Vista Energy, S.A.B. de C.V. (NYSE:VIST) Q2 2023 Earnings Conference Call July 14, 2023 9:00 AM ET

Company Participants

Alejandro Chernacov - Strategic Planning and Investor Relations Officer

Miguel Galuccio - Founder, Chairman and Chief Executive Officer

Conference Call Participants

Bruno Montanari - Morgan Stanley

Rodrigo Nistor - Latin Securities

Walter Chiarvesio - Santander

Regis Cardoso - Credit Suisse

Oriana Covault - Balanz

Operator

Good day, and thank you for standing by. Welcome to the Vista's Second Quarter 2023 Earnings Webcast Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker today, Alejandro Chernacov, Vista's Strategic Planning and IRO. Please go ahead.

Alejandro Chernacov

Thanks. Good morning, everyone. We are happy to welcome you to Vista's second quarter 2023 results conference call.

I am here with Miguel Galuccio, Vista's Chairman and CEO; Pablo Vera Pinto, Vista's CFO; and Juan Garoby, Vista's COO.

Before we begin, I would like to draw your attention to our cautionary statements on slide two. Please be advised that our remarks today, including the answers to your questions, may include forward-looking statements. These forward-looking statements are subject to risks and uncertainties that could cause actual results to be materially different from expectations contemplated by these remarks. Our financial figures are stated in U.S. dollars and in accordance with International Financial Reporting Standards, IFRS. However, during this conference call, we may discuss certain non-IFRS financial measures such as adjusted EBITDA and adjusted net income. Reconciliation of these measures to the closest IFRS measure can be found in our earnings release that we issued yesterday. Please check our website for further information.

Our company, Vista is a sociedad anónima bursátil de capital variable organized under the laws of Mexico, registered in Bolsa Mexicana de Valores and the New York Stock Exchange. Our tickers are VISTAA in the Bolsa Mexicana de Valores and VIST in the New York Stock Exchange.

I will now turn the call over to Miguel.

Miguel Galuccio

Thanks, Ale. Good morning everyone, and welcome to this earning call. I am pleased to share with you our results for the second quarter of 2023 during which we have made substantial progress in the delivery of our strategic pillars.

We significantly increased our well inventory, secured enough evacuation capacity to deliver on our 2026 strategic plan and strengthened our balance sheet. This leaves us well prepared for a strong profitable growth in the second half of the year and in the coming years.