Ventura Offshore (VTURA) Pareto Securities' 33rd Annual Energy Conference presentation summary

Company overview and recent achievements

• Over 28 years of offshore operational experience across Brazil, India, Angola, Vietnam, and Indonesia.

• Owns three 6G units and manages two 7G drillships, supporting scalable rig activity.

• Secured $86m in new backlog from Eni and $640m in contract extensions for three rigs.

• Entered a $58m contract with Petronas in Indonesia and received a $250m bridge facility.

• Shares admitted to trading on Euronext, expanding capital market access.

Fleet and contract status

• Operates and manages a fleet of 6G and 7G rigs, with contracts extending to 2033.

• Major clients include Petrobras, Eni, and Petronas, with operations in Brazil and Indonesia.

• Total firm contract backlog stands at $978m as of June 30, 2026.

• Significant contract options and extensions in place, supporting long-term revenue visibility.

Financial highlights

• Last 12 months adjusted revenue of $230.9m and adjusted EBITDA of $85m.

• Free cash position of $105.2m and outstanding bond loan of $190m.

• Daily OPEX for owned rigs at $109.5k, reflecting operational efficiency.

• Analyst target prices indicate significant upside potential from current share price.