Talos Energy (TALO) Earnings Call Presentation

Financial Performance & Debt Reduction - Talos achieved record production in multiple quarters[14] - The company reduced net debt by approximately $350 million, decreasing leverage from 2.7x to 1.0x[14] - Talos achieved a company record of over $700 million in liquidity[14] - In Q2 2022, Talos reported adjusted EBITDA exceeding $250 million and free cash flow exceeding $130 million[18, 20] - Talos repaid approximately $150 million in debt, including about 40% of its RBL (Revolving Borrowing Base)[24] Carbon Capture & Sequestration (CCS) Initiatives - Talos successfully launched a Carbon Capture & Sequestration business[14] - The company expanded the Bayou Bend CCS JV with Chevron[24] - Talos' CCS project portfolio targets 800 million metric tons of CO2 storage[45] - At full scale, Talos CCS aims to permanently sequester over 50 times the annual emissions of its upstream operations[53] Operational Footprint & Reserves - Talos has an acreage footprint of approximately 1.3 million acres[12] - The company's proved reserves at year-end 2021 were 162 MMBoe (million barrels of oil equivalent)[13]