Vista Energy Sab De Cv Class A · BMV:VISTA/A
Vista Energy Sab De Cv Class A — FY2022 Earnings Presentation
18 slides from Vista Energy Sab De Cv Class A's earnings presentation, Feb 24, 2023
Slide 1: Fourth Quarter and Full Year 2022 Earnings Webcast
Fourth and Full Quarter Year 2022 Earnings Webcast February 24, 2023
Slide 2: About projections and forward-looking statements
About projections and forward-looking statements Additional information about Vista Energy, 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.com.
Slide 3: Consistently delivering strong operational and financial performance: Q4 2022 highlights
Consistently delivering strong operational and financial performance Q4 2022—HIGHLIGHTS Production (1) Oil Production Revenues Lifting Cost (2) CAPEX (3) 54.7 Mboe/d 45.7 Mbbl/d 308 $MM 7.2 $/boe 145 $MM +33% y-o-y +41% y-o-y +57% y-o-y (11)% y-o-y +49% y-o-y Adj. EBITDA (4) Free Cash Flow (5) Net L
Slide 4: Production growth driven by solid performance in Vaca Muerta
Production growth driven by solid performance in Vaca Muerta Production growth driven by the tie-in of 4-well pad AF-3 in Aguada Federal and 4-well pad BPO-14 in Bajada del Palo Oeste Total shale oil production was 36.2 Mbbl/d, representing 79% of total oil production (1) LPG production in Q4 2022 t
Slide 5: Vaca Muerta development update
Vaca Muerta development update BAJADA DEL PALO OESTE—Core development Solid performance to date, with 60 wells tied-in and producing on average 3% above BPO type curve for the first 360 days (1) Completed and tied-in 5-well pad BPO-15 in Dec-22 (3 wells landed in La Cocina, 2 in Orgánico) Started dr
Slide 6: Strong y-o-y revenue growth
Strong y-o-y revenue growth REVENUES AVERAGE CRUDE OIL PRICE AVERAGE NATURAL GAS PRICE $MM $/bbl $/MMBtu +65% +57% +14% 333.6 4.4 4.5 308.1 76.6 60.6 68.9 196.0 2.7 53% 55% 36% Q4-21 Q3-22 Q4-22 Q4-21 Q3-22 Q4-22 Q4-21 Q3-22 Q4-22 Total Revenues % of export in total revenues Strong increase y-o-y, d
Slide 7: Continued to achieve cost efficiencies
Continued to achieve cost efficiencies LIFTING COST (1) LIFTING COST PER BOE (1) $MM $/boe +19% (11)% 8.0 34.8 36.1 7.5 30.3 7.2 54.7 50.7 41.1 Q4-21 Q3-22 Q4-22 Q4-21 Q3-22 Q4-22 Lifting cost per boe Total production (Mboe/d) Implemented tactical cost-saving initiatives to contain the impact of rea
Slide 8: Robust y-o-y adjusted EBITDA growth
Robust y-o-y adjusted EBITDA growth ADJ. EBITDA (1) ADJ. EBITDA MARGIN NETBACK (2) $MM % $/boe 73% +6p.p. +30% 233.7 70% 50.1 201.7 65% 59% 40.1 30.8 116.5 76.6 68.9 60.6 Q4-21 Q3-22 Q4-22 Q4-21 Q3-22 Q4-22 Q4-21 Q3-22 Q4-22 Adj. EBITDA margin Realized crude oil price ($/bbl) Adj. EBITDA y-o-y incre
Slide 9: Another positive free cash flow quarter
Another positive free cash flow quarter 9 FREE CASH FLOW (1) DEBT MATURITIES SCHEDULE $MM $MM Cross border (3) Local 244 62.8 57.2 160 44.4 138 114 76 45 Q4-21 Q3-22 Q4-22 Cash as of (2)(4) 2023 2024 2025 2026 2027-31 YE 2022 (as of Jan 20) Recorded another positive free cash flow quarter, for a tot
Slide 10: Delivered on our superior shareholder return proposition in 2022
Delivered on our superior shareholder return proposition in 2022 Full year 2022—HIGHLIGHTS 495% +32% 25% +3x Reserves replacement ratio Oil production y GHG intensity y Stock performance Increased P1 reserves and well inventory Delivered solid operating performance Strong progress in sustainability
Slide 11: Increased proved reserves by 39%
Increased proved reserves by 39% Proved reserves as of December 31, 2022 (1) Key drivers MMboe Added 40 new well locations in Aguada Federal, 32 in Bajada del Palo Oeste, 4 in Bajada del Palo Este, resulting in a total of 210 booked well locations Proved reserves breakdown In MMboe Oil (3) Gas Total
Slide 12: Achieved significant operating milestones during 2022
Achieved significant operating milestones during 2022 TOTAL PRODUCTION Mboe/d Increased shale oil Aguada Federal Bajada del Palo Este ~2x wells on production Completed and tied-in 6 Completed and tied-in +25% 48.6 from 40 wells at YE-21 wells, incorporating it to 2 wells as part of to 68 wells at YE
Slide 13: Solid progress on all ESG fronts
Solid progress on all ESG fronts Environment Initiated NBS projects execution Recorded GHG emissions intensity of 18 kgCO2e/boe for the year, a 25% y-o-y reduction. Q4-22 GHG emissions intensity was 14 kgCO2e/boe (1) Set up Aike to design, manage and execute our carbon offset Signed renewable power
Slide 14: Delivered robust total shareholder returns
Delivered robust total shareholder returns FREE CASH FLOW (1) NET LEVERAGE RATIO Vista share price performance (4) $MM x Adj. EBITDA $/Share 197.1 3.5x 20 105.9 2022: +3x 0.8x 0.4x 15 (62.3) YE2020 YE2021 YE2022 2020 2021 2022 10 ROACE (2) ADJ. EPS (3) % $/share 40% 4.2 5 17% 0.9 0 (5)% Jan-22 Mar-2
Slide 15: Enhancing focus on shale operations to strengthen shareholder returns
Enhancing focus on shale operations to strengthen shareholder returns DEAL BASICS Vista entered into a two-phased agreement with Petrolera Aconcagua, which will become operator of certain conventional concessions as of March 1, 2023, and pay 100% of opex, capex, royalties and taxes Vista to remain c
Slide 16: 2023 Guidance
2023 Guidance (1) TIE-INS PRODUCTION LIFTING COST (2) # wells +4% Mboe/d $/boe 29 +13% (27)% 28 55 7.5 48.6 5.5 2022A 2023F 2022A 2023F 2022A 2023F New well tie-ins: 16 in BPO, 8 in Aguada Forecasting solid y-o-y growth every Rebased cost structure driven by Federal and 3 in BPE and 2 in Aguila Mora
Slide 17: Closing remarks
Closing remarks 2022 Results 2022 Returns 2023 Focus 2023 Guidance Completed a year Delivered on our Signed innovative Expecting a of robust superior total agreement to double-digit operational and shareholder return become a fully- growth in financial proposition by focused Vaca production and perf
Slide 18: THANKS! Q&A
THANKS! Q&A
Vista Energy, S.A.B. de C.V. — FY2022 Earnings Presentation on 6ix