Slide 1: Investor Presentation August 2022
Documento: YPF-Público INVESTOR PRESENTATION AUGUST, 2022 Documento: YPF-Público
Slide 2: Important Notice
Documento: YPF-Público IMPORTANT NOTICE Safe harbor statement under the U.S. Private Securities Litigation Reform Act of 1995 (the “Private Securities Litigation Reform Act”). This document contains statements that YPF believes constitute forward-looking statements under within the meaning of the Pr
Slide 3: Agenda
Documento: YPF-Público AGENDA 01. COMPANY OVERVIEW 02. UPSTREAM 03. DOWNSTREAM 04. LATEST FINANCIAL RESULTS Documento: YPF-Público 3
Slide 4: Largest and Leading Company in Argentina
Documento: YPF-Público LARGEST AND LEADING COMPANY IN ARGENTINA Fuels Natural Gas Exports Other Local 01 YPF is the largest company in REVENUES Argentina – in terms of revenues – In Million of US$ with almost 100-year-old history. 02 Leading integrated player in the local 15,544 15,731 O&G industry.
Slide 5: Integrated Across the Entire Value Chain
Documento: YPF-Público INTEGRATED ACROSS THE ENTIRE VALUE CHAIN DOMESTIC MARKET DOMESTIC 83% Domestic prices (gasoline and CRUDE 99.6% MARKET diesel) 17% International prices REFINING (jet fuel, kerosene, fuel oil, LPG OIL PRODUCTION EXPORTS 93% and other) 218 0.4% 278 Kbbl/d Kbbl/d EXPORTS Internat
Slide 6: Profitability of Our Main Affiliates
Documento: YPF-Público PROFITABILITY OF OUR MAIN AFFILIATES EQUITY STAKE 50% 38% 75% 37% 100% LTM ADJ. EBITDA 2Q22 (US$ ) (1) 552 mn 275 mn 345 mn 65 mn 55 mn Seasonality in Execution of the 100 MW PV Solar 25 Kbbl/d of additional More Downstream agribusiness sector Basic Engineering for project, al
Slide 7: Deepening the Path to Low Cost and Low-Carbon Energy Production
Documento: YPF-Público DEEPENING THE PATH TO LOW COST AND LOW-CARBON ENERGY PRODUCTION BREAKDOWN OF DIRECT GHG EMISSIONS- BY BUSINESS (1) INTENSITY OF DIRECT GHG EMISSIONS UPSTREAM (1) % KgCO2e/ BOE UPSTREAM Upstream -17.9% UP-Unconventionals Downstream 56 G&E TARGET 25% 46 41 50% Total emissions 20
Slide 8: 02. Upstream
Documento: YPF-Público AGENDA 01. COMPANY OVERVIEW 02. UPSTREAM 03. DOWNSTREAM 04. LATEST FINANCIAL RESULTS Documento: YPF-Público 88
Slide 9: Dominant Upstream Position with Operations in All Productive Basins
Documento: YPF-Público DOMINANT UPSTREAM POSITION WITH OPERATIONS IN ALL PRODUCTIVE BASINS UPSTREAM PORTFOLIO (1) TOTAL PRODUCTION (2) Other Market share breakdown (%) A NOROESTE 34% 35% PRODUCTION: A 4.1 mm boe % LIQUIDS: % GAS: 12% 88% B CUYANA PRODUCTION: 5.1 mm boe B % LIQUIDS: % GAS: CRUDE OIL
Slide 10: Largest O&G Producer with Shale Leading Future Growth
Documento: YPF-Público LARGEST O&G PRODUCER WITH SHALE LEADING FUTURE GROWTH TOTAL PRODUCTION Crude Oil Natural Gas NGL NET SHALE PRODUCTION Shale Oil Shale Gas KBOE/D KBBL/D & KBOE/D 97 555 530 +3.2x +4.8x 514 504 467 470 68 74 48 50 53 35 39 16 14 23 28 2017 2018 2019 2020 2021 2Q22 2017 2018 2019
Slide 11: Early Stage of Development within Our Vaca Muerta Acreage
