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Q3 2015 and November 2015 Update – YPF S.A.

YPF S.A. · Dec 2, 2015 · 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 2015 and November 2015 Update – YPF S.A. – slide 1
    Investor Presentation Third Quarter 2015
  2. Q3 2015 and November 2015 Update – YPF S.A. – slide 2
    Agenda 1 Company Overview 2 Upstream and Downstream 3 Financial Results 4 2015 Outlook
  3. Q3 2015 and November 2015 Update – YPF S.A. – slide 3
    Corporate Governance Shareholder structure 1 Board composition Chairman of the Board, Mr. Galuccio Shares Class A 48.99% Other Members Mr. Kicillof Ms. Charvay Mr. Soloaga Mr. Nagel Mr. Perincioli Mr. Gil Company 51.0% Mr.…
  4. Q3 2015 and November 2015 Update – YPF S.A. – slide 4
    Leading Integrated Energy Co. in Argentina Revenues LTM 1 Exploration Production 7: 249 Kbbl/d of crude oil, 44 Kbbl/d of NGL and 44 Mm3/d of natural gas and production Proved Reserves 3 4 in 2014: 675 mm bbl of liquids and 537 mm…
  5. Q3 2015 and November 2015 Update – YPF S.A. – slide 5
    Leading Argentine O&G Company Upstream Downstream Market Share Breakdown (%) Market Share Breakdown (%) Oil Others Crude Processing 3 No. of Gas Stations 3 Production 1 17% Others Others 4% 45% 8% 4% 27% 13% 55% 35% 5% 6% 9% 6%…
  6. Q3 2015 and November 2015 Update – YPF S.A. – slide 6
    Integrated Across Value Chain Oil Purchases Domestic market Domestic business market 76% Domestic prices (gasoline, diesel) 92% 24% International prices (FO, bunker, jet fuel, petrochemicals, lubricants, LPG and others)…
  7. Q3 2015 and November 2015 Update – 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. Q3 2015 and November 2015 Update – YPF S.A. – slide 8
    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:…
  9. Q3 2015 and November 2015 Update – YPF S.A. – slide 9
    Recent Performance: Strong Emphasis in Production Increase Doubled investments Significant increase in activity Upstream Capex (US mm)1 Drilling Rigs Workover Rigs 196% 74 74 112% +45.5% 6,077 65 +57% 101 104 46 92 4,178 70…
  10. Q3 2015 and November 2015 Update – YPF S.A. – slide 10
    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)…
  11. Q3 2015 and November 2015 Update – YPF S.A. – slide 11
    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…
  12. Q3 2015 and November 2015 Update – YPF S.A. – slide 12
    Vaca Muerta Unconventional Formation Description Progress on Shale Oil & Gas Developments Shale oil & gas Vaca Muerta 388 Shale wells 43 Shale wells 46.2 KBOE/D Gross in production drilled in Q3 2015 Shale Production Area…
  13. Q3 2015 and November 2015 Update – YPF S.A. – slide 13
    JV Partners: Chevron, Dow, Petrolera Pampa and Petronas Loma Campana La Amarga Chica El Orejano Rincn del Mangrullo (395 km2 - 97,607 acres) (187 km2 - 46,189 acres) (45 km2 - 11,090 acres) (183 km2 - 45,200 acres) Objective: Vaca…
  14. Q3 2015 and November 2015 Update – YPF S.A. – slide 14
    Q3 2015 Upstream Results Tight Gas Update Tight gas production Loma La Lata Rincn del Mangrullo (121 km2 29,900 acres)(1) (183 km2 - 45,200 acres) in Q3 2015 represented Objective: Lajas formation Objective: Mulichinco formation 12%…
  15. Q3 2015 and November 2015 Update – YPF S.A. – slide 15
    Downstream - Solid Market Leadership Monthly Diesel Sales (Km3) Lujn de Cuyo refinery - AProved reserves: 85 M boe 800 2015 % liquids: 98 D 5.6 Capacity: % gas: 2 105.5 kbbl/d 750 % 2014 Production: 8.8 M boe 2013 700 La Plata…
  16. Q3 2015 and November 2015 Update – YPF S.A. – slide 16
    Downstream: Recent Performance Refinery output affected by scheduled maintenance activity in La Plata Refinery. Sales volumes of diesel were negatively affected by weather conditions; strong sales of gasoline Crude Processed (kbbl/d)…
  17. Q3 2015 and November 2015 Update – YPF S.A. – slide 17
    Results Despite lower prices across most products, results were solid and in line with budget; difficult comparison against spectacular Q3 2014 Revenues 1 (US mm) Adj. EBITDA 1 2 3 (US mm) & Adj. EBITDA Margin (%) +6% 17,576 17,266…
  18. Q3 2015 and November 2015 Update – YPF S.A. – slide 18
    Quarterly evolution in US Dollars Last quarters Adj.EBITDA was the second best in history Revenues (1) Adj. EBITDA (1) (2) (in millions of USD) (in millions of USD) 1,649 4,632 4,413 4,459 4,443 4,448 4,355 1,452 4,203…
  19. Q3 2015 and November 2015 Update – YPF S.A. – slide 19
    Cash Flow From Operations Strong cash position at the end of Q3 2015 despite lower cash flow from operations Difficult comparison with one-off Q3 2014 Consolidated statement of cash flows 1 (US mm) Cash flow from operations 4 (US…
  20. Q3 2015 and November 2015 Update – YPF S.A. – slide 20
    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…
  21. Q3 2015 and November 2015 Update – YPF S.A. – slide 21
    Consolidated Balance Sheet Balance sheet 9/30/15 12/31/14 VAR % (Ps million) (Ps million) 2015 / 2014 Cash & ST investments 10,857 9,758 11% Fixed assets 194,047 156,930 24% Other assets 51,767 41,866 24% Total assets 256,671…
  22. Q3 2015 and November 2015 Update – YPF S.A. – slide 22
    Consolidated Income Statement Income 12 months 12 months VAR % VAR % 9M 2015 9M 2014 statement 2014 2013 2014/2013 (Ps million) (Ps million) 9M 2014 / (Ps million) (Ps million) 9M 2013 Revenues 141,942 90,113 58% 115,190 104,203…

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