November 2018 Vantage Energy Investor Presentation
ibdrootProjectsIBD-NYworm2018625491_116. Investor PresentationVEAC Investor Presentation_v2018_11_6.pptx Vantage Background and Transaction Summary Roger Biemans and NGP raised 552mm in 2017 through the IPO of Vantage Energy…
ibdrootProjectsIBD-NYworm2018625491_116. Investor PresentationVEAC Investor Presentation_v2018_11_6.pptx Introduction to Vantage Energy, a Highly-Differentiated Return of Capital Story Vantage Energy is built around a core Bakken…
ibdrootProjectsIBD-NYworm2018625491_116. Investor PresentationVEAC Investor Presentation_v2018_11_6.pptx This Transaction Delivers on Vantages Acquisition Criteria at IPO Vantage has executed on its stated IPO goals, forming a…
ibdrootProjectsIBD-NYworm2018625491_116. Investor PresentationVEAC Investor Presentation_v2018_11_6.pptx An Investor Focused Return of Capital Story Robust upstream cash flow to be prudently managed to maximize shareholder value…
ibdrootProjectsIBD-NYworm2018625491_116. Investor PresentationVEAC Investor Presentation_v2018_11_6.pptx Experienced and Proven Management Team Leading a Seasoned Operations Unit Experienced Staff with Long Bakken Operating…
ibdrootProjectsIBD-NYworm2018625491_116. Investor PresentationVEAC Investor Presentation_v2018_11_6.pptx Vantage Energy, a Premier Pure Play in the Core of the Bakken Scale position with over 100,000 net acres in the core of the…
ibdrootProjectsIBD-NYworm2018625491_116. Investor PresentationVEAC Investor Presentation_v2018_11_6.pptx The Bakken Continues to Deliver Strong, Improving Well Results Bakken / Three Forks productivity is leading the way in U.S.…
ibdrootProjectsIBD-NYworm2018625491_116. Investor PresentationVEAC Investor Presentation_v2018_11_6.pptx Technology Playing Key Role in Improving Bakken Results with Infill and Refrac Upside Significant upside being demonstrated with…
ibdrootProjectsIBD-NYworm2018625491_116. Investor PresentationVEAC Investor Presentation_v2018_11_6.pptx The Bakken Has Highly Competitive Economics and Margins Inventory competitively positioned on the North American supply curve…
ibdrootProjectsIBD-NYworm2018625491_116. Investor PresentationVEAC Investor Presentation_v2018_11_6.pptx Recent Offset Well Results Reinforce Consistent Productivity 1 HIDATSA NORTH 14-23HX 2 FORSMAN USA 44-22H 3 ROSS 42-5H 4 SHOOTS…
ibdrootProjectsIBD-NYworm2018625491_116. Investor PresentationVEAC Investor Presentation_v2018_11_6.pptx Other Oily E&Ps Bakken Focused E&Ps Attractive Valuation with Conservative Capital Structure EV / LQA EBITDA LQA EBITDA Margin…
ibdrootProjectsIBD-NYworm2018625491_116. Investor PresentationVEAC Investor Presentation_v2018_11_6.pptx Highly Differentiated Return of Capital Opportunity vs. Upstream Peers Oil-driven production helps achieve both a premier free…
ibdrootProjectsIBD-NYworm2018625491_116. Investor PresentationVEAC Investor Presentation_v2018_11_6.pptx Vantage Energy Has An Attractive Combination of Attributes Sought by E&P Investors Strong mix of investment attributes at an…
ibdrootProjectsIBD-NYworm2018625491_116. Investor PresentationVEAC Investor Presentation_v2018_11_6.pptx Significant Ongoing Consolidation Potential in the Bakken Operator Overview Compelling Future Consolidation Potential Near-term…
ibdrootProjectsIBD-NYworm2018625491_116. Investor PresentationVEAC Investor Presentation_v2018_11_6.pptx Bakkens Premium Pricing Driven by Substantial Takeaway Access Attractive and established pipeline infrastructure supports high…
ibdrootProjectsIBD-NYworm2018625491_116. Investor PresentationVEAC Investor Presentation_v2018_11_6.pptx Vantage Energy Development and Cash Flow Projections Gross Operated Horizontal Rig Count Upstream Cash Flow Profile (MM) Plan…
ibdrootProjectsIBD-NYworm2018625491_116. Investor PresentationVEAC Investor Presentation_v2018_11_6.pptx NGP-Sponsored E&P IPOs Have Delivered Significant Value for Public Investors NGP-sponsored IPOs have easily outperformed both…
ibdrootProjectsIBD-NYworm2018625491_116. Investor PresentationVEAC Investor Presentation_v2018_11_6.pptx Vantage Management Team Brings Proven Execution and Technical Capabilities Roger Biemans is Uniquely Qualified to Manage Vantage…
ibdrootProjectsIBD-NYworm2018625491_116. Investor PresentationVEAC Investor Presentation_v2018_11_6.pptx Vantage Energy Key Investment Highlights Meaningful and growing dividend to shareholders 1 Highly differentiated return of…
Financial Overview
ibdrootProjectsIBD-NYworm2018625491_116. Investor PresentationVEAC Investor Presentation_v2018_11_6.pptx Sources and Uses and Pro Forma Valuation Estimated Sources & Uses Pro Forma Valuation At Effective Date Adj. At Close Date…
ibdrootProjectsIBD-NYworm2018625491_116. Investor PresentationVEAC Investor Presentation_v2018_11_6.pptx Vantage Energy Financial Forecast Forecast Assumptions Vantage Energy Financial Projections ( in millions, unless otherwise…
ibdrootProjectsIBD-NYworm2018625491_116. Investor PresentationVEAC Investor Presentation_v2018_11_6.pptx Transaction Timeline Date Process November 2018 Sign Purchase and Sale Agreement and Announce Transaction December…