Transportadora De Gas Del Sur Sa Class B · BCBA:TGSU2
Transportadora De Gas Del Sur Sa Class B — Investor Presentation (March 2026)
23 slides from Transportadora De Gas Del Sur Sa Class B's investor presentation, March 2026
Slide 1: Investor Presentation March 2026
Investor Presentation March 2026 Transportadora de Gas del Sur S.A.
Slide 2: Shareholders and Management
Investor Presentation Shareholders and Management March 2026 Ownership structure Strong sponsorship from shareholders • Pampa Energía is a leading energy company with upstream O&G production Argentine providing experienced support. Pension Fund • Sielecki group is a large player in the 25.33% petroc
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 March 2026 industry in Argentina Production Midstream - Collection - Treatment - Compression Services - Pipelines - Integrity Transportation - Engineering and Services - Operation and Maintenance - Special Services - Telecommunicat
Slide 4: tgs at a Glance
Investor Presentation tgs at a Glance March 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 (182 km and 60 MMm3/d) VM Midstream and Conditioning (28 MMm3/d) Infrastructure
Slide 5: The Argentine natural gas industry
Investor Presentation The Argentine natural gas industry March 2026 Others 10% 2% Coal 1% Natural gas 8% Nuclear energy 3% 53% 24% Hydroelectricity 4% 2025 9% Renewables 7% ARGENTINE NATURAL GAS ENERGY MATRIX PRODUCTION 2024 BY PRODUCERS (141MMm3/D) 11% 23% Oil 32% 13% Source: Federal Energy Bureau
Slide 6: tgs is the largest gas transportation company in Latin America
tgs is the largest gas transportation company in Latin America Investor Presentation March 2026 NATURAL GAS TRANSPORTATION REVENUES AND EBITDA (US$MM) FIRM AVERAGE CONTRACTED CAPACITY AND DELIVERIES (MMm3/d) Firm Average Contracted Capacity Deliveries 89.9 Revenues 410 503 81.7 82.6 82.5 82.6 83.0 8
Slide 7: Natural gas transportation tariff status
Investor Presentation Natural gas transportation tariff status March 2026 MATERIAL UPSIDE WITH HIGH TARIFF INCREASE IN 2024 AND POSITIVE 5 YEAR TARIFF REVISION April 2019 December 2019 December 2023 April 2024 April 2025 26% Tariff Emergency law and Emergency of the national Tariff 5YTR increase dec
Slide 8: Transportation Capacity Expansion Project Proposal
Investor Presentation 14 MMm /d Transportation Capacity Expansion Project Proposal 3 March 2026 • To maximize tgs’ midstream business in Vaca Muerta. La Carlota – Tío Pujio Conditioning 120 km | 36" Norte • To replace more expensive LNG and Plant – Tratayén Pipeline - TGN diesel imports. Centro Oest
Slide 9: Our assets in Bahía Blanca
Investor Presentation Our assets in Bahía Blanca March 2026 CERRI COMPLEX (Production) 15 km GALVAN PLANT (Storage and Dispatching) 9
Slide 10: tgs is one of the largest producers of liquids in Argentina
tgs is one of the largest producers of liquids in Argentina Investor Presentation March 2026 LIQUIDS REVENUES AND EBITDA (US$MM) LIQUIDS PRODUCTION EVOLUTION (´000 MT) Ethane LPG Raw Gasoline 587 1,168 1,120 1,123 1,133 1,063 1,052 1,096 1,023 125 124 494 501 488 113 128 108 94 222 468 122 Revenues
Slide 11: Climate event in Bahía Blanca - Impact on the Cerri Complex
Investor Presentation Climate event in Bahía Blanca - Impact on the Cerri Complex March 2026 On Friday, March 7, 2025, extraordinary rainfall was recorded in Bahía Blanca and its surrounding areas, reaching a total of 312 mm (12.2 in) over a continuous 24-hour period, thus surpassing historical reco
Slide 12: Climate event in Bahía Blanca - Impact on the Cerri Complex
Investor Presentation Climate event in Bahía Blanca - Impact on the Cerri Complex March 2026 Staff Count 289 colaborators The total number of employees Daily Average visitors 147 people per day The average number of people served daily Daily Man-Hours 1,617 hours The total hours worked by staff each
Slide 13: 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 March 2026 (Total Austral SA) (YPF SA) (YPF SA) Fondo de la Legua/Block I Chachahuen Chap
Slide 14: Midstream service provider in Vaca Muerta
Investor Presentation 1 Midstream service provider in Vaca Muerta st March 2026 DAILY AVERAGE VOLUMES TRANSPORTED AND MIDSTREAM AND OTHER SERVICES REVENUES AND EBITDA (MMm /d) 3 CONDITIONED IN VACA MUERTA (MMm3/d) 253 Deliveries Conditioned 197 26.8 169 166 20.7 66% 25.8 133 16.9 114 111 68% 66% 11.
Slide 15: Tratayén conditioning plant
Investor Presentation Tratayén conditioning plant March 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 13.2
Slide 16: NGL project under evaluation
Investor Presentation NGL project under evaluation March 2026 • Natural gas processing plant (40 MMm3/d • 100% for exports. and 2.8 MM MT annual production of LPG • Executable under RIGI (tax benefits). and raw gasoline) in Tratayén. • Solution project for natural gas and • Poliduct from Tratayén to
Slide 17: Solid financial performance
Investor Presentation Solid financial performance March 2026 Revenue evolution EBITDA and EBITDA margin evolution US$mm US$mm 48% 49% 54% 49% 43% 54% 54% 39% 1,224 1,089 904 822 926 855 781 657 676 586 437 401 368 385 402 336 2018 2019 2020 2021 2022 2023 2024 2025 2018 2019 2020 2021 2022 2023 2024
Slide 18: tgs' financial situation
Investor Presentation tgs’ financial situation March 2026 • Strong cash generation. Debt profile • High level of cash and financial investments: US$ 1,243 as US$mm 500 of 12/31/2025. 490 • Diversified revenues with dollar based contracts in the non regulated business. • Low level of debt, creating a
Slide 19: Financial highlights
Investor Presentation Financial highlights March 2026 YEARS US$ MM1 2025 2024 2023 Net revenues 1,224 1,089 855 Natural Gas Transportation 503 404 185 Liquids 468 488 501 Midstream and Other Services 253 197 169 EBITDA 657 586 334 Net financial expense (43) 24 (90) Net income 289 359 29 Cash and Cas
Slide 20: Commitment to Sustainable Development Goals (SDGs)
Commitment to Sustainable Development Goals (SDGs) Investor Presentation March 2026 Priority objectives for tgs ENVIRONMENTAL SOCIAL GOVERNANCE 20
Slide 21: ESG Strategic Plan
Investor Presentation ESG Strategic Plan March 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 Prese
Slide 22: Disclaimer and investor 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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