Financial Performance - Net cash flows from operating activities increased to US$ 5,693 million in 2022, a 35.5% rise from US$ 4,201 million in 2021[689]. - Cash and cash equivalents at the end of fiscal year 2022 were US$ 773 million, up from US$ 611 million at the beginning of the year[689]. - Total debt amounted to US$ 10,585 million as of December 31, 2022, with US$ 2,200 million maturing in less than one year[702]. - The company aims to maintain a maximum net leverage ratio target of 1.75 times EBITDA to ensure financial discipline[698]. - As of December 31, 2022, other liabilities amounted to US$ 4,936 million[711]. Investment Activities - Net cash flows used in investing activities rose to US$ 4,016 million in 2022, a 57.7% increase from US$ 2,547 million in 2021, primarily due to higher investments in property, plant, and equipment[690]. - The company plans a capital expenditure program of approximately US$ 5 billion for 2023, a 20% increase compared to 2022, focusing on Upstream operations[695]. - Capital expenditures for Upstream operations were US$ 3,149 million in 2022, representing 74.5% of total capital expenditures[703]. Production Outlook - Expected production growth for 2023 includes an 8% increase in oil and a 3% increase in natural gas, driven by a 30% increase in shale oil and a 15% increase in shale gas production[697]. Economic and Regulatory Risks - The company anticipates that any adverse economic conditions in Argentina could negatively impact its operations and cash flows[698]. - The Argentine government owns 51% of the shares of YPF S.A., impacting its operations significantly[709]. - The Expropriation Law prioritizes self-sufficiency in hydrocarbons supply as a national public interest[709]. - The company faces risks related to pricing of products in Argentina, which may adversely affect operational results[708]. Impairment and Pricing - If future crude oil and natural gas prices were reduced by US$ 5/bbl and US$ 0.5/mmBtu, the provision for impairment of long-lived assets would increase by approximately US$ 1.04 billion before income tax effects[712]. - Future impairment losses are difficult to predict due to various influencing factors such as prices, operating costs, and foreign exchange rates[712]. - The recoverable amount of property, plant, and equipment is analyzed at year-end or when impairment evidence arises[712]. - The company’s pricing policy is influenced by macroeconomic conditions and international oil price fluctuations[708]. Accounting and Estimates - The accounting policies and estimates are detailed in the Audited Consolidated Financial Statements[710]. - The company’s estimates of oil and gas reserves are available in the business organization section of the annual report[713].

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of March 2023 Commission File Number: 001-12102 YPF Sociedad Anónima (Exact name of registrant as specified in its charter) Macacha Güemes 515 C1106BKK Buenos Aires, Argentina (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F ...

Financial Data and Key Metrics Changes - In 2022, YPF achieved an EBITDA of nearly $5 billion, marking the third-largest EBITDA in the company's history, despite a slight decline in gas production in Q4 due to lack of demand [46][48] - The company reported a net leverage ratio of 1.2x at the end of 2022, indicating strong financial flexibility for future investments [49] - YPF plans to invest approximately $5 billion in 2023, focusing on upstream operations, particularly in shale oil [50][54] Business Line Data and Key Metrics Changes - YPF's shale oil and gas operations grew by 45% and 47% respectively in 2022, driven primarily by the VacaMuerta formation [45] - The company aims for a 5% overall growth in hydrocarbon production in 2023, with an 8% increase in oil production and a modest 3% growth in natural gas [54][55] - The introduction of Enhanced Oil Recovery (EOR) techniques in conventional fields is expected to stabilize crude oil production [18] Market Data and Key Metrics Changes - YPF is targeting to become a net exporter of crude oil and aims to monetize its shale gas resources through LNG development [12][21] - The company is also exploring opportunities in lithium and renewable energy, positioning itself to participate in the global energy transition [34][35] Company Strategy and Development Direction - YPF's strategic focus is on accelerating the monetization of VacaMuerta's resources, aiming to grow Argentina's role as a significant energy exporter [84] - The company plans to invest in clean energy solutions, including green hydrogen and lithium production, leveraging Argentina's unique natural resources [85] - YPF is committed to reducing its carbon footprint, with initiatives aimed at lowering CO2 emissions from its operations [40][41] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate volatility in international and local markets, emphasizing the importance of capital efficiency in VacaMuerta operations [58][59] - The company anticipates a challenging year in 2023, with expectations of negative free cash flow due to increased capital expenditures [67] - Long-term projections include doubling oil production and achieving a 30% increase in gas production by 2027 [61][62] Other Important Information - YPF has formed a consortium to participate in a German initiative for green hydrogen, highlighting its commitment to sustainable energy solutions [23] - The company is exploring lithium production in Catamarca province, with plans for significant investment in the coming years [35][36] Q&A Session Summary Question: What are YPF's long-term growth prospects? - YPF expects to double its total oil production by 2027 and achieve a more moderate 30% increase in total gas production [61][62] - The company plans to invest $5 billion to $6 billion annually to support this growth, focusing on drilling and completion activities [65][66] Question: How does YPF plan to manage financial flexibility during this growth phase? - YPF aims to maintain a net leverage ratio below 1.5x by the end of the five-year period, allowing for prudent financial management while pursuing growth opportunities [68]

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]