Pampa Energia Sa · BCBA:PAMP

Pampa Energia Sa — Q2 2024 Earnings Presentation

14 slides from Pampa Energia Sa's earnings presentation, June 2024

  1. Slide 1: Q2 2024 results videoconference

    Q2 2024 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: Outstanding increase in our gas production

    Oil and gas Outstanding increase in our gas production 14.5 mcmpd gas production in Q2 24 ✓ +37% yoy, 24% qoq ✓ Plan Gas & cooler winter ✓ New daily all-time-high: 16.8 mcmpd ✓ Increasing shale contribution to total output: 48% vs. 23% yoy Monthly gas production since 2017 ATH June In mcmpd 2024 15.

  4. Slide 4: Q2 2024's key takeaways - consolidated figures, in US$ million

    Q2 2024’s key takeaways - consolidated figures, in US$ million Consolidated adjusted EBITDA1,2 Consolidated adjusted EBITDA breakdown1,2 +30% yoy 288 +54% qoq 61% 222 3% 187 ✓ ✓  41% % 36% 38% 45% 37%  5% 16% 39% Q2 24 Capex1 210 -28% yoy 134 151 +13% qoq   ✓ ✓ Q2 24 Pampa Energía ⚫ 4

  5. Slide 5: Power generation: High availability offset by restrictive gas supply for thermal dispatch

    Power generation High availability offset by restrictive gas supply for thermal dispatch Adjusted EBITDA1, in US$ million Generation performance, in GWh 106 +9% yoy 5,928 98 +24% qoq 5,218 5,067 -3% yoy 86 ✓ -15% qoq ✓   52% 50% 57% ✓ ✓   ✓  Q2 24 Q2 24 Installed capacity, in MW 5,432 ✓ 5,377 5

  6. Slide 6: Growing our green energy contribution: First turbines commissioned in PEPE 6

    Growing our green energy contribution First turbines commissioned in PEPE 6 94% 19/31 windmills installed – 10/31 commissioned Vestas wind turbines x 4.5 MW each Full COD in October 2024 US$256 million Pampa Energía ⚫ 6

  7. Slide 7: Growing our green energy contribution: PEPE entering last stages

    Growing our green energy contribution PEPE 6 is entering to the project’s last stages Project status Pampa Energía ⚫ 7

  8. Slide 8: Oil and gas: Boosted local gas demand offset lower exports

    Oil and gas Boosted local gas demand offset lower exports Adjusted EBITDA, in US$ million Lifting cost, in US$ million 121 +24% yoy 44 +79% qoq 97 40 38 Per boe ✓ -17% yoy 67  -7% qoq 48% 43% 51%  6.5 ✓ 5.8 5.3  Q2 24 Q2 24 Production performance, in kboe/d Crude oil production, in kbbl/d 68.6 71

  9. Slide 9: Oil and gas: Increased gas production unlocked by new gas pipeline

    Oil and gas Increased gas production unlocked by new gas pipeline Gas production, in mcmpd Weighted avg gas price for Pampa, in US$/MBTU 4.7 4.7 +37% yoy 14.5 +24% qoq 10.6 11.7 4.0 ✓ ✓ 4.0 3.2  2023 = 4.2  3.2 2024 YTD = 3.7 Q2 24 Q2 Destination of our sales in Q2 Pampa Pampa Energía ⚫ 9

  10. Slide 10: Oil and gas: Promising results in our initial wells in Rincón de Aranda

    Oil and gas Promising results in our initial wells in Rincón de Aranda In bbl/d <2,500m hz wells avg production, 2020-2024 campaign Rincón de Aranda 2001H Neighbor’s average Months Rincón de Aranda daily oil production 1,653 RDA 2001H Tied-in RDA 2000H Re-tied-in Pampa Energía ⚫ 10

  11. Slide 11: Petrochemicals: Reforming led the quarter

    Petrochemicals Reforming led the quarter Adj. EBITDA, in US$ million Sales performance, in thousand ton 1,205 15 +50% yoy 106 110 111 +5% yoy 10 11 +36% qoq similar qoq ✓ ✓ ✓ ✓ 9% 11% ✓ ✓ 8%   Q2 24 Q2 24 Q2 24 sales volume breakdown by market 44% % 56% Pampa Energía ⚫ 11

  12. Slide 12: Q2 financial position: Improved DSO from CAMMESA positively impacted on WK

    Q2 24 financial position Improved DSO from CAMMESA positively impacted on WK Key cash flow figures for the Restricted Group, US$ million Q2 24 FCF = -US$60 million +US$31m yoy, +US$11m qoq +US$42m yoy +US$69m qoq Pampa Energía ⚫ 12

  13. Slide 13: Strong balance sheet

    Strong balance sheet Key leverage figures, as of June 30, 20241, US$ million Consolidated with Parent Company Affiliates at O/S3 affiliates at O/S 2 1,605 277 1,882 Q2 2024: Debt • Cash 914 190 1,104 • Net debt 691 87 778 • LTM Adj. EBITDA 684 150 834 Gross leverage 2.3x 1.8x 2.3x Net leverage 1.0x

  14. Slide 14: pampaenergia.com - (in) (Ff) © PamMpaeneraia

    pampaenergia.com - (in) (Ff) © PamMpaeneraia

Pampa Energía — Q2 2024 Earnings Presentation on 6ix