Vista key value drivers 3 Vaca Muerta prime acreage development underway 134,000 shale oil acres and conventional assets Up to 550 locations under development in Bajada del Palo Oeste project NEUQUN RO NEGRO Productivity of…
Vista highlights 4 Key milestones of first 3 years of operations PRODUCTION PROVED RESERVES Mboe/d MMboe +39% +122% +28% +26% Expected growth Achieved Reserves driven by Bajada del Replacement Ratio of 37-38 Palo Oeste…
Low-cost and stable operation, with high margins 5 TOTAL PRODUCTION LIFTING COST (1) Mboe/d /boe +29% (24)% +11% 9.9 (6)% 34.1 30.6 8.0 26.5 7.5 Q1-20 Q4-20 Q1-21 Q1-20 Q4-20 Q1-21 ADJ. EBITDA (2) NETBACK (3) MM…
On track to deliver on 2021 guidance 6 2021 guidance YTD progress Shale oil wells 16 wells P 8 wells already tied-in and performing in line with type curve tied-in 4 additional wells already drilled and waiting for…
Restarted profitable growth path 7
Vista portfolio summary 8 Mexico Assets 2020 1P Q1 2021 Basin Net Concessions W.I. (%) production Operator (1) Reserves (Mboe/d) (MMboe) CS-01 50% 0.2 0.1 Yes TM Mac. A-10 50% 0.1 0.2 No TM-01 50% - 0.0 No Total 0.3…
Vaca Muerta acreage 9 Four blocks in the epicenter of prominent developments Bajada del Palo Oeste Net acres: 62,641 (100% WI) License term: 2053 Operator: Vista Commitment: capital expenditure of 106 MM before June 2020…
Vaca Muerta development 10 Bajada del Palo Oeste prime acreage Potential Best-in-Class Resource Properties (1) Bajada del Palo Oeste field development underway Bajada del Permian Eagle Ford Palo Oeste (Wolfcamp) 5 TOC (%)…
Bajada del Palo Oeste development 11 Continuous improvement in drilling and completion metrics Evolution of D&C metrics Evolution of production DRILLING SPEED DRILLING COST PER LATERAL FT (1) CUMMULATIVE PRODUCTION PER WELL (1)…
Bajada del Palo Oeste development 12 Improvement in productivity and cost lowers development cost EXPECTED D&C COST PER WELL (1) TYPE CURVE EUR MM Mboe +41% 16.6 1,520 12.2 1,079 10.0 9.9 9.5 Previous well design New…
Bajada del Palo Oeste development 13 Top productivity compared to both Permian and Vaca Muerta wells Permian wells - cumulative 90-day oil production, vintage 2017, 2018, 2019 and 2020 (1) Mbbl/well - normalized to 2,800 meters…
Mexican assets overview 14 C First steps towards platform regionalization B A Key facts Operator Location Background / development strategy A State: Tabasco Incremental production through workover activities and new…
Q1-21 financial overview 15 Strong cash flow from operations and successful liability management to extend debt maturities Q1 2021 cash flow evolution (1) Highlights MM Strong cash flow from operations, which increased 35%…
Developing our business in a sustainable way 16 Published inaugural 2020 report Aligned with Global Reporting Initiative (GRI) as the primary disclosure for comprehensive coverage of ESG factors and Sustainability Accounting…
Select key ESG achievements 17 Embedded sustainability in our business strategy ENVIROMENTAL PERFORMANCE SOCIAL PERFORMANCE GHG 99% 50% 100% emissions inventory completed for of total hydrocarbon production of 2020 new hires were…
Lean organization led by one of the most experienced 18 O&G teams in the region Top performing executive team Board of directors of world class professionals Kenneth Ryan Non-Independent Pablo Vera Pinto Chief Financial Officer…
Closing remarks 19 Only pure-play Vaca Muerta public investment opportunity
Appendix
Funding: capital markets activity 21 Raised 375 MM through dual-listing in NYSE and 8 series of Argentine bond issuances Vista raised 275 MM in Argentine bond issuances Vista closed and settled a global offering of 10,906,257…
Vaca Muerta history recap 22 Building momentum Mboe/d (1) 300 250 May-2013: First Jun-2015: YPF discovers Mar-2017: Tecpetrol starts Dec-2018: YPF starts full field unconventional EPF in Loma unconventional gas in La field…
Consolidated Balance Sheet 23 Amounts expressed in MM As of March 31, 2021 As of December 31, 2020 Property, plant and equipment 1,035,486 1,002,258 Goodwill 28,484 28,484 Other intangible assets 20,406 21,081 Right-of-use assets…
Consolidated Income Statement 24 Amounts expressed in MM For the period from For the period from January 1st to March January 1st to March ADJ. EBITDA RECONCILIATION (1) 31, 2021 31, 2020 Revenue from contract with customers…
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