Skip to main content FULL YEAR 2014 EARNINGS CALL – YPF S.A. Investor Presentation | Shale Experts
Loading...
Pm

FULL YEAR 2014 EARNINGS CALL – YPF S.A.

YPF S.A. · Feb 27, 2015 · 29 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. FULL YEAR 2014 EARNINGS CALL – YPF S.A. – slide 1
    Full Year 2014 Earnings Webcast February 27, 2015 Buenos Aires, Argentina
  2. FULL YEAR 2014 EARNINGS CALL – YPF S.A. – slide 2
    Contents 1 Highlights 2014 2 Review of Operations 3 Financial Results 4 Financial Situation 5 Outlook 3
  3. FULL YEAR 2014 EARNINGS CALL – YPF S.A. – slide 3
    Highlights 2014 Increased sales by 6.4% in USD driven by volume and price increase across most products Increased Adj. EBITDA by 16.8% in USD, Operating Income by 11.0% in USD and operating cash flow by 120% in USD, expanding Adj. EBITDA…
  4. FULL YEAR 2014 EARNINGS CALL – YPF S.A. – slide 4
    Contents 1 Highlights 2014 2 Review of Operations 3 Financial Results 4 Financial Situation 5 Outlook 5
  5. FULL YEAR 2014 EARNINGS CALL – YPF S.A. – slide 5
    Review of Operation Results Expressed in US Dollars Volume and sales growth resulted in margin expansion. Adj. EBITDA grew by 17% and operating income by 11% y-o-y. Revenues (1) Adj. EBITDA (1) (2) Operating Income (1) (millions of…
  6. FULL YEAR 2014 EARNINGS CALL – YPF S.A. – slide 6
    Review of Operations Production Production increase resulting from development of shale + tight, conventional fields and acquisitions. Total Production (Kboe/d) Crude Oil Production (Kbbl/d) Natural Gas Production (Mm3/d) 560.1…
  7. FULL YEAR 2014 EARNINGS CALL – YPF S.A. – slide 7
    Review of Operations Reserves Boosted proved reserves by 11.9%. Solid results coming from secondary recovery projects, tight gas and shale formations, extension of concessions and acquisitions. Total Hydrocarbon (Mboe) Liquids (Mbbl)…
  8. FULL YEAR 2014 EARNINGS CALL – YPF S.A. – slide 8
    Progress on Shale Oil & Gas Developments Loma Campana (Oil) 290 Horizontal well sweet spot identified in Loma Campana Shale wells in production Three distinct horizons evaluated with delineation wells 2015 focus shifting to more…
  9. FULL YEAR 2014 EARNINGS CALL – YPF S.A. – slide 9
    Shale Development Main Challenges Ongoing Initiatives Increase the extension and number of fractures of horizontal wells. Optimize costs by using national sand and new stimulation service contracts. Low-cost monobore 3 horizontal…
  10. FULL YEAR 2014 EARNINGS CALL – YPF S.A. – slide 10
    Renewed Focus on Natural Gas Gas production boosted mainly due to YSUR and Tight Gas performance 50 45 40 110 35 Gas wells drilled in 2014 30 Mm3/d 25 20 15 25% 10 Production Growth Y-o-Y 5 0 42.4 CONVENTIONAL…
  11. FULL YEAR 2014 EARNINGS CALL – YPF S.A. – slide 11
    Stay the course on Mature Fields Focus on Secondary Recovery of Mature Fields 250 40% Of total Oil Production 200 kbbl/d 150 1 billion Barrels of water Injected 100 50 Q1-12 Q2-12 Q3-12 Q4-12 Q1-13 Q2-13 Q3-13 Q4-13…
  12. FULL YEAR 2014 EARNINGS CALL – YPF S.A. – slide 12
    Review of Operations Downstream Performance Crude processing up 4% to 91% of capacity. Sales volume growth across most products. Crude processed (kbbl/d) Domestic sales of refined products (Km3) +6% 16,916 290 15,988 +4.3% +54%…
  13. FULL YEAR 2014 EARNINGS CALL – YPF S.A. – slide 13
    Review of Operations Refined Products Demand Brand recognition; solid demand based on slight market share growth. Monthly Gasoline Sales (Km3) Monthly Diesel Sales (Km3) 800 440 + 3.9% 2014 + 0.8% 750 420 2013 2013 400 700…
  14. FULL YEAR 2014 EARNINGS CALL – YPF S.A. – slide 14
    Recent changes in domestic prices 5% reduction of gasoline and diesel prices at the pump, partially supported by federal taxes reduction. (Dec. 2579/14) Understanding among various sectors and the Argentine Federal Government to…
