Vermilion Energy Financial and Operational Overview
$MM*
VERMILION
ENERGY
FREE CASH FLOW
$1,000
$900
FREE CASH FLOW GENERATION
A 10% increase in global
commodity prices would
generate approximately
$100MM of incremental FCF**
$800
$700
$600
$500
FCF =
$400
FFO less
$300
CAPEX
$200
$100
$0
2016
■FFO
2017
■ E&D CAPEX
2018
2019
2020E*
■FFO FORECAST
E&D CAPEX GUIDANCE
SINCE 2016 WE HAVE REINVESTED -60% OF FFO INTO E&D CAPEX AND GENERATED OVER $1.3 BILLION OF FCF
*Company estimates as at November 23, 2020. 2020 FFO estimate based on 10 months of actuals, remainder of year at November 23, 2020 strip pricing and noted oil differentials: Brent (US$/bbl) $41.13; WTI US$38.96/bbl; LSB = WTI less US$5.27/bbl; TTF $4.09/mmbtu; AECO
$2.24/mmbtu; CAD/USD 1.34; CAD/EUR 1.53 and CAD/AUD 0.92. FFO based on the mid-point of our 2020 production guidance range. Refer to the "FFO Sensitivity" slide in the Supplemental Information section of this presentation for more details on pricing assumptions. Includes
C$6.12/mmbtu; AECO C$3.03/mmbtu.
existing hedges. FCF presented as FO less the mid-point of our E&D Capital Guidance range. * Sensitivty assumes our production guidance and applying a 10% change to the 2021 annual average forward commoditystrip as of November 2, 2020: WTI US$38.73b): VET: TSX NYSE
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