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MAY 2015 INVESTOR PRESENTATION – YPF S.A.

YPF S.A. · May 11, 2015 · 27 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. MAY 2015 INVESTOR PRESENTATION – YPF S.A. – slide 1
    Investor Presentation May, 2015 1
  2. MAY 2015 INVESTOR PRESENTATION – YPF S.A. – slide 2
    Agenda 1 Company Overview 2 Upstream and Downstream 3 Financial Results 4 2015 Outlook 3
  3. MAY 2015 INVESTOR PRESENTATION – YPF S.A. – slide 3
    Corporate Governance Shareholder structure 1 Board composition Chairman of the Board, Mr. Galuccio 48.99% Other Members Shares Class A Mr. Kicillof Ms. Charvay Mr. Nagel Mr. Perincioli Mr. Gil Mr. Flix Company 51.0% Ms.…
  4. MAY 2015 INVESTOR PRESENTATION – YPF S.A. – slide 4
    Leading Integrated Energy Co. in Argentina Exploration Production 7: 247 Kbbl/d of crude oil, 61 Kbbl/d of NGL and 44 Mm3/d of natural gas Revenues LTM 1 Proved Reserves 3 4 in 2014: 675 mm bbl of liquids and 537 mm boe of gas and…
  5. MAY 2015 INVESTOR PRESENTATION – YPF S.A. – slide 5
    Leading Argentine O&G Company Upstream Downstream Market Share Breakdown (%) Market Share Breakdown (%) Oil Production 1 Crude Processing 3 No. of Gas Stations 3 Others Others 19% Others 8% 3% 13% 28% 4% 44% 34% 5% 9% 55% 6%…
  6. MAY 2015 INVESTOR PRESENTATION – YPF S.A. – slide 6
    Integrated Across Value Chain Oil Purchases Domestic market Domestic business market 72% Domestic prices (gasoline, diesel) 90% 18% International prices (FO, bunker, jet fuel, petrochemicals, lubricants, LPG and others)…
  7. MAY 2015 INVESTOR PRESENTATION – YPF S.A. – slide 7
    Seasoned Management Team 5 Miguel Galuccio Chairman & CEO Before rejoining YPF, he was part of the management team of Schlumberger in London More than 20 years of international experience in the oil and gas industry, leading companies…
  8. MAY 2015 INVESTOR PRESENTATION – YPF S.A. – slide 8
    Agenda 1 Company Overview 2 Upstream and Downstream 3 Financial Results 4 2015 Outlook 9
  9. MAY 2015 INVESTOR PRESENTATION – YPF S.A. – slide 9
    Upstream - Significant Potential with Leading Market Position Cuyana YPF has 92 concessions in the most productive Argentine basins Proved reserves: 69 mm boe (total reserves 1P: 1,212 mm boe1) and 48 exploration blocks % liquids:…
  10. MAY 2015 INVESTOR PRESENTATION – YPF S.A. – slide 10
    Recent Performance: Strong Emphasis in Production Increase Doubled investments Significant increase in activity Upstream Capex (US mm)1 Drilling Rigs Workover Rigs 200% 74 75 108% +45.5% 6,077 65 +57% 99 102 4,178 46 92 70 2,661…
  11. MAY 2015 INVESTOR PRESENTATION – YPF S.A. – slide 11
    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) Natural Gas (Mboe)…
  12. MAY 2015 INVESTOR PRESENTATION – YPF S.A. – slide 12
    Upside from Unique Unconventional Opportunities Tested & Producing Other Opportunities 4,4 Vaca Muerta (shale oil / gas) Noroeste - Cretaceous Yacoraite NOROESTE Agrio (shale oil) (shale / tight oil & gas) CHACO PARANAENSE…
  13. MAY 2015 INVESTOR PRESENTATION – YPF S.A. – slide 13
    Vaca Muerta Unconventional Formation Description Progress on Shale Oil & Gas Developments Shale oil & gas Vaca Muerta Gross Area 30,000 km2 Net YPF Area 12,075 km2 Dry Oil gas Wet Windows 1 gas Oil 77% Wet gas 5% Dry gas…
  14. MAY 2015 INVESTOR PRESENTATION – YPF S.A. – slide 14
    JV Partners: Chevron, Dow, Petrolera Pampa and Petronas Loma Campana (395 km2 - 97,607 acres) La Amarga Chica (187 km2 - 46,189 acres) Objective: Vaca Muerta Shale Oil with Chevron Objective: Vaca Muerta Shale Oil with Petronas…
