Company overview Strong operating and financial performance Concentrated in Argentinas Premier Basin Neuquina Basin blocks(5) 26.5 LTM Revenue(1) 396MM 1Q20 Production Mboe/d 101.8 LTM Adj. EBITDA(1)(2) 159MM 2020 1P Reserves(4)…
Platform poised for growth Continued growth path in 2019 High-growth organic development plan, based on current premium asset base 2018 2019 Waiting for market conditions to % Actuals(1) Actuals restart growth boe/d Daily 24,470…
Investment highlights Low-cost and stable operation Prime Vaca Muerta locations already under development with solid results Strong cash flow generation with significant upside potential Flat and agile organization led…
Low-cost and stable operation Operating milestones Increase in production due shale oil ramp-up Total production (Mboe/d) Pro forma Actual +8% 31.6 29.0 30.0 Shut in shale production 27.2 25.7 26.5 on March 20th 24.6 24.4 24.2…
2019 total proved reserves(1) Strong Vaca Muerta productivity drives reserves and production boost 2019 proved reserves reconciliation Reserve Replacement Ratio(2) MMboe Total 516% Oil Gas 633% 294% (3) Breakdown by type…
Low-cost and stable operation High-quality oil-weighted production cluster Asset profile 2019 1P Net Q1 2020 Reserves Net production Concession Oil and gas production from well-understood reservoirs Block W.I. (%) (MMboe) Acreage…
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…
Vaca Muerta acreage Four blocks in the epicenter of prominent developments Bajada del Palo Oeste Net acres: 62,641 (100% WI) License term: 2053 Operator: Vista Commitment: capital expenditure of 106MM until June 2020 already…
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 (%) 4.2…
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 development…
Vaca Muerta development Significant drilling and completion improvement between first and third pads State-of-the-art technology Improved efficiency in second and third pads Drilling: Drilling speed Cost per lateral foot Drilled…
Vaca Muerta development Third pad shows further improvement in production performance, lowering development cost Bajada del Palo Oeste shale production Individual well performance against type curve Mboe Mboe/d First pad Second pad…
Vaca Muerta development Vista well productivity is top-decile in both Permian and Vaca Muerta Permian wells - cumulative 180-day oil production (vintage 2017, 2018 and 2019)(1) Mboe/well - normalized to 2,500 meters lateral length…
Financial overview Solid financial position Q1 2020 cash flow MM (1) (1) Quarterly leverage ratios as of March 31, 2020(2) Financial debt 481.4 MM Cash preservation strategy adopted (-) Cash and cash equivalents (205.3)…
Firm response to Covid-19 Safeguarding our people and ensuring business continuity with focus on balance sheet strength Our Business Balance Vista is People Continuity Sheet prepared 75% of employees Maintained essential Stopped…
Re-thinking 2020 Adjusting our plan in response to current landscape Low operating cost and solid financial position allow us to cope with low demand environment and restart capex activity when the right conditions are in place…
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 operation Prime Vaca Muerta locations already under development with solid results Strong cash flow generation with significant upside potential Flat and agile organization led by…
Vaca Muerta development Bajada del Palo Oeste fast track to full-scale development in factory-mode 22 Km flat-hose water transfer to tanks on location 100% guaranteed water availability during frac activities Reduced cost Minimal…
Vaca Muerta development Bajada del Palo Oeste fast track to full-scale development in factory-mode 100% of completion using sand boxes Minimal exposure to sand dust Improved logistics and reduced trucking costs Improved…
Funding: capital markets activity Raised 250 million through dual listing in NYSE, a two-tranche Argentine bond issuances and a subsequent 48-month Argentine bond Vista Argentina raised 50 million in 24-month local bond issuance…
Revenues and pricing Production growth offset by lower realized prices Revenues Crude oil average price Natural gas average price MM /bbl /MMBtu (22)% (24)% (41)% 93.7 96.4 56.7 3.7 48.1 73.3 43.0 2.2 2.2 Q1 2019 Q4…
Opex Stable q-o-q opex per boe despite lower production Total Opex Opex per boe MM /boe (18)% (14)% 12.0 27.8 9.9 25.7 9.3 23.8 Q1 2019 Q4 2019 Q1 2020 Q1 2019 Q4 2019 Q1 2020 Optimized field operations and…
Consolidated Balance Sheet Amounts expressed in MM As of March 31, 2020 As of December 31, 2019 Property, plant and equipment 953,608 917,066 Goodwill 28,484 28,484 Other intangible assets 34,437 34,029 Right-of-use assets 16,047…
Consolidated Income Statement Amounts expressed in MM For the period from For the period from January 1st to March January 1st to March Adjusted EBITDA(1) reconciliation 31, 2020 31, 2019 Adjusted EBITDA for Q1 2020 was 25.3 MM,…
Mexican assets overview First steps towards platform regionalization C B A Key facts Operator Location Background / development strategy State: Tabasco Vista(2) A Incremental production through workover Net area: 11,758…
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