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Permian Delaware Acquisition – Vital Energy, Inc.

Vital Energy, Inc. · Jul 28, 2024 · 10 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. Permian Delaware Acquisition – Vital Energy, Inc. – slide 1
    Accretive Bolt-on Expands Delaware Basin Position July 28, 2024
  2. Permian Delaware Acquisition – Vital Energy, Inc. – slide 2
    Bolt-On Expands Delaware Basin Position ATTRACTIVELY PRICED, Delaware Basin Midland Basin 1 IMMEDIATELY ACCRETIVE TX Howard Loving Winkler Loving Winkler Midland Glasscock SUB-50 WTI BREAKEVEN INVENTORY Ward 2 ENHANCES…
  3. Permian Delaware Acquisition – Vital Energy, Inc. – slide 3
    Attractively Priced Transaction Highly Accretive to Key Metrics 2.4x 1.4 MM 1.16 B Purchase Price NTM1 Price per PV-10 Proved Reserves2,3 Consolidated EBITDAX2,4 Multiple Undeveloped Location 60.6 MMBOE (66% Oil) 15% 20% 30%…
  4. Permian Delaware Acquisition – Vital Energy, Inc. – slide 4
    Adds High-Value, Low-Breakeven Delaware Basin Inventory Highly Productive, Low-Breakeven Inventory WCA 200 Primary targets in 3BS, WCA and WCB underpin underwritten value 3BS Shale WCB 68 gross (49 net) locations with avg.…
  5. Permian Delaware Acquisition – Vital Energy, Inc. – slide 5
    Strong Capital Structure Enables Financing Under Expanded Credit Facility Transaction Value, MM Drives 30% increase in expected NTM Adjusted FCF1 at closing (MM) VTLE NOG Total Projected to reduce leverage to 1.3x within 12 months…
  6. Permian Delaware Acquisition – Vital Energy, Inc. – slide 6
    Accretive Transaction Creates Immediate Value Highly accretive to Adjusted FCF1, Consolidated EBITDAX1 and production 92% of transaction purchase price supported by PDP reserves and work-in-process wells Transaction multiple of…
  7. Permian Delaware Acquisition – Vital Energy, Inc. – slide 7
    Appendix
  8. Permian Delaware Acquisition – Vital Energy, Inc. – slide 8
    Active Hedge Program Protecting Adjusted Free Cash Flow and Returns 1Hedges executed as of July 19, 2024. 9
  9. Permian Delaware Acquisition – Vital Energy, Inc. – slide 9
    Supplemental Non-GAAP Financial Measures Adjusted Free Cash Flow Adjusted 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…
  10. Permian Delaware Acquisition – Vital Energy, Inc. – slide 10
    Common Stock Outstanding June 30, May 3, December 31, December 31, 2024 2024 2023 2022 Common Stock Outstanding 38,164,905 36,659,581 35,413,551 16,762,127 2.0% Cumulative Mandatorily Convertible Series A Preferred Stock…

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