Vista Energy Sab De Cv Class A · BMV:VISTA/A

Vista Energy Sab De Cv Class A — Q1 2021 Earnings Presentation

14 slides from Vista Energy Sab De Cv Class A's earnings presentation, Apr 28, 2021

  1. Slide 1: First Quarter 2021 Earnings Webcast

    First Quarter 2021 Earnings Webcast April 28, 2021

  2. Slide 2: About projections and forward-looking statements

    2 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.

  3. Slide 3: Q1 2021 key metrics and highlights

    Q1 2021 key metrics and highlights 3 Strong y-o-y performance in line with 2021 guidance 34.1 Mboe/d 26.4 Mbbl/d 116 $MM 7.5 $/boe +29% y-o-y +56% y-o-y +58% y-o-y (24)% y-o-y Production (1) Oil Production Revenue Lifting Cost 58 $MM 78 $MM 163 $MM 386 $MM +131% y-o-y +9% y-o-y Adj. EBITDA (2) CAPEX

  4. Slide 4: Production

    Production 4 Growth driven by activity ramp-up: 12 new wells tied-in in Bajada del Palo Oeste since Q3-20 TOTAL PRODUCTION (1) OIL PRODUCTION NATURAL GAS PRODUCTION Mboe/d Mbbl/d MMm3/d +29% +56% (19)% +11% 34.1 +15% 26.4 1.41 30.6 23.1 +2% 1.12 1.14 26.5 17.0 Q1-20 Q4-20 Q1-21 Q1-20 Q4-20 Q1-21 Q1-

  5. Slide 5: Revenues and pricing

    Revenues and pricing 5 Strong y-o-y improvement driven by increase in oil production and higher realized oil prices REVENUES AVERAGE CRUDE OIL PRICE AVERAGE NATURAL GAS PRICE $MM $/bbl $/MMBtu +58% +6% (9)% +46% 115.9 +13% 45.5 2.2 43.0 +25% 2.0 40.1 79.5 1.6 73.3 Q1-20 Q4-20 Q1-21 Q1-20 Q4-20 Q1-21

  6. Slide 6: Lifting Cost

    Lifting Cost 6 Already below 8 $/boe, in line with 2021 guidance LIFTING COST (1) LIFTING COST PER BOE $MM $/boe (3)% (24)% +2% 23.8 9.9 (6)% 22.6 23.1 8.0 7.5 34.1 30.6 26.5 Q1-20 Q4-20 Q1-21 Q1-20 Q4-20 Q1-21 Lifting cost per boe Total production (Mboe/d) ▪ Production growth in Bajada del Palo Oes

  7. Slide 7: Adjusted EBITDA

    Adjusted EBITDA 7 Solid Adj. EBITDA margin improvement driven by cost efficiency and pricing ADJ. EBITDA (1) ADJ. EBITDA MARGIN NETBACK (2) $MM +131% % $/boe +16pp +81% +62% 58.3 +5p.p. 50% +50% 19.0 45% 34% 12.7 35.9 10.5 25.3 45.5 43.0 37.8 40.1 30.4 28.2 Q1-20 Q4-20 Q1-21 Q1-20 Q4-20 Q1-21 Q1-20

  8. Slide 8: Financial overview

    Financial overview 8 Strong cash flow from operations and successful liability management to extend debt maturities Q1 2021 CASH FLOW EVOLUTION (1) HIGHLIGHTS $MM ▪ Strong cash flow from operations, which increased 35% q-o-q and 74% y-o-y ▪ Cash flow from investing activities was 80.0 $MM, in line w

  9. Slide 9: Bajada del Palo Oeste development

    Bajada del Palo Oeste development 9 Continued improvement in well cost drives development cost close to 7 $/boe D&C COST PER WELL (1) CUMMULATIVE PRODUCTION PER WELL (1) $MM Mboe Vista Type Curve (2) Vista Average Well (3) (45)% 17.4 +15% 15.9 14.3 418 11.4 365 10.9 +22% 9.9 9.5 275 224 Pad #1 #2 #3

  10. Slide 10: Developing our business in a sustainable way

    Developing our business in a sustainable way 10 Published inaugural 2020 report ▪ Aligned with Global Reporting Initiative (GRI) as the primary disclosure for comprehensive coverage of ESG factors and Sustainability Accounting Standards Focusing our sustainable development to Board (SASB) for indust

  11. Slide 11: Select key ESG achievements

    Select key ESG achievements 11 Embedded sustainability in our business strategy ENVIROMENTAL PERFORMANCE SOCIAL PERFORMANCE GHG 99% 50% 100% emissions inventory completed for of total hydrocarbon production of 2020 new hires were women reworked safety standards 2019 and 2020, with a total of transfe

  12. Slide 12: On track to deliver on 2021 guidance

    On track to deliver on 2021 guidance 12 2021 guidance YTD progress Shale oil wells 16 wells P • 8 wells already tied-in and performing in line with type curve tied-in • 4 additional wells already drilled and waiting for completion Production 37.0 - 38.0 P • Steady sequential growth in line with guid

  13. Slide 13: Closing remarks

    Closing remarks Solid recovery of Adjusted EBITDA, with margins of 50% at a realized oil price of 45 ee Ee, — Bajada del Palo continues to show D&C cost “al reduction and solid well productivity, driving expected development cost down to ~7 $/boe Strong cash flow from operations and successful liabi

  14. Slide 14: THANKS! Q&A

    Tt ae THANKS! Q&A

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