Slide 1: Investor Presentation November 2022
Documento: YPF-Público INVESTOR PRESENTATION NOVEMBER, 2022 Documento: YPF-Público
Slide 2: Important Notice
Documento: YPF-Público IMPORTANT NOTICE Safe harbor statement under the U.S. Private Securities Litigation Reform Act of 1995 (the “Private Securities Litigation Reform Act”). This document contains statements that YPF believes constitute forward-looking statements under within the meaning of the Pr
Slide 3: Agenda
Documento: YPF-Público AGENDA 01. COMPANY OVERVIEW 02. UPSTREAM 03. DOWNSTREAM 04. LATEST FINANCIAL RESULTS Documento: YPF-Público 3
Slide 4: Largest and Leading Company in Argentina
Documento: YPF-Público LARGEST AND LEADING COMPANY IN ARGENTINA Fuels Natural Gas Exports Other Local 01 YPF is the largest company in REVENUES Argentina – in terms of revenues – In Million of US$ with almost 100-year-old history. 02 Leading integrated player in the local 17,289 O&G industry. 15,291
Slide 5: Integrated Across the Entire Value Chain
Documento: YPF-Público INTEGRATED ACROSS THE ENTIRE VALUE CHAIN DOMESTIC MARKET DOMESTIC 83% Domestic prices (gasoline and CRUDE 99.6% MARKET diesel) 17% International prices REFINING (jet fuel, kerosene, fuel oil, LPG OIL PRODUCTION EXPORTS 92% and other) 222 0.4% 282 Kbbl/d Kbbl/d EXPORTS Internat
Slide 6: Profitability of Our Main Affiliates
Documento: YPF-Público PROFITABILITY OF OUR MAIN AFFILIATES EQUITY STAKE 50% 38% 75% 37% 100% LTM ADJ. EBITDA 3Q22 (US$ ) (1) 760 mn 271 mn 388 mn 81 mn 61 mn Seasonality in Execution of the 100 MW PV Solar 25 Kbbl/d of additional More Downstream agribusiness sector Basic Engineering for project, al
Slide 7: Deepening the Path to Low Cost and Low-Carbon Energy Production
Documento: YPF-Público DEEPENING THE PATH TO LOW COST AND LOW-CARBON ENERGY PRODUCTION BREAKDOWN OF DIRECT GHG EMISSIONS- BY BUSINESS (1) INTENSITY OF DIRECT GHG EMISSIONS UPSTREAM (1) % KgCO2e/ BOE UPSTREAM Upstream -17.9% UP-Unconventionals Downstream 56 G&E TARGET 25% 46 41 50% Total emissions 20
Slide 8: 02. Upstream
Documento: YPF-Público AGENDA 01. COMPANY OVERVIEW 02. UPSTREAM 03. DOWNSTREAM 04. LATEST FINANCIAL RESULTS Documento: YPF-Público 88
Slide 9: Dominant Upstream Position with Operations in All Productive Basins
Documento: YPF-Público DOMINANT UPSTREAM POSITION WITH OPERATIONS IN ALL PRODUCTIVE BASINS UPSTREAM PORTFOLIO (1) TOTAL PRODUCTION (2) Other Market share breakdown (%) 34% A NOROESTE PRODUCTION: A 4.1 mm boe % LIQUIDS: % GAS: 12% 88% B CUYANA PRODUCTION: 5.1 mm boe B % LIQUIDS: % GAS: CRUDE OIL PROD
Slide 10: Largest O&G Producer with Shale Leading Future Growth
Documento: YPF-Público LARGEST O&G PRODUCER WITH SHALE LEADING FUTURE GROWTH TOTAL PRODUCTION NET SHALE PRODUCTION Shale Oil Shale Gas Crude Oil Natural Gas NGL KBOE/D KBBL/D & KBOE/D 555 108 530 514 504 +3.2x +4.8x 467 470 77 68 48 50 53 35 39 16 14 23 28 2017 2018 2019 2020 2021 3Q22 2017 2018 201
