Financial Statements and Reporting Standards - Consolidated financial statements for YPF Sociedad Anonima as of December 31, 2023, 2022, and 2021 are provided, including statements of financial position, comprehensive income, changes in shareholders' equity, and cash flows[1][2] - The financial statements include detailed notes on general business information, financial risk management, business segments, and financial instruments by category[2] - The financial statements are prepared in accordance with International Financial Reporting Standards (IFRS) and include information on acquisitions, disposals, and financial risk management[2] - Amendments to IAS 1 and IFRS Practice Statement 2, effective from January 1, 2023, require the disclosure of material accounting policies, replacing the term "significant accounting policies"[150][151] - Amendments to IAS 8 clarify the definition of accounting estimates, distinguishing them from accounting policies, effective from January 1, 2023[153][154] - Amendments to IAS 12 introduce an exception to the initial recognition exemption for deferred tax in transactions where assets and liabilities are recognized simultaneously, effective from January 1, 2023[157][158] - The Group has restated comparative information for fiscal years 2022 and 2021 following IAS 12 amendments, with no effect on initial retained earnings[159] - Amendments to IAS 12 related to the Pillar Two Model Rules of the International Tax Reform allow entities to defer recognition of deferred taxes, effective from January 1, 2023[160][161] - The Group anticipates no significant impact from amendments to IAS 1 on the classification of liabilities, effective from January 1, 2024[167][174] - Amendments to IFRS 16 clarify the measurement of leases in sale and leaseback transactions, effective from January 1, 2024[168][169] - The Group is evaluating the effects of amendments to IAS 21 on the methodology for currency exchangeability, effective from January 1, 2025[180][183] Assets and Investments - YPF's consolidated financial statements include detailed information on intangible assets, property, plant, and equipment, and right-of-use assets[2] - The financial statements provide information on investments in associates and joint ventures, inventories, and other receivables[2] - Total assets increased significantly from ARS 2,390,068 million in 2021 to ARS 20,202,123 million in 2023, reflecting substantial growth in both non-current and current assets[17] - Property, plant and equipment increased from ARS 1,642,259 million in 2021 to ARS 14,293,427 million in 2023, highlighting substantial investment in infrastructure[17] - Cash and cash equivalents rose from ARS 62,678 million in 2021 to ARS 905,956 million in 2023, indicating improved liquidity[17] - Investments in associates and joint ventures are accounted for using the equity method, reflecting the investor's share of profit or loss and contributions/dividends[108] - Financial assets are measured at amortized cost if held to collect contractual cash flows, otherwise at fair value through profit or loss[117][118] - The Group uses the expected credit loss model to evaluate impairment of financial assets, recognizing changes in expected credit losses in profit or loss[121] - Non-current assets held for sale are measured at the lower of carrying amount and fair value less costs to sell[146] - Non-current assets classified as held for sale must meet specific criteria, including being highly probable for sale within one year and actively marketed at a reasonable price[147][148] - The Group performs impairment reviews for non-current assets classified as held for sale if their carrying amount exceeds fair value less disposal costs[149] Liabilities and Equity - Total liabilities increased from ARS 1,541,950 million in 2021 to ARS 12,898,308 million in 2023, reflecting higher financial obligations[17] - Shareholders' equity at the end of 2023 was ARS 7,303,815 million, compared to ARS 1,868,304 million at the end of 2022, reflecting significant growth[24][29] - Retained earnings grew from ARS 829,388 million in 2021 to ARS 7,215,993 million in 2023, showing a strong accumulation of profits over the years[17] - Retained earnings at the end of 2023 were ARS 3,077,042 million, up from ARS 1,001,214 million at the end of 2022[24][29] - Legal reserve increased to ARS 634,747 million in 2023 from ARS 139,275 million in 2022[24][29] - Reserve for future dividends grew to ARS 182,371 million in 2023 from zero in 2022[24][29] - Reserve for investments reached ARS 4,297,009 million in 2023, up from zero in 2022[24][29] - Unappropriated retained earnings and losses were negative ARS 1,003,419 million in 2023, compared to positive ARS 1,001,214 million in 2022[24][29] - Non-controlling interest increased to ARS 82,315 million in 2023 from ARS 17,274 million in 2022[24][29] - The company accrued ARS 1,191 million in share-based benefit plans in 2023, compared to ARS 262 million in 2022[24][29] Revenue and Expenses - Revenues grew from ARS 1,315,633 million in 2021 to ARS 5,484,544 million in 2023, indicating a strong upward trend in the company's financial performance[20] - Net profit or loss for the year showed a significant decline, from a loss of ARS 808 million in 2021 to a loss of ARS 1,532,745 million in 2023[20] - Earnings per share attributable to shareholders of the parent company