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Investor Presentaiton

Financial Program 2020 USD Bn 2020 2020 Needs (excl. Letes) 25.9 Sources (excl. Letes) 25.9 Primary deficit -5.2 Initial cash balance 0.9 Plan Gas 2017 0.6 Interest (private, IFIs, financial public sector) 15.4 IMF 5.9 Principal payments (private) 12.0 Private financing 16.1 International Bonds 0.4 International markets 0.0 CHF Bond '20 0.4 Domestic Bonds Bonar '24 Bonar '20 Bopomo '20 10.5 Domestic market 1.1 2.5 Refinancing New financing 15.2 10.5 4.7 1.9 ARGDUO '20 1.6 Bogato '20 0.9 Bonte 2020 (banks only) 1.9 Others 0.4 Repo 1.2 Repo 3.0 IFIs (ex-IMF) 0.9 3.0 IFIs Principal Payments Letes (private) Letes in USD Letes in ARS Nota: Totals may not add up due to rounding of intermediate figures. 9.4 Letes (private) 9.4 4.5 Letes in USD 4.5 5.0 Letes in ARS 5.0 16
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