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March 2018 Investor Presentation – YPF S.A.

YPF S.A. · Mar 14, 2018 · 28 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 2018 Investor Presentation – YPF S.A. – slide 1
    INVESTOR PRESENTATION As of March 2018
  2. March 2018 Investor Presentation – YPF S.A. – slide 2
    CONTENTS 01 Company Overview 02 Business Assets Update 03 Financial Results 04 Conclusions 3
  3. March 2018 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. March 2018 Investor Presentation – YPF S.A. – slide 4
    RESULTS HIGHLIGHTS Revenues LTM 1 Exploration Production 7: 228 Kbbl/d of oil, 50 Kbbl/d of NGL and 44 Mm3/d of natural gas and production Proved Reserves 3 in 2017: 480 mm bbl of liquids and 449 mm boe of gas USD 15,291 mm Unique…
  5. March 2018 Investor Presentation – YPF S.A. – slide 5
    LEADING ARGENTINE O&G COMPANY Upstream Downstream MARKET SHARE BREAKDOWN (%) MARKET SHARE BREAKDOWN (%) Oil Others Crude Processing 1 No. of Gas Stations 2 Production 1 18% Others: 3% 2% Others 4% 46% 5%4% 27% 4% 36% 14% 59%…
  6. March 2018 Investor Presentation – YPF S.A. – slide 6
    INTEGRATED ACROSS VALUE CHAIN Oil Domestic Purchases Domestic market business market 79% Domestic prices (gasoline, diesel) 91% 21% International prices (bunker, jet fuel, petrochemicals, lubricants, LPG and others)…
  7. March 2018 Investor Presentation – YPF S.A. – slide 7
    OUR TARGETS 5-YEAR BUSINESS PLAN 2018-2022 (1) PRODUCTION RESERVES EBITDA CAPEX NET DEBT 2018 - 2022 2018 - 2022 CAGR Bn USD / YEAR TO EBITDA 2018 - 2022 2018 - 2022 2022 +25% +50% +10% 4/4.5 1.5x (1) EBITDA = Operating…
  8. March 2018 Investor Presentation – YPF S.A. – slide 8
    CONTENTS 01 Company Overview 02 Business Assets Update 03 Financial Results 04 Conclusions 9
  9. March 2018 Investor Presentation – YPF S.A. – slide 9
    UPSTREAM - SIGNIFICANT POTENTIAL WITH LEADING MARKET POSITION YPF has 112 concessions in the most productive Argentine Cuyana Proved reserves: 29 mm boe basins (total reserves 1P: 929 mm boe) and 23 exploration % liquids: 99% blocks…
  10. March 2018 Investor Presentation – YPF S.A. – slide 10
    REVIEW OF FY 2017 OPERATIONS PRODUCTION Total production was down 3.9%. 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…
  11. March 2018 Investor Presentation – YPF S.A. – slide 11
    REVIEW OF FY 2017 OPERATIONS RESERVES Proved Reserves decreased by 16.5%, partially affected by lower domestic crude oil prices. TOTAL HYDROCARBON RESERVES (MBOE) 1.212 1.226 1.132 1.083 1.113 1.014 982 1.005 979 929 2008…
  12. March 2018 Investor Presentation – YPF S.A. – slide 12
    REVIEW OF FY 2017 OPERATIONS SHALE OIL & GAS UPDATE NET SHALE O&G PRODUCTION LOMA CAMPANA HORIZONTAL WELL COST (KBOE/D) (KUSD/LATERAL FT.) 42.1 3.05 38.1 32.7 2.27 27.2 1.63 1.39 15.2 11.6 2013 2014 2015 2016 2017 Q4 2017…
  13. March 2018 Investor Presentation – YPF S.A. – slide 13
    Ongoing Development BAJO DEL REVIEW OF FY 2017 OPERATIONS Ongoing Pilots SALINAS DEL HUITRIN TORO SHALE OIL & GAS UPDATE 2018 Planned Pilots CERRO LAS Fold & Thrust Belt MINAS Volatile Oil to Gas 3,200 meters long lateral…
  14. March 2018 Investor Presentation – YPF S.A. – slide 14
    DOWNSTREAM - SOLID MARKET LEADERSHIP Monthly Diesel Sales (Km3) 800 -0.7% Lujn Proved de Cuyo reserves: refinery 85 M boe 750 A % liquids: 98 D Capacity: % gas: 2 105.5 kbbl/d 700 2016 Production: 8.8 M boe 2017 650 2015 La…
  15. March 2018 Investor Presentation – YPF S.A. – slide 15
