Vista Energy Sab De Cv Class A · BMV:VISTA/A
Vista Energy Sab De Cv Class A — Q3 2020 Earnings Presentation
11 slides from Vista Energy Sab De Cv Class A's earnings presentation, Oct 29, 2020
Slide 1: Third quarter 2020 Earnings webcast
Third quarter 2020 Earnings webcast October 29, 2020
Slide 2: About projections and forward-looking statements
About projections and forward-looking statements All figures correspond to consolidated figures of Vista Oil & Gas S.A.B. de C.V. unless otherwise stated. Additional information about Vista Oil & Gas, S.A.B. de C.V., a sociedad anónima bursátil de capital variable organized under the laws of Mexico
Slide 3: Q3 2020 key metrics and highlights
Q3 2020 key metrics and highlights Solid recovery of key operational and financial metrics 25.4 Mboe/d 17.5 Mbbl/d 70 $MM 9.9 $/boe Production(1) Oil Production Revenue Lifting Cost +7% q-o-q +12% q-o-q +37% q-o-q 24 $MM 37 $MM 225 $MM 297 $MM Adj. EBITDA(2) CAPEX Cash at end of period Net debt (3)
Slide 4: Production
Production Sequential recovery in oil production Total production(1) Oil production Natural gas production Mboe/d Mbbl/d MMm3/d (20)% (14)% (31)% +12% 15.1 31.6 20.3 1.68 25.4 17.5 23.8 15.7 1.20 1.16 Q3 2019 Q2 2020 Q3 2020 Q3 2019 Q2 2020 Q3 2020 Q3 2019 Q2 2020 Q3 2020 ▪ Q-o-q oil production grow
Slide 5: Revenues and pricing
Revenues and pricing Strong q-o-q revenues recovery driven by production increase and stronger prices Revenues Crude oil average price Natural gas average price $MM $/bbl $/MMBtu (34)% (20)% (37)% +48% +37% 105.4 48.7 3.5 39.1 69.9 51.2 26.5 2.2 2.2 Q3 2019 Q2 2020 Q3 2020 Q3 2019 Q2 2020 Q3 2020 Q3
Slide 6: Lifting Cost
Lifting Cost Re-based cost structure led to a flat lifting cost per boe Lifting Cost (1) Lifting Cost per boe $MM $/boe +1% (19)% 28.4 9.8 9.9 8.6 23.0 18.6 Q3 2019 Q2 2020 Q3 2020 Q3 2019 Q2 2020 Q3 2020 ▪ Restored well maintenance and other oilfield services activity levels ▪ Lifting cost savings
Slide 7: Adjusted EBITDA
Adjusted EBITDA Strong improvement q-o-q Adj. EBITDA(1) Realized price YTD $MM $/bbl Adj. EBITDA margin 43.0 39.1 44% 26.5 Q1 2020 Q2 2020 Q3 2020 35% Production YTD 46.6 Mboe/d 20% 24.2 26.5 25.4 23.8 10.2 Q1 2020 Q2 2020 Q3 2020 Q3 2019 Q2 2020 Q3 2020 Revenues YTD $MM ▪ Sequential improvement in
Slide 8: Financial overview
Financial overview Restarted investing activities and maintained positive net cash flow Q3 2020 cash flow $MM Highlights ▪ Cash and cash equivalents increased 4.3 $MM q-o-q ▪ Cash flow from investing activities do not include 14.2 $MM accrued and unpaid capital expenditures ▪ Raised 30 $MM in bond i
Slide 9: Vaca Muerta development
Vaca Muerta development Continued improvement in well cost and productivity Key D&C metrics Vaca Muerta wells productivity(2) Mboe 350 Vista wells Vista average well Vista type curve(3) Drilling speed Drilling cost per lateral ft(1) ft/day $/ft 300 +81% (21)% Vista average well 864 250 performing 13
Slide 10: Closing remarks
Closing remarks Solid recovery of key operational and financial metrics, including production, revenues and Adjusted EBITDA Restarted drilling and completion activity in our Bajada del Palo Oeste project, on the back of lower development cost and price recovery Completed pad #4 below budget, achievi
Slide 11: THANKS! Q&A
THANKS! Q&A 11