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Q2 2015 Earnings Call – YPF S.A.

YPF S.A. · Aug 6, 2015 · 20 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. Q2 2015 Earnings Call – YPF S.A. – slide 1
    2nd Quarter 2015 Earnings Webcast August 6, 2015
  2. Q2 2015 Earnings Call – YPF S.A. – slide 2
    Contents 1 Q2 2015 Results 2 Financial Situation 3 Summary
  3. Q2 2015 Earnings Call – YPF S.A. – slide 3
    Q2 2015 Results Highlights Revenues of Ps 39.6 billion (+12% vs. Q2 2014) Adj. EBITDA(1) reached Ps 12.4 billion (+13.3%) Operating Cash Flow topped Ps 10.0 billion (-12.5%) Operating Income was Ps 5.6 billion (-6.3%) Net Income…
  4. Q2 2015 Earnings Call – YPF S.A. – slide 4
    Q2 2015 Results Expressed in US Dollars Despite 45% decline in Brent average price y-o-y, the company continued to show solid results. Revenues (1) Adj. EBITDA (1) (2) Operating Income (1) (in millions of USD) (in millions of USD)…
  5. Q2 2015 Earnings Call – YPF S.A. – slide 5
    Q2 2015 Operating Income Higher DD&A and other costs of sales reduced Operating Income by 6.3%. (in millions of Ps) 391 340 4,227 -2,788 5,950 5,578 -2,088 -296 -158 Q2 2014 Revenues Other Exploration Cost of sales DD&A…
  6. Q2 2015 Earnings Call – YPF S.A. – slide 6
    Q2 2015 Upstream Results Upstream Operating Income declined 23% to Ps 2.5 billion despite a 17% increase in Revenues; lifting cost and depreciation were higher. (In million of Ps) 2,872 340 -1,888 3,305 -1,278 2,534 -579…
  7. Q2 2015 Earnings Call – YPF S.A. – slide 7
    Q2 2015 Upstream Results Production Total y-o-y production growth of 2.6%: 3.7% in crude oil, 2.3% in natural gas and -2.8% in NGL. Crude oil production Natural gas production Total production (Kbbl/d) (Mm3/d) (Kboe/d) +3.7% +2.3%…
  8. Q2 2015 Earnings Call – YPF S.A. – slide 8
    Q2 2015 Upstream Results Shale Update 46 wells drilled in Q2 2015 (total of 360 producing wells), Total Gross Production including 8 horizontal wells in the east area (Kboe/d) of Loma Campana and El Orejano. 43.3 41.7 Extended the…
  9. Q2 2015 Earnings Call – YPF S.A. – slide 9
    Q2 2015 Upstream Results Tight Gas Update Tight gas production Loma La Lata Rincn del Mangrullo (121 29,900 km2 acres)(1) (183 km2 - 45,200 acres) in Q2 2015 represents Objective: Lajas formation Objective: Mulichinco formation 12%…
  10. Q2 2015 Earnings Call – YPF S.A. – slide 10
    Q2 2015 Downstream Results Downstream Operating Income increased 32%. Lower international prices resulted in a reduction in exports, but local sales were strong across most products. (in millions of Ps) 399 2,196 -657 3,865…
  11. Q2 2015 Earnings Call – YPF S.A. – slide 11
    Q2 2015 Downstream Results - Sales Refinery utilization reached 95% helped by higher availability of light crude oil. Sales volumes of diesel and gasoline increased by 6.1% and 4.0% against Q2 2014. Crude processed Domestic sales of…
  12. Q2 2015 Earnings Call – YPF S.A. – slide 12
    Q2 2015 Downstream Results Demand Monthly sales consistently above 2014; market share unchanged. Monthly Gasoline Sales (Km3) Monthly Diesel Sales (Km3) 2015 850 460 ++4.0% 3.9% 2014 ++ 6.1% 0.8% 440 2013 800 420 750 Q2 2013 400…
  13. Q2 2015 Earnings Call – YPF S.A. – slide 13
    Q2 2015 Capex Upstream (in millions of Ps) Upstream Downstream 14,758 Neuquina basin: Loma Campana, +33.7% Aguada Toledo, Rincn del Others Mangrullo, El Orejano y Chachahuen 11,038 Golfo San Jorge basin: Manantiales Behr, El…
  14. Q2 2015 Earnings Call – YPF S.A. – slide 14
    Contents 1 Q2 2015 Results 2 Financial Situation 3 Summary
  15. Q2 2015 Earnings Call – YPF S.A. – slide 15
    Q2 2015 Cash Flow From Operations Strong cash position at the end of Q2 2015 despite lower cash flow from operations. Sound capital structure; Net Debt / Adj. EBITDA LTM…
  16. Q2 2015 Earnings Call – YPF S.A. – slide 16
    Financial Situation Update(1) Cash position covers debt maturities for next 12 months. Continued to extend the average life of debt. Financial debt amortization schedule (1) (2) (in millions of USD) Debt profile highlights: Peso…
  17. Q2 2015 Earnings Call – YPF S.A. – slide 17
    Contents 1 Q2 2015 Results 2 Financial Situation 3 Summary
  18. Q2 2015 Earnings Call – YPF S.A. – slide 18
    Summary Continued to deliver solid results despite challenging global oil price environment and the effects of a strong peso Strong local demand for our main products Sound cash position raised early in the year Tight and shale…
  19. Q2 2015 Earnings Call – YPF S.A. – slide 19
    Questions and Answers 2nd Quarter 2015 Earnings Webcast
  20. Q2 2015 Earnings Call – YPF S.A. – slide 20
    2nd Quarter 2015 Earnings Webcast August 6, 2015

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