production Mix: Balanced Mboe/d 72.5 72.4 71.1 65 -70 70 64.4 66.2 Natural Gas 60 7% 50 40 38% Heavy Oil 66.2 30 Mboe/d 20 Light & 55% 10 Medium Oil 0 Q117 Q217 Q317 Q417 Q118 2018
Slide 6: Frontera's Strategic Initiatives
Frontera’s Strategic Initiatives Stable Production Profile with Exploration and Strategic Initiative Upside 1. Anticipates the ability to deliver stable production of between 65-70 Mboe/d based on existing 2P reserves and 3P development opportunities 2. Strong balance sheet: $696 million of total ca
Slide 7: First Quarter 2018 Operational & Financial Highlights
First Quarter 2018 Operational & Financial Highlights Production Growth and Improving Netbacks Q1 2018 Q4 2017 % Chg. PRODUCTION / REVENUE / PRICE Production increased as a result of the reactivation of activities at Total Production (Boe/d)(1) 66,227 64,445 3% Block 192 in Peru, which were partiall
Slide 8: 2018 Brent Oil Price Hedging Summary
2018 Brent Oil Price Hedging Summary Better Oil Price Exposure in the Second Half of 2018 Floor Ceiling FWD May 11th Positions executed as of today $78 $77.14 $76.73 $76.56 $76.26 $75.80 $75.30 $74 $71.74 $70 $69.07 USD/bble $66.68 $65.68 $66 $62 60.05 59.31 61.63 59.22 $58 55.73 55.86 55.91 55.45 5
Slide 9: Financial Highlights
Financial Highlights Improving Balance Sheet and Costs Balance Sheet Metrics (March 31, 2018) Cash Balances(1): Improving $ millions Total Cash(1) $696 million 700 600 132 180 90 99 Cash and Cash Equivalents $516 million 500 400 102 300 512 Working Capital $343 million 200 470 439 501 516 100 - Long
Slide 10: Q&A Session
Q&A Session
Slide 11: Investor Relations Contact
INVESTOR RELATIONS CONTACT: Grayson Andersen Corporate Vice President, Capital Markets +57-314-250-1467 gandersen@fronteraenergy.ca ir@fronteraenergy.ca