  15. MAY 2015 INVESTOR PRESENTATION – YPF S.A. – slide 15
    Tight Gas Developments Tight gas production in Q1 2015 represents 12% of total gas production, compared to 8% in Q1 2014. Loma La Lata (121 km2 29,900 acres)(1) Rincn del Mangrullo (183 km2 - 45,200 acres) Objective: Lajas formation…
  16. MAY 2015 INVESTOR PRESENTATION – YPF S.A. – slide 16
    Downstream - Solid Market Leadership Market Share Breakdown (%) Lujn Proved de Cuyo reserves: refinery 85 M boe A % liquids: 98 D Crude Processing 2 No. of Gas Stations 2 Capacity: % gas: 2 105.5 kbbl/d Production: 8.8 M boe…
  17. MAY 2015 INVESTOR PRESENTATION – YPF S.A. – slide 17
    Downstream: Recent Performance Solid demand reflected in an increase in volumes sold; pricing discipline and slight market share growth. Crude Processed (kbbl/d) Gasoline sales (k m3) +4.3% +9.1% +4% 290 300 4,723 278 275…
  18. MAY 2015 INVESTOR PRESENTATION – YPF S.A. – slide 18
    Downstream Demand Brand recognition; solid demand based on slight market share growth. Monthly Gasoline Sales (Km3) Monthly Diesel Sales (Km3) 800 440 ++ 1.4% 3.9% 2014 +- 0.7% 0.8% Q1 2015 750 420 2013 400 700 2013 380 650…
  19. MAY 2015 INVESTOR PRESENTATION – YPF S.A. – slide 19
    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…
  20. MAY 2015 INVESTOR PRESENTATION – YPF S.A. – slide 20
    Agenda 1 Company Overview 2 Upstream and Downstream 3 Financial Results 4 2015 Outlook 21
  21. MAY 2015 INVESTOR PRESENTATION – YPF S.A. – slide 21
    Results Revenues, Adj. EBITDA and Operating Income presented solid growth, mainly driven by higher production and healthy margin increase. Revenues 1 (US mm) Adj. EBITDA 1 2 3 (US mm) & Adj. EBITDA Margin (%) +6% 17,576 17,404 27%…
  22. MAY 2015 INVESTOR PRESENTATION – YPF S.A. – slide 22
    Cash Flow From Operations Successfully financed increased capex with cash flow from operations and local and international financing, while maintaining a cash cushion and a strong balance sheet. Consolidated statement of cash flows…
  23. MAY 2015 INVESTOR PRESENTATION – YPF S.A. – slide 23
    Financial Situation Update1 Cash position strengthened by additional indebtedness in the international and local markets during Q2 2015. Continued to extend average life of debt. Financial debt amortization schedule (1) (2) (in millions…
  24. MAY 2015 INVESTOR PRESENTATION – YPF S.A. – slide 24
    Consolidated Balance Sheet Balance sheet 3/31/15 12/31/14 VAR % (Ps million) (Ps million) 2015/2014 Cash & ST investments 11,039 9,758 13% Fixed assets 167,869 156,930 7% Other assets 42,466 41,866 1% Total assets 221,374 208,554…
  25. MAY 2015 INVESTOR PRESENTATION – YPF S.A. – slide 25
    Consolidated Income Statement Income 12 months 12 months VAR % VAR % Q1 2015 Q1 2014 statement 2014 2013 2014/2013 (Ps million) (Ps million) Q4 2014 / (Ps million) (Ps million) Q4 2013 Revenues 141,942 90,113 58% 34,702 30,664…
  26. MAY 2015 INVESTOR PRESENTATION – YPF S.A. – slide 26
    Agenda 1 Company Overview 2 Upstream and Downstream 3 Financial Results 4 2015 Outlook 27
  27. MAY 2015 INVESTOR PRESENTATION – YPF S.A. – slide 27
    Summary Solid results despite challenging global oil price environment Focus in cost reductions to offset the effects of a strong peso Keeping activity flat as price visibility supports ongoing projects Continued to build cash…

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