Cnx Resources Corporation · NYSE:CNX
Cnx Resources — Investor Presentation (October 2020)
10 slides from Cnx Resources's investor presentation, Oct 5, 2020
Slide 1: The Opportunity Is Now
The Opportunity Is Now October 5, 2020
Slide 2: Cautionary Language
CAUTIONARY LANGUAGE For purposes of this presentation: (i) “CNX”, “CNX Resources”, “Company”, “we” and “our” refer to CNX Resources Corporation; and (ii) “CNXM” refers to CNX Midstream Partners LP. Risk Factors. This presentation. Including the oral statements made in connection herewith, contains f
Slide 3: Who We Are
WHO WE ARE COMPANY SNAPSHOT (NYSE: CNX) Lowest cost Consistently generate Core values of $2.1 billion $9.32 manufacturer of substantial FCF/share; Responsibility, Market Capitalization per share natural gas, crucial rational capital Ownership, and for today’s and allocators focused on Excellence dri
Slide 4: Meeting the World's Growing Natural Gas Demand
MEETING THE WORLD'S GROWING NATURAL GAS TOUCHES ALL PARTS OF OUR NATURAL GAS DEMAND LIVES Lower Electricity Prices = ECONOMY Higher Electricity Res/Comm Standard of SOCIETY Generation Heating Living Creates Building Block Thousands of of Essential High Paying Consumer U.S Jobs Goods Natural Gas: Ess
Slide 5: Key Financial Metrics Lead Across Major Indices
KEY FINANCIAL METRICS LEAD ACROSS MAJOR INDICES 20% 27 % 2.1x FCF Yield Operating Margin Leverage Ratio percentile S&P 1500 Index 90th 85th 42nd percentile S&P 1500 Industrials 93nd 96th 28th percentile S&P 400 Mid Cap 93rd 86th 45th percentile S&P 600 Small Cap 81st 93rd 43rd Note: Financial metric
Slide 6: Competitive Advantages Create a Moat and Deliver Predictable Low Costs and High Margins
COMPETITIVE ADVANTAGES CREATE A MOAT AND DELIVER PREDICTABLE LOW COSTS AND HIGH MARGINS Technology & Vertical Integration Innovation to Drive Reduces Distribution Margin Expansion Costs Programmatic Hedging Secures Quality Inventory Near-Term Revenue Yields Low Cost, Long-Term Production Predominant
Slide 7: Predictable Free Cash Flow Per Share Generating Machine
PREDICTABLE FREE CASH FLOW PER SHARE GENERATING MACHINE $5.00 21% CAGR Estimated FCF Per Share(1) $4.50 Two-thirds of estimated revenue hedged '21 - '23 $4.00 $3.50 $3.00 Competitive moat supports sustainable $2.50 free cash flow generation $2.00 $3.4 billion of 2020E-2026E free cash $1.50 flow allo
Slide 8: Substantial Debt and Equity Appreciation Potential
SUBSTANTIAL DEBT AND EQUITY APPRECIATION POTENTIAL $2,500 Example Scenario: $2,000 ~$1 billion of debt repayment in 2020-2023 ($ in millions) $1,500 and repurchasing shares through 2026 while holding $1,000 enterprise value flat results $500 in reducing shares outstanding by ~50% $0 2020E 2021E 2022
Slide 9: CNX Is an Outstanding Investment Opportunity
CNX IS AN OUTSTANDING INVESTMENT OPPORTUNITY Lowest cost Consistently generate Our Corporate Culture manufacturer of natural substantial FCF/share; and focus on capital gas, crucial for today’s rational capital allocation creates and tomorrow’s economy allocators focused on substantial equity and gr
Slide 10: For Additional Information
FOR ADDITIONAL INFORMATION Click here for management presentation Investor Relations: Tyler Lewis, Vice President Phone: 724-485-3157 Email: [email protected] 10