Canadian Natural Resources Limited · TSX:CNQ
Canadian Natural Resources — Investor Day (November 2003)
9 slides from Canadian Natural Resources's investor day presentation, November 2003
Slide 1: Corporate Strategy and Introduction
Investor Open House 2003 Corporate Strategy and Introduction November 2003 Corporate Strategy and Introduction Investor Open House The Premium Value, Defined Growth Independent Presenter • John Langille, President CNQ TSX/NYSE 1
Slide 2: Agenda and Who is Canadian Natural?
Investor Open House 2003 Corporate Strategy and Introduction Corporate Strategy and Introduction Agenda • Introduction to Canadian Natural • Corporate Strategy • Day’s Agenda CNQ TSX/NYSE Who is Canadian Natural? • Canadian based E&P company with international exposure • Canada • North Sea • Offshor
Slide 3: Why Own Canadian Natural? Balanced Product Mix
Investor Open House 2003 Corporate Strategy and Introduction Why Own Canadian Natural? • Balanced product mix • Large independent producer • Significant exposure to North American natural gas • Low cost competitive advantage • Track record of value creation • Proven / committed management • Winning
Slide 4: Large Independent Producer; Significant Exposure to Natural Gas
Investor Open House 2003 Corporate Strategy and Introduction Large Independent Producer • Canadian Natural Net Production – Q3/03 ranks as the 7th (mmboe/d) largest independent 800 E&P company based 700 689 621 on total current 600 production 496 500 441 439 425 400 400 324 300 258 188 185 200 100 0
Slide 5: Natural Gas Exposure Defined; Low-cost Competitive Advantage
Investor Open House 2003 Corporate Strategy and Introduction Natural Gas Exposure Defined Q3 2003 Net N.A. Natural Gas Production (cubic feet per day per US $1,000 equity investment) 250 221 200 181 181 166 154 153 148 150 111 100 92 91 (US $1,000 investment divided by 73 November 5, 2003 NYSE close
Slide 6: Track Record of Value Creation; Shareholder Return
Investor Open House 2003 Corporate Strategy and Introduction Track Record of Value Creation • Share price CAGR of 20% Monthly Closing Share Price from 1992 to Oct 2003 (Cdn $) $70 • Market cap. increased from Cdn$1.6 billion in $60 1992 to Cdn$7.5 billion in GR $50 CA 2003 21% $40 • Current annual d
Slide 7: Committed Management; Objectives Defined
Investor Open House 2003 Corporate Strategy and Introduction Committed Management • Substantial Management and Directors Stock Ownership management and (US $ millions) director wealth at 300 stake $249 250 • Strong motivation for management 200 to perform 150 • Delivers alignment with shareholder 10
Slide 8: Our Strategy; Agenda for the Day
Investor Open House 2003 Corporate Strategy and Introduction Our Strategy • Capital allocation to maximize value • Defined growth / value enhancement plans by product / basin • Balance • Products • Project time horizons • Acquisitions / exploration with exploitation focus • Financial • Opportunistic
Slide 9: Forward-Looking Statements
Investor Open House 2003 Corporate Strategy and Introduction Forward-Looking Statements This presentation contains forward-looking statements under applicable securities laws, including, in particular, statements about Canadian Naturals’ plans, strategies and prospects. Although the Company believes
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