EFTA Document EFTA01357833

Deutsche Bank Securities Inc. 0 (Figure 105: Commodity Price Scenario Analysis Concha Resources Sensitivity Based on Bloomberg Consensus 11.75 $310 SI 26 MAO 11.408 $10.0 $1321 010 $1,034 1766 $1.748 1820 $IAN SA $1.072 FY 1TE EBITDA (1 Mithr.n) 1225 2215 13.25 1175 1425 1110 $1.346 $1,367 51.447 11 416 SI 544 $1 514 $1160 11.503 $1.560 11410 11 631 $.711 51.572 $1122 $1.673 11.733 0.774 $3104 $1.014 11.716 $1,716 11236 $SW 11.037 $1.707 11.147 1106 1129411 $ENO 12.6.0 $1.010 $1.010 12.00 11/261 $2112 SIC $2022 12073 $2,23 $2174 12224 22270 FY 16E EBITDA IS Marconi $1.11 $125 $2.75 Sin 2176 1425 SUS $140 134/2 SI 36/ $1.132 11.30 $1 273 0143 11.41$ $440 SI 197 SI 287 $1,337 11.407 $1477 $1 547 11.117 6610 $I 401 0.471 $1.5.41 11.60 11 61 *1.751 11.121 $600 SI 605 SI 675 11.745 $1116 SI 865 $1056 12034 $630 $1610 $I 803 31.910 12/720 1200 $200 22.210 SO 12014 $2 034 52.134 52.714 $2204 $2361 $2.4* MO $2216 320 32.310 32 422 12.400 $256 1340 FY 15E Net Lot lag $1.73 $224 $.75 $321 San $30.0 34x 3* 31. 3 Cs 2.0* $40.0 31x 34 23* 274 2.33 $60.0 244 27* 201 26$ 16 $80.0 201 25x 14$ 2* 2.22 IMO 20 274 22$ 21$ 1.1$ 140.0 22$ 21x 21* 204 IM 1140 26/ 20 114 114 It $1.71 San 12.75 lin 015 Pa 66c 10 614 474 ell MO 4* 44x • 0 30 3.61 $10.0 30 3.1* 344 30 3.1* MR 33$ 3.1$ 211 244 2.6 $71 2.4. 274 22. 24x 2.* MI 24$ 23$ 22$ 21A 20 1140.0 2.1x 20/ 114 114 I.h 1425 1476 2*/ 27$ 214 216 2.18 12‘ 21$ 214 2.61 116 10 Is 1.7$ I.h $4.25 1075 41* 3* 341 321 20 27$ 2.16 216 2.Ix 26 Is. It Is Is FY 13E FCFC/Mtlkon $1.76 $2215 1275 010 ($714, 0616 06501 400 11601 61131 0561) SAO 1167* 0544) 115111 1315 0818/ 115410 1070 $3.75 ($586i 05161 (WTI $4.25 0553) (M) (HIS) $4.75 115211 ISViS) if Sall 114101 ($3711 034* 03141 $100 0606) ($04) rS•42i $710 10371 44161 03731 03411 (SX01 (1277) 02451 1010 43611 (131,4 ($ 4) 4272) 620 6206) 017* SO 42301 02871 anis, FY 16E FCF IS I'dirwmi 4171) di* ifs* 11.75 1225 $276 $11.25 $176 $4.25 $411 1310 (.4551 41390) 412401 01.282; 032251 01.1671 101101 $610 41,316 11.26Si ($12011 Eii.143) (11.086) c11.6214 159701 $600 (Stab 41.111), 01.0611 (.OM) IOM( ISOM) 0946) 44071 11140 01.037/ 00701 11021/ 114841 0701 16001 IMO 41071 411401 07121 1$7211 40571 ($0101 1$5531 100 07641 0703 460) 45851 45311 (0701 154131 $600 0641 0566 Iwo 44461 43381 ($331) 113733 FY 15E Debt. Proved RPSI, rye', S.M.: 101 NifIVEX Gan IS., 61 .75 $225 $273 SSM 13.7$ 1416 $30.0 115 IIS S1$ 0.4 $1.4 $1.4 $440 0.5 V 4 $14 $1.4 $1.4 $1.4 010 $1.4 04 $1.4 $1.4 11.4 $1.4 $1.4 1010 $1.4 $14 SI • $14 $1.4 $14 $13 $700 11.4 SI 4 $14 IT 4 $1.3 $13 $14 60.0 11.4 St 3 II 2 $3 $13 $13 5.61 0 03 SI 3 r. I ' $1.3 $13 $IS FY 16E 130611Proved Reserves / S Mc le;. NYISEX Gan IS 9010 $1 I) 12 25 12.1, 13 fin $4.26 4271 130.0 31e SI e 510 SI 5 $1 5 $16 $16 11460 $16 115 $I 5 $.5 SI 5 $15 III 10410 III $16 $16 $15 $1.6 $1.4 $14 SO $11 $16 SI $ $1.4 11.4 $1.4 $14 IMO $1.1 $1I 4 SI • $1.4 $1.4 $14 $14 100 $1.4 114 11.4 11,4 $1.4 $1.4 113 NB 114 SI 4 $1.4 $1.3 $13 $13 $13 San Oman SontSikanrg Inns LP Per So tang anyainioon nein* OS Mr )fia rho kresserbtors raw 00•00apcowrxmrea/mrer orEr AMPORN0124300V46124110/10/100/411,21/004.21t401.00411,4742A0160410401.Wend WON CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0044668 SDNY_GM_00 190852 EFTA01357833