INTERNATIONALLY DIVERSIFIED SUSTAINABLE GROWTH AND INCOME J.P. Morgan Global SRI Conference, February 20-21, 2019 FEBRUARY 2019
VERMILIONS KEY ATTRIBUTES International E&P with leading positions in Europe, North America and Australia Self-funded growth-and-income model Supported by business units that deliver high margins, low decline rates and strong…
CAPITAL MARKETS SUMMARY Market Summary Trading Price (January 31, 2019) 32.20 (TSX), 24.55 (NYSE) Ticker Symbol (TSX & NYSE) VET Shares Outstanding (September 30, 2018) 152.5 million Average Daily Trading Volume (shares) 1.2…
CORE OPERATING AREAS 2019E PRODUCTION* EUR NORTH 33% N.A. AMERICA 62% AUS 5% EUROPE EUR N.A. FFO* 42% 50% AUS 8% AUSTRALIA N.A. FCF* EUR 36% 52% AUS 12% VERMILION IS FOCUSED IN THREE STABLE REGIONS…
VERMILION HISTORY Signed 25-year CDP Issued senior agreement in France Climate A List unsecured notes in US Launched as an Alberta-based oil & to provide geothermal High Yield market gas exploration and production company Converted…
SUSTAINABILITY We recognize the energy transition is occurring, and we are a part of the transition At the same time, we are realistic that oil and gas consumption will continue during the transition, and will in fact increase over…
COMMODITY MIX PRODUCTION (2019E)* ESTIMATED FFO CONTRIBUTION (2019E)* ESTIMATED FCF CONTRIBUTION (2019E)** France Australia Germany Australia Australia 11% United 8% France 4% Ireland France 12% 5% 8% States 17% United 5% 17%…
PRODUCTION GROWTH AND CAPEX ANNUAL PRODUCTION VS E&D CAPITAL EXPENDITURES 120 800 105 15% CAGR 700 90 600 MBOE / D 75 500 MM 60 400 45 6% CAGR 300 30 200 15 100 0 0 2003 2004 2005 2006 2007 2008…
EUROPEAN CORE AREA NETHERLANDS GERMANY 2 onshore gas producer Establishing production operations and IRELAND Large and growing inventory of drilling opportunities substantial exploratory land position in Corrib field constitutes 95%…
CANADA Production and assets are focused in West Central Alberta and SE Saskatchewan In West Pembina, potential for three significant development projects sharing surface infrastructure with a land position of approximately…
UNITED STATES WYOMING DEVELOPMENT Entered U.S. in 2014 Early stage light oil growth project in the Powder River Basin of northeastern Wyoming Large, operated contiguous land position (151,000 net acres at 93% working interest) in…
NORTH AMERICAN PRODUCTION 70,000 60,000 50,000 40,000 BOE/D 30,000 20,000 10,000 0 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018E 2019E E&D CAPEX AS % OF FFO* 21% 36% 67% 58% 31% 76%…
AUSTRALIAN ASSETS 18
AUSTRALIA Entered Australia in 2005 Offshore oil field 80 km N.W. of Australia (55 m water depth) Horizontal well development with 18 wellbores and five lateral sidetracks Wells 600m below sea bed with 1,500 - 3,700 m measured…
CDP (CARBON DISCLOSURE PROJECT) CDP (formerly Carbon Disclosure Project) is an international environmental organization that collects information about carbon emissions and energy use Vermilion was named to the CDP Climate…
DECREASING EMISSIONS INTENSITY Even as Vermilion increases production, we are decreasing the greenhouse gas emissions of each barrel of oil equivalent that we produce TOTAL CO2e EMISSIONS VS PRODUCTION TOTAL METHANE EMISSIONS VS…
ENERGY AND EMISSIONS REDUCTION PROJECTS REDUCING FLARING AND VENTING IN SOUTHEAST SASKATCHEWAN Following our 2014 purchase of light-oil assets in SE Saskatchewan, Vermilion made significant improvements based on our target to reduce…
GEOTHERMAL PROJECTS PARENTIS SUSTAINABILITY PARTNERSHIP Vermilion was the recipient of Frances Circular Economy Award for our project to supply geothermal heat from our oil operation to local greenhouses The award recognizes…
GEOTHERMAL PROJECTS LA TESTE ECO-HABITATS Our operations near La Teste, France now support an eco-neighborhood of 450 homes that are heated the same way as the tomato greenhouses, using recycled geothermal energy from our oil…
ESG SOCIAL 27
STRATEGIC COMMUNITY INVESTMENT Vermilion is committed to giving back to Canada France Netherlands Australia the communities in which we operate We assess the critical needs in each community, and determine where our financial…
INVESTING IN OUR NETHERLANDS COMMUNITIES MUNICIPALITY LINKAGE PROGRAM Vermilion launched the Municipality Linkage Program (MLP) in 2016 in the Netherlands, to support targeted and transparent connections between our capital…
INVESTING IN OUR CANADIAN COMMUNITIES EARLY CHILDHOOD DEVELOPMENT CENTRE, DRAYTON VALLEY After analyzing local needs, Vermilion provided financial and volunteer support for before and after-school programs in an underserved rural…
GLOBAL RESPONDER PROGRAM The Netherlands Rescue and Help on Water In 2017, Vermilion established our Global Emergency Responder Program to support critical equipment and training needs for emergency medevac and similar services in…
CORPORATE CULTURE GREAT PLACE TO WORK INSTITUTES ANNUAL RANKING Great Place to Work Institute evaluates companies by analyzing results of a confidential Trust Index survey provided to employees and evaluating the workplace through a…
ESG GOVERNANCE 33
CORPORATE CULTURE GREAT PLACE TO WORK INSTITUTES ANNUAL RANKING Great Place to Work Institute evaluates companies by analyzing results of a confidential Trust Index survey provided to employees and evaluating the workplace through a…
RISK MANAGEMENT Vermilion employs a systematic process to identify and manage risk across our ENTERPRISE RISK business, including economic, environmental and social risks defined in the MANAGEMENT PROCESS following categories:…
HEALTH, SAFETY AND ENVIRONMENT (HSE) PHILOSOPHY Safety, environmental protection, and regulatory compliance go hand-in-hand with VERMILIONS PRIORITIES maximizing profitability WE CONDUCT ALL ACTIVITIES TO: These priorities should…
EMPLOYEE AND DIRECTOR OWNERSHIP Pay-for-performance is the foundation of our approach to compensation, both at the executive and employee level All directors and employees participate in Vermilions equity-based Long-Term Incentive…
ESG REPORTING SCORES MSCI ESG Research Inc. In 2018, Vermilions MSCI ESG (environment, social and governance) rating remained an A (second consecutive year) MSCIs Governance Metrics Report scores Vermilion in the top decile…
ESG AND SHAREHOLDER RETURNS Sustainability performance is integral to our business and is positively correlated to our strong shareholder returns 5-Yr Total Return vs. Sustainalytics Rank 5-Yr Total Return vs CDP Score 5-Yr Total…
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