Investor Relations
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History

History

The Company was incorporated as an Argentine limited liability corporation (sociedad anónima) in 1945 under the name Frigorífico La Pampa S.A. In 2003, the former business activities, which were limited to the ownership and operation of a warehouse building, were suspended. In 2005, the Company was acquired by the principals of Grupo EMES (formerly Grupo Dolphin), an Argentine private equity group, to serve as a corporate vehicle for its investments in Argentina. The name was changed first to Pampa Holding S.A., and subsequently to Pampa Energía S.A., given the Company’s focus on the energy industry.

Since this change, it begins a story highlighting one goal: to become one of leading energy companies in Argentina. The following timeline summarizes the Company’s milestones:

February 2023: Commissioning of the Combined Cycle at Ensenada Barragán Thermal Power Plant

Commissioning to the Steam Turbine 01 (EBARTV01) for up to 260 MW, increased to 281 MW in April 2023. With the completion of the combined cycle, the total installed capacity of Ensenada Barragán Thermal Power Plant (CTEB) amounts to 848 MW.

June 2023: Commissioning of Pampa Energía Wind Farm IV (‘PEPE IV´)

Commissioning of 18 V-150 Vestas wind turbines of 4.5 MW each, reaching a total installed capacity of 81 MW.

July 2023: Ninth Capital Reduction

Pampa reduces its capital stock in 20 million treasury shares under repurchase programs.

March 2022: Seventh Capital Reduction

Pampa reduces its capital stock in 13 million treasury shares under repurchase programs.

August 2022: Exchange of 2023 CB for US$407 million

Pampa exchanged US$407 million of its Corporate Bond (CB) maturing in 2023 with an interest rate of 7.375% for the issuance of a CB with final maturity in 2026 and interest rate of 9.5% (US$293 million) and cash (US$122 million).

August 2022: Acquisition of 50% of the Wind Farm Engineer Mario Cebreiro – change of control

Pampa Group has acquired 50% of the Wind Farm Engineer Mario Cebreiro, with a 100 MW capacity, reaching 100% of ownership.

October 2022: Eighth Capital Reduction

Pampa reduces its capital stock in 3 million treasury shares under repurchase programs.

December 2022: Acquisition of Arauco II Wind Farm

Pampa acquired 100% of Arauco II Wind Farm stage 1 and 2, with a 100 MW capacity.

June 2021: Fourth Capital Reduction

Pampa reduces its capital stock in 152 million treasury shares under repurchase programs.

June 2021: Sale of controlling stake in Edenor – transaction closing

On June 30, 2021, took place the closing of the sale of controlling stake in Edenor, announced on December 28, 2020, transferring the Class A common share ownership representing 51% of the capital stock and votes of Edenor.

October 2021: Fifth Capital Reduction

Pampa reduces its capital stock in 141 million treasury shares under repurchase programs.

October 2021: Sixth Capital Reduction

Pampa reduces its capital stock in 57 million treasury shares under repurchase programs.

May 2020: Third Capital Reduction

Pampa reduces its capital stock in 152 million treasury shares under repurchase programs.

July 2020: Commissioning of the Second Combined Cycle at Genelba Thermal Power Plant

Commissioning to the Steam Turbine 02 (GEBATV02) for 199 MW, which in addition to the capacity increase achieved at Genelba Thermal Power Plant (CTGEBA) during the month of June 2019, the project of closing to combined cycle of Genelba Plus reached a total capacity of 400 MW. With the completion of the new combined cycle, the total installed capacity of CTGEBA amounts to 1,243 MW, becoming the largest thermal power plant in the country.

May 2019: Commercial Commissioning of the Wind Farms for a Total Power Capacity of 106.4 MW

Commercial commissioning of the Pampa Energía Wind Farm (‘PEPE’) II and III with an installed capacity of 53.2 MW each.

May 2019: Joint Awarding of Ensenada de Barragán Thermal Power Plant

Pampa and YPF jointly acquired the Ensenada de Barragán thermal power plant with a power capacity of 560 MW and a project to close the cycle in order to increase its capacity to 840 MW.

June 2019: Commissioning of Gas Turbine at Genelba Thermal Power Plant

Commercial commissioning to the Gas Turbine 04 for 188 MW and capacity increase of the already existing Gas Turbine 03, Genelba Plus, for additional 19 MW, as part of the Genelba Plus’s closing to combined cycle project.

July 2019: Corporate Bond Issuance for US$300 million

Pampa places the Series 3 Corporate Bond (CB), which was dollar-denominated and bore interest at a fixed rate for a face value of US$300 million. The issuance price was 98.449% of the par value, at a 9.125% nominal fixed annual rate, yielding 9.375% and maturing in April 2029.

