3rd QUARTER 2020 EARNINGS WEBCAST NOVEMBER 11 TH, 2020
OPERATIONAL FINANCIAL & STRATEGIC MAIN 01 Successfully executed planned works despite COVID major maintenance at La 01 Actively managed our liquidity to mitigate currency exposure while minimizing cost HIGHLIGHTS Plata refinery…
CONTINUED PRIORITIZING FINANCIAL SUSTAINABILITY DESPITE IMPROVING CONDITIONS REVENUES CAPEX In Millions of US In Millions of US -30% -31% -60% -70% 10,309 849 2,540 3,309 +20% 7,106 +59% 2,327 1,947 1,017 257 162 3Q19 2Q20…
OPERATING MARGINS SHOWED SIGNS OF RECOVERY FROM HISTORICALLY LOW LEVELS +13x Q/Q -60% Y/Y ADJUSTED EBITDA (1) 392 -711 In Millions of US 97 148 202 -83 28 -319 Upstream Downstream Gas & Power Corporate & D&A + other Op.…
STABILIZED PRODUCTION ON THE BACK OF A GRADUAL RESUMPTION IN ACTIVITY (1) For pulling activities. TOTAL PRODUCTION NGL Natural Gas Crude Oil ACTIVITY EVOLUTION Drilling Workover Pulling KBOE/D -9% of equipment 126 123 514 +0.4%…
VERY LOW R&M MARGINS BUT RECOVERING ON GROWING DEMAND AND PRICE ADJUSTMENTS Gasoline Diesel FUELS SALES REFINERY UTILIZATION Jet f uel Diesel ex. 3Q20 Q/Q KM3 CAMMESA Gasoline +41% % Diesel +22% (+10% ex. CAMMESA) 3Q20 Jet Fuel…
ACTIVELY MANAGED OUR LIQUIDITY POSITION TO MITIGATE FX RISK CONSOLIDATED STATEMENT OF (1) Cash and equivalents at the end of 2Q20 converted to US using the June 30, 2020 exchange rate of AR70.36 to US1.00. Cash and equivalents at the…
MANAGEABLE SHORT-TERM MATURITIES DESPITE TURBULENT MARKET CONDITIONS CONSOLIDATED DEBT AMORTIZATION BY TYPE (1) 01 In July, we completed a market friendly liability In Millions of US management exercise on the 2,269 2021 notes…
2020 ADJUSTED EBITDA CAPEX PRODUCTION GUIDANCE US1.5 Bn US1.5 Bn -10% Y/Y area 01 Recovery in profitability to continue as 02 Higher oil and gas production on demand further improves, prices at the pump remain relatively stable in…
3rd QUARTER 2020 EARNINGS WEBCAST QUESTIONS AND ANSWERS
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