DEC: The Only Publicly Traded Champion of the PDP Subsector Energy Third Quarter Financial & Operational Results Presentation November 4, 2025 Optimized The information contained in this document (the "Presentation") has been prepared by Diversified Energy Company PLC ("Diversified" or the "Company"). This Presentation is for general information purposes only and does not constitute an invitation or inducement to any person to engage in investment activity. While the information contained herein has been pr ...

Core Points - Decade Resources Ltd. is conducting a non-brokered private placement financing to raise up to $1,500,000 [1] - The financing will include 32,500,000 flow-through units (FT Units) priced at $0.04 each, aiming to raise $1,300,000, and 5,000,000 non-flow-through units (NFT Units) priced at $0.04 each, aiming to raise $200,000 [6] - FT Units consist of one flow-through common share and one common share purchase warrant, while NFT Units consist of one common share and one common share purchase warrant [2] Financing Details - Each warrant for FT Units allows the holder to purchase one non-flow-through common share at $0.06 for two years from issuance [1] - Each warrant for NFT Units allows the holder to purchase one additional common share at $0.05 for three years from issuance [2] - The proceeds from FT Units will be allocated to projects in British Columbia, while proceeds from NFT Units will be used for general working capital and corporate purposes [2] Finder's Fees - The company may pay finder's fees of 8% of gross proceeds from certain subscriptions, along with finder's warrants equal to 8% of the units sold [3] - Each finder's warrant will be exercisable to acquire one common share at $0.06 for two years from issuance [3] Regulatory Compliance - The private placement is subject to acceptance by the TSX Venture Exchange, and all securities will have a four-month hold period from issuance [4]

Core Insights - Diversified Energy Company PLC reported strong financial and operational results for Q3 2025, with a significant year-over-year increase in revenue and free cash flow, demonstrating the effectiveness of its cash-generative business model [1][10][11] Financial Performance - Total revenue for Q3 2025 reached $500 million, a 105% increase compared to $244 million in Q3 2024 [3] - Adjusted EBITDA for Q3 2025 was $286 million, up 149% from $115 million in Q3 2024, marking a record quarterly result [3][6] - Adjusted free cash flow for Q3 2025 was $144 million, a 157% increase from $56 million in Q3 2024 [3][6] Production Metrics - Average production for Q3 2025 was 1,127 MMcfepd, a 36% increase from 829 MMcfepd in Q3 2024 [3] - The production volume mix consisted of 74% natural gas, 13% NGLs, and 13% oil [3][6] Shareholder Returns - The company returned approximately $146 million to shareholders year-to-date through dividends and share repurchases [1][7] - A dividend of $0.29 per share was declared for Q3 2025 [7] Strategic Initiatives - Diversified announced a partnership to establish a financial assurance fund for the retirement of its owned wells in West Virginia, enhancing its operational strategy [5] - The company has raised its financial guidance for 2025, increasing the target for adjusted EBITDA by approximately 7% and adjusted free cash flow by about 5% [19][13] Debt and Liquidity - The leverage ratio improved to 2.4x net debt to adjusted EBITDA, reflecting a 20% improvement from year-end 2024 [7][11] - The company maintains strong liquidity with approximately $440 million available, consisting of undrawn credit facility capacity and unrestricted cash [7] Operational Efficiency - The company achieved an adjusted EBITDA margin of 66% in Q3 2025, compared to 48% in Q3 2024, indicating improved operational efficiency [17][51] - Total operating expenses per unit were $1.86/Mcfe, with an adjusted operating cost per unit of $2.08/Mcfe [17][18]

