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First quarter 2020 Earnings – Vista Oil & Gas

Vista Oil & Gas · Apr 29, 2020 · 12 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. First quarter 2020 Earnings – Vista Oil & Gas – slide 1
    First quarter 2020 Earnings webcast April 29, 2020
  2. First quarter 2020 Earnings – Vista Oil & Gas – slide 2
    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…
  3. First quarter 2020 Earnings – Vista Oil & Gas – slide 3
    1st quarter 2020 key metrics Consolidated figures of Vista Oil & Gas S.A.B. de C.V. Production(1) 26.5 Mboe/d Single shale well Revenues 73 MM reached Lifting cost 9.9 /boe 2,600 y-o-y boe/d(5) Adj. EBITDA(2) 25 MM Cash…
  4. First quarter 2020 Earnings – Vista Oil & Gas – slide 4
    Production Y-o-y growth driven by shale oil ramp-up Total production(1) Oil production Natural gas production Mboe/d Mbbl/d MMm3/d +3% +13% (11)% 30.0 18.7 17.0 1.69 26.5 1.59 0.13 25.7 7.0 15.1 6.2 0.01 1.41 0.7 5.9 0.6 5.0…
  5. First quarter 2020 Earnings – Vista Oil & Gas – slide 5
    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…
  6. First quarter 2020 Earnings – Vista Oil & Gas – slide 6
    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…
  7. First quarter 2020 Earnings – Vista Oil & Gas – slide 7
    Adjusted EBITDA Cost reductions helped maintain margins vis--vis Q4 2019 Adj. EBITDA(1) Adj. EBITDA Margin MM % (32)% (6)p.p. 37.1 35.7 40% 37% 34% 25.3 Q1 2019 Q4 2019 Q1 2020 Q1 2019 Q4 2019 Q1 2020 (1) Adj.…
  8. First quarter 2020 Earnings – Vista Oil & Gas – slide 8
    Financial overview Solid cash 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) MM…
  9. First quarter 2020 Earnings – Vista Oil & Gas – slide 9
    Vaca Muerta development Third pad shows further improvement in production performance, lowering development cost Individual well performance against type curve Tested higher density fracs Mboe/d Cumulative boe/stage(1) 2.8 800 Second…
  10. First quarter 2020 Earnings – Vista Oil & Gas – slide 10
    Re-thinking 2020 Adjusting our plan in response to current landscape In light of the current situation, we are withdrawing our 2020 guidance Cash Value Key tactical preservation protection decisions Capex reductions of Capex and…
  11. First quarter 2020 Earnings – Vista Oil & Gas – slide 11
    Closing remarks Implemented a health protocol and business continuity plan in response to Covid-19 outbreak, prioritizing employee wellbeing Low operating cost and solid financial position allow us to cope with low demand…
  12. First quarter 2020 Earnings – Vista Oil & Gas – slide 12
    Thanks Q&A

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