Vista Energy Sab De Cv Class A · BMV:VISTA/A
Vista Energy Sab De Cv Class A — Q1 2022 Earnings Presentation
12 slides from Vista Energy Sab De Cv Class A's earnings presentation, Apr 28, 2022
Slide 1: First Quarter 2022 Earnings Webcast
First Quarter 2022 Earnings Webcast April 28, 2022
Slide 2: About projections and forward-looking statements
02 About projections and forward-looking statements Additional information about Vista Oil & Gas, S.A.B. de C.V., a sociedad anónima bursátil de capital variable organized under the laws of Mexico (the “Company” or “Vista”) can be found in the “Investors” section on the website at www.vistaoilandgas
Slide 3: Robust performance across all key operational and financial metrics
03 Robust performance across all key operational and financial metrics Q1 2022 highlights: 43.9 Mboe/d 127.1 $MM +29% y-o-y +118% y-o-y Production (1) Adj. EBITDA (3) 35.6 Mbbl/d 80.6 $MM +35% y-o-y +3% y-o-y Oil Production CAPEX (4) 207.9 $MM 33.0 $MM +79% y-o-y Revenues Free Cash Flow (5) 7.8 $/bo
Slide 4: Bajada del Palo Oeste continues to drive production growth
04 Bajada del Palo Oeste continues to drive production growth TOTAL PRODUCTION (1) OIL PRODUCTION NATURAL GAS PRODUCTION Mboe/d Mbbl/d MMm3/d +29% +35% +9% +7% (4)% +10% 43.9 35.6 41.1 32.4 1.29 1.24 34.1 1.14 26.4 Q1-21 Q4-21 Q1-22 Q1-21 Q4-21 Q1-22 Q1-21 Q4-21 Q1-22 ▪ Strong performance of 4-well
Slide 5: Successful results in first wells drilled in Bajada del Palo Este
05 Successful results in first 2 wells drilled in Bajada del Palo Este 30 25 ▪ Pads tied-in BPO to date 35 Bajada del ▪ Pads tied-in BPE to date Palo Este ▪ Pads to be tied-in in BPO in 2022 5 15 Bajada del ▪ Pads to be tied-in in BPE in 2022 (Tentative locations) Palo Oeste 40 11 12 Wells BPE-2101h
Slide 6: Strong y-o-y revenue growth, driven by both volume and prices
06 Strong y-o-y revenue growth, driven by both volume and prices REVENUES AVERAGE CRUDE OIL PRICE AVERAGE NATURAL GAS PRICE $MM $/bbl $/MMBtu +79% +41% +48% +6% +6% +11% 207.9 196.0 64.1 60.6 3.0 2.7 45.5 115.9 2.0 Q1-21 Q4-21 Q1-22 Q1-21 Q4-21 Q1-22 Q1-21 Q4-21 Q1-22 ▪ Strong increase y-o-y, driven
Slide 7: Lifting cost performance in line with guidance
07 Lifting cost performance in line with guidance LIFTING COST (1) LIFTING COST PER BOE (1) $MM $/boe +33% +3% 30.3 30.8 8.0 7.8 7.5 23.1 43.9 41.1 34.1 (2) (2) Q1-21 Q4-21 Q1-22 Q1-21 Q4-21 Q1-22 Lifting cost per boe Total production (Mboe/d) ▪ Incremental production from Bajada del Palo Oeste cont
Slide 8: More than doubled Adjusted EBITDA y-o-y
08 More than doubled Adjusted EBITDA y-o-y ADJ. EBITDA (1) ADJ. EBITDA MARGIN NETBACK (2) $MM % $/boe +118% +11p.p. +69% +9% +4% +2p.p 127.1 30.8 32.2 116.5 59% 61% 50% 19.0 64.1 58.3 60.6 51.9 52.6 37.8 45.5 Q1-21 Q4-21 Q1-22 Q1-21 Q4-21 Q1-22 Q1-21 Q4-21 Q1-22 Adj. EBITDA margin Realized crude oil
Slide 9: Free cash flow generation with gross debt reduction
09 Free cash flow generation with gross debt reduction 9 Q1 2022 CASH FLOW EVOLUTION (1) FREE CASH FLOW (3) $MM $MM 62.8 79.9 33.0 payment to 90.0 Wintershall (43.4) Q1-21 Q4-21 Q1-22 Beginning of period Operating activities Investing activities Financing activities End of period cash position cash
Slide 10: On track to deliver results ahead of 2022 guidance
10 On track to deliver results ahead of 2022 guidance (1) 10 SHALE OIL WELLS P PRODUCTION P LIFTING COST (2) P 24 wells 46.0 – 47.0 7.5 tied-in Mboe/d $/boe ▪ 2 wells already tied-in in BPE, in ▪ Total production was 43.9 Mboe/d ▪ Lifting cost was 7.8 $/boe in Q1-22, line with plan in Q1-22, in line
Slide 11: Closing remarks
Closing remarks Timely executing our decarbonization projects to achieve our sustainability goals Solid performance in Bajada del Palo Oeste, with exciting results in de-risking Bajada del Palo Este Robust bottom-line performance, with further | Vista upside driven by higher realization oil prices I
Slide 12: THANKS! Q&A
THANKS! Q&A 12