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Investor Presentaiton

Financial Program 2019 by currency USD Bn ARS USD Total ARS USD Total Needs (excl. Letes) 7.5 21.0 28.5 Sources (excl. Letes) 4.5 35.2 39.7 Primary deficit 0.0 Initial cash balance 4.5 6.4 10.9 Plan Gas 2017 0.6 0.6 Interest (priv, IFIs, financial public sec) 4.3 9.9 14.2 IMF Principal payments (private) 2.6 7.5 10.1 Private financing International Bonds 2.8 2.8 International market 22.5 22.5 1.7 1.7 0.0 Global '19 2.8 2.8 Domestic Bonds Bonar '24 2.6 1.2 3.8 Domestic market 0.0 1.1 1.1 ARGDUO '19 1.5 1.5 ARGCER '19 0.8 0.8 ARGBON '19 Badlar+250 0.1 0.1 Others 0.2 0.2 Repo 3.5 3.5 Repo 1.7 1.7 IFIs Principal Payments IADB + World Bank + CAF Other Paris Club 3.6 3.6 IFIs (ex-IMF) 4.6 4.6 1.7 1.7 IADB + World Bank + CAF 4.4 4.4 0.2 0.2 Other 0.2 0.2 1.7 1.7 Club de Paris 0.0 Letes (private) Letes in USD Letes in ARS 9.4 9.7 19.1 Letes (private) 9.7 9.7 Letes in USD 9.4 9.4 Letes in ARS Note: Totals may not add up due to rounding of intermediate figures. A portion of primary spending is carried out in USD. 4.3 4.5 8.8 4.5 4.5 4.3 4.3 5
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