Pampa Energia Sa · BCBA:PAMP

Pampa Energia Sa — Q4 2018 Earnings Presentation

16 slides from Pampa Energia Sa's earnings presentation, Mar 12, 2019

  1. Slide 1: Q4 2018 Results Call

    Q4 2018 Results Call March 12, 2019 10 AM EST / 11 AM ART

  2. Slide 2: Disclaimer

    Disclaimer The material that follows is a presentation of general background information about Pampa Energía SA 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 potential investors. This prese

  3. Slide 3: Today's Agenda

    Today’s Agenda • Presented by Lida Wang, IRO  Reporting considerations to take into  Q4 2018 consolidated net income account  Cash and debt  2018 key takeaways  Q&A session  Q4 2018 consolidated EBITDA  Results & news by business segment • Power generation • Electricity distribution • Oil & g

  4. Slide 4: 2018's Key Takeaways, in US$ Million

    2018’s Key Takeaways, in US$ Million 2018 EBITDA Consolidated Revenues1 Consolidated Adj. EBITDA2 Adjusted by Our Ownership3 +3% +31% 3,697 1,101 Electricity 3,586 58% 841 Edenor 11% E&P Transener 29% 5% TGS % 13% Power 42% Oil & Gas 2017 2017 2018 2018 2017 2017 2018 2018 42% Total CapEx by Busines

  5. Slide 5: Q4 2018 Consolidated Results

    Q4 2018 Consolidated Results Adjusted EBITDA from Continuing Businesses In nominal terms, million AR$ Adj. EBITDA Q4 18 3,546 (114) 1,805 9 35 1,562 6,843 +87% nominal AR$ -12% in US$ Power Electricity Refining & Petro- Holding, Q4 17 Generation Distribution Oil & Gas Marketing chemicals Others & Q4

  6. Slide 6: Power Generation

    Power Generation Adjusted EBITDA Generation Performance In million AR$, nominal terms In GWh Technical problem 3,546 AR$ devaluation at CTGEBA in Q4 17 +178% New PPAs in 3,325 Major maintenance force & full fare for legacy energy 2,693 at CTLL in Q4 17 Full operation of Mario Cebreiro CTIW & M

  7. Slide 7: Power Generation: Genelba Expansion

    Power Generation Genelba Expansion Pampa Energía ● Q4 2018 Earnings Call 7

  8. Slide 8: Power Generation: PEPE II & III Wind Farms Expansions

    Power Generation PEPE II & III Wind Farms Expansions Pampa Energía ● Q4 2018 Earnings Call 8

  9. Slide 9: Electricity Distribution

    Electricity Distribution Adjusted EBITDA Sales Performance In million AR$, nominal terms In GWh -8%  Lower demand 539  8% lower demand 5,063 4,652  Mild weather  Higher rate & cost (114) of energy losses 5%  Economic 6% recession  Higher penalties 38% 38%  Price-demand Def. income 381 and ope

  10. Slide 10: Oil & Gas

    Oil & Gas Adjusted EBITDA from Continuing Businesses Domestic Production Performance In million AR$, nominal terms In kboe per day +39% 1,805 FX impact 46.5  Lower gas Better oil sale price in US$ 42.5 production at R. del Mangrullo 1,295 Incl. OldelVal’s  End of service at EBITDA @ 23.1% Medan

  11. Slide 11: Oil & Gas

    Oil & Gas News Update • Natural gas price for power generation • Changes to the Unconventional Gas Plan • Public tender for gas supply on a firm basis for distributors • Operation update Pampa’s certified proven reserves evolution Liquids 12% Undeveloped 41% % Developed 59% Natural Gas 88% Argentina

  12. Slide 12: Petrochemicals

    Petrochemicals Adjusted EBITDA Sales Performance In million AR$, nominal terms In thousand ton FX impact 35 Fixed costs’ US$1,021/ton US$955/ton optimization 104 Excludes contingencies & 88 impairments  Lower int’l sale 61% Other prices in US$ 70% SBR  Lower demand 8% Styrene & (142)  Export d

  13. Slide 13: Holding & Others

    Holding & Others Adjusted EBITDA Affiliates’ EBITDA Performance @ 100% Ownership In million AR$, nominal terms In million AR$, nominal terms Transener TGS RTI + cost 1,535  Inflation 3,621 update update +137% 1,241 1,331 FX impact Lower 647 925 TGS 1,574 int’l price and 401 350 volume Transener

  14. Slide 14: Q4 2018 Consolidated Results: Net Income to Shareholders

    Q4 2018 Consolidated Results Net Income to Shareholders In million AR$, nominal terms Reported Q4 18 NI to 2,365 (1,136) 5,763 56 (7) (657) 6,384 Shareholders +AR$4.9bn nominal +100% in US$ Power Electricity Refining & Petro- Holding, Q4 17 Generation Distribution Oil & Gas Marketing chemicals Other

  15. Slide 15: Strong Cash & Debt Position

    Strong Cash & Debt Position Summary @ Dec-181 + Debt Cancellations Principal Debt Profile as of December 31, 20181 In US$ million In US$ million Consolidated debt from FS US$2,054 million Pampa Edenor Transener @ O/S TGS @ O/S Other affiliates @ O/S + Affiliates' debt @ O/S US$226 million 741 Pampa

  16. Slide 16: Thank you! Any Questions?

    Thank you! Any Questions? For further information, contact: • Gustavo Mariani CEO • Ricardo Torres Vice President • Mariano Batistella Executive Director of Planning, Strategy, Downstream & Affiliates • Lida Wang Investor Relations Officer The Pampa Energía Building, Maipú 1 (C1084ABA), Ciudad Autón

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