Ypf Sa Class D · BCBA:YPFD
Ypf Sa Class D — Q1 2013 Earnings Presentation
19 slides from Ypf Sa Class D's earnings presentation, May 2013
Slide 1: 1st Quarter 2013 Earnings Webcast
1st Quarter 2013 Earnings Webcast May 2013
Slide 2: Disclaimer
Disclaimer Safe harbor statement under the US Private Securities Litigation Reform Act of 1995. This document contains statements that YPF believes constitute forward-looking statements within the meaning of the US Private Securities Litigation Reform Act of 1995. These forward-looking statements ma
Slide 3: Agenda
Agenda 1 Q1 2013 Results 2 Financial Situation 3 La Plata Refinery Incident 4 Summary 3
Slide 4: Q1 2013 Results Highlights
Q1 2013 Results Highlights Revenues reached ARS 18.6 bn (+25.5% vs. Q1 2012) Operating income was ARS 2.5 bn (+1.3% vs. Q1 2012); Net income was ARS 1,258 million (-2.8% vs. Q1 2012) EBITDA reached ARS 5.4bn (+20.7% vs. Q1 2012) Total capex topped ARS 4.2 bn (+100.8% vs. Q1 2012) Crude oil productio
Slide 5: Q1 2013 Operating Income
Q1 2013 Operating Income Slight increase of operating income (+1.3% vs Q1 2012) driven by higher revenues (25.5% vs. Q1 2012) In million of ARS 3,784 59 38 -1,817 2,499 2,533 -1,368 -339 -323 Q1 2012 Revenues Others Exploration Purchases Costs of DD&A SG&A Q1 2013 expenses sales 5
Slide 6: Q1 2013 Operating income
Q1 2013 Operating income Higher Downstream earnings were partially offset by lower Upstream and Controlled Companies earnings In million of ARS 201 125 -109 2,533 2,499 -183 Q1 2012 Downstream Others Controlled Upstream Q1 2013 companies 6
Slide 7: Q1 2013 Upstream Results
Q1 2013 Upstream Results Upstream operating income was ARS 1,872 million, mainly due to higher expenses related to construction contracts, repair and maintenance services In million of ARS 1,222 60 37 2,113 1,872 -1,000 -280 -222 -58 Q1 2012 Revenues Purchases Others Production DD&A Royalties Contro
Slide 8: Q1 2013 Upstream Results - Production
Q1 2013 Upstream Results - Production Downward trend in production from previous years continues to be reverted Crude oil production (kbbl/d) Natural gas production (Mm3/d) -0.7% -3.7% March ’13: 228.4 Kbbl/d 229.3 March ’13: 227.9 227.3 225.2 226.3 32.3 Mm3/d 34.1 34.7 32.6 32.2 31.4 Q1 2012 Q2 201
Slide 9: Q1 2013 Downstream Results
Q1 2013 Downstream Results Higher prices (ARS 1,936 million) and higher volumes (ARS 649 million) of gasoline and diesel had a favorable impact on the downstream earnings In million of ARS 3,160 22 -2,263 -460 1,210 1,063 -276 -36 Q1 2012 Revenues Controlled Purchases Production SG&A DD&A Q1 2013 Co
Slide 10: Q1 2013 Downstream Results - Sales
Q1 2013 Downstream Results - Sales Higher utilization rates and strong demand led to an increase in sales of petroleum products of 7.4% Refinery throughput Sales of refined products (kbbl/d) (Km3) +8.7% +7.4% Others 288 265 3,889 3,621 LPG Fuel Oil Jet fuel and kerosene Gasoline Diesel Q1 2012 Q1 20
Slide 11: Q1 2013 Capex
Q1 2013 Capex(1) Upstream Higher investments mostly in +100.8% Neuquina basin (Loma La Lata, Aguada Toledo - Sierra Barrosa 4,282 and Octógono) and Golfo San Jorge basin (Manantiales Behr and El Trebol). 2,132 Downstream Progress of the new coke unit at the La Plata refinery and the Continuous Catal
Slide 12: Agenda
Agenda 1 Q1 2013 Results 2 Financial Situation 3 La Plata Refinery Incident 4 Summary 12
Slide 13: Highlights Q1 2013 - Financial Results (cont.)
Highlights Q1 2013 - Financial Results (cont.) Successfully financed increased capex with issuance of ARS 2bn notes in the local market during Q1 2013 (ARS 5.3bn up to date, totaling ARS 14.7bn since Q2 2012), while maintaining a cash cushion and improving debt profile. In million of ARS Notes Amoun
Slide 14: Agenda
Agenda 1 Q1 2013 Results 2 Financial Situation 3 La Plata Refinery Incident 4 Summary 14
Slide 15: La Plata refinery (CILP) incident
La Plata refinery (CILP) incident • On April 2 CILP caught fire as a consequence of unprecedented flooding, damaging Topping C and Coker A Unit. • A week later CILP was processing 100 Kbbl/d. In approximately 30 days CILP will be running at 150 Kbbl/d. • YPF has insurance policy for both physical da
Slide 16: Agenda
Agenda 1 Q1 2013 Results 2 Financial Situation 3 La Plata Refinery Incident 4 Summary 16
Slide 17: Summary
Summary • Increase of operating income due to higher gasoline and diesel average price and stronger volumes marketed which were offset by heavier operating costs for the quarter • Additional income generated by increased natural gas well head price (ARS 432 million), which reached 3.73 USD/Mmbtu vs.
Slide 18: Questions and Answers
1st Quarter 2013 Earnings Webcast Questions and Answers 18
Slide 19: 1st Quarter 2013 Earnings Webcast
1st Quarter 2013 Earnings Webcast May 2013