Investor Presentaiton
DISCLAIMER
The material that follows is a confidential presentation of general background
information about YPF Energía Eléctrica S.A. ("YPF Luz) as of the date of this
presentation. It is summarized information and does not intend to be complete. It has
been prepared solely for informational purposes and is not to be construed as a
solicitation or an offer to buy or sell any securities and should not be treated as giving
investment, legal, tax or other advice. It is not targeted to any specific investment
objectives, financial situation or needs of any recipient. No representation or
warranty, either express or implied, is made as to the accuracy, completeness or
reliability of the information contained herein, and no reliance should be placed on
the accuracy, fairness or completeness of the information presented, including in
relation to statistical data, predictions, estimates or projections, which are used for
information purposes only.
This presentation is not intended for distribution to, or use by, any person or entity in
any jurisdiction or country where it would be contrary to law or regulation. This
presentation does not constitute an offer, or invitation, or solicitation of an offer, to
subscribe for or purchase any securities, and neither any part of this presentation
shall form the basis of or be relied upon in connection with any contractor
commitment whatsoever. Any decision to purchase securities in any offering of
securities of YPF Luz should be made solely based on the information contained in a
confidential offering document which may be distributed in due course in connection
with any offering of securities of YPF Luz, if any.
Certain information contained herein has been obtained from external data sources
and such information has not been independently verified.
This presentation may contain "forward-looking statements" as that term is defined
in Section 27A of the Securities Act and Section 21E of the U.S. Securities and
Exchange Act of 1934, as amended. The words "anticipates", "wishes", "expects",
"estimates", "intends", "forecasts", "plans", "predicts", "projects", "targets" and
similar words are intended to identify these statements. Any projection, forecast,
estimate or other "forward-looking" statement in this presentation only illustrates
hypothetical performance under specified assumptions of events or conditions. Such
projections, forecasts, estimates or other "forward-looking" statements are not
reliable indicators of future results or performance. Prospective investors should
understand the assumptions and evaluate whether they are appropriate for their
purposes. Some events or conditions may not have been considered or differ
materially from such assumptions. The presentation may include figures related to
past performance or simulated past performance, which is not a reliable indicator of
future results or performance. YPF Luz disclaims any obligation to update its view of
risks and uncertainties or to publicly announce the results of any revision to the
forward-looking statements made herein, except required under applicable law. You
are cautioned not to rely on forward-looking statements as actual results could differ
materially from those expressed or implied in the forward-looking statements. All
subsequent written and or all forward-looking statements concerning the proposed
transaction or other matters and attributable to YPF Luz or any person acting on its
behalf are expressly qualified in their entirety by the cautionary statements
referenced above.
This presentation contains certain non-IFRS ("International Financial Reporting
Standards") financial measures, being Adjusted EBITDA and Adjusted EBITDA margin.
Our management believes that disclosure of Adjusted EBITDA can provide useful
supplemental information to investors and financial analysts in their review of our
ability to service our debt requirements. These non-IFRS measures are provided to
enhance investors' overall understanding of our current financial performance and its
prospects for the future. Specifically, we believe the non-IFRS measures provide
useful information to both management and investors by excluding certain expenses,
gains and losses that may not be indicative of our core operating results and business
outlook. Adjusted EBITDA and Adjusted EBITDA margin may not be comparable to
other similarly titled measures of other companies and have limitations as an
analytical tool and should not be considered in isolation or as a substitute for analysis
of our operating results as reported under IFRS. Non-IFRS measures including
Adjusted EBITDA and Adjusted EBITDA margin are not measurements of our
performance or liquidity under IFRS and should not be considered as alternatives to
operating profit or net profit, or as alternatives to cash flow from operating activities,
or other metrics derived in accordance with IFRS.View entire presentation