Transportadora De Gas Del Sur Sa Class B · BCBA:TGSU2
Transportadora De Gas Del Sur Sa Class B — Gas Transporter of the South — Q3 2022 Earnings Presentation
18 slides from Transportadora De Gas Del Sur Sa Class B's earnings presentation, Nov 7, 2022
Slide 1: 3Q2022 Earnings Release: Analysis of the results
Operating profit for 3Q2022 amounted to Ps. 7,425 million, Ps. 1,996 million lower compared to 3Q2021. This variation was mainly due to: Ø Lower revenues from the Production and Commercialization of Natural Gas Liquids (Liquids) and Natural Gas Transportation segments amounting to Ps. 1,145 million
Slide 2: Breakdown of operating costs and expenses
The breakdown of operating costs, administrative and commercialization expenses , for 3Q2022 and 3Q2021 is shown in the table below:
Slide 3: Natural Gas Transportation
Natural Gas Transportation Operating loss of the Natural Gas Transportation segment was Ps. 50 million in 3Q2022 as compared to the operating profit of Ps. 1,945 million in 3Q2021.
Slide 4: Natural gas transportation revenues share
Natural gas transportation revenues accounted for approximately 27% and 29% of total revenues in 3Q2022 and 3Q2021, respectively. Revenues from this segment are derived mainly from firm natural gas transportation contracts which represent approximately 84% and 81%, respectively, of the total revenue
Slide 5: Liquids Production and Commercialization
This tariff segment, subject to ENARGAS regulation, received its last tariff increase of 60% on March 1, 2022 following three years of no increments. Transportadora de Gas del Sur S.A. 4 3672 Don Bosco St. (1206), Autonomous City of Buenos Aires, Argentina. https://www.tgs.com.ar/investors/Press-rel
Slide 6: Liquids operating profit variation
Operating profit in this business segment during 3Q2022 was Ps. 284 million below 3Q2021, reaching Ps. 5,200 million (compared to Ps. 5,484 million recorded in 3Q2021). This variation stems mainly from lower revenues of Ps. 1,145 million and higher tax on exports charge of Ps. 205 million. These eff
Slide 7: Other Services and Telecommunications
These effects were partially offset by the increase in international reference prices of Ps. 503 million, the nominal variation in the exchange rate on U.S. dollar-denominated revenues of Ps. 3,498 million and the higher price of ethane of Ps. 1,987 million. Transportadora de Gas del Sur S.A. 5 3672
Slide 8: Other Services operating profit increase
Operating profit increased by Ps. 282 million mainly as a result of a Ps. 603 million increase in revenues in 3Q2022, which was partially offset by the increase in the operating costs of Ps. 321 million. The increase in revenues was primarily explained by higher natural gas transportation and condit
Slide 9: Financial position analysis
Financial position analysis Net debt As of September 30, 2022, our net debt amounted to Ps. 8,372 million compared to Ps. 20,655 million as of December 31, 2021. Our total net financial debt is denominated in US dollars for both periods and is shown in Argentine pesos in the table below. The table b
Slide 10: Liquidity and capital resources
Liquidity and capital resources The net variation in cash and cash equivalents for 3Q2022 and 3Q2021 was as follows:
Slide 11: Fund allocations
As of September 30, 2022 and December 31, 2021, fund allocations were as follows:
Slide 12: Reconciliation of free cash flows
Transportadora de Gas del Sur S.A. 7 3672 Don Bosco St. (1206), Autonomous City of Buenos Aires, Argentina. https://www.tgs.com.ar/investors/Press-releases 3Q2022 EARNINGS RELEASE Below is a reconciliation of the free cash flows for the 3Q2022 and 3Q2021:
Slide 13: 3Q2022 vs. 3Q2021 cash flow
3Q2022 vs. 3Q2021 During 3Q2022, cash flow provided by operating activities amounted to Ps. 8,759 million, Ps. 742 million higher than 3Q2021, and is mainly explained by a decrease in working capital.
Slide 14: Financial Information for the three and nine-month periods
Transportadora de Gas del Sur S.A. Financial Information for the three and nine-month periods ended September 30, 2022 and 2021 (in millions of Argentine pesos, except for per share and er ADS information in pesos or where otherwise indicated) 392022 302021 9M2022 9m2021 Natural Gas Transportation 8
Slide 15: 3672 Don Bosco St. RELEASE
Transportadora de Gas del Sur S.A. 10 3672 Don Bosco St. (1206), Autonomous City of Buenos Aires, Argentina. https://www.tgs.com.ar/investors/Press-releases 3Q2022 EARNINGS RELEASE
Slide 16: 3672 Don Bosco St. RELEASE
Transportadora de Gas del Sur S.A. 11 3672 Don Bosco St. (1206), Autonomous City of Buenos Aires, Argentina. https://www.tgs.com.ar/investors/Press-releases 3Q2022 EARNINGS RELEASE
Slide 17: 3672 Don Bosco St. RELEASE
Transportadora de Gas del Sur S.A. 12 3672 Don Bosco St. (1206), Autonomous City of Buenos Aires, Argentina. https://www.tgs.com.ar/investors/Press-releases 3Q2022 EARNINGS RELEASE
Slide 18: Signatures
Transportadora de Gas del Sur S.A. 13 3672 Don Bosco St. (1206), Autonomous City of Buenos Aires, Argentina. https://www.tgs.com.ar/investors/Press-releases SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its
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