Frontera Energy (FEC) Corporate presentation summary

Strategic business overview

• Operates a diversified portfolio of upstream oil and gas assets in Colombia and Ecuador, with significant infrastructure holdings and exploration interests in Guyana.

• Holds a large proved reserve base, with 151.3 Mmboe 2P reserves and 40.5 kboed production as of year-end 2024.

• Infrastructure assets include a majority stake in Puerto Bahía port and a 35% stake in the ODL pipeline, key for Colombian oil transport.

• Guyana exploration includes a 72.52% interest in the Corentyne Block, targeting high-potential offshore discoveries.

Financial and operational performance

• Market capitalization of $361 million and enterprise value of $696 million as of March 31, 2025.

• Consolidated net debt stands at $335 million, with a net debt/EBITDA ratio of 0.8x and interest coverage of 13x.

• Returned over $390 million to shareholders in the past 7 years while maintaining a strong credit profile.

• Recognized for ethical practices and gender equality, included in the Bloomberg Gender-Equality Index and Ethisphere's most ethical companies.

2025 guidance and capital allocation

• 2025 production guidance: 41,000–43,000 boe/d, with production costs (excl. energy) of $8.75–$9.25/boe and energy costs of $5.25–$5.75/boe.

• Operating EBITDA guidance at $75/bbl Brent: $370–$415 million; at $80/bbl: $420–$465 million.

• Upstream capex planned at $200–$245 million, with up to 62 wells to be drilled in Colombia and Ecuador.

• Consolidated free cash flow projected at $122 million at $75/bbl and $167 million at $80/bbl Brent.