Vista Energy Sab De Cv Class A · BMV:VISTA/A
Vista Energy Sab De Cv Class A — Vista Oil & Gas, S.A.B. de C.V. — Q3 2019 Earnings Presentation
12 slides from Vista Energy Sab De Cv Class A's earnings presentation, Oct 23, 2019
Slide 1: Third quarter 2019 Earnings webcast
Third quarter 2019 Earnings webcast October 23, 2019 Exhibit 1
Slide 2: About projections and forward-looking statements
About projections and forward-looking statements Additional information about Vista Oil & Gas, S.A.B. de C.V., a sociedad anónima bursátil de capital variable organized under the laws of Mexico (the “Company” or “Vista”) can be found in the “Investors” section on the website at www.vistaoilandgas.co
Slide 3: 3rd quarter 2019 highlights
3rd quarter 2019 highlights Includes natural gas liquids (NGL) and excludes flared gas, injected gas and gas consumed in operations Adj. EBITDA = Net (loss) / profit for the period + Income tax (expense) / benefit + Financial results, net + Depreciation + Restructuring expenses + Other adjustments N
Slide 4: Total production: growth driven by shale oil ramp-up
Total production Mboe/d Production Growth continues to be driven by significant shale oil ramp-up Oil production Mboe/d Natural gas production MMm3/d NGL production boe/d 24.2 29.0 31.6 20.3 18.8 14.8 1.68 1.50 1.38 761 741 731 +31% +37% +22% Previous quarter - unconventional Previous quarter - conv
Slide 5: Revenues and pricing
Crude oil average price $/bbl Natural gas average price $/MMBtu $MM Revenues Revenues and pricing Production growth offset by lower realized prices Mainly driven by lower realized prices During the first half of the quarter realized prices were 55.5 $/bbl, impacted by a lower Brent price and an expo
Slide 6: Opex: strong y-o-y lifting cost reduction
Total Opex $MM Opex per boe $/boe Includes crude oil stock fluctuation for 0.3 $MM Opex Strong y-o-y lifting cost reduction Decrease in lifting cost versus Q3 2018 mainly driven by shale production ramp-up with minimal incremental cost and continued right-sizing of operations Impact of Argentine pes
Slide 7: Adjusted EBITDA: maintained margins q-o-q
Adj. EBITDA(1) $MM Adj. EBITDA Margin % Adjusted EBITDA Maintained margins q-o-q in a low realization price environment Adj. EBITDA = Net (loss) / profit for the period + Income tax (expense) / benefit + Financial results, net + Depreciation + Restructuring expenses + Other adjustments Cost efficien
Slide 8: Financial overview: solid financial position
Financial debt breakdown As of September 30, 2019 5-year unsecured term loan 300.1 Local bonds in Argentina (2 & 3 years maturity) 100.1 Local debt in Argentina (US dollar denominated) 47.9 Total financial debt(2) 448.1 (-) Cash and cash equivalents 241.3 Net debt 206.9 Q3 2019 Vista consolidated ca
Slide 9: Vaca Muerta development (1/2)
Vaca Muerta development (1/2) First two pads are producing above expectations while drilling performance is still improving Average lateral length of 2,808 meters Average of the 4 wells after +95 days Average of the 4 wells after +215 days +55% (20%) Reduction in frac spacing drove increase in produ
Slide 10: Vaca Muerta development (2/2)
Vaca Muerta development (2/2) Producing in line with best operators in the basin Source: Ninety effective days cumulative oil production, based on Argentine Secretariat of Energy Chapter IV wells declared as horizontal and oil producers MdM-2029 includes 6.64 Mbbl and MdM-2030 7.16 Mbbl of October p
Slide 11: Closing remarks
Closing remarks Continued to increase efficiency in Vaca Muerta, both in drilling and productivity Significantly reduced lifting cost, leveraging unconventional production ramp-up with current conventional asset base Maintained EBITDA margin q-o-q despite lower realized prices Reduced capex to minim
Slide 12: Vista Oil & Gas
VISTA OIL&GAS
Vista Oil & Gas, S.A.B. de C.V. — Q3 2019 Earnings Presentation on 6ix