Cash & Debt Overview

Resumen de Caja y Deuda

Cash and Debt, by Segment (in AR$ million)
Cash
as of December 31, 2018(1)
Consolidated
Financial Statements
Ownership Adjusted
Power generation 1,749 1,108
Electricity distribution 4,618 2,390
Refining & distribution 3 3
Petrochemicals
Holding and others 8,839 8,839
Oil and gas 10,491 10,486
Total 25,700 22,826
Bank and Financial Debt
as of December 31, 2018
Consolidated
Financial Statements
Ownership Adjusted
Power generation(2) 22,467 22,467
Electricity distribution 8,270 4,281
Refining & distribution
Petrochemicals
Holding and others
Oil and gas 46,707 46,707
Total 77,444 73,455

Note: (1) It includes cash and short-term investments. (2) It does not include regulatory liability held against CAMMESA for AR$4,646 million.

Listed Debt Securities (In Million)
Company Security Maturity Amount Issued Amount Outstanding Coupon
In US$
Transener1 CB Series 2 2021 101 99 9.75%
Edenor CB par at fixed rate 2022 300 166 9.75%
TGS1 CB at discount at fixed rate 2025 500 500 6.75%
Pampa Energía CB Series 4 US$-Link2,3 2020 34 34 6.25%
CB Series T at discount at fixed rate 2023 500 500 7.375%
CB Series I at discount at fixed rate 2027 750 741 7.5%
In AR$
Pampa Energía CB Series E3 2020 575 575 Badlar Privada

Note: (1) Affiliates are not consolidated in Pampa’s FS, according to the IFRS standards. (2) CB dollar-link, with initial FX rate of AR$8.4917 /US$. (3) Debt securities issued by CTLL, a power generation subsidiary merged by absorption to Pampa Energía.

Credit Ratings
Foreign Currency Domestic Currency
Fitch B
Moody’s B2
S&P Global B AA-

Information updated as of December 1, 2018.