Gran Tierra Energy (GTE) Corporate presentation summary

Strategic focus and portfolio overview

• Pursues long-term value creation as a diversified oil and gas producer with operations in Canada, Colombia, and Ecuador, emphasizing reinvestment, reserve growth, and free cash flow generation.

• Achieved seven consecutive years of reserve growth and maintains a balanced asset mix across mature and growth assets.

• Portfolio includes ~48 MBOEPD production (Dec 2025), 1P reserves of 142 MMBOE, and 2P reserves of 258 MMBOE, with significant upside in Canadian gas resources.

• Major capital spending is complete for key assets, positioning for high free cash flow and scalable growth.

• Maintains a strong ESG focus, with top quartile safety performance and significant emissions reductions.

Financial performance and 2026 outlook

• 2026 capital program is fully funded, targeting 42,000–47,000 BOEPD and free cash flow of $60–80 million in the base case.

• Operating netback, EBITDA, and cash flow are projected to increase with stable production and cost discipline.

• Debt maturity profile is aligned with future cash flows, with $741 million gross debt and a robust risk management and hedging strategy.

• Actively repurchased shares and reduced debt, with $21 million of 2029 Notes repurchased since 2022.

• Maintains access to undrawn credit facilities and strong liquidity.

Asset and operational highlights

• Key assets include Acordionero (Colombia), Central Alberta, Suroriente, and Costayaco, all generating significant free cash flow.

• Canadian assets offer substantial contingent gas resources and unbooked inventory, supporting long-term growth.

• Waterflooding and EOR techniques drive increased recovery factors and reserves, especially in South America.

• Recent exploration success in Ecuador and Colombia, with 13 oil discoveries and material production growth options.

• Access to extensive infrastructure in all regions ensures efficient transportation and marketing.