    REVIEW OF FY 2017 OPERATIONS DOWNSTREAM PERFORMANCE Sales volumes decreased by 0.5% due to lower sales volumes of fuel oil, LPG and diesel that more than offset higher sales volumes of gasoline and jet fuel. Refinery output flat.…
  16. March 2018 Investor Presentation – YPF S.A. – slide 16
    REVIEW OF FY 2017 OPERATIONS GAS & POWER UPDATE Recently announced an agreement with Implied valuation of YPF EE of GE to capitalize YPF EE; YPF would get USD 1,100 M to USD 1,240 M diluted to 75%. YPF EE has 1,807 MW (1) of…
  17. March 2018 Investor Presentation – YPF S.A. – slide 17
    REVIEW OF DOMESTIC FUEL AND CRUDE OIL PRICES F.O.B. Refinery/Terminal Taxes F.O.B. REFINERY/TERMINAL VS IMPORT PARITY (1) PUMP PRICES BREAKDOWN Comission & Freight % VARIATION % - AS OF MARCH 1ST 2018 RBOB+Etanol vs. Gasoline (2)…
  18. March 2018 Investor Presentation – YPF S.A. – slide 18
    REVIEW OF NATURAL GAS PRICE SCHEME Market prices are increasing while subsidies are being reduced; average realization price for YPF expected to remain flat. NATURAL GAS MARKET PRICES (1) PLAN GAS INCENTIVES USD/MMBTU, % VOLUMES,…
  19. March 2018 Investor Presentation – YPF S.A. – slide 19
    CONTENTS 01 Company Overview 02 Business Assets Update 03 Financial Results 04 Conclusions 20
  20. March 2018 Investor Presentation – YPF S.A. – slide 20
    REVIEW OF FY 2017 OPERATIONS RESULTS EXPRESSED IN US DOLLARS Adj. EBITDA increased by 2.3% driven by a 7.2% increase in Revenues partially offset by a 8.7% increase in Cash Costs and one-time gains in 2016. REVENUES (1) ADJ. EBITDA…
  21. March 2018 Investor Presentation – YPF S.A. – slide 21
    CAPEX BREAKDOWN Capex was down 7.6% in peso terms and Upstream Activity breakdown: 70% in drilling 17.8% in USD terms, mainly due to the and workovers, 24% in facilities decrease in activity in the Upstream segment. and 6% in…
  22. March 2018 Investor Presentation – YPF S.A. – slide 22
    FINANCIAL SITUATION Strong cash position at the end of 2017 and positive free cash flow; cash flow from operations up by 8.6%. CONSOLIDATED STATEMENT OF ADJUSTED CASH FLOWS CASH FLOW FROM OPERATIONS (IN MILLIONS OF USD) (IN MILLIONS…
  23. March 2018 Investor Presentation – YPF S.A. – slide 23
    FINANCIAL SITUATION Cash position strengthened by new debt issuances and strong cash flow generation in 2017. FINANCIAL DEBT AMORTIZATION SCHEDULE (1) (2) (IN MILLIONS OF USD) 4,385 2,241 2,115 76.4% denominated in USD 1,386…
  24. March 2018 Investor Presentation – YPF S.A. – slide 24
    CONSOLIDATED BALANCE SHEET Balance sheet 12/31/2017 12/31/16 VAR % (Ps million) (Ps million) 2017 / 2016 Cash & ST investments 28,738 10,757 167% Property, plant & equipment 354,443 308,014 15% Other assets 122,537 102,368 20% Total…
  25. March 2018 Investor Presentation – YPF S.A. – slide 25
    CONSOLIDATED INCOME STATEMENT Income 2017 2016 VAR % Q4 2017 Q4 2016 VAR % statement (Ps million) (Ps million) 2017 / 2016 (Ps Million) (Ps Million) Q4 2017 / Q4 2016 Revenues 252,813 210,100 20% 69,614 54,558 28% Operating…
  26. March 2018 Investor Presentation – YPF S.A. – slide 26
    CONTENTS 01 Company Overview 02 Business Assets Update 03 Financial Results 04 Conclusions 27
  27. March 2018 Investor Presentation – YPF S.A. – slide 27
    SUMMARY Reaffirm 5-year business plan unveiled in 2017 Strong economy is resulting in continued demand growth for all our products New market environment with liberalized prices in the downstream business; focus on margins…
  28. March 2018 Investor Presentation – YPF S.A. – slide 28
    INVESTOR PRESENTATION As of March 2018

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