Vista Energy Sab De Cv Class A · BMV:VISTA/A
Vista Energy Sab De Cv Class A — Q2 2022 Earnings Presentation
13 slides from Vista Energy Sab De Cv Class A's earnings presentation, Jul 27, 2022
Slide 1: Second Quarter 2022 Earnings Webcast
Second Quarter 2022 Earnings Webcast July 27, 2022
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.vistaoilandgas.co
Slide 3: Delivered strong operational and financial performance
03 Delivered strong operational and financial performance Q2 2022 highlights: 44.8 Mboe/d 36.9 Mbbl/d +12% y-o-y +17% y-o-y Production (1) Oil Production 294.3 $MM 7.8 $/boe +78% y-o-y +7% y-o-y Revenues Lifting Cost (2) 151.4 $MM 202.1 $MM +102% y-o-y +97% y-o-y CAPEX (3) Adj. EBITDA (4) 62.6 $MM 0
Slide 4: Double-digit production growth
04 Double-digit production growth TOTAL PRODUCTION (1) OIL PRODUCTION NATURAL GAS PRODUCTION Mboe/d Mbbl/d MMm3/d +12% +17% (6)% +2% +4% (4)% 43.9 44.8 35.6 36.9 39.9 31.5 1.26 1.24 1.19 Q2-21 Q1-22 Q2-22 Q2-21 Q1-22 Q2-22 Q2-21 Q1-22 Q2-22 ▪ Production growth driven by tie-in of 2-well pad #11 in B
Slide 5: Continuous progress in shale development
05 Continuous progress in shale development PADS TIED-IN & TO BE TIED-IN BAJADA DEL PALO WELL PERFORMANCE (1) Aguada 35 30 25 20 Mboe Cumulative production after 120 days Federal 200 AF2 AF3 40 AF1 150 Bajada del BPO type curve (3) Palo Este 5 15 Bajada del Palo Oeste 100 11 12 50 1 3 16 10 14 4 2 8
Slide 6: Strong y-o-y revenue growth, driven by higher oil production and prices
06 Strong y-o-y revenue growth, driven by higher oil production and prices REVENUES AVERAGE CRUDE OIL PRICE AVERAGE NATURAL GAS PRICE $MM $/bbl $/MMBtu +78% +43% +11% +42% 294.3 +22% 78.4 +28% 3.9 3.5 64.1 207.9 3.0 54.9 165.3 147.0 77.1 26.8 Q2-21 Q1-22 Q2-22 Q2-21 Q1-22 Q2-22 Q2-21 Q1-22 Q2-22 Tot
Slide 7: Successfully contained cost pressure
07 Successfully contained cost pressure LIFTING COST (1) LIFTING COST PER BOE (1) $MM $/boe +20% +7% 30.8 31.7 7.8 7.8 26.5 7.3 43.9 44.8 39.9 Q2-21 Q1-22 Q2-22 Q2-21 Q1-22 Q2-22 Lifting cost per boe Total production (Mboe/d) ▪ Actively implementing cost saving initiatives to contain the impact of r
Slide 8: Two-fold increase in Adj. EBITDA y-o-y
08 Two-fold increase in Adj. EBITDA y-o-y ADJ. EBITDA (1) ADJ. EBITDA MARGIN NETBACK (2) $MM % $/boe +97% +7 pp +76% +59% 202.1 +54% 49.5 +8 pp 69% 62% 61% 127.1 32.2 28.2 102.3 78.4 64.1 54.9 Q2-21 Q1-22 Q2-22 Q2-21 Q1-22 Q2-22 Q2-21 Q1-22 Q2-22 Adj. EBITDA margin Realized crude oil price ($/bbl) ▪
Slide 9: FCF generation while continuously executing gross debt reduction plan
09 FCF generation while continuously executing gross debt reduction plan 9 Q2 2022 CASH FLOW EVOLUTION (1) FREE CASH FLOW (3) $MM $MM +76% 62.6 35.5 33.0 Beginning of period Operating activities Investing activities Financing activities End of period Q2-21 Q1-22 Q2-22 cash position cash flow cash fl
Slide 10: Focused execution of carbon footprint reduction projects
10 Focused execution of carbon footprint reduction projects 10 Reinforcing our 2022 GHG emissions reduction commitments (1) Forecasted GHG emissions intensity (1) Kg CO2e/boe ✓ Key GHG emissions reduction projects under execution ▪ Optimization of glycol dehydrators in compressor stations (3 out of
Slide 11: Updating 2022 guidance
11 Updating 2022 guidance (1) SHALE OIL WELLS P PRODUCTION P LIFTING COST (2) P # Mboe/d Mboe/d 32 +47.0 7.5 24 46.0 - 47.0 Original Guidance Updated Original Guidance Updated Original Guidance (maintained) ▪ Added 4 in BPO, 2 in AF and 2 in BPE ▪ 2022 exit rate expected >52 Mboe/d ▪ Cost dilution i
Slide 12: Closing remarks
12 Closing remarks STRONG FINANCIAL PERFORMANCE driven by production growth and higher realized oil prices CONTINUE TO DEVELOP BAJADA DEL PALO OESTE expanding core development into Aguada Federal, and complemented by strong pilot results in Bajada del Palo Este DE-CARBONIZATION PLAN ON TRACK forecas
Slide 13: THANKS! Q&A
THANKS! Q&A 13