财务数据和关键指标变化 - 第四季度运营资金流达创纪录的3.22亿美元，主要由强劲的大宗商品价格驱动 [7] - 欧洲天然气价格在第四季度同比上涨约88%，TPS基准平均约为每mmbtu 39加元，12月底接近80加元 [7][8] - 第四季度E&D资本支出为1.46亿美元，自由现金流为1.76亿美元，净债务降至16亿美元 [9] - 第四季度净收益增至3.45亿美元，较上一季度增加4.92亿美元，主要由于运营资金流增加和对冲损失减少 [9] - 2021年全年运营资金流达创纪录的9.2亿美元，自由现金流为5.45亿美元，净债务减少3.65亿美元 [16] 各条业务线数据和关键指标变化 - 国际资产平均产量为29,123 BOE/天，占总产量的1/3，贡献了65%的运营资金流和76%的自由现金流 [11] - 荷兰Nijega井表现强劲，爱尔兰产量在计划检修后恢复，澳大利亚产量因计划检修而下降 [11] - 北美业务平均产量为55,295 BOE/天，在东南萨斯喀彻温省钻探并投产7口轻油井，在阿尔伯塔中部钻探14口凝析气井 [13] - 美国计划在怀俄明州钻探6口井，包括3口2英里横向井，经济效益显著高于1英里横向井 [14] 各个市场数据和关键指标变化 - 欧洲天然气价格持续上涨，2022年剩余时间远期价格超过每mmbtu 60美元，2023年约为30美元 [23] - 欧洲天然气需求预计增长，由于煤炭和核电站关闭以及可再生能源项目延迟，天然气被欧盟视为必要过渡燃料 [25] - 欧洲国内天然气供应持续下降，荷兰政府计划在2022年10月关闭Groningen气田，该气田曾是欧洲最大的天然气田 [26] - 欧洲40%的天然气依赖俄罗斯进口，近期地缘政治事件导致欧洲寻求能源来源多样化，Nord Stream 2管道项目暂停 [27] 公司战略和发展方向和行业竞争 - 公司优先事项为债务削减，2021年净债务与运营资金流比率从4倍降至1.8倍 [16] - 2021年完成超过7亿美元的战略收购，包括爱尔兰Corrib项目36.5%的权益，预计2022年自由现金流达5亿美元 [17][21] - 公司计划在2022年下半年达到12亿美元的中期债务目标后，增加股东回报，可能通过增加股息、股票回购或特别股息 [34] - 公司对欧洲天然气价格持长期看涨态度，将中期欧洲天然气价格假设从每mmbtu 8.5美元上调至12.5美元 [28] 管理层对经营环境和未来前景的评论 - 公司对乌克兰局势表示关切，计划向乌克兰人民捐款 [6] - 欧洲天然气市场因低库存、国内产量下降和地缘政治风险，预计将保持高波动性和结构性高价 [24][28] - 公司预计2022年运营资金流为23亿美元（对冲后）或32亿美元（未对冲），自由现金流为19亿美元（对冲后）或28亿美元（未对冲） [31] - 公司预计2022年底净债务降至4亿美元，净债务与运营资金流比率降至0.2倍 [32] 其他重要信息 - 2021年总探明加可能储量增长3%至4.81亿BOE，储量替代率为140%，储量寿命指数超过15年 [18][19] - 公司恢复季度股息，每股0.06加元，占2022年预计运营资金流的不到2% [33] - 公司执行董事长Lorenzo Donadeo将于2022年9月1日退休，Bob Michaleski将接任独立董事长 [37][38] 问答环节所有的提问和回答 问题: 业务的现金税负展望 - 2022年现金税负预计为9%-11%，爱尔兰因历史投资暂不征税 [45] 问题: 荷兰业务能否加速生产 - 荷兰计划2022年中钻探2口井，2023年上半年钻探3口井，目前无短期增产计划 [47][48] 问题: 股东回报机制 - 公司优先偿还债务，达到12亿美元债务目标后将考虑增加股息、股票回购或特别股息 [51][52] 问题: 欧洲监管机构是否鼓励增产 - 目前讨论尚早，公司计划增加荷兰技术团队，准备未来可能的增产需求 [55] 问题: 澳大利亚生产概况 - 澳大利亚计划2022年钻探2口井，预计单井初始产量超过1,500 BOE/天，产量将在下半年提升 [63][64] 问题: 欧洲天然气对冲策略 - 公司2022年欧洲天然气对冲比例为55%，计划增至75%，近期完成一笔每mmbtu 95加元的夏季互换交易 [72] 问题: 匈牙利和斯洛伐克业务风险 - 匈牙利计划2022年钻探3口井，斯洛伐克无近期计划，地缘政治风险目前可控 [75][77] 问题: 法国业务增产潜力 - 法国业务目前无增产计划，重点为修井和水驱管理 [81] 问题: 爱尔兰Corrib项目扩展潜力 - Corrib项目可通过优化气厂、修井和勘探周边区块延长寿命 [82][83][84]

NOVEMBER 10, 2021 | --- | --- | |-------------------------------------------------------------------------|-------| | VERMILION ENERGY | | | | | | 2021-Q3 CONFERENCE CALL | | | INTERNATIONALLY DIVERSIFIED \| FREE CASH FLOW FOCUSED \| ESG LEADERSHIP | | VERMILION ADVISORY 2 This presentation is for information purposes only and is not intended to, and should not be construed to constitute, an offer to sell or the solicitation of an offer to buy, securities of Vermilion. This presentation and its contents sho ...

