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December 2017 Investor Presentation – YPF S.A.

YPF S.A. · Dec 29, 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. December 2017 Investor Presentation – YPF S.A. – slide 1
    INVESTOR PRESENTATION As of December 2017
  2. December 2017 Investor Presentation – YPF S.A. – slide 2
    CONTENTS 01 Company Overview 02 Business Assets Update 03 Financial Results 04 Conclusions 3
  3. December 2017 Investor Presentation – YPF S.A. – slide 3
    CORPORATE GOVERNANCE Shareholder structure Board composition Other Members Chairman of the Board Argentine government Mr. Monti Mr. Gutirrez Argentine government Series A Mr. Rodriguez Simn Mr. Bruno 51.0% Free float Mr. Donnini…
  4. December 2017 Investor Presentation – YPF S.A. – slide 4
    RESULTS HIGHLIGHTS Revenues LTM 1 Exploration Production 7: 230 Kbbl/d of oil, 52 Kbbl/d of NGL and 45 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 14,857 mm Unique…
  5. December 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: 3% 1% Others 4% 46% 5%4% 27% 4% 36% 16% 58%…
  6. December 2017 Investor Presentation – YPF S.A. – slide 6
    INTEGRATED ACROSS VALUE CHAIN Oil Domestic Purchases Domestic market business market 78% Domestic prices (gasoline, diesel) 91% 22% International prices (bunker, jet fuel, petrochemicals, lubricants, LPG and others)…
  7. December 2017 Investor Presentation – YPF S.A. – slide 7
    CONTENTS 01 Company Overview 02 Business Assets Update 03 Financial Results 04 Conclusions 8
  8. December 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. December 2017 Investor Presentation – YPF S.A. – slide 9
    RECENT PERFORMANCE IN PRODUCTION Crude oil production was down mainly due to a reduction in drilling activity and the effects of the severe weather conditions in Q2 2017. Crude oil production Natural gas production (kbbl/d) (Mm3/d)…
  10. December 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. December 2017 Investor Presentation – YPF S.A. – slide 11
    SHALE OIL & GAS UPDATE Net Shale O&G production (Kboe/d) Loma Campana horizontal well cost (KUSD/lateral ft) 37.6 2.77 2.77 36.4 32.7 2.31 27.2 2.03 1.88 1.73 1.73 1.62 15.2 11.6 2013 2014 2015 2016 1H 2017 Q3 2017 Q4 2015…
  12. December 2017 Investor Presentation – YPF S.A. – slide 12
    SHALE OIL & GAS UPDATE 01 02 03 04 05 Loma Campana: El Orejano: La Amarga Chica: Rincn del Mangrullo: New pilots: First horizontal well with Completed first pad 3-year pilot to be Completed first 3 wells 11 wells to be 2,500 m…
  13. December 2017 Investor Presentation – YPF S.A. – slide 13
    TIGHT GAS DEVELOPMENTS Tight Gas Net Production* - Mm3/d 13.8 14.1 11.7 9.0 Tight gas production represented 32% of total 6.8 natural gas production in Q3 2017. 5 new wells in Aguada Toledo, 8 in Rincn 0.8 del Mangrullo and…
  14. December 2017 Investor Presentation – YPF S.A. – slide 14
    DOWNSTREAM - SOLID MARKET LEADERSHIP Monthly Diesel Sales (Km3) 800 +1.3% 750 Lujn Proved de Cuyo reserves: refinery 85 M boe A% liquids: 98 D 700 Capacity: % gas: 2 105.5 kbbl/d 2016 Production: 8.8 M boe 650 2017 2015 600…
  15. December 2017 Investor Presentation – YPF S.A. – slide 15
    DOWNSTREAM PERFORMANCE Sales volumes decreased by 3.2% due to lower sales volumes of fuel oil and LPG, that more than offset higher sales volumes of diesel and gas oil. Refinery output increased by 0.6%. Crude processed Domestic sales…
  16. December 2017 Investor Presentation – YPF S.A. – slide 16
    RESULTS GAS & POWER UPDATE Loma Campana I recently commenced Recently awarded PPAs for operations adding 107 MW and Loma 80 MW cogeneration in La Campana II expected to commence Plata and 200 MW add-on operations during November…
  17. December 2017 Investor Presentation – YPF S.A. – slide 17
    CAPEX BREAKDOWN Capex was 6% up in Argentine peso terms and down 8.3% in USD terms, mostly due to more activity in the Upstream segment and, to a lesser extent, in the Gas & Power segment. Devaluation of 16%. (US in millions) Others…
  18. December 2017 Investor Presentation – YPF S.A. – slide 18
    CONTENTS 01 Company Overview 02 Business Assets Update 03 Financial Results 04 Conclusions 19
  19. December 2017 Investor Presentation – YPF S.A. – slide 19
    RESULTS Adj. EBITDA increased by 0.9% driven by a 2.2% increase in Revenues and partially offset by a 3.2% increase in Cash Costs. Revenues 1 Adj. EBITDA 1 2 & Adj. EBITDA Margin (%) (US mm) (US mm) -4% 17,576 -16% 16,957 30%…
  20. December 2017 Investor Presentation – YPF S.A. – slide 20
    FINANCIAL SITUATION Strong cash position at the end of Q3 2017; neutral free cash flow before interest expenses and cash flow from operations down by %. Consolidated statement of adjusted cash flows Adjusted Cash flow from…
  21. December 2017 Investor Presentation – YPF S.A. – slide 21
    FINANCIAL SITUATION Cash position supported by solid operating cash flow generation 76.4% denominated in USD in Q3 2017. Leverage ratio within the 2x area guidance. and 23.6% in Argentine Pesos Financial debt amortization schedule…
  22. December 2017 Investor Presentation – YPF S.A. – slide 22
    CONSOLIDATED BALANCE SHEET Balance sheet 09/30/2017 12/31/16 VAR % (Ps million) (Ps million) 2017 / 2016 Cash & ST investments 15,881 10,757 48% Property, plant & equipment 334,670 308,014 9% Other assets 110,733 102,368 8% Total…
  23. December 2017 Investor Presentation – YPF S.A. – slide 23
    CONSOLIDATED INCOME STATEMENT Income 2016 2015 VAR % Q3 2017 Q3 2016 VAR % statement (Ps million) (Ps million) 2016 / 2015 (Ps Million) (Ps Million) Q3 2017 / Q3 2016 Revenues 210,100 156,136 35% 66,034 55,849 18% Operating…
  24. December 2017 Investor Presentation – YPF S.A. – slide 24
    CONTENTS 01 Company Overview 02 Business Assets Update 03 Financial Results 04 Conclusions 25
  25. December 2017 Investor Presentation – YPF S.A. – slide 25
    SUMMARY Strong quarter in line with expectations; reaffirming guidance Thriving economy is resulting in continued demand growth for all our products Important recovery in prices for crude oil and fuels Disappointing outcome of new…
  26. December 2017 Investor Presentation – YPF S.A. – slide 26
    INVESTOR PRESENTATION As of December 2017

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