Presidio (FTW) investor relations material

Executive summary

• Completed business combination and public listing, acquiring EQV Resources LLC and establishing a disciplined, cash flow-focused model centered on acquiring and optimizing producing oil and gas assets in the Western Anadarko Basin.

• Launched AI-driven Asset Intelligence Group and FTW Technologies subsidiary to enhance operational efficiency and target 3–5% production growth in 2026 without additional capex.

• Declared first annualized dividend of $1.35 per share, with plans to increase to $1.50 after closing the Arkoma/Canyon Creek acquisition.

• Signed $83 million Arkoma/Canyon Creek asset acquisition, marking entry into a new basin and demonstrating model scalability.

• Revenues are primarily from oil, natural gas, and NGL sales, with additional field services revenue.

Financial highlights

• First quarter results split into predecessor and successor periods due to business combination; total Q1 2026 revenue was $51.9 million.

• Net loss attributable to the company was $96.8 million for Q1 2026 (combined periods), impacted by non-recurring transaction costs, hedge restructuring, and significant derivative losses.

• Adjusted EBITDA for Q1 2026 was $11.2 million (combined); Q2 2026 guidance is ~$30 million, expected to be a reasonable run rate for the remainder of 2026.

• Lease operating expense was $9.47/BOE; capex under $1 million.

• Cash and cash equivalents at March 31, 2026, were $20.7 million, with $48.7 million total liquidity including undrawn RBL.

Outlook and guidance

• Management expects approximately $30 million of Adjusted EBITDA for Q2 2026 and similar levels for subsequent quarters.

• Dividend expected to increase to $1.50 per share annually after Arkoma/Canyon Creek acquisition closes.

• Asset Intelligence Group targeting 3–5% production growth in 2026 without additional capex.

• Over $1 billion in bids in process for additional PDP acquisitions.

• Sufficient liquidity expected to meet operating and financing needs for at least the next twelve months.