Transportadora De Gas Del Sur Sa Class B · BCBA:TGSU2
Transportadora De Gas Del Sur Sa Class B — Gas Transporter of the South — Q2 2021 Earnings Presentation
17 slides from Transportadora De Gas Del Sur Sa Class B's earnings presentation, Aug 4, 2021
Slide 1: Breakdown of operating costs and expenses 2Q2021 vs 2Q2020
The breakdown of operating costs, administrative and commercialization expenses , excluding depreciation, for 2Q2021 and 2Q2020 is shown below:
Slide 2: Operating costs, financial results and income tax variation
Operating costs and administrative and selling expenses , excluding depreciation, increased by approximately Ps. 2,186 million in 2Q2021 compared to 2Q2020. This variation is mainly explained by higher: (i) natural gas costs (higher prices denominated in US dollars, partially offset by the inflation
Slide 3: Natural Gas Transportation
Natural Gas Transportation Operating profit before depreciation of the Natural Gas Transportation segment decreased by Ps. 2,436 million.
Slide 4: Natural gas transportation revenues share and contracts
Natural gas transportation revenues accounted for approximately 28% and 46% of total revenues in 2Q2021 and 2Q2020, respectively. Revenues from this segment derive mainly from firm natural gas transportation contracts, which represented approximately 84% and 83%, respectively, of the total revenues
Slide 5: Tariff adjustment and Liquids Production and Commercialization
This business segment, subject to ENARGAS regulation, received its last tariff adjustement on April 1st, 2019, following Resolution No. 192/2019 (2) . The decrease in operating profit was mainly related to lower revenues given the lack of a tariff adjustment to compensate for the negative variation
Slide 6: Liquids segment operating profit before depreciation
Operating profit before depreciation in this business segment in 2Q2021 was Ps. 1,831 million above 2Q2020, reaching Ps. 4,411 million (compared to Ps. 2,580 million in 2Q2020). This variation stems from an increase in revenues of Ps. 3,955 million, which was partially offset by: (i) an increase in
Slide 7: Other Services and Telecommunications
Other Services and Telecommunications This business segment mainly includes services such as midstream and telecommunications, representing approximately 9% of our total revenues in 2Q2021 and 2Q2020.
Slide 8: Other services operating profit and net debt
Operating profit before depreciation increased by Ps. 132 million (or 15%) mainly as a result of the increase in revenues in 2Q2021, which was partially offset by an increase decrease in operating costs by Ps. 63 million. The increase in revenues was mainly due to: (i) the nominal effect of the exch
Slide 9: Liquidity and capital resources
Liquidity and capital resources The net variation in cash and cash equivalents for 2Q2021 and 2Q2020 was as follows:
Slide 10: Reconciliation of free cash flows 2Q2021 and 2Q2020
Below is a reconciliation of the free cash flows for the 2Q2021 and 2Q2020:
Slide 11: Operating activities cash flow
2 Q 2021 EARNINGS RELEASE During 2Q2021, cash flow generated by the operating activities amounted to Ps. 3,529 million, Ps. 5,694 million below 2Q2020, mainly due to the increase in working capital, higher income tax payments and lower collections received from derivative financial instruments.
Slide 12: Investing activities cash flow
Cash flow (used in) / generated by investing activities amounted to Ps. 3,303 million in 2Q2021, compared to a cash flow of Ps. 2,226 million in 2Q2020, mainly due to the payment for the acquisition of financial assets not considered cash equivalents made during 2Q2021. In addition, payments for PPE
Slide 13: Financial Information for 2Q2021 and 2Q2020
Transportadora de Gas del Sur S.A. Financial Information for the 2Q2021 and 2Q2020 and the first semester 2021 and 2020 (in millions of Argentine pesos, except for per share and per ADS information in pesos or where otherwise indicated) Second Quarter First Semester 292020 292019 152021 152020 Natur
Slide 14: Financial Results for the 2Q2021 and 2Q2020
Financial Results for the 2Q2021 and 2Q2020 In millions of Argentine Pesos’ 292021: 292020152021 152020 Interest 85 127 380 266 Foreign exchange gain 1,051 1,331 3,348 2,626 Subtotal 1,136 1,458 3727 2,892 Financial expenses Interest (G66) (090) 934) @,067) Foreign exchange loss (2,149) (5,030) (7,0
Slide 15: Business Segment information
Business Segment information Natural Gas . assert Liquids Other Services Telecommunications Total (in milions of Argentine Pesos) 292021 Revenues 10,994 22,040 3,132 192 36,358 Operating profit before depreciation 6,627 10,862 2,129 49 19,667 Depreciation 2,900) 253) 778) = 3,931) Operating profit 3
Slide 16: Consolidated Statement of Financial Position
Transportadora de Gas del Sur S.A. Consolidated Statement of Financial Position as of June 30, 2021 and December 31, 2020 (in millions of Argentine pesos) 06/30/2021 12/31/2020 Assets Non Current assets Property, plant and equipment 123,438 123,823 Investments in associates 161 161 Other financial a
Slide 17: Signatures
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Transportadora de Gas del Sur S.A. By: /s/Alejandro M. Basso Name: Alejandro M. Basso Title: Vice Presi
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