Saturn Oil & Gas (SOIL) 16th Annual East Coast IDEAS Conference summary

Strategic positioning and asset base

• Operates across Saskatchewan and Alberta with 1.5 million net acres, focusing on high-value oil and liquids weighted assets (over 80%).

• Assets are midlife cycle with existing infrastructure, enabling capital to be directed toward drilling and production optimization.

• Maintains a diversified portfolio, targeting lower cost, lower risk conventional wells and minimizing concentration risk.

• Holds a market cap of CAD 1.3 billion and enterprise value of CAD 2 billion, with institutional ownership dominating equity.

Growth, acquisitions, and operational execution

• Achieved a 193% compound annual growth rate in production since 2021, now producing over 43,000 BOE per day.

• Completed four major acquisitions totaling CAD 1.4 billion since 2021, each nearly doubling company size.

• Acquisitions have expanded the Saskatchewan portfolio and provided entry into Alberta, with recent deals lowering borrowing costs.

• Employs a repeatable blueprint: acquire, optimize, develop, and reduce net debt, aiming for a net debt to adjusted EBITDA multiple of 1x or less within 12-18 months post-acquisition.

Operational efficiency and technology

• Reduced OpEx by 27% and royalties by 28% since 2021, maintaining flat netbacks despite a 15% drop in WTI prices.

• Leverages infrastructure for cost savings and production optimization, including strategic procurement and incremental improvements.

• Drilling program outperformed budgeted production by 23% in 2025, with conventional wells exceeding expectations by 50%.

• Leading developer of open-hole multilateral technology in Saskatchewan, increasing open-hole count by 60% and allocating a third of development budget to this method.

• Achieved a 30% increase in drill rate and 20% reduction in cost per meter for these wells.