Transportadora De Gas Del Sur Sa Class B · BCBA:TGSU2
Transportadora De Gas Del Sur Sa Class B — Investor Presentation (July 2024)
22 slides from Transportadora De Gas Del Sur Sa Class B's investor presentation, July 2024
Slide 1: Transportadora de Gas del Sur S.A. Investor Presentation
Transportadora de Gas del Sur S.A. Investor Presentation July 2024
Slide 2: Shareholders and Management
Shareholders and Management OWNERSHIP STRUCTURE STRONG SPONSORSHIP FROM SHAREHOLDERS • Pampa Energía is a leading energy company with upstream O&G production providing experienced support. • Sielecki group is a large player in the petrochemical and Argentine Pension pharmaceutical industries. Fund 2
Slide 3: tgs' businesses
tgs’ businesses Natural Gas Transportation Production, Storage and Dispatch of Liquids Regulated Business Non-Regulated Business Bahía Blanca Neuba I and Neuba II Midstream Pipelines Telecommunication Services Non-Regulated Business San Martín Non-Regulated Business Pipeline — tgs’ System Neuquén 3
Slide 4: tgs at a Glance
tgs at a Glance Natural Gas Transportation Liquids Midstream and Other Services 1º 2º Vaca Muerta The Largest Gas Pipeline in Latin America Natural Gas Processor Shale Gas Transportation (182 km pipeline and 60% 47 60MMm3/d transportation Of the total transported in MMm3/Day Natural Gas capacity) an
Slide 5: tgs is the backbone of the natural gas industry in Argentina
tgs is the backbone of the natural gas industry in Argentina SERVICIOS INTEGRADOS Processing and Telecommunications Fractioning PRODUCTION Storage and CONSUMPTION Dispatch Propane Butane Ethane Natural Gasoline Gathering and Conditioning Transportation Distribution Power Plants Other Services Indust
Slide 6: The Argentine natural gas industry
The Argentine natural gas industry Others 9% Coal 2% 3% Natural gas 26% Hydroelectricity 3% 53% 5% Nuclear energy 3% 8% 2023 NATURAL Renewables 8% ARGENTINE ENERGY GAS PRODUCTION MATRIX 2022 BY PRODUCERS (132 MMm3/D) 13% Oil 22% 31% 13% Source: Federal Energy Bureau – Argentina Source: Federal Energ
Slide 7: tgs is the largest gas transportation company in Latin America
tgs is the largest gas transportation company in Latin America NATURAL GAS TRANSPORTATION REVENUES AND EBITDA (US$MM) FIRM CONTRACTED CAPACITY AND DELIVERIES (MMm3/d) Firm Contracted Capacity Deliveries Revenues 410 81.7 82.6 82.5 82.6 83.0 83.2 83.2 381 69.6 66.9 64.2 68.3 68.6 66.8 67.8 282 EBITDA
Slide 8: Natural gas transportation tariff status
Natural gas transportation tariff status • Last tariff increase under the 2017 Integral Tariff Revision (ITR): 26% (April 2019). • Emergency law (December 2019) and decrees: 1) Suspension of 2017 ITR. 2) ENARGAS granted 2 transitional tariff adjustments: - March 2022: 60% - April 2023: 95% • Decree
Slide 9: Our assets in Bahía Blanca
Our assets in Bahía Blanca Cerri Complex Galván Plant 15 km 9
Slide 10: tgs is one of the largest producers of liquids in Argentina
tgs is one of the largest producers of liquids in Argentina LIQUIDS REVENUES AND EBITDA (US$MM) LIQUIDS PRODUCTION EVOLUTION (´000 MT) Ethane LPG Raw Gasoline 1,168 1,120 1,123 1,133 1,103 587 1,063 1,023 125 113 128 124 123 122 494 501 489 121 Revenues 441 222 393 38% 170 EBITDA 34% 184 127 222 682
Slide 11: Vaca Muerta conditioning expansion map
