Pampa Energia Sa · BCBA:PAMP

Pampa Energia Sa — Q3 2022 Earnings Presentation

18 slides from Pampa Energia Sa's earnings presentation, September 2022

  1. Slide 1: Q3 2022 results videoconference

    Q3 2022 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 pot

  3. Slide 3: Q3 2022's key takeaways - consolidated figures

    Q3 2022’s key takeaways - consolidated figures, in US$ million Gas makes E&P great again Revenues1 Consolidated adjusted EBITDA1 621 +11% yoy 261 253 -5% yoy 559 580 +7% qoq 246 -3% qoq ✓  ✓  ✓   ✓  47% 44% 40% ✓  ✓ Q3 22 Q3 22 Capex1 Consolidated adjusted EBITDA breakdown1,2 168 +87% yoy 64%

  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 126 4,512 4,477 -17% yoy 99 -29% yoy 3,767 -16% qoq 89 -10% qoq  63% 55% 51%    ✓  ✓ ✓ Q3 22 Q3 22 Availability performance, in % to installed capacity 97.8% 96.1%

  5. Slide 5: Ensenada Barragán Thermal Power Plant

    Ensenada Barragán Thermal Power Plant Key infrastructure project for Argentina’s electricity supply 280 MW expansion to CCGT Q4 2022 US$242 million 200 people 93% Aerial view of CTEB Pampa Energía ⚫ 5

  6. Slide 6: PEPE III Wind Farm expansion

    PEPE III Wind Farm expansion Growing our green energy contribution 81 MW expansion Q1 2023 US$128 million 72% Pampa Energía ⚫ 6

  7. Slide 7: Oil and gas: Our gas output performed an outstanding winter season

    Oil and gas Our gas output performed an outstanding winter season Pampa's monthly gas production since 2017 11.2 9.9 Gas production, in mcmpd +20% yoy 10.1 10.7 8.9 +6% qoq Q3 22 Pampa Energía ⚫ 7

  8. Slide 8: Oil and gas: The best quarter KPIs in years

    Oil and gas The best quarter KPIs in years Adjusted EBITDA, in US$ million Lifting cost, in US$ million +13% yoy 117 +45% yoy +15% qoq 42 +16% qoq ✓ 36  ✓ 29 104 102 ✓ ✓  6.1 6.6  5.4 59% 55% 54% Q3 22 Q3 22 Production performance, in kboe/d Crude oil sales, in kbbl/d 72.6 70.2 +19% yoy 64.6 68.5

  9. Slide 9: Oil and gas: The best quarter KPIs in years

    Oil and gas The best quarter KPIs in years Gas sales, in mcmpd Destination of our sales in Q3 +17% yoy 10.2 10.8 +5% qoq 9.2 ✓ ✓ ✓ Pampa ✓ ✓ Q3 22 Weighted avg gas price for Pampa, in US$/MBTU ATH Q3 17: Q3 22: 5.0 4.8 Q3 16 Q3 17 Q3 18 Q3 19 Q3 20 Q3 21 Q3 22 Pampa Energía ⚫ 9

  10. Slide 10: Petrochemicals: Commodity prices drove the quarter up

    Petrochemicals Commodity prices drove the quarter up Adj. EBITDA, in US$ million Sales performance, in thousand ton 2x yoy 1,496 19 19 similar qoq 129 120 -7% yoy ✓ +32 qoq 91  ✓ 7  12% 11%  ✓ 5% Q3 22 Q3 22 Q3 22 sales volume breakdown by market 34% % 66% Pampa Energía ⚫ 10

  11. Slide 11: Q3 financial position

    Q3 22 financial position Solid operating performance building a stronger balance sheet Key cash flow figures for the Restricted Group, US$ million Q3 22 FCF = +US$11 million +US$178m yoy -US$96m yoy +US$72m qoq +US$119m qoq Pampa Energía ⚫ 11

  12. Slide 12: Strong financial position

    Strong financial position Our credit profile contributed to the success of 2023 exchange offer Key leverage figures, as of September 30, 20221, US$ million Consolidated with Restricted Group Affiliates at ownership3 affiliates at ownership Debt2 1,612 291 1,904 Cash 685 103 788 Net debt 927 188 1,11

  13. Slide 13: pampaenergia.com

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

  14. Slide 14: Q3 2022's key takeaways

    Q3 2022’s key takeaways Consolidated figures, in US$ million Q3 22 Net income to shareholders Q3 21 Q3 22 Pampa Energía ⚫ 14

  15. Slide 15: Holding & others

    Holding & others Adj. EBITDA2, in US$ million 35 -15% yoy 24 21 -41% qoq Q3 22 Affiliates’ EBITDA Performance @ 100% Ownership, in US$ million 27  107 15 87 88 ✓✓ 12 ✓    Q3 22 Q3 22 Pampa Energía ⚫ 15

  16. Slide 16: Collection days from CAMMESA

    Collection days from CAMMESA Evolution of delays 75 58 58 55 55 37 35 28 31 24 25 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

  17. Slide 17: Federal subsidies, in US$ billion

    Federal subsidies, in US$ billion Accumulated @ 2005-15: 163.4b 28.9 26.8 26.1 Accumulated @ 2016-19: 55.4b 21.9 22.0 19.8 17.8 15.0 14.5 12.3 11.1 9.8 9.4 8.7 7.3 5.0 2.5 1.6 Argentina’s nominal GDP 199 233 288 362 333 424 531 583 613 568 642 557 643 525 452 389 491 643 Pampa Energía ⚫ 17

  18. Slide 18: Cost of imports, in US$ million

    Cost of imports, in US$ million 2008-2015 US$36.5b 8,153 7,458 7,105 5,865 5,073 4,477 2016-2021 US$14.9b 3,315 3,132 2,837 2,524 2,338 1,774 1,293 530 623 Pampa Energía ⚫ 18

Pampa Energía — Q3 2022 Earnings Presentation on 6ix