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November 2023 Investor Presentation – Vital Energy, Inc.

Vital Energy, Inc. · Nov 30, 2023 · 19 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. November 2023 Investor Presentation – Vital Energy, Inc. – slide 1
    November 2023 Investor Presentation
  2. November 2023 Investor Presentation – Vital Energy, Inc. – slide 2
    Disciplined Permian Basin Producer Company Summary2 Midland GENERATE FREE CASH FLOW1 Net Acres 250,000 TX 4Q-23E Total Production 101.8 105.8 MBOE/d Howard Co. REDUCE % Oil 48% DEBT AND LEVERAGE Inventory Locations 725…
  3. November 2023 Investor Presentation – Vital Energy, Inc. – slide 3
    Exceptional Third-Quarter 2023 Performance Oil Production, MBO/d 91 million 214 million Guidance Range 45.5 - 48.5 Free Cash Flow1 Cash Flows from Operating Activities 3Q-23A 49.0 1 Continued execution of acquisition strategy…
  4. November 2023 Investor Presentation – Vital Energy, Inc. – slide 4
    Strong Operational Performance and Accretive Transactions Enhance Outlook Oil Production, MBO/d Free Cash Flow1,2, MM 53.0 - 57.0 355 49.0 47.9 - 50.9 44.4 45.0 - 45.7 38.5 210 91 61 60 -4 1Q-23A 2Q-23A 3Q-23A 4Q-23E FY-23E…
  5. November 2023 Investor Presentation – Vital Energy, Inc. – slide 5
    Acquisition Strategy Builds Scale and Extends High-Value Inventory Strong Oil Production Growth, MBO/d 2019 - 22 2023 Acquisitions E. Glasscock / Reagan 53.0 - 57.0 Howard & W. Glasscock Co. Upton & S. Reagan Co. 45.0 - 45.7 2019: 2…
  6. November 2023 Investor Presentation – Vital Energy, Inc. – slide 6
    Dual Basin Footprint Enables Optimization of High-Return Development Midland Delaware Midland Combined TX Howard Co. Asset Summary Glasscock Co. Midland Co. Net Acres 69,050 181,700 250,750 Delaware Inventory Locations 200…
  7. November 2023 Investor Presentation – Vital Energy, Inc. – slide 7
    Successful Integration of Recent Acquisitions New Wells Outperforming Expectations Lower Well Costs, Improving Operations Delaware Basin Forge 100 29% Outperformance DC&E Capital, MM Historical Production per Well (MBO) Recent…
  8. November 2023 Investor Presentation – Vital Energy, Inc. – slide 8
    Strong Financial Structure and Cash Flows Protected by Robust 2024 Hedges Active Hedge Program FY-24E Oil Production Hedged2 90% of anticipated 2024 oil volume hedged at 75 WTI 92% 2024 Free Cash Flow targeted for debt reduction 1…
  9. November 2023 Investor Presentation – Vital Energy, Inc. – slide 9
    2022 Sustainability Highlights Significant Progress Toward Our Environmental Targets Social and Governance Highlights Category 2019 Baseline Target 2022 Performance Target Status Safety by below 12.5 0 Employee safety incidents…
  10. November 2023 Investor Presentation – Vital Energy, Inc. – slide 10
    Investment Opportunity Driven by Expected Value Creation in 2024 Oil Production, MBO/d Free Cash Flow1,2, MM PROVEN TRACK RECORD OF EXECUTING ACCRETIVE TRANSACTIONS 53.0 - 57.0 355 GROWING 28.4 FREE CASH FLOW1 60 SUPPORTED…
  11. November 2023 Investor Presentation – Vital Energy, Inc. – slide 11
    Appendix
  12. November 2023 Investor Presentation – Vital Energy, Inc. – slide 12
    4Q-23 & FY-23 Guidance Guidance Commodity Prices Used for 4Q-23 4Q-23 FY-23 Oct-23 Nov-23 Dec-23 4Q-23 Avg. Production: Crude Oil: Total Production (MBOE/D) 101.8 - 105.8 93.6 - 94.6 WTI NYMEX (/BBO) 85.82 85.26 84.40 85.16 Crude…
  13. November 2023 Investor Presentation – Vital Energy, Inc. – slide 13
    Active Hedge Program Protecting Free Cash Flow and Returns 4Q-23 1Q-24 2Q-24 3Q-24 4Q-24 FY-24 1Q-25 2Q-25 3Q-25 4Q-25 FY-25 WTI Swaps 2,760 4,571 4,387 4,802 4,525 18,286 1,530 1,547 184 184 3,445 Price 75.82 73.37 74.56 76.85 76.66…
  14. November 2023 Investor Presentation – Vital Energy, Inc. – slide 14
    Common Stock Outstanding Conversion of 2.0% Cumulative Mandatorily Convertible Series A Preferred Stock On November 29, 2023, each outstanding share of Series A Preferred Stock will automatically convert into one (1) share of common…
  15. November 2023 Investor Presentation – Vital Energy, Inc. – slide 15
    Supplemental Non-GAAP Financial Measures Free Cash Flow Free Cash Flow is a non-GAAP financial measure that the Company defines as net cash provided by operating activities (GAAP) before net changes in operating assets and liabilities…
  16. November 2023 Investor Presentation – Vital Energy, Inc. – slide 16
    Supplemental Non-GAAP Financial Measures Consolidated EBITDAX Consolidated EBITDAX is a non-GAAP financial measure defined in the Company's Senior Secured Credit Facility as net income or loss (GAAP) plus adjustments for share-settled…
  17. November 2023 Investor Presentation – Vital Energy, Inc. – slide 17
    Supplemental Non-GAAP Financial Measures Consolidated EBITDAX The following table presents a reconciliation of net income (GAAP) to Consolidated EBITDAX (non-GAAP) for the periods presented: Trailing Twelve Months ended (in thousands,…
  18. November 2023 Investor Presentation – Vital Energy, Inc. – slide 18
    Supplemental Non-GAAP Financial Measures Consolidated EBITDAX The following table presents a reconciliation of net cash provided by operating activities (GAAP) to Consolidated EBITDAX (non-GAAP) for the periods presented: Trailing…
  19. November 2023 Investor Presentation – Vital Energy, Inc. – slide 19
    Supplemental Non-GAAP Financial Measures Net Debt Net Debt is a non-GAAP financial measure defined in the Companys Senior Secured Credit Facility as the face value of long-term debt plus any outstanding letters of credit, less cash and…

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