Transportadora De Gas Del Sur Sa Class B · BCBA:TGSU2
Transportadora De Gas Del Sur Sa Class B — Gas Transporter of the South — 9M2022 Earnings Presentation
42 slides from Transportadora De Gas Del Sur Sa Class B's earnings presentation, Nov 10, 2022
Slide 1: Activities of the Company in 9M2022 and 9M2021
Activities of the Company in 9M2022 and 9M2021 Revenues Revenues for 9M2022 increased by Ps. 842 million compared to 9M2021, 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 f
Slide 2: Other Services
Other Services Revenues derived from the Other Services segment increased by Ps. 1,874 million in 9M2022 compared to the same period of 2021. This increase is due to higher revenues corresponding to transportation and conditioning services for natural gas in Vaca Muerta and compression and treatment
Slide 3: Operating costs and expenses components
Natural Gas Purchase 30,057 2 43% 2,261 Se Labor costs 9,965) 14% 13% 1,555 18% Taxes, fees and contributions: 7,084 10% Se 967 16% Repair and maintenance 3,811 Se Pe (31) @% (Other fees and third party services 4,598 Pe Be 51) 1%) Depredations 12,547 Se 18% 689 Se Doubtful accounts = Oe Oe 110 Wa ‘
Slide 4: Financial results and liquidity
This negative variation is mainly due to the lower gain on net monetary position, to the higher loss due to foreign exchange loss, net and to the losses recognized for the repurchase of notes and for operations with derivative financial instruments. These effects were partially offset by the gain ge
Slide 5: Net change in cash and cash equivalents
During 9M2022 the net change in cash and cash equivalents was positive by Ps. 2,726 million. This variation was mainly due to cash flow provided by financing activities as a result of proceeds from loans for Ps. 5,026 million, an effect that was partially offset by the payments made for the repurcha
Slide 6: 3Q2022 comprehensive income
During 3Q2022, the Company obtained comprehensive income of Ps. 4,782 million, compared to comprehensive income of Ps. 8,080 million obtained in the same period of 2021. Total revenues for 3Q2022 decreased Ps. 1,508 million compared to the same period of the previous year. Revenues from the Natural
Slide 7: Other Services segment 3Q2022
The Other Services segment reported an increase of Ps. 603 million, mainly explained by higher natural gas transportation and conditioning services in Vaca Muerta. This effect was partially offset by the negative variation of the exchange rate in constant currency.
Slide 8: 3Q2022 financial results and financial position summary
In 3Q2022, financial results suffered a negative variation of Ps. 828 million, compared to those registered in the 2021 period. This variation is mainly due to the lower gain on net monetary position and the higher loss due to exchange rate (greater devaluation in 3Q2022). These effects were partial
Slide 9: Consolidated Comprehensive Income Summary
5. Consolidated Comprehensive Income Summary Summary of the consolidated comprehensive income information for the nine-month periods ended September 30, 2022, 2021, 2020, 2019 and 2018:
Slide 10: Comprehensive income in thousands of Argentine pesos
2022 2021 2020 2019. 2018 (in thousands of Argentine pesos) ‘Operating profit 36,534,207, 40,918,525) 40,198,787 35,562,763 36,496,396 Net financial results 4,508,196) (4,385,070) (46,814,076) 7,648,724) (18,370,352) Share of gain / (loss) from assodates 71,599 19,240 41,176 (38,425) (32,851) [Net i
Slide 11: Statistical Data (Physical units)
7. Statistical Data (Physical units)
Slide 12: Statistical data by period
Three-month period ended September 30, ‘month period ended September 30, 2022 2021 2020 2019 2018 2022 2024 2020 2019 2018 Gas Transportation ‘Average firm contracted capacky (millions of m3/d) 83.0 27 82.6 82.6 81.6 83.4 82.8 92.7 22.7 82.2 Average daily deliveries (millions of ma/a) AB 9.7 64.9 7.
