FULL YEAR & 4th QUARTER 2019 EARNINGS WEBCAST MARCH 6TH, 2020
2019 HIGHLIGHTS CONTEXT YPF PERFORMANCE Weak economic activity FY Revenues of and high inflation USD 13.7 BN (-11.5%) Crude oil price volatility FY Adj. EBITDA(1)(2) + freeze on local prices of USD 3.6 BN (-18.2%) Low natural gas…
2019 HIGHLIGHTS Shifted focus from natural gas to oil Accelerated shale oil production reducing break-even prices Deployed first stage of EOR development Gas exports to Chile and FLNG FID of underground gas storage Active…
SAFETY AND SUSTAINABILITY IS A CORE VALUE IN CORPORATE STRATEGY ESG 2019 IFR(1) decreased to 0.44 HIGHLIGHTS DOW JONES SUSTAINABILITY INDEX(2) On track with 10% CO2 emissions Oil & Gas Upstream & Integrated Industry intensity…
RESERVE REPLACEMENT SUPPORTED BY SHALE DEVELOPMENTS Reserve Shale representing Replacement 31% of total reserves; Ratio 96% (vs. 19% in 2018) EVOLUTION HYDROCARBON PROVED RESERVES 2019 PROVED RESERVES (MBOE) Natural Gas 1,080…
RAMP-UP IN SHALE ACTIVITY; ACCOUNTING FOR 18% OF TOTAL PRODUCTION NGL TOTAL PRODUCTION NET SHALE O&G PRODUCTION (KBOE/D) Natural Gas (KBOE/D) +71.9% Crude Oil -3.0% 111.8 102.6 530.2 -0.7% 514.4 81.9 72.1 65.0 -5.5% Q4…
WORLD CLASS SHALE OIL PRODUCTIVITY; OPPORTUNITY FOR FURTHER COST REDUCTIONS Loma Campana (LC) Bakken La Amarga Chica (LACH) Bandurria Sur South East (BS SE) USA plays(1) LACH VS. Stack BS SE Bone Spring Wolfcamp Midland…
BANDURRIA SUR: EXAMPLE OF VALUE CREATION ADCH SELECTED VACA MUERTA TRANSACTIONS (USD/acre) LACH 16000 o o o 12000 oo o o o o o LC 8000 4000 Bandurria Sur area o Mejora mapa Producing pads 0 Loma Campana…
2020: FOCUS ON ACCELERATING SHALE OIL DEVELOPMENTS FROM CORE HUB LOMA CAMPANA LA AMARGA CHICA BANDURRIA SUR NEW WELLS GROSS PRODUCTION GROSS CAPEX IN 2020E Dec-2020E 2020E RIGS 101 155 KBOE/D 1.8 BN USD 11 LOMA CAMPANA LA…
TERTIARY RECOVERY (EOR) DEVELOPMENTS AFTER PROMISING PILOT RESULTS 1500 GRIMBEEK 2019 EOR ACTIVITY EXPANSION (BBL/D) Beginning PIU of response 10 INVESTMENT 500 Aug-19 Oct-19 Dec-19 Feb-20 USD 150 MM EXPECTED POLYMER INJECTION…
NATURAL GAS: LOWER-PRICE ENVIRONMENT PARTIALLY OFFSET BY LOWER CURTAILMENTS 2019 SALES VOLUME MIX NATURAL GAS PRODUCTION INDUSTRY 32% (MM3/D) DISCO 36% 43.7 44.0 43.7 43.6 GENCO 27% 40.1 40.3 EXPORTS 4% 36.8 34.7 CNG 1% GAS…
SLIGHTLY LOWER DEMAND OF FUELS; PRICES BELOW IMPORT PARITY SALES OF REFINED PRODUCTS GAP FUELS BLENDED PRICE (KM 3) VS IMPORT PARITY(1) (% Difference) -1.4% 18,032 17,783 +7.4% 15% Exports 0% -1.4% Others GLP -15% Fuel…
YPF LUZ: VALUE CREATION TO YPF SHAREHOLDERS INSTALLED CAPACITY (1) 2,456 Projects under (MW) +35% construction 1,819 1,819 already funded Installed capacity COD 80% of revenues with long-term contracts 2018 2019 2020E Renewable…
Q4 2019 RESULTS AFFECTED BY FREEZE IN PRICES; INCREASE IN PRODUCTION REVENUES 3,939 ADJUSTED 957 -31.1% (In Millions of USD) -12.5% EBITDA 3,447 (In Millions of USD) 660 Q4 2018 Q4 2019 Q4 2018 Q4 2019 CAPEX PRODUCTION (In…
FINANCIAL DISCIPLINE: CASH PRESERVATION STRATEGY CONSOLIDATED STATEMENT OF ADJUSTED CASH FLOW (1) (2) CUMULATIVE FREE CASH FLOW (3) (In Millions of USD) (In Millions of USD) 1,311 4,510 81 1,056 748 -3,454 1,515 -864…
MANAGING SHORT-TERM MATURITIES PRINCIPAL DEBT AMORTIZATION SCHEDULE (1) (2) Bonds 90% of debt & 80% (In Millions of USD) Trade financing of cash in USD (5) Bank loans Average interest rates 1,557 1,436 1,497 of 7.6% in USD…
OUTLOOK 2020 2020 GUIDANCE ADJUSTED EBITDA 3 BN AREA Strict Profitability More focus Active CAPEX financial over on oil, less portfolio 2.8 BN AREA discipline growth in gas management CRUDE OIL PRODUCTION +2% area NATURAL GAS…
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