03 Vista key value drivers Deep, ready-to-drill, short-cycle well inventory 183,100 shale oil acres and conventional assets Up to 850 locations under development in Vaca Muerta Productivity of shale oil wells among best-in-basin…
04 Vista Highlights Key milestones of first 4 years of operations PRODUCTION PROVED RESERVES Mboe/d MMboe +83% +215% +15% +42% Strong production Achieved Reserves growth driven by Replacement Ratio of 44.8 Bajada del Palo…
05 Updated 2022 guidance (1) SHALE OIL WELLS P PRODUCTION P LIFTING COST (2) P Mboe/d Mboe/d 32 +47.0 7.5 24 46.0 - 47.0 Original Guidance Updated Original Guidance Updated Original Guidance (maintained) Added 4 in BPO, 2…
07 Near-term roadmap to our net zero ambition We aspire to become net zero in 2026 (1) GHG emissions & carbon removals MTonCO2e Our priority is to continue reducing our operational carbon footprint by 500 implementing…
Assets
09 Vista portfolio summary Mexico Assets 2021 1P Q2 2022 Basin W.I. Net Concessions production Operator (1) (%) Reserves (Mboe/d) (MMboe) Mac. CS-01 100% 4.5 0.5 Yes Total 4.5 0.5 Argentina Assets 2021 1P Q2 2022…
10 Vaca Muerta acreage Five operated blocks in the epicenter of prominent developments Bajada del Palo Oeste Net acres: 62,641 (100% WI) License term: 2053 Operator: Vista 50 45 40 35 30 20 Identified up to 550 well locations…
11 Vaca Muerta development Bajada del Palo Oeste prime acreage Vaca Muerta shale oil development underway Potential Best-in-Class Resource Properties (1) Bajada del Permian Eagle Ford Palo Oeste (Wolfcamp) TOC (%) 4.2 3 3-5…
12 Bajada del Palo Oeste development 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)…
13 Bajada del Palo Oeste development Improvement in productivity and cost lowers development cost D&C COST PER WELL (1)(2) TYPE CURVE EUR MM Mboe +41% 16.6 1,520 1,079 12.2 10.0 Previous well design New well design Type…
14 Bajada del Palo Oeste development Top productivity compared to both Permian and Vaca Muerta wells Permian wells - cumulative 90-day oil & gas production (1) Boe/ft Vista Permian 40 30 97% of Vista wells in first quartile…
Financials
16 Clear path to deliver superior shareholder returns Priorities for the next 5 years (1) Capital allocation strategy Investments in high-return and short-cycle Gradually increase D&C pace in Bajada del Palo 1 Growth projects to…
17 5-year targets showcase robust growth plan CAPEX TOTAL PRODUCTION MM Mboe/d 20 32 40 28% 40% 50% 60% +64% 2x 80 500 530 450 62 324 +47 39 // // // // 2021 2022F 2024F 2026F 2021 2022F 2024F 2026F CAPEX of wells…
19 Resilient cash generation with significant upside potential Uses of cash flow from operating activities Cash generation (3) crude oil price sensitivity Bn, cumulative 2022-26 MM, cumulative 2022-26 Net cash generation 1,500…
20 Healthy debt profile Debt maturity schedule MM Current debt composition. 36% Average life: 2.4 years 251 64% Average interest rate: 5.9% (1) 193 159 76 50 54 35 Cash at Q2-22 2022 (2) 2023 2024 2025 2026…
Environmental, Social & Governance
22 Developing our business in a sustainable way Sustainability Report aligned with Global Reporting Initiative (GRI) as the primary disclosure for comprehensive coverage of ESG factors, Sustainability Accounting Standards Board…
23 Reinforced commitment to sustainability Environmental Social Governance Implementation of selected Recorded TRIR (1) of 0.29, a 100% of our employees have projects prioritized by our carbon 24% improvement vis--vis a short-term…
24 Embracing the path to low-carbon energy production GHG emission intensity (1) GHG emissions (1) kgCO2e/boe MTonCO2e 35% absolute level reduction while (75)% doubling production 39 417 360 340 290 24 265 18 12 9 //…
25 Removing carbon from residual emissions through our NBS portfolio Strong emphasis Maximize reliability and environmental benefits: projects aim to be material, on quality incremental, measurable, permanent and promote…
26 Lean organization led by one of the most experienced O&G teams in the region Top performing executive team Board of directors of world-class professionals Susan L. Segal Independent Pablo Vera Pinto Chief Financial Officer…
27 Closing remarks Only pure-play Vaca Muerta public investment opportunity
Appendix
29 Q2-22 highlights Robust performance across all key operational and financial metrics PRODUCTION LIFTING COST (1) ADJ. EBITDA (2) Mboe/d /boe MM +12% +7% +97% +2% +59% 202.1 43.9 44.8 39.9 7.8 7.8 7.3 127.1 102.3 78.4…
30 Funding: capital markets activity Raised 600 MM through dual-listing in NYSE and 13 series of Argentine bond issuances Outstanding maturities of Argentine bond issuances Series Issuance date Currency Term Principal (1) Annual…
31 Mexican assets overview CS-01 Key Facts Working interest: 100% Operator: Vista Net area: 23,517 acres Fluid: Oil, gas and condensate Lithology: Sandstone State: Tabasco Basin: Sureste/Macuspana Fields: 2 Wells drilled:…
32 Vaca Muerta history recap Building momentum Mboe/d (1) 300 250 May-2013: First Mar-2017: Tecpetrol starts Dec-2018: YPF starts full field unconventional EPF in Loma field development in Fortin development in La Amarga La Lata…
33 Consolidated Balance Sheet Amounts expressed in M As of June 30, 2022 As of December 31, 2021 Property, plant and equipment 1,420,394 1,223,982 Goodwill 28,357 28,416 Other intangible assets 4,002 3,878 Right-of-use assets 26,482…
34 Consolidated Income Statement Amounts expressed in M ADJ. EBITDA RECONCILIATION (1) For the period from April For the period from April 1st to June 30, 2022 1st to June 30, 2021 Adjusted EBITDA Reconciliation Q2-22 Q2-21 Revenue…
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