Transportadora De Gas Del Sur Sa Class B · BCBA:TGSU2
Transportadora De Gas Del Sur Sa Class B — Gas Transporter of the South — Q1 2022 Earnings Presentation
38 slides from Transportadora De Gas Del Sur Sa Class B's earnings presentation, Jun 6, 2022
Slide 1: Activities of the Company in 1Q2022 and 1Q2021
Activities of the Company in 1Q2022 and 1Q2021 Revenues Revenues for 1Q2022 increased by Ps. 2,739 million compared to 1Q2021, mainly as a consequence of the increase in revenues from Production and Commercialization of Liquids business segment, an effect partially offset by the decrease in revenues
Slide 2: Other Services and cost of sales
As can be seen in the table above, the increase in volumes was mainly due to the tons of propane exported and ethane and butane (the latter product marketed within the framework of the programs established by the National Government) in the local market. Whereas, the tons of propane sold in the loca
Slide 3: Other operating results and net financial results
Other operating results The other operating results recorded a negative variation of Ps. 230 million mainly as a result of the recognition of the collections received for insurance recovery during 1Q2021. Net financial results In 1Q2022, the financial results showed a positive variation of Ps. 1,893
Slide 4: Net financial results, income tax and liquidity
This positive variation is mainly due to the lower net foreign exchange losses, generated as a consequence of the reduction in the net liability position during 1Q2022 and the lower loss generated by the operations carried out with financial assets measured at fair value. These effects were partiall
Slide 5: Change in cash and consolidated financial position summary
During 1Q2022 the net change in cash and cash equivalents was positive by Ps. 3,370 million as opposed to the decrease of Ps. 3,788 million registered in 1Q2021. This increase was due to lower cash flows applied to investing activities for Ps. 5,573 million (lower placements of financial assets not
Slide 6: 4. Consolidated Comprehensive Income Summary
4. Consolidated Comprehensive Income Summary Summary of the consolidated comprehensive income information for the 1Q2022, 1Q2021, 1Q2020, 1Q2019 and 1Q2018:
Slide 7: 5. Consolidated Cash Flow Summary
5. Consolidated Cash Flow Summary Summary of the consolidated cash flow information for the 1Q2022, 1Q2021, 1Q2020, 1Q2019 and 1Q2018:
Slide 8: 6. Statistical Data (Physical units)
6. Statistical Data (Physical units)
Slide 9: Statistical data: three-month period ended March 31
Three-month period ended March 31, 2022 2021 2020 2019 2018 Gas Transportation ‘Average firm contracted capaaty (n billions of cubic feet per day ("Bdi/d")) 82,457 82,434 82,400 82,400 81,264 ‘Average daily deliveries (in Bd/d) 62,106 58,816 62,049) 61,855 60,826 NGL production and commercialization
Slide 10: Condensed Interim Consolidated Statements of Financial Position
Horacio Turri Chairman of the Board of Directors English translation of the original prepared in Spanish for publication in Argentina TRANSPORTADORA DE GAS DEL SUR S.A. CONDENSED INTERIM CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AS OF MARCH 31, 2022 AND DECEMBER 31, 2021 (Stated in thousands of
Slide 11: Consolidated Statement of Changes in Equity
Horacio Turri Chairman of the Board of Directors English translation of the original prepared in Spanish for publication in Argentina TRANSPORTADORA DE GAS DEL SUR S.A. CONDENSED INTERIM CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE THREE-MONTH PERIODS ENDED MARCH 31, 2022 AND 2021 (Stated in
Slide 12: Consolidated Statements of Cash Flows
Horacio Turri Chairman of the Board of Directors English translation of the original prepared in Spanish for publication in Argentina TRANSPORTADORA DE GAS DEL SUR S.A. CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE THREE-MONTH PERIODS ENDED MARCH 31, 2022 AND 2021 (Stated in thousa
Slide 13: Notes: 1. General Information
Horacio Turri Chairman of the Board of Directors English translation of the original prepared in Spanish for publication in Argentina TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF MARCH 31, 2022 AND COMPARATIVE INFORMATION (Stated in thousa
Slide 14: Segment results, three months ended March 31, 2022
Three-month period ended March 31, 2022 Natural Gas Production and Commercialization Other Transportation of Liquids Services ___Telecommunications Eliminations Total Revenues 6,173,323 19,973,807 2,323,995 124,649, = 28,595,774 Intercompany revenues from sales 180,925 : : = (280,525) = Gost of sale
Slide 15: Breakdown of revenues by market and opportunity
The breakdown of revenues by market and opportunity for the three-month periods ended March 31, 2022 and 2021 is as follows: English translation of the original prepared in Spanish for publication in Argentina TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL S
Slide 16: Revenues by geographical market and timing
Three-month period ended March 31, 2022 Production and Natural Gas Commercialization of Transportation Lie Other Services Telecommunications Total Primary geographical market External Market = 12,267,927 = = 2,267, 7 Local Market 6.173.528 7,705,880 223935 128,643. 16,327,847 Total 6,173,323 19,973,
Slide 17: 9. Summary of Significant Financial Position and Income Items
9. SUMMARY OF SIGNIFICANT STATEMENT OF FINANCIAL POSITION AND STATEMENT OF COMPREHENSIVE INCOME ITEMS a) Other receivables
Slide 18: Other receivables
