Transportadora De Gas Del Sur Sa Class B · BCBA:TGSU2
Transportadora De Gas Del Sur Sa Class B — Gas Transporter of the South — FINANCIAL STATEMENTS AS OF 30, JUNE 2023
38 slides from Transportadora De Gas Del Sur Sa Class B's investor presentation, Aug 22, 2023
Slide 1: Activities of the Company in 6M2023 and 6M2022
Activities of the Company in 6M2023 and 6M2022 Revenues Revenues for 6M2023 decreased by Ps. 18,585 million compared to 6M2022, mainly due to the decrease in revenues from Production and Commercialization of Liquids business segment and Natural Gas Transportation business segment. Natural Gas Transp
Slide 2: Other Services
Other Services Revenues derived from the Other Services segment increased by Ps. 3,225 million in 6M2023 compared to the same period of 2022. This increase is due to higher revenues corresponding to transportation and conditioning services for natural gas in Vaca Muerta. These effects were partially
Slide 3: Net financial results
Net financial results In 6M2023, the financial results experienced a positive effect of Ps. 4,556 million with respect to same period of 2022. The breakdown of net financial results is as follows:
Slide 4: Liquidity
This positive variation is mainly due to the higher gain generated by financial assets measured at fair value and the loss recognized in 6M2022 from the repurchase of notes and derivative financial instruments transactions. These effects were partially offset by the higher negative foreign exchange
Slide 5: Cash flow and 2Q2023 vs 2Q2022 summary
During 6M2023 the net variation in cash and cash equivalents was positive by Ps. 6,351 million. Cash flow from operations amounted to Ps. 50,374 million. This cash flow was Ps. 19,639 million higher than in 6M2022 due to the drop in operating income and the lower payment of income tax. These effects
Slide 6: 2Q2023 comprehensive income and segment revenues
During 2Q2023, the Company obtained comprehensive income of Ps. 12,101 million, compared to comprehensive income of Ps. 11,439 million obtained in the same period of 2022. Total revenues for 2Q2023 decreased Ps. 3,751 million compared to the same period of the previous year. Revenues from the Natura
Slide 7: Other Services and operating costs 2Q2023
The Other Services segment reported an increase of Ps. 1,668 million, mainly explained by higher natural gas transportation and conditioning services in Vaca Muerta. This effect was partially offset by the negative variation of the exchange rate in constant currency. Cost of sales and administrative
Slide 8: Financial results and consolidated financial position summary
In 2Q2023, financial results suffered a positive variation of Ps. 6,873 million, compared to those registered in the 2022 period. This variation is mainly due to the higher positive result generated by financial assets for Ps. 13,253 million. This effect was partially offset by higher loss due to ex
Slide 9: 5. Consolidated Comprehensive Income Summary
5. Consolidated Comprehensive Income Summary Summary of the consolidated comprehensive income information for the six-month periods ended June 30, 2023, 2022, 2021, 2020 and 2019:
Slide 10: 6. Consolidated Cash Flow Summary
6. Consolidated Cash Flow Summary Summary of the consolidated cash flow information for the six-month periods ended June 30, 2023, 2022, 2021, 2020 and 2019:
Slide 11: 7. Statistical Data (Physical units)
7. Statistical Data (Physical units)
Slide 12: Statistical data: gas transportation and NGL production
Second quarter ended June 30, 2023 2019 2023 2022 2021 2020 2019 Gas Transportation ‘Average firm contracted capacty (millions of m3/d) 83.2 82.8 82.6 82.5 82.5 83.2 3.1 92.7 82.6 2.6 Average daily deliveries (millions of ma/a) 63.4 68.2 64.2 60.6 64.4 69.0 75.0 3.5 62.5 68.5 NNGL production and com
Slide 13: Condensed Interim Consolidated Statements of Financial Position
Luis Fallo Chairman of the Board of Directors English translation of the original prepared in Spanish for publication in Argentina TRANSPORTADORA DE GAS DEL SUR S.A. CONDENSED INTERIM CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AS OF JUNE 30, 2023 AND DECEMBER 31, 2022 (Stated in thousands of peso
Slide 14: Condensed Interim Consolidated Statement of Changes in Equity
Luis Fallo Chairman of the Board of Directors English translation of the original prepared in Spanish for publication in Argentina TRANSPORTADORA DE GAS DEL SUR S.A. CONDENSED INTERIM CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE SIX-MONTH PERIODS ENDED JUNE 30, 2023 AND 2022 (Stated in thousa
Slide 15: Condensed Interim Consolidated Statements of Cash Flows
Luis Fallo Chairman of the Board of Directors English translation of the original prepared in Spanish for publication in Argentina TRANSPORTADORA DE GAS DEL SUR S.A. CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE SIX-MONTH PERIODS ENDED JUNE 30, 2023 AND 2022 (Stated in thousands of
Slide 16: Notes: 1. General Information
Luis Fallo Chairman of the Board of Directors English translation of the original prepared in Spanish for publication in Argentina TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2023 AND COMPARATIVE INFORMATION (Stated in thousands
Slide 17: Six-month period ended June 30, 2023 by segment
