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4Q 2022 Earnings Presentation – Vital Energy, Inc.

Vital Energy, Inc. · Feb 21, 2023 · 18 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. 4Q 2022 Earnings Presentation – Vital Energy, Inc. – slide 1
    4Q-22 and FY-22 Earnings Presentation
  2. 4Q 2022 Earnings Presentation – Vital Energy, Inc. – slide 2
    Strong 2022 Performance Free Cash Flow1 MM Leverage 0.0x Generated Company-Record FCF1 and Consolidated EBITDAX1 FY-22 FCF of 220 million and FY-22 Consolidated EBITDAX of 913 million 220 2.14x 1.18x Reinvested 70% of operating cash…
  3. 4Q 2022 Earnings Presentation – Vital Energy, Inc. – slide 3
    Disciplined Strategy Underpins Long-Term Value Creation Pure-Play Midland Basin Producer Inventory Locations2 Howard 115 Maintain Capital Discipline Howard 31,750 net acres W. Glasscock E. Glasscock 295 35 35.9 MBoe/d 73%…
  4. 4Q 2022 Earnings Presentation – Vital Energy, Inc. – slide 4
    Howard County Activity Driving 2023 Oil Production 2023 / 2024 Activity Inventory Locations1 Average Well Performance2 92 200 North N. Howard (WC-A / LSS / MS) C. Howard (WC-A / LSS) 37%, MS 175 Howard 35%, LSS Central 23 150…
  5. 4Q 2022 Earnings Presentation – Vital Energy, Inc. – slide 5
    W. Glasscock County Supports Sustainable FCF Generation 2023 / 2024 Activity Inventory Locations1 Average Well Performance2 150 295 WC-A LSS WC-D 22%, LSS Combined (WC-A / LSS / WC-D) 125 32%, WC-A Glasscock 46%, WC-D…
  6. 4Q 2022 Earnings Presentation – Vital Energy, Inc. – slide 6
    Wolfcamp D in Glasscock County Extends Oil-Weighted Inventory Average Well Performance by Completion Design1 Wolfcamp D Producing Wells 150 VTLE W. Glasscock 1,500 /ft VTLE E. Glasscock 1,500 /ft VTLE < 1,500 /ft 125 Production…
  7. 4Q 2022 Earnings Presentation – Vital Energy, Inc. – slide 7
    Recently Announced Acquisition Expands Footprint into Upton County Acquisition Overview Strong Well Performance1 Enhances Portfolio Depth Acquiring assets of Driftwood Energy Operating, LLC 200 N. Howard C. Howard Inclusive of all…
  8. 4Q 2022 Earnings Presentation – Vital Energy, Inc. – slide 8
    Proved Reserves Underpin Company Value Proved Reserves Components YE-22 PV-10 Reserve Value Sensitivity MM1 PUD 5,464 PD TEV3 4,022 1,322 3,325 PUD Natural 2,631 928 26% Gas Oil 665 30% 410 39% PD 2,221 2,661 3,094 4,142…
  9. 4Q 2022 Earnings Presentation – Vital Energy, Inc. – slide 9
    Capital Efficient 2023 Development Program Full Year Capital Program Development Operated Activity Operated Turn-in-Lines 19 Guidance FY-23E Rig Count Frac Crews 18 Corporate Capital Expenditures MM 625 - 675 7% Facilities & Land 2…
  10. 4Q 2022 Earnings Presentation – Vital Energy, Inc. – slide 10
    Free Cash Flow Driving Return of Capital and Debt Reductions Current Debt Maturity Profile3 220 million Borrowing Base 1,300 MM FY-22 Free Cash Flow1 865 Elected Commitment 1,000 MM Term Debt2 1,054 MM 1.18x YE-22 Net Debt to…
  11. 4Q 2022 Earnings Presentation – Vital Energy, Inc. – slide 11
    Hedge Book Structured to Maintain Exposure to Higher Prices Current Hedge Book1 Volumes Hedged2 1Q-23 2Q-23 3Q-23 4Q-23 FY-23 FY-24 Crude Oil Volumes Crude Oil (Volume in MBO: Price in /BBO): WTI Collars 1,949 2,002 828 828 5,607 -…
  12. 4Q 2022 Earnings Presentation – Vital Energy, Inc. – slide 12
    Leadership in a Low-Carbon Future OUR ENVIRONMENTAL…
  13. 4Q 2022 Earnings Presentation – Vital Energy, Inc. – slide 13
    We are Vital Energy Our We strive to make energy available, sustainable and abundant to power peoples prosperity, security and Company dreams for the future. Our Since our founding we have sought new and better ways Legacy to…
  14. 4Q 2022 Earnings Presentation – Vital Energy, Inc. – slide 14
    Appendix
  15. 4Q 2022 Earnings Presentation – Vital Energy, Inc. – slide 15
    1Q-23 & FY-23 Guidance Guidance Commodity Prices Used for 1Q-23 1Q-23 FY-23 Jan-23 Feb-23 Mar-23 1Q-23 Avg. Production: Crude Oil: Total Production (MBOE/D) 72.5 76.5 72.0 - 76.0 WTI NYMEX (/BBO) 78.16 77.10 76.60 77.29 Crude Oil…
  16. 4Q 2022 Earnings Presentation – Vital Energy, Inc. – slide 16
    Supplemental Non-GAAP Financial Measures Consolidated EBITDAX (Credit Agreement Calculation Unaudited) Consolidated EBITDAX is a non-GAAP financial measure defined in the Companys Senior Secured Credit Facility as net income or loss…
  17. 4Q 2022 Earnings Presentation – Vital Energy, Inc. – slide 17
    Supplemental Non-GAAP Financial Measures PV-10 (Unaudited) PV-10 is a non-GAAP financial measure that is derived from the standardized measure of discounted future net cash flows, which is the most directly comparable GAAP financial…
  18. 4Q 2022 Earnings Presentation – Vital Energy, Inc. – slide 18
    Supplemental Non-GAAP Financial Measures Net Debt (Unaudited) Net Debt, a non-GAAP financial measure, is calculated as the face value of long-term debt plus any outstanding letters of credit, less cash and cash equivalents. Management…

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