Q2 2020 results videoconference Disclaimer Pampa Energa 2 - - PowerPoint PPT Presentation

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Jul 28, 2023 277 likes •461 views

Q2 2020 results videoconference Disclaimer Pampa Energa 2 Reporting considerations Q2 2020 Q2 2019 Reporting How Pampa reports FC US$ FC US$ FC AR$ @ FC AR$ @ June 30, 2020 June 30, 2019 Inflation = 3% Inflation = 5% Devaluation

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Q2 2020 results videoconference

SLIDE 2

Disclaimer

Pampa Energía ⚫ 2

SLIDE 3

Reporting considerations

Q2 2020 Q2 2019 Reporting How Pampa reports FC US$ FC US$ FC AR$ @ June 30, 2020 Inflation = 3% Devaluation = 9% FC AR$ @ June 30, 2019 Inflation = 5% Appreciation = 2% Pampa Restricted Group Pampa consolidated non-GAAP

Pampa Energía ⚫ 3

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Aerial view of CTGEBA, 2020 Pampa Energía ⚫ 4

The main highlights of the quarter

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180 63 67

20 40 60 80 100 120 140 160 180

271 221 120 30% 31% 22%

0% 10% 20% 30% 40% 50% 60% 70% 80% 50 100 150 200 250 300

900 723 544

100 200 300 400 500 600 700 800 900

Consolidated adjusted EBITDA1 Consolidated adjusted EBITDA breakdown1,2 Revenues1 Capex Pampa Restricted Group+Edenor

Q2 2020’s key takeaways Consolidated figures, in US$ million

Pampa Energía ⚫ 5

Q2 20

24% 76%

%

Q2 20 Q2 20

   ✓ ✓        ✓

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Argentina’s net electricity demand, monthly average in MW

Lockdown negatively impacted on Argentina’s GDP, although power generation proved resiliency

Pampa Energía ⚫ 6

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95.3% 96.6% 98.6% 3,727 4,608 3,461

1, 000 1, 500 2, 000 2, 500 3, 000 3, 500 4, 000 4, 500

100 114 95 49% 71% 68%

40% 50% 60% 70% 80% 90% 100%

40 60 80 100 120

Generation performance, in GWh

Availability performance, in % to installed capacity Adjusted EBITDA1, in US$ million Main news

Power generation smoothly performed despite challenging environment

Pampa Energía ⚫ 7

Q2 20 Q2 20 Q2 20

✓   ✓ ✓ ✓  ✓ ✓ ✓

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Pampa Energía ⚫ 8

Genelba Thermal Power Plant One of the most important milestones in Pampa Energía’s history

Aerial view of CTGEBA, 2020

COD on time despite COVID-19 pandemic

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Pampa Energía ⚫ 9

Ensenada Barragán Thermal Power Plant Key infrastructure project for Argentina’s electricity supply

Aerial view of CTEB, 2019

Works resumed with the strictest protocols in place

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Nation-wide gas demand, monthly average in bcf per day

COVID-19 lockdown and fall season: a tough combination for gas

Pampa Energía ⚫ 10

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20.8

4.9 5.3 4.1

2. 3. 4. 5. 6.

53 29 6 48% 34% 11%

0% 0% 20% 40% 60% 80% 100% 120% 140%

20 30 40 50

48.5 46.0 43.7

Production performance, in kboe/d Crude oil sales, in kbbl/d

Our production remained stable despite collapsing prices

Pampa Energía ⚫ 11

Q2 20 Q2 20 Q2 20 Q2 20

  ✓  ✓ ✓

Adjusted EBITDA1, in US$ million

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3.1 3.1 3.3 2.6

2.0

282 259 253

100 150 200 250 300

Weighted avg gas price for Pampa, in US$/MBTU1 Destination of our sales, YTD as of June Gas sales, in mcf/d

Gas tenders for power generation and pricing environment
Operating update

Main news

Our production remained stable despite collapsing prices

Pampa Energía ⚫ 12

Q2 20

 ✓  ✓

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Pampa Energía ⚫ 13

Q2 2020’s key takeaways Consolidated figures, in US$ million

4 Q2 19 Q2 20

Q2 20 Net income to shareholders

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Key leverage figures, as of June 30, 20201 Pampa Restricted Group principal debt profile and breakdown, net of repurchases

Outstanding balance sheet to weather a difficult environment

Pampa Energía ⚫ 14

Pampa Restricted Group Edenor Affiliates @ O/S3 Consolidated with affiliates @ O/S

Debt2 1,591 150 416 2,158 Cash 393 81 161 635 Net debt 1,198 70 255 1,523 LTM adj. EBITDA 462 91 223 773 Net leverage

2.6x 0.8x 1.1x

2.0x After Q2 2020: ✓ ✓ ✓

80 98 8 430 8 646 293

AR$ 11% US$ 89%

%

Local Bonds 2%

Int'l Bonds 87%

ECA 2%

Banks 9%

%

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Q&A |

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3.09 3.12 3.13 4,849 5,203 4,791 72 45 (14) 16% 14%

0% 0% 10% 20% 30% 40% 50% 60% 70% (3 0) (1 0) 10 30 50 70 90

Sales Performance , in GWh

Main News

Adj. EBITDA, in US$ million

Number of End-Users, in million

Electricity Distribution

Pampa Energía ⚫ 16

Q2 20 Q2 20 Q2 20

 ✓ ✓ ✓ ✓ ✓     ✓ ✓ ✓

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95 87 52

20 30 40 50 60 70 80 90 100

3 (2) 4 3% 10%

% 0% 5% 10% 15% (3 ) (2 ) (1 )

2 3 4 5

Sales Performance, in thousand ton
Adj. EBITDA, in US$ million

Main News

Petrochemicals

Pampa Energía ⚫ 17

Q2 20 Q2 20

741

✓ ✓    ✓

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2 5 (2) 142 96 79 47 29 28 44 35 29

(1 0)

20 30 40 50 60

▪

Main News

Adj. EBITDA2, in US$ million

Affiliates’ EBITDA Performance @ 100% Ownership, in US$ million

Holding & Others

Pampa Energía ⚫ 18

Q2 20

Q2 20 Q2 20 Q2 20   ✓ ✓     ✓ ✓ ✓