Ypf Sa Class D · BCBA:YPFD
Ypf Sa Class D — Debt Investor Presentation (May 2024)
15 slides from Ypf Sa Class D's debt investor presentation, May 2024
Slide 1: Summary of the Offering & Credit Update
Documento: YPF-Público SUMMARY OF THE OFFERING & CREDIT UPDATE MAY 2024 Documento: YPF-Público
Slide 2: Important Notice
IMPORTANT NOTICE Documento: YPF-Público Additional information about YPF S.A., a sociedad anónima organized under the laws of Argentina (the “Company” or “YPF”) can be found in the “Investors” section on the website at www.ypf.com. This presentation does not constitute an offer to sell or the solici
Slide 3: Description of the New Bonds – Local Bond Issuance
DESCRIPTION OF THE NEW BONDS – LOCAL BOND ISSUANCE Documento: YPF-Público THE COMPANY OFFERS DOLLAR BONDS WITH A 2 YEAR FINAL MATURITY IN THE FIRST LOCAL BOND ISSUANCE SINCE OCTOBER 2023. Issuer YPF SA Program Simplified Regime for Frequent Capital Market’s Issuers Ranking Senior Secured Rating AAA
Slide 4: Main Highlights 1Q24
Documento: YPF-Privado MAIN HIGHLIGHTS 1Q24 May 2023, we resumed oil exports to Chile, averaging 7 kbbl/d 1Q 2024, we exported 23 kbbl/d, revenues amounting to US$ ~155mn REVENUES ADJ. NET PRODUCTION CAPEX FCF (3) NET EBITDA (1) INCOME LEVERAGE RATIO US$ US$ US$ BOE/D US$ US$ 4,310 mn 1,245 mn 657 m
Slide 5: Manageable short-term maturities and sustainable long term maturity profile
FINANCIAL RESULTS Documento: YPF-Público MANAGEABLE SHORT-TERM MATURITIES AND SUSTAINABLE LONG TERM MATURITY PROFILE, WHILE MAINTAINING A SOLID LIQUIDITY POSITION Bonos internacionales CONSOLIDATED PRINCIPAL DEBT AMORTIZATION SCHEDULE Otras deudas locales AT THE END OF 1Q24 Otras deudas internaciona
Slide 6: 4x4 Challenge based on 4 strategic pillars
STRATEGIC OUTLOOK Documento: YPF-Público TO BUILD THIS VISION, WE LAUNCHED OUR “4X4 CHALLENGE” BASED ON 4 STRATEGIC PILLARS 01 02 03 04 Focus on our Active Maximize Argentine most profitable portfolio Upstream and LNG project business management Downstream efficiency Vaca Muerta SHORT TERM SHORT AND
Slide 7: Our plan is already ongoing
STRATEGIC OUTLOOK Documento: YPF-Público OUR PLAN ✓ Active fuels prices strategy, reducing IS ALREADY gap versus international parities ONGOING ✓ Returning to international capital markets ✓ Increasing shale oil activity levels ✓ Board approval to divest mature fields Documento: YPF-Público
Slide 8: Focus on our more profitable business – Vaca Muerta
STRATEGIC OUTLOOK – FOCUS ON OUR MORE PROFITABLE BUSINESS – VACA MUERTA Documento: YPF-Público 01 NET SHALE OIL PRODUCTION DEVELOP KBBL/d NORTH ACCELERATION HUB OF SHALE OIL ~+35% 01 OPPORTUNITIES 02 >160 SCALE PILLAR +24% CORE HUB 02 01 >120 03 03 DEVELOP 97 SOUTH HUB 77 53 ~15 rigs in 2024E operat
Slide 9: Midstream oil projects
MIDSTREAM OIL PROJECTS Documento: YPF-Público MAKING PROGRESS IN MIDSTREAM OIL EXPANSION PROJECTS NEUQUINA BASIN’S OIL MIDSTREAM MAP OF ONGOING OIL MIDSTREAM EXPANSIONS ESTIMATED CAPACITY EVOLUTION (1) KBBL/D Midstream debottlenecking projects aiming at accessing ~1,500 VMS LUJAN DE CUYO REFINERY th
Slide 10: Active portfolio management
STRATEGIC OUTLOOK – ACTIVE PORTFOLIO MANAGEMENT Documento: YPF-Público PILLAR WE WILL ACTIVELY MANAGE OUR PORTFOLIO TO IMPROVE PROFITABILITY 02 - 50% Increasing shale production LIFTING ~25 COSTS ~25 share from ~50% to ~80% of our ~15 ~16 YPF ~13 total production will allow us to ~8 USD/BOE ~5 ~5 ~5
Slide 11: Maximize upstream and downstream efficiency
STRATEGIC OUTLOOK – MAXIMIZE UPSTREAM AND DOWNSTREAM EFFICIENCY Documento: YPF-Público SHALE OIL METERS PER DAY DRILLING SPEED – CORE HUB – SHALE OIL INDUSTRIALIZATION WE WILL EFFICIENCIES MAXIMIZE OUR BASED ON 3 PILLARS: 284 >290 >310 OPERATIONAL 255 PERFORMANCE 207 TO BECOME A Automatization of WO
Slide 12: New efficiencies and productivity goals at our refineries
STRATEGIC OUTLOOK – MAXIMIZE UPSTREAM AND DOWNSTREAM EFFICIENCY Documento: YPF-Público PILLAR WE ARE TARGETING NEW EFFICIENCIES AND PRODUCTIVITY GOALS 03 AT OUR REFINERIES OPTIMIZATION OF OUR REFINERIES COSTS REDUCTION IN THE SHORT OUTPUT BY: AND MEDIUM TERM THROUGH: Higher processing levels from La
Slide 13: Argentine LNG Project
STRATEGIC OUTLOOK – ARGENTINE LNG PROJECT Documento: YPF-Público LNG (MTPA) MAKING PROGRESS IN THE 2027 EXISTING FLOATING LNG FACILITIES FIRST ARGENTINE (EARLY PRODUCTION) 1-2 LNG PROJECT + 2029 PILLAR 2030 NEW FLOATING LNG FACILITIES (TIER ONE CAPACITY) 8-9 04 + 2030 2032+ ONSHORE MODULES 15-20 YPF
Slide 14: Guidance
Documento: YPF-Público SHALE OIL PRODUCTION vs. 2023 CAPEX BREAKDOWN 2024 +24% USD B 5.0 0.4 GUIDANCE Other 0.9 PORTFOLIO MANAGEMENT Downstream 0.7 CONVENTIONAL Conventional BASED ON Shale MATURE STRATEGY 2023 FIGURES ~50 BLOCKS EXIT 3.0 ~90 KBBL/D CRUDE OIL PRODUCTION (~60%1) ~6.5 Mm3/d GAS PRODUCT
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