Transportadora De Gas Del Sur Sa Class B · BCBA:TGSU2
Transportadora De Gas Del Sur Sa Class B — Gas Transporter of the South — Q1 2020 Earnings Presentation
13 slides from Transportadora De Gas Del Sur Sa Class B's earnings presentation, May 8, 2020
Slide 1: Buenos Aires, Argentina, May 8, 2020
Buenos Aires, Argentina, May 8, 2020 During the three-month period ended March 31, 2020 (1Q2020), total income amounted to Ps. 3,401 million, or Ps. 4.39 per share (Ps. 21.94 per ADS), compared to Ps. 3,546 million, or Ps. 4.50 per share (Ps. 22.48 per ADS) for the same period in 2019 (1Q2019).
Slide 2: Operating profit and quarterly highlights 1Q2020
Operating profit amounted to Ps. 5,061 million in 1Q2020, Ps. 728 million lower than in 1Q2019. This variation was mainly due to: Lower revenues of Ps. 1,554 million, mainly related to lower revenues at the Natural Gas Liquids ("Liquids") Production and Commercialization and the Natural Gas Transp
Slide 3: Other Services business segment
Other Services business segment includes midstream and telecommunication activities. As a percentage of the Company’s total revenues, this segment accounted for approximately 8% and 4% of the revenues in 1Q2020 and 1Q2019, respectively. Other Services revenues increased by Ps. 286 million in 1Q2020
Slide 4: Financial results
Financial results are presented in gross terms considering the effects of change in the currency purchasing power ("Gain on monetary position") in a single separate line. In 1Q2020, financial results recorded a positive variation of Ps. 596 million compared to 1Q2019. This variation was mainly due t
Slide 5: Liquidity and capital resources
Liquidity and capital resources The net variation in cash and cash equivalents for 1Q2020, and 1Q2019 was as follows:
Slide 6: Reconciliation of free cash flows for 1Q2020 and 1Q2019
Below is a reconciliation of the free cash flows for the 1Q2020 and 1Q2019:
Slide 7: 1Q2020 vs. 1Q2019
1Q2020 vs. 1Q2019 During 1Q2020, net decrease in cash and cash equivalents and free cash flow amounted to Ps. 6,358 million and Ps. 2,454 million, respectively. During 1Q2020, cash flow generated by the operating activities amounted to Ps. 5,196 million, Ps. 191 million above 1Q2019. This was mainly
Slide 8: Financial Information for the 1Q2020 and 1Q2019
Financial Information for the 1Q2020 and 1Q2019 (In millions of Argentine pesos, except for per share and per ADS information in pesos or where otherwise indicated) First Quarters 192020 _ 192019 Natural Gas Transportation 5,392 5,908 Liquids Production and Commercialization 5,857 7,181 Other Servic
Slide 9: Financial Results for the 1Q2020 and 1Q2019
Financial Results for the 1Q2020 and 1Q2019 In millions of Argentine Pesos) 192020 1019 Interest 88 224 Foreign exchange gain 815 3,427 Subtotal 903 3,651 Financial expenses Interest (615) (625) Foreign exchange gain (2,626) (4,808) less Capitalized financial costs - 342 Subtotal (3,241) (5,091) Oth
Slide 10: Business Segment information
Business Segment information Natural Gas Transportatior her Services Telecommunicati (in millions of Argentine Pesos) Revenues 5,392 5,857 754 118 12,121 Operating profit before depreciation 3,733 2,016 451 19 6,219 Depreciation (849) (73) (236) - (1,158) Operating profit 2,884 1,943 215 19 5,061 19
Slide 11: Segment information without inflation adjustment
Natural Gas Transportatior (in_ millions of Argentine pesos without inflation adjustment - non audited) 192020 Revenues 5,240 5,720 740 114 11,814 Operating profit before depreciation 3,553 2,178 444 25 6,200 Depreciation (156) (22) (117) - (295) Operating profit 3,397 2,156 327 25 5,905 Revenues 3,
Slide 12: Consolidated Statement of Financial Position
Consolidated Statement of Financial Position as of March 31, 2020 and December 31, 2019 (in millions of Argentine pesos) 03/31/2020 12/31/2019 Assets Non Current assets Property, plant and equipment 81,163 80,023 Other financial assets at amortized cost 5 6 Investments in associates 89 84 Deferred i
Slide 13: 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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