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Investor Presentation – YPF S.A.

YPF S.A. · Mar 31, 2014 · 23 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Investor Presentation – YPF S.A. – slide 1
    Investor Presentation March, 2014 1
  2. Investor Presentation – YPF S.A. – slide 2
    Agenda 1 Company overview 2 Recent performance 3 Financial considerations 3
  3. Investor Presentation – YPF S.A. – slide 3
    Corporate Governance Shareholder structure 1 Board composition Designated by Repsol Chairman of the Board, Mr. Garca del Ro Mr. Galuccio Mr. Tombeur Shares Class A Mr. Kicillof Labor Union Representative Mr. Soloaga 37.09%…
  4. Investor Presentation – YPF S.A. – slide 4
    Leading Integrated Energy Co. In Argentina Exploration Production 4: 232 Kbbl/d of crude oil, 48 Kbbl/d of NGL and 33.9 Mm3/d of natural gas Sales 1 Proved Reserves 3 4 in 2013: 628 mm bbl of liquids and 455 mm boe of gas and…
  5. Investor Presentation – YPF S.A. – slide 5
    Integrated across value chain Oil Purchases Domestic market 7 Kbbl/d Domestic 61 Kbbl/d business market 71% Domestic prices (gasoline, diesel) 88% 17% International prices (FO, bunker, jet fuel, petrochemicals, lubricants, LPG and…
  6. Investor Presentation – YPF S.A. – slide 6
    Upstream - Significant Potential with Leading Market Position Cuyana YPF has 90 concessions in the most productive Argentine basins Proved reserves: 71 mm boe (total reserves 1P: 1,083 mm boe1) and 52 exploration blocks % liquids: 98%…
  7. Investor Presentation – YPF S.A. – slide 7
    Unconventional opportunities Tested & Producing Other Opportunities 4,4 Vaca Muerta (shale oil / gas) Noroeste - Cretaceous NOROESTE Yacoraite Lajas (tight gas) (shale / tight oil & gas) CHACO PARANAENSE Noroeste - Tarija Los…
  8. Investor Presentation – YPF S.A. – slide 8
    Vaca Muerta Unconventional Formation Description Encouraging results Shale oil & gas 55000 Vaca Muerta 50000 45000 Gross D 16,000 bbl Cumulative oil production, bbl 40000 Area 30,000 km2 35000 30000 Net YPF 25000 Area…
  9. Investor Presentation – YPF S.A. – slide 9
    Downstream - solid market leadership Market Share Breakdown (%) Lujn Proved de Cuyo reserves: refinery 85 M boe A % liquids: 98 D Capacity: % gas: 2 105,5 kbbl/d Crude Processing 2 No. of Gas Stations 2 Production: 8.8 M boe…
  10. Investor Presentation – YPF S.A. – slide 10
    Upstream plan Capex , 4.500 MUSD Exploitation Others , 4.000 x2 Secondary 8% Recovery , 3.500 , 3.000 + 29% production 14% Shale oil , 2.500 46% , 2.000 Oil 251 Mbbl Primary Production , 1.500 32% , 1.000 5,380 wells…
  11. Investor Presentation – YPF S.A. – slide 11
    Downstream plan Capex Refined products increase Refining complex expansion and upgrading 2013 - 2017 , 1.800 MUSD Contribution by project Annual CAGR , 1.600 x1.7 , 1.400 9.5% Utilization Capacity Upgrading Conversion , 1.200…
  12. Investor Presentation – YPF S.A. – slide 12
    Agenda 1 Company overview 2 Recent performance 3 Financial considerations 13
  13. Investor Presentation – YPF S.A. – slide 13
    Activity Doubled investments during 2013 Significant increase in activity Capex Drilling Rigs ARS Millions 160% 65 29,848 46 +81.1% 25 16,485 2011 2012 sep-13 Workover 73% 85 70 49 2012 2013 Upstream Downstream…
  14. Investor Presentation – YPF S.A. – slide 14
    Production Reverted downward trend in production seen in recent years Crude oil production (kbbl/d) Natural gas production (Mm3/d) 256.8 46.9 244.9 240.9 41.3 239.3 38.1 235.1 34.2 35.6 35.5 33.4 31.4 33.0 227.4 226.3…
  15. Investor Presentation – YPF S.A. – slide 15
    Reserves Boosted proved reserves by 10.6%. Solid results coming from secondary recovery projects, tight gas and shale formations. Total Hydrocarbon (Mboe) Liquids (Mbbl) Natural Gas (Mboe) RRR 158% RRR 137% RRR 185% 455 1,083…
  16. Investor Presentation – YPF S.A. – slide 16
    JV Partners: Chevron, Dow and Petrolera Pampa Loma Campana (395 km2 - 97,607 acres) El Orejano (45 km2 - 11,090 acres) Objective: Vaca Muerta Shale Oil with Chevron Objective: Vaca Muerta Shale Gas with Dow Development model Initial…
  17. Investor Presentation – YPF S.A. – slide 17
    Downstream Strong local demand and stable market share even with lower crude processed due to the La Plata Refinery incident Crude processed (kbbl/d) Gasoline sales (Km3) +10% 4,545 4,133 -3.5% 288 278 2012 2013 Diesel sales…
  18. Investor Presentation – YPF S.A. – slide 18
    Financial Results Production and sales volume growth, coupled with pricing discipline, led to solid financial results and healthy margins. Recurring Operating Income Recurring EBITDA Recurring Net Income (ARS million) (ARS million)…
  19. Investor Presentation – YPF S.A. – slide 19
    Agenda 1 Company overview 2 Recent performance 3 Financial considerations 20
  20. Investor Presentation – YPF S.A. – slide 20
    FY 2013 Financial Situation Issued ARS 7.6 bn and USD 650 million in 2013; increased cash to ARS 10.7 bn Average life of debt of 3.5 years; Peso denominated debt at 41% of total; average interest rates of 6.1% in USD and 21.5% in…
  21. Investor Presentation – YPF S.A. – slide 21
    Financial overview - consolidated balance sheet Balance sheet Year 2013 Year 2012 VAR % (ARS million) (ARS million) 2013/2012 Cash & ST investments 10,713 4,747 126% Fixed assets 93,496 56,971 64% Other assets 31,386 18,231 72%…
  22. Investor Presentation – YPF S.A. – slide 22
    Financial overview - consolidated income statement (*) Income 12 months 12 months VAR % VAR % Q4 2013 Q4 2012 statement 2013 2012 12m 2013/2012 (ARS million) (ARS million) Q4 2013 / (ARS million) (ARS million) Q4 2012 Net sales…
  23. Investor Presentation – YPF S.A. – slide 23
    Investor Presentation March, 2014 24

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