Transportadora De Gas Del Sur Sa Class B · BCBA:TGSU2
Transportadora De Gas Del Sur Sa Class B — Investor Presentation (December 2024)
21 slides from Transportadora De Gas Del Sur Sa Class B's investor presentation, December 2024
Slide 1: Transportadora de Gas del Sur S.A. Investor Presentation
Transportadora de Gas del Sur S.A. Investor Presentation December 2024
Slide 2: Shareholders and Management
Shareholders and Management OWNERSHIP STRUCTURE STRONG SPONSORSHIP FROM SHAREHOLDERS • Pampa Energía is a leading energy company with upstream O&G production providing experienced support. Argentine • Sielecki group is a large player in the petrochemical and Pension pharmaceutical industries. Fund 2
Slide 3: tgs is the backbone of the booming natural gas industry in Argentina
tgs is the backbone of the booming natural gas industry in Argentina SERVICIOS INTEGRADOS Processing and Telecommunications Fractioning PRODUCTION Storage and CONSUMPTION Dispatch Propane Butane Ethane Natural Gasoline Gathering and Conditioning Transportation Distribution Power Plants Other Service
Slide 4: tgs at a Glance
tgs at a Glance Natural Gas Liquids Midstream and Transportation Other Services 1º 2º Vaca Muerta The Largest Gas Pipeline Natural Gas Processor Shale Gas Transportation in Latin America (182 km and 60 MMm3/d) 47 and Conditioning (28 60% MMm3/Day Natural Gas MMm3/d by end of 2024) Of the total trans
Slide 5: The Argentine natural gas industry
The Argentine natural gas industry Others 9% Coal 1% 3% Natural gas 25% Nuclear energy 3% 52% 6% Hydroelectricity 4% 9% LTM* NATURAL Renewables 7% ARGENTINE ENERGY GAS PRODUCTION MATRIX 2023 BY PRODUCERS (132 MMm3/D) 13% Oil 21% 33% 14% Source: Federal Energy Bureau – Argentina Source: Federal Energ
Slide 6: tgs is the largest gas transportation company in Latin America
tgs is the largest gas transportation company in Latin America NATURAL GAS TRANSPORTATION REVENUES AND EBITDA (US$MM) FIRM CONTRACTED CAPACITY AND DELIVERIES (MMm3/d) Firm Contracted Capacity Deliveries Revenues 410 81.7 82.6 82.5 82.6 83.0 83.2 83.2 381 69.6 66.9 64.2 68.3 68.6 66.8 67.8 318 282 EB
Slide 7: Natural gas transportation tariff status
Natural gas transportation tariff status MATERIAL UPSIDE WITH HIGH TARIFF INCREASE IN 2024 AND WORKING ON A COMPREHENSIVE TARIFF REVIEW FOR THE COMING 5 YEARS April 2019 December 2019 December 2023 April 2024 26% Tariff Emergency law Emergency of the national Tariff increase and decrees energy secto
Slide 8: 14 MMm3/d Transportation Capacity Expansion Project Proposal
14 MMm3/d Transportation Capacity Expansion Project Proposal • To maximize tgs’ midstream La Carlota – Tío Pujio Norte business in Vaca Muerta. 120 km | 36" Conditioning Plant – Tratayén Pipeline - TGN Centro Oeste • To replace more expensive LNG Vaca Muerta Norte Pipeline Pipeline - TGN and diesel
Slide 9: Our assets in Bahía Blanca
Our assets in Bahía Blanca Cerri Complex Galván Plant 15 km 9
Slide 10: tgs is one of the largest producers of liquids in Argentina
tgs is one of the largest producers of liquids in Argentina LIQUIDS REVENUES AND EBITDA (US$MM) LIQUIDS PRODUCTION EVOLUTION (´000 MT) Ethane LPG Raw Gasoline 1,168 1,120 1,123 1,133 587 1,063 1,023 125 1,017 113 128 124 122 108 494 501 121 Revenues 222 441 441 393 38% 170 EBITDA 127 222 34% 174 682
