Transportadora De Gas Del Sur Sa Class B · BCBA:TGSU2
Transportadora De Gas Del Sur Sa Class B — Gas Transporter of the South — H1 2017 Earnings Presentation
30 slides from Transportadora De Gas Del Sur Sa Class B's earnings presentation, Aug 24, 2017
Slide 1: Overview
Overview For the six-month period ended June 30, 2017, the Company has reported a total comprehensive income of Ps. 1,300.4 million, compared with a total comprehensive income of Ps. 317.4 million reported in the same period last year, representing a Ps. 983.0 million increase. This positive variati
Slide 2: Exchange loss, income tax and liquidity
This positive variation is mainly due to the lower exchange loss of Ps. 345.4 million as a result of the lower depreciation of the Argentine peso against U.S. dollar. The selling exchange rate of the peso ended at a value of Ps. 16.63 per US dollar at June 30, 2017, representing an increase of 4.7%
Slide 3: Cash flow variation and Second Quarter 2017 vs. 2016
The net positive variation in cash and cash equivalents in the first half of 2017 was Ps. 196.6 million higher than the cash and cash equivalents variation reported in the first half of 2016. The increase in the net cash flow generated by operations contributed with Ps. 498.0 million, primarily as a
Slide 4: Second quarter 2017 results
For the second quarter 2017, TGS posted total comprehensive income of Ps. 635.6 million, compared to Ps. 369.5 million recorded in the 2016 period. Total net revenues for the second quarter of 2017 increased Ps. 1,025.5 million or 54.1% over the same period of the previous year. Net revenues from Na
Slide 5: Consolidated Comprehensive Income Summary
5. Consolidated Comprehensive Income Summary Summary of the consolidated comprehensive income information for the six-month periods ended June 30, 2017, 2016, 2015, 2014 and 2013:
Slide 6: Consolidated Cash Flows Summary
6. Consolidated Cash Flows Summary Summary of the consolidated cash flows information for the six-month periods ended June 30, 2017, 2016, 2015, 2014 and 2013:
Slide 7: Statistical Data (Physical Units)
7. Statistical Data (Physical Units)
Slide 8: Statistical data: gas transportation and NGL production
‘Six-month period ended June 30, ‘Sec ond quarter ended June 30, 2017 2016 2015 2014 2013 2017 2016 2015 2018 2013 Gas Transportation Average firmcontracted capacity Ga billions of cubic feet per day(‘Befid")) 2.78 278 24 297 90 278 233 285 2a 29 Average daily deliveries Gn Bcf'é) 22 232 219 20 221
Slide 9: Statements of Financial Position
Gustavo Mariani Vicechairman of the Board of Directors English translation of the original prepared in Spanish for publication in Argentina TRANSPORTADORA DE GAS DEL SUR S.A. CONDENSED INTERIM CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AS OF JUNE 30, 2017 AND DECEMBER 31, 2016 (Stated in thousand
Slide 10: Statements of Changes in Equity
Gustavo Mariani Vicechairman of the Board of Directors English translation of the original prepared in Spanish for publication in Argentina TRANSPORTADORA DE GAS DEL SUR S.A. CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY FOR THE SIX-MONTH PERIODS ENDED JUNE 30, 2017 AND 2016 (Stated
Slide 11: Statements of Cash Flows
Gustavo Mariani Vicechairman of the Board of Directors English translation of the original prepared in Spanish for publication in Argentina TRANSPORTADORA DE GAS DEL SUR S.A. CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE SIX-MONTH PERIODS ENDED JUNE 30, 2017 AND 2016 (Stated in tho
Slide 12: Notes: General Information and Business Overview
Gustavo Mariani Vicechairman of the Board of Directors English translation of the original prepared in Spanish for publication in Argentina TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2017 AND COMPARATIVE INFORMATION (Stated in t
Slide 13: Segment information, six months ended June 30, 2017
Six-month period ended June 30, 2017 Production and NaturalGas Commercialization of Other Transportation Liquids Services Telecommunications Total Revenue from sales “ 1,921,346 3,174,833 341,940 37,924 5,476,043 Cost ofsales (24,419) (2.056312) (174,425) (20,977) (2.876.133) ‘Administrative expense
Slide 14: Summary of significant financial position and comprehensive income items
9. SUMMARY OF SIGNIFICANT STATEMENT OF FINANCIAL POSITION AND STATEMENT OF COMPREHENSIVE INCOME ITEMS a) Other receivables
Slide 15: Other receivables by currency
The breakdown of other receivables based on its currency of origin is the following: English translation of the original prepared in Spanish for publication in Argentina TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2017 AND COMPAR
Slide 16: Trade receivables by currency
The breakdown of trade receivables based on its currency of origin is the following:
Slide 17: Cash and cash equivalents
English translation of the original prepared in Spanish for publication in Argentina TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2017 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless otherw
Slide 18: Advances from customers
Advances from customers are denominated in pesos. e) Other payables
Slide 19: Other payables and taxes payables
Other payables are denominated in pesos. f) Taxes payables
Slide 20: Net financial results
English translation of the original prepared in Spanish for publication in Argentina TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2017 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless otherw
Slide 21: Net financial results table
For the three-month period For the six-month period ‘ended June 30, ended June 30, 2017 2016 2017 2016 Financial income Deriva five financia/instroment results = G14 = Z Interest income 0@3 23709 Esl 71959 Fair vahe gains on fnansilins toments through prof or boss 64.788 8768 106,090 5980 Fowign exc
Slide 22: Loans
English translation of the original prepared in Spanish for publication in Argentina TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2017 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless otherw
Slide 23: Loans by currency
The breakdown of loans based on its currency of origin is the following:
Slide 24: Loan maturities
The maturities of the current and non-current loans as of June 30, 2017 are as follows:
Slide 25: Financial instruments by category and hierarchy
The total amount of provisions is included on current Liabilities. English translation of the original prepared in Spanish for publication in Argentina TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2017 AND COMPARATIVE INFORMATION
Slide 26: Financial assets and liabilities categories
English translation of the original prepared in Spanish for publication in Argentina TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2017 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless otherw
Slide 27: Fair value measurement hierarchy and estimates
16.2 Fair value measurement hierarchy and estimates According to IFRS 13, the fair value hierarchy introduces three levels of inputs based on the lowest level of input significant to the overall fair value. These levels are: · Level 1: includes financial assets and liabilities whose fair values are
Slide 28: Related party transactions 2017
The detail of significant transactions with related parties for the six-month period ended June 30, 2017 and 2016 is as follows: Six-month period ended June 30, 2017:
Slide 29: Related party transactions 2016
English translation of the original prepared in Spanish for publication in Argentina TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2017 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless otherw
Slide 30: Subsidiary and Associates
SUBSIDIARY AND ASSOCIATES Link: Link was created in February 2001, with the purpose of the operation of a natural gas transportation system, which links TGS’s natural gas transportation system with the Cruz del Sur S.A. pipeline. The connection pipeline extends from Buchanan, located in the high-pre
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