Slide 11: Still at an Early Stage of Development within Vaca Muerta Acreage
Documento: YPF-Público WE ARE STILL AT AN EARLY STAGE OF DEVELOPMENT WITHIN OUR VACA MUERTA ACREAGE STRATEGIC PARTNERS Vaca Muerta´s Total Acreage and YPF´s Share Million Acres VM Acreage Gross Net 3.0 2.6 1.6 1.2 1.1 0.6 Oil Gas LC(1) LACH(2) BS(3) AdlA(4) RdM(5) EO(6) Gross Acres 97,606 46,594 56,
Slide 12: Record High Reserve Replacement Ratio Driven by Shale Additions
Documento: YPF-Público RECORD HIGH RESERVE REPLACEMENT RATIO DRIVEN BY SHALE ADDITIONS EVOLUTION OF HYDROCARBON PROVED RESERVES Shale 2021 P1 RESERVES BREAKDOWN Other 6 Million BOE % +24% 1,080 1,073 1,143 929 19% 922 38 8% 31% 49% 56 39% Crude Oil Natural Gas NGL 2017 2018 2019 2020 2021 EVOLUTION
Slide 13: 03. Downstream
Documento: YPF-Público AGENDA 01. COMPANY OVERVIEW 02. UPSTREAM 03. DOWNSTREAM 04. LATEST FINANCIAL RESULTS Documento: YPF-Público 13
Slide 14: Downstream Portfolio: Nationwide Downstream Network
Documento: YPF-Público NATIONWIDE DOWNSTREAM NEWTWORK DOWNSTREAM PORTFOLIO REFINING Over 50% of Argentina’s refining capacity, operating 3 wholly-owned refineries with D A LUJÁN DE CUYO 328.1 Kbbl/d capacity (2)(3). CAPACITY: 1 ENSENADA 114 Kbbl/d High level of conversion and complexity. CAPACITY: 1
Slide 15: Leading Player in the Local Downstream Segment
Documento: YPF-Público LEADING PLAYER IN THE LOCAL DOWNSTREAM SEGMENT Exports Other Local SALES OF REFINED PRODUCTS Jet Fuel Gasoline GASOLINE & DIESEL SALES (1) KM3 Diesel Market share breakdown (%) Other 6% 17,910 17,783 18,726 6% 20,000 18,032 17,666 18,000 14,970 12% 16,000 14,000 12,000 10,000
Slide 16: 04. Latest Financial Results
Documento: YPF-Público AGENDA 01. COMPANY OVERVIEW 02. UPSTREAM 03. DOWNSTREAM 04. LATEST FINANCIAL RESULTS Documento: YPF-Público 16
Slide 17: Main Highlights 3Q 2022
Documento: YPF-Público MAIN HIGHLIGHTS 3Q 2022 Improved pricing across our business PRODUCTION Adj. EBITDA (1) NET INCOME segments BOE/D US$ US$ 504k 1,498mn 678mn Achieving new records in operational metrics on shale operations +2% Y/Y +30% Y/Y +2.9x Y/Y Macroeconomic environment adding to CAPEX OP
Slide 18: Another Quarter with Positive Free Cash Flow, Strong Liquidity
Documento: YPF-Público ANOTHER QUARTER WITH POSITIVE FREE CASH FLOW, ACCUMMULATING US$2.2 BILLION SINCE 3Q20, MAINTAINING A STRONG LIQUIDITY POSITION CONSOLIDATED STATEMENT OF ADJUSTED CASH FLOW (1) CUMULATIVE FREE CASH FLOW Quarterly FCF IN MILLIONS OF US$ IN MILLIONS OF US$ 2500 2,239 1,976 2000 1
Slide 19: Further Deleveraging While Maintaining Manageable Short-Term Maturities
Documento: YPF-Público FURTHER DELEVERAGING, WHILE MAINTAINING MANAGEABLE SHORT-TERM MATURITIES Liquidity covers over 18 Lowest net leverage months of debt ratio since 2Q15 maturities CONSOLIDATED PRINCIPAL DEBT AMORTIZATION SCHEDULE (1) NET DEBT & NET LEVERAGE RATIO IN MILLIONS OF US$ (1) As of Sep
Slide 20: Investor Center
INVESTOR CENTER