YPF Sociedad Anónima (NYSE:YPF) Q2 2024 Earnings Conference Call August 9, 2024 9:00 AM ET
Company Participants
Margarita Chun - Investor Relations Manager
Horacio Marin - Chief Executive Officer
Federico Barroetavena - Chief Financial Officer
Conference Call Participants
Bruno Montanari - Morgan Stanley
Luis Carvalho - UBS
Vicente Falanga - Bradesco
Alejandro Demichelis - Jefferies LLC
Andres Cardona - Citi
Marina Mertens - Latin Securities
Leonardo Marcondes - Bank of America Merrill Lynch
Operator
Thank you for standing by. My name is Mandeep, and I will be your operator today. At this time, I would like to welcome everyone to the YPF 2Q 2024 Earnings Webcast Presentation Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks there will be a question-and-answer session. [Operator Instructions] Thank you.
I would now like to turn the call over to Margarita Chun, Investor Relations Manager. You may begin.
Margarita Chun
Good morning, ladies and gentlemen. This is Margarita Chun, YPF IR Manager. Thank you for joining us today in our second quarter 2024 earnings call. This presentation will be conducted by our CEO, Mr. Horacio Marin; and our CFO, Mr. Federico Barroetavena.
During the presentation, we will go through the main aspects and events that explain the quarter results. And then we will go to open the floor for Q&A session, together with our senior management.
Before we begin, please consider our cautionary statement on Slide 2. Our remarks today and answers to your questions 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. Our financial figures are stated in accordance with IFRS, but during the presentation, we might discuss some non-IFRS measures, such as adjusted EBITDA.
On the other hand, as of this quarter, the company decided to actively define CapEx instead of reporting the total PP&E acquisitions as the best approximation. In this sense, we also included acquisitions of intangible assets and excluded items charged to operating costs during the period, among others. It is worth mentioning that this new definition does not alter the accounting standards of the company. It simply provides a clearer view of the CapEx. Therefore, the analysis of CapEx since this quarter and the comparative periods is based on the new definition.
I will now turn the call over to Horacio. Please go ahead.