YPF SA (NYSE:YPF) Q2 2022 Earnings Conference Call August 11, 2022 9:00 AM ET

Company Participants

Pablo Calderone - IR Officer

Pablo Iuliano - GM, CEO & Director

Alejandro Lew - CFO

Conference Call Participants

Frank McGann - Bank of America Merrill Lynch

Bruno Montanari - Morgan Stanley

Luiz Carvalho - UBS

Ezequiel Fernández - Balanz

Marcelo Gumiero - Crédit Suisse

Andres Cardona - Citigroup

Operator

Hello, and thank you for standing by. My name is Regina, and I will be your conference operator today. At this time, I would like to welcome everyone to the YPF Second Quarter 2022 Earnings Webcast Presentation. .

I would now like to turn the conference over to Pablo Calderone, YPF IR Manager. Please go ahead.

Pablo Calderone

Good morning, ladies and gentlemen. This is Pablo Calderone, YPF IR Manager. Thank you for joining us today in our Second Quarter 2022 Earnings Call. Today, we will have some introductory remarks from our new CEO, Pablo Iuliano; and then our CFO, Alejandro Lew, will go through the main aspects of our second quarter results.

Before we begin, I would like to draw your attention to our cautionary statement on Slide 2. Please take into consideration that our remarks today and answer to your question may include forward-looking statements, which are subject to risks and uncertainties that could cause actual results to be materially different from the expectations contemplated by these remarks.

Also, note the exchange rate used in calculations to reach our main financial figures in U.S. dollars. Our financial figures are stated in accordance with IFRS, but during the call, we may discuss some non-IFRS measures such as adjusted EBITDA.

Now let me turn the call to Pablo Iuliano.

Pablo Iuliano

Thank you, Pablo. Good morning, and thanks, everyone, for joining today. I am delighted to be with you for the first time to report our second quarter results. And before getting into specific, I would like to begin my remarks by thanking our now former CEO, Sergio Affronti, who 2 years ago, trusted me to rejoin YPF to lead our unconventional operations. Sergio took the hand of the company at an extremely difficult time, not only for YPF and Argentina, but for all the economies worldwide and navigated through the strong with affirmed determination, successfully putting the company back on the path of profitable growth. Therefore, the positive results that we are presenting today are the outcome of Sergio's strong leadership and the outstanding job performance by the more than 20,000 employees and more than 40,000 people that indirectly contributed with us, with whom, we will continue working to deliver on our ambitious target.