Pampa Energia Sa · BCBA:PAMP

Pampa Energia Sa — Q2 2021 Earnings Presentation

12 slides from Pampa Energia Sa's earnings presentation, June 2021

  1. Slide 1: Q2 2021 results videoconference

    Q2 2021 results videoconference

  2. Slide 2: Disclaimer

    Disclaimer The material that follows is a presentation of general background information about Pampa Energia S.A.("Pampa” or the “Company”) as of the date of the presentation. It is information in summary form and does not purport to be complete. It is not intended to be relied upon as advice to pot

  3. Slide 3: The main highlights of the quarter

    The main highlights of the quarter • All-time-high record gas production at El Mangrullo • Oil, gas & petchem prices back to 2018 trends • AR$ increase for legacy energy • Closing of Edenor sale • Continuing deleveraging of balance sheet Mario Cebreiro Wind Farm Pampa Energía ⚫ 3

  4. Slide 4: Q2 2021's key takeaways - consolidated figures

    Q2 2021’s key takeaways - consolidated figures, in US$ million Another solid quarter, boosted by seasonality and operating performance Revenues1 Consolidated adjusted EBITDA1 +52% yoy 420 456 +9% qoq +79% yoy 241 +18% qoq 299 ✓ 204 ✓ ✓ 135 ✓ ✓ ✓  48% 53%   45%  Q2 21 Q2 21 Capex1 Consolidated ad

  5. Slide 5: Power generation

    Power generation A resilient business that helps to anchor our performance Adjusted EBITDA1, in US$ million Generation performance, in GWh +26% yoy 4,442 115 121 +5% qoq 3,808 +10% yoy 3,461 -14% qoq 96 ✓ ✓ 63% 63% ✓ ✓ ✓ 68%  ✓    Q2 21 Q2 21 Availability performance, in % to installed capacity

  6. Slide 6: Ensenada Barragán Thermal Power Plant

    Ensenada Barragán Thermal Power Plant Key infrastructure project for Argentina’s electricity supply Aerial view of CTEB Pampa Energía ⚫ 6

  7. Slide 7: Oil and Gas

    Oil and Gas Higher prices and increasing productivity delivered a sound performance Adjusted EBITDA1, in US$ million Lifting cost, in US$ million 12x yoy 73 +121% qoq +20% yoy 23 25 +9% qoq ✓ 21 ✓  33 68% ✓ ✓  5.8 5.8  5.2 ✓ 6 11% 40% Q2 21 Q2 21 Production performance, in kboe/d Crude oil sales,

  8. Slide 8: Oil and Gas: Plan Gas

    Oil and Gas Plan Gas is paving the recovery way for domestic production Gas sales, in mcfpd Weighted avg gas price for Pampa, in US$/MBTU 2021 +4% yoy 253 241 262 +9% qoq 3.1 3.9 3.1 3.3 2.6 ✓ ✓ ✓  Q2 21 Q3 Destination of our sales, YTD Pampa Pampa Energía ⚫ 8

  9. Slide 9: Petrochemicals

    Petrochemicals The surge in demand and price hikes resulted in another good quarter Adj. EBITDA, in US$ million Sales performance, in thousand ton 1,285 18 16 4x yoy 98 +46% yoy 76 -22% qoq ✓ ✓ 52 ✓ 4 17% 16% ✓ ✓  10%  Q2 21 Q2 21 Q2 21 sales breakdown by market 39% % 61% Pampa Energía ⚫ 9

  10. Slide 10: Strong financial position: cash generation

    Strong financial position Cash generation from solid operating performance and improved profitability Key cash flow figures for the Restricted Group, US$ million Q2 21 FCF = US$72 million +US$50m yoy +US$69m yoy +US$54m qoq Pampa Energía ⚫ 10

  11. Slide 11: Strong financial position: paying out ST AR$-debt and improving leverage

    Strong financial position Paying out ST AR$-debt and improving leverage ratios Key leverage figures, as of June 30, 20211, US$ million Consolidated with Restricted Group Affiliates at ownership3 affiliates at ownership Debt2 1,505 359 1,864 After Q2 2021: Cash 462 87 549 • Net debt 1,042 273 1,315 L

  12. Slide 12: pampaenergia.com - (in) (Ff) © “ energia

    pampaenergia.com - (in) (Ff) © “ energia

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