Cavvy Energy Ltd · TSX:CVVY
Cavvy Energy — Schachter Catch The Energy Conference 2026
16 slides from Cavvy Energy's conference presentation, Oct 17, 2026
Slide 1: Schachter Catch The Energy Conference
Schachter Catch The Energy Conference October 17, 2026
Slide 2: Cautionary Statements
Cautionary Statements This presentation is for informational purposes only and qualified staff, equipment and services in a timely and cost produced in the future. There are numerous uncertainties does not constitutes an offer or recommendation to efficient manner; the ability of Cavvy to operate th
Slide 3: Presenting Team
Presenting Team Leading Cavvy Through the Transition Darcy Reding, P. Eng | President & Chief Executive Officer | Joined Cavvy in 2021 Mr. Reding previously served as the Vice President of Operations & Geoscience at NAL Resources Management until the acquisition by Whitecap Resources in Q1 2021. Mr.
Slide 4: Cavvy Energy Ltd. – At a Glance
Cavvy Energy Ltd. – At a Glance 2026 Guidance Corporate Overview Production 22-23.5 kboe/d Sulphur Production 1.0-1.1 kmt/d Capital Expenditures $52-$57 MM Net Operating Income1 $170-$180 MM Cavvy is a TSX listed energy company with upstream and midstream assets NE BC concentrated in the Canadian fo
Slide 5: Why Invest in Cavvy Energy?
Why Invest in Cavvy Energy? A unique and diversified value proposition Robust Upstream Assets Gas Gathering & Processing Important Sulphur Producer • 33,000 boe/d production capability(1) • Own & operate three deep-cut gas • ~10%(1) of Canada’s sulphur production – • Among the lowest annual base dec
Slide 6: Share Price Support
Share Price Support Supportive shareholder base with meaningful catalysts 2026 Share Price Support Institutional Ownership • Substantial increase in revenue from strong sulphur • ~57% of common shares pricing (currently > US$800/mt) owned by institutions and • Growing fee-based revenue from midstrea
Slide 7: Strategically Located & Available Midstream Capacity
Strategically Located & Available Midstream Capacity Over 80 MMcf/d of excess deep cut gas processing capacity in southern Alberta Total Raw Gas Plant Throughput (MMcf/d) (1) ~80 MMcf/d of excess raw gas processing capacity and a total of ~4,600 (3) mt/d of sulphur processing capacity 500 Third Part
Slide 8: Diversified Revenue Streams
Diversified Revenue Streams Cash flow supported by multiple revenue streams creates resiliency and differentiation Total Revenue ($MM) (1) 160 140 120 100 12 80 43 60 40 24 20 26 - Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2022 2023 2024 2025 2026 Gas Liquids Sulphur 3rd Party Midstream
Slide 9: Understanding the Sulphur Market
Understanding the Sulphur Market Sulphur is a vital non-metallic element and plays an integral role in global industries Sulphur 101 Sulphur Uses • Naturally occurring and 16th most abundant element on earth • Agriculture (1,2): Sulphur is an essential plant nutrient and used • Largely produced as a
Slide 10: Global Sulphur Trade Flows
Global Sulphur Trade Flows Middle Eastern Instability Puts Significant Source of Sulphur Supply at Risk Top trade routes Russia Canada’s other Canada export routes Kazakhstan Banned export of Europe (other) 5 elemental sulphur or 1 South Korea sulphuric acid Japan Morocco C. Asia (other) 3 Exports U
Slide 11: Sulphur Market Upside Exposure
Sulphur Market Upside Exposure Unprecedented sulphur opportunity reshapes Cavvy’s future; 200,000 mt fixed at US$525/mt for 2027 2026/2027 Sulphur Price Agreement and Historical Sulphur Pricing (US$/mt) 2027 sulphur pricing agreement (Jan 1 – Dec 31): • 200,000 mt total (548 mt/d) volume commitment
Slide 12: 2025 Year-End Net Asset Value & Reserves
2025 Year-End Net Asset Value & Reserves Long reserve life with industry low base decline of 5.9% Net Asset Value • PDP base decline of ~5.9% in 2026 • TPP Reserve Life Index of 25.8 yrs (1) Current Share Price $/sh. 2.23 Common Shares O/S MM 310.0 (3) FD Shares O/S MM 315.1 Ample High Impact Invent
Slide 13: Strong Share Price Performance Throughout 2026
Strong Share Price Performance Throughout 2026 Potential For Further Re-Rate From Higher Long-Term Sulphur Price Expectations YTD CVVY Share Price & Trade Volume Sulphur Price Material $3.00 5,000 Impact on NAV Volume (000s) $2.50 Share Price ($/sh.) PDP (1) NAVPS (2) Sensitivity ($/sh.) 4,000 $10.0
Slide 14: Focus on Debt Reduction
Focus on Debt Reduction Improving financial leverage - reduced debt by $150 MM since end of 2021 Significant Debt Reduction (2) $300 $232 $238 $250 $220 $208 $203 $200 $180 $175 $184 $172 $173 $181 $164 $168 $155 $147 $153 $151 $MM $150 $117 $100 $81 $50 $0 Q4/21 Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 Q2/23
Slide 15: Path to Shareholder Value
Path to Shareholder Value Establishing and growing a premier energy company focused in Western Canada Simplify the business by focusing on western Canadian upstream and ✓ midstream assets ✓ Completed strategic pivot culminating in sale of legacy Goldboro LNG assets, new corporate brand FOCUS ✓ Lower
Slide 16: Thank You
Head Office 1100, 411 – 1st Street SE Calgary, Alberta, T2G 4Y5 Canada Enquiries: [email protected] Independent Reserve Evaluator Deloitte LLP Auditors Ernst & Young LLP Transfer Agent Odyssey Trust Thank You For further information or questions: [email protected] Cavvy Energy (TSX:C
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