Transportadora De Gas Del Sur Sa Class B · BCBA:TGSU2
Transportadora De Gas Del Sur Sa Class B — Gas Transporter of the South — Q1 2015 Earnings Presentation
33 slides from Transportadora De Gas Del Sur Sa Class B's earnings presentation, May 28, 2015
Slide 1: Overview
Overview For the three-month period ended March 31, 2015, the Company has reported a net income of Ps. 45.0 million, in comparison to the total comprehensive loss of Ps. 77.7 million reported in the same period last year, representing a positive variation of Ps. 122.7 million. In the first quarter 2
Slide 2: Financial results and income tax expense; liquidity
This positive variation of Ps. 350.4 million is mostly attributable to the slowing depreciation of the Argentine peso during the first quarter 2015 and the lower net liability monetary position in US dollars, after the payment of the first amortization in May 2014 of the TGS’ financial debt. Additio
Slide 3: Cash variation and consolidated statements of financial position
The negative variation in cash and cash equivalent of the first quarter of 2015 amounted to Ps. 166.3 million. This variation is mainly explained by the cash flows used in operations of Ps. 75.7 million, mainly due to a decrease in the balance of trade payables. Higher cash flows used in investing a
Slide 4: Consolidated Statements of Comprehensive Income Summary
4. Consolidated Statements of Comprehensive Income Summary Summary of the consolidated statements of comprehensive income information for the three-month periods ended March 31, 2015, 2014, 2013 and 2012:
Slide 5: 5. Statistical Data (Physical Units)
5. Statistical Data (Physical Units)
Slide 6: First quarter statistical data
First quarter ended March 31, 2015 2014 2013 2012 2011 Gas Transportation ‘Average firm contracted capacity (in billions of cubic feet per day ¢ Beffd")) 2.83 2.86 2.92 2.90 2.82 Average daily deliveries (in Boff/d) 1.97 2.09 2.15 2.10 2.09 NGL production and commercializ ation + Producti Ethane (in
Slide 7: Statements of Financial Position
Ricardo I. Monge Chairman of the Board of Directors TRANSPORTADORA DE GAS DEL SUR S.A. CONDENSED INTERIM CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AS OF MARCH 31, 2015 AND DECEMBER 31, 2014 (Stated in thousands of pesos as described in Note 3)
Slide 8: Statements of Changes in Equity
Ricardo I. Monge Chairman of the Board of Directors TRANSPORTADORA DE GAS DEL SUR S.A. CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY FOR THE THREE-MONTH PERIODS ENDED MARCH 31, 2015 AND 2014 (Stated in thousands of pesos as described in Note 3)
Slide 9: Statements of Cash Flows
Ricardo I. Monge Chairman of the Board of Directors TRANSPORTADORA DE GAS DEL SUR S.A. CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE THREE-MONTH PERIODS ENDED MARCH 31, 2015 AND 2014 (Stated in thousands of pesos as described in Note 3) _____________________________________________
Slide 10: Notes to the Financial Statements: Business Description
Ricardo I. Monge Chairman of the Board of Directors TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF MARCH 31, 2015 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless otherwise stated) ____________________
Slide 11: Three-month period ended: segment information
‘Three-month period ended March 31, 2015 Production and Natural Gas © Commer cialization of Other Transportation Liquids Services Telecommumicatis Total Revenue from sales"? 215,928 83,443 55,780 10,676 965,827 70,711) (448,458) (25,709) 4.483) (49,361) ‘Administrative expenses (34,360) 7,709) @,572
Slide 12: Notes to the Financial Statements: Other receivables
TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF MARCH 31, 2015 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless otherwise stated) ________________________________________________________________________
Slide 13: Other receivables by currency
The breakdown of other receivables based on its currency of origin is the following:
Slide 14: Trade receivables by currency
The breakdown of trade receivables based on its currency of origin is the following:
Slide 15: Allowance movements
Balances as of December 31, 2013 4121 Additions Applications - Decreases - Balances as of March 31, 2014 4,121 ‘Additions : Applications (2,525) Decreases © 207) Balances as of December 31, 2014 1,389, Additions : Applications - Decreases - Balances as of March 31, 2015 1,389, © Included in Selling
Slide 16: Advances from customers
Advances from customers are denominated in pesos. TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF MARCH 31, 2015 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless otherwise stated) ______________________
Slide 17: Other payables
Other payables are denominated in pesos. f) Taxes payables
Slide 18: Taxes payables
Taxes payables are denominated in pesos. g) Trade payables
Slide 19: Notes to the Financial Statements: Net financial results
TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF MARCH 31, 2015 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless otherwise stated) j) Net financial results
Slide 20: Financial income and expenses
2015 2014 Financial income Interest income 31,535 87,056 Farr value gains on financial instruments through profit or loss 8649 2174 Foreign exhange gain 25,698 166,953 Subtotal 5878 256,183 Financial expenses Interest expense (8%) 7,285) Foreign exchange loss (5,88) 678,553) Derivative financial ins
Slide 21: Telcosur dividends; share of profit from associates
On May 16, 2014, according to resolutions of the Ordinary Shareholders Meeting of Telcosur, payment of cash dividends to TGS was Ps. 10,151. 11. SHARE OF PROFIT / (LOSS) FROM ASSOCIATES
Slide 22: Loans
TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF MARCH 31, 2015 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless otherwise stated) 13. LOANS Short-term and long-term loans as of March 31, 2015 and Decemb
Slide 23: Loans by currency of origin
The breakdown of loans based on its currency of origin is the following:
Slide 24: Loan maturities
The maturities of the current and non-current loans as of March 31, 2015 are as follows:
Slide 25: Income tax and deferred tax
TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF MARCH 31, 2015 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless otherwise stated) 14. INCOME TAX AND DEFERRED TAX As of the date of the issuance of these
Slide 26: Financial instruments by category and hierarchy
TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF MARCH 31, 2015 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless otherwise stated) 16. FINANCIAL INSTRUMENTS BY CATEGORY AND HIERARCHY 16.1 Financial instr
Slide 27: Notes to the Financial Statements
TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF MARCH 31, 2015 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless otherwise stated)
Slide 28: Fair value measurement hierarchy and estimates
16.2 Fair value measurement hierarchy and estimates According to IFRS 13, the fair value hierarchy introduces three levels of inputs based on the lowest level of input significant to the overall fair value. These levels are: · Level 1: includes financial assets and liabilities whose fair values
Slide 29: Carrying amount and fair value of financial instruments
The carrying amount of the financial assets and liabilities is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. As of March 31, 2015 and December 31, 2014, the carrying amount of certain f
Slide 30: Key management compensation; related party balances
Key management compensation The accrued amounts corresponding to the compensation of the members of the Board of Directors, the Statutory Committee and the Executive Committee for the three-month periods ended March 31, 2015 and 2014 were Ps. 9,593 and Ps. 7,769, respectively. Balances and transacti
Slide 31: Related party transactions
TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF MARCH 31, 2015 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless otherwise stated) The detail of significant transactions with related parties for the thre
Slide 32: Three-month period ended March 31, 2014
Three-month period ended March 31, 2014:
Slide 33: Subsidiary and Associates
SUBSIDIARY AND ASSOCIATES Link: Link was created in February 2001, with the purpose of the operation of a natural gas transportation system, which links TGS’s natural gas transportation system with the Cruz del Sur S.A. pipeline. The connection pipeline extends from Buchanan, located in the high-pre
Gas Transporter of the South — Q1 2015 Earnings Presentation on 6ix