02 About projections and forward-looking statements Additional information about Vista Energy, S.A.B. de C.V., a sociedad annima burstil de capital variable organized under the laws of Mexico (the Company or Vista) can be found in the…
03 Vista key value drivers DEEP, READY-TO-DRILL, SHORT-CYCLE WELL INVENTORY FULLY FOCUSED SHALE OIL COMPANY, WITH 229K ACRES IN THE CORE OF VACA MUERTA 1,200 ready-to-drill locations in Vaca Muerta and 273 wells on production (149…
04 Solid track record of profitable growth and value generation PRODUCTION Q4-24 pro forma (1) PROVED RESERVES Mboe/d 125.0 Mboe/d MMboe 3.3x 80.9 6.5x 375 69.7 319 Strong production Reserves replacement growth driven by 252 ratio…
05 Acquisition of 50% of La Amarga Chica block Aguada Federal Bandurria Norte ACQUISITION OF PEPASA 100% WI 100% WI Bajada del Palo Este 150 100% WI wells On April 15, 2025, Vista acquired 100% of the capital stock of PEPASA,…
06 Long term vision fully supported by existing well inventory Vista by YE 2024 - Pro forma (1) Production Forecast INVENTORY FORECAST Number of wells 150 Mboe/d 1,474 200 3x 324 150 125 1,001 40 1.7x 1,150 51 273…
07 Near-term roadmap to our net zero ambition We aspire to become net zero in 2026 (1) PATH TO NET ZERO AMBITION MTonCO2e Our priority is to continue reducing our operational carbon footprint 500 by implementing technologies…
Assets
9 Vista portfolio summary MEXICO ASSETS 2024 2024 W.I. 1P Net Concessions Production Operator (%) Reserves (Mboe/d) (MMboe) CS-01 100% 9.8 0.7 Yes Total 9.8 0.7 ARGENTINA ASSETS 2024 2024 W.I. 1P Net Concessions…
10 Vaca Muerta acreage VISTA BLOCKS IN VACA MUERTA 20 TIED-IN 40 NET LICENSE WELL 50 45 40 WELLS OPERATOR 35 30 ACRES TERM INVENTORY 30 25 35 25 YE-24 20 55 45 Bajada del Palo Oeste 62,641 2053 550 117 Vista 60 Bajada…
11 Vaca Muerta development hub STACKED PAY POTENTIAL ACROSS MULTIPLE ZONES DEVELOPMENT HUB PROGRESS Gamma Neutron Porosity Organic Resistivity TVD Mineralogy Landing Zones Ray Density fraction content BPO AF BPE LACh…
12 Bajada del Palo Oeste robust D&C performance and well productivity EVOLUTION OF D&C METRICS EVOLUTION OF PRODUCTION DRILLING DAYS COMPLETION STAGES CUMULATIVE PRODUCTION PER WELL (1) Days/well stages/day Mboe (32)% +48% +5%…
13 Best-in-basin well productivity in a world-class shale play Average well productivity: Vaca Muerta vis--vis US shales (1) Rock Properties: Vaca Muerta vis--vis US shales (2) First 365 days cumulative production, Mbbl per 1,000 feet…
14 Vaca Muerta key oil midstream projects (1) To Lujn de To main refineries Cuyo refinery Vista Development hub in Buenos Aires Existing pipeline Projected pipeline Existing export terminal Projected export terminal…
15 Material oil midstream capacity VISTA OIL MIDSTREAM CAPACITY (1) Mbbl/d 231 50 37 TRUCKING 181 TRUCKING 37 50 VACA MUERTA SUR PIPELINE TO CHILE 33 33 PIPELINE TO CHILE 194 144 111 111 (2) OLDELVAL PIPELINE…
Financials
17 Reinforcing our total shareholder return strategy 17 MILESTONES MET SINCE 2021 INVESTOR DAY CAPITAL ALLOCATION PRIORITIES Overdelivered on operational and financial targets High-return and short-cycle Contracted trunk…
18 Accelerating export-driven revenue growth Total revenues (1) 2024 pro forma (2) Realized oil prices 2,557 MM Realized oil domestic price (3) MM /bbl Realized oil export price 2.5x 1,648 85.2 72.0 70.4 70.3 1,188 62.9 63.6…
19 Solid financial position leaves us well-poised for further investments 19 Net leverage ratio Debt composition X Adj. EBITDA % of total debt 3.5x 1,703 35% 32% 1,449 50% 44% 46% 68% 73% 76% 611 549 616 540 1.1x 1.1x 0.6x…
Environmental, Social & Governance
21 Developing our business in a sustainable way Focusing our sustainable Board oversight of ESG strategy, with Corporate Practices Committee development to contribute towards 10 responsible for evaluating the ESG-related programs,…
22 Solid progress on all ESG fronts in 2024 Environmental Social Governance 28% y-o-y 8.8 kgCO2e/boe Approved Integrity Policy for Reduction of GHG emissions 0.6 TRIR (2) intensity, a 44% y-o-y Contractors and Suppliers of…
23 Robust progress in decarbonizing our operations GHG emission intensity (1) kgCO2e/boe -78% 2026 GHG emission intensity Best quartile in 39.4 upstream oil & gas GHG emission intensity (2) 24.1 18.1 15.6 target of 7…
24 Solid progress in our NBS portfolio execution Our subsidiary Aike has a mandate to design, manage and execute our carbon offset projects Aike has made significant progress in the development of Vistas projects: Mixed…
25 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 Pablo Vera Pinto Chief Financial Officer Susan L. Segal Independent +20…
26 Closing remarks Only pure-play Vaca Muerta public investment opportunity
29 Funding: capital markets activity Raised 2 Bn through dual-listing in NYSE and 28 series of bond issuances, both in the domestic and international markets Issuance Issued Series Law Currency Term Annual interest date principal…
30 Successful pilots extend ready-to-drill inventory to up to 1,150 wells PILOT RESULTS WELL PERFORMANCE Mboe AM-1101h (AM-1) 450 AM-1102h (AM-1) BPO type curve 400 AM-1 Aguada 350 Bandurria Federal Norte Bajada del…
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 on…
32 Consolidated Balance Sheet In M As of March 31, 2025 As of December 31, 2024 Property, plant and equipment 3,058,132 2,805,983 Goodwill 22,576 22,576 Other intangible assets 15,171 15,443 Right-of-use assets 89,266 105,333…
33 Consolidated Income Statement In M Q1 2025 Q1 2024 ADJ. EBITDA RECONCILIATION (1) In MM Q1 2025 Q1 2024 Revenue from contracts with customers 438,456 317,352 Profit for the year, net 82,793 78,651 Revenues from crude oil sales…
34 Pro Forma Consolidated Balance Sheet (1) In M As of December 31, 2024 Pro forma adjustments 2024 As of December 31, 2024 Proforma Assets Non-current assets Property, plant and equipment 2,805,983 1,387,587 4,193,570 Goodwill…
35 Pro Forma Consolidated Income Statement (1) In M Year ended December 31, 2024 Pro forma adjustments 2024 Year ended December 31, 2024 Proforma Revenues from sales to clients 1,647,768 908,923 2,556,691 Cost of sales: Operating…