Pampa Energia Sa · BCBA:PAMP

Pampa Energia Sa — Investor Presentation (September 2024)

34 slides from Pampa Energia Sa's investor presentation, September 2024

  1. Slide 1: Investor Presentation September 2024

    Rie] eh v G vO Atation rr Prasen ber 2024 We are environmentally friendly Be GREEN, keep it on SCREEN inVesto Septem i

  2. Slide 2: Disclaimer

    Disclaimer The material that follows is a presentation of general background information about Pampa Energia S.A.(“"Pampa” or the “Company”) as of the date of the presentation. It is information in summary form and does not purport to be complete. It is not intended to be relied upon as advice to po

  3. Slide 3: Who we are

    = Ea aS or Who we are

  4. Slide 4: Pampa Energía: a story of constant value creation

    Pampa Energía: a story of constant value creation EXPANSION GROWTH CURTAILED BY NEXT VALUE CURRENT INFRASTRUCTURE TO BE UNLOCKED Pampa Energía ⚫ 4

  5. Slide 5: Pampa is an Argentine company exclusively dedicated to the Argentine energy sector

    Pampa is an Argentine company exclusively dedicated to the Argentine energy Key milestones of Pampa Energía Today Shareholder base2 21% 55% 25% Pampa Energía ⚫ 5

  6. Slide 6: Our businesses and where we operate

    Our businesses and where we operate Power Generation Upstream Petrochemicals Midstream Transmission Pampa Energía ⚫ 6

  7. Slide 7: Pampa Energía at a glance

    Pampa Energía at a glance Key financial figures, in US$ million Revenues1,2 Adjusted EBITDA1,2 2,254 1,955 2,041 2,078 369 899 908 834 Affiliates 254 278 787 396 Affiliates 170 226 127 150 16% 15% 12% 14% RG 738 684 660 673 LTM Q2 24 LTM Q2 24 Capex2,3 LTM adjusted EBITDA breakdown2,4 892 65 761 58%

  8. Slide 8: Strong balance sheet

    Strong balance sheet Key leverage figures, as of June 30, 20241, US$ million Consolidated with Parent Company Affiliates at O/S3 affiliates at O/S 2 Debt 1,605 277 1,882 Cash 914 190 1,104 Net debt 691 87 778 LTM Adj. EBITDA 684 150 834 Gross leverage 2.3x 1.8x 2.3x Net leverage 1.0x 0.6x 0.9x Pampa

  9. Slide 9: Oil & gas exploration & production

    Oil & gas exploration & production

  10. Slide 10: Pampa is a leading independent gas producer in the country

    Pampa is a leading independent gas producer in the country Pampa is a key player in domestic gas Argentina’s unconventional gas market share2 #3 #3 Pampa 9% 14% Production from 12 blocks: 90.8 kboepd 814 83 exploration blocks mcm/d Natural gas: 14.5 mcmpd/85.4 kboepd 48% 94% 99% Pampa’s proven reser

  11. Slide 11: Rincón de Aranda: the next value to be unlocked

    Rincón de Aranda: the next value to be unlocked Development of shale oil to diversify our E&P matrix RdA's valuation comps VOLATILE OIL US$ @ BCS per acre ~7,000 WET GAS BLACK OIL RINCÓN DE ARANDA DRY GAS 1,689 591 Crude oil production in neighboring blocks • Sole ownership of the block In thousand

  12. Slide 12: Rincón de Aranda: promising results on the tied-in well

    Rincón de Aranda: the next value to be unlocked Promising results on the tied-in well <2,500m hz wells avg production, 2020-2024 campaign Development plan In bbl/d ⚫ Feb ‘24 1 DUC well tied-in Rincón de Aranda ⚫ Jun ‘24 Re-tied-in a previously shut-in well 2001H Qo = 1,352 bpd ⚫ Q3 24 – Q3 25 Drilli

  13. Slide 13: Natural gas: waiting for midstream expansions

    Natural gas: waiting for midstream expansions ToP contracts until 2028 for domestic sales and exports throughout the year Real and estimated gas production, in mcmpd Production increase1 ´20 vs. ´24 Pampa +7.6 +28 Avg gas production @ WI, in mcm/d Peak gas production @ WI, in mcm/d Annual price, in

  14. Slide 14: Oil and gas: shale gas increasing & great productivity in our wells

    Oil and gas Shale gas increasing & great productivity in our wells In kcmpd Average production per horizontal well – 2,500m branch SIERRA CHATA 12 wells EL MANGRULLO 14 wells Fortín de Piedra 97 wells Months In mcmpd Gas production 48% of Q2 24’s total gas output Shale gas production Pampa Energía ⚫

  15. Slide 15: Gas prices are highly seasonal and most under long-term GSAs

    Gas prices are highly seasonal and most under long-term GSAs Destination of our sales, LTM Q2 24 Natural gas prices as of July 2024, US$ per MBTU1 19.4 12.6 Pampa 12.0 5.8 Weighted average gas price for Pampa, in US$/MBTU 3.5 4.7 4.7 3.4 4.0 4.8 4.5 Plan Gas.Ar 4.0 3.2 3.6 peak price 2023 = 4.2 3.2

  16. Slide 16: C O & O ee OD C O oO Le O S O OW

    C O & O ee OD C O oO Le O S O OW

  17. Slide 17: We are a leading independent power producer in Argentina

    We are a leading independent power producer in Argentina Operating 16 power plants Argentina’s power generation across Argentina2 market share1 CEPU 15% Pampa 15% Gov't 5,426 MW installed capacity owned 144 YPF 9% 27% TWh + 45 MW under construction4 AES ENEL 5% 5,472 MW total capacity 2% Others 69%

