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June 2017 Investor Presentation – Pampa Energia SA

Pampa Energia SA · Jun 29, 2017 · 40 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. June 2017 Investor Presentation – Pampa Energia SA – slide 1
    Investor Presentation June 2017
  2. June 2017 Investor Presentation – Pampa Energia SA – slide 2
    Who We Are Pampa Energa June 2017 3
  3. June 2017 Investor Presentation – Pampa Energia SA – slide 3
    The History of Pampa Energa Equity Value/Market Capitalization of Pampa, US billion A key player in Argentina We Created Acquisition the Largest of Petrobras From a Electricity Argentina US1 million Integrated in a landmark…
  4. June 2017 Investor Presentation – Pampa Energia SA – slide 4
    Pampa Energa is the Largest Independent Integrated Energy Company in Argentina The Largest Integrated Electricity Company in Argentina Power Generation Power Transmission Electricity Distribution Current Expansions Co-control of…
  5. June 2017 Investor Presentation – Pampa Energia SA – slide 5
    Our Footprint in Argentina Thermal Power Plant 2,495 MW Power Generation Hydro Power Plant 938 MW High Voltage 20,670 km of lines Power Transmission Transmission 149 transformer stations Electricity Electricity Distribution…
  6. June 2017 Investor Presentation – Pampa Energia SA – slide 6
    Pampa Energa at a Glance Main Subsidiaries & Affiliates (in US million) (1) (1) Q1 '17 Annualized Sales(2) 471 1,369 325 305 652 4,268 Q1 '17 Annualized Adj. EBITDA (3) 226 156 171 244 293 985 Net Debt(4) 29 55 108 69 12 1,190…
  7. June 2017 Investor Presentation – Pampa Energia SA – slide 7
    Power Generation Pampa Energa June 2017 8
  8. June 2017 Investor Presentation – Pampa Energia SA – slide 8
    Pampa is a Key Player with Outstanding Performance Argentinas Power Generation Pampas Key Power Generation Market Share, 20161 Ranking of Private GenCos, 20161 Figures 1. SADESA 11.4% 3 hydro plants SADESA 6 + 1 new thermal plants 2.…
  9. June 2017 Investor Presentation – Pampa Energia SA – slide 9
    2,495 MW of Thermal Capacity + 320 MW of Expansions 7 1. Loma de la Lata 645 MW + 120 MW 3. Greenfield Expansion Pilar 100 MW 5 4. Piedra Buena 620 MW + 100 MW 32 5. Gemes 361 MW 1 4 6 2. Genelba 825 MW Thermal Plant…
  10. June 2017 Investor Presentation – Pampa Energia SA – slide 10
    938 MW of Hydro Capacity + 100 MW of Renewable Expansions 1. Diamante 388 MW 3. Greenfield Expansion Corti 100 MW 1 4 3 2 2. Pichi Picn Leuf 285 MW 4. Los Nihuiles 265 MW Hydropower plant Greenfield Wind Farm…
  11. June 2017 Investor Presentation – Pampa Energia SA – slide 11
    Expansion in Power Generation Mainly Based on Brownfield Projects, to Take Advantage of Synergies The Expansions in Pipeline PPA Cap. Payment US Final Price Capex EBITDA Project MW Equipment Financing COD Duration US/MWh US million…
  12. June 2017 Investor Presentation – Pampa Energia SA – slide 12
    Our Expansions 1. Loma de la Lata 120 MW 2. Pilar 100 MW 3. Piedra Buena 100 MW 4. Corti Wind Farm 100 MW Pampa Energa June 2017 13
  13. June 2017 Investor Presentation – Pampa Energia SA – slide 13
    Power Transmission Pampa Energa June 2017 14
  14. June 2017 Investor Presentation – Pampa Energia SA – slide 14
    Transener is the Largest High Voltage Grid in Argentina Business Overview Transener operates, maintains and supervises 20,648 km of high-voltage electricity lines in Argentina, holding 85% of market share Transener was privatized in…
  15. June 2017 Investor Presentation – Pampa Energia SA – slide 15
    Tariff Situation Regulatory Framework EBITDA, US million High Voltage Lines, km Instrumental Agreement 20.6 (Higher Costs Credits) 191 Stopped accruing as of implementation 14.7 132 of RTI Outstanding balance of AR176 million as…
  16. June 2017 Investor Presentation – Pampa Energia SA – slide 16
    Electricity Distribution Pampa Energa June 2017 17
  17. June 2017 Investor Presentation – Pampa Energia SA – slide 17
    Edenor is the Largest Distco in Argentina 8.5 million PEOPLE 2.9 million CUSTOMERS 300,000 SMEs & INDUSTRIES 4,637 km2 SERVICE AREA 95-YEAR CONCESSION ENDING IN 2087 22,253 GWh SOLD in 2016 20% MARKET SHARE…
  18. June 2017 Investor Presentation – Pampa Energia SA – slide 18
    Tariff Situation Number of Clients, Energy Sold, Regulatory Framework EBITDA, US million million TWh 2.9 As of February 2017, full tariff review 535 22 (RTI) schedules came into force Granted for 5-year period 1.8 98% cumulative…
  19. June 2017 Investor Presentation – Pampa Energia SA – slide 19
    First Tariff Review in +20 Years, Still Low Monthly Electricity Bill Evolution of Edenors Residential Billing Edenor in Comparison with International Peers % of Users After Tariff Monthly US Bill for Residential Users Subsidized vs.…
  20. June 2017 Investor Presentation – Pampa Energia SA – slide 20
    Oil & Gas Exploration & Production Pampa Energa June 2017 21
  21. June 2017 Investor Presentation – Pampa Energia SA – slide 21
