Investor Presentation May 2025 Vitesse is the French word for velocity. VTS represents the velocity of capital compounding.
Disclaimer Forward Looking Statements This presentation contains forward-looking statements regarding future events and future results that are subject to the safe harbors created under the Securities Act of 1933 and the Securities…
Vitesse is A Long 80%+ of assets comprised Duration of undeveloped locations Asset High 11% fixed dividend yield(1) Yielding Inflation Oil-weighted asset offers Protected outsized beta to inflation Leveraged to Undeveloped…
Returns-Based Capital Allocation Framework Near-Term Fixed Organic Development Asset Share Debt Dividend(1) Capex Acquisitions Acquisition Buybacks Paydown 0.5625 per Share Deep Inventory Strategy Demonstrated Opportunistic Target…
Vitesse Asset Overview Vitesse is a predominantly non-operated working and mineral interest owner of oil and gas assets primarily in the Bakken oil field in North 15.0 17.0 64 - 68% (1) Dakota MBoe/d (1) 2025E Oil Weighting 2025E Net…
Acreage in the Core of the Williston Basin with Exposure to Leading Operators Diversification across 30+ operators and 7,300+ producing wells means no single well can make or break Vitesses results Historically, Vitesse participates in…
Our Proprietary Processes Enable Us to Scale Assets Without Adding G&A Data Modeling Proactive Asset Management Because there is no off-the-shelf software for Vitesse uses data from Luminis to Vitesse has a forensic team of in-house…
Investment Highlights Significant Free Cash Flow Limited capex required to keep production flat, supporting free cash flow Dividend Payer 0.5625 per share quarterly dividend High Quality and Long Duration Asset 80%+ of assets comprised of…
Appendix
Reconciliation of 1P PV-10 and PDP PV-10 (Non-GAAP Financial Measures) ( in thousands) 2024 Standardized measure 506,331 Plus: Federal income taxes, discounted at 10% 80,259 Plus: Lucero 1P PV-10 219,697 1P PV-10 (non-GAAP) 806,287…