Documento: YPF-Público WE ARE STILL AT AN EARLY STAGE OF DEVELOPMENT WITHIN OUR VACA MUERTA ACREAGE STRATEGIC PARTNERS Vaca Muerta´s Total Acreage and YPF´s Share Million Acres VM Acreage Gross Net 3.0 2.6 1.6 1.2 1.1 0.6 Oil Gas LC(1) LACH(2) BS(3) AdlA(4) RdM(5) EO(6) Gross Acres 97,606 46,594 56,
Slide 12: Record High Reserve Replacement Ratio Driven by Shale Additions
Documento: YPF-Público RECORD HIGH RESERVE REPLACEMENT RATIO DRIVEN BY SHALE ADDITIONS EVOLUTION OF HYDROCARBON PROVED RESERVES Shale 2021 P1 RESERVES BREAKDOWN Other 6 Million BOE % +24% 1,080 1,073 1,143 929 19% 922 38 8% 31% 49% 56 39% Crude Oil Natural Gas NGL 2017 2018 2019 2020 2021 EVOLUTION
Slide 13: 03. Downstream
Documento: YPF-Público AGENDA 01. COMPANY OVERVIEW 02. UPSTREAM 03. DOWNSTREAM 04. LATEST FINANCIAL RESULTS Documento: YPF-Público 13
Slide 14: Nationwide Downstream Network
Documento: YPF-Público NATIONWIDE DOWNSTREAM NEWTWORK DOWNSTREAM PORTFOLIO REFINING Over 50% of Argentina’s refining capacity, operating 3 wholly-owned refineries with D A LUJÁN DE CUYO 328.1 Kbbl/d capacity (2)(3). CAPACITY: 1 ENSENADA 114 Kbbl/d High level of conversion and complexity. CAPACITY: 1
Slide 15: Leading Player in the Local Downstream Segment
Documento: YPF-Público LEADING PLAYER IN THE LOCAL DOWNSTREAM SEGMENT SALES OF REFINED PRODUCTS Diesel Gasoline Jet Fuel GASOLINE & DIESEL SALES (1) Other Local Exports KM3 Market share breakdown (%) Other 4% 17,910 18,032 17,783 18,416 6% 20.000 17,666 18.000 16.000 14,970 14% 14.000 12.000 10.000
Slide 16: 04. Latest Financial Results
Documento: YPF-Público AGENDA 01. COMPANY OVERVIEW 02. UPSTREAM 03. DOWNSTREAM 04. LATEST FINANCIAL RESULTS Documento: YPF-Público 16
Slide 17: Main Highlights 2Q 2022
Documento: YPF-Público MAIN HIGHLIGHTS 2Q 2022 PRODUCTION Adj. EBITDA (1) NET INCOME CAPEX FCF (2) NET DEBT BOE/D US$ US$ US$ US$ US$ 504k 1,500mn 798mn 932mn 310mn 5,843mn Flat Q/Q +54% Q/Q +3.2x Q/Q +25% Q/Q -21% Q/Q (US$70mn) Q/Q +9% Y/Y +38% Y/Y n.m. Y/Y +61% Y/Y Flat Y/Y (US$656mn) Y/Y (1) Adju
Slide 18: Another Quarter with Positive Free Cash Flow
Documento: YPF-Público ANOTHER QUARTER WITH POSITIVE FREE CASH FLOW, ACCUMMULATING US$2 BILLION SINCE 2Q20 CONSOLIDATED STATEMENT OF ADJUSTED CASH FLOW(1) CUMULATIVE FREE CASH FLOW Quarterly FCF In Millions of US$ In Millions of US$ 1,977 1,667 310 1,334 391 1,276 1,134 143 989 144 1,329 820 126 1,2
Slide 19: Strong Liquidity Position and Easily Manageable Short-Term Maturities
Documento: YPF-Público STRONG LIQUIDITY POSITION AND EASILY MANAGEABLE SHORT-TERM MATURITIES CONSOLIDATED PRINCIPAL DEBT AMORTIZATION SCHEDULE(1) LIQUIDITY VS NEXT 12 MONTH MATURITIES Cash & Equiv. In Millions of US$ In Millions of US$ Next 12 Maturities 3,156 Int. Bonds 1,557 1,604 Local Bonds 1,51
Slide 20: Updated Guidance 2022
Documento: YPF-Público UPDATED GUIDANCE 2022 ORIGINAL UPDATED GUIDANCE GUIDANCE CAPEX US$3.7 bn +10% TOTAL HYDROCARBON PRODUCTION +8% +1pp ADJ. EBITDA - ~US$5 bn NET LEVERAGE RATIO <= 2x <= 1.3x Documento: YPF-Público
Slide 21: Investor Center
INVESTOR CENTER