Industry-leading growth and superior total shareholder return with low-cost & low-carbon world-class performance Investor Day December 9, 2021
03 Agenda Welcome Alejandro Cheracov Co-founder and Strategic Planning & Investor Relations Officer Superior shareholder return proposition Miguel Galuccio Founder, Chairman of the Board and Chief Executive Officer Sustainability,…
04 Superior shareholder return proposition Miguel Galuccio Founder, Chairman and Chief Executive Officer
05 Key milestones to date SPAC + PIPE Dual listing D&C activity D&C cost (3) P1 Reserves Sustainability 800 MM raised 101 MM gross 40 wells drilled 40% reduction to 122% increase in 30% reduction in as initial capital from…
06 Well-positioned to thrive in the new energy context Shareholders are laser The world needs reliable focused on capital discipline and affordable energy and earnings quality Managing and benefiting from The transition to…
07 Vaca Muerta, a world-class play fit for the future P Low-cost, low-carbon O&G with top productivity P Already changed the energy paradigm in Argentina P Oncrude path to become a relevant oil export platform Average well 180-d…
08 Superior shareholder return proposition Strong foundations Priorities for the next 5 years (1) Gradually increase D&C pace in Bajada del Palo Oeste from 20 to 40 wells per year Deep, ready-to- Peer-leading drill, short-cycle…
09 Delivering strong total shareholder returns through 2026 Key 2026 targets: (1) Industry-leading growth: Low-carbon energy: Production Adj. EBITDA 16% 24% 80 Mboe/d CAGR (3) +1 Bn (2) CAGR (3) Superior returns: GHG…
10 Near-term roadmap to our net zero ambition We aspire to become net zero in 2026 (1) GHG emissions & carbon removals MTonCO2e 500 Our priority is to continue reducing our operational carbon footprint by 250 implementing…
11 Sustainability, a competitive advantage Gabriela Prete Sustainability & QHSE Manager Alejandro Cheracov Co-founder and Strategic Planning and Investor Relations Officer
12 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 39 417 365 340 290 24 265 18 12 9 // //…
13 Removing carbon from residual emissions through our NBS portfolio Strong emphasis on Maximize reliability and environmental benefits: projects aim to be material, quality incremental, measurable, permanent and promote…
14 Investing in our people is a cornerstone of our ESG program Diversity, equity and inclusion Actively engaged with local communities Our main asset is our people, and we are strongly committed to Active in local communities with…
15 Our plan is supported by independent governance and clear accountability Board of Directors Board of Directors Accountability oversight independence BOD is responsible for 67% of Board members are More than 20% of our…
16 Operational excellence Juan Garoby Co-founder and Chief Operating Officer
17 From the core of Vaca Muerta to the world Vista is a pure Vaca Muerta play and has become the second shale oil producer in Argentina Five concessions with 35-year terms covering more than 158 k acres (84% operated)…
18 Bajada del Palo Oeste: Our main value-generation driver Prolific asset due to its high-quality rock properties Vaca Muerta wells (2) - cumulative 90-day reported oil & gas production Proved productivity in 3 landing zones…
19 D&C efficiency driving cost down by 40% D&C cost per well (1) Reduced well drilling time from +30 to 16 days per MM well on average from 2018 to 2021 (40)% Best-in-class completion performance, allowing us Development cost…
20 Delivered robust production growth and lifting cost performance Total production Lifting cost per boe (1) Mboe/d /boe 52% (56)% 38 Vista operation 16.9 29 13.9 27 25 10.8 9.0 7.5 (2) 2018A 2019A 2020A 2021E Q1-18A…
21 Achieved Tier 1 safety performance TRIR (1) 3.93 In line with Tier 1 international oil & gas company performance 1.30 TRIR < 1 0.38 0.30 2018A 2019A 2020A 2021E Substantially improved our safety performance…
22 2026 development targets showcase robust growth plan Production Lifting cost (1) Development cost (2) Mboe/d /boe /boe 2x (20)% (11)% 80 7.5 7.3 62 6.5 6.0 46 38 // // 2021E 2022F 2024F 2026F 2021E 2026F 2021E…
23 Profitable, resilient growth plan with significant upside Pablo Vera Pinto Co-founder and Chief Financial Officer Alejandro Cheracov Co-founder and Strategic Planning and Investor Relations Officer
24 Capital allocation priorities seek to maximize total shareholder return Our capital allocation priorities Maintain flexibility across 4 strategic levers: Investments in high-return and short- 1 Growth cycle projects to generate…
25 Low-risk, high-growth plan in place Capital expenditure (1) Revenues MM MM 2.5x Domestic market (2) Forecasted 2022-26 capex breakdown: 1,650 Export market (3) 83% development capex largely in our de-risked flagship project…
26 Plan expected to drive strong Adjusted EBITDA growth to +1 Bn by 2026 Adjusted EBITDA (1) MM 35% 58% 63% 65% 67% 3x 1,100 800 550 370 96 // // 2020A 2021E 2022F 2024F 2026F Adjusted EBITDA (1) Adjusted EBITDA…
28 Planned debt reduction to gain additional flexibility Debt maturity schedule Gross debt (3) MM MM Current debt composition. 315 600 Additional 30% Average life: 2.5 years 400 25 liquidity (1) 70% Average interest rate: 5.4%…
29 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…
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