Pampa Energia Sa · BCBA:PAMP

Pampa Energia Sa — Q2 2020 Earnings Presentation

18 slides from Pampa Energia Sa's earnings presentation, June 2020

  1. Slide 1: Q2 2020 results videoconference

    Q2 2020 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: Reporting considerations

    Reporting considerations Q2 2020 Q2 2019 Reporting How Pampa reports FC US$ FC US$ FC AR$ @ FC AR$ @ June 30, 2020 June 30, 2019 Inflation = 3% Inflation = 5% Devaluation = 9% Appreciation = 2% Pampa Restricted Group Pampa consolidated non-GAAP • • • • • • • Pampa Energía ⚫ 3

  4. Slide 4: The main highlights of the quarter

    The main highlights of the quarter • • • • Aerial view of CTGEBA, 2020 Pampa Energía ⚫ 4

  5. Slide 5: Q2 2020's key takeaways

    Q2 2020’s key takeaways Consolidated figures, in US$ million Revenues1 Consolidated adjusted EBITDA1 900 300 271 80% 723 900 221  800 70% 250 544  700 60%  200 600 50% 500 400  150 30% 31% 120  40% 30%  ✓ 300 100 20% 200 ✓ 22% 50 10% ✓ 100 0 0 0% Q2 20 Q2 20 Capex Pampa Restricted Group+Edenor

  6. Slide 6: Lockdown negatively impacted Argentina's GDP, although power generation proved resiliency

    Lockdown negatively impacted on Argentina’s GDP, although power generation proved resiliency Argentina’s net electricity demand, monthly average in MW Q2 Pampa Energía ⚫ 6

  7. Slide 7: Power generation smoothly performed despite challenging environment

    Power generation smoothly performed despite challenging environment Adjusted EBITDA1, in US$ million Generation performance, in GWh 114 100% 4,608 100 95  3,727 120 3,461 4,500 90% 100  4,000  71% 3,500 80% 80 3,000 ✓ 70% 2,500 ✓ 60 2,000 ✓ 49% 68% ✓ 60% 40 1,500 20 50% 1,000 ✓ ✓ 500 - 40% - Q2 2

  8. Slide 8: Genelba Thermal Power Plant

    Genelba Thermal Power Plant One of the most important milestones in Pampa Energía’s history COD on time despite COVID-19 pandemic Aerial view of CTGEBA, 2020 Pampa Energía ⚫ 8

  9. Slide 9: Ensenada Barragán Thermal Power Plant

    Ensenada Barragán Thermal Power Plant Key infrastructure project for Argentina’s electricity supply Works resumed with the strictest protocols in place Aerial view of CTEB, 2019 Pampa Energía ⚫ 9

  10. Slide 10: COVID-19 lockdown and fall season: a tough combination for gas

    COVID-19 lockdown and fall season: a tough combination for gas Nation-wide gas demand, monthly average in bcf per day Q2 Pampa Energía ⚫ 10

  11. Slide 11: Our production remained stable despite collapsing prices

    Our production remained stable despite collapsing prices Adjusted EBITDA1, in US$ million Production performance, in kboe/d 53 48.5 46.0 43.7 140% 50 120% 29 100% 40 48% 80% 30  60% ✓ 40% 6 20 34% 20% 10 11% ✓ 0% - -2 0% Q2 20 Q2 20 Crude oil sales, in kbbl/d 20.8 6.0 4.9 5.3 5.0 4.1 4.0 3.0  2.0

  12. Slide 12: Our production remained stable despite collapsing prices

    Our production remained stable despite collapsing prices Gas sales, in mcf/d Weighted avg gas price for Pampa, in US$/MBTU1 282 259 300 253 3.1 3.3 250  3.1 2.6 ✓ 200 150 2.0 100  50 ✓ - Q2 20 Q2 Main news Destination of our sales, YTD as of June • Gas tenders for power generation and pricing envi

  13. Slide 13: Q2 2020's key takeaways

    Q2 2020’s key takeaways Consolidated figures, in US$ million Q2 20 Net income to 4 shareholders Q2 19 Q2 20 Pampa Energía ⚫ 13

  14. Slide 14: Outstanding balance sheet to weather a difficult environment

    Outstanding balance sheet to weather a difficult environment Key leverage figures, as of June 30, 20201 Pampa Affiliates Consolidated with Edenor Restricted Group @ O/S3 affiliates @ O/S After Q2 2020: Debt2 1,591 150 416 2,158 ✓ Cash 393 81 161 635 ✓ Net debt 1,198 70 255 1,523 ✓ LTM adj. EBITDA 46

  15. Slide 15: pampaenergia.com

    pampaenergia.com - (in) (F) ©®® a energia

  16. Slide 16: Electricity Distribution

    Electricity Distribution Adj. EBITDA, in US$ million Sales Performance , in GWh    ✓ 4,849 5,203 4,791 ✓ 90 72  70% 60% ✓ 45 70 ✓ 50% 16% 50 40% 30 14% ✓ 30% (14) 20% 10 ✓ 10% 0% (1 0) -1 0% (3 0) -2 0% Q2 20 Q2 20 Number of End-Users, in million Main News • 3.12 3.13 3.09 ✓ ✓  Q2 20 Pampa Ener

  17. Slide 17: Petrochemicals

    Petrochemicals Adj. EBITDA, in US$ million Sales Performance, in thousand ton 741 5 4 15% 4 3 ✓ 10% 100 95 87  3 3% 10% ✓ ✓ 90 52 80 2  5% 70 1 - (2)  0% 60 50 40 (1 ) 30 -5 % 20 (2 ) 10 (3 ) -1 0% - Q2 20 Q2 20 Main News • Pampa Energía ⚫ 17

  18. Slide 18: Holding & Others

    Holding & Others Adj. EBITDA2, in US$ million Main News • 44 60 ▪ 35 50 ▪ 40 29 • 30 ▪ 20 10 - (1 0) Q2 20 Affiliates’ EBITDA Performance @ 100% Ownership, in US$ million 142 47 5 96  2 29 28 79   ✓  ✓  ✓  ✓ ✓ (2) Q2 20 Q2 20 Q2 20 Pampa Energía ⚫ 18

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