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3Q 2018 Earnings Presentation – Vista Oil & Gas

Vista Oil & Gas · Oct 26, 2018 · 14 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 2018 Earnings Presentation – Vista Oil & Gas – slide 1
    3rd Quarter 2018 Earnings Webcast October 26th, 2018
  2. 3Q 2018 Earnings Presentation – Vista Oil & Gas – slide 2
    About Projections and Forward-Looking Statements This document has been prepared by Vista Oil & Gas S.A.B. de C.V. (Vista or the Company) and cannot be reproduced or distributed to any other person. Neither this document, nor its…
  3. 3Q 2018 Earnings Presentation – Vista Oil & Gas – slide 3
    Vista Oil & Gas 3rd Quarter Highlights Daily Production(1) 24,200 boe/d Operated production + 0.4% Revenues 116.9 MM reversed decline Adj. EBITDA(2) 57.1 MM EBITDA Margin Cash at end of period 123.3 MM 49% Financial Debt…
  4. 3Q 2018 Earnings Presentation – Vista Oil & Gas – slide 4
    Total operated production Reverted decline in operated production (98% of total production) Total Operated Daily production Containing conventional base production decline kboed 1 active drilling rig; drilled 13 conventional wells…
  5. 3Q 2018 Earnings Presentation – Vista Oil & Gas – slide 5
    Daily production Total production above guidance, driven by oil Total production Oil production Natural gas production NGL production kboed kbbld Mm3d bbld +0.4% 24.1 +1.4% 0.0% 14.6 1.38 744 -1.9% 24.4 24.2 14.6 14.7…
  6. 3Q 2018 Earnings Presentation – Vista Oil & Gas – slide 6
    Adjusted EBITDA Margin significantly ahead of guidance Adj. EBITDA(2) Adj. EBITDA Margin MM % +19.2% +6 p.p. 47.9 43% 49.5 57.1 45% 49% Q2 2018 Q3 2018 Q2 2018 Q3 2018 (1) Margin expansion driven by Q3 Guidance cost…
  7. 3Q 2018 Earnings Presentation – Vista Oil & Gas – slide 7
    Revenues and pricing Realized prices above guidance Revenues Crude oil average price Natural Gas average price MM /Bbl /MMBTU +4.2% +0.7% 112.2 +7.4% 67.0 4.7 6.0 110.3 116.9 68.0 67.5 4.8 5.1 Q2 2018 (2) Q3 2018 Q2…
  8. 3Q 2018 Earnings Presentation – Vista Oil & Gas – slide 8
    Opex Operating expenses reduced by cost-cutting initiatives and impact of the Peso devaluation Total Opex Opex per boe Opex Highlights MM /boe Renegotiated contracts: right-sized O&M providers 39.3 17.3 formulae, tariffs and base…
  9. 3Q 2018 Earnings Presentation – Vista Oil & Gas – slide 9
    Capex Significantly reduced conventional drilling cost Key aspects of Q3 Capex Breakdown of Capex Conventional MM drilling performance Conventional activity: 39.6 Average cost per well (MM/well)(1) 9 wells drilled and completed…
  10. 3Q 2018 Earnings Presentation – Vista Oil & Gas – slide 10
    Vaca Muerta development On track to tie-in first well in Q1 2019 Bajada del Palo Coirn Amargo Sur Oeste Plan on track to deliver first 4 well pad in Bajada del Palo Block First well continues to show Q1 2019 (Vista 100%) successful…
  11. 3Q 2018 Earnings Presentation – Vista Oil & Gas – slide 11
    Vista increased its acreage in Vaca Muerta Added 15,000 net acres through asset swap with Shell Cross Assignment of Rights Agreement Map of the blocks Acquired 90% operated working interest in guila Mora (AM) from Shell in exchange…
  12. 3Q 2018 Earnings Presentation – Vista Oil & Gas – slide 12
    Financial overview Solid financial position and strong cash generation from operations Q3 2018 Cash Flow MM 40.4 123.3 44.0 74.8 -35.9 Beginning of period Operating activities Financing activities Investment activities End…
  13. 3Q 2018 Earnings Presentation – Vista Oil & Gas – slide 13
    Concluding remarks Reverted operated production decline Further reduced operating expenses to 12.2 /boe Solid operational Conventional drilling cost 42% below 2017 results EBITDA Margin of 51%, 8 p.p. above guidance Improved…
  14. 3Q 2018 Earnings Presentation – Vista Oil & Gas – slide 14
    Thanks Q&A

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