Frontera Energy (FEC) Small Cap Growth Virtual Investor Conference 2025 summary

Strategic positioning and market access

• Began trading on the OTCQX Best Market, expanding access to U.S. investors and improving liquidity.

• U.S. OTC market activity accounts for about 30% of total share trading over five years.

Core business operations and financials

• Focuses on Colombian upstream oil and gas and infrastructure, with 39,200 BOE/day production and $239M EBITDA YTD.

• Holds 2P reserves of 147 million BOE as of December 2024, with a diversified mix of oil and gas assets.

• Infrastructure includes a 35% stake in ODL pipeline and 99.97% in Puerto Bahía terminal.

• As of September 2024: 69.8M shares, $321M market cap, $374M net debt, $159M cash.

Capital structure and shareholder returns

• Net debt to EBITDA ratio is 1.1; debt to book capitalization is 30%.

• Returned over $300M to investors since 2020 via dividends and buybacks; reduced shares by 27M.

• Repurchased $80M of senior notes due 2028, reducing senior debt to $340M.