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Q4 2012 EARNINGS CAL – YPF S.A.

YPF S.A. · Mar 12, 2013 · 18 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Q4 2012 EARNINGS CAL – YPF S.A. – slide 1
    Full Year 2012 & 4th Quarter 2012 Earnings Webcast March 2013
  2. Q4 2012 EARNINGS CAL – YPF S.A. – slide 2
    Highlights 2012 - Upstream Stabilized upstream production, establishing the base for future growth Total hydrocarbon production Crude oil production Natural gas production (y.o.y. variation) (y.o.y. variation) (y.o.y. variation)…
  3. Q4 2012 EARNINGS CAL – YPF S.A. – slide 3
    Highlights 2012 - Downstream Increased downstream activity to match local demand growth Refinery throughput (kbbl/d) +4.9% +1.4% 299 284 288 285 2011 2012 2H 2011 2H 2012 5
  4. Q4 2012 EARNINGS CAL – YPF S.A. – slide 4
    Highlights 2012 - Revenues Healthy and diversified revenue growth Revenues (ARS million) Revenues by product 67,174 +19.5% 11% Gasoline 19% Diesel 10% Natural gas 4% JP1 56,211 3% LPG 3% Fuel Oil 41% Petrochemicals 1 2%…
  5. Q4 2012 EARNINGS CAL – YPF S.A. – slide 5
    Highlights 2012 - Financial Results Strong annual results; particularly in operating cashflow Operating cashflow (ARS million) EBITDA (ARS million) Net income (ARS million) (*) 17,301 18,053 4,445 - 12.2% +36.4% 3,902 +21.3%…
  6. Q4 2012 EARNINGS CAL – YPF S.A. – slide 6
    Highlights 2012 - Financial Results (cont.) Extended debt maturities at competitive rates In million of ARS 2,737 17,301 4,747 1,112 -16,403 Cash and equivalents Cashflow from Net financing Capex (2) Cash and equivalents…
  7. Q4 2012 EARNINGS CAL – YPF S.A. – slide 7
    Highlights 2012 - Reserves and activity Dramatic increase in drilling activity should result in future reserve growth Reserve adds (million BOEs) Active drilling rigs Today 49 rigs RRR 86% 106% 59% 46 153 +80% 107 26 46…
  8. Q4 2012 EARNINGS CAL – YPF S.A. – slide 8
    Highlights 2012 - Vaca Muerta Exploration Update 2012 Exploration activity Continued full Vaca Muerta delineation confirming our model; in Vaca Muerta thus understanding the oil / wet gas / dry gas windows Gas Oil Vaca Muerta…
  9. Q4 2012 EARNINGS CAL – YPF S.A. – slide 9
    Highlights 2012 Vaca Muerta Development Update Shale wells Qi evolution Progress towards finding the key to turn Vaca Muerta 45 Oil average Qi, M3/d into a highly profitable shale development 40 35 30 25 First Vaca Muerta reservoir…
  10. Q4 2012 EARNINGS CAL – YPF S.A. – slide 10
    2012 Financial Results Increased operating income despite negative results from controlled affiliates In million of ARS 9 579 2,154 7,903 7,188 -611 -1,416 2011 Upstream Others Chemicals Controlled Refining and 2012…
  11. Q4 2012 EARNINGS CAL – YPF S.A. – slide 11
    Q4 2012 Operating Income Operating income reached ARS 1,846 million during Q4 2012, 81.5% above same period of 2011 In million of ARS 3,950 72 -1,714 -484 1,846 -461 1,017 -415 -119 4Q 2011 Revenues Exploration Costs…
  12. Q4 2012 EARNINGS CAL – YPF S.A. – slide 12
    Q4 2012 Upstream Results Upstream operating income was ARS 1,194 million in Q4 2012, due to higher revenues driven by an increase in crude oil and natural gas prices In million of ARS 1,797 12 -864 1,194 -328 -109 740 -39…
  13. Q4 2012 EARNINGS CAL – YPF S.A. – slide 13
    Q4 2012 Downstream Results Higher crude oil prices negatively impacted operating income despite increased volumes and prices In million of ARS 2,606 29 1,227 -2,536 805 -289 -165 -67 4Q 2011 Revenues Others(1) Purchases…
  14. Q4 2012 EARNINGS CAL – YPF S.A. – slide 14
    Q4 2012 Chemicals Results Higher exports of methanol, alcohol and solvents increased revenues during Q4 2012 In million of ARS 394 -193 351 -60 251 -39 -2 4Q 2011 Revenues Purchases SG&A Production costs DD&A 4Q 2012…
  15. Q4 2012 EARNINGS CAL – YPF S.A. – slide 15
    Q4 2012 Capex(1) Upstream +36.9% Conventional drilling in the areas 6.812 of Las Heras, El Guadal and Caadn Seco in San Jorge basin, Loma La Lata and Aguada Toledo in Sierra Barrosa in Neuquina basin. 4.976 Exploratory activity in…
  16. Q4 2012 EARNINGS CAL – YPF S.A. – slide 16
    Financial situation Successfully financed 2012 operations and pre-financed part of 2013 Access to financing Consolidated statement of cash flows (MARS) Notes Amount Interest Rate Maturity 4,053 Class VI (Q3 2012) ARS 100M 16.74% 270…
  17. Q4 2012 EARNINGS CAL – YPF S.A. – slide 17
    Maturity of financial liabilities Extended debt average life from 1.9 years to 3.4 years; 47.6% is now peso denominated (1) 2012 - Payment schedule (USD million) 965 1.000 880,5 800 600 507,6 476,1 400 295,4 324,2 355,6…
  18. Q4 2012 EARNINGS CAL – YPF S.A. – slide 18
    Summary 2012 Executed High Impact Plan Stopped production decline increasing drilling activity Stabilized our financial situation and pre-financed part of 2013 Increased natural gas well head price Extended concessions Continuous…

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