Investor Day 2021
freeholdroyalties.com | TSX FRU | Quality Assets • Sustainable Dividends |
Agenda
Time | Presenter | Focus |
1:00pm | David Spyker | Opening Remarks |
1:20pm | Rob King, Tom Plumridge | US Update: Why US? Difference to Canada, Play |
Overview, Land Overview & Play Economics | ||
1:45pm | Susan Nagy | Canada Update: Strategic Update, Historical Drilling, |
Plays of Interest and Royalty Optimization | ||
2:00pm | David Hendry | Financial Overview: Debt Strategy, Tax, Integration |
and Audit/Compliance | ||
2:10pm | David Spyker | Closing Remarks |
Investor Day 2021 | 2
The New Freehold
Energizing the future
Refreshed
and
restructured
leadership
team
Integration of
ESG
framework
into
everything
we do
Repositioned
to capture the future
Strengthened
business to deliver long term value to shareholders
Investor Day 2021 | 3
Leadership Team
New Team Focused on Shareholder Returns
David Spyker | David Hendry | Rob King | Lisa Farstad | Bob Lamond | Ian Hantke | |||||
President & CEO | VP Finance & CFO | VP Business | VP Corporate | VP Asset | VP Diversified | |||||
Development | Services | Development | Royalties | |||||||
Responsible for | Provides strong | Spearheads | Leads human | Provides oversight to | Focuses on | |||||
driving portfolio | financial oversight, | Freehold's acquisition | resource initiatives, | US expansion efforts | evaluating energy | |||||
diversification and | business acumen, | and lease | cultivating a culture | through relevant | transition | |||||
restructuring to | and capital markets | optimization | of collaboration and | expertise and | opportunities to | |||||
ensure Freehold is | experience. Leads | initiatives, supported | success. Key driver | experience in geology | position Freehold to | |||||
positioned to | integration of new | by in house expertise | behind the | and asset | participate in a lower | |||||
compete in an | assets in our portfolio | in engineering, | advancement of | development across | carbon future | |||||
evolving energy | and overall audit and | geology and mineral | Freehold's innovation | core North American | ||||||
market | compliance functions | land functions | & analytics initiatives | basins | ||||||
34 years experience | 33 years experience | 22 years experience | 23 years experience | 22 years experience | 14 years experience | |||||
Investor Day 2021 | 4 |
Ian Hantke appointment subject to board approval, effective date January 1, 2022.
Not The Same Old Freehold
Increasing Production to Record Levels
2018
2022E
14,300 boe/d
▪ | 2022E production forecast to be ~14,300 boe/d, higher than |
any period in Freehold's history | |
▪ | Organic drilling and bespoke royalty optimization efforts are |
directing capital to Freehold lands |
2012
7,600 boe/d
11,400 boe/d
2024E
Q3-2021~14,800 boe/d
11,900 boe/d
Guidance past 2022 is the average of published analyst estimates
Introducing Organic Growth
- Without any further M&A, Freehold's production is forecast to generate modest growth over the next several years
- Freehold can be patient looking for exceptional opportunities to add to our portfolio, or return excess cash flow to shareholders
Reducing Cash Costs to Historic Lows
- Increased production, and exit from working interest business, have significantly reduced cash costs
- Further acquisitions within existing framework, allow us to grow our business with minimal added costs
2012 | 2018 | |
$5.21/boe | ||
$5.12/boe | YTD 2021 | |
~$3.80/boe |
Investor Day 2021 | 5
For illustrative purposes and should not be relied on as indicative of future results, assumes midpoint of FRU 2022E production guidance, US$75/bbl WTI, US$13/bbl heavy oil differentials, US$3/bbl light oil differentials, US$4/mcf NYMEX, $4/mcf AECO. 2021 forecasts assume mid point of FRU 2021 production guidance
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Freehold Royalties Ltd. published this content on 07 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 December 2021 22:21:06 UTC.