INVESTOR PRESENTATION AUGUST 2020 Clasificacin YPF: No Confidencial
AGENDA 01. COMPANY OVERVIEW 02. UPSTREAM 03. DOWNSTREAM 04. LATEST FINANCIAL RESULTS Clasificacin YPF: No Confidencial
01 02 MAIN Publicly traded corporation since 1993 on the NY and BA Controlling Shareholder: Argentina Government FIGURES Exchanges (51%) A 98-year old 03 04 company Free Float: NYSE 83% / Revenues LTM of USD BYMA 17%…
UPSTREAM The largest O&G producer in Argentina (36% market share (1): 42% oil and 33% gas) Production (LTM): 508 Kboe/d; Proved Reserves (2019) (2): 1,073 mm boe (shale accounting for 31%) BUSINESS LINES AT A GLANCE The largest shale…
INTEGRATED ACROSS THE ENTIRE VALUE CHAIN BUSINESS DOMESTIC 83% Domestic prices (gasoline and DOMESTIC diesel) MARKET OIL MARKET 17% International prices REFINING (bunker, jet fuel, petrochemicals, PRODUCTION 88% lubricants, LPG…
SAFETY AND SUSTAINABILITY IS PARAMOUNT IN OUR STRATEGY HEALTH TOTAL IFR Weekly Covid-19 Risk Committee continuously of people injured for each million hours worked monitors the evolution of the situation Managed to keep all…
MAIN FINANCIAL FIGURES AFFECTED BY CURRENT HEADWINDS REVENUES CAPEX Upstream Downstream Gas & Power Other (In Billions of USD) (In Billions of USD) 3.5 3.3 3.5 15.3 15.5 13.7 11.5 2.6 2017 2018 2019 LTM 2017 2018 2019…
MANAGEABLE DEBT PROFILE AND SOUND CASH POSITION CASH AND CASH EQUIVALENTS PRINCIPAL DEBT AMORTIZATION (1) Trade financing SCHEDULE AFTER LM EXERCISE Bank loans USD 1,303 million (In Millions of USD) Bonds (2Q20) 1,569 BONDS…
AGENDA 01. COMPANY OVERVIEW 02. UPSTREAM 03. DOWNSTREAM 04. LATEST FINANCIAL RESULTS Clasificacin YPF: No Confidencial
MARKET LEADER IN BOTH OIL AND NATURAL GAS PRODUCTION Crude Oil TOTAL NET PRODUCTION UPSTREAM Natural Gas (KBOE/D) NGL Market Share Breakdown (%) Oil Others 555.0 Production (1) 22% 530.2 514.4 508.0 42% 3% 3% 4% 5%…
SHALE TO DRIVE FUTURE GROWTH NET CONVENTIONAL PRODUCTION NET SHALE PRODUCTION NET TIGHT PRODUCTION (KBOE/D) (KBOE/D) (KBOE/D) Crude Oil Natural Gas NGL Crude Oil Natural Gas NGL Crude Oil Natural Gas NGL 423.7 94.7 107.0 88.7…
RESERVE REPLACEMENT SUPPORTED BY SHALE DEVELOPMENTS 01 Reserve Replacement Ratio 96% 02 Shale representing 31% of total reserves; (vs. 19% in 2018) EVOLUTION HYDROCARBON RESERVES 2019 PROVED RESERVES Shale Others (MBOE) (%…
REFERENCES VACA MUERTA ChS Exploration - Operated Este FMo Exploration and Pilots - N Non Operated 01 Short-term potential with 81 DUC wells 71 Pilots - Operated shale oil and 10 shale gas wells BDT Development - Operated 02…
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 (1)…
A LOWER PRICING ENVIRONMENT PUTS PRESSURE ON MARGINS IN THE SHORT-TERM ADJUSTED EBITDA & EBITDA MARGIN CRUDE OIL AVERAGE REALIZATION PRICE (In Billions of USD) (USD/BBL) 43% 46% 40% 62.6 5.000 48% 4.500 35% 53.9 4.000…
