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Investor Presentation – YPF S.A.

YPF S.A. · Jul 31, 2014 · 25 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. Investor Presentation – YPF S.A. – slide 1
    Investor Presentation July, 2014 1
  2. Investor Presentation – YPF S.A. – slide 2
    Agenda 1 Company Overview 2 Upstream and Downstream 3 Financial Results 4 Summary & 2014 Outlook 3
  3. Investor Presentation – YPF S.A. – slide 3
    Corporate Governance Shareholder structure 1 Board composition National Government Chairman of the Board, Ms. Charvay Mr. Galuccio Shares Class A Labor Union Mr. Kicillof Representative Mr. Soloaga 48.99% 51.0% Company…
  4. Investor Presentation – YPF S.A. – slide 4
    Leading Integrated Energy Co. in Argentina Exploration Production 5: 232 Kbbl/d of crude oil, 48 Kbbl/d of NGL and 33.9 Mm3/d of natural gas Revenues LTM 1 Proved Reserves 4 5 in 2013: 628 mm bbl of liquids and 455 mm boe of gas and…
  5. Investor Presentation – YPF S.A. – slide 5
    Integrated Across Value Chain Oil Purchases Domestic market 7 Kbbl/d Domestic 61 Kbbl/d business market 71% Domestic prices (gasoline, diesel) 88% 17% International prices (FO, bunker, jet fuel, petrochemicals, lubricants, LPG and…
  6. Investor Presentation – YPF S.A. – slide 6
    Agenda 1 Company Overview 2 Upstream and Downstream 3 Financial Results 4 Summary & 2014 Outlook 7
  7. Investor Presentation – YPF S.A. – slide 7
    Upstream - Significant Potential with Leading Market Position Cuyana YPF has 90 concessions in the most productive Argentine basins Proved reserves: 71 mm boe (total reserves 1P: 1,083 mm boe1) and 52 exploration blocks % liquids:…
  8. Investor Presentation – YPF S.A. – slide 8
    Recent Performance: Strong Emphasis in Production Increase Doubled investments during 2013 Significant increase in activity Upstream Capex (ARS millions) Drilling Rigs Workover 92% +102.2% 176% 94 24,492 69 92 65 70 +135.4% 46…
  9. Investor Presentation – YPF S.A. – slide 9
    Recent Performance: Reserves Growth Boosted proved reserves by 10.6%. Solid results coming from secondary recovery projects, tight gas and shale formations. Total Hydrocarbon (Mboe) Liquids (Mbbl) Natural Gas (Mboe) RRR 158% RRR…
  10. Investor Presentation – YPF S.A. – slide 10
    Upside from Unique Unconventional Opportunities Tested & Producing Other Opportunities 4,4 (shale oil / gas) Vaca Muerta Noroeste - Cretaceous Yacoraite NOROESTE Lajas (tight gas) (shale / tight oil & gas) CHACO PARANAENSE…
  11. Investor Presentation – YPF S.A. – slide 11
    Vaca Muerta Unconventional Formation Description Encouraging results Shale oil & gas 55000 Vaca Muerta 50000 45000 Gross D 16,000 bbl Cumulative oil production, bbl 40000 Area 30,000 km2 35000 30000 Net YPF 25000 Area…
  12. Investor Presentation – YPF S.A. – slide 12
    JV Partners: Chevron, Dow and Petrolera Pampa Loma Campana (395 km2 - 97,607 acres) El Orejano (45 km2 - 11,090 acres) Objective: Vaca Muerta Shale Oil with Chevron Objective: Vaca Muerta Shale Gas with Dow Development model Initial…
  13. Investor Presentation – YPF S.A. – slide 13
    Upstream Plan 1 Capex 2 Production Others Secondary 8% , 4.500 US mm Oil Recovery x2 , 4.000 + 29% production 14% Shale oil , 3.500 46% , 3.000 , Oil 251 mm bbl Primary Production 2.500 , 32% 2.000 , 1.500 5,380 wells ,…
  14. Investor Presentation – YPF S.A. – slide 14
    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…
  15. Investor Presentation – YPF S.A. – slide 15
    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) -3.5% -4.5% +10% 288 278 288 4,545 275…
  16. Investor Presentation – YPF S.A. – slide 16
    Downstream Plan 1 Refined products expected Capex 2 Refining complex expansion and upgrading increase - 2013 - 2017 , 1.800 US mm Contribution by project Annual CAGR , 1.600 x1.7 , 9.5% 1.400 Utilization Capacity Upgrading…
  17. Investor Presentation – YPF S.A. – slide 17
    Agenda 1 Company Overview 2 Upstream and Downstream 3 Financial Results 4 Summary & 2014 Outlook 18
  18. Investor Presentation – YPF S.A. – slide 18
    Financial Results Production and sales volume growth, coupled with pricing discipline, led to solid financial results and healthy margins. Operating Income (ARS millions) Adj. EBITDA (ARS millions) Net Income (ARS millions) 8,360…
  19. Investor Presentation – YPF S.A. – slide 19
    Q1 2014 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…
  20. Investor Presentation – YPF S.A. – slide 20
    Consolidated Balance Sheet Balance sheet Q1 2014 Year 2013 VAR % (ARS million) (ARS million) 2014/2013 Cash & ST investments 3,109 10,713 -71% Fixed assets 124,543 93,496 33% Other assets 42,988 31,386 37% Total assets 170,640…
  21. Investor Presentation – YPF S.A. – slide 21
    Consolidated Income Statement Income 12 months 12 months VAR % VAR % Q1 2014 Q1 2013 statement 2013 2012 12m 2013/2012 (ARS million) (ARS million) Q1 2014 / (ARS million) (ARS million) Q1 2013 Revenues 90,113 67,174 34% 30,664…
  22. Investor Presentation – YPF S.A. – slide 22
    Agenda 1 Company Overview 2 Upstream and Downstream 3 Financial Results 4 Summary & 2014 Outlook 23
  23. Investor Presentation – YPF S.A. – slide 23
    Summary 2013 Delivered in line with aggressive plan Turned around production downward trend, increasing drilling activity Increased prices across all products Maintained healthy margins, proving the value of a fully integrated…
  24. Investor Presentation – YPF S.A. – slide 24
    Outlook 2014 Continue focus on growth and renewed focus on efficiency Profitable growth: production and revenue increase with cost control Actively manage macro situation changes Maintain margins in dollar terms Aggressive capex…
  25. Investor Presentation – YPF S.A. – slide 25
    NUESTRA ENERGA 26

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