Vitesse (VTS) Investor presentation summary

Asset portfolio and operational overview

• Holds predominantly non-operated working and mineral interests in oil and gas, mainly in the Bakken field, North Dakota, with additional positions in the Powder River and DJ Basins.

• Portfolio includes interests in 7,859 productive wells and over 200 net undeveloped two-mile-equivalent locations, supporting approximately 25 years of drilling inventory.

• Diversified across 30+ operators, reducing single-well risk and providing exposure to leading industry players.

• 80%+ of assets are undeveloped resources, offering significant future development potential.

• 2026 estimated net production is 16.0–17.5 MBoe/d, with capex guidance of $50–$80 million.

Financial performance and capital allocation

• Maintains a fixed quarterly dividend of $0.4375 per share, equating to a 9% yield based on recent share price.

• Targets net debt/adjusted EBITDA below 1.0x, with a history of prudent leverage and risk management.

• Demonstrates a track record of over 200 acquisitions and divestitures totaling more than $795 million.

• Approved a $60 million share repurchase program and prioritizes debt paydown.

• 2025 year-end 1P PV-10 is $473 million and PDP PV-10 is $413 million, reflecting strong asset value.

Technology and operational efficiency

• Proprietary Luminis data system centralizes information, enabling scalable asset management and data-driven decision-making.

• AI and chat bot tools help identify trends and provide immediate data insights, supporting operational efficiency.

• Technology enables management of thousands of wells without increasing general and administrative costs.