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March 2017 Investor Presentation – YPF S.A.

YPF S.A. · Mar 31, 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. March 2017 Investor Presentation – YPF S.A. – slide 1
    INVESTOR PRESENTATION As of March 2017
  2. March 2017 Investor Presentation – YPF S.A. – slide 2
    CONTENTS 01 Company Overview 02 Upstream and Downstream 03 Financial Results 04 Conclusions 3
  3. March 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. March 2017 Investor Presentation – YPF S.A. – slide 4
    2016 RESULTS HIGHLIGHTS Revenues LTM 1 Exploration Production 7: 240,9 Kbbl/d of oil, 52,1 Kbbl/d of NGL and 44,9 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 14,658…
  5. March 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% 16% 58% 36% 5%…
  6. March 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. March 2017 Investor Presentation – YPF S.A. – slide 7
    CONTENTS 01 Company Overview 02 Upstream and Downstream 03 Financial Results 04 Conclusions 8
  8. March 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. March 2017 Investor Presentation – YPF S.A. – slide 9
    RECENT PERFORMANCE: STRONG EMPHASIS IN PRODUCTION INCREASE Reverted downward trend in production seen in recent years Crude oil production Natural gas production (kbbl/d) (Mm3/d) +6% +34% (vs. 2012) (vs. 2012) 256.8 46.9 249.7…
  10. March 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 1,083 1,113 1,014 982 1,005 979 2007 2008 2009 2010 2011 2012 2013…
  11. March 2017 Investor Presentation – YPF S.A. – slide 11
    BUSINESS UPDATE SHALE OIL & GAS Net Shale O&G production (Kboe/d) Loma Campana horizontal wells cost (in million of USD) Well Cost Frac Stages 34.3 18.8 30.3 17.0 26.4 14.3 15.6 8.8 15.0 11.6 (1) 16.2 16.6 14.2 10.5 8.1…
  12. March 2017 Investor Presentation – YPF S.A. – slide 12
    BUSINESS UPDATE SHALE OIL & GAS HIGHLIGHTS Substantial infrastructure in place 10 pilot projects to be launched in 2017 Two dedicated rigs de-risking Vaca Muerta in new pilots New JVs announced (Shell and SPM) Reshuffling of…
  13. March 2017 Investor Presentation – YPF S.A. – slide 13
    TIGHT GAS DEVELOPMENTS Tight Gas Net Production - Mm3/d 13.1 11.1 Tight gas production 8.3 represented 29% of total natural gas production in Q1 2017. 6.2 9 new wells in Aguada Toledo, 2 in Rincn del Mangrullo and 2 in…
  14. March 2017 Investor Presentation – YPF S.A. – slide 14
    DOWNSTREAM - SOLID MARKET LEADERSHIP Monthly Diesel Sales (Km3) - 3.4% Lujn de Cuyo refinery 800 Proved reserves: 85 M boe A% liquids: 98 D Capacity: % gas: 2 105.5 kbbl/d 750 Production: 8.8 M boe 700 2016 2017 650 La Plata…
  15. March 2017 Investor Presentation – YPF S.A. – slide 15
    GAS & ENERGY UPDATE Current capacity of 1,300 Mw. Ongoing projects fully funded will add 575 Mw. Identified an additional 2,000 Mw in future projects. Actively looking for new partners in our energy business to fund capex for further…
  16. March 2017 Investor Presentation – YPF S.A. – slide 16
    DOWNSTREAM PERFORMANCE Sales volumes were down by due to lower diesel and fuel oil demand. Refinery output decreased by due to lower fuel oil sales volumes. Crude processed Domestic sales of refined products (kbbl/d) (Km3) -1.7% -0.3%…
  17. March 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 Upstream Activity breakdown: 69% in drilling Gas & Energy (in millions of USD) and workovers, 19% in…
  18. March 2017 Investor Presentation – YPF S.A. – slide 18
    CONTENTS 01 Company Overview 02 Upstream and Downstream 03 Financial Results 04 Conclusions 19
  19. March 2017 Investor Presentation – YPF S.A. – slide 19
    RESULTS The devaluation of the local currency resulted in an immediate reduction of Revenues and Adj. EBITDA. Adj. EBITDA margin at 28%. Revenues 1 Adj. EBITDA 1 2 3 (US mm) (US mm) & Adj. EBITDA Margin (%) 29% 30% 28% -4% -13%…
  20. March 2017 Investor Presentation – YPF S.A. – slide 20
    FINANCIAL SITUATION Strong cash position by the end of Q1 2017; Adjusted Operating Cash Flow was very strong due to an increase in Adj. EBITDA and a reduction in working capital. First quarter of positive free cash flow.…
  21. March 2017 Investor Presentation – YPF S.A. – slide 21
    FINANCIAL SITUATION Cash position strengthened by solid operating cash flow generation in Q1 2017. Leverage ratio decreased. Financial debt amortization schedule (1) (2) (in millions of USD) 3,212 74% denominated in USD and 26%…
  22. March 2017 Investor Presentation – YPF S.A. – slide 22
    CONSOLIDATED BALANCE SHEET Balance sheet 3/31/17 12/31/16 VAR % (Ps million) (Ps million) 2017 / 2016 Cash & ST investments 10,757 10,757 6% Property, plant & equipment 308,014 308,014 -3% Other assets 102,368 102,368 -8% Total assets…
  23. March 2017 Investor Presentation – YPF S.A. – slide 23
    CONSOLIDATED INCOME STATEMENT Income 12 months 12 months VAR % Q1 2017 Q1 2016 VAR % statement 2016 2015 2016 / 2015 (Ps Million) (Ps Million) Q1 2017 / Q1 2016 (Ps million) (Ps million) Revenues 210,100 156,136 35% 57,003 46,934…
  24. March 2017 Investor Presentation – YPF S.A. – slide 24
    CONTENTS 01 Company Overview 02 Upstream and Downstream 03 Financial Results 04 Conclusions 25
  25. March 2017 Investor Presentation – YPF S.A. – slide 25
    SUMMARY Strong quarter; reaffirming guidance for 2017 Substantial Adj. EBITDA and Operating Income growth; expansion of margins Improving local demand; increase in market share More than doubled Operating Cashflow; positive Free…
  26. March 2017 Investor Presentation – YPF S.A. – slide 26
    INVESTOR PRESENTATION As of March 2017

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