SA) la Salina Sur Paso Bardas (YPF SA) Molina Norte El Churqui El Porton (YPF SA) Norte (YPF SA) (Total (YPF SA) (YPF SA) Austral SA) The vision was to expand conditioning, Fondo de la Legua/Block I Chachahuen Chapua Este Rio Barrancas CN-VI B (YPF SA) (San Jorge Petroleum SA) (G&P Neuquen (CNQ-4) (
Slide 12: Our assets in Neuquén
Our assets in Neuquén NORTH SECTION WE GREW IN NEUQUÉN TO RENDER MORE AND BETTER SERVICES 32 km 30” Midstream Services: Clients: 115 km 36” • Gathering and 97 Kg/cm2M Treatment Services. • Services at Well Head. TRATAYÉN • O&M of Pipelines SOUTH SECTION and Plants. • Works Management. 35 km 30” 97 K
Slide 13: Tratayén conditioning plant
Tratayén conditioning plant 2021 2023 2024 Expansion Mod. 1 Modules 2 and 3 Modules 4 and 5 2019 2.4MMm3/d 7.0 MMm3/d 13.2 MMm3/d Module 1 US$ 16 MM US$ 32 MM US$ 320 MM 5.4 MMm3/d Total capacity: Total capacity: Total capacity: 7.8 MMm3/d 14.8 MMm3/d 28 MMm3/d 13.2 MMm3/d Convertible to extract LPG
Slide 14: 14 MMm3/d Transportation Capacity Expansion Project
14 MMm3/d Transportation Capacity Expansion Project • To maximize tgs’ midstream La Carlota – Tío Pujio Norte business in Vaca Muerta. 120 km | 36" Conditioning Plant – Tratayén Pipeline - TGN Centro Oeste • To replace more expensive LNG Vaca Muerta Norte Pipeline Pipeline - TGN and diesel imports.
Slide 15: tgs' project under evaluation
tgs’ project under evaluation NGL Project • Natural gas processing plant (40 MMm3/d and 2.3 MM MT annual production of LPG and raw gasoline) in Tratayén. • Poliduct from Tratayén to Bahía Blanca. • Fractioning, storage and dispatching plants in Tratayén Bahía Blanca. Bahía Blanca 15
Slide 16: Solid financial performance
Solid financial performance Revenue evolution EBITDA and EBITDA margin evolution US$mm US$mm 48% 49% 54% 49% 43% 39% 40% 904 822 926 855 781 835 437 676 401 368 385 402 336 333 2018 2019 2020 2021 2022 2023 LTM* 2018 2019 2020 2021 2022 2023 LTM* CapEx Net Leverage US$mm 266 215 225 249 1.0x 143 0.8
Slide 17: tgs' financial situation
tgs’ financial situation • Strong cash generation. DEBT PROFILE (US$MM) • High level of cash and financial investments: US$ 557 MM as of 03/31/2024. 501 20 • Diversified revenues with dollar based contracts in the non regulated business. 83 TGS US$ 500MM due May 2, 2025 (bullet): • Coupon: 6.75%, pa
Slide 18: Financial highlights
Financial highlights 1ST QUARTERS YEARS US$ MM1 2024 2023 2023 2022 2021 Net revenues 203 224 855 926 781 Natural Gas Transportation 21 44 185 225 210 Liquids 137 149 501 587 494 Midstream and Other Services 45 30 169 114 77 EBITDA 96 97 334 402 385 Net financial expense 26 (15) (90) (18) (4) Net in
Slide 19: Priority objectives for tgs
Commitment to Sustainable Development Goals (SDGs) Priority objectives for tgs ENVIRONMENTAL SOCIAL GOVERNANCE 19
Slide 20: ESG Strategic Plan
ESG Strategic Plan ENVIRONMENT SOCIAL CORPORATE GOVERNANCE STRATEGY OBJECTIVE STRATEGY OBJECTIVE STRATEGY OBJECTIVE Preserve the environment through a responsible consumption Develop safe and healthy practices. Promote diversity and equality To manage our businesses within a framework of integrity,
Slide 21: For additional information on tgs, please contact
For additional information on tgs, please contact: Leandro Perez Castaño, Finance and The material that follows is a presentation of general background These risks and uncertainties include, but are not limited to, changing information about Transportadora de Gas del Sur S.A. (“TGS” or the business,
Slide 22: Slide 22
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