Core Viewpoint - Diversified Energy Company PLC has declared an interim dividend of 29 cents per share for the third quarter of 2025, reflecting the company's commitment to returning value to shareholders [2]. Dividend Announcement - The interim dividend of 29 cents per share is for the three-month period ending September 30, 2025 [2]. - Key dates related to the dividend include: - Record Date: February 27, 2026 - Payment Date: March 31, 2026 - Default Currency: US Dollar - Currency Election Option: Sterling - Last Date for Currency Election: March 6, 2026 [3]. Currency Election - The dividend will be paid in U.S. dollars, with an option for shareholders to elect to receive it in sterling [4]. - Shareholders wishing to receive their dividend in sterling must submit a currency election form by March 6, 2025 [4]. Additional Information - The sterling value of the dividend payable per share will be announced approximately two weeks prior to the payment date [5]. - The announcement contains inside information as per UK MAR regulations [5]. Company Overview - Diversified Energy Company PLC is a leading publicly traded energy company focused on natural gas and liquids production, transport, marketing, and well retirement [6]. - The company employs a differentiated strategy by acquiring long-life assets and investing in them to enhance environmental and operational performance [6]. - Recognized for sustainability leadership, Diversified aims to responsibly produce energy, deliver reliable free cash flow, and generate shareholder value [6].

Group 1 - Diversified Energy Company PLC (DEC) closed at $12.68, down 4.45% from the previous session, underperforming the S&P 500's gain of 0.23% [1] - The stock has decreased by 4.94% over the past month, compared to the Oils-Energy sector's loss of 2.26% and the S&P 500's gain of 3.57% [1] Group 2 - The company is set to release its earnings report on November 3, 2025, with Zacks Consensus Estimates predicting earnings of $2.73 per share and revenue of $1.71 billion, reflecting year-over-year increases of +40% and +97.06% respectively [2] - Recent changes to analyst estimates indicate a positive outlook for the company's business operations and profit generation [3] Group 3 - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), shows that DEC currently holds a Zacks Rank of 4 (Sell) [5] - Over the last 30 days, the Zacks Consensus EPS estimate for DEC has increased by 18.95% [5] Group 4 - DEC has a Forward P/E ratio of 4.86, significantly lower than its industry's Forward P/E of 24.15, indicating a valuation discount [6] - The Alternative Energy - Other industry, part of the Oils-Energy sector, has a Zacks Industry Rank of 161, placing it in the bottom 35% of over 250 industries [6]

Core Points - JCDecaux has been awarded a 10-year exclusive advertising contract for Barcelona's Bus Shelters and City Information Panels, marking its return to the city [1][2] - The contract includes the operation of over 1,400 bus shelters and nearly 500 City Information Panels, with a total of 3,000 analogue advertising panels and 300 new digital screens [2] - The new digital screens will be larger and more energy-efficient, utilizing the latest LED technology [2][4] - The contract aligns with JCDecaux's Climate Strategy, aiming for Net Zero Carbon by 2050, and includes measures to reduce carbon emissions through an eco-friendly vehicle fleet and renewable energy sources [4] - JCDecaux will expand its street furniture presence in Spain, with over 30,000 displays in 25 of the 30 largest cities, targeting a young and mobile audience [5][6] Company Overview - JCDecaux reported a revenue of €3,935.3 million for 2024 and €1,868.3 million for H1 2025 [7] - The company is the number one out-of-home media company globally, with a daily audience of 850 million people across more than 80 countries [7] - JCDecaux operates 1,091,811 advertising panels worldwide and is present in 3,894 cities with populations over 10,000 [7] - The company has received high ratings for its extra-financial performance, including recognition from CDP, MSCI, and EcoVadis [9]

Core Insights - Diversified Energy has achieved the Gold Standard Reporting certification from the Oil & Gas Methane Partnership 2.0, marking its fourth consecutive year of recognition for its commitment to methane reduction [1][2][4] Company Commitment - The company has been a reporting member of OGMP 2.0 since May 2022, demonstrating its dedication to transparent reporting and measurement-based emissions data [1][2] - Diversified has set aggressive multi-year plans to accurately measure and significantly reduce methane emissions, supported by annual capital investments in emission detection technologies [3][4] Industry Context - Diversified is one of only 9 US-based upstream companies to achieve Gold Standard status, joining over 65 companies globally, which collectively represent 17% of the world's oil and gas production [4] - The International Methane Emissions Observatory recognizes OGMP 2.0 as the standard for transparency in methane measurement and management [4] Technological Innovation - The company leverages technology and innovative approaches to enhance emission performance, aiming to make methane leaks rare [3] - Achieving Gold Standard Reporting positions Diversified to offer Responsibly Sourced Gas (RSG), a commodity valued for its verified low-methane attributes [3]

