Financials Birchcliff Energy Ltd.

Equities

Market Closed - Toronto S.E. Other stock markets 04:00:00 2025-12-12 pm EST			5-day change	1st Jan Change
7.360 ^CAD	-1.08%		-7.88%	+35.79%

Nov. 20	Birchcliff Energy Ltd. receives TSX approval for renewal of normal course issuer bid	RE
Nov. 20	Birchcliff Energy Secures TSX Approval for New Share Buyback Program	MT

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	528.5	932.4	1,340	739.7	587	706	856.3	725
Change	-	76.42%	43.73%	-44.81%	-20.64%	20.28%	21.29%	-15.34%
EBITDA ¹	203.2	587.1	978.8	348.3	269.4	416.2	566.2	580.2
Change	-	188.9%	66.72%	-64.42%	-22.64%	54.49%	36.04%	2.47%
EBIT	-41.13	374.3	765	121.8	22.78	-	-	-
Change	-	1,010.21%	104.36%	-84.08%	-81.29%	-	-	-
Interest Paid	-30.11	-33.24	-19.24	-26.41	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Net income ¹	-	-	-	-	-	54	184	-
Change	-	-	-	-	-	-	240.74%	-
Announcement Date	2/10/21	2/9/22	3/15/23	2/14/24	2/12/25	-	-	-

¹CAD in Million

Estimates

Fiscal Period: December	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales	158.3	185.6	193.6	263.3	289.8	286	394.2	387.7	320.4	208.6	171.3	177.1	-	163.3	147	-	-	-	-	-	-
Change	-	17.26%	4.33%	36%	10.05%	-1.32%	37.84%	-1.66%	-17.35%	-34.88%	-17.9%	3.41%	-	-	-9.97%	-	-	-	-	-	-
EBITDA ¹	73.72	92.87	97.82	245.2	204.8	188.2	267.8	271.3	228.3	100.2	78.35	84.21	85.55	72.31	61.49	55.7	79.93	134.6	104.8	96.65	102
Change	-	25.98%	5.33%	150.64%	-16.45%	-8.13%	42.31%	1.28%	-15.83%	-56.13%	-21.77%	7.47%	1.59%	-15.48%	-14.96%	-9.43%	43.51%	68.44%	-22.17%	-7.76%	5.53%
EBIT	65.37	39.92	67.4	188.1	150.9	170.5	217.3	217.5	169.8	44.69	21.89	29.08	-	13.59	15.65	-	-	-	-	-	-
Change	-	-38.92%	68.81%	179.07%	-19.75%	12.93%	27.5%	0.09%	-21.93%	-73.69%	-51.01%	32.83%	-	-	15.14%	-	-	-	-	-	-
Charge d'intérêts	-9.529	-9.132	-9.444	-8.3	-6.362	-4.367	-4.818	-4.756	-5.298	-4.761	-6.017	-7.398	-	-9.165	-10.66	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	2/10/21	5/12/21	8/11/21	11/10/21	2/9/22	5/11/22	8/10/22	11/9/22	3/15/23	5/10/23	8/10/23	11/14/23	2/14/24	5/15/24	8/14/24	11/14/24	2/12/25	5/14/25	8/13/25	11/12/25	-

¹CAD in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	771	539	132	372	567	456	325	218
Change	-	-30.09%	-75.51%	181.82%	52.42%	-19.55%	-28.73%	-32.92%
Announcement Date	2/10/21	2/9/22	3/15/23	2/14/24	2/12/25	-	-	-

¹CAD in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	289.7	232.5	368.2	307.9	282.7	295.8	357.7	360.2
Change	-	-19.74%	58.39%	-16.38%	-8.17%	4.63%	20.9%	0.71%
Free Cash Flow (FCF) ¹	-101.5	307.3	585.5	12.61	-61.77	116.8	191.7	179.6
Change	-	402.74%	90.54%	-97.85%	-589.7%	289.02%	64.23%	-6.35%
Announcement Date	2/10/21	2/9/22	3/15/23	2/14/24	2/12/25	-	-	-

¹CAD in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	-	38.45%	62.97%	73.04%	47.09%	45.9%	58.96%	66.12%	80.03%
EBIT Margin (%)	-	-7.78%	40.15%	57.08%	16.46%	3.88%	-	-	-
EBT Margin (%)	-	-	-	-	-	-	-	-	-
Net margin (%)	-	-	-	-	-	-	7.65%	21.49%	-
FCF margin (%)	-	-19.2%	32.95%	43.68%	1.71%	-10.52%	16.54%	22.39%	24.77%
FCF / Net Income (%)	-	-	-	-	-	-	216.2%	104.2%	-
Profitability
ROA	-1.24%	-1.04%	9.27%	17.84%	0.88%	2.26%	-	-	-
ROE	-3.19%	-3.48%	17.75%	30.34%	0.42%	2.54%	-	-	-
Financial Health
Leverage (Debt/EBITDA)	-	3.8x	0.92x	0.13x	1.07x	2.1x	1.1x	0.57x	0.38x
Debt / Free cash flow	-	-7.6x	1.75x	0.23x	29.5x	-9.18x	3.91x	1.69x	1.22x
Capital Intensity
CAPEX / Current Assets (%)	-	54.81%	24.93%	27.48%	41.63%	48.17%	41.9%	41.77%	49.68%
CAPEX / EBITDA (%)	-	142.54%	39.6%	37.62%	88.41%	104.94%	71.07%	63.16%	62.08%
CAPEX / FCF (%)	-	-285.41%	75.66%	62.9%	2,441.26%	-457.77%	253.4%	186.54%	200.62%
Items per share
Cash flow per share ¹	-	0.69	2.03	3.47	1.15	0.8119	1.534	1.92	1.982
Change	-	-	194.2%	70.94%	-66.86%	-29.4%	88.95%	25.15%	3.21%
Dividend per Share ¹	-	0.0413	0.025	0.27	0.8	0.4	0.12	0.12	0.12
Change	-	-	-39.47%	980%	196.3%	-50%	-70%	0%	0%
Book Value Per Share ¹	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-
EPS ¹	-	-0.23	-	2.38	0.04	0.21	0.23	0.7	0.785
Change	-	-	-	-	-98.32%	425%	9.52%	204.35%	12.14%
Nbr of stocks (in thousands)	-	265,939	265,176	265,937	266,543	270,306	273,380	273,380	273,380
Announcement Date	-	2/10/21	2/9/22	3/15/23	2/14/24	2/12/25	-	-	-