CONTENTS COMPANY DESCRIPTION BUSINESS PLAN 2019-2023 3
YPF TODAY A 95-year- Publicly The largest World-class The leading downstream player YPF Luz fifth- old traded O&G producer shale producer in Argentina largest power company corporation in Argentina generator in 3 refineries: 50% of…
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 20% Others Others 2% 45% 3% 4% 2% 27% 4% 16% 35% 61%…
INTEGRATED ACROSS VALUE CHAIN Oil Domestic Purchases Domestic market business market 83% Domestic prices (gasoline, diesel) 90% 17% International prices (bunker, jet fuel, petrochemicals, lubricants, LPG and others)…
UPSTREAM: SIGNIFICANT POTENTIAL WITH LEADING MARKET POSITION Cuyana YPF has 112 concessions in the most productive Argentine Proved reserves: 29 mm boe basins (total reserves 1P: 929 mm boe) and 23 exploration % liquids: 99% blocks…
DOWNSTREAM: SOLID MARKET LEADERSHIP Monthly Diesel Sales (Km3) 800 Lujn Proved de Cuyo reserves: refinery 85 M boe +8.7% A % liquids: 98 D 750 2018 Capacity: % gas: 2 105.5 kbbl/d Production: 8.8 M boe 700 2017 650 La Plata…
FUEL PRICES ALREADY IN LINE WITH IMPORT PARITY AFTER GRADUAL ADJUSTMENTS FUELS BLENDED PRICE VS IMPORT PARITY(1) (% VARIATION) Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18…
SIMPLIFYING CURRENT PROCESSES 2018 MAIN INITIATIVES TRANSFORMATION STRATEGY Well construction optimization Upstream operational efficiency Logistic optimization 15 +1,000 Energy efficiency Key People people with fully dedicated…
MANAGEMENT BY OBJECTIVES INCENTIVE-BASED COMPENSATION Company-wide objectives cover Approximately Sustainability, Efficiency, Capital 82% 1,000 Discipline, Financial Discipline of employees receive short-term cash bonus employees…
OUR CASH POSITION IS ENOUGH TO COVER NEXT 12 MONTHS DEBT MATURITIES FINANCIAL DEBT AMORTIZATION SCHEDULE (1) (2) USD denominated debt DETAILS (In Millions of USD) Peso denominated debt 1,759 1,767 89.8% denominated in USD and…
CONTENTS COMPANY DESCRIPTION BUSINESS PLAN 2019-2023 14
OUR STRATEGY Operational Profitable excellence and growth sustainability STRATEGIC Financial PLAN Innovation discipline and technology Transformation Integrated of our operations energy company and culture
SAFETY AND SUSTAINABILITY AS CORE VALUES TOTAL IFR of people injured for each million hours worked 2012 - 2018 (1) 1.89 YPF IFR ARPEL TIDLP ESG TARGETS BY 2022 1.05 1.05 0.91 0.91 0.74 10% CO2 emissions reduction…
OUR TARGETS 5-YEAR BUSINESS PLAN / 2019-2023 (2) PRODUCTION RESERVE Adj. EBITDA CAPEX NET DEBT CAGR R.R (1) CAGR PER YEAR TO EBITDA 2019 - 2023 2019 - 2023 2019 - 2023 2019 - 2023 2023 5-7% 1x 10% 4-5…
PLANNING FOR OUTSTANDING PRODUCTION GROWTH Building on our strength as unconventional leader outside USA PRODUCTION (KBOE/DAY) Oil NGL Gas 2018-2023 5-7% CAGR +20% Favoring High return & Short cycle developments 3 FIDs before…
PRODUCTION GROWTH DRIVEN BY UNCONVENTIONAL PROJECTS TOTAL PRODUCTION (KBOE/DAY) Unconventional CAPEX Unconventional 2018-2023 Conventional 2019-2023 Conventional 5-7% CAGR 70% 31% 33% 3.6 BUSD per year 69% 67% 30%…