Core Insights - JCDecaux SE has signed an exclusive 4+2+2 year contract with Bane NOR to operate advertising assets at Norway's railway stations, including Oslo Central Station, which is the largest transportation hub in Norway [1][2] - The partnership with Bane NOR, which began in 2012, has led to significant contract growth and the development of effective advertising arenas [2] - Passenger figures for the first half of 2025 have reached record highs, with a growth of over 5% compared to the previous year, indicating a strong audience for advertisers [2] Company Overview - JCDecaux reported a revenue of €3,935.3 million for 2024 and €1,868.3 million for the first half of 2025 [4] - The company is the number one out-of-home media company globally, with a daily audience of 850 million people across more than 80 countries [4] - JCDecaux operates 1,091,811 advertising panels worldwide and is present in 3,894 cities with populations over 10,000 [4] Industry Position - JCDecaux is recognized as a leader in various segments, including street furniture, transport advertising, and billboards, holding the number one position in multiple regions [4] - The company has achieved significant accolades for its sustainability efforts, including recognition from the SBTi and EcoVadis [4] - JCDecaux is also a pioneer in eco-friendly mobility solutions, being the number one worldwide in self-service bike rental schemes [4]

Core Viewpoint - Diversified Energy Company PLC (DEC) is experiencing fluctuations in stock performance, with a recent increase in share price despite prior losses, and upcoming earnings expectations are significantly positive [1][2]. Group 1: Stock Performance - DEC's stock closed at $12.82, reflecting a +1.99% change from the previous day, outperforming the S&P 500's loss of 0.53% [1]. - Prior to the recent trading session, DEC shares had declined by 12.34%, underperforming the Oils-Energy sector's loss of 1.42% and the S&P 500's gain of 1.13% [1]. Group 2: Earnings Expectations - The upcoming earnings report for DEC is scheduled for November 3, 2025, with Zacks Consensus Estimates projecting earnings of $2.73 per share and revenue of $1.71 billion, indicating increases of +40% and +97.06% from the previous year, respectively [2]. Group 3: Analyst Estimates and Rankings - Recent changes in analyst estimates for DEC suggest a positive outlook, as revisions often reflect current business trends [3]. - The Zacks Rank system, which evaluates estimate changes, currently ranks DEC at 4 (Sell), indicating a less favorable outlook despite a recent 18.95% increase in consensus EPS projections [5]. Group 4: Valuation Metrics - DEC is currently trading at a Forward P/E ratio of 4.6, which is significantly lower than the industry average Forward P/E of 23.59, suggesting a valuation discount [6]. - The Alternative Energy - Other industry, which includes DEC, has a Zacks Industry Rank of 156, placing it in the bottom 37% of over 250 industries [6].

Core Viewpoint - Diversified Energy Company PLC is set to release its operational and financial results for Q3 2025 on November 3, 2025, after the US market closes, followed by a conference call on November 4, 2025, to discuss these results [1]. Group 1: Financial Results Announcement - The company will publish its Q3 2025 Results on its website prior to the conference call [2]. - A supplementary Q3 2025 Results Presentation will also be made available on the company's website [2]. Group 2: Company Overview - Diversified Energy Company PLC is a publicly traded energy company focused on natural gas and liquids production, transport, marketing, and well retirement [3]. - The company employs a differentiated strategy by acquiring long-life assets and investing in them to enhance environmental and operational performance before retiring them safely [3]. - Recognized for sustainability leadership, the company aims to responsibly produce energy, deliver reliable free cash flow, and generate shareholder value [3].