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2Q 2018 Earnings Presentation – Vista Oil & Gas

Vista Oil & Gas · Jul 25, 2018 · 17 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. 2Q 2018 Earnings Presentation – Vista Oil & Gas – slide 1
    2nd Quarter 2018 Earnings Webcast July 25th, 2018
  2. 2Q 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. 2Q 2018 Earnings Presentation – Vista Oil & Gas – slide 3
    Vista Oil & Gas 2nd Quarter Highlights Daily Production(1) 24,400 boe/d EBITDA Margin Revenues(2) 110 MM 45% Adj. EBITDA(3) 49.5 MM Cash at end of period 75 MM Started drilling activity Financial Debt 260 MM 2 rigs Net…
  4. 2Q 2018 Earnings Presentation – Vista Oil & Gas – slide 4
    Start-up Milestones Path to near-term value creation 1 Integrate acquired entities and assets 2 Launched the development of Vaca Muerta 3 Contain conventional base production decline 4 Right-size conventional operations 5 Pursue…
  5. 2Q 2018 Earnings Presentation – Vista Oil & Gas – slide 5
    1 Integrate acquired entities and assets Start-up Integrated operating teams Reinforced safety and security standards Milestones Redefined management structure procuring a lean, flat and project-centric organization Reshuffled…
  6. 2Q 2018 Earnings Presentation – Vista Oil & Gas – slide 6
    2 Launched the development of Vaca Muerta Start-up Staffed top-notch unconventional team Milestones Drilled surface and intermediate sections of first 4-well pad in Bajada del Palo with conventional rig Skidding rig already…
  7. 2Q 2018 Earnings Presentation – Vista Oil & Gas – slide 7
    Start-up Total Production(1) Average kboed Milestones 3 Containing conventional base production decline 25.6 24.6 24.4 Identified profitable, low-risk, new wells, leveraging existing facilities Hired 1 rig, currently drilling…
  8. 2Q 2018 Earnings Presentation – Vista Oil & Gas – slide 8
    Start-up Milestones 4 Right-sizing conventional operations Consolidated operatorship of all assets into single operating company (Vista Oil & Gas Argentina S.A.) (1) Streamlining cost base across assets Ongoing cost reduction…
  9. 2Q 2018 Earnings Presentation – Vista Oil & Gas – slide 9
    Start-up Milestones 5 Pursue regional expansion plan First regional step in Mexico: 3 blocks at 50% participation in JV with Jaguar Exploration & Productions (Deal closing targeted for Q3-18; Vista will become the operator of…
  10. 2Q 2018 Earnings Presentation – Vista Oil & Gas – slide 10
    Daily production Production above guidance Total Daily production Oil production Natural gas production NGL production kboed kbbld Mm3d bbld 24.1 24.4 14.6 14.7 1.38 1.42 744 744 (1) (1) (1) (1) Guidance Q2 2018…
  11. 2Q 2018 Earnings Presentation – Vista Oil & Gas – slide 11
    Revenues and EBITDA Margin ahead of guidance Revenues(1) Adj. EBITDA(3) and Adj. EBITDA Margin MM MM 45% 43% 108.0 110.3 46.1 49.5 EBITDA margin (2) Guidance (2) Q2 2018 Guidance Q2 2018 Both volumes and prices were…
  12. 2Q 2018 Earnings Presentation – Vista Oil & Gas – slide 12
    Pricing Realized prices above guidance Crude oil: realized price of sales Natural gas average realized price sales /Bbl /MMBTU 4.8 6.0 6.0 67.0 68.0 4.7 4.8 (1) Guidance (1) Q2 Avg. Guidance Q2 Avg. price price Crude…
  13. 2Q 2018 Earnings Presentation – Vista Oil & Gas – slide 13
    Opex and Capex Lifting costs already reflecting the impact of cost cutting initiatives being implemented Opex Lifting Costs Capex Breakdown MM /boe MM 11.0 Facilities: Gas compression stations and 1.6 optimization of gathering…
  14. 2Q 2018 Earnings Presentation – Vista Oil & Gas – slide 14
    Top Performing Vaca Muerta Shale Oil Well First well drilled in Coirn Amargo Sur Oeste performing above type well curve CASO.x-1 Oil Production Core unconventional assets location bbld 902 890 822 734 751 646 Bajada del Palo 590…
  15. 2Q 2018 Earnings Presentation – Vista Oil & Gas – slide 15
    Financial Overview Solid liquidity position coupled with an extended debt maturity profile Cash balance Financial Debt MM Pro-Forma as of July 24, 2018 MM Pro-Forma as of July 24, 2018 75 33 108 260 40 300 Cash balance Net…
  16. 2Q 2018 Earnings Presentation – Vista Oil & Gas – slide 16
    Concluding remarks Solid results in initial quarter: managed to deliver financial and operational results above guidance in our first quarter of operations Contained decline of conventional production: initiated drilling and workover…
  17. 2Q 2018 Earnings Presentation – Vista Oil & Gas – slide 17
    Thanks Q&A

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