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Q1 2018 Presentation – YPF S.A.

YPF S.A. · May 16, 2018 · 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. Q1 2018 Presentation – YPF S.A. – slide 1
    INVESTOR PRESENTATION As of May 2018
  2. Q1 2018 Presentation – YPF S.A. – slide 2
    CONTENTS 01 Company Overview 02 Business Assets Update 03 Financial Results 04 Conclusions 3
  3. Q1 2018 Presentation – YPF S.A. – slide 3
    CORPORATE GOVERNANCE Shareholder structure Board composition Other Members Chairman of the Board Argentine government Mr. Gutirrez Mr. Monti Argentine government Series A Mr. Rodriguez Simn 51.0% Free float Mr. Bruno Shares…
  4. Q1 2018 Presentation – YPF S.A. – slide 4
    RESULTS HIGHLIGHTS Revenues LTM 1 Exploration Production 7: 226 Kbbl/d of oil, 48 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 15,502 mm Unique…
  5. Q1 2018 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 2% Others 4% 46% 3% 5% 27% 4% 35% 16% 59% 5%…
  6. Q1 2018 Presentation – YPF S.A. – slide 6
    INTEGRATED ACROSS VALUE CHAIN Oil Domestic Purchases Domestic market business market 80% Domestic prices (gasoline, diesel) 91% 20% International prices (bunker, jet fuel, petrochemicals, lubricants, LPG and others)…
  7. Q1 2018 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. Q1 2018 Presentation – YPF S.A. – slide 8
    CONTENTS 01 Company Overview 02 Business Assets Update 03 Financial Results 04 Conclusions 9
  9. Q1 2018 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. Q1 2018 Presentation – YPF S.A. – slide 10
    RECENT PERFORMANCE IN PRODUCTION Natural gas production was down 3.5% since there was lower demand of this product in this quarter and crude oil was down 2.7%. CRUDE OIL PRODUCTION GAS PRODUCTION (KBBL/D) (Mm3/d) -2.7% -3.5% 245…
  11. Q1 2018 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. Q1 2018 Presentation – YPF S.A. – slide 12
    SHALE OIL & GAS UPDATE NET SHALE O&G PRODUCTION SHALE OIL HISTORICAL COST - LOMA CAMPANA (KBOE/D) (USD/BOE) 49.6 Development Cost (2) OPEX 29.6 38.1 32.7 27.2 16.4 16.1 12.0…
  13. Q1 2018 Presentation – YPF S.A. – slide 13
    SHALE OIL & GAS ACTIVITY Ongoing Development BAJO Operated Pilots DEL TORO Continue reducing development and lifting cost in Non-operated CERRO Pilots growth areas and preparing new developments LAS MINAS Volatile Oil to Gas…
  14. Q1 2018 Presentation – YPF S.A. – slide 14
    DOWNSTREAM - SOLID MARKET LEADERSHIP Monthly Diesel Sales (Km3) 750 +4.4% Lujn Proved de Cuyo reserves: refinery 85 M boe A% liquids: 98 D 700 2018 Capacity: 105.5 kbbl/d 2016 % gas: 2 Production: 8.8 M boe 650 2017 La Plata…
  15. Q1 2018 Presentation – YPF S.A. – slide 15
    REVIEW OF OPERATIONS DOWNSTREAM PERFORMANCE Sales volumes in the domestic market were down by 1.0% last quarter due to lower fuel oil sales while higher-value added products sales increased. Refinery output remained essentially flat.…
  16. Q1 2018 Presentation – YPF S.A. – slide 16
    GAS & ENERGY UPDATE 1.8 GW(1) of installed capacity in YPF EE. Strong pipeline of projects under construction to reach 2.4 GW by 2020 Capitalized YPF EE by bringing along GE as partner with 25% share in exchange of USD 275 M, plus a…
  17. Q1 2018 Presentation – YPF S.A. – slide 17
    CAPEX BREAKDOWN Capex was down in USD terms since 2016, but Upstream Activity breakdown: the reduction from 2017 is very small. 71.2% in drilling and workovers, 17.6% in facilities, 7.4% in exploration and 3.8% Upstream Downstream…
  18. Q1 2018 Presentation – YPF S.A. – slide 18
    CONTENTS 01 Company Overview 02 Business Assets Update 03 Financial Results 04 Conclusions 19
  19. Q1 2018 Presentation – YPF S.A. – slide 19
    RESULTS EXPRESSED IN US DOLLARS Recurring Adj. EBITDA increased by 16% driven by a 6% increase in Revenues above Cash cost increase of 5.2%. REVENUES (1) RECURRING ADJ. EBITDA (1) (2) (IN MILLIONS OF USD) (IN MILLIONS OF USD)…
  20. Q1 2018 Presentation – YPF S.A. – slide 20
    FINANCIAL SITUATION Strong cash position at the end of Q1 2018 and positive free cash flow. Increase in working capital. CONSOLIDATED STATEMENT OF ADJUSTED CASH FLOWS CASH FLOW FROM OPERATIONS (IN MILLIONS OF USD) (IN MILLIONS OF…
  21. Q1 2018 Presentation – YPF S.A. – slide 21
    FINANCIAL SITUATION Cash position supported by solid operating cash flow generation in Q1 2018. Leverage ratio within the 2x area guidance. FINANCIAL DEBT AMORTIZATION SCHEDULE (1) (2) (IN MILLIONS OF USD) 4,374 2,107 1,642…
  22. Q1 2018 Presentation – YPF S.A. – slide 22
    CONSOLIDATED BALANCE SHEET Balance sheet 03/31/2018 12/31/17 VAR % (Ps million) (Ps million) 2018 / 2017 Cash & ST investments 42,345 41,674 2% Property, plant & equipment 377,055 354,443 6% Other assets 132,859 109,601 21% Total…
  23. Q1 2018 Presentation – YPF S.A. – slide 23
    CONSOLIDATED INCOME STATEMENT Income 2017 2016 VAR % Q1 2018 Q1 2017 VAR % statement (Ps million) (Ps million) 2017 / 2016 (Ps Million) (Ps Million) Q1 2018 / Q1 2017 Revenues 252,813 210,100 20% 75,823 57,003 33% Recurring…
  24. Q1 2018 Presentation – YPF S.A. – slide 24
    CONTENTS 01 Company Overview 02 Business Assets Update 03 Financial Results 04 Conclusions 25
  25. Q1 2018 Presentation – YPF S.A. – slide 25
    SUMMARY Reaffirming guidance of +10% EBITDA and production -2% area Strong demand is resulting in continued growth for all our products Improved financial ratios; positive free cash flow Production stabilized in line with our…
  26. Q1 2018 Presentation – YPF S.A. – slide 26
    INVESTOR PRESENTATION As of May 2018

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