Vista Energy Sab De Cv Class A · BMV:VISTA/A
Vista Energy Sab De Cv Class A — Vista Oil & Gas, S.A.B. de C.V. — Q2 2019 Earnings Presentation
14 slides from Vista Energy Sab De Cv Class A's earnings presentation, Aug 8, 2019
Slide 1: Second quarter 2019 Earnings webcast
Exhibit 1 Second quarter 2019 Earnings webcast August 8th, 2019
Slide 2: About projections and forward-looking statements
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.co
Slide 3: 2nd quarter 2019 highlights
nd 2 quarter 2019 highlights Consolidated figures in Vista Oil & Gas, S.A.B. de C.V. include operations in Argentina and Mexico Outstanding results in Vaca Muerta development Bajada del Palo Oeste Reduced drilling and productivity among completion cost by 9% best-in-basin from first to second pad Da
Slide 4: Production
Production Growth driven by significant shale oil ramp-up Total production Oil production Mboe/d Mboe/d +19% +29% 29.0 18.8 25.7 5.1 24.4 0.7 15.1 4.7 14.6 0.0 0.6 0.4 24.4 25.0 23.9 14.3 14.5 14.1 Q2 2018 Q1 2019 Q2 2019 Q2 2018 Q1 2019 Q2 2019 Natural gas production NGL production MMm3d boe/d +5%
Slide 5: Revenues and pricing
Revenues and pricing Revenues growth driven by higher production Revenues Crude oil average price Natural gas average price $MM $/bbl $/MMBtu +9% (12)% (21)% 110.3 120.4 68.0 56.7 59.8 4.8 93.7 3.7 3.8 Q2 2018 Q1 2019 Q2 2019 Q2 2018 Q1 2019 Q2 2019 Q2 2018 Q1 2019 Q2 2019 Driven by higher volumes s
Slide 6: Opex
Opex Strong y.o.y. lifting cost reduction Total Opex Opex per boe $MM $/boe +4% (13)% 31.3 32.5 14.1 27.8 12.0 12.3 (1) (1) Q2 2018 Q1 2019 Q2 2019 Q2 2018 Q1 2019 Q2 2019 Continued focus on controlling costs with new contracting model; decrease in lifting cost versus Q2 2018 driven by shale product
Slide 7: Adjusted EBITDA
Adjusted EBITDA Y.o.y. growth driven by shale oil production ramp-up Adj. EBITDA (1) Adj. EBITDA Margin $MM % +5% 49.1 51.5 45% 40% 43% 37.1 Q2 2018 Q1 2019 Q2 2019 Q2 2018 Q1 2019 Q2 2019 Production growth more than offsets lower realized prices (1) Adj. EBITDA = Net (loss) / profit for the period
Slide 8: Financial overview
Financial overview Solid financial position Q2 2019 Vista consolidated cash flow $MM (3) (4) (5) Cash flow from operating activities Cash flow from investing activities Financial debt breakdown As of June 30, 2019 Quarterly leverage ratios as of June 30, 2019 (1) 5-year unsecured term loan 305.6 Gro
Slide 9: Funding Aleph Midstream joint-venture
Funding Aleph Midstream joint-venture Strategic transaction frees up capital for higher return upstream activities Transaction Summary Vista, Riverstone and Southern Cross created an independent midstream company to operate in the Neuquina basin focused on Vaca Muerta shale oil Vista is expected to
Slide 10: Funding: capital markets activity
Funding: capital markets activity Raised $200 million through dual listing in NYSE and two-tranche Argentine bond issuances Vista closed and settled a global offering of 10,906,257 Vista Argentina raised $50 million in 24-month local bond shares in NYSE and BMV and began trading on the NYSE issuance
Slide 11: Vaca Muerta development (1/2)
Vaca Muerta development (1/2) Significant drilling and completion improvement between first and second pads State-of-the-art technology Improved efficiency in second pad Drilling: Drilling speed Completion speed Drilled surface and intermediate sections with spudder rig ft/day stages/day Rotary Stee
Slide 12: Vaca Muerta development (2/2)
Vaca Muerta development (2/2) Strong results from the first 4-well pad in Bajada del Palo Oeste Outstanding production performance above Vista’s type curve Mboe Mboe/d 2.4 180 Peak IP-30 (boe/d) 180.1 2.1 177.6 1.8 MdM-2013h 1,310 1.5 160 1.2 MdM-2014h 1,884 0.9 MdM-2015h 1,392 0.6 140 138.1 133.3 0
Slide 13: Closing remarks
Closing remarks Ramped-up production driven by the Bajada del Palo Oeste development with first 4-well pad consolidated performance among the best in Vaca Muerta Significant drilling and completion improvements from the first to the second pad Increased Adj. EBITDA driven by higher volumes and opex
Slide 14: Thanks! Q&A
Thanks! Q&A
Vista Oil & Gas, S.A.B. de C.V. — Q2 2019 Earnings Presentation on 6ix