Vermilion Energy, Inc. (NYSE:VET) Q3 2021 Earnings Conference Call November 10, 2021 11:00 AM ET Company Participants Curtis Hicks - President Dion Hatcher - VP, North America and Incoming President Conference Call Participants Harp Singh - Harp Investments Menno Hulshof - TD Securities Operator Good day, and welcome to the Vermilion Energy Quarter 3 Conference Call. Today's conference is being recorded. At this time, I would like to turn the conference over to President, Curtis Hicks. Please go ahead, sir. ...

AUGUST 2021 VERMILION ENERGY INVESTOR PRESENTATION INTERNATIONALLY DIVERSIFIED | FREE CASH FLOW FOCUSED | ESG LEADERSHIP VERMILION VERMILION'S KEY ATTRIBUTES 2 ► Compelling investment opportunity o Currently trading at one of the highest free cash flow yields amongst our peers (over 30%)*** ► Unique portfolio of internationally diversified assets o Exposure to global commodity price benchmarks reduces cash flow volatility o Will support the return to a dividend capital markets model (over $40/share of divid ...

APRIL 2021 VERMILION ENERGY INVESTOR PRESENTATION INTERNATIONALLY DIVERSIFIED | FREE CASH FLOW FOCUSED | ESG LEADERSHIP VERMILION VERMILION'S KEY ATTRIBUTES 2 ► Unique portfolio of internationally diversified assets o Exposure to global commodity price benchmarks reduces cash flow volatility o Will support the return to a dividend capital markets model (over $40/share of dividends from 2003 to early 2020) ► Long history of strong profitability and free cash flow generation o High margin, low decline assets ...

Vermilion Energy Inc. (NYSE:VET) Q4 2019 Earnings Conference Call March 6, 2020 11:00 AM ET Company Participants Anthony Marino - President & CEO Adam Iwanicki - Risk Manager & Marketing Director Lars Glemser - VP & CFO Conference Call Participants Dennis Fong - Canaccord Genuity Asit Sen - Bank of America Josef Schachter - Schachter Energy Research Jeremy McCrea - Raymond James Greg Pardy - RBC Capital Markets Mike Dunn - Stifel FirstEnergy Chris Varcoe - Calgary Herald Operator Ladies and gentlemen, thank ...

INTERNATIONALLY DIVERSIFIED SUSTAINABLE GROWTH AND INCOME ESG LEADERSHIP FEBRUARY 2020 ► International E&P with leading positions in Europe, North America and Australia ► Self-funded growth-and-income model ► Supported by business units that deliver high margins, low decline rates and strong capital efficiencies ► Each major business unit generates free cash flow with stable-to-growing production ► Record of consistent production growth to maximize free cash flow from high-return, conventional and semi-conv ...

INTERNATIONALLY DIVERSIFIED SUSTAINABLE GROWTH AND INCOME ESG LEADERSHIP DECEMBER 2019 VERMILION'S KEY ATTRIBUTES ► International E&P with leading positions in Europe, North America and Australia ► Self-funded growth-and-income model ► Supported by business units that deliver high margins, low decline rates and strong capital efficiencies ► Each major business unit generates free cash flow with stable-to-growing production ► Record of consistent production growth to maximize free cash flow from high-return, ...

INTERNATIONALLY DIVERSIFIED SUSTAINABLE GROWTH AND INCOME ESG LEADERSHIP Q3 2019 Conference Call OCTOBER 31, 2019 ADVISORY 2 This presentation is for information purposes only and is not intended to, and should not be construed to constitute, an offer to sell or the solicitation of an offer to buy, securities of Vermilion. This presentation and its contents should not be construed, under any circumstances, as investment, tax or legal advice. Any person accepting delivery of this presentation acknowledges th ...

Vermilion Energy, Inc. (NYSE:VET) Q3 2019 Earnings Conference Call October 31, 2019 2:00 PM ET Executives Kyle Preston - Director of IR Anthony Marino - President, CEO Michael Kaluza - EVP, COO Lars Glemser - VP, CFO Analysts Patrick O'Rourke - AltaCorp Capital Operator Ladies and gentlemen, thank you for standing buy and welcome to the Vermilion Energy Inc. Third Quarter 2019 Earnings Results Conference call. At this time, all participants are in a listen-only mode. After the speakers presentation, there w ...