Transportadora De Gas Del Sur Sa Class B · BCBA:TGSU2
Transportadora De Gas Del Sur Sa Class B — Investor Presentation (October 2025)
22 slides from Transportadora De Gas Del Sur Sa Class B's investor presentation, October 2025
Slide 1: Investor Presentation October 2025
Investor Presentation October 2025 Transportadora de Gas del Sur S.A.
Slide 2: Shareholders and Management
Investor Presentation Shareholders and Management October 2025 Ownership structure Strong sponsorship from shareholders • Pampa Energía is a leading energy company with upstream O&G production Argentine providing experienced support. Pension Fund • Sielecki group is a large player in the 25.33% petr
Slide 3: tgs is the backbone of the booming natural gas industry in Argentina
tgs is the backbone of the booming natural gas Investor Presentation October 2025 industry in Argentina Production Midstream - Collection - Treatment - Compression Services - Pipelines - Integrity Transportation - Engineering and Services - Operation and Maintenance - Special Services - Telecommunic
Slide 4: tgs at a Glance
Investor Presentation tgs at a Glance October 2025 Natural Gas Liquids Midstream and Transportation Other Services 1º 2º Vaca Muerta The Largest Gas Pipeline Natural Gas Shale Gas Transportation in Latin America Processor (182 km and 60 MMm3/d) VM Midstream and Conditioning (28 MMm3/d) Infrastructur
Slide 5: The Argentine natural gas industry
Investor Presentation The Argentine natural gas industry October 2025 Others 7% 3% Coal 1% Natural gas 24% Nuclear energy 3% 53% 8% Hydroelectricity 4% LTM* ARGENTINE 9% NATURAL GAS Renewables 7% ENERGY MATRIX PRODUCTION 2024 BY PRODUCERS (141 MMm3/D) 13% 23% Oil 32% 13% Source: Federal Energy Burea
Slide 6: tgs is the largest gas transportation company in Latin America
tgs is the largest gas transportation company in Latin America Investor Presentation October 2025 NATURAL GAS TRANSPORTATION REVENUES AND EBITDA (US$MM) FIRM AVERAGE CONTRACTED CAPACITY AND DELIVERIES (MMm3/d) Firm Average Contracted Capacity Deliveries 520 83.5 86.4 Revenues 410 81.7 82.6 82.5 82.6
Slide 7: Natural gas transportation tariff status
Investor Presentation Natural gas transportation tariff status October 2025 MATERIAL UPSIDE WITH HIGH TARIFF INCREASE IN 2024 AND POSITIVE 5 YEAR TARIFF REVISION April 2019 December 2019 December 2023 April 2024 April 2025 26% Tariff Emergency law and Emergency of the national Tariff 5YTR increase d
Slide 8: Transportation Capacity Expansion Project Proposal
Investor Presentation 14 MMm /d Transportation Capacity Expansion Project Proposal 3 October 2025 • To maximize tgs’ midstream business in Vaca Muerta. La Carlota – Tío Pujio Conditioning 120 km | 36" Norte • To replace more expensive LNG and Plant – Tratayén Pipeline - TGN diesel imports. Centro Oe
Slide 9: Our assets in Bahía Blanca
Investor Presentation Our assets in Bahía Blanca October 2025 CERRI COMPLEX (Production) 15 km GALVAN PLANT (Storage and Dispatching) 9
Slide 10: tgs is one of the largest producers of liquids in Argentina
tgs is one of the largest producers of liquids in Argentina Investor Presentation October 2025 LIQUIDS REVENUES AND EBITDA (US$MM) LIQUIDS PRODUCTION EVOLUTION (´000 MT) Ethane LPG Raw Gasoline 587 1,168 1,120 1,123 1,133 1,063 125 1,052 494 501 488 1,023 113 128 124 222 122 108 915 Revenues 441 443
Slide 11: The vision was to expand conditioning, keeping pace with the development of VM
The vision was to expand conditioning, keeping pace with the development of VM SA) Amarillo SA) la Salina Sur Paso Bardas (YPF SA) Molina Norte El Churqui El Porton (YPF SA) Norte (YPF SA) Investor Presentation October 2025 (Total Austral SA) (YPF SA) (YPF SA) Fondo de la Legua/Block I Chachahuen Ch
Slide 12: Midstream service provider in Vaca Muerta
Investor Presentation 1 Midstream service provider in Vaca Muerta st October 2025 DAILY AVERAGE VOLUMES TRANSPORTED AND MIDSTREAM AND OTHER SERVICES REVENUES AND EBITDA (MMm /d) 3 CONDITIONED IN VACA MUERTA (MMm3/d) Deliveries Conditioned 225 23.4 197 20.7 169 16.9 149 19.2 133 114 111 66% 68% 15.1
Slide 13: Tratayén conditioning plant
Investor Presentation Tratayén conditioning plant October 2025 2021 2023 2024 Expansion Mod. 1 Modules 2 and 3 Modules 4 and 5 2019 2.4MMm3/d 7.0 MMm3/d 13.2 MMm3/d Module 1 5.4 MMm3/d US$ 16 MM US$ 32 MM US$ 350 MM Total capacity: Total capacity: Total capacity: 7.8 MMm3/d 14.8 MMm3/d 28 MMm3/d 13.
