Transportadora De Gas Del Sur Sa Class B · BCBA:TGSU2
Transportadora De Gas Del Sur Sa Class B — Investor Presentation (October 2026)
23 slides from Transportadora De Gas Del Sur Sa Class B's investor presentation, October 2026
Slide 1: Investor Presentation
Investor Presentation October 2026 Transportadora de Gas del Sur S.A.
Slide 2: Shareholders and Management
Investor Presentation Shareholders and Management October 2026 Ownership structure Strong sponsorship from shareholders • Pampa Energía: Leading energy company with upstream O&G production, and strong presence in the power segment, providing experienced support. Argentine • Sielecki Group: Large pla
Slide 3: tgs is the backbone of the booming natural gas industry in Argentina
tgs is the backbone of the booming natural gas Investor Presentation October 2026 industry in Argentina Production Midstream - Collection - Treatment - Compression Services - Pipelines - Integrity Transportation - Engineering and Services - Operation and Maintenance - Special Services - Telecommunic
Slide 4: tgs at a Glance
Investor Presentation tgs at a Glance October 2026 Natural Gas Liquids Midstream and Transportation Other Services 1º 2º Vaca Muerta The Largest Gas Pipeline Natural Gas Shale Gas Transportation in Latin America Processor (183 km and 60 MMm3/d) VM Midstream and Conditioning (28 MMm3/d) Infrastructur
Slide 5: The Argentine natural gas industry
Investor Presentation The Argentine natural gas industry October 2026 Others 11% 3% Coal 1% Natural gas 8% Hydroelectricity 3% 52% Nuclear energy 4% 23% LTM* 9% Renewables 8% ARGENTINE NATURAL GAS ENERGY PRODUCTION MATRIX 2025 BY PRODUCERS (142 MMm3/D) 11% Oil 21% 32% 14% Source: Federal Energy Bure
Slide 6: tgs is the largest gas transportation company in Latin America
tgs is the largest gas transportation company in Latin America Investor Presentation October 2026 NATURAL GAS TRANSPORTATION REVENUES AND EBITDA (US$MM) FIRM AVERAGE CONTRACTED CAPACITY AND DELIVERIES (MMm3/d) Firm Average Contracted Capacity Deliveries 89.9 90.3 Revenues 410 503 503 82.6 82.5 82.6
Slide 7: Natural gas transportation tariff status
Investor Presentation Natural gas transportation tariff status October 2026 MATERIAL UPSIDE WITH HIGH TARIFF INCREASE IN 2024 AND POSITIVE 5 YEAR TARIFF REVISION April 2019 December 2019 December 2023 April 2024 April 2025 26% Tariff Emergency law and Emergency of the national Tariff 5YTR increase d
Slide 8: Transportation Capacity Expansion Project Proposal
Investor Presentation 14 MMm /d Transportation Capacity Expansion Project Proposal 3 October 2026 • To maximize tgs’ midstream business in Vaca Muerta. La Carlota – Tío Pujio Conditioning 120 km | 36" Norte • To replace more expensive LNG and Plant – Tratayén Pipeline - TGN diesel imports. Centro Oe
Slide 9: Our assets in Bahía Blanca
Investor Presentation Our assets in Bahía Blanca October 2026 CERRI COMPLEX (Production) 15 km GALVAN PLANT (Storage and Dispatching) 9
Slide 10: tgs is one of the largest producers of liquids in Argentina
tgs is one of the largest producers of liquids in Argentina Investor Presentation October 2026 LIQUIDS REVENUES AND EBITDA (US$MM) LIQUIDS PRODUCTION EVOLUTION (´000 MT) Ethane LPG Raw Gasoline 1,285 587 1,168 562 1,120 1,123 1,133 105 1,063 1,052 1,096 1,023 125 124 494 501 488 113 128 108 94 222 4
Slide 11: The vision was to expand conditioning, keeping pace with the development of VM
The vision was to expand conditioning, keeping pace with the development of VM SA) Amarillo SA) la Salina Sur Paso Bardas (YPF SA) Molina Norte El Churqui El Porton (YPF SA) Norte (YPF SA) Investor Presentation October 2026 (Total Austral SA) (YPF SA) (YPF SA) Fondo de la Chachahuen Legua/Block I Ch
Slide 12: Midstream service provider in Vaca Muerta
Investor Presentation 1 Midstream service provider in Vaca Muerta st October 2026 DAILY AVERAGE VOLUMES TRANSPORTED AND MIDSTREAM AND OTHER SERVICES REVENUES AND EBITDA (MMm /d) 3 CONDITIONED IN VACA MUERTA (MMm3/d) 269 253 Deliveries Conditioned 28.5 26.8 197 27.9 169 25.8 20.7 166 181 133 66% 67%
Slide 13: Tratayén conditioning plant
Investor Presentation Tratayén conditioning plant October 2026 2021 2023 2024 Expansion Mod. 1 Modules 2 and 3 Modules 4 and 5 2019 2.4MMm3/d 7.0 MMm3/d 13.2 MMm3/d Module 1 5.4 MMm3/d US$ 16 MM US$ 32 MM US$ 350 MM Total capacity: Total capacity: Total capacity: 7.8 MMm3/d 14.8 MMm3/d 28 MMm3/d 13.
