Vista Energy Sab De Cv Class A · BMV:VISTA/A
Vista Energy Sab De Cv Class A — Q3 2024 Earnings Presentation
12 slides from Vista Energy Sab De Cv Class A's earnings presentation, Oct 24, 2024
Slide 1: Third Quarter 2024 Earnings Webcast
Third Quarter 2024 Earnings Webcast October 24, 2024
Slide 2: About projections and forward-looking statements
02 About projections and forward-looking statements Additional information about Vista Energy, S.A.B. de C.V., a sociedad anónima bursátil de capital variable organized under the laws of Mexico (the “Company” or “Vista”) can be found in the “Investors” section on the website at www.vistaenergy.com.
Slide 3: Strong operational and financial performance during the quarter
03 Strong operational and financial performance during the quarter Q3 2024 HIGHLIGHTS Production (1) Oil Production Revenues Lifting Cost (2) CAPEX (3) 72.8 Mboe/d 63.5 Mbbl/d 462 $MM 4.7 $/boe 369 $MM +47% y-o-y +53% y-o-y +53% y-o-y (2)% y-o-y +103% y-o-y +12% q-o-q +11% q-o-q Adj. EBITDA (4) Adj.
Slide 4: Sequential double-digit production growth
04 Sequential double-digit production growth TOTAL PRODUCTION (1) OIL PRODUCTION NATURAL GAS PRODUCTION Mboe/d Mbbl/d MMm3/d +47% +53% +16% +12% +11% +12% 72.8 65.3 63.5 57.2 1.42 1.22 1.26 49.5 41.5 Q3-23 Q2-24 Q3-24 Q3-23 Q2-24 Q3-24 Q3-23 Q2-24 Q3-24 ▪ Recorded 12% sequential production growth, d
Slide 5: Solid execution of development hub activity schedule
05 Solid execution of development hub activity schedule DEVELOPMENT HUB Q3-24 PROGRESS 35 30 25 PAD NAME NUMBER OF WELLS TIE-IN Aguada Federal BPO-27 5 Mid August 40 BPE-5 3 Mid August Bajada del BPO-28 4 Early September Palo Este BPO-29 3 Early October Bajada del 50-54 Palo Oeste Tied-in 40 wells Y
Slide 6: Revenue growth above 50% y-o-y
06 Revenue growth above 50% y-o-y REVENUES (1) AVERAGE CRUDE OIL PRICE AVERAGE NATURAL GAS PRICE $MM $/bbl $/MMBtu +53% +1% +14% +17% 462.4 3.9 71.8 3.8 396.7 67.6 68.4 3.3 302.8 Q3-23 Q2-24 Q3-24 Q3-23 Q2-24 Q3-24 Q3-23 Q2-24 Q3-24 % of export in total revenues 57% 40% 54% Oil exports (MMbbl) 2.2 1
Slide 7: Low cost, fully-focused shale oil producer
07 Low cost, fully-focused shale oil producer LIFTING COST (1) LIFTING COST PER BOE (1)(2) $MM $/boe +44% (2)% 31.6 4.8 4.7 4.5 26.7 21.9 72.8 65.3 49.5 Q3-23 Q2-24 Q3-24 Q3-23 Q2-24 Q3-24 Lifting cost per boe Total production (Mboe/d) ▪ Interannual decrease in lifting cost per boe driven by product
Slide 8: Robust increase in Adj. EBITDA y-o-y
08 Robust increase in Adj. EBITDA y-o-y ADJ. EBITDA (1) ADJ. EBITDA MARGIN (2) NETBACK (3) $MM % $/boe +37% (10)p.p. (7)% +8% 75% 70% 310.2 65% 49.8 288.4 48.5 46.3 226.4 67.6 71.8 68.4 Q3-23 Q2-24 Q3-24 Q3-23 Q2-24 Q3-24 Q3-23 Q2-24 Q3-24 Adj. EBITDA margin Realized crude oil price ($/bbl) ▪ Intera
Slide 9: Accelerating capex to support production ramp-up
09 Accelerating capex to support production ramp-up 9 Q3 2024 CASH FLOW EVOLUTION (1) FREE CASH FLOW (3) $MM $MM 255 8 328 2 256 (43) (329) (74) Beginning of period Operating activities Investing activities Financing activities End of period Q3-23 Q2-24 Q3-24 cash position cash flow cash flow cash f
Slide 10: Raising our 2025 targets
10 Raising our 2025 targets Accelerated growth in Secured oil midstream Secured 3rd drilling rig 2024, expecting to reach capacity of 124 Mbbl/d by and 2nd frac set, to grow 85 Mboe/d in Q4-24 YE-25 to evacuate growth (1) further during 2025 PRODUCTION ADJ. EBITDA (2) Mboe/d $MM +40% +40% 1,50
Slide 11: Closing remarks
11 Closing remarks Strong operational and financial performance during the quarter Robust execution of annual work program, with 40 wells tied-in YTD On track to deliver on 2024 activity, production, lifting cost and Adj. EBITDA guidance Executed 50 $MM of share buybacks in Q3-24, for a total of 100
Slide 12: Thanks! Q&A
VISTA ENERGY FOR TOMORROW THANKS! Q&A
Vista Energy S.A.B. de C.V. — Q3 2024 Earnings Presentation on 6ix