Financial Data and Key Metrics Changes - The company reported a net income of ARS 4.4 billion in Q3 2021, a significant increase from almost ARS 600 million in Q3 2020 [9] - Total EBITDA decreased by ARS 3.1 billion, primarily due to a decline in natural gas transportation EBITDA by ARS 2.6 billion and a decrease in liquids business EBITDA by around ARS 900 million [9][10] - Financial results showed a positive variation of ARS 7 billion, which offset the total EBITDA decline, mainly due to lower foreign exchange rate losses compared to Q3 2020 [10][17] Business Line Data and Key Metrics Changes - EBITDA from the natural gas transportation business decreased by ARS 2.6 billion, attributed to the lack of tariff adjustments since 2019 [11] - Liquids business EBITDA fell from ARS 4 billion to ARS 3.1 billion, influenced by increased natural gas costs and lower sales volumes [13][14] - EBITDA from other services increased by 37%, mainly due to higher revenues from midstream services [15] Market Data and Key Metrics Changes - The average natural gas cost increased from $2.2 to $4 per million BTU, contributing to the decline in EBITDA [14] - The company experienced a decline in liquid sales volume from 66,000 metric tons to 8,000 metric tons, impacting overall revenues [14] Company Strategy and Development Direction - The company is focused on expanding its infrastructure and closing new agreements with gas producers, driven by increased natural gas production in Vaca Muerta [4] - An open season was launched to assign almost 100% of the capacity in new firm capacity contracts with an average term of 20 years [6] - The company plans to continue generating positive free cash flow despite the deterioration of operating margins [20] Management's Comments on Operating Environment and Future Outlook - Management expects international natural gas prices to remain high in the upcoming quarters, although predicting exact prices is challenging [23] - The expansion of the international transportation system is under analysis by the national government, which could positively impact operations [24][25] - Management indicated that normalized transportation margins may not be achieved until 2023 due to high inflation and ongoing tariff reviews [30] Other Important Information - The company maintained a stable cash position of around ARS 33 billion, equivalent to over $330 million, with no debt amortization until 2025 [20] - CapEx for the quarter amounted to ARS 2.2 billion, reflecting ongoing investments in infrastructure [20] Q&A Session Summary Question: Will natural gasoline prices sustain in the fourth quarter and into 2022? - Management expects international prices to remain high based on market futures, but exact predictions are difficult [23] Question: What is the potential impact of the expansion of the international transportation system? - The expansion is under analysis and is expected to positively impact the company's ability to evacuate gas [24][25] Question: Will the transitional tariff scheme allow for full margin recovery? - Management indicated that predicting the normalization of transportation margins is difficult, with potential adjustments not expected until 2023 [30] Question: What caused the increase in OpEx compared to 2020? - The increase in OpEx is attributed to the pandemic's impact on maintenance capabilities, leading to higher operational costs [31] Question: Can you discuss the shortage of gas for processing in Q3 2021? - The shortage was anticipated due to seasonal demand, and management is addressing this through planned replacements [32] Question: What is the status of the transitional adjustment process? - Management cannot predict the next adjustment but indicated it would likely be below general inflation [33]

Transportadora de Gas del Sur S.A. (NYSE:TGS) Q2 2021 Earnings Conference Call August 5, 2021 10:00 AM ET Company Participants Alejandro Basso - Chief Financial Officer Conference Call Participants Konstantinos Papalias - PUENTE MartÃn Arancet - Balanz Capital Operator Good morning. My name is Laura and I will be your conference operator today. At this time, I would like to welcome everyone to TGS Second Quarter 2021 Results Earnings Conference Call. TGS issued its earnings report yesterday. If you did not ...

