Presidio (FTW) investor relations material

Executive summary

• Completed business combination and began trading on NYSE under ticker FTW on March 4, 2026.

• Launched AI-focused Asset Intelligence Group to drive operational efficiency and production uplift.

• Declared first dividend as a public company at $1.35/share per year, with plans to increase to $1.50/share after Canyon Creek acquisition closes.

• Signed definitive agreements to acquire Canyon Creek assets for $83 million, expanding into the Arkoma Basin.

Financial highlights

• First quarter 2026 results split into predecessor and successor periods due to new accounting basis post-business combination.

• Net production averaged 22 MBoe/d in Q1 2026, with a mix of 16% oil, 57% natural gas, and 27% NGLs.

• Total revenue for Q1 2026 was $51.9 million; net loss attributable to the company was $96.8 million (combined predecessor and successor periods).

• Adjusted EBITDA for Q1 2026 was $11.2 million (combined periods); management expects ~$30 million Adjusted EBITDA for Q2 2026.

• Transaction-related and one-time charges, including $2.2 million realized derivative costs, significantly impacted net income.

Outlook and guidance

• Targeting 3–5% production growth in 2026 across existing assets, with 1% uplift achieved through April.

• Anticipates closing Canyon Creek acquisition in Q3 2026, supporting a dividend increase to $1.50/share.

• Expects strong acquisition pipeline with $1.4 billion of bids in process.