Pampa Energia Sa · BCBA:PAMP

Pampa Energia Sa — Q3 2023 Earnings Presentation

12 slides from Pampa Energia Sa's earnings presentation, September 2023

  1. Slide 1: Q3 2023 results videoconference

    Q3 2023 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 po

  3. Slide 3: Q3 2023's key takeaways - consolidated figures, in US$ million

    Q3 2023’s key takeaways - consolidated figures, in US$ million Q3 23’s main highlights Consolidated adjusted EBITDA1 ✓ 16.4 mcmpd 44% yoy 246 244 -1% yoy 43% shale vs. 3% in Q3 22 222 +10% qoq  ✓  5 TWh 32% yoy  Contribution of PEPE IV, PEA & CTEB  40% 38% 41% ✓ ✓ ✓ <1x net debt-to-EBITDA Q3 2

  4. Slide 4: Power generation: PPAs & CCGTs make this segment a resilient business

    Power generation PPAs & CCGTs make this segment a resilient business Adjusted EBITDA1, in US$ million Generation performance, in GWh +32% yoy 98 91 +2% yoy 5,218 4,985 89 -7% qoq -4% qoq ✓ 3,767 ✓ ✓ ✓ 51% 52% 50% ✓ ✓       Q3 23 Q3 23 Availability performance, in % to installed capacity ✓ ✓ 

  5. Slide 5: Growing our green energy contribution: PEPE VI project on track

    Growing our green energy contribution PEPE VI project undergoing on track PEPE VI 300 MW total expansion 140 MW by 2H2024 US$269 million 44% Pampa Energía ⚫ 5

  6. Slide 6: Oil and gas: New peak production record amid delays and a mild winter

    Oil and gas New peak production record amid delays and a mild winter Adjusted EBITDA, in US$ million Lifting cost, in US$ million +12% yoy 132 +35% qoq 117 42 +9% yoy 97 40 +5% qoq ✓ 38    54% 48% 56%  6.1 6.5 ✓  5.6 ✓  Q3 23 Q3 23 Production performance, in kboe/d Crude oil sales, in kbbl/d 6

  7. Slide 7: Oil and gas: New peak production record amid delays and a mild winter

    Oil and gas New peak production record amid delays and a mild winter Gas sales, in mcmpd Weighted avg gas price for Pampa, in US$/MBTU +20% yoy 4.7 4.8 2023 YTD = 4.5 12.9 +22% qoq 4.7 10.8 10.6 4.0 4.4 3.9 2022 = 4.2  ✓ 2021 = 3.6 ✓ Q3 23 Q3 Destination of our sales in Q3 Pampa Pampa Energía ⚫ 7

  8. Slide 8: Oil and gas: Warm spring and highest hydro in 15 years is impacting Q4

    Oil and gas Warm spring and highest hydro in 15 years is impacting Q4 gas production In mcmpd Domestic production 15.7 15.7 12.6 12.6 12.6 10.9 Gas exports 1.5 1.5 1.5 0.9 0.9 0.9 Note: During off-peak season, exports are considered domestic deliveries and committed Pampa Energía ⚫ 8 production is r

  9. Slide 9: Petrochemicals: Lower prices but higher sales in good margin products

    Petrochemicals Lower prices but higher sales in good margin products Adj. EBITDA, in US$ million Sales performance, in thousand ton 1,283 19 -16% yoy 120 16 +60% qoq 106 102 -3% yoy -14% qoq  10   ✓ ✓ 11% 12% 8% ✓ Q3 23 Q3 23 Q3 23 sales volume breakdown by market 42% % 58% Pampa Energía ⚫ 9

  10. Slide 10: Q3 financial position

    Q3 23 financial position Key cash flow figures for the Restricted Group, US$ million Q3 23 FCF = US$(90) million +US$279m yoy -US$71m yoy, +US$1m qoq +US$92m qoq Pampa Energía ⚫ 10

  11. Slide 11: Strong balance sheet: Remarkable operating performance keeps improving leverage ratios

    Strong balance sheet Remarkable operating performance keeps improving leverage ratios Key leverage figures, as of September 30, 20231, US$ million Consolidated with Parent Company Affiliates at O/S3 affiliates at O/S Debt 2 1,641 309 1,950 After Q3 2023: Cash 964 162 1,126 • • Net debt 677 148 824 L

  12. Slide 12: pampaenergia.com - (in) (f) © “ energia

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

Pampa Energía — Q3 2023 Earnings Presentation on 6ix