AGENDA 01. COMPANY OVERVIEW 02. UPSTREAM 03. DOWNSTREAM 04. LATEST FINANCIAL RESULTS Clasificacin YPF: No Confidencial
VOLUMES AND REFINERY UTILIZATION SUFFERED FROM THE PANDEMIC SALES OF REFINED PRODUCTS D A. (KM3) LUJN DE CUYO Exports Others Local Jet fuel Gasoline Diesel REFINERY CAPACITY: 105.5 KBBL/D 17,910 18,032 17,783 16,296 B. LA…
AGENDA 01. COMPANY OVERVIEW 02. UPSTREAM 03. DOWNSTREAM 04. LATEST FINANCIAL RESULTS Clasificacin YPF: No Confidencial
01 02 Continued prioritizing strict Adjusted activity to face MAIN health and safety protocols amid COVID-19 to protect our people. We have also deteriorated market conditions, but latest figures are already HIGHLIGHTS…
ADJUSTED ACTIVITY TO PRESERVE LONG-TERM FINANCIAL SUSTAINABILITY REVENUES CAPEX (In Millions of USD) -47% (In Millions of USD) 3,672 -31% -82% 2,832 915 -73% 598 1,947 162 2Q19 1Q20 2Q20 2Q19 1Q20 2Q20 CASH OPERATING…
UNPRECEDENTED MARKET CONDITIONS HAD A NEGATIVE IMPACT ACROSS OUR BUSINESSES ADJUSTED EBITDA (1) (In Millions of USD) 948 -583 -23 -175 -139 28 Adj. EBITDA Adj. EBITDA Upstream Downstream G&E Corporate & Adj. Adj.EBITDA…
PRODUCTION CONTRACTED DUE TO COVID RESTRICTIONS AND DETERIORATED MARKET CONDITIONS NGL TOTAL NET PRODUCTION Natural Gas LIFTING COST 2Q20 Crude Oil (KBOE/D) (USD/BOE) -9.5% YoY -24% -8.5% QoQ 516 530 525 510 -17% 467 473 12.3…
PRODUCTION FULLY RESTORED AT VACA MUERTA NET SHALE PRODUCTION 01 Positive growth trend (KBOE/D) +21% continues despite the -14% slowdown in 2Q20 114.6 98.9 02 Used large-scale LC as an NGL 81.9 effective buffer to rapidly adjust…
HEADWINDS FOR DOWNSTREAM ARE SLOWING DOWN BUT FULL RECOVERY IS YET TO COME 2Q20 (YoY) FUELS SALES Gasoline -54% CRUDE PROCESSED & REFINERY UTILIZATION (KM3) Diesel -20% (KBBL/D) Jet Fuel -93% 450 90% 91% 100% Gasoline Diesel Jet…
UNPRECEDENTED 30% COST-CUTTING PLAN reduction target OPTIMIZING THE CONTRACTS WITH VENDORS COMPANYS STRUCTURE (% of dollar value) Decentralized operations to improve efficiencies Corporate Upstream REVIEWING CONTRACTS 14% 68% WITH…
FINANCIAL HEALTH CONTINUES TO BE AT THE TOP OF OUR AGENDA CONSOLIDATED 47 111 STATEMENT OF 498 ADJUSTED CASH FLOW (1) (In Millions of USD) -286 1,303 1,159 -200 -26 (1) Cash and equivalents at the beginning of 2Q20 converted…
MANAGEABLE DEBT PROFILE POST LIABILITY MANAGEMENT EXERCISE Trade financing PRO-FORMA PRINCIPAL Bank loans Market friendly liability DEBT AMORTIZATION SCHEDULE (1) Bonds management exercise New 2025 notes (In Millions of USD)…
Macacha Gemes 515 (CP 1106) CONTACT Sergio Affronti Ciudad Autnoma de Buenos Aires INFORMATION Chief Executive Officer Argentina Alejandro Lew +54 (11) 5441 1906 Chief Financial Officer ir.ypf.com Santiago Wesenack Investor…
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