Transportadora De Gas Del Sur Sa Class B · BCBA:TGSU2
Transportadora De Gas Del Sur Sa Class B — Gas Transporter of the South — Q2 2022 Earnings Presentation
20 slides from Transportadora De Gas Del Sur Sa Class B's earnings presentation, Aug 9, 2022
Slide 1: Buenos Aires, Argentina, August 9, 2022
Buenos Aires, Argentina, August 9, 2022 During the 2Q2022, total comprehensive income amounted to Ps. 5,311 million, or Ps. 7.06 per share (Ps. 35.28 per ADS), compared to a total comprehensive income of Ps. 5,570 million, or Ps. 7.40 per share (Ps. 37.00 per ADS) in the second quarter ended on June
Slide 2: Operating costs and expenses breakdown 2Q2022 vs 2Q2021
The breakdown of operating costs, administrative and commercialization expenses , excluding depreciation, for 2Q2022 and 2Q2021 is shown in the table below:
Slide 3: Operating costs and financial results variation
Operating costs and administrative and selling expenses , excluding depreciation, decreased by approximately Ps. 570 million in 2Q2022 compared to 2Q2021. This variation is due to the lower cost of natural gas consumed for liquids production (a lower volume partially offset by higher prices) and low
Slide 4: Natural Gas Transportation
Natural Gas Transportation Operating profit before depreciation of the Natural Gas Transportation segment decreased by Ps. 260 million.
Slide 5: Natural gas transportation revenue share
Natural gas transportation revenues accounted for approximately 29% and 28% of total revenues in 2Q2022 and 2Q2021, respectively. Revenues from this segment are derived mainly from firm natural gas transportation contracts which represent approximately 84% of the total revenues of this segment in 2Q
Slide 6: Tariff increase and Liquids Production and Commercialization
This tariff segment, subject to ENARGAS regulation, received its last tariff increase of 60% on March 1, 2022 following three years of no increments. Transportadora de Gas del Sur S.A. 3 3672 Don Bosco St. (1206), Autonomous City of Buenos Aires, Argentina. https://www.tgs.com.ar/investors/Press-rel
Slide 7: Liquids segment operating profit before depreciation
Operating profit before depreciation in this business segment during 2Q2022 was Ps. 1,202 million below 2Q2021, reaching Ps. 6,043 million (compared to Ps. 7,245 million recorded in 2Q2021). This variation stems mainly from lower revenues of Ps. 2,040 million, which was partially compensated by a re
Slide 8: Other Services and Telecommunications
Transportadora de Gas del Sur S.A. 4 3672 Don Bosco St. (1206), Autonomous City of Buenos Aires, Argentina. https://www.tgs.com.ar/investors/Press-releases 2 Q2022 EARNINGS RELEASE These effects were partially offset by the increase in international reference prices of Ps. 2,924 million, the nominal
Slide 9: Other services operating profit before depreciation
Operating profit before depreciation increased by Ps. 711 million mainly as a result of a Ps. 867 million increase in revenues in 2Q2022, which was partially offset by the increase in the operating costs of Ps. 146 million. The increase in revenues was primarily explained by: (i) higher natural gas
Slide 10: Financial position analysis: Net debt
Transportadora de Gas del Sur S.A. 5 3672 Don Bosco St. (1206), Autonomous City of Buenos Aires, Argentina. https://www.tgs.com.ar/investors/Press-releases 2 Q2022 EARNINGS RELEASE Financial position analysis Net debt As of June 30, 2022, our net debt amounted to Ps. 12,501 million compared to Ps. 1
Slide 11: Liquidity and capital resources
Liquidity and capital resources The net variation in cash and cash equivalents for 2Q2022 and 2Q2021 was as follows:
Slide 12: Fund allocations as of June 30, 2022
As of June 30, 2022 and December 31, 2021, fund allocations were as follows:
Slide 13: Free cash flow reconciliation
Transportadora de Gas del Sur S.A. 6 3672 Don Bosco St. (1206), Autonomous City of Buenos Aires, Argentina. https://www.tgs.com.ar/investors/Press-releases 2 Q2022 EARNINGS RELEASE Below is a reconciliation of the free cash flows for the 2Q2022 and 2Q2021:
Slide 14: 2Q2022 vs. 2Q2021 operating cash flow
2Q2022 vs. 2Q2021 During 2Q2022, cash flow ( used in ) / provided by operating activities amounted to Ps. 2,632 million, Ps. 8,429 million below 2Q2021, and is mainly explained by higher income tax payments as well as an increase in working capital.
Slide 15: Cash flow used in investing activities
Cash flow used in investing activities amounted to Ps. 1,369 million in 2Q2022, compared to Ps. 5,425 in 2Q2021, mainly due to the collection of financial assets not considered cash equivalents made during 2Q2022. This effect was partially offset by higher payments for PPE acquisition of Ps. 532 mil
Slide 16: Financial Information for the three and six-month periods
Transportadora de Gas del Sur S.A. Financial Information for the three and six-month periods ended June 30, 2022 and 2021 (In millions of Argentine pesos, except for per share and Per ADS information in pesos or where otherwise indicated) 292022 292021 6M 2022 Natural Gas Trangportation 8,241 8,357
Slide 17: 3672 Don Q2022 EARNINGS RELEASE
Transportadora de Gas del Sur S.A. 9 3672 Don Bosco St. (1206), Autonomous City of Buenos Aires, Argentina. https://www.tgs.com.ar/investors/Press-releases 2 Q2022 EARNINGS RELEASE
Slide 18: 3672 Don Q2022 EARNINGS RELEASE
Transportadora de Gas del Sur S.A. 10 3672 Don Bosco St. (1206), Autonomous City of Buenos Aires, Argentina. https://www.tgs.com.ar/investors/Press-releases 2 Q2022 EARNINGS RELEASE
Slide 19: 3672 Don Q2022 EARNINGS RELEASE
Transportadora de Gas del Sur S.A. 11 3672 Don Bosco St. (1206), Autonomous City of Buenos Aires, Argentina. https://www.tgs.com.ar/investors/Press-releases 2 Q2022 EARNINGS RELEASE
Slide 20: 3672 Don
Transportadora de Gas del Sur S.A. 12 3672 Don Bosco St. (1206), Autonomous City of Buenos Aires, Argentina. https://www.tgs.com.ar/investors/Press-releases
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