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

Ownership and governance

• Majority owned by CIESA, with Pampa Energía as the largest shareholder at 50%.

• Strong shareholder sponsorship from leading energy and industrial groups.

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

• Five out of nine board members are independent, reflecting global governance standards.

• Publicly listed on NYSE and BYMA since 1994.

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.

• Key business segments: natural gas transportation, liquids production, midstream, and other services.

• Major assets include Neuba I & II, San Martín pipelines, and the Cerri Complex.

• Provides engineering, O&M, integrity, and telecom services.

Market and industry context

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

• Neuquina basin supplies 69% of natural gas; YPF, Tecpetrol, and Pan American Energy are major producers.

• Main consumers: power plants (32%), industries (30%), and residential (26%).