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Q3 2014 EARNINGS CALL – YPF S.A.

YPF S.A. · Nov 6, 2014 · 22 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. Q3 2014 EARNINGS CALL – YPF S.A. – slide 1
    3rd Quarter 2014 Earnings Webcast November 6, 2014
  2. Q3 2014 EARNINGS CALL – YPF S.A. – slide 2
    Contents 1 Q3 2014 Results 2 Financial Situation 3 Summary 3
  3. Q3 2014 EARNINGS CALL – YPF S.A. – slide 3
    Q3 2014 Results Highlights Revenues of ARS 38.2 bn (+58% vs. Q3 2013) Adj. EBITDA(1) reached ARS 13.5 bn (+105%) Operating Cash Flow topped 18.2 bn (+95%) Operating Income was ARS 8 bn (+134%) Net Income was ARS 3.2 bn (+127%)…
  4. Q3 2014 EARNINGS CALL – YPF S.A. – slide 4
    Q3 2014 Results Expressed in US Dollars Volume and sales growth resulted in margin expansion. Adj. EBITDA grew by 38% and Operating Income by 58% y-o-y. Revenues (1) Adj. EBITDA (1) (2) Operating Income (1) (MUSD) (MUSD) (MUSD)…
  5. Q3 2014 EARNINGS CALL – YPF S.A. – slide 5
    Q3 2014 Operating Income Higher revenues fueled Operating Income increase of 134% in Q3 2014. In millions of ARS 13,965 397 -3,830 -2,477 8.044 -2,255 -1,173 -27 3,444 Q3 2013 Revenues Others Other costs Purchases…
  6. Q3 2014 EARNINGS CALL – YPF S.A. – slide 6
    Q3 2014 Operating Income Continued solid performance across both business segments. In millions of ARS 2,328 8,044 -58 2,330 3,444 Q3 2013 Downstream Upstream Administration & Others Q3 2014 7
  7. Q3 2014 EARNINGS CALL – YPF S.A. – slide 7
    Q3 2014 Upstream Results Upstream Operating Income reached ARS 4.5 bn (+109%) due to higher revenues driven by the increase in production and prices. In million of ARS 8,394 368 -3,515 -1,943 4,463 -976 2,135 Q3 2013…
  8. Q3 2014 EARNINGS CALL – YPF S.A. – slide 8
    Q3 2014 Upstream Results Production Total y-o-y production growth of 15.4%: 4.6% in crude oil and 26.1% in natural gas Crude oil production (1) Natural gas production (1) Total production (1) (Kbbl/d) (Mm3/d) (Kboe/d) 573,0 +4.6%…
  9. Q3 2014 EARNINGS CALL – YPF S.A. – slide 9
    Q3 2014 Upstream Results Production Continuous growth in tight gas and shale oil. Tight gas production is more than 10% of total natural gas production. Crude oil production Natural gas production (kbbl/d) (Mm3/d) 246.0 44.9 241.6…
  10. Q3 2014 EARNINGS CALL – YPF S.A. – slide 10
    Q3 2014 Upstream Results Tight gas update Loma La Lata (121 km2 29,900 acres)1 Rincn del Mangrullo (183 km2 - 45,200 acres) Objective: Lajas formation Objective: Mulichinco formation Invested over USD 540 million Invested over USD 173…
  11. Q3 2014 EARNINGS CALL – YPF S.A. – slide 11
    Q3 2014 Upstream Results Shale Update After only 2 years, Loma Campana has become the 2nd largest oil producing field in Argentina. Vertical shale oil wells drilled in Loma Campanas sweet spot are producing at or above forecasted type…
  12. Q3 2014 EARNINGS CALL – YPF S.A. – slide 12
    Q3 2014 Downstream Results Downstream Operating Income grew 152% to ARS 3.9 bn in Q3 2014, due to higher revenues and lower increase in purchases. In millions of ARS 12,583 -7,981 3,864 -1,086 -843 -266 -77 1,534 Q3 2013…
  13. Q3 2014 EARNINGS CALL – YPF S.A. – slide 13
    Q3 2014 Downstream Results - Sales Refinery utilization reached 94% helped by lighter crude coming from unconventional production. Imported volumes of diesel dropped 36% against Q3 2013. Crude processed Domestic sales of refined…
  14. Q3 2014 EARNINGS CALL – YPF S.A. – slide 14
    Q3 2014 Refined Products Demand Brand recognition; solid demand based on slight market share growth. Monthly Gasoline and Diesel Sales (1) Gasoline and Diesel Market Share (1) (Km3) (Km3) 61% 1.100 60% 60% 60%…
  15. Q3 2014 EARNINGS CALL – YPF S.A. – slide 15
    Q3 2014 Capex (1) In millions of ARS Upstream Neuquina basin: Loma Campana, Upstream Rincn del Mangrullo, Aguada Downstream Toledo and Chachahuen 13,776 Others +71.6% Golfo San Jorge basin: Manantiales Behr, El Trbol and Los…
  16. Q3 2014 EARNINGS CALL – YPF S.A. – slide 16
    Contents 1 Q3 2014 Results 2 Financial Situation 3 Summary 17
  17. Q3 2014 EARNINGS CALL – YPF S.A. – slide 17
    Q3 2014 Cash Flow From Operations Self financed Q3 2014 capex; Cash Flow From Operations grew ARS 9 bn against Q3 2013. Sound capital structure; Net Debt / Adj. EBITDA LTM down to 0.75x(3). Consolidated statement of cash flows Cash…
  18. Q3 2014 EARNINGS CALL – YPF S.A. – slide 18
    Financial Situation Update1 Cash position covers debt maturities for next 18-months. Continued to extend average life of debt. Financial debt amortization schedule (1) (2) (MUSD) Peso denominated debt 32% 1,751 Average interest rates…
  19. Q3 2014 EARNINGS CALL – YPF S.A. – slide 19
    Contents 1 Q3 2014 Results 2 Financial Situation 3 Summary 20
  20. Q3 2014 EARNINGS CALL – YPF S.A. – slide 20
    Summary Continued to improve results and expand margins Increased oil & gas production by 15.4%, with an impressive 26% growth in natural gas; shale and tight already represent 8% of total hydrocarbon production Announced 3rd…
  21. Q3 2014 EARNINGS CALL – YPF S.A. – slide 21
    Questions and Answers 3rd Quarter 2014 Earnings Webcast
  22. Q3 2014 EARNINGS CALL – YPF S.A. – slide 22
    3rd Quarter 2014 Earnings Webcast November 6, 2014

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