Vista Energy Sab De Cv Class A · BMV:VISTA/A
Vista Energy Sab De Cv Class A — Q2 2021 Earnings Presentation
14 slides from Vista Energy Sab De Cv Class A's earnings presentation, Jul 28, 2021
Slide 1: Second Quarter 2021 Earnings Webcast
Second Quarter 2021 Earnings Webcast July 28, 2021
Slide 2: About projections and forward-looking statements
2 About projections and forward-looking statements 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 (the “Company” or “Vista”) can be found in the “Investors” section on the website at www.vistaoilandgas.
Slide 3: Q2 2021 highlights
Q2 2021 highlights 3 A turning point in our performance 39.9 Mboe/d 31.5 Mbbl/d 165 $MM 7.3 $/boe +67% y-o-y +101% y-o-y +223% y-o-y (15)% y-o-y Production (1) Oil Production Revenue Lifting Cost 102 $MM 75 $MM 237 $MM 368 $MM >900% y-o-y +316% y-o-y Adj. EBITDA (2) CAPEX (3) Cash at end of period N
Slide 4: Production
Production 4 Robust sequential performance on the back of Bajada del Palo Oeste growth TOTAL PRODUCTION (1) OIL PRODUCTION NATURAL GAS PRODUCTION Mboe/d Mbbl/d MMm3/d +67% +101% +5% +17% 39.9 +19% 31.5 +10% 1.26 34.1 26.4 1.20 1.14 23.8 15.7 (2) Q2-20 Q1-21 Q2-21 Q2-20 Q1-21 Q2-21 Q2-20 Q1-21 Q2-21
Slide 5: Revenues and pricing
Revenues and pricing 5 Strong y-o-y and sequential improvements driven by increase in production and higher realized prices REVENUES AVERAGE CRUDE OIL PRICE AVERAGE NATURAL GAS PRICE $MM $/bbl $/MMBtu +223% +107% +59% +21% 54.9 +43% 165.3 +75% 3.5 45.5 115.9 2.2 2.0 26.5 51.2 Q2-20 Q1-21 Q2-21 Q2-20
Slide 6: Lifting Cost
Lifting Cost 6 Continuous improvement in lifting cost per boe LIFTING COST (1) LIFTING COST PER BOE $MM $/boe +43% (15)% +14% 26.5 8.6 23.1 (3)% 18.6 7.5 7.3 39.9 34.1 23.8 Q2-20 Q1-21 Q2-21 Q2-20 Q1-21 Q2-21 Lifting cost per boe Total production (Mboe/d) ▪ Lifting cost per boe down 3% q-o-q, as inc
Slide 7: Adjusted EBITDA
Adjusted EBITDA 7 Adjusted EBITDA sequentially boosted by revenue growth amid stable costs ADJ. EBITDA (1) ADJ. EBITDA MARGIN NETBACK (2) $MM % $/boe +904% +42 pp +500% +75% 102.3 +12pp 62% +48% 28.2 50% 19.0 58.3 20% 54.9 45.5 45.5 4.7 10.2 37.8 26.5 23.6 Q2-20 Q1-21 Q2-21 Q2-20 Q1-21 Q2-21 Q2-20 Q
Slide 8: Financial overview
Financial overview 8 Positive free cash flow supporting a solid financial position Q2 2021 CASH FLOW EVOLUTION (1) FORECASTED GROSS DEBT THRU AUG 2nd $MM $MM 116.0 (45) (50) Beginning of period Operating activities Investing activities Financing activities End of period Debt at the end Debt at the e
Slide 9: Bajada del Palo Oeste development
Bajada del Palo Oeste development 9 Continued strong execution, ahead of original 2021 guidance TOTAL SHALE PRODUCTION D&C COST PER WELL (1) (2) Mboe/d $MM 35 (42)% 30 #8 #7 3 25 16.6 #6 20 #5 12.2 15 #4 9.6 10 #2 #3 2 5 #1 1 0 Feb-19 May-19 Sep-19 Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 20
Slide 10: Business development
Business development 10 A&D activity supporting improved financial position, allowing us to accelerate high ROI investments in BDPO JOINT VENTURE WITH TRAFIGURA IN BDPO ▪ Investment agreement for the joint development of 5 pads (of 4 wells each) in Bajada del Palo Oeste NEUQUÉN RÍO NEGRO ▪ Vista rem
Slide 11: ESG progress
ESG progress 11 Ongoing action plan to reduce GHG emissions in our operations ~30% reduction in GHG emissions ▪ Finished baseline study with GHG scope 1 & 2 intensity y-o-y (1) actuals for 2019 and 2020 ▪ Defined plan to be executed in H2-21 in order to ✓ Study provides granularity at the asset- red
Slide 12: Updating 2021 guidance
Updating 2021 guidance (1) 12 Executing ahead of original guidance; increase in activity positions us for a strong start in 2022 SHALE OIL WELLS PRODUCTION LIFTING COST tied-in # Mboe/d $/boe 20 <8 38.0 - 39.0 ~ 7.5 16 37.0 - 38.0 Original Guidance Updated Original Guidance Updated Original Guidance
Slide 13: Closing remarks
Closing remarks Strong performance across all key operational and financial metrics, recording a 3-digit Adj. EBITDA and becoming cash flow positive for the quarter Continued progress in Bajada del Palo Oeste, where we tied-in our third 4-well pad, ahead of original schedule Solid cash position and
Slide 14: THANKS! Q&A
Tt ae THANKS! Q&A