Slide 13: Horacio Turri
Horacio Turri Chairman of the Board of Directors
Slide 14: Horacio Turri
Horacio Turri Chairman of the Board of Directors
Slide 15: Horacio Turri
Horacio Turri Chairman of the Board of Directors
Slide 16: Horacio Turri
Horacio Turri Chairman of the Board of Directors
Slide 17: Subsidiary control as of September 30, 2022
Detailed data reflecting subsidiary control as of September 30, 2022, is as follows: Company Incorporation country Closing date Main activity Telcosur Argentina December 31 Telecommunication Services CTG TGSLatam Argentina Bolivia December 31 December 31 Electrical power related services Hydrocarbon
Slide 18: Nine-month period ended September 30, 2022 by segment
Nine-month period ended September 30, 2022 Production and Natural Gas Commercialization Other Transportation of Liquids Services __Telecommunications Eliminations Total Revenues 27,314,197 66,556,874 32,031, 866 592,364 = 106,495,301 Intercompany revenues from sales 730,839 : : = (790,839) E Gost of
Slide 19: Breakdown of revenues by market
The breakdown of revenues by market and opportunity for the nine-month periods ended September 30, 2022 and 2021 is as follows:
Slide 20: Revenues by geographical market and timing
Nine-month period ended September 30, 2022 Natural Gas Production and Commercialization of Transportation Lie Other Services Telecommunications Total Primary geographical market External Market = 28,808,326 5 = 28,808,326 Local Market 27,314,197 37,747,548 1.081.366 302,364 77,685,975 Total 27,314,1
Slide 21: Summary of significant financial statement items
9. SUMMARY OF SIGNIFICANT STATEMENT OF FINANCIAL POSITION AND STATEMENT OF COMPREHENSIVE INCOME ITEMS a) Other receivables
Slide 22: Other receivables
09/30/2022 12/31/2021 Current Non Current Gurrent___Non Gurrent "Turnover tax balance: 85,955 210,45 z VAT credit balance 574,311 1,167,095 = Income tax credit balance 10,331 36,402 = (Other tax receivables 75,206 62,716 ee Prepaid expenses: 189,359, 694,555. z ‘Advanoss to suppliers 7,781,264 5,018
Slide 23: Allowance for doubtful accounts
The movement of the allowance for doubtful accounts is as follows:
Slide 24: Allowance movement balances
Balances as of 12/31/2020 Inflation adjustment restatement Additions: Applications: Decreases Balances as of 09/30/2021 242,552 Inflation adjustment restatement (22,470) Additions Applications Reversals Balances as of 12/31/2021 Inflation adjustment restatement Additions Applications: Reversals Bala
Slide 25: Operating expenses
2022 2021 Operating expenses Regulated Non-regulated Administrative _ Selling Financial Accounts Total activities activities expenses expenses expenses Total Selaries, wages and other compensations 8,326,637 3,656,805 2,681,066 1,501,660 487,105 - 6,942,604 Social security taxes 1,637,754 702,489 53
Slide 26: Other operating results, net
l) Other operating results, net
Slide 27: 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 September 30, 2022 and December 31, 2021, and its results for the nine-month periods as of September 30, 2022 and 2021 is the following:
Slide 28: Joint arrangements financial position and income
09/30/2022 12/31/2021 Consolidated Statements of finan dal position Non current assets E E Current assets 72,020 314,020 Total assets 72,020 314,020 Non current liabilities : = Gurrent liabilities 278,622 630,081 Total liabilities 278,622 630,081 Nine-month periods ended September 30, 2022 2020 Cons
Slide 29: Property, plant and equipment
09/30/2022 12/31/2021 Cost Depreciation and Impairment ‘Accumulated at ‘Accumulated at Beginning End of the beginning at the end Net book Net book Account of the year Additions ——_—Retirements Transfers the period of the year Retirements _For the period Rate % of the period value value Pipelines 225
Slide 30: Loans denominated in US dollars
Loans are totally denominated in US dollars. During the nine-month periods ended September 30, 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. 2,090,913. The result generated by such transaction, which amounted t
Slide 31: Financial debt maturities
The maturities of current and non-current financial debt, net of issuance costs, as of September 30, 2022 are as follows:
Slide 32: Deferred assets and liabilities
Deferred assets / (Liablities) 09/30/2022 _12/31/2021 the liatilties 5 (215,102) ecount receivables dcourted value = 1505 Provisions for lena claims and other sovisions 34a 353365, Financial leases 1772.08 T7ue6 Cortrac labiives 404,171, Zsa 268 Other crests 119,351) (4.456) Leen. (218,055) (33.318)
Slide 33: 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 34: Financial assets and liabilities September 30, 2022
September 30, 2022 Financial assets Financial assets at fairvalue _ at amortized cost Total CURRENT ASSETS Trade recel vables = 33,005,597 13,008,587 ‘Other receivables = 3,492,633 3,492,633 ‘ther financial assets at amortized ood = 1,438 1,438 Other financial assets at fair value through profit or
Slide 35: Financial assets and liabilities December 31, 2021
December 31, 2021 Financial assets Financial assets atfair value at amorized cost Total CURRENT ASSETS Trade recel vables 17,642,819, 17,642,819 ‘Other receivables = 2,688,908 2,688,908 ther financial assets at amortized oo z 172 3172 (Other financial assets at fair value through profit or loss 22,0
Slide 36: Foreign currency assets and liabilities
09/30/2022 12/31/2021 Foreign currency Amount Foreign currency Amount and amount Exchange in local and amount in local (in thousands) rate thousands) currency CURRENT ASSETS Cash and cash equivalents uss 3,068 147.120 451,382 uss 1,670 283,338 Other financial assets at fair value through profit, or
Slide 37: Related party transactions
Additionally, during the six-month period ended September 30, 2022, the Company received from SACDE Sociedad Argentina de Construcción y Desarrollo Estratégico S.A., construction engineering services for Ps. 615,301 which are activated within the balance of advances to suppliers. As of September 30,
Slide 38: Related party transactions by company
Financial Revenues Costs results Production and ‘Compensation Interest gain 7 Natural Gas commercialization of Gas purchase for technical Interest Gain / (loss) on Company Transportation liquids Other services and others assistance expense fair value Associate which exercises joint control on the co
Slide 39: 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
Slide 40: Report on Review of Interim Financial Information
REPORT ON REVIEW OF INTERIM FINANCIAL INFORMATION To the Shareholders, President and Directors of Transportadora de Gas del Sur S.A. Legal address: Don Bosco 3672, 5th Floor Ciudad Autónoma de Buenos Aires CUIT N° 30-65786206-8 I. Report on the Financial Statements Introduction 1. We have reviewed t
Slide 41: Review conclusion and legal requirements
responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing and consequently does not enable us to obtain assurance that we would become a
Slide 42: Signatures
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Transportadora de Gas del Sur S.A. By: /s/Alejandro M. Basso Name: Alejandro M. Basso Title: Chief Fina
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