dropped significantly from ARS 0.65 in 2021 to ARS -3,985.51 in 2023[20] - Total comprehensive income for the year increased from ARS 164,604 million in 2021 to ARS 5,436,310 million in 2023, indicating overall financial improvement[20] - Net profit for 2023 was a loss of ARS 1,532,745 million, compared to a profit of ARS 290,264 million in 2022[24][29] - Other comprehensive income for 2023 was ARS 6,969,055 million, a substantial increase from ARS 734,120 million in 2022[24][29] - Revenue from goods is recognized when control is transferred to the customer, while service and construction contract revenue is recognized over time[139][140] - Government grants are recognized at fair value when there is reasonable assurance of receipt and compliance with conditions[142] Cash Flows and Liquidity - Net cash flows from operating activities increased significantly to 1,774,199 million Argentine Pesos in 2023, compared to 736,660 million in 2022 and 400,014 million in 2021[36] - Net cash flows used in investing activities were (1,522,226) million Argentine Pesos in 2023, versus (523,024) million in 2022 and (243,992) million in 2021[36] - Net cash flows from financing activities turned positive at 33,164 million Argentine Pesos in 2023, after being (157,104) million in 2022 and (150,659) million in 2021[36] - Cash and cash equivalents at the end of 2023 stood at 905,956 million Argentine Pesos, a substantial increase from 136,874 million in 2022 and 62,678 million in 2021[36] - Unpaid acquisitions of property, plant and equipment and intangible assets reached 426,186 million Argentine Pesos in 2023, up from 93,730 million in 2022 and 36,371 million in 2021[37] - Hydrocarbon wells abandonment costs surged to 409,372 million Argentine Pesos in 2023, compared to 47,323 million in 2022 and 3,349 million in 2021[37] - Additions of right-of-use assets totaled 230,883 million Argentine Pesos in 2023, a significant increase from 45,328 million in 2022 and 27,745 million in 2021[37] Operational and Environmental Costs - The company holds 100% of the capital of consolidated companies, except for Metrogas (70%) and YTEC (51%)[67] - Intangible assets are amortized using the straight-line method, with an average useful life of 5 years for software licenses and computer applications[78] - Exploration rights are classified as intangible assets and are not amortized as they relate to fields in the evaluation stage[75] - Oil and natural gas production activities are recognized using the successful efforts method, with exploration costs charged to net income unless related to exploratory wells[83] - Depreciation of assets related to oil and natural gas production is adjusted based on changes in estimates of proved reserves, which are audited by independent third parties every 3 years[88] - Buildings and constructions have an estimated useful life of 50 years, while refinery equipment and petrochemical plants have a useful life of 20-25 years[89] - Lease liabilities are measured as the aggregate of future lease payments discounted at the lessee's incremental borrowing rate[94] - Right-of-use assets are depreciated using the straight-line method based on the lease term or the useful life of the underlying asset, whichever is shorter[95] - Impairment losses are recognized if the carrying amount of a cash-generating unit (CGU) exceeds its recoverable amount, with losses distributed pro rata among the CGU's assets[102] - The reversal of an impairment loss is recognized in operating profit or loss, increasing the carrying amount of the CGU to its revised recoverable amount[103] - The recoverable amount for each CGU is determined as the higher of its fair value less costs of disposal or its value in use, based on cash flow projections and discounted at the weighted average cost of capital[105] - Hydrocarbon prices, refined products, petrochemical products, and capital expenditure estimates are key factors in cash flow projections for CGUs[106] - The Group cannot estimate additional costs for environmental remediation until ongoing studies are completed and assessed[192] - Current costs for hydrocarbon wells abandonment are used to estimate future costs, with changes in laws, costs, or technologies potentially affecting these estimates[193] - The Group cannot anticipate future legislation or regulations, which could materially affect long-term operational results[194] - The Group has decided not to disclose certain critical information related to contingent liabilities and assets to avoid adverse effects on third-party claims[195] Taxation and Deferred Taxes - Income tax expense includes both current and deferred taxes, with provisions made based on expected payments to tax authorities[196] - Deferred tax assets are recognized based on the probability of offsetting tax loss carryforwards with future taxable income, relying on cash flow projections[200] Glossary and Legal Information - The glossary of terms includes definitions for key financial and operational terms such as ADR, AFIP, BCRA, CPI, and IFRS[6] - YPF's legal address is Macacha Güemes 515, Ciudad Autónoma de Buenos Aires, Argentina, and the fiscal year is No. 47 beginning on January 1, 2023[9] - The company's capital structure consists of 393,312,793 shares of common stock, with a par value of $10 per share and a total subscribed, paid-in, and authorized capital of ARS 3,933,127,930[14]