  18. Slide 18: A sound power generation business

    A sound power generation business Based on PPAs and outstanding operating performance Legacy vs. new, as of June 30, 20241 Our thermal availability outnumbers peers 5,426 MW US$364 million New capacity 1 1,724 MW 32% 1 1 US$269M 1 74% 1 1 Legacy thermal 1 capacity 2,764 MW 1 51% 1 1 1 Legacy hydro U

  19. Slide 19: Growing our green energy contribution

    Growing our green energy contribution Gradual commissioning in PEPE 6 95% 26/31 windmills installed – 21/31 commissioned Vestas wind turbines x 4.5 MW each Full COD in October 2024 US$256 million Pampa Energía ⚫ 19

  20. Slide 20: Utilities

  21. Slide 21: TGS is the Argentine gas backbone

    TGS is the Argentine gas backbone Business overview 85 mcmpd Transportation capacity • 9,248 km Pipeline length • • 79% LTM load factor • Share of Argentina’s gas production2 • San Jorge • 8% Neuquén 71% % 18% Austral • • Noroeste 3% Corporate structure1 Sielecki 27.1% Safra 22.9% 50% 50% Free CIESA

  22. Slide 22: Transener operates the largest high voltage grid in Argentina

    Transener operates the largest high voltage grid in Argentina Business overview • ▪ ▪ • ▪ ▪ Corporate structure Free float Pampa Energía ⚫ 22

  23. Slide 23: Investing in energy: Bottom line

    investing in energy a aE Bottom line

  24. Slide 24: Pampa Energía: upsides and opportunities

    Pampa Energía: upsides and opportunities Pampa Energía ⚫ 24

  25. Slide 25: Contact

    a act i omni usta O MARIANI LIDA WANG THE PAMPA ENERGIA BUILDING ri.pampe com/en 4 CEO IR & sustainability officer Maipu 1 ; 1 investor@pampa.com ia = “ ] CI084ABA ’ tJ Ny \ iy ; Lio MINDLIN \ ual ‘ ~ 6 J " » } ay Argentina \ ‘ So > —_ 7 me #54 (11). 4344 6000 : : pee: {up ' 2 a energia

  26. Slide 26: Back Up

    = aMPdaenergia Back Up

  27. Slide 27: We are one of the country's largest employers

    We are one of the country’s largest employers Besides the parent company, Pampa concentrates the businesses the Group concentrates of power generation, E&P and 5% important subsidiaries such as petrochemicals Transener and TGS 2,006 4,826 7,288 28% 5% 47% Breakdown of direct employees 16% 15% 98% %

  28. Slide 28: Pampa is the benchmark in terms of sustainability

    Pampa is the benchmark in terms of sustainability Corporate governance +50% 4/10 5/10 Community US$2.6 million +91,000 people Quality, health, environment and safety ISO 14001 asset mgmt. ISO 55001 energy mgmt. ISO 50001 quality ISO 9001; ISO 45001 13% Significant year-on-year reduction in the inten

  29. Slide 29: OCP: The largest hydrocarbon transportation private company in Ecuador

    OCP: The largest hydrocarbon transportation private company in Ecuador OCP’s footprint Main financial indicators, in US$ million 158 133 129 138 123 56% 50% 24% 9% 0% Key highlights Shareholder structure • 485 km extension, 99% underground and capacity of 450 kbpd • Connects the Amazonas Storage Ter

  30. Slide 30: Q2 2024's key takeaways - consolidated figures

    Q2 2024’s key takeaways - consolidated figures, in US$ million Consolidated adjusted EBITDA1,2 Consolidated adjusted EBITDA breakdown1,2 +30% yoy 288 +54% qoq 61% 222 3% 187 ✓ ✓  41% % 36% 38% 45% 37%  5% 16% 39% Q2 24 Capex1 210 -28% yoy 134 151 +13% qoq   ✓ ✓ Q2 24 Pampa Energía ⚫ 30

  31. Slide 31: Q2 24 financial position

    Q2 24 financial position Improved DSO from CAMMESA positively impacted on WK Key cash flow figures for the Restricted Group, US$ million Q2 24 FCF = -US$60 million +US$31m yoy, +US$11m qoq +US$42m yoy +US$69m qoq Pampa Energía ⚫ 31

  32. Slide 32: Oil and gas

    Oil and gas Boosted local gas demand offset lower exports Adjusted EBITDA, in US$ million Lifting cost, in US$ million 121 +24% yoy 44 +79% qoq 97 40 38 Per boe ✓ -17% yoy 67  -7% qoq 48% 43% 51%  6.5 ✓ 5.8 5.3  Q2 24 Q2 24 Production performance, in kboe/d Crude oil production, in kbbl/d 68.6 71

  33. Slide 33: Power generation

    Power generation High availability offset by restrictive gas supply for thermal dispatch Adjusted EBITDA1, in US$ million Generation performance, in GWh 106 +9% yoy 5,928 98 +24% qoq 5,218 5,067 -3% yoy 86 ✓ -15% qoq ✓   52% 50% 57% ✓ ✓   ✓  Q2 24 Q2 24 Installed capacity, in MW 5,432 ✓ 5,377 5

  34. Slide 34: Petrochemicals

    Petrochemicals Reforming led the quarter Adj. EBITDA, in US$ million Sales performance, in thousand ton 1,205 15 +50% yoy 106 110 111 +5% yoy 10 11 +36% qoq similar qoq ✓ ✓ ✓ ✓ 9% 11% ✓ ✓ 8%   Q2 24 Q2 24 Q2 24 sales volume breakdown by market 44% % 56% Pampa Energía ⚫ 34

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