Vista Energy Sab De Cv Class A · BMV:VISTA/A
Vista Energy Sab De Cv Class A — Vista Oil & Gas, S.A.B. de C.V. — Q2 2020 Earnings Presentation
13 slides from Vista Energy Sab De Cv Class A's earnings presentation, Jul 29, 2020
Slide 1: Second quarter 2020 Earnings webcast
Second quarter 2020 Earnings webcast July 29, 2020
Slide 2: About projections and forward-looking statements
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.co
Slide 3: Q2 2020 key metrics and highlights
Q2 2020 key metrics and highlights Consolidated figures of Vista Oil & Gas S.A.B. de C.V. Structural opex and capex cost reductions prepared our organization to thrive in a lower oil price environment 23.8 Mboe/d 10 $MM Successfully implemented COVID-19 business continuity plan, ensuring employee he
Slide 4: Production: Contained drop by re-opening Vaca Muerta wells earlier than expected
Production Contained drop by re-opening Vaca Muerta wells earlier than expected Total production(1) Monthly breakdown Oil production Natural gas production Q2 production highlights Shale oil wells in Bajada del Palo Oeste reopened progressively between May 26 and May 31, as demand from international
Slide 5: Revenues and pricing: Shifted sales to export markets
Revenues and pricing Shifted sales to export markets Revenues Q2 2019 Q1 2020 Q2 2020 Shifted oil sales to export market (70% of Q2) as international demand recovered Successfully offloaded 100% of Q2 production and storage, capturing higher realization prices in May & June Re-opened 100% of shut-in
Slide 6: Opex: Cost-cutting initiatives offset lower production
Opex Cost-cutting initiatives offset lower production Total Opex Opex per boe $MM $/boe Successful renegotiation of gas compression, production treatment, field maintenance and logistics contracts to adjust to current scenario Reduced activity to minimum necessary levels
Slide 7: Adjusted EBITDA
Adjusted EBITDA Focus on cost cutting key to delivering positive Adjusted EBITDA Adj. EBITDA(1) Realized price YTD $MM $/bbl Adjusted EBITDA margin was 20% for the quarter Key business drivers already start to show recovery in June Production YTD Mboe/d Revenues YTD $MM Lifting cost YTD $/boe (1) Ad
Slide 8: Financial overview: Cash flow positive in a very challenging quarter
Financial overview Cash flow positive in a very challenging quarter Q2 2020 cash flow Highlights Positive cash flow from operations in a low price and production environment Investing activities reflect payments of Q1 2020 capex activity, prior to stopping drilling and completion In July, refinanced
Slide 9: Vaca Muerta development: Reopened all shale oil wells
Vaca Muerta development Reopened all shale oil wells in light of crude oil demand recovery Pad 1 & Pad 2 production Pad 3 production Shale oil wells were shut-in on March 20, ahead of global demand reduction, in order to protect conventional assets All wells reopened from May 26 to May 30, with flus
Slide 10: Vaca Muerta development: Vista type curve for new well design
Vaca Muerta development Vista type curve for new well design Bajada del Palo Oeste updated type curve(1) New well design 2,800 meters lateral length 60 meter frac spacing, resulting in 47 stages Type curve EUR Mboe (1) Average cumulative production of the pad normalized to 47 frac stages; Showing on
Slide 11: Vaca Muerta development: expected D&C cost per well
Vaca Muerta development Vista type curve for new well design Expected D&C cost per well $MM Expected Development cost(1) New well design 2,800 meters lateral length 60 meters frac spacing, resulting in 47 stages Cost savings drivers Reduction of drilling rates Tubulars cost reduction Optimization of
Slide 12: Closing remarks
Closing remarks Demand and price recovered earlier than expected, allowing Vista to sell entire Q2 production and re-open Vaca Muerta wells Implemented cost efficiency measures, driving lifting cost down to 8.6 $/boe, even at lower production levels Cash flow positive in a very tough quarter Success
Slide 13: THANKS! Q&A
. THANKS! #¥® Q&A K
Vista Oil & Gas, S.A.B. de C.V. — Q2 2020 Earnings Presentation on 6ix