Financial Data and Key Metrics Changes - Total hydrocarbon production remained stable compared to the previous quarter but showed a healthy growth of about 9% year-over-year for the first nine months of 2022, primarily due to strong shale operations [7] - Adjusted EBITDA reached $1.5 billion for the second consecutive quarter, representing a 50% increase year-over-year [7] - Net income for the quarter was $678 million, accumulating over $1.7 billion for the first nine months of the year [8] - Free cash flow was positive for the tenth consecutive quarter, totaling $262 million, with a year-to-date accumulation of close to €1 billion [10] - Net debt declined to $5.7 billion, resulting in a net leverage ratio below 1.2x, the lowest since Q2 2015 [10][32] Business Line Data and Key Metrics Changes - Crude oil production averaged 225,000 barrels per day in Q3, with a 2% year-over-year increase and a 7% expansion in crude oil production [14] - Natural gas production increased by 2% sequentially, while NGLs decreased by about 9% due to maintenance activities [15] - Shale production increased by 4% for oil and 11% for gas on a quarterly basis, with shale oil production expanding by almost 50% year-over-year [20] - Domestic sales of diesel and gasoline increased by 1.7% compared to the previous quarter and stood 11% above pre-pandemic levels [24] Market Data and Key Metrics Changes - Average crude oil realization price was $67.5 per barrel in Q3, a 4% increase sequentially [17] - Natural gas prices increased by 13% quarter-over-quarter to an average of $4.4 per million BTU [18] - Total fuel imports represented 13% of total fuels sold in Q3, driven by strong demand and inventory rebuilding [25] Company Strategy and Development Direction - The company is focused on ramping up capital expenditures (CapEx) with a 27% sequential increase and a 71% increase year-over-year, totaling close to $1.2 billion for the quarter [9] - Plans to expand operations in Vaca Muerta and improve efficiencies in shale operations are central to the company's strategy [21][40] - The company is also investing in downstream operations to revamp refineries and reduce sulfur content in fuels [39] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in meeting ambitious targets for the year, citing solid operational and financial results [6] - The recent presidential decree regarding the expansion of Plan Gas 4 and potential new Plan Gas 5 is expected to provide stability and incentivize the development of natural gas reserves [11] - Management acknowledged ongoing cost pressures from local inflation and international service providers, but they are working to mitigate these through operational efficiencies [45][46] Other Important Information - The company received an upgrade to its local ratings, increasing its local issuer rating by 2 notches to AAA, reflecting continuous improvement in performance [33] - The company is exploring further increases in capacity and potential LNG projects, with discussions ongoing regarding the feasibility of such initiatives [47][49] Q&A Session Summary Question: Update on CapEx plan and drilling speed in shale blocks - Management indicated that they expect a more ambitious CapEx plan for the next few years, particularly in Vaca Muerta operations, and anticipate maintaining or slightly increasing drilling activity [37][40] Question: Comments on cost pressures and future capacity - Management acknowledged cost pressures from local inflation and international service costs, and they expect to partially mitigate these through operational efficiencies [45][46] - Discussions are ongoing regarding the need for further pipeline capacity to support increased production, particularly for LNG projects [47][48] Question: EBITDA guidance and fuel imports - Management confirmed they are sticking with the guidance of $5 billion for full-year EBITDA and expect fourth-quarter fuel imports to be below 10% due to reduced diesel demand [53][56] Question: Resilience of local market sales in a recession - Management noted that diesel demand is significantly correlated with economic activity, and a slowdown could reduce total needs for imported diesel [60] Question: Progress on the Nestor Kirchner pipeline and capital allocation - Management believes the pipeline could be operational by winter 2023 and is considering capital allocation for potential shareholder remuneration, depending on the final budget [64][68]

YPF SA (NYSE:YPF) Q2 2022 Earnings Conference Call August 11, 2022 9:00 AM ET Company Participants Pablo Calderone - IR Officer Pablo Iuliano - GM, CEO & Director Alejandro Lew - CFO Conference Call Participants Frank McGann - Bank of America Merrill Lynch Bruno Montanari - Morgan Stanley Luiz Carvalho - UBS Ezequiel Fernández - Balanz Marcelo Gumiero - Crédit Suisse Andres Cardona - Citigroup Operator Hello, and thank you for standing by. My name is Regina, and I will be your conference operator today. At ...

