Pampa Energia Sa · BCBA:PAMP

Pampa Energia Sa — Q1 2018 Earnings Presentation

17 slides from Pampa Energia Sa's earnings presentation, May 15, 2018

  1. Slide 1: Pampa Q1 2018 Results Call

    Pampa Q1 2018 Results Call May 15, 2018 10 AM EST / 11 AM ART

  2. Slide 2: Disclaimer

    Disclaimer The material that follows is a presentation of general background information about Pampa Energía SA 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 potential investors. This prese

  3. Slide 3: Today's Agenda

    Today’s Agenda • Presented by Lida Wang, IRO  Q1 2018 consolidated EBITDA  Q1 2018 consolidated net income  Results & news by business segment  Cash and debt • Power generation  Q&A session • Electricity distribution • Oil & gas upstream • Refining & marketing • Petrochemicals • Holding • Other

  4. Slide 4: Q1 2018 Consolidated Results

    Q1 2018 Consolidated Results Adjusted EBITDA from Continuing Businesses1 In million AR$ 7,704 Segment Q1 17 Q1 18 ∆$ ∆% Power Generation 773 2,075 1,303 +169% 2,075 Electricity Distribution 617 2,766 2,149 NA Oil & Gas* 1,317 1,791 474 +36% 2,766 Refining & Marketing* (3) 53 55 NA 3,071 Petrochemica

  5. Slide 5: Q1 2018 Consolidated Results: Adjusted EBITDA

    Q1 2018 Consolidated Results Adjusted EBITDA from Continuing Businesses In million AR$ Adj. EBITDA Q1 18 2,075 2,766 1,791 53 49 969 7,704 +151% +616 yoy +55 +35 +474 +2,149 +1,303 3,071 Total Q1 17 Power Generation Power Electricity Electricity Oil & Gas Refining && Refining Petrochemicals Petro- H

  6. Slide 6: Power Generation

    Power Generation Adjusted EBITDA Generation Performance In million AR$ In GWh Commissioning of +8% 2,075 New pricing for 3,976 4,289 CTPP, CTLL’s TG05 +169% legacy capacity & CTIW Higher thermal AR$ devaluation dispatch at CTG & New PPAs in CPB force Thermal 3,778 773 Higher GWh 3,426 Higher

  7. Slide 7: Power Generation: Genelba Expansion

    Power Generation Genelba Expansion Pampa Energía ● Q1 2018 Earnings Call 7

  8. Slide 8: Power Generation: Corti Wind Farm Expansion

    Power Generation Corti Wind Farm Expansion Pampa Energía ● Q1 2018 Earnings Call 8

  9. Slide 9: Electricity Distribution

    Electricity Distribution Adjusted EBITDA Sales Performance In million AR$ RTI’s full fare In GWh Higher demand 2,766 implementation 5,527 5,550 from SMEs, large + costs update users & wheeling Def. income 302 @ Feb-18 243 274 system 2/48 1,956 1,984  Lower residential installments consumption in

  10. Slide 10: Oil & Gas

    Oil & Gas Adjusted EBITDA from Continuing Businesses Total Production Performance (Argentina + Abroad) In million AR$ In kboe per day +36% 1,791 Better sale prices in US$ 51.7  End of service at Medanito La FX impact Abroad 46.3 Pampa in Oct-17 1,317 1.7 0.4 Incl. OldelVal’s  Lower production E

  11. Slide 11: Oil & Gas: News Update

    Oil & Gas News Update • Operations status • Sale closing of oil-bearing assets to Vista Oil & Gas, we collected US$399 million • Extension of the exploration license in Parva Negra Este for one more year • Settlement agreement and collection between the Republic of Ecuador and EcuadorTLC, a subsidia

  12. Slide 12: Downstream: Refining & Marketing

    Downstream: Refining & Marketing Adjusted EBITDA Sales Performance In million AR$ In thousand m3 Higher sale prices in US$ US$538/m3 US$571/m3 285 +255% Excludes fee for 473 using Petrobras 452 Brand 85 4 3 Crude Oil 62 Other distillates 232  Higher costs of 77 79 Fuel Oil, IFOs & 80 crude oil &

  13. Slide 13: Downstream: Petrochemicals

    Downstream: Petrochemicals Adjusted EBITDA Sales Performance In million AR$ In thousand ton US$936/ton US$1,110/ton 49 Better int’l sale +248% prices in US$ 123 -30% FX impact Excludes ex PZE’s 87 contingencies 77 Other 14  Higher operating & raw material’s 47 SBR 9 9 cost Styrene & 38 31 Polyst

  14. Slide 14: Holding & Others

    Holding & Others Adjusted EBITDA Affiliates’ EBITDA Performance @ 100% Ownership In million AR$ In million AR$ RTI (1st Transener TGS &2 nd 988 hike) +182% RTI 2,707 Better 351 TGS 1,180 pricing 690 957 and 293 1,148 higher volume Transener sold of 252 311 NGLs (194) (12) Holding Q1 17 Q1 18 Q1 1

  15. Slide 15: Q1 2018 Consolidated Results: Net Income to Shareholders

    Q1 2018 Consolidated Results Net Income to Shareholders In million AR$ Reported Q1 18 NI to 234 741 1,169 173 (123) 819 3,013 Shareholders +58% +718 yoy +609 +131 -99 1,901 -757 +510 Power Electricity Refining & Petro- Holding, Q1 17 Generation Distribution Oil & Gas Marketing chemicals Others & Q1

  16. Slide 16: Strong Cash & Debt Position

    Strong Cash & Debt Position Debt Profile as of March 31, 20181 + TGS Bond Issuance + Collection of Sales Proceeds In US$ million US$ US$ Link AR$ 750 Consolidated gross debt US$2.1 billion 513 TGS 2025 + Affiliates' gross debt @ O/S US$0.2 billion US$500m I= 6¾ - Consolidated cash US$(0.9) billion 2

  17. Slide 17: Thank you! Any Questions?

    Thank you! Any Questions? For further information, contact: • Gustavo Mariani Vice President • Ricardo Torres Vice President • Mariano Batistella Planning, Strategy & Related Companies Executive Director • Lida Wang Investor Relations Officer Pampa Energía Building, Maipú 1 (C1084ABA), Ciudad Autóno

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