Ypf Sa Class D · BCBA:YPFD
Ypf Sa Class D — Q3 2020 Earnings Presentation
12 slides from Ypf Sa Class D's earnings presentation, Nov 11, 2020
Slide 1: 3rd Quarter 2020 Earnings Webcast
3rd QUARTER 2020 EARNINGS WEBCAST NOVEMBER 11 TH, 2020
Slide 2: Important Notice
IMPORTANT NOTICE Saf e harbor statement under the US Priv ate Securities Litigation Ref orm Act of 1995. This document contains statements that Y PF believ es constitute f orward-looking statements within the meaning of the US Priv ate Securities Litigation Ref orm Act of 1995. These f orward-lookin
Slide 3: Main Highlights 3rd Quarter 2020
OPERATIONAL FINANCIAL & STRATEGIC MAIN 01 Successfully executed planned works despite COVID – major maintenance at La 01 Actively managed our liquidity to mitigate currency exposure while minimizing cost HIGHLIGHTS Plata refinery and CODs at YPF Luz. of carry. 02 02 Demand for refined products has b
Slide 4: Continued prioritizing financial sustainability despite improving conditions
CONTINUED PRIORITIZING FINANCIAL SUSTAINABILITY DESPITE IMPROVING CONDITIONS REVENUES CAPEX In Millions of US$ In Millions of US$ -30% -31% -60% -70% 10,309 849 2,540 3,309 +20% 7,106 +59% 2,327 1,947 1,017 257 162 3Q19 2Q20 3Q20 9M19 9M20 3Q19 2Q20 3Q20 9M19 9M20 OPEX Purchases + stock OPERATING CO
Slide 5: Operating margins showed signs of recovery from historically low levels
OPERATING MARGINS SHOWED SIGNS OF RECOVERY FROM HISTORICALLY LOW LEVELS +13x Q/Q -60% Y/Y ADJUSTED EBITDA (1) 392 -711 In Millions of US$ 97 148 202 -83 28 -319 Upstream Downstream Gas & Power Corporate & D&A + other Op. Incom e Adj. EBITDA Upstream Dow nstream Gas & Pow er Corporate & Adj. EBITDA E
Slide 6: Stabilized production on the back of a gradual resumption in activity
STABILIZED PRODUCTION ON THE BACK OF A GRADUAL RESUMPTION IN ACTIVITY (1) For pulling activities. TOTAL PRODUCTION NGL Natural Gas Crude Oil ACTIVITY EVOLUTION Drilling Workover Pulling KBOE/D -9% # of equipment 126 123 514 +0.4% 69 467 468 57 38 40 46 45 19 20 250 220 221 2019 1Q20 2Q20 Jul-20 Aug-
Slide 7: Very low R&M margins but recovering on growing demand and price adjustments
VERY LOW R&M MARGINS BUT RECOVERING ON GROWING DEMAND AND PRICE ADJUSTMENTS Gasoline Diesel FUELS SALES REFINERY UTILIZATION Jet f uel Diesel ex. 3Q20 Q/Q KM3 CAMMESA Gasoline +41% % Diesel +22% (+10% ex. CAMMESA) 3Q20 Jet Fuel +4% 90% 91% Utilization 73% 800 Y/Y 86% 90% -18% 600 80% 76% 70% 83% 400
Slide 8: Actively managed our liquidity position to mitigate FX risk
ACTIVELY MANAGED OUR LIQUIDITY POSITION TO MITIGATE FX RISK CONSOLIDATED STATEMENT OF (1) Cash and equivalents at the end of 2Q20 converted to US$ using the June 30, 2020 exchange rate of AR$70.36 to US$1.00. Cash and equivalents at the end of 3Q20 converted to US$ using the September 30, 2020 ADJUS
Slide 9: Manageable short-term maturities despite turbulent market conditions
MANAGEABLE SHORT-TERM MATURITIES DESPITE TURBULENT MARKET CONDITIONS CONSOLIDATED DEBT AMORTIZATION BY TYPE (1) 01 In July, we completed a market friendly liability In Millions of US$ management exercise on the 2,269 2021 notes reaching an International Bonds acceptance level of 58.7% (US$587 millio
Slide 10: Guidance and Outlook
2020 ADJUSTED EBITDA CAPEX PRODUCTION GUIDANCE ~US$1.5 Bn ~US$1.5 Bn -10% Y/Y area 01 Recovery in profitability to continue as 02 Higher oil and gas production on demand further improves, prices at the pump remain relatively stable in dollars, and OPEX efficiencies are consolidated. more aggressive
Slide 11: Questions and Answers
3rd QUARTER 2020 EARNINGS WEBCAST QUESTIONS AND ANSWERS
Slide 12: YPF Investor Center
YPF YPF INVESTOR CENTER