    The Imbalances in the Argentine Gas Sector Fiscal Deficit, as % of GDP Natural Gas Prices, US per MBTU 4.2% 4.3% 4.2% Imports 3.3% Diesel Oil 13 2.3% LNG Regasified 7 1.1% Bolivia Imports 4 2012 2013 2014 2015 2016 2017e…
  22. June 2017 Investor Presentation – Pampa Energia SA – slide 22
    Pampa Energa is the Largest Independent Producer of Unconventional Gas with 20% of Market Share 200 Evolution of Supply and Demand, in million m3 per day 7.1 bcf/d 180 Potential Supplied Non-Supplied Demand Imports = Demand 160 22% of…
  23. June 2017 Investor Presentation – Pampa Energia SA – slide 23
    Oil & Gas Upstream Business Asset Map Overview Operations in Argentina Pampa is the fourth largest producer of oil and gas in Argentina 4% and 7% of total oil and gas production, respectively Pampa is the largest independent…
  24. June 2017 Investor Presentation – Pampa Energia SA – slide 24
    Our Strategy is Going Towards Gas Production in the Best Areas in Argentina Neuqun Basin Blocks Key Blocks This four areas jointly already produce +12 million m3/d (425 mcf/d), 11% of Argentinas total gas production Ro Neuqun El…
  25. June 2017 Investor Presentation – Pampa Energia SA – slide 25
    Pampas Upside in Vaca Muerta Formation DRY GAS WET GAS OIL Interest in 12% of Veta Escondida Argentinas Vaca Muertas shale acreage Parva Negra Este Rincn de Entre Lomas ( 100%, 9 Blocks in Aranda Vaca Muerta Play Map) Sierra…
  26. June 2017 Investor Presentation – Pampa Energia SA – slide 26
    Midstream: Gas Transportation & Liquids Production - TGS Pampa Energa June 2017 27
  27. June 2017 Investor Presentation – Pampa Energia SA – slide 27
    A Snapshot of TGS Business Overview Asset Map Natural Gas Transportation: Share of Total Gas Largest gas transportation company of Argentina Production (%) 9,184 km of pipelines Strategically connects the main urban and gas…
  28. June 2017 Investor Presentation – Pampa Energia SA – slide 28
    Tariff Situation The Impact of Tariff Increases on Regulatory Framework EBITDA, US million Residential Gas Bills 427 Total Bill after Tax for Residential Clients2 As of April 2017, a new tariff increase (US/month)3 352 from…
  29. June 2017 Investor Presentation – Pampa Energia SA – slide 29
    Downstream: Refining, Marketing & Petrochemicals Pampa Energa June 2017 30
  30. June 2017 Investor Presentation – Pampa Energia SA – slide 30
    Refining & Marketing Overview We hold a 6% market share in the whole refining value chain Bahia Blanca Ricardo Eliabe Refinery Terminals Lubricants Plants Distribution Refining Process Flow Bahia Blanca Clients Input Refinery…
  31. June 2017 Investor Presentation – Pampa Energia SA – slide 31
    Petrochemicals Overview Our Process Flow is Unique in Argentina PGSM Complex Benzene Styrene Propane Rubber Butadiene PGSM Plant Propylene Light Naphtha Paraffinic Benzene + Naphtha Polystyrene Propane Styrene…
  32. June 2017 Investor Presentation – Pampa Energia SA – slide 32
    Debt Structure Pampa Energa June 2017 33
  33. June 2017 Investor Presentation – Pampa Energia SA – slide 33
    Unlevered Company in a Highly Intense Capital Sector Debt Profile Well Distributed Over the Next Years In US million, as of June 2, 20171 750 US US-Link AR Pampa Pampa Energa Energa 500 2023 bond 2027 bond TGS 2020 Bond Edenor…
  34. June 2017 Investor Presentation – Pampa Energia SA – slide 34
    Pampa Bottom Line Pampa Energa June 2017 35
  35. June 2017 Investor Presentation – Pampa Energia SA – slide 35
    Pampa Energa: Upsides and Opportunities Normalization Grow our share in countrys gas production of utilities license agreements Strong incentives for domestic production to replace expensive imports and Edenor, Transener and TGS…
  36. June 2017 Investor Presentation – Pampa Energia SA – slide 36
    Thank you Any Questions For further information, contact: Gustavo Mariani Vice President Ricardo Torres Vice President Mariano Batistella Planning, Strategy & Related Companies Executive Director Lida Wang Investor Relations…
  37. June 2017 Investor Presentation – Pampa Energia SA – slide 37
    Back Up Pampa Energa June 2017 38
  38. June 2017 Investor Presentation – Pampa Energia SA – slide 38
    Corporate Structure Note: (1) In process of merger by absorption with Petrobras Argentina S.A., Petrobras Energa Internacional S.A. and Albares Renovables Argentina S.A., being Pampa Energa S.A. the continuing entity. (2) In process…
  39. June 2017 Investor Presentation – Pampa Energia SA – slide 39
    Corporate Structure (contd) Note: (1) In process of merger by absorption with Petrobras Argentina S.A., Petrobras Energa Internacional S.A. and Albares Renovables Argentina S.A., being Pampa Energa June 2017 Pampa Energa S.A. the…
  40. June 2017 Investor Presentation – Pampa Energia SA – slide 40
    The Acquisition of Petrobras Argentina Brief Summary of Transaction Tentative Timeline Binding offer on December 18, 2015 Jul 14, 2016 Refinancing of PZE 2017 Notes Beginning of exclusivity period on March 2, 2016 Jul 27, 2016…

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