Vista Energy, S.A.B. de C.V. (NYSE:VIST) Q4 2023 Earnings Conference Call February 21, 2024 9:00 AM ET

Company Participants

Alejandro Cherñacov – Strategic Planning and Investor Relations Officer

Miguel Galuccio – Chairman and Chief Executive Officer

Conference Call Participants

Bruno Montanari – Morgan Stanley

Tasso Vasconcellos – UBS

Marina Mertens – Latin Securities

Daniel Guardiola – BTG Pactual

Paula La Greca – TPCG

Andres Felipe Cardona – Citi

Alejandro Demichelis – Jefferies

Operator

Good day and thank you for standing by. Welcome to Vista's Fourth Quarter 2023 Earnings Webcast. At this time, all participants are in a listen-only mode. After the speakers’ 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 Vista's Strategic Planning and Investor Relations Officer, Alejandro Cherñacov.

Alejandro Cherñacov

Thanks. Good morning, everyone. We are happy to welcome you to Vista's fourth quarter and full year 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 statement on Slide 2. 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 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 the 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 the Bolsa Mexicana de Valores and the New York Stock Exchange. Our ticker is 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, and welcome to this earnings call. We have an exceptional year in 2023. We have continued to deliver strong operational and financial results with double-digit growth, improved reserves, total production and adjusted EBITDA. We also secured oil misting capacity in key projects, which underpin our updated production target for 2026.