Ypf Sa Class D · BCBA:YPFD
Ypf Sa Class D — Investor Presentation (December 2024)
20 slides from Ypf Sa Class D's investor presentation, December 2024
Slide 1: Investor Presentation December 2024
Documento: YPF-Público INVESTOR PRESENTATION DECEMBER 2024 Documento: YPF-Público
Slide 2: Important Notice
IMPORTANT NOTICE Documento: YPF-Público Safe harbor statement under the U.S. Private Securities Litigation Reform Act of 1995 (the “Private Securities Litigation Reform Act”). This document contains statements that YPF believes constitute forward-looking statements under within the meaning of the Pr
Slide 3: Agenda
Documento: YPF-Público AGENDA 01. COMPANY OVERVIEW 02. UPSTREAM 03. DOWNSTREAM 04. LATEST FINANCIAL RESULTS Documento: YPF-Público
Slide 4: Largest and leading company in Argentina
LARGEST AND LEADING COMPANY IN ARGENTINA Documento: YPF-Público Leading integrated player in the local O&G industry The National State is the controlling shareholder YPF is the largest company in Argentina – in with a 51% stake. The remaining 49% floats terms of revenues – with almost 100-year-old h
Slide 5: Integrated across the entire value chain
INTEGRATED ACROSS THE ENTIRE VALUE CHAIN Documento: YPF-Público DOMESTIC DOMESTIC 83% Domestic prices CRUDE PRODUCTION MARKET REFINING MARKET (gasoline and diesel) OIL 88% 297 17% International prices (jet fuel, 254 90% kerosene, fuel oil, LPG and other) EXPORTS Kbbl/d Kbbl/d 12% International price
Slide 6: ESG Performance
ESG PERFORMANCE Documento: YPF-Público DEEPENING THE PATH TO LOW-CARBON ENERGY PRODUCTION AS WE CONTINUE FOCUSING ON OUR SHALE PRODUCTION AND GROWING OUR RENEWABLE PORTFOLIO BREAKDOWN OF INTENSITY OF SCOPE 1+2 GHG EMISSIONS UPSTREAM (2) DIRECT GHG EMISSIONS 5% (3) KgCO2e/ BOE Int Total Upstream + Mi
Slide 7: Profitability of our main affiliates
PROFITABILITY OF OUR MAIN AFFILIATES Documento: YPF-Público EQUITY STAKE EQUITY STAKE EQUITY STAKE EQUITY STAKE EQUITY STAKE 50% 38% 75% 37% 100% LTM EBITDA (US$ ) (1) LTM EBITDA (US$ ) (1) LTM EBITDA (US$ ) (1) LTM EBITDA (US$ ) (1) LTM EBITDA (US$ ) (1) 337 mn 162 mn 350 mn 78 mn 129 mn One of the
Slide 8: Agenda
Documento: YPF-Público AGENDA 01. COMPANY OVERVIEW 02. UPSTREAM 03. DOWNSTREAM 04. LATEST FINANCIAL RESULTS Documento: YPF-Público
Slide 9: Largest hydrocarbon producer in the country
LARGEST HYDROCARBON PRODUCER IN THE COUNTRY Documento: YPF-Público UPSTREAM PORTFOLIO (1) PRODUCTION (2) Market share breakdown (%) TOTAL Other NOROESTE DOMINANT A PRODUCTION: 32% UPSTREAM 3.4 mm boe % LIQUIDS: % GAS: A POSITION WITH 11% 89% OPERATIONS IN ALL B CUYANA http://www.misionesperanza.org.