YPF Sociedad Anónima (NYSE:YPF) Q1 2022 Earnings Conference Call May 12, 2022 9:00 AM ET Company Participants Pablo Calderone - Investor Relations Manager Sergio Affronti - Chief Executive Officer Alejandro Lew - Chief Financial Officer Conference Call Participants Frank McGann - Bank of America Merrill Lynch Marcelo Gumiero - Credit Suisse AG Konstantinos Papalios - Plenti Argentina Marina Mertens - AR Partners S.A. Walter Chiarvesio - Santander Andres Cardona - Citigroup Inc. Bruno Amorim - Goldman Sachs ...

Documento: YPF-Público 1st QUARTER 2022 EARNINGS WEBCAST Documento: YPF-Público MAY 12TH, 2022 IMPORTANT NOTICE Documento: YPF-Público Safe harbor statement under the U.S. Private Securities Litigation Reform Act of 1995 (the "Private Securities Litigation Reform Act"). This document contains statements that YPF believes constitute forward-looking statements under within the meaning of the Private Securities Litigation Reform Act. These forward-looking statements may include statements regarding the intent, ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ 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, 2021 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 OR 15(d) OF THE SECURI ...

YPF Sociedad Anónima (NYSE:YPF) Q4 2021 Earnings Conference Call March 4, 2022 8:30 AM ET Company Participants Pablo Calderone - Investor Relations Manager Sergio Affronti - Chief Executive Officer Alejandro Lew - Chief Financial Officer Conference Call Participants Bruno Montanari - Morgan Stanley Konstantinos Papalios - Plenti Argentina Andres Cardona - Citigroup Inc. Regis Cardoso - Credit Suisse AG Ezequiel Fernandez - Balanz Luiz Carvalho - UBS Operator Good morning. My name is Rob, and I'll be your co ...

Financial Performance - 2021 Adjusted EBITDA reached US$3.8 billion, surpassing pre-COVID levels of 2019 by 6.4%[12] - The company achieved US$882 million in Free Cash Flow (FCF) in 2021, leading to significant deleveraging[12] - Revenues increased by 41% year-over-year to US$13.238 billion[26] - Net debt decreased by US$805 million year-over-year, reaching US$6.271 billion[28] Production and Reserves - Total hydrocarbon production increased by 14.5% year-over-year in 4Q21[12] - P1 reserves increased to 1.1 billion BOE as of year-end 2021, with a reserve replacement ratio (RRR) of 2.3x[12] - Shale P1 reserves increased by 56.7%, representing 49% of total reserves[58] - Total production in 4Q21 reached 484 KBOE/D[40] Capital Expenditure and Investments - The company fully deployed a CAPEX plan of US$2.7 billion in 2021[12] - US$450+ million was deployed during 2021 (CAPEX and OPEX) for facilities' safety and integrity, including spill prevention and control systems[19] - The company expects a CAPEX of US$150-200 million in 2022 for fuel's sulfur reduction multiyear project[75] Operational Efficiency and Sustainability - The company achieved a 21% reduction in vehicle accident frequency rate through its safe driving program[20] - The company is targeting a 6.5% reduction in total GHG intensity in 2022 compared to 2021[22] - Development costs in the core hub decreased by 56%[51] Market and Demand - Local fuels' demand recovered strongly, exceeding pre-pandemic levels of 2019 in 4Q21 by 7%[62]

Clasificación YPF: No Confidencial Clasificación YPF: No Confidencial YPF 3 rd QUARTER 2021 EARNINGS WEBCAST NOVEMBER 10TH, 2021 IMPORTANT NOTICE Clasificación YPF: No Confidencial Safe harbor statement under the U.S. Private Securities Litigation Reform Act of 1995 (the "Private Securities Litigation Reform Act"). This document contains statements that YPF believes constitute forward-looking statements under within the meaning of the Private Securities Litigation Reform Act. These forward-looking statement ...

