Pampa Energia Sa · BCBA:PAMP

Pampa Energia Sa — Q3 2021 Earnings Presentation

17 slides from Pampa Energia Sa's earnings presentation, September 2021

  1. Slide 1: Q3 2021 results videoconference

    Q3 2021 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: The main highlights of the quarter

    The main highlights of the quarter • All-time-high record gas production Monthly, production since 2017 Pampa Energía ⚫ 3

  4. Slide 4: The main highlights of the quarter

    The main highlights of the quarter • Plan Gas GSA third round award Total gas production @ WI, in mcfpd Winter gas production @ WI1, in mcfpd 350 388 +43% +56% Pampa Energía ⚫ 4

  5. Slide 5: The main highlights of the quarter

    The main highlights of the quarter • All-time-high record gas production • Plan Gas GSA third round award • PEPE III brownfield expansion • Remarkable reduction of the net debt during the quarter – 1.4x ND/EBITDA • 2020 Corporate Sustainability Report Pampa Energía ⚫ 5

  6. Slide 6: Q3 2021's key takeaways

    Q3 2021’s key takeaways - consolidated figures, in US$ million E&P: the quarter’s rising star Revenues1 Consolidated adjusted EBITDA1 +49% yoy +27% yoy 577 +27% qoq 241 262 +9% qoq 456 ✓ 206 ✓ 386 ✓ ✓ ✓   53% 53%  45%  Q3 21 Q3 21 Capex1 Consolidated adjusted EBITDA breakdown1,2 +92% yoy 91 91 N

  7. Slide 7: Power generation

    Power generation A resilient business that anchors our performance Adjusted EBITDA1, in US$ million Generation performance, in GWh -5% yoy +13% yoy 132 121 126 4,512 +4% qoq 4,000 3,808 +18% qoq  ✓ 71% ✓  ✓ ✓ 63% 63% ✓   Q3 21 Q3 21 Availability performance, in % to installed capacity ✓ 98.6% 35

  8. Slide 8: Ensenada Barragán Thermal Power Plant

    Ensenada Barragán Thermal Power Plant Key infrastructure project for Argentina’s electricity supply Aerial view of CTEB Pampa Energía ⚫ 8

  9. Slide 9: Oil and gas

    Oil and gas Winter prices and demand delivered an outstanding performance Adjusted EBITDA1, in US$ million Lifting cost, in US$ million +187% yoy +36% yoy 104 +41% qoq 32 +26% qoq 73 ✓ 23 25  ✓ ✓ ✓ 36 59%  5.8 6.0 68%  5.4 43% Q3 21 Q3 21 Production performance, in kboe/d Crude oil sales, in kbbl

  10. Slide 10: Oil and gas: Plan Gas is paving the recovery way

    Oil and gas Plan Gas is paving the recovery way for domestic production Gas sales, in mcfpd Weighted avg gas price for Pampa, in US$/MBTU 2021 3.9 4.4 326 +24% yoy 3.3 +25% qoq 3.1 3.1 264 262 2.6 ✓ ✓ ✓ ✓ ✓ Q3 21 Q3 Destination of our sales, YTD Pampa Pampa Energía ⚫ 10

  11. Slide 11: Petrochemicals

    Petrochemicals Demand and price recovery offset by higher costs linked to int’l prices Adj. EBITDA, in US$ million Sales performance, in thousand ton 1,123 16 No changes yoy -56% qoq 129 +43% yoy +69% qoq 90  76 7 7 ✓ 10% 16% ✓ ✓ 5% ✓ Q3 21 Q3 21 Q3 21 sales breakdown by market 47% % 53% Pampa Ener

  12. Slide 12: Strong financial position

    Strong financial position Cash generation from solid operating performance and improved profitability Key cash flow figures for the Restricted Group, US$ million Q3 21 FCF = US$108 million +US$175m yoy, +US$35m qoq +US$155m yoy +US$44m qoq Pampa Energía ⚫ 12

  13. Slide 13: Collection days from CAMMESA

    Collection days from CAMMESA Evolution of delays 75 58 58 55 55 37 37 35 24 23 15 13 0 0 -5 Jan-13 Jan-14 Jan-15 Jan-16 Jan-17 Jan-18 Jan-19 Jan-20 Jan-21 Pampa Energía ⚫ 13

  14. Slide 14: Strong financial position: paying out ST AR$ debt

    Strong financial position Paying out ST AR$-debt and improving leverage ratios Key leverage figures, as of September 30, 20211, US$ million Consolidated with Restricted Group Affiliates at ownership 3 affiliates at ownership Debt 2 1,424 358 1,782 After Q3 2021: Cash 507 108 615 • Net debt 917 250 1

  15. Slide 15: pampaenergia.com

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

  16. Slide 16: Q3 2021's key takeaways

    Q3 2021’s key takeaways Consolidated figures, in US$ million Q3 21 Net income to shareholders Q3 20 Q3 21 Pampa Energía ⚫ 16

  17. Slide 17: Holding & others

    Holding & others Adj. EBITDA2, in US$ million -18% yoy 31 30 25 -18% qoq Q3 21 Affiliates’ EBITDA Performance @ 100% Ownership, in US$ million 93 26 89 6 87  ✓ 14 15  3    ✓  ✓ (2) Q3 21 Q3 21 Q3 21 Pampa Energía ⚫ 17

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