Riley Exploration Permian, Inc. · AMEX:REPX
Riley Exploration Permian — Q4 2022 Earnings Presentation
12 slides from Riley Exploration Permian's earnings presentation, Mar 8, 2023
Slide 1: 4Q22 Results Update March 2023
4Q22 Results Update 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: Highlights of 4Q22 Results
Highlights of 4Q22 Results 3 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
Slide 4: Drivers of Growth in Cash Flow from Operations
Drivers of Growth in Cash Flow from Operations(1) 4 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 t
Slide 5: 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) 5 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 6: Acquisitions and New Ventures
Acquisitions and New Ventures 6 EOR Pilot • Injecting water and CO2 but still early in the process of repressurizing the reservoir CCUS • Advancing with partners on the potential development of a large-scale CO2 storage hub in our immediate region of the Permian Basin Onsite Power JV • Formed JV for
Slide 7: 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 8: Forward Guidance
8 Forward Guidance (1) Full year 2023 guidance information here reflects Riley Permian for the first quarter of 2023 and Riley Permian with the New Mexico Acquisition for the second, third and fourth quarters of 2023 based on assumption that the New Mexico Acquisition closes early in the second quar
Slide 9: Appendix
Appendix 9[ insert footnotes here ]
Slide 10: Capitalization Summary
Capitalization Summary 10 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 11: Hedging Positions as of 3/3/23
11 Hedging Positions as of 3/3/23 Note: Q1 2023 derivative positions shown include 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 Avera
Slide 12: Additional Information
Additional Information 12 Company www.rileypermian.com 29 E. Reno Ave., Ste 500 Oklahoma City, OK 73104 Investor Relations Direct: 405-415-8699 ir@rileypermian.com
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