YPF Sociedad Anonima (NYSE:YPF) Q3 Earnings Conference Call November 10, 2021 8:30 AM ET Company Participants Santiago Wesenack – IR Manager Sergio Affronti – CEO Alejandro Lew – CFO Conference Call Participants Frank Mcgann – Bank of America Guilherme Levy – Morgan Stanley Regis Cardoso – Credit Suisse Bruno Amorim – Goldman Sachs Konstantinos Papalios – Plenti Argentina Ezequiel Fernandez – Balanz Luiz Carvalho – UBS Walter Chiarvesio – Santander Operator Good morning. My name is Chris and I'll be your co ...

Financial Data and Key Metrics Changes - Adjusted EBITDA for Q2 reached $1.1 billion, a 41% increase compared to the previous quarter and 14% higher than Q2 2019 [5][19] - Revenues increased by 26% sequentially to over $3.3 billion, although still 9% below Q2 2019 levels [15][19] - Free cash flow before debt financing totaled $311 million, allowing for a reduction in net debt to $6.5 billion by June 30 [11][22] Business Line Data and Key Metrics Changes - Total hydrocarbon production grew by 6% sequentially, with shale gas production increasing by 35% [23][24] - Shale oil production rose by 7%, while conventional production remained almost flat [8][24] - Overall lifting costs per barrel of oil equivalent were around 10% below pre-pandemic levels, but increased by 5% sequentially [17][19] Market Data and Key Metrics Changes - Domestic demand for gasoline and diesel showed recovery, with diesel demand almost back to pre-COVID levels, while gasoline demand was still 18% below pre-pandemic levels [6][29] - Average realization price for natural gas was $3.80 per MMBTU, aligning with 2019 levels, while crude oil prices increased to $51.60 per barrel [25][31] Company Strategy and Development Direction - The company is focused on executing a $2.7 billion CapEx plan, with production targets for the year potentially biased to the upside [12][13] - The management is optimistic about the new hydrocarbon law that aims to incentivize investment and accelerate development in the sector [78][80] - Continuous efforts are being made to reduce costs and improve operational efficiencies, with a focus on maintaining structural cost reductions [16][64] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving production targets and executing the CapEx plan despite challenges faced in the first half of the year [12][46] - Inflation is creating cost pressures, but the company aims to maintain cost efficiencies [63][64] - The company anticipates becoming a net exporter of crude oil in a few years as production in Vaca Muerta expands [91] Other Important Information - The company has successfully reduced its net leverage ratio to 2.7 times by the end of Q2, allowing for greater financial flexibility [38] - The company is actively managing its liquidity and FX exposure, maintaining a low net FX exposure of 6% [35][36] - Recent rating upgrades from credit agencies reflect improvements in the company's financial condition [40] Q&A Session Summary Question: CapEx deployment in the second half of the year - Management acknowledged the need to ramp up CapEx and expressed confidence in achieving the $2.7 billion target despite challenges faced in the first half [45][46] Question: Timeline for liability management for 2022 maturities - Management indicated comfort with upcoming maturities and plans to refinance through local bonds and bank facilities [50][52] Question: Expectations for production increase next year - Management expects significant growth in oil production, particularly in Vaca Muerta, while gas production growth may be limited [58][60] Question: Future pricing strategies and lifting costs - Management anticipates stable lifting costs around $11 per barrel of oil equivalent for the remainder of the year [71] Question: ESG investment plans - The company is focused on reducing CO2 emissions and investing in renewable energy projects through its subsidiary YPF Luz [73][74]