Vermilion Energy (VET) Investor presentation summary

Key financial highlights

• Q1 FY25 total revenue reached $36.7 million, reflecting 3% year-over-year growth.

• Software revenue was $30.9 million, also up 3% year-over-year.

• Non-GAAP gross margin remained strong at 75%.

• Adjusted EBITDA margin was negative 14%.

• 318 customers generated over $100,000 in LTM total revenue.

Market trends and industry challenges

• Productivity data is projected to grow from 22 ZB in 2024 to over 146 ZB by 2029, a 46% CAGR.

• Litigation time-to-close has increased by 60% due to discovery demands.

• Annual litigation spend has risen 64% to over $360 billion.

• Discovery accounts for more than 50% of litigation costs.

• Law firms face pressure from increasing data volume, case complexity, and client demands for speed, cost, and security.

Product and technology differentiation

• Platform streamlines litigation from fact investigation to document review using AI-powered technology.

• Intuitive interface and real-time case theory validation enhance legal workflows.

• Supports all stages of litigation, including data preservation, collection, review, and trial.

• AI enables review of over 3,800 documents per hour, equivalent to 140 people.

• Enterprise-grade platform designed for large, sensitive litigation matters.