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August 2017 Investor Presentation – YPF S.A.

YPF S.A. · Aug 22, 2017 · 26 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. August 2017 Investor Presentation – YPF S.A. – slide 1
    INVESTOR PRESENTATION As of August 2017
  2. August 2017 Investor Presentation – YPF S.A. – slide 2
    CONTENTS 01 Company Overview 02 Business Assets Update 03 Financial Results 04 Conclusions 3
  3. August 2017 Investor Presentation – YPF S.A. – slide 3
    CORPORATE GOVERNANCE Shareholder structure Board composition Chairman of the Board Argentine government Other Members Mr. Gutirrez 51.0% Argentine government Series A Mr. Monti Mr. Rodriguez Simn Free float Shares Class A Mr.…
  4. August 2017 Investor Presentation – YPF S.A. – slide 4
    RESULTS HIGHLIGHTS Revenues LTM 1 Exploration Production 7: 234,8 Kbbl/d of oil, 52,6 Kbbl/d of NGL and 44,8 Mm3/d of natural gas and production Proved Reserves 3 4 in 2016: 592 mm bbl of liquids and 521 mm boe of gas US 14,775 mm…
  5. August 2017 Investor Presentation – YPF S.A. – slide 5
    LEADING ARGENTINE O&G COMPANY Upstream Downstream MARKET SHARE BREAKDOWN (%) MARKET SHARE BREAKDOWN (%) Oil Others Crude Processing 2 No. of Gas Stations 2 Production 1 18% Others: 1% Others 3% 46% 4% 5%4% 27% 4% 58% 36% 16%…
  6. August 2017 Investor Presentation – YPF S.A. – slide 6
    INTEGRATED ACROSS VALUE CHAIN Oil Domestic Purchases Domestic market business market 77% Domestic prices (gasoline, diesel) 92% 23% International prices (bunker, jet fuel, petrochemicals, lubricants, LPG and others)…
  7. August 2017 Investor Presentation – YPF S.A. – slide 7
    CONTENTS 01 Company Overview 02 Business Assets Update 03 Financial Results 04 Conclusions 8
  8. August 2017 Investor Presentation – YPF S.A. – slide 8
    UPSTREAM - SIGNIFICANT POTENTIAL WITH LEADING MARKET POSITION YPF has 110 concessions in the most productive Argentine Cuyana Proved reserves: 49 mm boe basins (total reserves 1P: 1,113 mm boe) and 23 exploration % liquids: 98% blocks…
  9. August 2017 Investor Presentation – YPF S.A. – slide 9
    RECENT PERFORMANCE IN PRODUCTION Crude oil production affected by severe weather conditions and labor conflicts in Q2 2017. Crude oil production Natural gas production (kbbl/d) (Mm3/d) -0.5% -10.1% 250 245 44.2 44.6 44.8 44.8…
  10. August 2017 Investor Presentation – YPF S.A. – slide 10
    RESERVES Proved Reserves decreased by 9%, mainly due to lower domestic crude oil prices. Total hydrocarbon reserves (Mboe) RRR: 46% 1,283 1,212 1,226 1,132 1,113 1,014 1,083 982 1,005 979 2007 2008 2009 2010 2011 2012…
  11. August 2017 Investor Presentation – YPF S.A. – slide 11
    SHALE OIL & GAS UPDATE Net Shale O&G production (Kboe/d) Loma Campana horizontal 1,500 meter type well cost (in millions of USD) 34.5 35.3 Well Cost Frac Stages 30.4 17 18 18 26.4 14 16 15.0 9 11.6 16.2 16.6 13.7 10.5 8.2 8.2…
  12. August 2017 Investor Presentation – YPF S.A. – slide 12
    SHALE OIL & GAS UPDATE First 2 wells with 2,500m long laterals successfully completed. One with 32 frac stages and the other with 30, both in Loma Campana. Starting hydraulic stimulation in the first pad of 6 wells in line with…
  13. August 2017 Investor Presentation – YPF S.A. – slide 13
    TIGHT GAS DEVELOPMENTS Tight Gas Net Production - Mm3/d 13.7 13.8 11.7 Tight gas production 9.0 represented 31% of total natural gas production 6.8 in Q2 2017. 8 new wells in Aguada Toledo, 4 in Rincn del Mangrullo and 9 in…
