Transportadora de Gas del Sur S.A. (TGSU2) Investor Presentation summary

Ownership and governance

• Majority owned by CIESA, with Pampa Energía as a key sponsor and strong industry experience.

• Publicly listed since 1994 on NYSE and BYMA, with global corporate governance standards.

• Management team averages over 30 years of industry experience and maintains low turnover.

• Five out of nine board members are independent.

Business overview and operations

• Operates the largest gas pipeline system in Latin America, transporting 61% of Argentina's natural gas consumption.

• 9,248 km of pipelines with 89 MMm³/day firm contracted capacity.

• Significant presence in midstream, liquids production, and telecommunications services.

• Vaca Muerta shale gas transportation and conditioning are key growth areas.

Market and industry context

• Natural gas is the dominant energy source in Argentina, accounting for 53% of the energy matrix.

• Neuquina basin supplies 69% of natural gas, with YPF, Tecpetrol, and Pan American as major producers.

• Power plants, industries, and residential users are the main consumers.