WHILE ACTIVELY MANAGING THE DECLINE OF OUR CONVENTIONAL FIELDS CONVENTIONAL PRODUCTION (KBOE/DAY) Secondary Natural gas 2018-2023 Primary Tertiary Base curve -14% -5% Per year Per year Smoothing the decline rate by…
EXPANDING UNCONVENTIONAL OUTPUT FROM VACA MUERTA UNCONVENTIONAL PRODUCTION (KBOE/DAY) 2018-2023 Tight gas La Amarga Chica Rincn del Mangrullo Other Shale Projects Base curve Loma Campana Bandurra Sur A. De la Arena +150% VACA…
MAJOR SHALE PROJECTS GAS OIL 2019 Rincn del Mangrullo Loma Campana Ph2 La Ribera La Amarga Chica Bandurria Sur 2020 Aguada de la Arena San Roque La Calera Bajada de Aelo A. Pichana Oeste Pampa de las Yeguas I 2021 Bajo del…
LOMA CAMPANA CONTINUOUSLY INCREASING WELL PRODUCTIVITY AVERAGE CUMULATIVE OIL PRODUCTION (KBOE) 200 Cum. Production 150 + 40% (2016 - 2018) 100 Avg 2018 (27 stg) 22 wells - EUR 900 kboe 50 Avg 2017 (21 stg) 30 wells…
AND REDUCING DEVELOPMENT COST AND OPEX DEVELOPMENT COST (USD/BOE) OPEX (USD/BOE) 29 16 -62% -56% -14% -27% 7 11 6 8 2015 Q3 18 2023 2015 2018 2023
SHALE GAS DEVELOPMENT DRIVES A NEW PARADIGM IN GAS MARKET Similar to USA, Argentina is shifting from gas importer to gas exporter 240 Domestic base demand Potential production Mm3/d Mm3/d 220 200 180 160 140…
OPPORTUNITIES ALONG THE INTEGRATED GAS VALUE CHAIN UPSTREAM MIDSTREAM EXPORTS POWER GENERATION PETROCHEMICALS 1 acreage holder MEGA: Potential 2019 Expect 3 to 4 GW Under study: outside USA expansion under study Exporting gas to…
TANGO FLNG BARGE-BASED FLOATING LIQUEFACTION UNIT First step towards positioning Argentina as an LNG export player Arriving Q1 -2019 LNG production Q2 2019 Expected sales around USD 200 million per year LOCATED LIQUEFACTION…
DOWNSTREAM BUILDING ON OUR LEADING POSITION TO DELIVER VALUE OPTIMIZING PURSUING LOGISTIC OUR OPERATIONS EFFICIENCY 100% Crude oil self sufficiency by 2021 Oil pipelines expansion +15% Crude processing Road trains improvement +20%…
RESHAPING OUR BUSINESS TO PROFIT FROM SHALE GROWTH AND NEW TECHNOLOGY A CLEANER PLATFORM DIGITAL TRANSFORMATION IMO 2020 full compliance Analytics to optimize our processes, asset integrity and predictive maintenance Low sulphur…
WE EXPECT YPF LUZ TO INCREASE ITS POWER-GENERATION CAPACITY 7 YPF POWER GENERATION CAPACITY 900 2018-2023 800 6 Pipeline + M&A Current capacity + awarded / under construction 700 5 Pipeline and 600 M&A opportunities 4 500 3…
INVESTING WITH FOCUS ON PROFITABLE GROWTH (1) ADJUSTED EBITDA CAPEX BREAKDOWN 2019-2023 CAGR +10% 5% 19% 4.5 BUSD per year 76% Upstream Downstream Other segments 2018 2019 2020 2021 2022 2023 (1) Adjusted…
INCREASING FREE CASH FLOW Net debt/ EBITDA at 1.5x CFFO Net debt/ CAPEX Dividends CASH BUILD-UP (BUSD) EBITDA + interest 2019-2023 + taxes 1.5x 1.5x Up to (1) Additional cash 1.4x 4.2 BUSD for investments 0.7x Cumulative…
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