Jefferies Financial Group Investor Day Presentation Deck
Vitesse Energy reconciliation of Net Debt and Net Debt-to-Adjusted
EBITDA Ratio (non-GAAP measures)
($ Millions except Net debt-to-adjusted EBITDA ratio)
Revolving Credit Facility (GAAP)
Less: Cash
Net Debt (non-GAAP)
Net Debt (non-GAAP)
Adjusted EBITDA(1)
Net debt-to-adjusted EBITDA ratio
11/30/19
$104
$2
$102
11/30/19
$102
$109
0.9
Fiscal Year Ended
11/30/20
$99
$2
$97
76
Fiscal Year Ended
11/30/20
$97
$64
1.5
11/30/21
$68
$3
$65
11/30/21
$65
$102
0.6
9M Ended
8/31/22
$66
$8
$58
12M Ended
8/31/22
$58
$158
0.4
Note: The above tables reconcile certain Vitesse Energy non-GAAP financial information to their respective U.S. GAAP measures. Vitesse Energy believes that the disclosed non-GAAP measures and any adjustments thereto, when presented in conjunction with comparable U.S. GAAP
measures are useful to investors as they enable investors to evaluate Vitesse Energy results through the eyes of management. These measures should not be considered a substitute for, or superior to, measures of financial performance prepared in accordance with U.S. GAAP.
(1) Adjusted EBITDA is a non-GAAP financial measure. See Appendix on page 75 for reconciliation to GAAP amounts.
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