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Evolution Petroleum Corp
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November 2022 Investor Presentation
| Jason Brown | Page 3 of 11 |
June 07, 2025
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"November 2022 Investor Presentation"
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3 N Y S E A m e r i c a n : E P M Company Overview NYSE American EPM Shares Outstanding (11/4/2022) 33.716 MM Share Price (11/7/2022) $8.33 52 Week Range (11/7/2022) $4.41 - $8.55 Market Cap (11/7/2022) $280.9 MM Common Dividend (2Q 2023) $0.48 per share (annualized) Dividend Yield (11/7/2022) 5.8% (annualized) Cash Returned to Shareholders (1) $2.80/share ($90.3MM dividends, $4MM buybacks) Avg. Net Production (1Q 2023) 7,598 BOEPD (60% Gas, 24% Oil, 16% NGL) Proved Reserves (2) (FYE 2022) 36.2 MMBOE (90% PDP) Net Debt (1Q 2023) (*) $1.5 MM Net Income (1Q 2023) $10.7 MM Adjusted EBITDA (3) (1Q 2023) $17.0 MM Asset Locations (4) Evolution Petroleum Corporation is an independent energy company focused on maximizing total returns to its shareholders through the ownership of and investment in onshore oil and natural gas properties in the United States. Our long-term goal is to maximize total shareholder return from a diversified portfolio of long-life oil and natural gas properties built through acquisitions and through selective development, production enhancements, and other exploitation efforts on our oil and natural gas properties. Notes: *Net debt as of 9/30/2022 represents total debt of $12.3 million less $10.7 million cash on hand. As of 11/7/2022 total debt was $4.8 million. See Slide 19 in Appendix for additional footnotes. LA TX WY ND Williston Basin Jonah Field Barnett Shale Delhi Hamilton Dome 2.4 MMBOE Proved Reserves 413 BOEPD 7.1 MMBOE Proved Reserves 1,967 BOEPD 6.1 MMBOE Proved Reserves 489 BOEPD 6.0 MMBOE Proved Reserves 1,153 BOEPD 14.7 MMBOE Proved Reserves 3,576 BOEPD EPM Headquarters Houston, TX