Vermilion Energy Financial and Operational Overview
VERMILION
ENERGY
RE-FOCUSING ON VERMILION'S
CORE BUSINESS PRINCIPLES
*
Maintain a strong balance sheet with low financial leverage
Targeting a Debt-to-Cash Flow ratio of less than 1.5x
Manage total payout ratio at less than 100%
Reduced cash outflows by over $550 million to-date, or approximately 30% of
initially planned 2020 cash outflows*
► Consistently deliver results to all stakeholders that meet or exceed
expectations
Protect equity and minimize dilution
Review shareholder return policy and determine the appropriate time to
reinstate dividend and/or share buyback
Maintain a strong corporate culture
Continue to navigate the Company through COVID-19 with a primary focus on
HSE and business continuity while strengthening our ESG leadership role
OUR DECISIONS AND STRATEGY ARE GUIDED BY OUR CORE BUSINESS PRINCIPLES
VERMILION
ENERGY
*Represents reductions in cash dividends, exploration and development capital expenditures, operating and general and administrative expenses from our initial 2020 budget.
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