Transportadora De Gas Del Sur Sa Class B · BCBA:TGSU2
Transportadora De Gas Del Sur Sa Class B — Gas Transporter of the South — Q1 2023 Earnings Presentation
19 slides from Transportadora De Gas Del Sur Sa Class B's earnings presentation, May 8, 2023
Slide 1: Highlights during 1Q2023 and beyond
Operating profit for 1Q2023 amounted to Ps. 14,091 million, Ps. 10,959 million lower than in 1Q2022. This variation was mainly due to lower revenues from the Production and Commercialization of the Natural Gas Liquids (Liquids) and Natural Gas Transportation segments of Ps. 9,988 million and Ps. 3,2
Slide 2: Breakdown of operating costs and expenses
The breakdown of operating costs, administrative and commercialization expenses , excluding depreciation, for 1Q2023 and 1Q2022 is shown in the table below:
Slide 3: Operating costs and financial results analysis
Transportadora de Gas del Sur S.A. 3 3672 Don Bosco St. (1206), Autonomous City of Buenos Aires, Argentina. https://www.tgs.com.ar/investors/Press-releases 1 Q202 3 EARNINGS RELEASE Operating costs and administrative and selling expenses decreased by approximately Ps. 1,155 million in 1Q2023 compare
Slide 4: Natural Gas Transportation
Natural Gas Transportation Operating loss of the Natural Gas Transportation segment was Ps. 744 million in 1Q2023 compared to the profit of Ps. 3,154 million in 1Q2022.
Slide 5: Natural gas transportation revenues share
Natural gas transportation revenues accounted for approximately 20% and 22% of total revenues in 1Q2023 and 1Q2022, respectively. Transportadora de Gas del Sur S.A. 4 3672 Don Bosco St. (1206), Autonomous City of Buenos Aires, Argentina. https://www.tgs.com.ar/investors/Press-releases 1 Q202 3 EARNI
Slide 6: Tariff and Liquids Production and Commercialization
This tariff segment, subject to ENARGAS regulation, received its last tariff increase of 60% on March 1, 2022, following three years of no increments. The increase in operating loss was mainly explained by lower revenues given the tariff adjustment, which did not offset the negative variation associ
Slide 7: Liquids segment operating profit and revenues
Operating profit in this business segment during 1Q2023 was Ps. 7,615 million below 1Q2022, reaching Ps. 12,139 million (compared to Ps. 19,754 million recorded in 1Q2022). This decrease was mainly due to lower revenues of Ps. 9,988 million. This effect was partially offset by a reduction in the cos
Slide 8: Other Services and Telecommunications
Other Services and Telecommunications The Other Services business segment includes mainly services provided by tgs in Vaca Muerta, representing approximately 13% and 9% of our total revenues for 1Q2023 and 1Q2022, respectively.
Slide 9: Other Services operating profit
Operating profit increased by Ps. 554 million mainly as a result of a Ps. 1,258 million increase in revenues in 1Q2023, which was partially offset by the rise in the operating costs and administrative and selling expenses of Ps. 716 million. The increase in revenues was primarily explained by higher
Slide 10: Financial position analysis: Net debt
Transportadora de Gas del Sur S.A. 6 3672 Don Bosco St. (1206), Autonomous City of Buenos Aires, Argentina. https://www.tgs.com.ar/investors/Press-releases 1 Q202 3 EARNINGS RELEASE Financial position analysis Net debt As of Macrh 31, 2023, our net debt amounted to Ps. 1,718 million compared to Ps.
Slide 11: Liquidity and capital resources
Liquidity and capital resources The net variation in cash and cash equivalents for 1Q2023 and 1Q2022 was as follows:
Slide 12: Fund allocations
As of March 31, 2023 and December 31, 2022, fund allocations were as follows:
Slide 13: Free cash flow reconciliation
Transportadora de Gas del Sur S.A. 7 3672 Don Bosco St. (1206), Autonomous City of Buenos Aires, Argentina. https://www.tgs.com.ar/investors/Press-releases 1 Q202 3 EARNINGS RELEASE Below is a reconciliation of the free cash flows for the 1Q2023 and 1Q2022:
Slide 14: 1Q2023 vs. 1Q2022 cash flow
1Q2023 vs. 1Q2022 During 1Q2023, cash flow provided by operating activities amounted to Ps. 25,287 million, Ps. 4,129 million below than 1Q2022, and was mainly explained by a decrease in operating profit, which was partially offset by the decrease in working capital.
Slide 15: Financial Information for the three-month periods
Transportadora de Gas del Sur S.A. Financial Information for the three-month periods ended March 31, 2023 and 2022 (in millions of Argentine pesos, except for per share and Per ADS information in pesos or where otherwise indicated) 192023 192022 Natural Gas Transportation 9,358 12,612 Liquids Produc
Slide 16: 3672 Don Q202 EARNINGS RELEASE
Transportadora de Gas del Sur S.A. 10 3672 Don Bosco St. (1206), Autonomous City of Buenos Aires, Argentina. https://www.tgs.com.ar/investors/Press-releases 1 Q202 3 EARNINGS RELEASE
Slide 17: 3672 Don Q202 EARNINGS RELEASE
Transportadora de Gas del Sur S.A. 11 3672 Don Bosco St. (1206), Autonomous City of Buenos Aires, Argentina. https://www.tgs.com.ar/investors/Press-releases 1 Q202 3 EARNINGS RELEASE
Slide 18: 3672 Don Q202 EARNINGS RELEASE
Transportadora de Gas del Sur S.A. 12 3672 Don Bosco St. (1206), Autonomous City of Buenos Aires, Argentina. https://www.tgs.com.ar/investors/Press-releases 1 Q202 3 EARNINGS RELEASE
Slide 19: Signatures
Transportadora de Gas del Sur S.A. 13 3672 Don Bosco St. (1206), Autonomous City of Buenos Aires, Argentina. https://www.tgs.com.ar/investors/Press-releases SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its
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