Cash & Debt Overview

Resumen de Caja y Deuda

Cash and Debt, by Segment (in AR$ million)
Cash
as of March 31, 2019(1)
Consolidated
Financial Statements
Ownership Adjusted
Power generation 1,918 1,137
Electricity distribution 3,384 1,752
Refining & distribution
Petrochemicals
Holding and others 10,664 10,664
Oil and gas 7,734 7,728
Total 23,699 21,280
Bank and Financial Debt
as of March 31, 2019
Consolidated
Financial Statements
Ownership Adjusted
Power generation(2) 24,358 24,358
Electricity distribution 9,615 4,977
Refining & distribution
Petrochemicals
Holding and others
Oil and gas 48,490 48,490
Total 82,463 77,825

Note: (1) It includes cash and short-term investments. (2) It does not include regulatory liability held against CAMMESA for AR$4,877 million.

Listed Debt Securities (In Million)
Company Security Maturity Amount Issued Amount Outstanding Coupon
In US$
Transener1 CB Series 2 2021 101 97 9.75%
Edenor CB par at fixed rate 2022 300 164 9.75%
TGS1 CB at discount at fixed rate 2025 500 500 6.75%
Pampa Energía CB Series 4 US$-Link2,3 2020 34 34 6.25%
CB Series T at discount at fixed rate 2023 500 500 7.375%
CB Series I at discount at fixed rate 2027 750 740 7.5%
In AR$
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
S&P Global
B
Moody’s B2
Fitch B AA-

Information updated as of May 10, 2019.