Pampa Energia Sa · BCBA:PAMP

Pampa Energia Sa — Q2 2022 Earnings Presentation

16 slides from Pampa Energia Sa's earnings presentation, June 2022

  1. Slide 1: Q2 2022 results videoconference

    Q2 2022 results videoconference

  2. Slide 2: Disclaimer

    Disclaimer The material that follows is a presentation of general background information about Pampa Energia S.A.("Pampa” or the “Company”) as of the date of the presentation. It is information in summary form and does not purport to be complete. It is not intended to be relied upon as advice to pot

  3. Slide 3: Q2 2022's key takeaways - consolidated figures

    Q2 2022’s key takeaways - consolidated figures, in US$ million Gas is the quarter’s rising star Revenues1 Consolidated adjusted EBITDA1 +6% yoy 580 +27% yoy 253 +13% qoq 528 +10% qoq 239 458 225 ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓  52%  42% 44%   Q2 22 Q2 22 Capex1 Consolidated adjusted EBITDA breakdown1,2 +49% yoy

  4. Slide 4: Power generation

    Power generation PPAs still make this segment a resilient business Adjusted EBITDA1, in US$ million Generation performance, in GWh -18% yoy 4,892 +18% yoy 121 121 4,477 -8% qoq -18% qoq 3,808 99  ✓ ✓  63% 63% 55% ✓ ✓ ✓  ✓ Q2 22 Q2 22 Availability performance, in % to installed capacity ✓ 97.9% 97

  5. Slide 5: Ensenada Barragán Thermal Power Plant

    Ensenada Barragán Thermal Power Plant Key infrastructure project for Argentina’s electricity supply 280 MW expansion to CCGT Q4 2022 US$233 million 450 people 86% Aerial view of CTEB Pampa Energía ⚫ 5

  6. Slide 6: PEPE III Wind Farm expansion

    PEPE III Wind Farm expansion Growing our green energy contribution 81 MW expansion Q2 2023 US$128 million 54% Pampa Energía ⚫ 6

  7. Slide 7: Oil and gas: new all-time-high gas production record

    Oil and gas New all-time-high gas production record Monthly production in mcmpd, since 2017 11.2 mcmpd Gas sales, in mcmpd +38% yoy 10.2 +14% qoq 9.0 7.4 Q2 22 Pampa Energía ⚫ 7

  8. Slide 8: Oil and gas: production outperformance coupled with good prices

    Oil and gas Production outperformance coupled with good prices Adjusted EBITDA, in US$ million Lifting cost, in US$ million +39% yoy 102 +82% qoq +62% yoy 36 +35% qoq 73 ✓ 27 56 ✓ 22  ✓ ✓ 5.8 6.1 ✓ 59% 55%  5.1 40%  Q2 22 Q2 22 Production performance, in kboe/d Crude oil sales, in kbbl/d 69.0 72.

  9. Slide 9: Oil and gas: stable outlook and export prospects

    Oil and gas The stable outlook and export prospects contribute to better prices and output Gas sales, in mcmpd Weighted avg gas price for Pampa, in US$/MBTU +38% yoy 4.4 4.4 +14% qoq 10.2 3.5 9.0 ✓ 2022 3.9 7.4 ✓ 3.1 ✓ ✓ ✓ Q2 22 Q2 Destination of our sales in Q2 Pampa Pampa Energía ⚫ 9

  10. Slide 10: Petrochemicals

    Petrochemicals Higher spread and int’l prices, Adj. EBITDA, in US$ million Sales performance, in thousand ton +19% yoy 1,739 19 3x qoq 16 91 91 +19% yoy ✓ 76 similar qoq ✓ ✓ ✓ 16% 6 12%  5% Q2 22 Q2 22 Q2 22 sales volume breakdown by market 41% % 59% Pampa Energía ⚫ 10

  11. Slide 11: Q2 financial position

    Q2 22 financial position Solid operating performance & self-financing expansions offset the higher DSO Key cash flow figures for the Restricted Group, US$ million Q2 22 FCF = -US$62 million -US$134m yoy -US$63m qoq +US$103m yoy -US$41m qoq Pampa Energía ⚫ 11

  12. Slide 12: Strong financial position: leverage as of June 30, 2022

    Strong financial position Our credit profile contributed to the success of 2023 exchange offer Key leverage figures, as of June 30, 20221, US$ million Consolidated with Restricted Group Affiliates at ownership3 affiliates at ownership After Q2 2022: Debt2 1,468 329 1,797 • Cash 566 94 660 Net debt 9

  13. Slide 13: Strong financial position: pro-forma after Exchange Offer

    Strong financial position Our credit profile contributed to the success of 2023 exchange offer Key leverage figures, pro-forma after the Exchange Offer and peso issuances1, US$ million Consolidated with Restricted Group Affiliates at ownership3 affiliates at ownership Debt2 1,530 319 1,848 Cash 598

  14. Slide 14: pampaenergia.com

    pampaenergia.com - (in) (Ff) © “ energia

  15. Slide 15: Q2 2022's key takeaways

    Q2 2022’s key takeaways Consolidated figures, in US$ million Q2 22 Net income to shareholders Q2 21 Q2 22 Pampa Energía ⚫ 15

  16. Slide 16: Holding & others

    Holding & others Adj. EBITDA2, in US$ million +24% yoy 41 35 -15% qoq 29 Q2 22 Affiliates’ EBITDA Performance @ 100% Ownership, in US$ million 27 137 ✓ 107 93 ✓ 14 ✓ 9 ✓ ✓   Q2 22 Q2 22 Pampa Energía ⚫ 16

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