Slide 14: NGL project under evaluation
Investor Presentation NGL project under evaluation October 2025 • Natural gas processing plant (40 MMm3/d and 2.8 MM MT annual production of LPG and raw gasoline) in Tratayén. • Poliduct from Tratayén to Bahía Blanca. • Fractionation, storage and dispatching plants in Bahía Blanca. • 100% for export
Slide 15: NGL project under evaluation
Investor Presentation NGL project under evaluation October 2025 TRATAYÉN BAHÍA BLANCA Neuquén 1 2 3 4 5 Buenos Aires GATHERING PROCESSING LIQUID FRACTIONATION TERMINAL NETWORK TRANSPORTATION Actual VACA MUERTA PLANTA ACTUAL SYSTEM TRATAYÉN 60 MM m3/d 13.2 MM m3/d 3 4 5 1 2 MULTIPRODUCT PIPELINE 24”
Slide 16: Solid financial performance
Investor Presentation Solid financial performance October 2025 Revenue evolution EBITDA and EBITDA margin evolution US$mm US$mm 48% 49% 54% 49% 43% 54% 55% 39% 1,188 1,089 904 822 926 855 676 781 586 649 437 401 368 385 402 336 2018 2019 2020 2021 2022 2023 2024 LTM* 2018 2019 2020 2021 2022 2023 20
Slide 17: tgs' financial situation
Investor Presentation tgs’ financial situation October 2025 • Strong cash generation. Debt profile US$mm • High level of cash and financial investments: US$ 561 MM as 490 of 06/30/2025. • Diversified revenues with dollar based contracts in the non regulated business. • Low level of debt, creating a
Slide 18: Financial highlights
Investor Presentation Financial highlights October 2025 1st SEMESTERS YEARS US$ MM1 2025 2024 2024 2023 2022 Net revenues 591 492 1,089 855 926 Natural Gas Transportation 267 151 404 185 225 Liquids 205 249 488 501 587 Midstream and Other Services 120 92 197 169 114 EBITDA 325 262 586 334 402 Net fi
Slide 19: Commitment to Sustainable Development Goals (SDGs)
Commitment to Sustainable Development Goals (SDGs) Investor Presentation October 2025 Priority objectives for tgs ENVIRONMENTAL SOCIAL GOVERNANCE 19
Slide 20: ESG Strategic Plan
Investor Presentation ESG Strategic Plan October 2025 Promote Reduce renewable Manage with GHG energy and Ethical Values, emissions improve Transparency, energy and Anti- efficiency Corruption Prevent Soil and Promote Groundwater Sustainable Contamination by Development Hydrocarbons of the Value Pre
Slide 21: Investor Presentation
For additional The material that follows is a presentation of general of various factors. These risks and uncertainties include, background information about Transportadora de Gas but are not limited to, changing business, regulatory, del Sur S.A. (“TGS” or the “Company”) as of the date of political
Slide 22: Thank you for joining us! Q&A
Thank you for joining us! Q&A tgse
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