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Investor Presentation – YPF S.A.

YPF S.A. · Dec 1, 2013 · 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 December, 2013
  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
    YPF at a glance Sales (1) Exploration Leadership in oil and gas production and production Production (2)(3): 100 MMbbl of liquids and 77 MMboe of natural gas US 13,653 MM Proved Reserves (3) in 2012: 590 MMbbl of liquids and 389 MMboe…
  5. Investor Presentation – YPF S.A. – slide 5
    Integrated across value chain Oil Purchases Domestic market 5 Kbbl/d Domestic 66 Kbbl/d business market 75% Domestic prices (gasoline, diesel) 89% 14% 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 92 concessions in the most productive Argentine basins Proved reserves: 76.5 M boe (total reserves 1P: 979 MBOE(1)) and 51 exploration blocks % liquids:…
  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 1.000 Oil rate bopd Vaca Muerta Gross Area 30,000 km2 100 Net YPF Area 12,075 km2 Windows(1) 10 Dry Oil Oil 77% Vaca Muerta Wells gas…
  9. Investor Presentation – YPF S.A. – slide 9
    Downstream - solid market leadership 8% Lujn Proved de Cuyo reserves: refinery 85 M boe Market Other Esso 13% 28% A D % liquids: 98 Capacity: % gas: 2 105,5 kbbl/d share 9% Petrobras 11% Production: 8.8 M boe 15% 12%…
  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 (*) 18,820 152% 63 10,792 10,792 2,797 46 +94.6% 25 9,673 5,544 5,544 2011 2012 sep-13 Upstream Upstream 2,507…
  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) 260 256.8 50 46.9 250 244.9 45 41.3 240.9 240 235.1 40 38.1 35.6 227.4 226.3 228.2 34.2 33.4…
  15. Investor Presentation – YPF S.A. – slide 15
    Operated production YPF operated fields show a higher a degree of production increase; the rest of the industry is starting to follow Crude oil production (kbbl/d) Natural gas production (Mm3/d) 210 Rest of industry YPF 380 30 95…
  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) 3,007 3,339 287 +11.1% 275 9M 12 9M 13 Diesel sales…
  18. Investor Presentation – YPF S.A. – slide 18
    Results Operating performance drove an increase in results while maintaining healthy margins Revenues Recurring EBITDA (1) Recurring Operating Income (1) (ARS million) (ARS million) (ARS million) 64,819 18,820 8,195 +34.2% +44.6%…
  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
    Financial situation Successfully financed increased capex with issuances totaling over ARS 17.7 bn since Q2 2012, while maintaining a cash cushion and improving debt profile; 1st international bond issuance. Maintained a sound…
  21. Investor Presentation – YPF S.A. – slide 21
    Financial overview - consolidated balance sheet Balance sheet Q3 2013 Year 2012 VAR % (ARS million) (ARS million) Q3 2013/2012 Cash & ST investments 6,903 4,747 45% Fixed assets 79,481 56,971 40% Other assets 24,886 18,231 37%…
  22. Investor Presentation – YPF S.A. – slide 22
    Financial overview - consolidated income statement (*) 12 months 12 months Income VAR % Q3 2013 Q3 2012 VAR % 2012 2011 statement Q3 2013 / (ARS million) (ARS million) 12m 2012/2011 (ARS million) (ARS million) Q3 2012 Net sales…
  23. Investor Presentation – YPF S.A. – slide 23
    Investor Presentation December, 2013

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