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Second Quarter 2019 Earnings Presentation – YPF

YPF · Aug 9, 2019 · 17 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. Second Quarter 2019 Earnings Presentation – YPF – slide 1
    2nd QUARTER 2019 EARNINGS WEBCAST AUGUST 9TH, 2019
  2. Second Quarter 2019 Earnings Presentation – YPF – slide 2
    SAFETY AND SUSTAINABILITY ARE EMBEDDED IN OUR DAILY ACTIVITY AND CORPORATE STRATEGY TOTAL IFR of people injured for each million hours worked 2009 1H 2019 1.89 ESG REPORTING 2018 Sustainability Report available by end of August…
  3. Second Quarter 2019 Earnings Presentation – YPF – slide 3
    2nd QUARTER 2019 Financial highlights Revenues of Ps 160.3 billion (+72.3%) Adjusted EBITDA(1) of Ps 41.6 billion (+67.8%) Operating cash flow of Ps 40.7 billion (+47.6%) CAPEX(2) of Ps 48.8 billion (+152.4%) Hydrocarbon…
  4. Second Quarter 2019 Earnings Presentation – YPF – slide 4
    REVENUES DECLINED 7% IN USD MAINLY DUE TO LOWER NATURAL GAS AND DOWNSTREAM SALES WHILE MARGINS REMAINED FAIRLY STABLE REVENUES (1) ADJUSTED EBITDA (1) (2) CAPEX (1) (3) (In Millions of USD) (In Millions of USD) (In Millions of…
  5. Second Quarter 2019 Earnings Presentation – YPF – slide 5
    ADJ. EBITDA INCREASED IN Q2 2019 MAINLY DRIVEN BY THE UPSTREAM BUSINESS ADJUSTED EBITDA (In Billions of PS) 1.1 41.6 2.7 3.2 9.8 23.1 24.8 7.2 1.7 -34.4 Operating Non-cash Adj. EBITDA Q2 Upstream Downstream…
  6. Second Quarter 2019 Earnings Presentation – YPF – slide 6
    POSITIVE FREE CASH FLOW BEFORE ACQUISITIONS CONSOLIDATED STATEMENT OF ADJUSTED CASH FLOW (1) Q2 2019 FREE CASH FLOW (2) (In Billions of PS) (In Billions of PS) 18.4 40.7 40.7 68.2 -48.5 67.2 -8.4 -3.2 1.0 -39.7 -4.3…
  7. Second Quarter 2019 Earnings Presentation – YPF – slide 7
    BACK TO GLOBAL MARKETS; SOLID CASH POSITION PRINCIPAL DEBT AMORTIZATION SCHEDULE (1) (2) USD denominated debt Peso denominated debt DETAILS (In Millions of USD) 2,265 92% denominated in USD and 8% in Argentine Pesos 1,587…
  8. Second Quarter 2019 Earnings Presentation – YPF – slide 8
    LOWER NATURAL GAS DEMAND AND ARGENTINAS BLACKOUT IMPACTED TOTAL PRODUCTION TOTAL PRODUCTION PRODUCTION BREAKDOWN (KBOE/D) NGL (KBOE/D) Conventionals Shale + Tight Natural Gas -5.3% Crude Oil 26.7 544.6 544.6 -5.3% 515.7 515.7…
  9. Second Quarter 2019 Earnings Presentation – YPF – slide 9
    CONTINUE INCREASING NET SHALE PRODUCTION AND REDUCING COSTS NET SHALE O&G PRODUCTION(1) NGL SHALE OIL DEVELOPMENT COST - LOMA CAMPANA(2) (KBOE/D) (USD/BOE) Natural Gas +47.9% 82.4 Crude Oil 18.0 15.0 11.0 55.7 9 +15.8% QoQ…
  10. Second Quarter 2019 Earnings Presentation – YPF – slide 10
    PBN CLUSTER OIL N2 UNLOCKING VALUE OF ChSN SHALE OIL ACREAGE PH FMo N CLUSTER OIL N 1 BDT DEVELOPMENT EXPANSION LdM Loma Campana, La Amarga Aguada del Chaar SDH Chica & Bandurria Sur acquisition CLMi BdT Curve Type 2018 LaMa…
  11. Second Quarter 2019 Earnings Presentation – YPF – slide 11
    CRUDE PROCESSED VOLUMES AFFECTED BY ARGENTINAS BLACKOUT; DECREASE IN DOMESTIC SALES WERE PARTIALLY OFFSET BY HIGHER EXPORTS CRUDE PROCESSED SALES OF REFINED PRODUCTS (KBBL/D) (KM 3) -4.4% -3.5% 4,440 4,285 275.0 262.8 Exports…
  12. Second Quarter 2019 Earnings Presentation – YPF – slide 12
    FUEL DEMAND DROPPED DURING Q2 2019 DUE TO MARKET CONTRACTION MONTHLY GASOLINE SALES MONTHLY DIESEL SALES (KM3) (KM3) 500 -2.1% 750 -2.1% 2018 YoY YoY 480 2017 700 2018 460 650 2017 440 2019 600 420 2019 400 550 380…
  13. Second Quarter 2019 Earnings Presentation – YPF – slide 13
    LOWER DOWNSTREAM MARGINS; EXPECT MARGINS RECOVERY IN 2H19 DOWNSTREAM ADJUSTED EBITDA(1) F.O.B. REFINERY/TERMINAL PRICE (2) Excluding inventory revaluation (USD/BBL) Gasoline Diesel (USD per refined barrel) 96 96 88 93 92 16.5…
  14. Second Quarter 2019 Earnings Presentation – YPF – slide 14
    GRADUAL ADJUSTMENTS IN FUEL PRICES TO BRIDGE GAP WITH IMPORT PARITY FUELS BLENDED PRICE VS IMPORT PARITY(1) (% VARIATION) Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19…
  15. Second Quarter 2019 Earnings Presentation – YPF – slide 15
    SUMMARY Maintaining safety and sustainability efforts Increasing focus on shale oil developments and preparing new wave of developments Shale oil production offsetting conventional oil decline Activating levers to generate natural…
  16. Second Quarter 2019 Earnings Presentation – YPF – slide 16
    2nd Quarter Earnings Webcast QUESTIONS AND ANSWERS 17
  17. Second Quarter 2019 Earnings Presentation – YPF – slide 17

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