Slide 1: Investor Presentation September 2024
Documento: YPF-Público INVESTOR PRESENTATION SEPTEMBER 2024 Documento: YPF-Público
Slide 2: Important Notice
IMPORTANT NOTICE Documento: YPF-Público Safe harbor statement under the U.S. Private Securities Litigation Reform Act of 1995 (the “Private Securities Litigation Reform Act”). This document contains statements that YPF believes constitute forward-looking statements under within the meaning of the Pr
Slide 3: Agenda
Documento: YPF-Público AGENDA 01. COMPANY OVERVIEW 02. UPSTREAM 03. DOWNSTREAM 04. LATEST FINANCIAL RESULTS Documento: YPF-Público
Slide 4: Largest and Leading Company in Argentina
LARGEST AND LEADING COMPANY IN ARGENTINA Documento: YPF-Público Leading integrated player in the local O&G industry YPF is the largest company in Argentina – in The National State is the controlling shareholder with a 51% stake. The remaining 49% floats terms of revenues – with almost 100-year-old h
Slide 5: Integrated Across the Entire Value Chain
INTEGRATED ACROSS THE ENTIRE VALUE CHAIN Documento: YPF-Público DOMESTIC DOMESTIC 75% Domestic prices CRUDE PRODUCTION MARKET REFINING MARKET (gasoline and diesel) OIL 90% 292 25% International prices (jet fuel, 249 90% kerosene, fuel oil, LPG and other) EXPORTS Kbbl/d Kbbl/d 10% International price
Slide 6: Contributing to the Reduction of Our Carbon Footprint
CONTRIBUITING TO THE REDUCTION OF OUR CARBON FOOTPRINT Documento: YPF-Público DEEPENING THE PATH TO LOW-CARBON ENERGY PRODUCTION AS WE CONTINUE FOCUSING ON OUR SHALE PRODUCTION AND GROWING OUR RENEWABLE PORTFOLIO BREAKDOWN OF INTENSITY OF DIRECT GHG EMISSIONS UPSTREAM (3) DIRECT GHG EMISSIONS 5% Ups
Slide 7: Profitability of Our Main Affiliates
PROFITABILITY OF OUR MAIN AFFILIATES Documento: YPF-Público EQUITY STAKE EQUITY STAKE EQUITY STAKE EQUITY STAKE EQUITY STAKE 50% 38% 75% 37% 100% LTM EBITDA (US$ ) (1) LTM EBITDA (US$ ) (1) LTM EBITDA (US$ ) (1) LTM EBITDA (US$ ) (1) LTM EBITDA (US$ ) (1) 381 mn 167 mn 352 mn 77 mn 112 mn One of the
Slide 8: Agenda
Documento: YPF-Público AGENDA 01. COMPANY OVERVIEW 02. UPSTREAM 03. DOWNSTREAM 04. LATEST FINANCIAL RESULTS Documento: YPF-Público
Slide 9: Largest Hydrocarbon Producer in the Country
LARGEST HYDROCARBON PRODUCER IN THE COUNTRY Documento: YPF-Público UPSTREAM PORTFOLIO (1) PRODUCTION (2) Market share breakdown (%) TOTAL Other NOROESTE DOMINANT A PRODUCTION: 33% UPSTREAM 3.4 mm boe % LIQUIDS: % GAS: A POSITION WITH 11% 89% OPERATIONS https://encrypted-tbn0.gstatic.com/images?q=tbn
Slide 10: Operational Performance: Shale Leading Future Growth
OPERATIONAL PERFORMANCE Documento: YPF-Público NGL Shale Oil TOTAL PRODUCTION NET SHALE PRODUCTION Natural Gas Shale Gas Crude Oil LARGEST KBOE/D KBBL/D & KBOE/D +2.1x +1.9x O&G 525 539 132 503 514 117 PRODUCER 470 101 108 107 113 WITH SHALE 97 77 LEADING 53 68 FUTURE GROWTH 2021 2022 2023 LTM 2Q24
