Vermilion Energy Financial and Operational Overview

VERMILION ENERGY 2.5x 2.0x 1.5x 1.0x 0.5x RELATIVE PDP RECYCLE RATIO 3-YEAR PROVED DEVELOPED PRODUCING (PDP) FD&A RECYCLE RATIOS* 0.0x VET YGR WCP BIR TOG CR ERF ARX NVA GXE CPG IPO BTE TOU PONY TVE VII KEL LXE HIGH NETBACKS AND STRONG CAPITAL EFFICIENCIES DRIVE INDUSTRY LEADING RECYCLE RATIOS AND PROFITABILITY * ATB Capital Markets research, August 2020. Proved Developed Producing (PDP) FD&A recycle ratio = Avg. 2017-2019 Operating netback (excl. hedging) divided by PDP FD&A. PDP FD&A = Net 2017-2019 capital expenditures divided by the change in PDP reserves excluding 2017-2019 production. VET: TSX TSX WW NYSE 13

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