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
→2022
OUTLOOK
YPF
CAPEX
(in Bn)
US$0.2
→2022
GUIDANCE
TOTAL
UPSTREAM
Uncon. US$1.6
US$3.7 US$2.8
Conven. US$1.2
DOWNSTREAM
US$0.7
OTHER
OUTPUT
BOE
+8%
CRUDE OIL
-224 KBBL/D
NATURAL GAS
~37 MM³/D
Vs 2021
+6%
Vs 2021
+5%
SHALE OIL
+45%
SHALE GAS
+40%
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