Cash & Debt Overview

Resumen de Caja y Deuda

Cash and Debt, by Segment (in US$ million)
As of June 30, 2020,
in US$ million		 Cash1 Financial debt Net debt
Consolidated
in FS		 Ownership
adjusted		 Consolidated
in FS		 Ownership
adjusted		 Consolidated
in FS		 Ownership
adjusted
Power generation 146 132 505 505 359 373
Electricity distribution 81 44 150 83 70 38
Petrochemicals – – – – – –
Holding and others 2 2 – – (2) (2)
Oil and gas 245 245 1,086 1,086 842 842
Total under IFRS
 474 424 1,742 1,674 1,268 1,250
Affiliates at ownership2 161 161 416 416 255 255
Total with affiliates 635 585 2,158 2,090 1,523 1,505
Total Restricted Group3 393 379 1,591 1,591 1,198 1,212

Note: FS: Financial Statements; IFRS: International Financial Reporting Standards. 1 It includes cash and cash equivalents, financial assets at fair value with changing results and investments at amortized cost; it excludes Plan Gas’ bonds pending of collection. 2 Under IFRS, the affiliates Greenwind, OldelVal, Refinor, CTBSA (CT Barragán S.A.), Transener and TGS are not consolidated in Pampa. 3 Consolidated figures excluding Edenor and affiliates, according to the definition in Pampa Energía’s debt offering memorandums.

Listed debt securities (in million)
Company ISIN
 Security Maturity Amount issued Amount outstanding Coupon
In US$
Transener1 USP3058XAK11 CB Series 2 2021 101 91 9.75%
Edenor USP3710FAJ32 CB – par at fixed rate 2022 300 113 9.75%
TGS1 USP9308RAZ66 CB – discount at fixed rate 2025 500 482 6.75%
Pampa Energía USP7873PAE62 CB Series T – discount at fixed rate 2023 500 397 7.375%
USP7464EAA49 CB Series I – discount at fixed rate 2027 750 644 7.5%
USP7464EAB22 CB Series III – discount at fixed rate 2029 300 293 9.125%
In AR$
Pampa Energía ARCTLL560045 CB Series E2 2020 575 575 Badlar Privada
ARPAMP560087 CB Series V3 2020 565 565 Badlar Privada +5%
ARPAMP560095 CB Series VI4 2020 6.355 6.355 Badlar Privada +2.5%

Note: Updated as of August 11, 2020. 1 Affiliates are not consolidated in Pampa’s Finacial Statements (FS), according to the International Financial Reporting Standards (IFRS). 2 Issued by Loma De La Lata Thermal Power Plant (CTLL), a subsidiary merged to Pampa Energía. 3 Issued on April 30, 2020. 4 Issued on July 29, 2020.

Credit Ratings
Foreign Currency Domestic Currency
S&P Global
 CCC+ –
Moody’s Caa3 –
Fitch CCC AA- (long-term)

A1+ (short-term)

Information updated as of August 11, 2020.