  15. FULL YEAR 2014 EARNINGS CALL – YPF S.A. – slide 15
    Contents 1 Highlights 2014 2 Review of Operations 3 Financial Results 3 Financial Situation 4 Outlook 16
  16. FULL YEAR 2014 EARNINGS CALL – YPF S.A. – slide 16
    FY 2014 Financial Results Production and sales volume growth, coupled with pricing discipline, led to solid financial results and healthy margins. Revenues (millions of Ps) Adj.EBITDA (millions of Ps) (1) Operating Income (millions…
  17. FULL YEAR 2014 EARNINGS CALL – YPF S.A. – slide 17
    FY 2014 Financial Results Operating income reached Ps 19.7 billion during 2014, 64% above 2013, despite Ps 1.2 billion of non-cash provision at Maxus In million of Ps 51,829 -17,859 -10,105 -8,700 19,742 -4,121 -2,112 -1,205…
  18. FULL YEAR 2014 EARNINGS CALL – YPF S.A. – slide 18
    FY2014 Upstream Financial Results Upstream operating income grew 72% due to higher revenues driven by an increase of production and better prices for crude oil and natural gas. In millions of Ps 28,000 -10,973 -7,589…
  19. FULL YEAR 2014 EARNINGS CALL – YPF S.A. – slide 19
    FY2014 Downstream Financial Results Downstream operating income was positively impacted by higher sales volume and prices. In millions of Ps 46,972 -32,399 -4,406 10,978 -2,906 6,721 -2,011 -993 2013 Revenues Purchases…
  20. FULL YEAR 2014 EARNINGS CALL – YPF S.A. – slide 20
    Q4 2014 Financial Results Although operating income decreases, mainly because of the impact of two one-time charges, recurring results were positive by 10.7%. In millions of Ps -3,674 12,445 -3,535 -2,997 1,479…
  21. FULL YEAR 2014 EARNINGS CALL – YPF S.A. – slide 21
    Q4 2014 Upstream Results Production Total production grew by 12.7% boosted by a strong increased of 23% in natural gas. Total production (kboe/d) Crude oil production (kbbl/d) Natural gas production (Mm3/d) 582.8 249.8 43.7…
  22. FULL YEAR 2014 EARNINGS CALL – YPF S.A. – slide 22
    Q4 2014 Downstream Results - Sales Refinery utilization reached 93% helped by lighter crude coming from unconventional production. All product demand grew by 9%. Crude processed (kbbl/d) Domestic sales of refined products (Km3) 296…
  23. FULL YEAR 2014 EARNINGS CALL – YPF S.A. – slide 23
    Contents 1 Highlights 2014 2 Review of Operations 3 Financial Results 4 Financial Situation 5 Outlook 24
  24. FULL YEAR 2014 EARNINGS CALL – YPF S.A. – slide 24
    FY 2014 Financial Situation Cash flow from operations grew Ps 25 billion against 2013. Sound capital structure; Net Debt / Adj. EBITDA LTM down to 0.9x(3). Consolidated statement of cash flows Cash flow from operations (in millions…
  25. FULL YEAR 2014 EARNINGS CALL – YPF S.A. – slide 25
    Financial Situation Update1 Cash position strengthened by additional indebtness in the international and local markets during Q1 2015. Financial debt amortization schedule (1) (2) (in millions of USD) Peso denominated debt 35%…
  26. FULL YEAR 2014 EARNINGS CALL – YPF S.A. – slide 26
    Contents 1 Highlights 2014 2 Review of Operations 3 Financial Results 4 Financial Situation 4 Outlook 27
  27. FULL YEAR 2014 EARNINGS CALL – YPF S.A. – slide 27
    Outlook 2015 Track Delivered 2012, 2013 and 2014 results ahead of Record expectations and built a strong base to face the challenges of a transition year 2015 Adapt to a new business environment by: Maintaining activity to avoid…
  28. FULL YEAR 2014 EARNINGS CALL – YPF S.A. – slide 28
    Questions and Answers Full Year 2014 & 4th Quarter 2014 Earnings Webcast
  29. FULL YEAR 2014 EARNINGS CALL – YPF S.A. – slide 29
    Full Year 2014 Earnings Webcast February 27, 2015. Buenos Aires, Argentina

From the store

Browse maps, data & reports in the Shale Experts store