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OFFON

CENTENNIAL RESOURCE DEVELOPMENT, INC.

(CDEV)
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DUG Conference: Utilizing Data to Drive Capital Efficiency

07/13/2021 | 07:03am EDT

Core Oil

Delaware Basin Pure-Play

DUG Permian Conference

Utilizing Data to Drive

Capital Efficiency

July 13, 2021

Important Information

Forward-Looking Statements

The information in this presentation includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact included in this presentation, regarding our strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management are forward-looking statements. When used in this presentation, the words "could," "believe," "anticipate," "intend," "estimate," "expect," "project," "goal," "plan," "target" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management's current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. We caution you that these forward-looking statements are subject to all of the risks and uncertainties, most of which are difficult to predict and many of which are beyond our control, incident to the development, production, gathering and sale of oil and natural gas. These risks include, but are not limited to, commodity price volatility, the COVID-19 pandemic and governmental responses thereto, inflation, lack of availability of drilling and production equipment and services, environmental and weather risks, drilling and other operating risks, regulatory changes, the uncertainty inherent in estimating oil and gas reserves and in projecting future rates of production, cash flow and access to capital, the timing of development expenditures and the other risks described in our filings with the Securities and Exchange Commission. Except as otherwise required by applicable law, we disclaim any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this presentation.

2

Overview

Objective:

  • Demonstrate how Centennial is utilizing data science in a cost-effective manner to increase capital efficiency

Disclaimers:

  • I am not a data scientist
  • Our team appreciates and respects the use of data science to influence technical decisions within the Company
    • We do not remove the human element and let machines tell us what to do
  • Our goal is to eliminate the "gut feel" approach to decision making that can cost time and money, as well as impact morale across the organization
  • What we do not have:
    • Hundreds of internal applications
    • A multi-million-dollar IT budget
    • Hundreds of IT personnel

3

Centennial Resource Development Overview

Core Acreage and Strong Execution Track Record

Asset Map

High quality acreage in Northern & Southern Delaware

Large, contiguous

~81,700 net acres

acreage position in the

 Minimal Federal exposure (~4%)

Delaware Basin

NM

~97% operated and ~88% held by production

TX

Proven operational

 Realized significant improvements to cost structure

2021 drilling program set to increase capital efficiency and

Lea

execution

carry operational improvements forward

High-quality asset with

Proven development from 10 distinct zones across the

Acreage

NM:

NM

~23,900

significant inventory

Northern and Southern Delaware

net acres

depth

15+ years of economic inventory1

 Generated FCF for three consecutive quarters

FCF profile to support

~$415mm of pro forma liquidity as of 3/31/212

organic deleveraging and

 Expect significant reduction in leverage during 2021

strong liquidity profile

 No senior note maturities until early 2026

Reeves

 Recently published inaugural Corporate Sustainability Report

Acreage

Continued focus on

Minimizing emissions through increased gas capture

ESG initiatives

Improvements in sustainability through water recycling

TX:

program, minimizing water trucking and utilization of dual-fuel

TX

~57,800

operations

net acres

(1) Assuming a two-rig flat program and $45/Bbl oil pricing

(2) Pro forma for Senior Secured Second Lien note redemption that occurred on 4/14/21

4

2020 Lookback

  • The impact by COVID-19 and ensuing decline in oil prices was a generational event that shook the industry
  • Centennial responded quickly by reducing its rig count from five to zero in April 2020 and suspending near term D&C activity
  • During this period, Centennial focused on the following items:

Protect the balance sheet and preserve liquidity

Cost control and margin improvements

Initiatives designed to enhance capital efficiency

5

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Centennial Resource Development Inc. published this content on 13 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 July 2021 11:02:03 UTC.


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Sales 2021 884 M - -
Net income 2021 42,4 M - -
Net Debt 2021 940 M - -
P/E ratio 2021 31,3x
Yield 2021 -
Capitalization 1 626 M 1 626 M -
EV / Sales 2021 2,90x
EV / Sales 2022 2,45x
Nbr of Employees -
Free-Float 62,6%
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Centennial Resource Development, Inc. Technical Analysis Chart | CDEV | US15136A1025 | MarketScreener
Technical analysis trends CENTENNIAL RESOURCE DEVELOPMENT, INC.
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Mean consensus HOLD
Number of Analysts 15
Last Close Price 5,82 $
Average target price 6,74 $
Spread / Average Target 15,8%
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Managers and Directors
Sean R. Smith Chief Executive Officer & Director
George S. Glyphis Chief Financial Officer & Vice President
Steven J. Shapiro Non-Executive Chairman
Colleen C. Proctor Vice President-Information Technology
Matthew R. Garrison Chief Operating Officer & Vice President
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