Slide 11: Early Stage of Development Within Vaca Muerta Acreage
OPERATIONAL PERFORMANCE Documento: YPF-Público WE ARE STILL AT AN EARLY STAGE OF DEVELOPMENT WITHIN STRATEGIC PARTNERS OUR VACA MUERTA ACREAGE YPF OPERATOR Exploration Pre-development VACA MUERTA´S 3.0 Development TOTAL ACREAGE YPF NON OPERATOR AND YPF´S SHARE Exploration 1.6 2.6 Development Million
Slide 12: Total P1 Reserves Declined by 10%
OPERATIONAL PERFORMANCE Documento: YPF-Público TOTAL P1 RESERVES DECLINED BY 10% MOSTLY IN OUR CONVENTIONAL ASSETS, WHILE SHALE RESERVES REMAINED STABLE AND DEVELOPED RESERVES INCREASED SLIGHTY EVOLUTION OF HYDROCARBON PROVED RESERVES EVOLUTION OF HYDROCARBON PROVED RESERVES Million BOE Shale Other
Slide 13: Agenda
Documento: YPF-Público AGENDA 01. COMPANY OVERVIEW 02. UPSTREAM 03. DOWNSTREAM 04. LATEST FINANCIAL RESULTS Documento: YPF-Público
Slide 14: Leading Downstream Player in Argentina
LEADING DOWNSTREAM PLAYER IN ARGENTINA Documento: YPF-Público DOWNSTREAM PORTFOLIO REFINING Over 50% of Argentina’s refining capacity, A LUJÁN DE CUYO CAPACITY: operating 3 wholly-owned refineries with D 114 Kbbl/d 328.1 Kbbl/d capacity (2)(3). B LA PLATA High level of conversion and complexity. CAP
Slide 15: Operational Performance: Leading Player in Local Downstream
OPERATIONAL PERFORMANCE Documento: YPF-Público Exports SALES OF REFINED PRODUCTS Other Local GASOLINE & DIESEL SALES (1) Jet Fuel LEADING Mm M3 Gasoline Market share breakdown (%) OTHER Diesel PLAYER IN https://csonline.axionenergy.com/Images/AxionEnergyMainLogo.jpg 6%5% THE LOCAL 19.2 19.8 19.4 17.
Slide 16: Agenda
Documento: YPF-Público AGENDA 01. COMPANY OVERVIEW 02. UPSTREAM 03. DOWNSTREAM 04. LATEST FINANCIAL RESULTS Documento: YPF-Público
Slide 17: 2Q24 Results
Documento: YPF-Público 2Q24 RESULTS Notes: (1) Adjusted EBITDA = EBITDA that excludes IFRS 16 and IAS 29 effects +/- one-off items (2) FCF = Cash flow from Operations less capex (investing activities), M&A (investing activities), and interest and leasing payments (financing activities). REVENUES ADJ
Slide 18: Downstream Operating Performance
DOWNSTREAM OPERATING PERFORMANCE Documento: YPF-Público Gasoline REFINING UTILIZATION & FUELS’ IMPORTS (1) % - KBBL/D DOMESTIC FUELS’ SALES KM3 Diesel ACTIVE PRICING (1) Imports as % of total fuels’ sales IMPORTS POLICY, WHILE -6% -2% MAINTAINING HIGH 6% 4% 0% PROCESSING LEVELS 3,658 WITH NO FUELS’
Slide 19: Negative Free Cash Flow, as Expected, While Maintaining Solid Liquidity
FINANCIAL RESULTS Documento: YPF-Público NEGATIVE FREE CASH FLOW, AS EXPECTED, PRIMARILY ON THE BACK OF THE FULLY DEPLOYED CAPEX PLAN, WHILE MAINTAINING A SOLID LIQUIDITY POSITION International bonds CONSOLIDATED CASH FLOW (1) CONSOLIDATED PRINCIPAL Other local debt DEBT AMORTIZATION SCHEDULE Other
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