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Q3 2013 EARNINGS CALL – YPF S.A.

YPF S.A. · Nov 6, 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. Q3 2013 EARNINGS CALL – YPF S.A. – slide 1
    3rd Quarter 2013 Earnings Webcast November 6, 2013
  2. Q3 2013 EARNINGS CALL – YPF S.A. – slide 2
    Agenda 1 Q3 2013 Results 2 Financial Situation 3 Summary 3
  3. Q3 2013 EARNINGS CALL – YPF S.A. – slide 3
    Q3 2013 Results Highlights Revenues of ARS 24.2 bn (+39.5% vs. Q3 2012) Operating Income was ARS 3.4 bn (+104%) Net Income was ARS 1.4 bn (+87%) EBITDA reached ARS 7.7 bn (+72.8%) Operating cash flow topped 9.4bn (+168%) Total Capex…
  4. Q3 2013 EARNINGS CALL – YPF S.A. – slide 4
    Q3 2013 Operating Income Both Upstream and Downstream volume increases and higher prices drove an Operating Income increase of 104%. In million of ARS 6,866 21 -1,808 -1,663 -801 3,444 -756 -103 1,688 Q3 2012 Revenues…
  5. Q3 2013 EARNINGS CALL – YPF S.A. – slide 5
    Q3 2013 Operating Income Solid Upstream performance and Downstream pricing discipline were key to this quarters results increase. In million of ARS 561 3,444 1,198 -3 1,688 Q3 2012 Upstream Downstream Others Q3 2013…
  6. Q3 2013 EARNINGS CALL – YPF S.A. – slide 6
    Q3 2013 Upstream Results Operating income increased 127.8% as higher revenues due to production and price increases offset increased production costs and depreciations. In million of ARS 3,302 147 -951 -762 2,135 -304 -234…
  7. Q3 2013 EARNINGS CALL – YPF S.A. – slide 7
    Q3 2013 Upstream Results Production(1) Reversed production decline. Both crude oil and natural gas production grew over 2% against Q3 2012. Crude oil production (kbbl/d) Natural gas production (Mm3/d) Total production (kboe/d)…
  8. Q3 2013 EARNINGS CALL – YPF S.A. – slide 8
    Q3 2013 Upstream Results Activity & Production As activity increases, production from operated fields grew more than 3% q.o.q. Crude oil production (kbbl/d) (1) Drilling rigs (2) +152% +3.4% 202.0 63 58 52 195.4 42 46 36 25…
  9. Q3 2013 EARNINGS CALL – YPF S.A. – slide 9
    Q3 2013 Downstream Results A better than expected recovery from the La Plata refinery incident, higher prices and normalized imports boosted operating income by 57.7%. In million of ARS 4,825 137 -3,401 1,534 -509 973 -484…
  10. Q3 2013 EARNINGS CALL – YPF S.A. – slide 10
    Q3 2013 Downstream Results - Sales Maintained local market share even with lower crude processed Crude processed (kbbl/d) Domestic sales of refined products (Km3) -4.6% -0.6% 306 4,215 4,188 292 Others LPG +6.8% Fuel Oil…
  11. Q3 2013 EARNINGS CALL – YPF S.A. – slide 11
    Q3 2013 Capex(1) 8,028 Upstream +94.4% Neuquina basin: Loma La Lata, Loma Campana, Chihuido Sierra Negra and Catriel Golfo San Jorge basin: Manantiales Behr, El Trebol 4,129 and Los Perales Downstream Upstream Progress of…
  12. Q3 2013 EARNINGS CALL – YPF S.A. – slide 12
    Agenda 1 Q3 2013 Results 2 Financial Situation 3 Summary 13
  13. Q3 2013 EARNINGS CALL – YPF S.A. – slide 13
    Q3 2013 Financial Situation Issued ARS 8.3bn YTD, totaling ARS 17.7bn since Q2 2012; 1st international bond issuance Increased cash position to ARS 6.9 bn Paid dividend of 0.83 ARS/share Unlevered balance sheet (Net Debt / EBITDA…
  14. Q3 2013 EARNINGS CALL – YPF S.A. – slide 14
    Dow agreement: description of project First shale gas development El Orejano in Argentina (45 km2 11,090 acres) 50/50 Partnership (1) Initial investment of USD 188M Dow: USD 120M YPF: USD 68M Operator YPF 16 wells to be…
  15. Q3 2013 EARNINGS CALL – YPF S.A. – slide 15
    Agenda 1 Q3 2013 Results 2 Financial Situation 3 Summary 16
  16. Q3 2013 EARNINGS CALL – YPF S.A. – slide 16
    Summary Increased oil and natural gas production Full recovery from the La Plata Refinery incident Solid demand; volume and price increases Natural gas focus paying off with higher well head prices Strong operating cash flow…
  17. Q3 2013 EARNINGS CALL – YPF S.A. – slide 17
    3rd Quarter 2013 Earnings Webcast Questions and Answers
  18. Q3 2013 EARNINGS CALL – YPF S.A. – slide 18
    3rd Quarter 2013 Earnings Webcast November 6, 2013

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