Vine Energy at a Glance: A Top-Tier Natural Gas Player Industry Leading Economic Profile 2020 Adj. EBITDAX(1) 2020 Adj. EBITDAX 2020 Levered Free Margin(2) Cash Flow(3) 529MM 72% 57MM Top-tier industry margin Highly Productive…
Vine Energy in Detail Company Net / Effective Acres (1) 96,000 / 178,000 27,000 / 49,000 123,000 / 227,000 Company Statistics Ticker VEI Exchange NYSE Net Locations 561 215 776 Shares outstanding (MM): Public float 20.4 Total…
Financial Strategy Vine believes in a business model centered around the pillars of free cash flow generation, conservative leverage and return of shareholder value A Generate Significant Levered Free Cash Flow B Protect the Balance…
Vine: A Top-Tier Natural Gas Player Highly predictable results with low capital intensity Leading Operator with High Margins & Long-Duration Resource Base Overpressured reservoir allows wells to deliver 45% of total EUR in 1 year 25…
Leading Operator with High Margins & Long-Duration Resource Base Adj. EBITDAX Margin(1) Levered FCF Margin(2) LFCF Margin 30% 73% 72% LTM Production Growth 40.0% 25% 29.1% 29% 21% 30.0% 20% 39% 20.0% 15% 11% 10% 10.0%…
Assets Located in Over Pressured Core of both Haynesville and Mid-Bossier Fairways Haynesville Mid-Bossier Eastern portion of play has highest productivity in the basin Vine leads industry in knowledge and development of Mid-Bossier…
Haynesvilles Industry Leading Breakeven Prices Lowest Cost Natural Gas in North America 45% of Vines EUR recovered in first year with average payout in 12-16 months leads to lower tail risk 3.81 Vine Haynesville Appalachia Other…
Top Tier Well Results Haynesville 7,500 Well Performance(1) Relative to Peers Mid-Bossier 7,500 Well Performance(1) Relative to Peers Top Haynesville rock quality Ideal location for Mid-Bossier co- Superior inventory development…
Significant Scale & Free Cash Flow Net Production (MMcfd) Adjusted EBITDAX (MM)(1) 944 529 892 428 692 693 2019 2020 Q4 '20 2019 2020 D&C Costs ( / lateral foot) Levered Free Cash Flow (MM)(2) 57 The Company has turned…
Superior Margins Create Levered Free Cash Flow Growth Leading Adj. EBITDAX Margins(1) (%) 73% 72% 69% 65% 63% 60% 51% Peer A Vine Peer M Peer N Peer O Peer P Peer Q Low Production Costs (/mcf) Among Gas Producers(2)…
Leading, Low-Cost G&A Footprint Total 2020 G&A Costs (/Mcfe) 0.21 0.21 0.13 0.14 0.12 0.11 0.08 0.05 (1) Vine Peer A Peer W Peer S Peer V Peer X Peer U Peer R Vines peer-leading G&A costs demonstrate…
Proximity to Key Demand Centers = Higher & Less Variable Prices Key Highlights Lower and Less Variable Differentials (0.15) (0.19) Appalachian gas is constrained; additional capacity facing strong (0.55) resistance (0.95)…
Extensive Basin Infrastructure = Low Cost Gathering & Transportation Proximity to Premier Gulf Coast Natural Gas Market Drives Competitive Economics Key Highlights Haynesville core located 100% in Louisiana allowing infrastructure…
Strong Balance Sheet, Financial Profile & Policies Leverage (Gas Peers) as of YE2020 5.4x 5.3x 4.2x 4.0x 3.2x 3.3x 2.5x 2.6x 2.7x 2.1x 2.0x 1.5x (2) (3) COG Vine CNX EQT AR SWN CRK RRC Public Company Scale with…
Active Hedging Strategy to Minimize Cash Flow Volatility Hedge Portfolio as of 12/31/2020 Obligated to hedge 70% of expected production for 24 months per our 2nd lien 3.20 Obligated to hedge 70% of PDP volumes for 24 months per our…
Pro Forma Capitalization 000s Pro Forma Pro Forma Maturity 12/31/2020 for IPO for Bond Refi Cash Balance 33,177 72,519 25,362 Secured Debt Vine New 350mm RBL Facility (1) Dec-24 0 28,000 58,000 Pre-IPO Vine RBL Facility Jan-23…
A Leading Haynesville Management Team Decades of experience in the Haynesville Industry leading results with a tangible outperformance against its peers across First mover to drive D&C efficiencies via optimized proppant loading and…
Vine: A Top-Tier Natural Gas Player Leading Operator with High Margins & Long-Duration Resource Base Significant Scale & Predictable Free Cash Flow Lower Commodity Price Volatility Relative to Peers Strong Balance Sheet &…
Annual Financial Performance (1 ) 2019 2020 Average Daily Production (MMcfd) (Mmcfd) 693 692 892 (in millions) Revenue Natural gas sales 560 571 Realized gain (loss) on commodity derivatives 50 162 T ota l revenue pre- unrea l i z…
Adjusted EBITDAX Reconciliations 2019 (1 ) 2020 (in millions) N et Incom e 62 ( 196) Income tax provision 0 0 Incom e Bef ore Incom e T a xes 63 ( 196) Unrealized gain (loss) on commodity derivatives (127) 205 Non-cash G&A 1 (0)…
Free Cash Flow Reconciliations 2019(1) 2020 (in millions) Operating Cash Flow 347 422 Less: Cash Flow from Investing Activities (430) (366) Levered Free Cash Flow(2) (83) 57 (1) 2019 reflects a simple sum of the Vine, Brix…
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