Investor Presentaiton
01 Maintaining focus on profitability in a
challenging macroeconomic
environment - pump prices to be
adjusted in a sustainable way
02 Working to deliver sound production
growth through efficient capex
deployment
03
Focus on midstream initiatives (gas and
oil) to assure debottlenecking of VM
evacuation capacity
04 Continuing with fuel's sulphur reduction
multiyear project - estimated CAPEX of
US$150-200mn in 2022
05
Expecting neutral to slightly negative
FCF - max leverage ratio at 2x
ā2022
OUTLOOK
CAPEX
(in Bn)
TOTAL
US$3.7
UPSTREAM
US $2.8
Uncon. US$1.6
Conven. US$1.2
OUTPUT
BOE
+8%
CRUDE OIL
~224 KBBL/D
NATURAL GAS
~37 MM3/D
Vs 2021
+6%
Vs 2021
+5%
DOWNSTREAM
US$0.7
SHALE OIL
+45%
SHALE GAS
+40%
OTHER
US$0.2
ā2022
GUIDANCE
YPF
20View entire presentation