Baytex publishes investor presentation outlining 6%-8% annual production growth plan and shareholder returns focus

• Baytex outlined a 2026 plan targeting 69,000-71,000 boe/d production, with 89% oil and NGLs.
• Capital spending set at CAD 625 million, split 45% heavy oil, 55% light oil; about 7% annual production growth targeted.
• Share buybacks prioritized under the NCIB; share count down 6.5% through May 31, 2026; authorization up to 66 million shares.
• Quarterly dividend maintained at CAD 0.0225 per share, or CAD 0.09 annualized; dividend yield shown at 1.3%.
• Strategy targets 6%-8% annual production growth, 15% annual total shareholder return at US$70/bbl WTI, supported by a net cash position of CAD 0.6 billion.

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