03/31/2022 12/31/2021 Gurren Non Current Gurrent Non Gurrent "Turnover tax balance: 122,656 5 147,060 = VAT credit balance 854,617 : 15,659 = Income tax credit balance 12,815, = 25,441 5 (Other tax receivables 36,865, 305 43,833 Eo Prepaid expenses: 303,503 = 285,430 = ‘Advanoss to suppliers 3,583,2
Slide 19: Movement of the allowance for doubtful accounts
The movement of the allowance for doubtful accounts is as follows: English translation of the original prepared in Spanish for publication in Argentina TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF MARCH 31, 2022 AND COMPARATIVE INFORMATION
Slide 20: Allowance for doubtful accounts
For doubtful accounts Balances as of 12/31/2020 232,173, Inflation adjustment restatement (26,624) Additions: Applications: Decreases Balances as of 03/31/2021 Inflation adjustment restatement Additions Applications: Reversals Balances as of 12/31/2021 153,817 Inflation adjustment restatement Additi
Slide 21: k) Net financial results
English translation of the original prepared in Spanish for publication in Argentina TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF MARCH 31, 2022 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless other
Slide 22: l) Other operating results, net
l) Other operating results, net
Slide 23: 11. Joint Arrangements
11. JOINT ARRANGEMENTS The breakdown of the amounts included in the statements of financial position related to the Company's participation in the UT as of March 31, 2022 and December 31, 2021, and its results for the three-month periods as of March 31, 2022 and 2021 is the following:
Slide 24: 12. Share of Gain from Associates
English translation of the original prepared in Spanish for publication in Argentina TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF MARCH 31, 2022 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless other
Slide 25: 14. Loans
English translation of the original prepared in Spanish for publication in Argentina TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF MARCH 31, 2022 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless other
Slide 26: Loans denominated in US dollars
Loans are totally denominated in US dollars. During the three-month periods ended March 31, 2022 and 2021, through various transactions, the Company acquired 2018 Notes for a nominal value of US$ 7,262,000 for which it paid Ps. 1,461,390. The result generated by such transaction, which amounted to P
Slide 27: Maturities of financial debt
The maturities of current and non-current financial debt, net of issuance costs, as of March 31, 2022 are as follows:
Slide 28: 16. Provisions
English translation of the original prepared in Spanish for publication in Argentina TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF MARCH 31, 2022 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless other
Slide 29: 17. Financial Instruments by Category and Hierarchy
17. FINANCIAL INSTRUMENTS BY CATEGORY AND HIERARCHY 17.1 Financial instrument categories There have been no significant changes regarding the accounting policies for the categorization of financial instruments to the policies disclosed in the financial statements as of December 31, 2021. The categor
Slide 30: Financial assets and liabilities, March 31, 2022
March 31, 2022 Financial assets at Financial assets at fair value amortized cost Total CURRENT ASSETS Trade receivables : 12,342, 458 12,343,458 ‘Other receivables = ‘977,654 977,654 ther financial assets at amortized oot z 1410 1,410 (Other financial assets at fair value through praft or loss 22,21
Slide 31: 17.2 Fair value measurement hierarchy and estimates
English translation of the original prepared in Spanish for publication in Argentina TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF MARCH 31, 2022 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless other
Slide 32: Fair value of financial assets and 2018 Notes
The fair value amount of the financial assets is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. As of March 31, 2022, the carrying amount of certain financial instruments used by the Com
Slide 33: 19. Regulatory Framework; 20. Common Stock and Dividends
19. REGULATORY FRAMEWORK The main regulatory issues are described in Note 17 to the annual consolidated financial statements as of December 31, 2021. As of the date of issuance of these Interim Condensed Consolidated Financial Statements, there were no additional developments. English translation of
Slide 34: Related party notes and transactions
As of March 31, 2022, tgs holds Ps. 754,650 corresponding to dollar-linked notes issued by CT Barragán S.A. that accrue an annual rate of 4% above the exchange rate published in Communication “A” 3500 of the BCRA. The bullet principal is paid back on June 4, 2023. The book value of the notes is disc
Slide 35: Related party transactions, three months ended March 31, 2021
English translation of the original prepared in Spanish for publication in Argentina TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF MARCH 31, 2022 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless other
Slide 36: 23. Associates and Joint Agreement
23. ASSOCIATES AND JOINT AGREEMENT Associates with significant influence Link: Link was created in February 2001, with the purpose of the operation of a natural gas transportation system, which links TGS’s natural gas transportation system with the Cruz del Sur S.A. pipeline. The connection pipeline
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