Birchcliff Energy (BIR) Corporate presentation summary

Strategic focus and asset overview

• Focused on long-term value creation as a pure Alberta Montney producer with world-class assets and infrastructure, including 100% ownership of the Pouce Coupe Gas Plant and significant positions in Gordondale and Elmworth.

• Maintains operational excellence, financial strength, and exposure to commodity prices, supporting sustainable shareholder returns.

• Greater Pouce and Elmworth assets provide multi-decade drilling inventory and future growth potential aligned with natural gas demand.

Financial and operational performance

• Q2 2026 average production reached 77,562 boe/d, with adjusted funds flow of $93.7 million and $15.1 million returned to shareholders.

• 2026 guidance targets annual average production of 83,000–84,000 boe/d, Q4 average of 88,500 boe/d, adjusted funds flow of $455 million, and F&D capital expenditures of $350–$375 million.

• Total debt at year-end 2026 is projected at $410–$435 million, with a base dividend yield of 1.9%.

Capital program and development plans

• 2026 capital program includes bringing 36 wells on production (26 in Pouce Coupe, 9 in Gordondale, 1 in Elmworth), with $350–$375 million in F&D capital expenditures.

• Focus on fully utilizing infrastructure to improve margins and generate robust free funds flow, with Greater Pouce sustaining production at ~87,500 boe/d.

• Elmworth development advances with land retention wells and planning for the Goodfare Gas Plant, targeting FID in late 2026 or early 2027.