FULL YEAR & 4th QUARTER 2020 EARNINGS WEBCAST MARCH 5TH, 2021
Critical activities continued with no interruptions, in spite of COVID- 19, applying strict health and safety protocols. Reached lowest IFR(1) MAIN in our history. Positive net cash flow, despite profitability being negatively…
SAFETY OF OUR PEOPLE REMAINS A TOP PRIORITY INJURY FREQUENCY RATE COVID-19 MEASURES Per million hours worked EMPLOYEES Weekly COVID-19 Risk Committee including real time monitoring of cases. 1.04 Managed to keep all businesses…
WORKING TOWARDS THE ENERGY TRANSITION (3) YPF is not part of the Dow Jones SUSTAINABILITY RANKING DOW JONES SUSTAINABILITY INDEX (3) Sustainability Index. YPF was voluntary assessed by SAM. YPF voluntarily participates in the…
RAPIDLY REACTED TO THE EFFECTS OF THE PANDEMIC PRIORITIZING FINANCIAL DISCIPLINE Fuels Natural Gas -32% Upstream Downstream -56% REVENUES CAPEX Exports Other Gas & Power Other 3,521 In Million of US 13,749 In Million of US -34%…
THE PANDEMIC TOOK A TOLL ON ALL OUR BUSINESS SEGMENTS NORMALIZED EBITDA(1) In Million of US 3,644 -957 -44% Y/Y -60% Y/Y -663 Production -85 91 -575 2,029 Prices Demand Prices Results not 1,454 Lifting cost Royalties…
DEMAND AND PRICES CONTINUED IMPROVING BUT WERE OFFSET BY HIGHER OPEX AS WE RESUMED ACTIVITY NORMALIZED EBITDA(1) In Million of US 196 -40 548 -169 -150 -30% Q/Q -53% Q/Q Prices -43% Y/Y -72% Y/Y FLNG - Lower -201 Op. Losses…
GRADUAL RESUMPTION IN ACTIVITY SHALL SET THE PATH FOR FUTURE RECOVERY IN UPSTREAM Crude Oil Natural Gas NGL TOTAL PRODUCTION YPF O&G AVERAGE REALIZATION PRICES 2020: 467 KBOE/D (-9%) Crude Oil (USD/BBL) Natural Gas (USD/MMBTU) 80…
SHALE USED AS A BUFFER TO FACE LOWER DEMAND WHILE EFFICIENTLY MITIGATING DECLINE IN CONVENTIONALS NET SHALE PRODUCTION Crude Oil Natural Gas NGL CONVENTIONAL PRODUCTION BY TYPE KBOE/D 2020: 101 KBOE/D Crude Oil Natural Gas NGL 160…
RESUMING UPSTREAM ACTIVITY IN A MORE EFFICIENT WAY (1) For pulling activities. ACTIVITY EVOLUTION 126 123 Drilling Workover Pulling of equipment 122 77 39 19 2018 2019 1Q20 2Q20 3Q20 4Q20 NOC - Frac speed (stages/day) 2.9…
LOW RESERVE REPLACEMENT ON LIQUIDITY CONSTRAINS BUT SUPPORTED BY SHALE DEVELOPMENTS EVOLUTION OF HYDROCARBON PROVED RESERVES 2020 RESERVES BREAKDOWN Million BOE 7% Shale Other % 1,080 1,073 929 19% 922 8% 31% 52% 39% 41%…
EMBARKED IN A COMPANY-WIDE COST CUTTING PLAN, ALREADY HARVESTING ENCOURAGING RESULTS (1) Normalized opex mainly excludes EVOLUTION OF NORMALIZED OPEX(1) charges related to the VRP, stand-by REVIEWING CONTRACTS WITH VENDORS cost, Decree…
CONTINUED ACTIVELY MANAGING OUR LIQUIDITY TO MITIGATE FX RISK (1) Cash and equivalents at the end of 2019 converted to US using the December 31, 2019 exchange rate of AR59.79 to US1.00. Cash and equivalents at the end of 2020…
SUCCESFUL LIABILITY MANAGEMENT EXERCISES PROVIDING SHORT-TERM FINANCIAL RELIEF CASH-FLOW SAVINGS FROM LIABILITY MANAGEMENT EXERCISES 01 Completed a market friendly liability In Million of US Savings 1st LM Savings 2nd LM Cumulative…
01 Profitability to recover as demand further 03 Net new financing shall be needed to normalizes, OPEX efficiencies are fund our target capex program. Sales of 2021 consolidated, and active pricing policy at the pump continues.…
FOCUSING SHALE OIL ACTIVITY ON OUR CORE HUB BANDURRIA SUR LA AMARGA CHICA LOMA CAMPANA NEW WELLS NET PRODUCTION NET CAPEX Crude Oil IN 2021E Dec-2021E 2021E 90 50 KBBL/D US500 MN KBBL/D HUB CORE OIL Crude Oil Crude Oil 2020…
NEW PLAN GAS IMPROVES MID-TERM VISIBILITY AND PROFITABILITY PROFILE OF PROJECTS AGUADA DE LA ARENA AGUADA PICHANA ESTE AGUADA PICHANA OESTE LA CALERA LA RIBERA I RINCN DEL MANGRULLO RO NEUQUN NET CAPEX 2021 NET CAPEX 2021-2024 US500…
FY 2020 and 4th QUARTER 2020 EARNINGS WEBCAST QUESTIONS AND ANSWERS
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