Vista Energy Sab De Cv Class A · BMV:VISTA/A
Vista Energy Sab De Cv Class A — Q1 2024 Earnings Presentation
11 slides from Vista Energy Sab De Cv Class A's earnings presentation, Apr 25, 2024
Slide 1: First Quarter 2024 Earnings Webcast
First Quarter 2024 Earnings Webcast April 25, 2024
Slide 2: About projections and forward-looking statements
02 About projections and forward-looking statements Additional information about Vista Energy, S.A.B. de C.V., a sociedad anónima bursátil de capital variable organized under the laws of Mexico (the “Company” or “Vista”) can be found in the “Investors” section on the website at www.vistaenergy.com.
Slide 3: Robust operational and financial performance during the quarter
03 Robust operational and financial performance during the quarter Q1 2024 HIGHLIGHTS Production (1) Oil Production Revenues Lifting Cost (3) CAPEX (4) 55.0 Mboe/d 47.3 Mbbl/d 317 $MM 4.3 $/boe 242 $MM 14% y-o-y pro forma (2) 15% y-o-y pro forma (2) Flat y-o-y (33)% y-o-y 50% y-o-y 5% y-o-y 7% y-o-y
Slide 4: Y-o-y production growth driven by solid performance in Vaca Muerta
04 Y-o-y production growth driven by solid performance in Vaca Muerta TOTAL PRODUCTION (1) (2) OIL PRODUCTION (2) NATURAL GAS PRODUCTION (2) Mboe/d Mbbl/d MMm3/d +14% +15% +8% 56.4 55.0 48.5 47.3 52.2 44.0 1.23 1.20 1.19 48.5 41.1 1.11 Q1-23 Q4-23 Q1-24 Q1-23 Q4-23 Q1-24 Q1-23 Q4-23 Q1-24 Production
Slide 5: Accelerating development hub drilling program
05 Accelerating development hub drilling program DEVELOPMENT HUB Q1-24 PROGRESS ACCELERATING CAPEX TO BOOST 2024 EXIT RATE 3 rigs +85 Mboe/d Contracted a third Upgrades Q4-24 high-spec drilling rig production to +85 Mboe/d, leaving us well- 4-8 wells placed to deliver on 2024 Planning to deliver 4 g
Slide 6: Solid improvement in realized oil prices
06 Solid improvement in realized oil prices REVENUES (1) AVERAGE CRUDE OIL PRICE AVERAGE NATURAL GAS PRICE $MM $/bbl $/MMBtu 2.4 2.0 1.6 +6% (40)% 67.8 70.3 4.7 317.2 309.2 317.4 66.6 2.8 2.2 60% 52% 41% Q1-23 Q4-23 Q1-24 Q1-23 Q4-23 Q1-24 Q1-23 Q4-23 Q1-24 Total revenues % of export in total revenu
Slide 7: Consolidated new operating model
07 Consolidated new operating model LIFTING COST (1) LIFTING COST PER BOE (1)(2) $MM $/boe (28)% (33)% 6.4 30.1 22.3 21.6 4.3 4.3 52.2 56.4 55.0 Q1-23 Q4-23 Q1-24 Q1-23 Q4-23 Q1-24 Lifting cost per boe Total production (Mboe/d) ▪ Maintained lifting cost at 4.3 $/boe, reflecting the consolidation of
Slide 8: Continued to deliver strong margins
08 Continued to deliver strong margins ADJ. EBITDA (1) ADJ. EBITDA MARGIN (2) NETBACK (3) $MM % $/boe +8% +4pp +1% p.p. p.p. 288.1 73% 68% 55.6 64% 220.6 204.4 43.5 44.0 66.6 67.8 70.3 Q1-23 Q4-23 Q1-24 Q1-23 Q4-23 Q1-24 Q1-23 Q4-23 Q1-24 Adj. EBITDA margin Realized crude oil price ($/bbl) ▪ Interan
Slide 9: Capex execution in line with 2024 guidance
09 Capex execution in line with 2024 guidance 9 Q1 2024 CASH FLOW EVOLUTION (1) CAPEX $MM $MM 242 212 179 Beginning of period Operating activities Investing activities Financing activities End of period Q1-23 Q4-23 Q1-24 cash position cash flow cash flow cash flow (2) cash position ▪ Operating activ
Slide 10: Closing remarks
10 Closing remarks Delivered 14% y-o-y Strong execution of drilling and production growth on a pro completion activity: delivered forma basis, driven by shale 11 tie-ins during the quarter oil growth (1) Oil realized price continues to On track to deliver on 2024 improve; 57% of oil sales guidance f
Slide 11: Thanks! Q&A
VISTA ENERGY FOR TOMORROW THANKS!
Vista Energy S.A.B. de C.V. — Q1 2024 Earnings Presentation on 6ix