Vista Energy Sab De Cv Class A · BMV:VISTA/A
Vista Energy Sab De Cv Class A — Vista Oil & Gas — Q3 2021 Earnings Presentation
13 slides from Vista Energy Sab De Cv Class A's earnings presentation, Oct 27, 2021
Slide 1: Third Quarter 2021 Earnings Webcast
Third Quarter 2021 Earnings Webcast October 27, 2021
Slide 2: About projections and forward-looking statements
2 About projections and forward-looking statements Additional information about Vista Oil & Gas, 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.
Slide 3: Q3 2021 highlights
Q3 2021 highlights 3 Continued growth in a positive free cash flow quarter 40.3 Mboe/d 31.0 Mbbl/d 175 $MM 7.3 $/boe +59% y-o-y +77% y-o-y +150% y-o-y (26)% y-o-y Production (1) Oil Production Revenue Lifting Cost 102.9 $MM 74.1 $MM 266 $MM 337 $MM +325% y-o-y +101% y-o-y 1.1x Adj. EBITDA Adj. EBITD
Slide 4: Production
Production 4 Production growth driven by solid Bajada del Palo Oeste performance TOTAL PRODUCTION (1) OIL PRODUCTION NATURAL GAS PRODUCTION Mboe/d Mbbl/d MMm3/d +59% +77% +21% 1% +11% (2)% 40.3 1.40 39.9 31.5 31.0 1.26 1.16 25.4 17.5 Q3-20 Q2-21 Q3-21 Q3-20 Q2-21 Q3-21 Q3-20 Q2-21 Q3-21 ▪ Total prod
Slide 5: Revenues and pricing
Revenues and pricing 5 Strong y-o-y revenue growth driven by an increase in production and higher realized prices REVENUES AVERAGE CRUDE OIL PRICE AVERAGE NATURAL GAS PRICE $MM $/Bbl $/MMBtu +150% +46% +89% +6% +4% +19% 4.1 175.0 54.9 57.0 165.3 3.5 39.1 2.2 69.9 Q3-20 Q2-21 Q3-21 Q3-20 Q2-21 Q3-21
Slide 6: Lifting Cost
Lifting Cost 6 Maintained flat lifting cost per boe q-o-q with stable production LIFTING COST (1) LIFTING COST PER BOE $MM $/boe +18% (26)% +3% 9.9 26.5 27.2 23.0 7.3 7.3 39.9 40.3 25.4 Q3-20 Q2-21 Q3-21 Q3-20 Q2-21 Q3-21 Lifting cost per boe Total production (Mboe/d) ▪ Lifting cost per boe down 26%
Slide 7: Adjusted EBITDA
Adjusted EBITDA 7 Maintained strong netback ADJ. EBITDA (1) ADJ. EBITDA MARGIN NETBACK (2) $MM % $/boe +325% +24pp +167% +1% (3)pp (1)% 102.3 102.9 62% 59% 28.2 27.8 35% 10.4 54.9 57.0 24.2 45.5 47.2 39.1 29.9 Q3-20 Q2-21 Q3-21 Q3-20 Q2-21 Q3-21 Q3-20 Q2-21 Q3-21 Adj. EBITDA margin Realized crude oi
Slide 8: Financial overview
Financial overview 8 Operating cash flow driving organic deleveraging Q3 2021 CASH FLOW EVOLUTION (1) Q3 2021 GROSS DEBT EVOLUTION $MM $MM Beginning of period Operating activities Investing activities Financing activities End of period Debt at the end Bank & bond Debt after Bond series XI Other Debt
Slide 9: Business development
Business development 9 Acquisition of 50% working interest in Aguada Federal and Bandurria Norte from ConocoPhillips DEAL BASICS ▪ Vista assumed the outstanding carry consideration of 77 $MM and made no upfront payment for 50% non-operating working interest in Aguada Federal and Bandurria Norte ▪ Pu
Slide 10: ESG progress
ESG progress 10 Reducing our carbon footprint Reinforcing our 2021 GHG emissions commitments (1) Forcasted GHG emissions intensity (1) Kg CO2e/boe 1 Currently executing 3 projects to reduce venting, forecasted to: ~ (30)% ▪ Reduce 100,000 tons of CO2e p.a. run rate, which offsets 100% emissions driv
Slide 11: Updating 2021 guidance
Updating 2021 guidance (1) 11 Improving 2021 guidance on the back of strong execution and higher realization prices SHALE OIL WELLS PRODUCTION LIFTING COST 20 wells P 38.0 - 39.0 P ~7.5 P tied-in Mboe/d $/boe ▪ 16 wells already tied-in ▪ YTD total production is 38.1 Mboe/d ▪ YTD lifting cost is 7.4$
Slide 12: Closing remarks
osing remarks r Continued strong performance across all key operational and financial metrics, recording 51 $MM of free cash flow for the quarter SS Solid D&C progress in Bajada del Palo Oeste, on track to deliver 20 new well tie-ins for the year, and accelerating 2022 work program Es es Successfull
Slide 13: Save the Date: Investor Day
SAVE 9 th THE DECEMBER 2021 9 AM EST DATE Investor Day Strategic Update Event hosted by Miguel Galuccio, Chairman and CEO, and other members of the Executive Team