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3Q 2019 Earnings Presentation – YPF

YPF · Nov 8, 2019 · 16 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. 3Q 2019 Earnings Presentation – YPF – slide 1
    3rd QUARTER 2019 EARNINGS WEBCAST NOVEMBER 8TH, 2019
  2. 3Q 2019 Earnings Presentation – YPF – slide 2
    THE ARGENTINE CONTEXT Political uncertainty between general and primary elections Devaluation of peso Weak economic activity Freeze on crude and fuel prices Continued deterioration of natural gas prices 3
  3. 3Q 2019 Earnings Presentation – YPF – slide 3
    SAFETY AND SUSTAINABILITY ARE EMBEDDED IN OUR DAILY ACTIVITY AND CORPORATE STRATEGY TOTAL IFR 2018 Sustainability of people injured for each million hours worked 2009 9M 2019 Report published 1.89 1.27 1.05 1.05 0.82 0.91…
  4. 3Q 2019 Earnings Presentation – YPF – slide 4
    3rd QUARTER 2019 Main figures Revenues of USD 3,309 million (-12.6%) Adjusted EBITDA(1) of USD 977 million (-15.0%) Operating cash flow of USD 1,196 million (+18.9%) CAPEX of USD 810 million (-4.8%) Hydrocarbon production…
  5. 3Q 2019 Earnings Presentation – YPF – slide 5
    ADJ. EBITDA DECREASED IN Q3 2019 IN USD MAINLY AFFECTED BY THE UPSTREAM SEGMENT ADJUSTED EBITDA (In Millions of USD) 114 118 754 1,150 -60 977 -345 396 200 -777 Operating Non-cash Adj. EBITDA Q3 Downstream Corporate…
  6. 3Q 2019 Earnings Presentation – YPF – slide 6
    FINANCIAL DISCIPLINE: FUNDING CAPEX WITH INTERNAL CASH FLOW GENERATION CONSOLIDATED STATEMENT OF ADJUSTED CASH FLOW (1) CUMULATIVE FREE CASH FLOW (2) (In Millions of USD) (In Millions of USD) 1,196 526 1,587 -804 310…
  7. 3Q 2019 Earnings Presentation – YPF – slide 7
    FINANCIAL DISCIPLINE: SUCCESFULLY MANAGING OUR SHORT TERM MATURITIES PRINCIPAL DEBT AMORTIZATION SCHEDULE (1) (2) DETAILS OF Q3 2019 (In Millions of USD) 2,263 90% of our cash & debt Bonds Trade financing denominated in USD Bank…
  8. 3Q 2019 Earnings Presentation – YPF – slide 8
    TOTAL HYDROCARBON PRODUCTION REMAINED STABLE DRIVEN BY SHALE GROWTH NGL PRODUCTION BREAKDOWN Conventionals TOTAL PRODUCTION (KBOE/D) Natural Gas (KBOE/D) Shale + Tight Crude Oil 0.2% 529.1 530.0 44.4 +5.9% 529.1 530.0 -35.4…
  9. 3Q 2019 Earnings Presentation – YPF – slide 9
    RAMP-UP IN SHALE ACTIVITY BROUGHT PRODUCTION UP 77% YoY NET SHALE O&G PRODUCTION AVERAGE CUMULATIVE OIL PRODUCTION (KBOE/D) (KBBL; STANDARDIZED AT 2,000 meters) NGL Natural Gas 350 2 wells +77.1% 102.1 Crude Oil 300 250 37…
  10. 3Q 2019 Earnings Presentation – YPF – slide 10
    LOMA CAMPANA: CONTINUOUS COSTS IMPROVEMENT; SWITCHING TO HDC DEVELOPMENT & OPEX COST DRILLING COST (USD/BOE) (USD/lateral foot) 18 628 Development Opex 606 15 583 12 11 545 10 524 9 6 5 2016 2017 2018 9M 2019 2017 2018 Q1…
  11. 3Q 2019 Earnings Presentation – YPF – slide 11
    STRONG NATURAL GAS PRODUCTION DUE TO SEASONAL DEMAND; ENVIRONMENT OF LOWER PRICES NATURAL GAS PRODUCTION GAS REALIZATION PRICE (MM3/D) (USD/MMBTU) Avg. 4.5 43.7 44.0 Sep 43.7 43.6 4.0 3.5 40.1 36.8 34.7 7.7 6.1 2.6 1.2…
  12. 3Q 2019 Earnings Presentation – YPF – slide 12
    INCREASED PROCESSED VOLUMES AND EXPORTS AMID LOWER INTERNAL DEMAND CRUDE PROCESSED SALES OF REFINED PRODUCTS (KBBL/D) (KM 3) +2.6% -0.4% 4,493 4,474 287.4 +23.9% 280.2 Exports -1.8% Others GLP Fuel Oil JP1 Gasoline -5.6%…
  13. 3Q 2019 Earnings Presentation – YPF – slide 13
    RECOVERY IN DOWNSTREAM MARGIN; FREEZE IN PRICES WIDENED GAP WITH IMPORT PARITY DOWNSTREAM ADJUSTED EBITDA(1) (2) FUELS BLENDED PRICE VS IMPORT PARITY(3) Excluding inventory revaluation (% VARIATION) (USD per refined barrel)…
  14. 3Q 2019 Earnings Presentation – YPF – slide 14
    CURRENT PRICES AT THE PUMP AT LOW HISTORICAL LEVELS FUELS BLENDED PRICE AT THE PUMP (1) (USD/liter) 1,5 1,4 1,3 1,2 1,1 1,0 0,9 0,8 0,7 (1) Weighted by sales volumes of our regular and premium diesel and…
  15. 3Q 2019 Earnings Presentation – YPF – slide 15
    Focus on financial discipline SUMMARY Unconventional production growth compensating conventional production decline Transition of natural gas market Challenging fuel pricing scenario Active portfolio management Adjusted EBITDA…
  16. 3Q 2019 Earnings Presentation – YPF – slide 16
    3rd Quarter Earnings Webcast QUESTIONS AND ANSWERS 17

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