Slide 14: Right time for tgs to develop Argentina's NGL value chain
Rising volumes, constrained infrastructure, and export opportunities make this the right time for tgs to develop Argentina’s NGL value chain Investor Presentation October 2026 San Juan La Rioja Tío Pujio Santa Fe Entre Ríos Córdoba • Bottleneck relief: Enabling oil production growth in Vaca Muerta r
Slide 15: NGLs Long-Term Strategic Export Project 2026-2030
San Juan La Rioja Investor Presentation NGLs Long-Term Strategic Export Project | 2026-2030 Tío Pujio Santa Fe Entre Ríos October 2026 Córdoba SPV1: tgs 100% SPV2: tgs 100% La Carlota San Luis Cardales tgs VACA MUERTA PIPELINE TRATAYÉN BAHÍA BLANCA Mercedes GALVÁN PORT (Storage and Dispatching Facil
Slide 16: Natural Gas-to-NGL physical flow
Natural Gas-to-NGL physical flow (production to export without commodity risk price) Investor Presentation October 2026 PRODUCERS & 1. Production 2. Gathering, 3. Y-grade 4. Fractionation 5. Storage and Export Gas is produced and Conditioning and Transportation Y-grade mix is split into Each product
Slide 17: Solid financial performance
Investor Presentation Solid financial performance October 2026 Revenue evolution EBITDA and EBITDA margin evolution US$mm US$mm 56% 49% 54% 49% 43% 54% 54% 39% 1,333 1,224 1,089 926 740 822 781 855 657 676 586 401 368 385 402 336 2019 2020 2021 2022 2023 2024 2025 LTM* 2019 2020 2021 2022 2023 2024
Slide 18: tgs' financial situation
Investor Presentation tgs’ financial situation October 2026 • Strong cash generation. Debt profile • High level of cash and financial investments: US$ 1,489 as US$mm 500 of 06/30/2026. 490 • Diversified revenues with dollar based contracts in the non regulated business. • Low level of debt, creating
Slide 19: Financial highlights
Investor Presentation Financial highlights October 2026 1ST SEMESTERS YEARS US$ MM 1 2026 2025 2025 2024 2023 Net revenues 700 591 1,224 1,089 855 Natural Gas Transportation 267 267 503 404 185 Liquids 298 205 468 488 501 Midstream and Other Services 136 120 253 197 169 EBITDA 405 325 657 586 334 Ne
Slide 20: Commitment to Sustainable Development Goals (SDGs)
Commitment to Sustainable Development Goals (SDGs) Investor Presentation October 2026 Priority objectives for tgs ENVIRONMENTAL SOCIAL GOVERNANCE 20
Slide 21: ESG Strategic Plan
Investor Presentation ESG Strategic Plan October 2026 Promote Reduce renewable Manage with GHG energy and Ethical Values, emissions improve Transparency, energy and Anti- efficiency Corruption Prevent Soil and Promote Groundwater Sustainable Contamination by Development Hydrocarbons of the Value Pre
Slide 22: Disclaimer and contact
For additional The material that follows is a presentation of general of various factors. These risks and uncertainties include, background information about Transportadora de Gas but are not limited to, changing business, regulatory, del Sur S.A. (“TGS” or the “Company”) as of the date of political
Slide 23: Thank you for joining us! Q&A
Thank you for joining us! Q&A tgse
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