YPF Sociedad Anónima (NYSE:YPF) Q1 2023 Earnings Conference Call May 12, 2023 9:00 AM ET Company Participants Pablo Calderone - Investor Relations Manager Alejandro Lew - CFO Pablo Iuliano - CEO Sergio Massa - Economy Minister Conference Call Participants Walter Chiarvesio - Santander Carlos Moraes - Morgan Stanley Paula La Greca - TPCG Luis Carvalho - UBS Marcelo Gumiero - Credit Suisse Ezequiel Fernandez - Balanz Operator Ladies and gentlemen thank you for standing by. At this time I would like to welcome ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 Commission file number: 1-12102 YPF Sociedad Anónima (Exact name of registrant as specified in its charter) Republic of Argentina (Jurisdiction of incorporation or organization) Macacha Güemes 515 C1106BKK Ciudad Autónoma de Buenos Aires, Argentina (Address of principal executive of ...

Table of Contents YPF SOCIEDAD ANONIMA CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2022, 2021 AND 2020 Table of Contents English translation of the financial statements originally filed in Spanish with the CNV. In case of discrepancy, the financial statements filed with the CNV prevail over this translation. YPF SOCIEDAD ANONIMA CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2022, 2021 AND 2020 CONTENT Note Description Page Glossary of terms 1 Legal information 2 Consolidated statements of fi ...

YPF Sociedad Anónima (NYSE:YPF) Q4 2022 Results Conference Call March 10, 2023 12:30 PM ET Company Participants Pablo Gonzalez - Director and Chairman of the Board Alejandro Lew - CFO Pablo Iuliano - CEO Sergio Massa - Economy Minister Conference Call Participants Unidentified Company Representative Good afternoon, ladies and gentlemen. Welcome, and thank you for joining us in this special day. Today, we celebrate the 30th Anniversary of YPF on New York Stock Exchange. Before we start, I would like to point ...

YPF Sociedad Anónima (NYSE:YPF) Q3 2022 Earnings Conference Call November 10, 2022 8:30 AM ET Company Participants Pablo Calderone - Investor Relations Pablo Iuliano - Chief Executive Officer Alejandro Lew - Chief Financial Officer Conference Call Participants Walter Chiarvesio - Santander Frank McGann - Bank of America Marcelo Gumiero - Credit Suisse Daniel Guardiola - BTG Ezequiel Fernandez - Balanz Operator Ladies and gentlemen, good morning. My name is Abby and I will be your conference operator today. ...

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, ...

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 ...