{ "docId": "019de516-5ea7-72f9-b1d4-35ae8b15c4ce", "docSlug": "01b87647c109f0038c3a7291dd341d94", "documentTitle": "Earthstone Energy | Results Presentation Deck | 25 slides", "authorId": "earthstone-energy", "authorName": "Earthstone Energy", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "investor_relations", "sourceTypeLabel": "Investor relations", "presentationDate": "2023-08-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 12, "pageCount": 25, "prevPage": 11, "nextPage": 13, "slideType": "competitive_analysis", "function": "compare_peers", "density": "overcrowded", "nDataPoints": 30, "notes": null, "elementsJson": null, "metadataConfidence": 0.9, "imagePath": null, "slideHref": "/slides/019de516-5ea7-72f9-b1d4-35ae8b15c4ce/12", "deckHref": "/decks/019de516-5ea7-72f9-b1d4-35ae8b15c4ce", "deckJsonHref": "/decks/019de516-5ea7-72f9-b1d4-35ae8b15c4ce.json", "deckAnchorHref": "/decks/019de516-5ea7-72f9-b1d4-35ae8b15c4ce#slide-12", "components": [ { "bbox": { "h": 0.304, "w": 0.886, "x": 0.048, "y": 0.209 }, "kind": "chart", "text": "Enterprise Value to 2024E EBITDAX: ESTE 3.0x, Peer 1 5.8x, Peer 2 5.3x, Peer 3 4.4x, Peer 4 3.6x, Peer 5 3.3x, Peer 6 3.1x, Peer 7 2.3x, Peer 8 5.0x, Peer 9 4.7x, Peer 11 3.2x, Peer 10 3.1x, Peer 12 1.8x", "attrs": null, "subkind": "bar-vertical", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "72d80135-e465-4a68-8aea-d8819e3e3b7b", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.304, "w": 0.886, "x": 0.048, "y": 0.603 }, "kind": "chart", "text": "2024E Free Cash Flow Yield: ESTE 20%, Peer 1 7%, Peer 2 10%, Peer 7 4%, Peer 3 9%, Peer 5 11%, Peer 6 12%, Peer 4 13%, Peer 9 8%, Peer 10 16%, Peer 11 17%, Peer 12 20%, Peer 8 21%", "attrs": null, "subkind": "bar-vertical", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "9110968f-4452-408c-a074-b4a437954739", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.02, "w": 0.769, "x": 0.048, "y": 0.12 }, "kind": "paragraph", "text": "ESTE has one of the lowest EV / EBITDAX multiples and one of the highest Free Cash Flow yields", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "5b225294-0662-49e6-b3ba-792233222365", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.919, "x": 0.038, "y": 0.924 }, "kind": "source-note", "text": "Source: Company filings, press releases, Wall Street research, analyst expectations sourced from FactSet and share prices as of 7/28/23. Note: Free Cash Flow Yield is calculated by dividing Free Cash Flow by Market Capitalization. Future Adjusted EBITDAX and Free Cash Flow for Earthstone are forward-looking information that is subject to considerable change and numerous risks and uncertainties, many of which are beyond Earthstone's control. See \"Forward-Looking Statements\". Permian Large-Cap includes FANG and PXD. Permian SMid-Cap includes CPE, MTDR, PR, SM and VTLE. Non-Permian SMid Cap includes CHRD, CIVI, CRGY, MGY and NOG.", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "3b01a9e5-b0ac-4dea-a52a-c9e51f7c44e2", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.016, "w": 0.22, "x": 0.048, "y": 0.566 }, "kind": "title", "text": "2024E Free Cash Flow Yield", "attrs": null, "subkind": "subtitle", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "5be0b31c-5da4-4883-b0cf-d47fce5b9f97", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.016, "w": 0.34, "x": 0.048, "y": 0.172 }, "kind": "title", "text": "Enterprise Value to 2024E EBITDAX", "attrs": null, "subkind": "subtitle", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "939eb6ab-3b9e-4f3a-89b9-efc5996fc3c3", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [ { "name": "2x2 matrix", "slug": "matrix-2x2", "agent": null, "layer": "slide", "matchId": "9cd93f7e-d379-4831-b33b-90b569fcc7c5", "evidence": "chart/bar-vertical: Enterprise Value to 2024E EBITDAX: ESTE 3.0x, Peer 1 5.8x, Peer 2 5.3x, Peer 3 4.4x, Peer 4 3.6x, Peer 5 3.3x, Peer 6 3.1x, Peer 7 2.3x, Peer 8 5.0x, Peer 9 4.7x, Peer 11 3.2x, Peer 10 3.1x, Peer 12 1", "confidence": 0.5 }, { "name": "Chart Selection Guide", "slug": "chart-selection-guide", "agent": "Designer", "layer": "slide", "matchId": "d610b4d9-8dc0-442f-8852-a83d2f437d00", "evidence": "chart/bar-vertical: 2024E Free Cash Flow Yield: ESTE 20%, Peer 1 7%, Peer 2 10%, Peer 7 4%, Peer 3 9%, Peer 5 11%, Peer 6 12%, Peer 4 13%, Peer 9 8%, Peer 10 16%, Peer 11 17%, Peer 12 20%, Peer 8 21%", "confidence": 0.5 } ], "frameworks": [], "arcBeats": [ { "to": 14, "from": 9, "beatId": "ebea82fa-3ee6-490d-9eec-b46b1128003c", "arcName": "Monroe's Motivated Sequence", "arcSlug": "monroes-sequence", "beatName": "Satisfaction", "beatSlug": "monroes-sequence-satisfaction", "evidence": "The presentation showcases the company's financial performance and guidance", "position": 2, "confidence": 0.8, "parentBeatName": "Turn", "parentBeatSlug": "turn" } ], "loops": [ { "to": 14, "from": 12, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "145e5602-0d18-4fa7-9ffc-73abf0b2dc05", "evidence": "The presentation implies that inaction may lead to missed opportunities", "position": 1, "objective": "What are the consequences of not pursuing strategic acquisitions?", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.6, "description": "Quantify what happens if the audience does nothing" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }