2024 SUMMARY Production exceeded the mid-point of initial 2024 2023 % guidance North America (boe/d) 53,542 56,257 (5%) Generated 1.2 Billion of FFO (7.63/share) and International (boe/d) 31,001 27,737 12% 583MM of FCF (3.69/share)…
2024 RESERVES RESERVE LIFE INDEX 18 16 14 RLI (YEARS) 12 10 8 6 4 2 - 2015 2016 2017 2018** 2019 2020 2021 2022 2023 2024 PDP - RLI* 1P - RLI* 2P - RLI* PDP Average 1P Average 2P Average Proved Developed Producing Proved…
Q4 2024 SUMMARY Q4 2024 Q3 2024 % Q4 2024 production included planned third-party turnaround activity and partial shut-in of some North America (boe/d) 52,293 53,936 (3%) Canadian gas in response to weak AECO prices International…
Q4 2024 OPERATIONAL HIGHLIGHTS Q4 2024 International production averaged 31,243 boe/d PRODUCTION o Progressed facility construction and tie-in operations on the successful Osterheide well in INTL Germany 37% N.A. 63% o Completed…
SIGNIFICANT EUROPEAN GAS DISCOVERY Wisselshorst well (64% WI) o Significant discovery of 68 Bcf (43 Bcf net)(1) o High potential for material follow-up wells o Two zones tested at a combined 41 mmcf/d(2) and 6,200 psi o Vermilions…
WESTBRICK ACQUISITION OVERVIEW Vermilion acquired Westbrick Energy Ltd. for total consideration of 1.075 billion Contiguous land and infrastructure footprint is complementary to Vermilions legacy Deep Basin assets o 1.1 million…
IMPROVED DEEP BASIN DRILLING ECONOMICS Improved operational scale of Vermilion's core Deep Basin asset enables lower costs and improved full-cycle margins Upper Cretaceous o Acquisition lands attract capital within pro forma…
FINANCIAL LEVERAGE HISTORICAL NET DEBT TO FFO CURRENT CREDIT CAPACITY(2) 4.0x 3.5x 572MM 3.0x Available Liquidity NET DEBT TO FFO RATIO(1) of 1,000MM 2.5x Committed to 572MM 2.0x returning to 1.0x leverage 1.5x 350MM…
NON-CORE ASSET DIVESTMENTS Launched formal sales process for Southeast Saskatchewan and Wyoming assets High-quality assets with strong retention values o Saskatchewan 10,000 boe/d (85% liquids) with moderate declines and…
FINANCIAL OUTLOOK 11 11
GLOBAL GAS PRODUCER Q3 2024 PF REALIZED NATURAL GAS PRICE Vermilion is a global gas producer, with 5 liquids-rich gas in Western Canada and premium-priced European gas REALIZED NATURAL GAS PRICE (/MCF) 4 Direct exposure to…
OUTLOOK Category 2024 Actuals(1) 2025 Guidance(1) Updated 2025 production and capex guidance following close of Westbrick acquisition Production (boe/d) 84,543 125,000 - 130,000 2025 capital budget of 730 to 760 million E&D capital…
STRONG FINANCIAL POSITION NET DEBT VS FFO(1) 2,000 125 130 150 mboe/d 125 PRODUCTION (000 BOE/D) 1,500 100 MM 1,000 75 50 500 25 0 0 2023 2024 2025e Net Debt to Trailing FFO 0.9x 0.8x 1.5x FFO (/basic share) 6.98…
IMPACTFUL RETURN OF CAPITAL ANNUAL DIVIDEND PER SHARE VS. SHARE COUNT 0.80 165 SHARES OUTSTANDING (MM) DIVIDENDS PER SHARE 0.60 160 0.40 155 0.20 150 0.00 145 2022 2023 2024 2025e Annualized Dividend per Share…
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