Transportadora De Gas Del Sur Sa Class B · BCBA:TGSU2
Transportadora De Gas Del Sur Sa Class B — Gas Transporter of the South — Q1 2021 Earnings Presentation
16 slides from Transportadora De Gas Del Sur Sa Class B's earnings presentation, May 7, 2021
Slide 1: Breakdown of operating costs and expenses 1Q2021 vs 1Q2020
The breakdown of operating costs, administrative and commercialization expenses , excluding depreciation, for 1Q2021 and 1Q2020 is shown below:
Slide 2: Operating costs, financial results and income tax variation
Operating costs and administrative and selling expenses , excluding depreciation, decreased by approximately Ps. 2,032 million in 1Q2021 compared to 1Q2020. This variation is mainly explained by lower: (i) natural gas costs (lower prices due to the inflation restatement effect in accordance with IAS
Slide 3: Natural Gas Transportation
Natural Gas Transportation Operating profit before depreciation of the Natural Gas Transportation segment decreased by Ps. 1,845 million.
Slide 4: Natural gas transportation revenues share and contracts
Natural gas transportation revenues accounted for approximately 32% and 44% of total revenues in 1Q2021 and 1Q2020, respectively. Revenues from this segment derived mainly from firm natural gas transportation contracts, which represented approximately 79% of revenues of this segment in 1Q2021 and 1Q
Slide 5: Tariff segment and Liquids Production and Commercialization
This tariff segment, subject to ENARGAS regulation, received its last tariff increase on April 1st, 2019, following Resolution No. 192/2019. The decrease in operating profit was mainly related to lower revenues given the lack of a tariff adjustment to compensate for the negative variation associated
Slide 6: Liquids segment operating profit and revenues
Operating profit before depreciation of this business segment in 1Q2021 was Ps. 2,930 million higher than in 1Q2020, reaching Ps. 5,818 million (Ps. 2,888 million in 1Q2020). This variation stems from: (i) increase in revenues of Ps. 1,469 million, (ii) decrease in natural gas processing costs (main
Slide 7: Other Services and Telecommunications
Other Services and Telecommunications This business segment mainly includes services such as midstream and telecommunications, representing approximately 9% and 7% of our total revenues in 1Q2021 and 1Q2020, respectively.
Slide 8: Other services operating profit and net debt
Operating profit before depreciation increased by Ps. 361 million (54%) mainly as a result of a Ps. 233 million increase in revenues in 1Q2021, and a decrease in operating costs by Ps. 150 million. The increase in revenues was mainly due to: (i) the nominal effect of the exchange rate on U.S. dollar
Slide 9: Liquidity and capital resources
Liquidity and capital resources The net variation in cash and cash equivalents for 1Q2021 and 1Q2020 was as follows:
Slide 10: Reconciliation of free cash flows 1Q2021 and 1Q2020
Below is a reconciliation of the free cash flows for the 1Q2021 and 1Q2020:
Slide 11: Operating cash flow in 1Q2021
During 1Q2021, cash flow generated by the operating activities amounted to Ps. 9,003 million, Ps. 1,559 million higher than in 1Q2020, mainly due to higher operating income before 1Q 2021 EARNINGS RELEASE depreciation and lower income tax payments. These effects were partially offset by lower revenu
Slide 12: Financial Information for the 1Q2021 and 1Q2020
Transportadora de Gas del Sur S.A. ancial Information for the 1Q2021 and 1Q2020 (In millions of Argentine pesos, except for per share and per ADS information in pesos or where otherwise indicated) 192021 192020 Natural Gas Transportation 5,328 7,724 Liquids Production and Commerciaization 9,860 8,39
Slide 13: Financial Results for the 1Q2021 and 1Q2020
Financial Results for the 1Q2021 and 1Q2020 192021 192020 income Interest 542 126 Foreign exchange gain 2,071, 1168 Subtotal 2,613 1,294 Financial expenses interest (673) (81) Foreign exchange loss (4,376) (3,762) Subtotal (5,249) (4,643) Other finandal results Derivative financial instruments resus
Slide 14: Business Segment information
Business Segment information iat cas Gents Coes Tl in milions of Argentine Pesos) Revenues 528 9,860 7,396 7 16,670 Operating profit before depreciation 3,503 5818 1,006 29 10,355 Depreciation 7,295) 115) 348) 1,758) Operating proft 2,208 5,703 658 29 8,597 Revenues 77a 3391 1081 168 17364 Operating
Slide 15: Consolidated Statement of Financial Position
‘Transportadora de Gas del Sur S.A. Consolidated Statement of Financial Position as of March 31, 2021 and December 31, 2020 (In millions of Argentine pesos) 03/31/2021 12/31/2020 Assets Non Current assets Property, plant and equipment 311,412 111,680 Investments in associates 151 145 Other financial
Slide 16: Signatures
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Transportadora de Gas del Sur S.A. By: /s/Alejandro M. Basso Name: Alejandro M. Basso Title: Vice Presi
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