Atlas Energy Corp. · TSXV:ATLE
Atlas Energy — Investor Presentation (August 2025)
18 slides from Atlas Energy's investor presentation, August 2025
Slide 1: Introduction to Atlas Energy
INTRODUCTION TO ATLAS ENERGY An International Upstream Royalty and Streaming Company August 2025 *Information presented in this presentation is presented pro forma the recapitalization transaction (the “Recapitalization Transaction”) announced by Willow Biosciences Inc. via press release on May 7, 2
Slide 2: Atlas Strategy Fills a Financing Void in the Marketplace
ATLAS STRATEGY FILLS A FINANCING VOID IN THE MARKETPLACE ESG Factors and the Dominance of US Shale Have Eroded Availability of Capital for International E&P INTL E&P FUNDING SOURCES 10 YRS AGO: ATLAS SEES AN ABUNDANCE OF OPPORTUNITIES YIELDING IMMEDIATE Equity Debt CASH FLOW WITH ASSET UPSIDE: ➢ 40+
Slide 3: Overview of Atlas Energy
OVERVIEW OF ATLAS ENERGY A New Royalty and Streaming Company Targeting International Oil & Gas Funding the Growth Segment of a High Margin Industry ▪ Focused on high IRR/ROIC/ROCE opportunities ▪ Enabling high free cash flow yields and return of capital for investors Lower Risk Approach to Capitalis
Slide 4: Global Resource Streaming and Royalty Landscape
GLOBAL RESOURCE STREAMING AND ROYALTY LANDSCAPE Atlas Serves a Currently Unoccupied Space in the Market International Focus Timing has never been better with limited liquidity and depressed multiples for international producers Atlas looks for projects that have potential to double production in ~5
Slide 5: Opportunity Set
OPPORTUNITY SET Atlas is Currently Evaluating a Robust Pipeline of Potential Transactions Across the International Landscape Small Cap International Producers ▪ Companies producing less than c. 30,000 boepd with scope to grow production 2-3x organically ▪ Atlas funding will be utilized to accelerate
Slide 6: Streaming Royalty vs Traditional Royalty
STREAMING ROYALTY VS TRADITIONAL ROYALTY Structuring Considerations STREAMING ROYALTY HIGHLIGHTS 1 Streaming company provides upfront payment and delivery payment for a specified quantity of product ▪ Under a streaming agreement, the streaming company receives a percentage of the producer’s physical
Slide 7: The Advantage of the Royalty/Streaming Model
THE ADVANTAGE OF THE ROYALTY/STREAMING MODEL Lower Risk Exposure to a High Growth Segment of the Market KEY ROYALTY/STREAMING MODEL CHARACTERISTICS Risk Management: Single Capital Outlay: ✓ Reduces exposure to cost creep and ✓ No risk of dilution to returns through inflation incremental investment r
Slide 8: Management Team
MANAGEMENT TEAM Decades of Experience Building and Funding Upstream Companies Across the Globe MANAGEMENT TEAM ➢ 20+ years of experience – Former VP and co-founder of Spartan Delta Corp.; VP Operations Mark Hodgson Obsidian Energy; VP BD and Country Manager Bankers Petroleum Albania, Croatia, Hungar
Slide 9: Independent Board of Directors
INDEPENDENT BOARD OF DIRECTORS High Pedigree Board with Decades of Applicable Experience INDEPENDENT BOARD OF DIRECTORS ➢ 30+ years of experience – Co-founder, CEO and Director of Logan Energy; Co-founder and Richard “Rick” McHardy Chairman (formerly Executive Chairman) of Spartan Delta Corp.; Co-fo
Slide 10: Leadership Track Record: Spartan Delta Corp.
LEADERSHIP TRACK RECORD: SPARTAN DELTA CORP. Every Spartan Delta Equity Financing Significantly Outperformed the Index DECEMBER 2019 MAY 2020 Founding Financing: $25 million at $1.00 per Share Bellatrix Asset Acquisition: $64 million at $2.00 per Share 150% 150% Compound Annual Return (%) Compound A
Slide 11: Global Experience of the Atlas Team
GLOBAL EXPERIENCE OF THE ATLAS TEAM Collective experience covering more than 70 countries Operated/non-operated and other in-depth experience Assets evaluated 11 August 2025
Slide 12: Current Focus of Activity
CURRENT FOCUS OF ACTIVITY Growing Pipeline of Active Evaluations Totaling >US$500MM Geography ▪ Regions that are likely to generate the greatest number of opportunities in the near-term: Latin America and West/Central Africa/SE Asia ▪ Areas/assets where the Atlas team have historical experience ▪ St
Slide 13: Portfolio Composition
PORTFOLIO COMPOSITION Systematic Approach to Portfolio Construction to Balance Low Risk with High Impact Growth Targeted Portfolio Allocation Initial Deal Focus for Atlas High Growth (60%) Low Risk (20%) ➢ Large inventory sets that support ➢ Assets with low decline and stable High Impact Exploration
Slide 14: Diversification and Risk Mitigation Strategy
DIVERSIFICATION AND RISK MITIGATION STRATEGY Success Hinges on Well-Executed Due Diligence, Operational Oversight, and Strategic Diversification Due Diligence and Operational Oversight Success Largely Dictated by Team Experience Technical Evaluation Operational Evaluation Commercial & Country Evalua
Slide 15: Value Proposition
VALUE PROPOSITION Atlas is a Unique Offering to the Public Markets with a Vision of Creating a Multi Billion Dollar Portfolio LEADERSHIP OPPORTUNITY • High pedigree Management Team with • Establish a publicly listed, multi-billion dollar decades of international upstream experience royalty/streaming
Slide 16: Disclaimers
DISCLAIMERS Forward-Looking Information This presentation contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") that relate to the Company's current expectations and views of future events. These forward-looking statements relate to future e
Slide 17: Disclaimers (Continued)
DISCLAIMERS (CONTINUED) Rights of Action In certain circumstances, purchasers resident in certain provinces of Canada, are provided with a remedy for rescission or damages, or both, in addition to any other right they may have at law, where an offering memorandum (such as this presentation) and any
Slide 18: www.atlas-corp.ca
AILAS ENERGY www.atlas-corp.ca