Cavvy Energy (CVVY) Corporate presentation summary

Corporate overview and strategy

• Operates upstream and midstream assets in the Canadian foothills, focusing on natural gas and sulphur production.

• Strategic pivot completed, shifting from LNG ambitions to core western Canadian operations and rebranding in 2025.

• Simplified business model with focus on asset optimization, cost savings, and deleveraging.

• Institutional and insider ownership is high, with AIMCO holding 44% of shares.

Financial performance and guidance

• Q2 2026 production averaged 21,497 boe/d (80% gas), with 984 mt/d sulphur output.

• Q2 2026 net operating income was $49.6MM, with $42.8MM from sulphur revenues.

• Revised 2026 guidance: production 22,000–23,500 boe/d, NOI $170–$180MM, total debt $75–$85MM.

• Over $150MM debt reduction since 2021, improving leverage and liquidity.

• Strong cash flow supports further debt repayment and capital investment.

Asset base and operations

• Operates three deep-cut sour gas plants with over 400 MMcf/d capacity and 4,600 mt/d sulphur recovery.

• Holds 396,000 net undeveloped acres and 196 MMboe proved reserves.

• Low base decline rate of 5.9% and reserve life index of 25.8 years.

• Over 300 high-impact drilling locations identified, supporting long-term growth.

• Key core areas: Waterton, Caroline, Jumping Pound, and Northern Alberta.