  14. August 2017 Investor Presentation – YPF S.A. – slide 14
    DOWNSTREAM - SOLID MARKET LEADERSHIP Monthly Diesel Sales (Km3) 800 750 -4.1% Lujn de Cuyo refinery AProved reserves: % liquids: 98 85 M boe D 700 2016 Capacity: % gas: 2 105.5 kbbl/d Production: 8.8 M boe 650 2015 600…
  15. August 2017 Investor Presentation – YPF S.A. – slide 15
    DOWNSTREAM PERFORMANCE Sales volumes increased by 1.1% due to higher volumes of gasoline and others, mainly asphalts, that more than offset lower volumes of diesel and fuel oil. Refinery output increased by 2.2%. Crude processed…
  16. August 2017 Investor Presentation – YPF S.A. – slide 16
    GAS & ENERGY UPDATE Current capacity of 1,300 Mw to be enhanced with ongoing projects. Loma Campana I and Loma Campana II expected to add 205 MW in 2nd half of 2017 Tucumn expected to add 270 MW in the first half of 2018 100 MW Wind…
  17. August 2017 Investor Presentation – YPF S.A. – slide 17
    CAPEX BREAKDOWN Capex was down in USD terms, mostly due to reduced activity in the Upstream segment. Upstream Downstream Gas & Energy Others Upstream Activity breakdown: 71% in drilling and workovers, 25% in facilities and 4% in…
  18. August 2017 Investor Presentation – YPF S.A. – slide 18
    CONTENTS 01 Company Overview 02 Business Assets Update 03 Financial Results 04 Conclusions 19
  19. August 2017 Investor Presentation – YPF S.A. – slide 19
    RESULTS Adj. EBITDA decreased by 14.8% despite a 3.1% increase in revenues; Ps 1.5 billion one-off gain in Q2 2016 due to the deconsolidation of Maxus explains most of the decline. Revenues 1 Adj. EBITDA 1 2 & Adj. EBITDA Margin (%)…
  20. August 2017 Investor Presentation – YPF S.A. – slide 20
    FINANCIAL SITUATION Strong cash position at the end of Q2 2017; solid operating cash flow due to an improvement in working capital. Second straight quarter of positive free cash flow before interest. Consolidated statement of…
  21. August 2017 Investor Presentation – YPF S.A. – slide 21
    FINANCIAL SITUATION Cash position strengthened by solid operating cash flow generation in Q2 2017. Leverage ratio within the 2x area guidance. Financial debt amortization schedule (1) (2) (in millions of USD) 3,505 73.2%…
  22. August 2017 Investor Presentation – YPF S.A. – slide 22
    CONSOLIDATED BALANCE SHEET Balance sheet 06/30/2017 12/31/16 VAR % (Ps million) (Ps million) 2017 / 2016 Cash & ST investments 13,455 10,757 25% Property, plant & equipment 320,643 308,014 4% Other assets 100,237 102,368 -2% Total…
  23. August 2017 Investor Presentation – YPF S.A. – slide 23
    CONSOLIDATED INCOME STATEMENT Income 2016 2015 VAR % Q2 2017 Q2 2016 VAR % statement (Ps million) (Ps million) 2016 / 2015 (Ps Million) (Ps Million) Q2 2017 / Q2 2016 Revenues 210,100 156,136 35% 60,162 52,759 14% Operating…
  24. August 2017 Investor Presentation – YPF S.A. – slide 24
    CONTENTS 01 Company Overview 02 Business Assets Update 03 Financial Results 04 Conclusions 25
  25. August 2017 Investor Presentation – YPF S.A. – slide 25
    SUMMARY Strong demand for fuels is evidence of recovering economy Soft fuel prices in the quarter; important increase in July Recent improvement in Vaca Muerta completion services should result in further development cost reduction…
  26. August 2017 Investor Presentation – YPF S.A. – slide 26
    INVESTOR PRESENTATION As of August 2017

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