HIGHLIGHTS Revenues of Ps 75.8 billion (+33.0%) Total hydrocarbon production down 4.2% Recurring Adj. EBITDA (1) of Ps 24.5 billion (+45.7%) Gasoline sales volumes increased by 5.9% Net Income of Ps 6.0 billion Diesel sales…
SAFETY AS A CORE VALUE TOTAL IFR of people injured for each million hours worked 2008 - 2018 1.89 1.60 1.27 1.05 1.05 0.82 0.91 0.72 0.74 0.60 0.66 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Q1 2018 6
PRODUCTION Total production decreased 4.2%. Natural gas was down 3.5% since there was lower demand of this product in this quarter and crude oil was down 2.7%. CRUDE OIL PRODUCTION NATURAL GAS PRODUCTION TOTAL PRODUCTION (KBBL/D)…
SHALE OIL & GAS UPDATE NET SHALE O&G PRODUCTION SHALE OIL HISTORICAL COST - LOMA CAMPANA (KBOE/D) (USD/BOE) 49.6 Development Cost (2) OPEX 29.6 38.1 32.7 27.2 16.4 16.1 12.0…
SHALE OIL & GAS ACTIVITY Ongoing Development BAJO Operated Pilots DEL TORO Continue reducing development and lifting cost in Non-operated CERRO Pilots growth areas and preparing new developments LAS MINAS Volatile Oil to Gas…
DOWNSTREAM PERFORMANCE Sales volumes in the domestic market were down by 1.0% due to lower fuel oil sales while higher-value added products sales increased. Refinery output remained essentially flat. CRUDE PROCESSED DOMESTIC SALES OF…
REFINED PRODUCTS DEMAND Strong gasoline and diesel demand pushed volumes sold up 5.9% and 4.4% respectively. Market share increased in both products. MONTHLY GASOLINE SALES MONTHLY DIESEL SALES (KM3) (KM3) + +5.9% +4.4% 500 750…
GAS & ENERGY UPDATE 1.8 GW(1) of installed capacity in YPF EE. Strong pipeline of projects under construction to reach 2.4 GW by 2020 Capitalized YPF EE by bringing along GE as partner with 25% share in exchange of USD 275 M, plus a…
CAPEX BREAKDOWN Capex was up 24.5% in peso terms and 1% lower Upstream Activity breakdown: in USD terms. 71.2% in drilling and workovers, 17.6% in facilities, 7.4% in exploration and 3.8% Upstream Downstream in other upstream…
RESULTS EXPRESSED IN US DOLLARS Recurring Adj. EBITDA increased by 15.8% driven by a 5.8% increase in Revenues above Cash cost increase of 5.2%. REVENUES (1) RECURRING ADJ. EBITDA (1) (2) RECURRING OPERATING INCOME (3) (IN MILLIONS…
OPERATING INCOME Recurring Operating Income(1) increased by 19% driven by higher crude oil prices in the Upstream business. OPERATING INCOME (IN MILLIONS OF PS) 11,980 17,354 256 1,249 5,374 4,511 -355 -287 Q1 2017…
OPERATING INCOME Revenue increase of 33.0% was higher than the 32.1% increase in cash costs (Cost of Sales + Purchases), resulting in higher Recurring Operating Income(1). OPERATING INCOME (IN MILLIONS OF PS) 1,271 270 18,820…
UPSTREAM OPERATING INCOME Upstream Operating Income was up 138.9% due to a 39% increase in revenues driven by a 54% higher crude oil prices. OPERATING INCOME (IN MILLIONS OF PS) 284 270 10,927 -6,365 -2,256 2,148 899…
DOWNSTREAM OPERATING INCOME Downstream Operating Income decreased by 8% on higher crude oil purchases and fuel imports that more than offset the 37% increase in revenues. OPERATING INCOME (IN MILLIONS OF PS) 16,158 23 4,364…
FINANCIAL SITUATION Strong cash position at the end of Q1 2018 and positive free cash flow. Increase in working capital. CONSOLIDATED STATEMENT OF ADJUSTED CASH FLOWS CASH FLOW FROM OPERATIONS (IN MILLION OF PS) (IN MILLION OF PS)…
FINANCIAL SITUATION Cash position supported by solid operating cash flow generation in Q1 2018. Leverage ratio within the 2x area guidance. FINANCIAL DEBT AMORTIZATION SCHEDULE (1) (2) (IN MILLIONS OF USD) 4,374 2,107 1,642…
SUMMARY Reaffirming guidance of +10% EBITDA and production -2% area Strong demand is resulting in continued growth for all our products Improved financial ratios; positive free cash flow Production stabilized in line with our…
Questions and Answers 1st Quarter Earnings Webcast 25
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