YPF Sociedad Anonima

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. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, press star 1 again. I would now like to turn the conference over to Paolo Calderone, YPF IR Manager. Please go ahead.

Good morning, ladies and gentlemen. This is Paolo Calderone, YPF IR Manager. Thank you for joining us today in our second quarter 2022 earnings calls. Today, we will have some introductory remarks from our new CEO, Pablo Juliano, and then our CFO, Alejandro Leo, 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 Light 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 might discuss some non-IFRS measures such as adjusted EBITDA. Now, let me turn the call to Pablo Juliano.

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 specifics, I would like to begin my remarks by thanking our now former CEO, Sergio Frondi, who two years ago trusted me to rejoin YPF to lead our unconventional operations. Sergio took the helm of the company at an extremely difficult time, not only for YPF and Argentina, but for all the economies worldwide, and navigated through the storm with a firm determination, successfully putting the company back on the path of profitable growth. Therefore, the positive result that we are presenting today are the outcome of Sergio's strong leadership and the outstanding job performed 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 targets. I would like to also express how proud and honored I am to assume the responsibility to lead the largest integrated energy company in the country, with my firm commitment and that of the entire board of directors and of the executive team of stacking YPF to the next level. by growing consistently in a profitable way to become an edge exporter of energy within the next two years, all the while we maintain a prudent and healthy financial strategy and having safety and sustainability of our operations at the forefront of our day-to-day decisions. Now, moving into the very purpose of this call, let me start highlighting that this was a very robust quarter in which we continued delivering solid operational and financial results. We continued expanding our profitability, gaining further operating efficiency and consolidating the production growth that we have been delivering for over a year leveraging, amongst others, on the tremendous progress that has been gained in our back-and-forth operations in the post-pandemic. We therefore feel very comfortable with our ability to deliver on our ambitious guidance established at the beginning of the year, and further adjustment than to establish more challenging goals as Alejandro will go through by the end of his remarks. I now turn the call to Alejandro to go through our results for the second quarter.