Financial Assets and Liabilities - As of December 31, 2020, the company had total financial assets of Ps. 19,288,650 thousand, with fixed interest rate assets amounting to Ps. 16,108,712 thousand and variable interest rate assets of Ps. 3,179,938 thousand[1335]. - The company's total financial liabilities were Ps. 40,976,742 thousand, all of which were at fixed interest rates, indicating limited exposure to cash flow interest rate risk[1335][1332]. - As of December 31, 2020, the company's financial debt obligations denominated in foreign currency amounted to U.S.$521 million (Ps. 43,869 million), with a net liability position in U.S. dollars of U.S.$283 million[1345]. Foreign Exchange Risk - A hypothetical unfavorable 10% change in the peso/U.S. dollar exchange rate would have resulted in a potential financial expense loss of Ps. 2,534 million[1347]. - Approximately 87% of revenues from the Liquids Production and Commercialization segment were denominated in U.S. dollars for the years ended December 31, 2020, 2019, and 2018[1340]. - As of December 31, 2020, 96% of the company's fund placements were denominated in U.S. dollars to mitigate foreign exchange risk[1344]. - The company did not contract derivative financial instruments to hedge against foreign exchange risk during the years ended December 31, 2020, 2019, and 2018[1343]. Inflation and Purchasing Power - The company recorded a net gain from exposure to inflation in monetary items due to maintaining a liability monetary position during the years ended December 31, 2020, 2019, and 2018[1338]. - The company’s risk management policy aims to reduce the impact of loss of purchasing power and includes regular evaluations of alternative investments[1342]. Impact of Commodity Prices - The company estimated that a decrease of U.S.$50/ton in the international price of LPG and natural gasoline would have decreased its net comprehensive income by Ps. 2,019 million for the year ended December 31, 2020[1354].

Transportadora de Gas del Sur S.A. (NYSE:TGS) Q4 2020 Results Conference Call March 10, 2021 9:00 AM ET Company Participants Oscar Sardi - CEO Alejandro Basso - CFO Carlos Almagro - IR Officer Conference Call Participants Guilherme Levy - Morgan Stanley Ezequiel Fernandez Lopez - Balanz Robert Chang - Citi Lorena Reich - Lucror Operator Good morning. My name is Paul, and I will be your conference operator today. At this time, I would like to welcome everyone to TGS's Fourth Quarter 2020 Results Earnings Con ...

Transportadora de Gas del Sur S.A. (NYSE:TGS) Q3 2020 Earnings Conference Call November 10, 2020 9:00 AM ET Company Participants Alejandro Basso - CFO & VP, Administration, Finance and Services Conference Call Participants Ezequiel Fernández - Balanz Lorena Reich - Lucror Analytics Jorge Vargas - BTG Pactual Operator Good morning. My name is Rob, and I'll be your conference operator. At this time, I'd like to welcome everyone to TGS Third Quarter 2020 Results Earnings Conference Call. TGS issued its earning ...

Transportadora de Gas del Sur S.A. (NYSE:TGS) Q2 2020 Earnings Conference Call August 10, 2020 10:00 AM ET Company Participants Alejandro Basso - CFO & VP, Administration, Finance and Services Conference Call Participants Ezequiel Fernández - Balanz Bruno Montanari - Morgan Stanley Antonella Rapuano - Santander Operator Good morning. My name is Doug, and I'll be your conference operator today. At this time, I'd like to welcome everyone to TGS' Second Quarter 2020 Results Earnings Conference Call. TGS issued ...

Transportadora de Gas del Sur S.A. (NYSE:TGS) Q1 2020 Earnings Conference call May 11, 2020 10:00 AM ET Company Participants Alejandro Basso – Chief Financial Officer Conference Call Participants Chelsea Colon – Aegon Asset Management Antonella Rapuano – Santander Valeria Cisnero – Macquarie Guilherme Levy – Morgan Stanley Operator Good morning. My name is Christine and I will be your conference operator today. At this time I would like to welcome everyone to TGSÂ' First Quarter 2020 Results Earnings Confer ...

2020 First Quarter Earnings Presentation | --- | --- | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(B) OR (G) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________. OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 O ...

Transportadora de Gas del Sur S.A. (NYSE:TGS) Q4 2019 Earnings Conference Call March 9, 2020 10:00 AM ET Company Participants Alejandro Basso - Chief Financial Officer Conference Call Participants Operator Good morning. My name is Daryl and I will be your conference operator today. At this time, I would like to welcome everyone to TGS' Fourth Quarter 2019 Results Conference Call. TGS issued its earnings report last Friday. If you did not receive a copy via e-mail, please do not hesitate to contact us in New ...