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December 2016 Investor Presentation – YPF S.A.

YPF S.A. · Dec 30, 2016 · 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. December 2016 Investor Presentation – YPF S.A. – slide 1
    Investor Presentation As of December 2016 1
  2. December 2016 Investor Presentation – YPF S.A. – slide 2
    Contents 1 Company Overview 2 Upstream and Downstream 3 Financial Results 4 Conclusions 3 3
  3. December 2016 Investor Presentation – YPF S.A. – slide 3
    Corporate Governance Shareholder structure Board composition Chairman of the Board Argentine government Other Members Mr. Gutirrez Argentine government Series A Mr. Monti 48.99% Mr. Rodriguez Simn Free float Shares Class A Mr.…
  4. December 2016 Investor Presentation – YPF S.A. – slide 4
    2016 Results Highlights Revenues LTM 1 Exploration Production 7: 244,7 Kbbl/d of oil, 52,5 Kbbl/d of NGL and 44,6 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 14,262…
  5. December 2016 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 17% Others: 2% Others 4% 46% 4% 5% 27% 5% 4% 56% 36% 16% 6%…
  6. December 2016 Investor Presentation – YPF S.A. – slide 6
    Integrated Across Value Chain Oil Purchases Domestic market Domestic business market 77% Domestic prices (gasoline, diesel) 91% 23% International prices (bunker, jet fuel, petrochemicals, lubricants, LPG and others)…
  7. December 2016 Investor Presentation – YPF S.A. – slide 7
    Contents 1 Company Overview 2 Upstream and Downstream 3 Financial Results 4 Conclusions 8 8
  8. December 2016 Investor Presentation – YPF S.A. – slide 8
    Upstream - Significant Potential with Leading Market Position Cuyana YPF has 110 concessions in the most productive Argentine basins Proved reserves: 49 mm boe (total reserves 1P: 1,113 mm boe) and 23 exploration blocks % liquids:…
  9. December 2016 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 (kbbl/d) Natural gas production (Mm3/d) +8% +34% 256.8 (vs. 2012) (vs. 2012) 46.9 249.7…
  10. December 2016 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. December 2016 Investor Presentation – YPF S.A. – slide 11
    Shale Oil & Gas Update Gross Shale O&G production Loma Campana horizontal wells cost 62.3 (Kboe/d)* 58.2 Well Cost Frac Stages 16.9 17,3 16,8 50.6 49.8 51.6 15.6 46.2 14.3 41.7 43.3 38.0 8.8 31.7 22.7 19.0 16.2 16.6 13.6…
  12. December 2016 Investor Presentation – YPF S.A. – slide 12
    Shale Oil & Gas Highlights Significant well cost reduction Improved productivity Substantial infrastructure in place 10 pilot projects to be launched in 2017 USD 300 million JV with Shell announced New focus on natural gas…
  13. December 2016 Investor Presentation – YPF S.A. – slide 13
    Tight Gas Developments Tight gas production Tight Gas Operated Gross Production - Mm3/d represented 22% of total natural gas production 11.7 12.1 in Q4 2016. TG EFO Lajas 11.0 TG RdM Mulichinco Ro Neuqun and Aguada TG ATSB Lajas 9.0…
  14. December 2016 Investor Presentation – YPF S.A. – slide 14
    Downstream - Solid Market Leadership Monthly Diesel Sales (Km3) Lujn de Cuyo refinery AProved reserves: % liquids: 98 85 M boe D 800 - 4.1% Capacity: % gas: 2 105.5 kbbl/d 750 Production: 8.8 M boe 700 2016 La Plata Proved…
  15. December 2016 Investor Presentation – YPF S.A. – slide 15
    Downstream Performance Sales volumes were down by 3.3% due to lower diesel and gasoline demand. New coke unit will enable a 10% increase in diesel production. Crude processed Domestic sales of refined products (kbbl/d) (Km3)…
  16. December 2016 Investor Presentation – YPF S.A. – slide 16
    Gas & Energy Update Additional capacity from new projects (2017-2018) +575 MW Loma Campana I project start-up in Q3 2017 (100MW) Loma Campana II project start-up in Q4 2017 (105MW) Manantiales Behr wind farm 1st stage…
  17. December 2016 Investor Presentation – YPF S.A. – slide 17
    Capex Breakdown Capex was down 35.6% in USD terms and up 2.7% in pesos, mostly due to reduced activity in the Upstream segment. Upstream Downstream (in millions of Ps) Upstream Activity breakdown: 69% in drilling Gas & Energy and…
  18. December 2016 Investor Presentation – YPF S.A. – slide 18
    Contents 1 Company Overview 2 Upstream and Downstream 3 Financial Results 4 Conclusions 19 19
  19. December 2016 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 (US mm) Adj. EBITDA 1 2 3 (US mm) & Adj. EBITDA Margin (%) +6% -4% -16% 17,576…
  20. December 2016 Investor Presentation – YPF S.A. – slide 20
    Cash Flow From Operations Strong cash & cash equivalents position by the end of 2016; Adjusted Operating Cash Flow was mainly affected by 60% devaluation of the currency. Consolidated statement of adjusted cash flows Adjusted Cash…
  21. December 2016 Investor Presentation – YPF S.A. – slide 21
    2016 Financial Situation Cash position strengthened by new debt issuances and strong cash flow generation in 2016. Financial debt amortization schedule (1) (2) (in millions of USD) 3,153 73% denominated in USD and 27% in Pesos…
  22. December 2016 Investor Presentation – YPF S.A. – slide 22
    Consolidated Balance Sheet Balance sheet 12/31/16 12/31/15 VAR % (Ps million) (Ps million) 2016 / 2015 Cash & ST investments 10,757 15,387 -30% Property, plant & equipment 308,014 270,905 14% Other assets 102,368 77,161 33%…
  23. December 2016 Investor Presentation – YPF S.A. – slide 23
    Consolidated Income Statement Income 12 months 12 months VAR % Q4 2016 Q4 2015 VAR % statement 2016 2015 2016 / 2015 (Ps Million) (Ps Million) Q4 2016 / Q4 2015 (Ps million) (Ps million) Revenues 210,100 156,136 35% 54,558…
  24. December 2016 Investor Presentation – YPF S.A. – slide 24
    Contents 1 Company Overview 2 Upstream and Downstream 3 Financial Results 4 Conclusions 25 25
  25. December 2016 Investor Presentation – YPF S.A. – slide 25
    Conclusions Outlook 2017 2016 was a transition year with management and BOD changes but strategy was reaffirmed; the Company performed in line with guidance Main accomplishments were significant improvements in Vaca Muerta and the…
  26. December 2016 Investor Presentation – YPF S.A. – slide 26
    NUESTRA ENERGA

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