Slide 10: Operational performance: shale leading future growth
OPERATIONAL PERFORMANCE Documento: YPF-Público TOTAL PRODUCTION (2) NGL Natural Gas Crude Oil NET SHALE PRODUCTION (2) Shale Oil Shale Gas KBOE/D % Shale / Total KBBL/D & KBOE/D LARGEST +19% +2.6x +1.8x O&G 147 PRODUCER 30% 40% 46% 55% 126 138 WITH SHALE 122 514 559 101 108 503 97 LEADING 470 49 42
Slide 11: Early stage of development within Vaca Muerta acreage
OPERATIONAL PERFORMANCE Documento: YPF-Público WE ARE STILL AT AN EARLY STAGE OF DEVELOPMENT WITHIN STRATEGIC PARTNERS OUR VACA MUERTA ACREAGE YPF OPERATOR Exploration Pre-development VACA MUERTA´S 3.0 Development TOTAL ACREAGE YPF NON OPERATOR AND YPF´S SHARE Exploration 1.6 2.6 Development Million
Slide 12: Total P1 reserves declined by 10%
OPERATIONAL PERFORMANCE Documento: YPF-Público TOTAL P1 RESERVES DECLINED BY 10% MOSTLY IN OUR CONVENTIONAL ASSETS, WHILE SHALE RESERVES REMAINED STABLE AND DEVELOPED RESERVES INCREASED SLIGHTY EVOLUTION OF HYDROCARBON PROVED RESERVES EVOLUTION OF HYDROCARBON PROVED RESERVES Million BOE Shale Other
Slide 13: Agenda
Documento: YPF-Público AGENDA 01. COMPANY OVERVIEW 02. UPSTREAM 03. DOWNSTREAM 04. LATEST FINANCIAL RESULTS Documento: YPF-Público
Slide 14: Leading downstream player in Argentina
LEADING DOWNSTREAM PLAYER IN ARGENTINA Documento: YPF-Público DOWNSTREAM PORTFOLIO REFINING Over 50% of Argentina’s refining capacity, A LUJÁN DE CUYO CAPACITY: operating 3 wholly-owned refineries with D 114 Kbbl/d 328.1 Kbbl/d capacity (2)(3). B LA PLATA High level of conversion and complexity. CAP
Slide 15: Leading player in the local downstream segment
OPERATIONAL PERFORMANCE Documento: YPF-Público Exports SALES OF REFINED PRODUCTS Other Local GASOLINE & DIESEL SALES (1) Jet Fuel LEADING Mm M3 Gasoline Diesel Market share breakdown (%) OTHER PLAYER IN https://csonline.axionenergy.com/Images/AxionEnergyMainLogo.jpg 5% 19.8 19.2 7% THE LOCAL 17.3 19
Slide 16: Agenda
Documento: YPF-Público AGENDA 01. COMPANY OVERVIEW 02. UPSTREAM 03. DOWNSTREAM 04. LATEST FINANCIAL RESULTS Documento: YPF-Público
Slide 17: 3Q24 Earnings Results
Documento: YPF-Público 3Q24 EARNINGS RESULTS Notes: (1) Adjusted EBITDA = EBITDA that excludes IFRS 16 and IAS 29 effects +/- one-off items (2) FCF = Cash flow from Operations less capex (investing activities), M&A (investing activities), and interest and leasing payments (financing activities). REV
Slide 18: Local fuel price strategy fully in line with import parities
DOWNSTREAM OPERATING PERFORMANCE Documento: YPF-Público REFINING UTILIZATION DOMESTIC FUELS’ SALES AND FUEL IMPORTS (1) LOCAL FUEL PRICE Gasoline (1) Imports as % of total fuels’ sales % - KBBL/D KM3 STRATEGY FULLY IN Diesel LINE WITH IMPORT 91% 91% FUEL IMPORTS 450 84% 100% PARITIES AFTER 400 90% 7
Slide 19: Financial results
FINANCIAL RESULTS Documento: YPF-Público NEGATIVE FREE CASH FLOW, AS EXPECTED, PRIMARILY ON THE BACK OF FULLY DEPLOYED CAPEX PLAN, WHILE MAINTAINING A SOLID LIQUIDITY POSITION International bonds CONSOLIDATED CASH FLOW (1) CONSOLIDATED PRINCIPAL Other local debt DEBT AMORTIZATION SCHEDULE Other inte
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