03 Vista key value drivers Deep, ready-to-drill, short-cycle well inventory Fully focused shale oil company Up to 1,150 locations under development in Vaca Muerta with +200k acres in the core of Vaca Muerta Productivity of shale…
04 Vista highlights Key milestones of first 5 years of operations PRODUCTION PROVED RESERVES Mboe/d MMboe 2x 4x 49.4 +39% 48.6 38.8 Strong production Achieved Reserves 29.1 growth driven by our Replacement Ratio of 24.5 26.6…
05 2023 Guidance (1) TIE-INS PRODUCTION LIFTING COST (2) wells +4% Mboe/d Production from /boe +13% transferred assets (27)% 28 29 +29% 55 7.5 48.6 5.5 2022A 2023F 2022A 2023F 2022A 2023F New well tie-ins: 16 in BPO, 8 in…
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 2022 Q2 2023 Basin W.I. 1P Net Concessions production Operator (1) (%) Reserves (Mboe/d) (MMboe) Mac. CS-01 100% 4.0 0.6 Yes Total 4.0 0.6 Argentina assets 2022 Q2 2023 Basin…
10 Vaca Muerta acreage 20 50 45 40 NET LICENSE WELL TIED-IN OPERATOR 40 35 30 ACRES TERM INVENTORY WELLS 30 35 25 25 20 55 45 Bajada del Palo Oeste 62,641 2053 550 60 Vista 60 Aguada Federal 24,058 2050 150 10 Vista Aguila…
11 Vaca Muerta development hub Potential best-in-class resource properties (1) Development hub progress Bajada del Permian Eagle Ford Palo Oeste (Wolfcamp) TOC (%) 4.2 3 3-5 Thickness (m) 250 200 - 300 30 - 100 Pressure…
12 Bajada del Palo Oeste robust D&C performance and well productivity Evolution of D&C metrics Evolution of production DRILLING DAYS DRILLING COST PER LATERAL FT (1) CUMMULATIVE PRODUCTION PER WELL (1) Days/well /ft Mboe +2%…
13 Successful pilots extend ready-to-drill inventory to up to 1,150 wells ACTIVITY UPDATE WELL PERFORMANCE Mboe Bajada del BPE-2101h (BPE-1) Palo Este 180 BPE-2103h (BPE-1) AM-1 (BPE) BPE-2302h (BPE-3) BPE-1 25 BPE-2202h…
14 Top productivity compared to both Permian and Vaca Muerta wells Permian wells - cumulative 90-day oil & gas production (1) Boe/ft 40 Total Vista 74% of Vista wells in first quartile 30 20 10 0 P25 Vaca Muerta…
15 Secured evacuation capacity to deliver on 2026 production targets (1) 15 OIL EVACUATION CAPACITY (1) Mbbl/d 2022 2023 2024 2025 CONTRACTED CAPACITY IN PHASES 1 AND 2 OF OLDELVALS LA ESCONDIDA DUPLICAR PROJECT PIPELINE…
Financials
17 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…
20 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…
21 Solid financial position leaves us well-poised for further investments 21 GROSS LEVERAGE RATIO DEBT COMPOSITION (2) X Adj. EBITDA % of total debt 5.6x 451 651 50% 44% 46% 305 611 540 549 68% 73% 78% 1.6x 1.6x 1.1x 0.8x…
Environmental, Social & Governance
23 Developing our business in a sustainable way Focusing our sustainable Board oversight of ESG strategy, with Corporate Practices Committee development to contribute towards 8 of responsible for evaluating the ESG-related programs,…
24 Solid progress on all ESG fronts in 2022 Aike project in Corrientes Environmental Social Governance Ongoing execution of plan to Recorded TRIR < 1 for the 100% of our employees have reduce emissions in operations third…
25 Embracing the path to low-carbon energy production GHG emission intensity (1) GHG emissions (1) kgCO2e/boe MTonCO2e 35% absolute level reduction while doubling production 39 417 Already ahead of Investor 360 355 Day Target…
26 Removing carbon from residual emissions through our NBS portfolio Strong Maximize reliability and environmental benefits: projects emphasis on aim to be material, incremental, measurable, permanent quality and promote…
27 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…
28 Closing remarks Only pure-play Vaca Muerta public investment opportunity
31 Vaca Muerta key evacuation projects (1) To Lujan de Cuyo To La Plata Existing pipeline Projected expansion with new pipeline Existing direction of flow New direction of flow Storage capacity To Chile OTASA/OTC Puesto…
32 Funding: capital markets activity Raised 800 MM through dual-listing in NYSE and 20 series of Argentine bond issuances Outstanding maturities of Argentine bond issuances Series Issuance date Currency Term Principal (1) Annual…
33 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:…
34 Consolidated Balance Sheet in M As of June 30, 2023 As of December 31, 2022 Property, plant and equipment 1,701,593 1,606,339 Goodwill 22,703 28,288 Other intangible assets 7,215 6,792 Right-of-use assets 66,143 26,228 Investments…
35 Consolidated Income Statement ADJ. EBITDA RECONCILIATION (1) For the period from April For the period from April In M In MM Q2-23 Q2-22 1st to June 30, 2023 1st to June 30, 2022 Net profit for the period 52.2 101.8 Revenue…
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