Vista Energy Sab De Cv Class A · BMV:VISTA/A
Vista Energy Sab De Cv Class A — Q2 2024 Earnings Presentation
11 slides from Vista Energy Sab De Cv Class A's earnings presentation, Jul 12, 2024
Slide 1: Second Quarter 2024 Earnings Webcast
Second Quarter 2024 Earnings Webcast July 12, 2024
Slide 2: About projections and forward-looking statements
02 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.vistaenergy.com.
Slide 3: Strong interannual growth across key metrics
03 Strong interannual growth across key metrics Q2 2024 HIGHLIGHTS Production (1) Oil Production Revenues Lifting Cost (2) CAPEX (3) 65.3 Mboe/d 57.2 Mbbl/d 397 $MM 4.5 $/boe 346 $MM +40% y-o-y +46% y-o-y +66% y-o-y (6)% y-o-y +93% y-o-y +19% q-o-q +21% q-o-q Adj. EBITDA (4) Adj. Net Income (5) Adj.
Slide 4: Double-digit production growth driven by solid performance in Vaca Muerta
04 Double-digit production growth driven by solid performance in Vaca Muerta TOTAL PRODUCTION (1) OIL PRODUCTION NATURAL GAS PRODUCTION Mboe/d Mbbl/d MMm3/d +40% +46% +17% +19% +21% +5% 65.3 57.2 55.0 47.3 1.26 1.08 1.20 46.6 39.2 Q2-23 Q1-24 Q2-24 Q2-23 Q1-24 Q2-24 Q2-23 Q1-24 Q2-24 ▪ Interannual p
Slide 5: Solid execution of development hub activity schedule
05 Solid execution of development hub activity schedule DEVELOPMENT HUB Q2-24 PROGRESS TREATMENT AND TRANSPORTATION CAPACITY EXPANSION Tied-in 25 wells YTD, leaving us on track to deliver 50-54 tie-ins by YE PAD NAME NUMBER OF WELLS TIE-IN BPE-4 3 Mid April Upgraded crude oil treatment capacity from
Slide 6: Oil production and prices drive solid revenue growth
06 Oil production and prices drive solid revenue growth REVENUES (1) AVERAGE CRUDE OIL PRICE AVERAGE NATURAL GAS PRICE $MM $/bbl $/MMBtu +12% +66% +25% 71.8 70.3 396.7 64.3 3.9 3.9 317.4 2.8 239.6 Q2-23 Q1-24 Q2-24 Q2-23 Q1-24 Q2-24 Q2-23 Q1-24 Q2-24 % of export in total revenues 49% 41% 40% Oil exp
Slide 7: Low cost, fully-focused shale oil producer
07 Low cost, fully-focused shale oil producer LIFTING COST (1) LIFTING COST PER BOE (1)(2) $MM $/boe +31% (6)% 26.7 4.8 21.6 4.3 4.5 20.3 65.3 55.0 46.6 Q2-23 Q1-24 Q2-24 Q2-23 Q1-24 Q2-24 Lifting cost per boe Total production (Mboe/d) ▪ Interannual increase driven by higher costs in gathering, proc
Slide 8: Robust increase in Adj. EBITDA
08 Robust increase in Adj. EBITDA ADJ. EBITDA (1) ADJ. EBITDA MARGIN (2) NETBACK (3) $MM % $/boe +90% +7pp +35% p.p. p.p. +31% 288.4 +10% 68% 70% 63% 48.5 220.6 44.0 35.8 151.8 70.3 71.8 64.3 Q2-23 Q1-24 Q2-24 Q2-23 Q1-24 Q2-24 Q2-23 Q1-24 Q2-24 Adj. EBITDA margin Realized crude oil price ($/bbl) ▪
Slide 9: FCF turned positive, even as we accelerated capex
09 FCF turned positive, even as we accelerated capex 9 Q2 2024 CASH FLOW EVOLUTION (1) FREE CASH FLOW (3) $MM $MM 8 (85) (84) Beginning of period Operating activities Investing activities Financing activities End of period Q2-23 Q1-24 Q2-24 cash position cash flow cash flow cash flow (2) cash positi
Slide 10: Closing remarks
10 Closing remarks Robust production increase driven by acceleration of activity in shale oil development LTM Adj. EBITDA surpassed 1 $Bn, on the back of strong well productivity, solid pricing and cost efficiency Secured second frac set, adding flexibility to potentially accelerate our plan in 2025
Slide 11: Thanks! Q&A
VISTA ENERGY FOR TOMORROW THANKS! Q&A
Vista Energy S.A.B. de C.V. — Q2 2024 Earnings Presentation on 6ix