Talos Energy To Host Analyst & Investor Day

(Talos, 24.May.2022) — Talos Energy Inc. (NYSE: TALO) will host its first-ever analyst and investor day today at 2:00 PM Eastern Time (1:00 PM Central Time). A live webcast of the event will be available on the company’s recently updated and relaunched corporate website at https://www.talosenergy.com/investor-relations/events-calendar/. Please allow extra time to visit the website and register for the live webcast, which will also be made available for replay following the event. Presentation materials for the event are currently available on the website.

Key Highlights of the Program will Include:

  • The company’s differentiated conventional offshore strategy and technical and operational capabilities
  • 2022 capital program details and robust project inventory, which includes approximately 100 prospects and more than 1.1 billion barrels of oil equivalent resource potential
  • Focus on ESG and Sustainability including Talos Low Carbon Solutions portfolio
  • Financial terms of the company’s Bayou Bend CCS joint venture transaction, which implies a gross valuation for the pre-emitter contract, pre-FID project of $100mn
  • Strong expected 2022 free cash flow profile and the company’s expectation to reach 1.0x leverage by year-end 2022 or sooner
  • Increased long-term (2021-2025) cumulative free cash flow(1) guidance by approximately 50% to over $1.5bn, roughly equivalent to the company’s current market capitalization
  • Guest presentations on seismic imaging technology and CCS value chain partnerships from CGG S.A. and EnLink Midstream, LLC, respectively
(1)Free Cash Flow is a non-GAAP financial measure. See “Non-GAAP Financial Information” below for additional information. Free Cash Flow estimates for the years 2022 through 2025 represent management estimates as of the date of this release and are based on several assumptions and uncertainties. Specifically, these estimates are based on management forecast and current commodity market conditions utilizing Strip pricing and market capitalization as of May 13, 2022; however, commodity prices are highly volatile and any material changes in these assumed prices could materially alter management’s estimates of Free Cash Flow over the applicable periods. These and other risks discussed in our Annual Report on Form 10-K for the year ended December 31, 2021, could cause us to not achieve the estimates set forth above. Figures are presented pre-tax.

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