Pampa Energia Sa · BCBA:PAMP

Pampa Energia Sa — Q1 2023 Earnings Presentation

16 slides from Pampa Energia Sa's earnings presentation, March 2023

  1. Slide 1: Q1 2023 results videoconference

    Q1 2023 results videoconference

  2. Slide 2: Disclaimer

    Disclaimer The material that follows is a presentation of general background information about Pampa Energia S.A.(“"Pampa” or the “Company”) as of the date of the presentation. It is information in summary form and does not purport to be complete. It is not intended to be relied upon as advice to po

  3. Slide 3: Q1 2023's key takeaways - consolidated figures

    Q1 2023’s key takeaways - consolidated figures, in US$ million Revenues1 Consolidated adjusted EBITDA1 similar yoy -8% yoy 528 526 527 similar qoq 225 +12% qoq 206  183       ✓ ✓ 42% 39% ✓ ✓ 35% ✓ ✓ ✓ Q1 23 Q1 23 Capex1 Consolidated adjusted EBITDA breakdown1,2 +114% yoy 45% 207 +30% qoq 5% 1

  4. Slide 4: Power generation: PPAs still make this segment a resilient business

    Power generation PPAs still make this segment a resilient business Adjusted EBITDA1, in US$ million Generation performance, in GWh +18% yoy -11% yoy 5,760 +11% qoq 121 +26% qoq 4,892 5,175 108 ✓ 86  ✓  ✓ 63% 59% 51%  ✓  ✓  ✓  Q1 23 Q1 23 Availability performance, in % to installed capacity ✓ 9

  5. Slide 5: Growing our green energy contribution

    Growing our green energy contribution New wind farms underway, posing Pampa a leading renewable energy provider PEPE IV 81 MW expansion – 54 MW online PEPE VI Q2 2023 300 MW total expansion US$128 million 139.5 MW by 2H2024 91% US$265 million Pampa Energía ⚫ 5

  6. Slide 6: Oil and gas: Attractive gas export prices offset soft retail demand

    Oil and gas Attractive gas export prices offset the soft retail demand Adjusted EBITDA, in US$ million Lifting cost, in US$ million 72 +10% yoy 62 40 37 +45% yoy 56 -14% qoq -6% qoq ✓ 26  ✓  7.0 7.1 ✓ 40% 45%  5.8 39%  Q1 23 Q1 23 Production performance, in kboe/d Crude oil sales, in kbbl/d 66.9

  7. Slide 7: Oil and gas: Preparing to ramp-up gas production for winter season

    Oil and gas Preparing to ramp-up the gas production for winter season Pampa's gas production El Mangrullo Sierra Chata In mcmpd 10.5 3.4 9.5 6.9 6.1 5.7 8.9 8.9 1.2 0.7 0.6 Q1 Q2 Q3 Q4 2023 In thousand m3 per day Average production per horizontal well SIERRA CHATA 3 wells Fortín de Piedra EL MANGRUL

  8. Slide 8: Oil and gas: Preparing to ramp-up gas production for winter season

    Oil and gas Preparing to ramp-up the gas production for winter season Gas sales, in mcmpd Weighted avg gas price for Pampa, in US$/MBTU 2023 = 4.4 4.8 similar yoy 4.0 3.9 9.0 9.4 9.0 -4% qoq 2022 = 4.2 2021 = 3.6 ✓ ✓   Q4 Q1 23 Destination of our sales in Q1 Pampa Pampa Energía ⚫ 8

  9. Slide 9: Petrochemicals: Reforming & styrene led the quarter

    Petrochemicals Reforming & styrene led the quarter Adj. EBITDA, in US$ million Sales performance, in thousand ton 1,219 15 120 +13% yoy 103 +16% yoy 91 -14% qoq -54% qoq ✓ 6 7 ✓ ✓ 5% 10% 6% ✓    Q1 23 Q1 23 Q1 23 sales volume breakdown by market 39% % 61% Pampa Energía ⚫ 9

  10. Slide 10: Q1 financial position

    Q1 23 financial position In spite of heavy investments, still generating cash flow Key cash flow figures for the Restricted Group, US$ million Q1 23 FCF = US$(29) million +US$161m yoy -US$30m yoy, -US$130m qoq +US$68m qoq US$22m CAMMESA DSO green bond increased by 1 month Pampa Energía ⚫ 10

  11. Slide 11: Strong financial position: improving leverage ratios

    Strong financial position Remarkable operating performance keeps improving leverage ratios Key leverage figures, as of March 31, 20231, US$ million Consolidated with Restricted Group Affiliates at ownership3 affiliates at ownership After Q1 2023: Debt2 1,671 307 1,979 Cash 768 135 904 • • Net debt 9

  12. Slide 12: pampaenergia.com

    pampaenergia.com - (in) (f) © “ energia

  13. Slide 13: Dry shale gas window

    Dry shale gas window Pampa Energía ⚫ 13

  14. Slide 14: Q1 2023's key takeaways

    Q1 2023’s key takeaways Consolidated figures, in US$ million Q1 23 Net income to shareholders Q1 22 Q1 23 Pampa Energía ⚫ 14

  15. Slide 15: Holding & others

    Holding & others Adj. EBITDA2, in US$ million 41 29 -29% yoy +200% qoq 10 Q1 23 Affiliates’ EBITDA Performance @ 100% Ownership, in US$ million 38 137 ✓ 95 9 75    ✓ (6) ✓ Q1 23 Q1 23 Pampa Energía ⚫ 15

  16. Slide 16: Collection days from CAMMESA

    Collection days from CAMMESA Evolution of delays 75 58 58 55 55 55 37 30 35 31 24 15 13 0 0 -5 Jan-13 Jan-14 Jan-15 Jan-16 Jan-17 Jan-18 Jan-19 Jan-20 Jan-21 Jan-22 Pampa Energía ⚫ 16

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