Ypf Sa Class D · BCBA:YPFD
Ypf Sa Class D — Q3 2012 Earnings Presentation
16 slides from Ypf Sa Class D's earnings presentation, Nov 7, 2012
Slide 1: 3rd Quarter 2012 Earnings Webcast
3rd Quarter 2012 Earnings Webcast November 7, 2012
Slide 2: Disclaimer
Disclaimer Safe harbor statement under the US Private Securities Litigation Reform Act of 1995. This document contains statements that YPF believes constitute forward-looking statements within the meaning of the US Private Securities Litigation Reform Act of 1995. These forward-looking statements ma
Slide 3: 3rd Quarter 2012 Highlights
3rd Quarter 2012 Highlights Revenues reached ARS 17,4bn EBITDA was ARS 4,4bn Total capex topped ARS 4,1bn Crude oil production 229.3 Kbbl/d (+0.6% vs. Q3 2011) Natural gas production 34.3 Mm3/d (-1.7% vs. Q3 2011) High utilization rates in our refineries (96%) Marketshare: gasoline 57% and diesel 60
Slide 4: Operating Income
Operating Income Operating income dropped 31.2%, mainly driven by cost increases and negative results from affiliates that offset higher revenues. In million of ARS 2,211 211 2,606 -2,286 -505 1,794 -314 -104 -25 3Q 2011 Revenues Purchases Costs of sales DD&A Affiliates 1 SG&A Others 3Q 2012 1. Incl
Slide 5: Operating Income by Business
Operating Income by Business Higher crude oil prices generated a decrease in the Refining and Marketing business operating income. In million of ARS 2,606 7 1,794 -706 -101 -12 3Q 2011 Chemicals Refining and Others Upstream 3Q 2012 marketing 5
Slide 6: Operating Income - Upstream
Operating Income - Upstream Upstream operating income was ARS 1,043 million, only 1.1% lower, despite the negative impact of ARS 272 million in the result of the affiliate companies and ARS 411 million in depreciations. In million of ARS 2,389 -1,195 -411 -272 1,055 1,043 -255 -238 -31 3Q 2011 Reven
Slide 7: Operational Highlights - Upstream
Operational Highlights - Upstream Both natural gas and crude oil production were slightly over the expected volumes in the strategic plan presented in August 2012. Crude oil production (kbbl/d) Natural gas (Mm3/d) +0.6% -1.7% 236,7 +0.9% +0.9% 228,0 227,9 227,2 229,3 34,9 34,3 Strategic 34,0 plan 33
Slide 8: Operating Income - Refining and Marketing
Operating Income - Refining and Marketing Higher crude oil prices impact on R&M operating income. In million of ARS 1,871 4 1,330 -2,180 624 -291 -69 -40 3Q 2011 Revenues Others Purchases Production SG&A DD&A 3Q 2012 costs 8
Slide 9: Operational Highlights - Refining and Marketing
Operational Highlights - Refining and Marketing Refinery throughput increases were in line with domestic demand needs, pushing the refineries utilization rates higher to 96% Refinery throughput (kbbl/d) Domestic refined products sales (km3) +0.3% +0.3% +9% +5.9% 4.180 4.215 305 306 3.871 3.869 289 3
Slide 10: Operating Income - Chemicals
Operating Income - Chemicals An increase in the result of Profertil, which reached ARS 158 million, offset the negative impact of the decrease in domestic sales volumes against Q3 2011. In million of ARS 25 33 80 353 361 -97 -22 -12 3Q 2011 Revenues Profertil SG&A Purchases DD&A Production 3Q 2012 c
Slide 11: Cashflow
Cashflow A healthy Cashflow from Operations financed approximately 85% of capex. In million of ARS Proceeds Uses 1,105 3,484 978 460 -4,071 1 2 Cash and equivalents at Cashflow from Net financing Capex Cash and equivalents at the beginning of Q3 operations the end of Q3 1. Includes effect of changes
Slide 12: Access to Financing
Access to Financing Total new issuances YTD in 2012 add up to ARS 4.25bn. Class VI Class VII Class VIII Class IX (Q4 Class X Class XI (2) (Q3 2012) (Q3 2012) (Q3 2012) 2012) (Q4 2012) (Q4 2012) Amount ARS 100M ARS 200M ARS1,200M USD 129.8M USD 293.4M ARS 750M Maturity 270 days 18 months 36 months 24
Slide 13: Capital Expenditures
Capital Expenditures (1) In million of ARS +14.3% Upstream 4,129 Increased drilling in Vaca Muerta 3,612 formation, as of to date more than 65 wells drilled. Coupled with increased activity in conventional drilling. Refining and Marketing Start up of desulphurizers in La Plata and Luján de Cuyo, and
Slide 14: Summary
Summary First full quarter under new management; after more than ten years first earnings webcast and conference call New strategic plan presented; quarterly financial and volumetric results in line On track to reverse the declining production of last years Drop in profitability partly related to (i
Slide 15: Questions and Answers
3rd Quarter 2012 Earnings Webcast Questions and Answers 15
Slide 16: 3rd Quarter 2012 Earnings Webcast
3rd Quarter 2012 Earnings Webcast November 7, 2012