Pampa Energia Sa · BCBA:PAMP
Pampa Energia Sa — Q3 2018 Earnings Presentation
16 slides from Pampa Energia Sa's earnings presentation, Nov 13, 2018
Slide 1: Q3 2018 Results Call
Q3 2018 Results Call November 13, 2018 10 AM EST / 12 PM ART
Slide 2: Disclaimer
Disclaimer The material that follows is a presentation of general background information about Pampa Energía SA 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 potential investors. This prese
Slide 3: Today's Agenda
Today’s Agenda • Presented by Lida Wang, IRO Reporting basis to take into account Q3 2018 consolidated EBITDA Q3 2018 consolidated net income Results & news by business segment Cash and debt • Power generation Q&A session • Electricity distribution • Oil & gas upstream • Petrochemicals •
Slide 4: Q3 2018 Consolidated Results
Q3 2018 Consolidated Results Adjusted EBITDA from Continuing Businesses1 In million AR$ 9,078 Segment Q3 17 Q3 18 ∆$ ∆% Power Generation 1,408 3,509 2,101 +149% 3,509 Electricity Distribution 843 1,876 1,033 +123% Oil & Gas* 1,709 2,276 567 +33% 4,355 1,876 Refining & Marketing* 18 112 94 NA 1,408 P
Slide 5: Q3 2018 Consolidated Results
Q3 2018 Consolidated Results Adjusted EBITDA from Continuing Businesses In million AR$ Adj. EBITDA Q3 18 3,509 1,876 2,276 112 (155) 1,460 9,078 +108% yoy +1,103 +567 +94 -175 +175 +1,033 +2,101 4,355 Total Q3 17 Power Power Generation Electricity Electricity Distribution Oil & Gas Refining Refining
Slide 6: Power Generation
Power Generation Adjusted EBITDA Generation Performance In million AR$ In GWh Temporal outages 3,509 AR$ devaluation 3,724 3,572 at CTGEBA +149% New PPAs in Lower dispatch force & full fare requested at CPB for legacy energy & CTG Full operation of Incl. MC wind Thermal 84% CTPP, CTLL’s 1,40
Slide 7: Power Generation: Genelba Expansion
Power Generation Genelba Expansion Pampa Energía ● Q3 2018 Earnings Call 7
Slide 8: PEPE II & III Wind Farms Expansions
Power Generation PEPE II & III Wind Farms Expansions Pampa Energía ● Q3 2018 Earnings Call 8
Slide 9: Electricity Distribution
Electricity Distribution Adjusted EBITDA RTI’s full fare Sales Performance Higher demand In million AR$ implementation In GWh from residential 1,876 + costs update 5,587 5,626 users, peaked in in Aug ‘17 and +123% Feb & Aug ‘18 6% 7% Jul & Aug due to cold weather Def. income 540 Income from 34% 3
Slide 10: Oil & Gas
Oil & Gas Adjusted EBITDA from Continuing Businesses Domestic Production Performance In million AR$ In kboe per day +33% 2,276 FX impact 50.0 End of service at Better oil sale Medanito La 1,709 price in US$ 45.0 Pampa in Oct-17 Incl. OldelVal’s Lower gas EBITDA @ 23.1% production at R. End
Slide 11: Oil & Gas News Update
Oil & Gas News Update • CAMMESA’s gas auction for power generation • Operation update • New tariffs for gas retail • Gas export regulation • Sale of equity ownership at OldelVal Pampa Energía ● Q3 2018 Earnings Call 11
Slide 12: Petrochemicals
Petrochemicals Adjusted EBITDA Sales Performance In million AR$ In thousand ton US$889/ton US$1,074/ton 20 124 85 66% Other 63% SBR 7% Styrene & 6% (155) Lower output 27% 31% Polystyrene Q3 17 Q3 18 Higher operating & Q3 17 Q3 18 raw material’s cost Q3 Q3 17 17 Q3 18 Q3 18 Lower reforming Bet
Slide 13: Holding & Others
Holding & Others Adjusted EBITDA Affiliates’ EBITDA Performance @ 100% Ownership In million AR$ In million AR$ Transener RTI + TGS RTI + cost cost update update +296% 1,413 1,258 Lower 3,980 FX penalties impact Better 1,017 TGS 739 liquids 357 1,064 margin 271 Transener 331 195 65 Holding (10
Slide 14: Q3 2018 Consolidated Results: Net Income to Shareholders
Q3 2018 Consolidated Results Net Income to Shareholders In million AR$ Reported Q3 18 NI to (3,681) (451) (6,761) 108 (801) 3,549 (7,135) Shareholders 1,284 -4,227 +292 +2,824 +67 -6,750 -625 Power Electricity Refining & Petro- Holding, Q3 17 Generation Distribution Oil & Gas Marketing chemicals Oth
Slide 15: Strong Cash & Debt Position
Strong Cash & Debt Position Summary @ Sept-181 + Repurchases After Q3 18 Principal Debt Profile as of September 30, 20181 In US$ million In US$ million Consolidated debt from FS US$2,046 million Pampa Edenor Transener @ O/S TGS @ O/S Other affiliates @ O/S 750 + Affiliates' debt @ O/S US$230 million
Slide 16: Thank you! Any Questions?
Thank you! Any Questions? For further information, contact: • Gustavo Mariani Vice President • Ricardo Torres Vice President • Mariano Batistella Planning, Strategy & Related Companies Executive Director • Lida Wang Investor Relations Officer The Pampa Energía Building, Maipú 1 (C1084ABA), Ciudad Au