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Acquisition of Spartan Energy – Vermilion Energy Inc.

Vermilion Energy Inc. · Apr 16, 2018 · 9 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Acquisition of Spartan Energy – Vermilion Energy Inc. – slide 1
    ACQUISITION OF SPARTAN ENERGY CORP. APRIL 2018
  2. Acquisition of Spartan Energy – Vermilion Energy Inc. – slide 2
    ACQUISITION OF SPARTAN ENERGY CORP. ACQUISITION DETAILS Vermilion to acquire Spartan Energy Corp. for total consideration of 1.40 billion, comprised of 1.23 billion in Vermilion shares at a 0.1476 exchange ratio, plus the assumption…
  3. Acquisition of Spartan Energy – Vermilion Energy Inc. – slide 3
    KEY TRANSACTION METRICS TRANSACTION METRICS VET CURRENT PRO FORMA Purchase Price (MM) 1.40 billion Shares Outstanding (March 31, 2018) 122.8 million 150.6 million EV/FFO Multiple (annualized) 4.7 x 2018E Net Debt (incl. net WC) 1.4…
  4. Acquisition of Spartan Energy – Vermilion Energy Inc. – slide 4
    EXPANSION OF SE SASKATCHEWAN POSITION Approximately 480,000 net acres (750 net sections) 457,000 net acres, 714 net sections in Sask 20,000 net acres, 17 net sections in AB 3,000 net acres, 4 net sections in MB SE Sask position…
  5. Acquisition of Spartan Energy – Vermilion Energy Inc. – slide 5
    PRODUCTION GROWTH AND CAPEX ANNUAL PRODUCTION VS E&D CAPITAL EXPENDITURES 100 800 17% CAGR 700 80 600 60 500 MBOE / D MM 400 40 6% CAGR 300 200 20 100 0 0 2003 2004 2005 2006 2007 2008 2009…
  6. Acquisition of Spartan Energy – Vermilion Energy Inc. – slide 6
    FFO / FCF FFO FCF (CORPORATE ERA) 1,200 600 100,000 ANNUALIZED IMPACT ANNUALIZED IMPACT OF SPARTAN ACQUISITION OF SPARTAN ACQUISITION 1,000 500 FFO LESS E&D CAPEX* (MM) 80,000 PRODUCTION (BOE/D) 400 800 FFO (MM)…
  7. Acquisition of Spartan Energy – Vermilion Energy Inc. – slide 7
    PRODUCTION MIX 2018E PRODUCTION 2018E ANNUALIZED PRODUCTION PRE-ACQUISITION POST-ACQUISITION EUR EUR N.A. 35% 47% 46% N.A. 60% AUS AUS 5% 7% OIL/CONDI (WTI) OIL (BRENT) OIL (BRENT) NGL 16% 18% 23% OIL/CONDI (WTI) 7%…
  8. Acquisition of Spartan Energy – Vermilion Energy Inc. – slide 8
    FFO MIX 2018E FFO 2018E ANNUALIZED FFO PRE-ACQUISITION POST-ACQUISITION N.A. 32% EUR N.A. EUR 41% 52% 59% AUS 9% AUS 7% OIL/CONDI OIL (BRENT) OIL (BRENT) (WTI) 32% 23% 27% OIL/CONDI (WTI) NGL 46% 3% EURO GAS…
  9. Acquisition of Spartan Energy – Vermilion Energy Inc. – slide 9
    FCF AND RESERVES MIX PRE-ACQUISITION POST-ACQUISITION 2018E FCF 2018E ANNUALIZED FCF N.A. 19% N.A. AUS EUR 40% EUR 11% 52% 70% AUS 8% 2017 2P RESERVES 2017 2P RESERVES OIL/CONDI (WTI) OIL (BRENT) 15% OIL (BRENT)…

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