Vista Energy Sab De Cv Class A · BMV:VISTA/A
Vista Energy Sab De Cv Class A — Q2 2025 Earnings Presentation
13 slides from Vista Energy Sab De Cv Class A's earnings presentation, Jul 11, 2025
Slide 1: Second Quarter 2025 Earnings Webcast
Second Quarter 2025 Earnings Webcast July 11, 2025
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: Successfully executed transformational M&A
03 Successfully executed transformational M&A Q2 2025 HIGHLIGHTS Production Oil Production Revenues Lifting Cost CAPEX 118 Mboe/d 102 Mbbl/d 611 $MM 4.7 $/boe 356 $MM 81% y-o-y 79% y-o-y 54% y-o-y 4% y-o-y 3% y-o-y Adj. EBITDA Net Income EPS Free Cash Flow Net Leverage Ratio (1) 405 $MM 235 $MM 2.3
Slide 4: Operational highlights of the quarter
04 Operational highlights of the quarter LACH MONTHLY PRODUCTION 24 Back to Q4 2024 levels NEW WELL Mboe/d ACTIVITY tie-ins 34.8 38.5 42.9 RAMP-UP during Q2 Apr-25 May-25 Jun-25 D&C COST (1) -1.4 $MM/well D&C COST $MM 14.2 -10% 12.8 REDUCTION per well 2024 Starting Q3-25 TRUCKING COSTS Zero SELLING
Slide 5: Strong interannual production growth, boosted by LACh acquisition
05 Strong interannual production growth, boosted by LACh acquisition TOTAL PRODUCTION (1) OIL PRODUCTION NATURAL GAS PRODUCTION Mboe/d Mbbl/d MMm3/d +81% +93% +79% +46% +44% 2.44 118.0 +47% 102.2 80.9 69.6 1.70 65.3 57.2 1.26 Q2-24 Q1-25 Q2-25 Q2-24 Q1-25 Q2-25 Q2-24 Q1-25 Q2-25 ▪ Production boosted
Slide 6: Revenue growth of 54% y-o-y
06 Revenue growth of 54% y-o-y REVENUES (1) AVG. REALIZED OIL PRICE AVG. REALIZED NATURAL GAS PRICE $MM $/bbl $/MMBtu +54% -13% -27% +39% 611 3.9 71.8 68.6 438 62.2 2.8 397 2.5 Q2-24 Q1-25 Q2-25 Q2-24 Q1-25 Q2-25 Q2-24 Q1-25 Q2-25 % of export in net revenues 40% 53% 58% Oil exports (MMbbl) 1.9 3.2 5
Slide 7: Low cost, fully-focused shale oil producer
07 Low cost, fully-focused shale oil producer LIFTING COST PER BOE (1) SELLING EXPENSES PER BOE $/boe $/boe +4% 6.4 -41% 4.5 4.7 4.7 118.0 3.8 3.7 12.9 80.9 65.3 7.9 0.0 Q2-24 Q1-25 Q2-25 Q2-24 Q1-25 Q2-25 Lifting cost per boe Total production (Mboe/d) Selling expenses per boe Oil volume trucked (Mb
Slide 8: Recorded 40% growth in Adj. EBITDA
08 Recorded 40% growth in Adj. EBITDA ADJ. EBITDA ADJ. EBITDA MARGIN NETBACK $MM +40% % $/boe +47% 405 +4 p.p. 70% 66% 48.5 62% 288 275 37.8 37.7 71.8 68.6 62.2 Q2-24 Q1-25 Q2-25 Q2-24 Q1-25 Q2-25 Q2-24 Q1-25 Q2-25 Adj. EBITDA margin Realized crude oil price ($/bbl) ▪ Adj. EBITDA increased 40% y-o-y
Slide 9: Maintained a healthy NLR on a pro forma basis
09 Maintained a healthy NLR on a pro forma basis 9 Q2 2025 CASH FLOW EVOLUTION NET LEVERAGE RATIO $MM x 740 PEPASA acquisition (9) 1.38x 770 154 0.84x (1,347) Beginning of period Operating activities Investing activities Financing activities End of period Q1-25 Q2-25 pro forma (2) cash position cash
Slide 10: Updating our 2025 guidance
10 Updating our 2025 guidance (1) Assumes 60 $/bbl realized oil price (65 $/bbl Brent) for 2H-25. PRODUCTION ADJ. EBITDA Previous guidance was 1.30-1.35 $Bn at the same price Mboe/d $Bn +62% +41% 125-128 1.65-1.85 112-114 1.5-1.6 70 1.09 2H-25 0.83-0.93 $Bn 2024A 2025F 2H-25F 2024A 2025F 2H-25F annu
Slide 11: Closing remarks
11 Closing remarks Transformational M&A boosted Reduced D&C cost per well by 10% on the back of Q2-25 production and Adj. EBITDA new contracting model and renegotiated tariffs Higher sequential margins despite 9% lower oil New 2025 guidance implies material production prices, as oil trucking was eli
Slide 12: THANKS! Q&A
VISTA ENERGY FOR TOMORROW THANKS! Q&A
Slide 13: Glossary
13 Glossary ▪ $: U.S. Dollars ▪ $MM: Million U.S. Dollars ▪ $Bn: Billion U.S. Dollars ▪ $/bbl: U.S. Dollars per barrel of oil ▪ $/boe: U.S. Dollars per barrel of oil equivalent ▪ Adj. EBITDA: Profit for the year, net + Income tax (expense) / benefit + Financial income (expense), net + Income (loss)
Vista Energy S.A.B. de C.V. — Q2 2025 Earnings Presentation on 6ix