Slide 11: Vaca Muerta conditioning expansion
SA) la Salina Sur Paso Bardas (YPF SA) Molina Norte El Churqui El Porton (YPF SA) Norte (YPF SA) (Total (YPF SA) (YPF SA) Austral SA) The vision was to expand conditioning, Fondo de la Legua/Block I Chachahuen Chapua Este Rio Barrancas CN-VI B (YPF SA) (San Jorge Petroleum SA) (G&P Neuquen (CNQ-4) (
Slide 12: 1st Midstream service provider in Vaca Muerta
1st Midstream service provider in Vaca Muerta MIDSTREAM AND OTHER SERVICES REVENUES AND EBITDA (MMm3/d) DAILY AVERAGE VOLUMES TRANSPORTED AND CONDITIONED 190 IN VACA MUERTA (MMm3/d) 169 Deliveries Conditioned 19,3 16,9 114 111 130 66% 68% 11,1 13,6 77 73 11,7 6,2 64% Revenues 57 48 51 7,3 EBITDA 20
Slide 13: Tratayén conditioning plant
Tratayén conditioning plant 2021 2023 2024 Expansion Mod. 1 Modules 2 and 3 Modules 4 and 5 2019 2.4MMm3/d 7.0 MMm3/d 13.2 MMm3/d Module 1 US$ 16 MM US$ 32 MM US$ 350 MM 5.4 MMm3/d Total capacity: Total capacity: Total capacity: 7.8 MMm3/d 14.8 MMm3/d 28 MMm3/d 13.2 MMm3/d Convertible to extract LPG
Slide 14: NGL project under evaluation
NGL project under evaluation • Natural gas processing plant (40 MMm3/d and 2.3 MM MT annual production of LPG and raw gasoline) in Tratayén. • Poliduct from Tratayén to Bahía Blanca. • Fractioning, storage and dispatching plants in Bahía Blanca. Tratayén • 100% for exports. Bahía • Executable under
Slide 15: Solid financial performance
Solid financial performance Revenue evolution EBITDA and EBITDA margin evolution US$mm US$mm 48% 49% 54% 49% 43% 50% 39% 904 926 948 822 781 855 473 676 437 401 385 402 368 336 2018 2019 2020 2021 2022 2023 LTM* 2018 2019 2020 2021 2022 2023 LTM* CapEx Net Leverage US$mm 266 215 225 235 1.0x 143 0.8
Slide 16: tgs’ financial situation
tgs’ financial situation • Strong cash generation. DEBT PROFILE (US$MM) • High level of cash and financial investments: US$ 697 MM as 490 of 09/30/2024. 16 • Diversified revenues with dollar based contracts in the non regulated business. 72 • Low level of debt, creating a huge opportunity to re-leve
Slide 17: Financial highlights
Financial highlights 9 MONTH PERIODS YEARS US$ MM1 2024 2023 2023 2022 2021 Net revenues 753 660 855 926 781 Natural Gas Transportation 281 148 185 225 210 Liquids 329 390 501 587 494 Midstream and Other Services 143 122 169 114 77 EBITDA 400 261 334 402 385 Net financial expense (28) (15) (90) (18)
Slide 18: Priority objectives for tgs
Commitment to Sustainable Development Goals (SDGs) Priority objectives for tgs ENVIRONMENTAL SOCIAL GOVERNANCE 18
Slide 19: ESG Strategic Plan
ESG Strategic Plan ENVIRONMENT SOCIAL CORPORATE GOVERNANCE STRATEGY OBJECTIVE STRATEGY OBJECTIVE STRATEGY OBJECTIVE Preserve the environment through a responsible Develop safe and healthy practices. Promote To manage our businesses within a framework of consumption and the minimization of negative d
Slide 20: For additional information on tgs, please contact:
For additional information on tgs, please contact: Leandro Perez Castaño, Finance and The material that follows is a presentation of general background These risks and uncertainties include, but are not limited to, changing information about Transportadora de Gas del Sur S.A. (“TGS” or the business,
Slide 21: Slide 21
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