‘Shc month period ended June 30, 2023 Production and NaturalGas Commercialization Other Transportation of Liquids Services __Telecommunications Eliminations Total, Revenues 25,124,459 71,836,662 16,599, 238 628,912 = 114,189,271 Intercompany revenues from sales 580,323, : = E (580,323) E Gost of sal
Slide 18: Breakdown of revenues by market and opportunity
The breakdown of revenues by market and opportunity for the six-month periods ended June 30, 2023 and 2022 is as follows:
Slide 19: Notes to the Condensed Interim Consolidated Financial Statements
English translation of the original prepared in Spanish for publication in Argentina TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2023 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless otherw
Slide 20: 9. Summary of significant statement of financial position items
9. SUMMARY OF SIGNIFICANT STATEMENT OF FINANCIAL POSITION AND STATEMENT OF COMPREHENSIVE INCOME ITEMS a) Other receivables
Slide 21: Other receivables
06/30/2023 12/31/2022 Current Non Current Current Non Current "Turnover tax balance: 310,737 5 332,556 E VAT credit balance 447,679 : 2,253,438 = Income tax credit balance : 5 145,689, E (Other tax receivables 152,585 5 161,604 33 Prepaid expenses: 7,036,470 5 2,297,018. E ‘Advanoss to suppliers 1,7
Slide 22: Movement of the allowance for doubtful accounts
The movement of the allowance for doubtful accounts is as follows:
Slide 23: Cash and cash equivalents
English translation of the original prepared in Spanish for publication in Argentina TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2023 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless otherw
Slide 24: k) Net financial results
English translation of the original prepared in Spanish for publication in Argentina TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2023 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless otherw
Slide 25: l) Other operating results, net
l) Other operating results, net
Slide 26: 11. Joint Arrangements
11. JOINT ARRANGEMENTS The breakdown of the amounts included in the statements of financial position related to the Company's participation in the UT as of June 30, 2023 and December 31, 2022, and its results for the six-month periods as of June 30, 2023 and 2022 is the following: English translatio
Slide 27: 12. Share of Profit from Associates
12. SHARE OF PROFIT FROM ASSOCIATES
Slide 28: 14. Loans
English translation of the original prepared in Spanish for publication in Argentina TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2023 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless otherw
Slide 29: Loans denominated in US dollars and activity
Loans are totally denominated in US dollars. The activity of the loans as of June 30, 2023 and 2022 is the following:
Slide 30: Financial lease and debt maturities
In January 2023, the Company entered into a new financial lease for Ps. 870,765. It is denominated in US dollars, payable in fixed monthly installments until December 2027. English translation of the original prepared in Spanish for publication in Argentina TRANSPORTADORA DE GAS DEL SUR S.A. NOTES T
Slide 31: Deferred liabilities
Deferred Liabilities 06/30/2023 __142/31/2022 Financial assets at fair value thrauch profit or less (2,058,152) 776,674 Provisions for leas claims and other crovisions. 757,040 367,273 Financial leases Zss.0e 77.348 Gortrad liabiit= 4,143,283, 4153424 Other crests (113.350) (179,898) Less (358,258)
Slide 32: 17. Financial Instruments by Category and Hierarchy
English translation of the original prepared in Spanish for publication in Argentina TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2023 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless otherw
Slide 33: Notes to the Condensed Interim Consolidated Financial Statements
English translation of the original prepared in Spanish for publication in Argentina TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2023 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless otherw
Slide 34: 17.2 Fair value measurement hierarchy and estimates
17.2 Fair value measurement hierarchy and estimates According to IFRS 13, the fair value hierarchy introduces three levels of inputs based on the lowest level of input significant to the overall fair value. These levels are: · Level 1: includes financial assets and liabilities whose fair values are
Slide 35: 19. Regulatory Framework
English translation of the original prepared in Spanish for publication in Argentina TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2023 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless otherw
Slide 36: Related party transactions 2023
As of June 30, 2023, tgs holds Ps. 4.232.397 corresponding to dollar-linked notes issued by CT Barragán S.A. that accrue an annual rate above the exchange rate established in BCRA Communication "A" 3500. The book value of the notes is disclosed within the caption “Other financial assets at fair valu
Slide 37: Related party transactions 2022
Six-month period ended June 30 , 2022 :
Slide 38: 23. Associates and Joint Agreement
English translation of the original prepared in Spanish for publication in Argentina TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2023 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless otherw
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