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Crescent Point Energy Corp
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April 2024 Corporate Presentation
| Craig Bryksa | Page 6 of 11 |
April 29, 2024
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"April 2024 Corporate Presentation"
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CRESCENT POINT ? CORPORATE PRESENTATION Funds Flow (-) Development Capital Expenditures & Additional Items Excess Cash Flow Current Return of Capital Outlook ~60% (Dividends & Share Repurchases) Return of Capital Framework Increasing Return of Capital to Shareholders 6 Cumulative Return of Capital (Includes Dividends & Share Repurchases) Total return of capital assumes current framework of returning ~60% of excess cash flow to shareholders. Additional items include capitalized administration, reclamation activities, payments on lease liability and other items, excluding net acquisitions and dispositions. Plan to increase percentage allocation of excess cash flow over time as the balance sheet strengthens further • Target base dividend increases as the business continues to grow on a per-share basis • Increase return of capital allocation beyond 60% of excess cash flow as the balance sheet strengthens further • Plan to prioritize share buybacks as the tool of choice for additional return of capital beyond base dividends $0 $2,000 $4,000 $6,000 2024E 2025E 2026E 2027E 2028E US$65 WTI US$70 WTI US$75 WTI $3.4B $2.8B $2.3B Returned >$1.5B to shareholders from 2018 - 2023