Birchcliff Energy (BIR) Corporate presentation summary

Strategic focus and asset base

• Focused on long-term value creation through profitable production growth in the Alberta Montney, with a world-class asset base and infrastructure in Pouce Coupe, Gordondale, and Elmworth.

• Operates essentially all infrastructure in core areas, delivering top-decile operating costs and multi-decade drilling inventory.

• Elmworth asset provides significant future value and optionality, especially with LNG market exposure.

Financial performance and guidance

• 2026 guidance targets average production of 81,000–84,000 boe/d, adjusted funds flow of $455 million, and free funds flow of $80–$130 million.

• Market capitalization as of May 2026 is $1.8 billion, with a base dividend yield of 1.9% and annual base dividend of $0.12 per share.

• Q1 2026 results: average production of 81,675 boe/d, adjusted funds flow of $152.7 million, and total debt of $423.5 million.

Capital program and operational plans

• 2026 capital program allocates $325–$375 million, with 29–37 wells to be brought onstream in Greater Pouce and 1 well in Elmworth.

• Flexible capital allocation allows adjustment to commodity price volatility, with a balanced liquids-rich and gas-weighted portfolio.

• Elmworth development includes advancing the Goodfare Gas Plant and targeting a final investment decision by late 2026 or early 2027.