I N V E S TO R P R E S E N TAT I O N DECEMBER 2019
Company overview Strong operating and financial performance Concentrated in Argentinas Premier Basin Neuquina Basin blocks(5) 31.6 LTM Revenue(1) 424MM 3Q19 Production Mboe/d 57.6 LTM Adj. EBITDA(1)(2) 176MM 2018 1P Reserves(4)…
Platform poised for growth Delivered on 2018 guidance High-growth organic development plan, based on current premium asset base 2018 2018 2019 Updated % Target production growth Guidance(1) Actuals(2) Guidance boe/d Daily…
Investment highlights Low-cost and stable conventional operation Prime Vaca Muerta locations already under development with solid results Strong cash flow generation with significant upside potential Flat and agile…
Low-cost and stable conventional operation
Low-cost and stable conventional operation Conventional assets operating milestones Reverted decline in conventional production Total production (Mboe/d) Pro forma Actual +28% 31.6 29.0 27.2 25.7 24.6 24.4 24.2 24.7 2017…
Low-cost and stable conventional operation High-quality oil-weighted production cluster Asset profile 2018 1P Net 3Q 2019 Total production 1P Reserves(1) Reserves (1) Net production (5) Concession Block W.I. (%) (MMboe) Acreage…
Prime Vaca Muerta locations already under development with solid results
Vaca Muerta history recap Building momentum (Mboe/d) 300 May-2013: First unconventional EPF in Loma La Lata Norte 250 Jun-2013: EIA report Mar-2017: Tecpetrol states Vaca Muerta is starts field development in the 2nd largest shale…
Vistas Vaca Muerta acreage Four blocks in the epicenter of prominent developments Bajada del Palo Oeste Net acres: 62,641 (100% WI) License term: 2053 2019 plan: 12 new wells in production (8 wells already producing) Operator:…
Vistas Vaca Muerta development Bajada del Palo Oeste prime acreage Potential Best-in-Class Resource Properties(1) Cube development scheduled to minimize parent-child effect Bajada del Permian Eagle Ford Palo Oeste (Wolfcamp) TOC…
Vistas Vaca Muerta development Bajada del Palo Oeste fast track to full-scale development in factory-mode Fast track development plan supported by novel One-Team approach Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Typical…
Vistas Vaca Muerta development Bajada del Palo Oeste fast track to full-scale development in factory-mode (contd) 22 Km flat-hose water transfer to tanks on location 100% guaranteed water availability during frac activities…
Vistas Vaca Muerta development Bajada del Palo Oeste fast track to full-scale development in factory-mode (contd) 100% of completion using sand boxes Minimal exposure to sand dust Improved logistics and reduced trucking costs…
Vaca Muerta development (1/3) Significant drilling and completion improvement between first and second pads State-of-the-art technology Improved efficiency in second and third pads Drilling: Drilling speed Completion speed Drilled…
Vaca Muerta development (2/3) First two pads are producing above expectations Cumulative production by well Daily production by well Mboe Mboe 2.4 2.1 240 1.8 Production from first pad is 1.5 1.2 210 20%(2) above type curve…
Vaca Muerta development (3/3) Producing in line with best operators in the basin Outstanding productivity from all 8 wells, both from La Cocina and Organic landing zones Cumulative 90-day oil production of top 150 Vaca Muerta…
Financial overview Solid financial position Q3 2019 Vista consolidated cash flow MM Financial debt breakdown As of September 30, 2019 Quarterly leverage ratios as of September 30, 2019(1) 5-year unsecured term loan 300.1 Gross…
Flat and agile organization led by experienced Oil & Gas team
Lean organization led by one of the most experienced O&G teams in the region +25 years of energy experience across five continents (integrated oil and gas and oilfield services) Miguel Galuccio Chairman and CEO Independent board member…
Closing remarks Low-cost and stable conventional operation Prime Vaca Muerta locations already under development with solid results Strong cash flow generation with significant upside potential Flat and agile…
Funding Aleph Midstream joint-venture Strategic transaction frees up capital for higher return upstream activities Transaction Summary Vista, Riverstone and Southern Cross created an independent midstream company to operate in the…
Funding: capital markets activity Raised 200 million through dual listing in NYSE and two-tranche Argentine bond issuances Vista closed and settled a global offering of 10,906,257 Vista Argentina raised 50 million in 24-month…
Revenues and pricing Production growth offset by lower realized prices Revenues Crude oil average price Natural gas average price MM /bbl /MMBtu (10)% (28)% (31)% 116.9 120.4 67.5 105.4 59.8 48.7 5.1 3.8 3.5 Q3 2018 Q2…
Opex Strong y-o-y lifting cost reduction Total Opex Opex per boe MM /boe +8% (17)% 32.5 11.8 12.2 28.4 26.3 9.8 (1) (1) Q3 2018 Q2 2019 Q3 2019 Q3 2018 Q2 2019 Q3 2019 Decrease in lifting cost versus Q3 2018 mainly…
Consolidated Balance Sheet Amounts expressed in MM Consolidated Balance Sheet As of Sept. 30, 2019 As of Dec 31, 2018 Property, plant and equipment 903.0 820.7 Goodwill 28.5 28.5 Other intangible assets 33.4 31.6 Right-of-use assets 9.8…
Consolidated Income Statement Amounts expressed in MM Jul 1, 2019 to Jul 1, 2018 to Adjusted EBITDA(1) reconciliation Income Statement Sep 30, 2019 Sep 30, 2018 Revenues from contract with customers 105.4 116.9 Adjusted EBITDA for Q3…
Vistas existing facilities Facilities capacity in place allow for initial development phase startup Vista holds enough treatment and transportation capacity to increase oil production to 32Mboe/d with minimal investments in…
Mexican assets overview First steps towards platform regionalization C B A Key facts Operator Location Background / development strategy State: Tabasco Vista A Incremental production through workover Net area: 11,758…
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