Transportadora De Gas Del Sur Sa Class B · BCBA:TGSU2
Transportadora De Gas Del Sur Sa Class B — Gas Transporter of the South — Q1 2017 Earnings Presentation
28 slides from Transportadora De Gas Del Sur Sa Class B's earnings presentation, Jun 2, 2017
Slide 1: Overview
Overview For the three-month period ended March 31, 2017, the Company has reported a total comprehensive income of Ps. 664.8 million, compared with a total comprehensive loss of Ps. 52.1 million reported in the same period last year, representing a Ps. 716.9 million increase. This positive variation
Slide 2: Exchange loss and income tax expense; Liquidity
This positive variation is mainly due to the lower exchange loss of Ps. 459.5 million as a result of the appreciation of the Argentine peso. The selling exchange rate of the peso ended at a value of Ps. 15.39 per US dollar at March 31, 2017, representing a decrease of 3.1% (or Ps. 0.50 per U.S. doll
Slide 3: Cash flow and Consolidated Statements of Financial Position
The positive variation in the cash and cash equivalents in the three-month period ended March 31, 2017, amounted to Ps. 907.4 million. The cash flow generated from operations increased Ps. 547.0 million, mainly due to the improvement in operating income. The net cash flow used in financing activitie
Slide 4: Consolidated Statements of Comprehensive Income Summary
4. Consolidated Statements of Comprehensive Income Summary Summary of the consolidated statements of comprehensive income information for the three-month periods ended March 31, 2017, 2016, 2015, 2014 and 2013:
Slide 5: Statistical Data (Physical Units)
5. Statistical Data (Physical Units)
Slide 6: Three-month period ended March 31 statistical data
Three-month period ended March 31, 2017 2016 2018 2014 2013 Gas Transportation Averge fim contacted capactiy Gn billions of cubic feet perday ("Bcf") 283 283 298 292 Avenge daily deliveies (in Bed) 24 197 208 215 NGL production and commercialization + Production Ethane (i shot tones) 81,158 92788 10
Slide 7: Statements of Financial Position
Luis Alberto Fallo Chairman of the Board of Directors TRANSPORTADORA DE GAS DEL SUR S.A. CONDENSED INTERIM CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AS OF MARCH 31, 2017 AND DECEMBER 31, 2016 (Stated in thousands of pesos as described in Note 3)
Slide 8: Statements of Changes in Equity
Luis Alberto Fallo Chairman of the Board of Directors TRANSPORTADORA DE GAS DEL SUR S.A. CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY FOR THE THREE-MONTH PERIODS ENDED MARCH 31, 2017 AND 2016 (Stated in thousands of pesos as described in Note 3)
Slide 9: Statements of Cash Flows
Luis Alberto Fallo Chairman of the Board of Directors TRANSPORTADORA DE GAS DEL SUR S.A. CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE THREE-MONTH PERIODS ENDED MARCH 31, 2017 AND 2016 (Stated in thousands of pesos as described in Note 3) ___________________________________________
Slide 10: Notes to the Financial Statements: General Information
Luis Alberto Fallo Chairman of the Board of Directors TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF MARCH 31, 2017 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless otherwise stated) __________________
Slide 11: Notes to the Financial Statements
TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF MARCH 31, 2017 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless otherwise stated) ________________________________________________________________________
Slide 12: Summary of Significant Statement of Financial Position Items
9. SUMMARY OF SIGNIFICANT STATEMENT OF FINANCIAL POSITION AND STATEMENT OF COMPREHENSIVE INCOME ITEMS a) Other receivables
Slide 13: Other receivables by currency
The breakdown of other receivables based on its currency of origin is the following:
Slide 14: Trade receivables by currency
The breakdown of trade receivables based on its currency of origin is the following:
Slide 15: Allowance movements
Balances as of December 31, 2015 1,389 Additions ~ Applications = Decreases - Balances as of March 31,2016 1,389 Additions 19.703 Applications 389) Decreases - Balances as of December 31, 2016 19,703, Applications = Decreases” 4970) Balances as of March 31,2017 ® Recorded in Selling Expenses.
Slide 16: Advances from customers; Other payables
Advances from customers are denominated in pesos. e) Other payables
Slide 17: Net financial results
TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF MARCH 31, 2017 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless otherwise stated) j) Net financial results
Slide 18: Financial income and expenses
For the three-month period ended 2017 Financial income ‘Derivative Snandial instrument esults = 31g Tnterest meome 0 48210 Fair value gains on Gnancalinstroments through pater loss 4130 11,066 Forza sichange gain OT 92.996 Subtotal 2815 203,674 Financial expenses ‘Interest expense CRS 26005, Foreien
Slide 19: Loans
TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF MARCH 31, 2017 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless otherwise stated) 13. LOANS Short-term and long-term loans as of March 31, 2017 and Decemb
Slide 20: Loans by currency of origin
The breakdown of loans based on its currency of origin is the following:
Slide 21: Loan maturities
The maturities of the current and non-current loans as of March 31, 2017 are as follows:
Slide 22: Financial instruments by category and hierarchy
The total amount of provisions is included on current Liabilities. TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF MARCH 31, 2017 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless otherwise stated) 16. F
Slide 23: Notes to the Financial Statements
TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF MARCH 31, 2017 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless otherwise stated)
Slide 24: Fair value measurement hierarchy and estimates
16.2 Fair value measurement hierarchy and estimates According to IFRS 13, the fair value hierarchy introduces three levels of inputs based on the lowest level of input significant to the overall fair value. These levels are: · Level 1: includes financial assets and liabilities whose fair values are
Slide 25: Related party transactions, 2017
The detail of significant transactions with related parties for the three-month period ended March 31, 2017 and 2016 is as follows: Three-month period ended March 31, 2017:
Slide 26: Related party transactions, 2016
TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF MARCH 31, 2017 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless otherwise stated) Three-month period ended March 31, 2016:
Slide 27: Subsidiary and Associates
SUBSIDIARY AND ASSOCIATES Link: Link was created in February 2001, with the purpose of the operation of a natural gas transportation system, which links TGS’s natural gas transportation system with the Cruz del Sur S.A. pipeline. The connection pipeline extends from Buchanan, located in the high-pre
Slide 28: Limited Review Report
Free translation from the original prepared in Spanish for publication in Argentina LIMITED REVIEW REPORT To the Shareholders, President and Directors of Transportadora de Gas del Sur S.A. Introduction We have reviewed the accompanying condensed interim consolidated financial statements of Transport
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