Vista Energy Sab De Cv Class A · BMV:VISTA/A
Vista Energy Sab De Cv Class A — Q3 2023 Earnings Presentation
11 slides from Vista Energy Sab De Cv Class A's earnings presentation, Oct 23, 2023
Slide 1: Third Quarter 2023 Earnings Webcast
Third Quarter 2023 Earnings Webcast October 25, 2023
Slide 2: About projections and forward-looking statements
02 About projections and forward-looking statements Additional information about Vista Energy, 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: Strong sequential growth in key metrics
03 Strong sequential growth in key metrics Q3 2023 HIGHLIGHTS Production (1) Oil Production Revenues Lifting Cost (2) Free Cash Flow (3) 49.5 Mboe/d 41.5 Mbbl/d 290 $MM 4.8 $/boe (43) $MM (2)% y-o-y (1)% y-o-y (13)% y-o-y (35)% y-o-y 6% q-o-q 6% q-o-q 25% q-o-q 0% q-o-q Adj. EBITDA (4) Adj. Net Inco
Slide 4: Double-digit interannual production growth on a pro forma basis
04 Double-digit interannual production growth on a pro forma basis (1) TOTAL PRODUCTION (2) OIL PRODUCTION NATURAL GAS PRODUCTION Mboe/d +12% Mbbl/d MMm3/d +12% +13% +6% +6% +13% 50.7 49.5 46.6 1.32 41.9 39.2 41.5 1.22 1.08 44.3 37.1 1.08 Q3-22 Q2-23 Q3-23 Q3-22 Q2-23 Q3-23 Q3-22 Q2-23 Q3-23 Product
Slide 5: Accelerated well tie-ins and expanded midstream capacity
05 Accelerated well tie-ins and expanded midstream capacity DEVELOPMENT HUB PROGRESS 2023 PRODUCTION AND TIE-INS Mboe/d Tie-ins 5 3 12 11 (# of wells) 60.0 52.2 49.5 46.6 Q1-23A Q2-23A Q3-23A Q4-23E Pads tied-in to date Pads to be tied-in before YE TREATMENT AND TRANSPORTATION CAPACITY EXPANSION PAD
Slide 6: Oil export volumes and prices drive sequential revenue growth
06 Oil export volumes and prices drive sequential revenue growth REVENUES AVERAGE CRUDE OIL PRICE AVERAGE NATURAL GAS PRICE $MM 1.9 1.6 2.2 $/bbl $/MMBtu (12)% (24)% (13)% 333.6 +25% +5% 76.6 289.7 67.6 4.4 64.3 3.9 231.0 3.3 53% 49% 57% Q3-22 Q2-23 Q3-23 Q3-22 Q2-23 Q3-23 Q3-22 Q2-23 Q3-23 Total re
Slide 7: Strong cost reduction driven by focus on shale operations
07 Strong cost reduction driven by focus on shale operations LIFTING COST (1) LIFTING COST PER BOE (1)(2) $MM $/boe (37)% (35)% 7.5 34.8 4.8 4.8 21.9 20.3 50.7 46.6 49.6 Q3-22 Q2-23 Q3-23 Q3-22 Q2-23 Q3-23 Lifting cost per boe Total production (Mboe/d) ▪ Consolidated lifting cost per boe below 5 $/b
Slide 8: Strong sequential expansion of margins
08 Strong sequential expansion of margins ADJ. EBITDA (1) ADJ. EBITDA MARGIN NETBACK (2) $MM % $/boe (3)% +8 p.p. (1)% +49% +12 p.p. 233.7 78% +39% 226.4 70% 50.1 49.8 66% 151.8 35.8 76.6 64.3 67.6 Q3-22 Q2-23 Q3-23 Q3-22 Q2-23 Q3-23 Q3-22 Q2-23 Q3-23 Adj. EBITDA margin Realized crude oil price ($/b
Slide 9: Accelerating capex in preparation for planned 2024 production ramp-up
09 Accelerating capex in preparation for planned 2024 production ramp-up 9 Q3 2023 CASH FLOW EVOLUTION (1) CAPEX $MM $MM 179 181 163 Beginning of period Operating activities Investing activities Financing activities End of period Q3-22 Q2-23 Q3-23 cash position cash flow cash flow cash flow (2) cash
Slide 10: Closing remarks
10 Closing remarks On track to deliver 31 tie-ins for the year Activity ramp-up leaves us well poised to achieve our 70 Mboe/d production target in 2024 Solid progress in oil treatment and transportation expansion projects Strong financial metrics evidenced by Adj. EPS of 1.3 $/sh and 78% Adj. EBITD
Slide 11: THANKS! Q&A
THANKS! Q&A
Vista Energy S.A.B. de C.V. — Q3 2023 Earnings Presentation on 6ix