Valeura Energy (VLE) Corporate presentation summary

Strategic priorities and growth focus

• Emphasis on maximizing cash flow from an organic portfolio and reinvesting to grow reserves through near-field exploration and development of underexploited opportunities.

• Operational excellence driven by experienced leadership, efficiency, and high HSE standards.

• Inorganic growth targeted through accretive M&A, focusing on producing or near-term cash-flowing assets in Southeast Asia.

• Robust risk management, resilient balance sheet, and strict screening for value creation.

Portfolio and operational highlights

• Material producing portfolio in Thailand, including Jasmine, Nong Yao, Wassana, and Manora fields, with ongoing expansions and redevelopment projects.

• Q2 2026 production averaged ~22,300 bbl/d, with new drilling results exceeding expectations and major redevelopment at Wassana ahead of schedule.

• Nong Yao and Jasmine fields have seen significant reserves growth and production exceeding initial expectations.

• Wassana redevelopment to increase production from 3 to 10 mbbls/d, with new central processing platform and robust project economics (40% IRR, 18-month payback at $60/bbl).

Financial performance and liquidity

• Q2 2026 net revenue reached $260 million, with after-tax cash flow from operations of $154 million and free cash flow of $105 million.

• Cash balance at $316 million with no debt; substantial liquidity supported by a $75 million revolving credit facility expandable by $250 million.

• Share buybacks and anti-dilution purchases executed to reduce share count and offset dilution.