May 2018: Seventh Capital Increase due to Merger with Petrobras Argentina II

Pampa increases its capital stock in 102 million shares at AR$1 per share.

June 2018: Commercial Commissioning of the First Wind Farm Engineer Mario Cebreiro

Commercial commissioning of the first Wind Farm Engineer Mario Cebreiro with a 100 MW capacity, which given the technology and size, it is also the first project to reach such milestone under Renovar 1 program.

August 2018: Eighth Capital Increase and Exchange of Minority Holdings of Petrolera Pampa

Pampa increases its capital stock in 144 million shares at AR$1 per share and acquires the minority holdings of Petrolera Pampa, among other companies.

November 2018: Second Capital Reduction

Pampa reduces its capital stock in 183 million treasury shares under repurchase programs.

January 2017: Corporate Bond Issuance for US$750 million

Pampa places the Series 1 Corporate Bond (CB), which was dollar-denominated and bore interest at a fixed rate for a face value of US$750 million. The issuance price was 99.136% of the par value, at a 7.5% nominal fixed annual rate, yielding 7.625% and maturing 10 years as from issuance.

August 2017: Commercial Commissioning of New Gas Turbine at Central Térmica Loma de la Lata and Central Térmica Parque Industrial Pilar

Expansion of a 100 MW capacity at Central Térmica Loma de la Lata

Commercial commissioning of Central Térmica Parque Industrial Pilar with a 100 MW capacity

December 2017: Commercial Commissioning of Central Térmica Ingeniero White

The Central Térmica Ingeniero White with a 100 MW capacity started commissioning.

July 2016: Acquisition of Petrobras Argentina

Pampa acquires the controlling stake of Petrobras Argentina, thus becoming one of the leading energy companies in Argentina. As a condition precedent, Petrobras Argentina issued Corporate Bond (CB) for US$500 million, maturing in 7 years with an interest rate of 7.375% mainly to refinance Series S CB for US$300 million.

November 2016: Sixth Capital Increase due to Merger with Petrobras Argentina I

Pampa increases its capital stock in 141 million shares at AR$1 per share.

November 2016: Effective Merger with Petrobras Argentina

Pampa and Petrobras Argentina operate as a single entity, setting the effective date of merger as of November 1, 2016.

December 2015: Fifth Capital Increase

Pampa increases its capital stock in 382 million shares at AR$1 per share.

January 2014: Petrolera Pampa, the E&P Subsidiary of Pampa, Starts Trading its Shares at the BCBA

Petrolera increases its capital stock by 59.7 million common shares at AR$1.6 per share.

July 2012: Fifth Amendment to CIESA’s Outstanding Debt Restructuring Agreement

Settlement of the defaulted debt, which was acquired in January 2011, and designation of Pampa Energía as the CIESA Trust’s beneficiary, which holds 40% of CIESA, the controlling company of TGS.

November 2011: Commissioning of the Combined Cycle at Central Térmica Loma de la Lata

Electricity to be sold as PPA contract with CAMMESA.

September 2009: First Capital Reduction

Pampa reduces its capital stock in 212 million treasury shares under repurchase programs.

October 2009: Pampa Started Trading its ADSs in the NYSE

Under the ticker ‘PAM’ as sponsored ADSs (American Depositary Shares) level II program.

July 2008: Central Térmica Güemes Completes 100 MW Capacity Expansion

The first unit under the Energía Plus scheme.

September 2008: Pampa Initiates its Share Repurchase Programs

More than 200 million shares were bought back, being later cancelled in the capital stock.

February 2007: Third Capital Increase

Pampa increases its capital stock in 600 million shares at AR$2.23 per share.

May 2007: Pampa Acquires Central Térmica Loma de la Lata
August 2007: Pampa Acquires Central Térmica Piedra Buena
September 2007: Fourth Capital Increase and Acquisition of Edenor‘s Controlling Stake

Pampa acquires controlling stake of Edenor through a share swap. Pampa increases its capital stock in 480 million shares at AR$2.61 per share to carry out the exchange.

May 2006: First Capital Increase

Pampa increases its capital stock in 140 million shares at AR$1 per share.

September 2006: Second Capital Increase and Transener‘s Co-control Acquisition

Pampa increases its capital stock in 300 million shares at AR$1.15 per share.

October 2006: Pampa Acquires a Controlling Stake of Hidroeléctrica Los Nihuiles and Hidroeléctrica Diamante
December 2006: Pampa Acquires a Controlling Stake of Central Térmica Güemes
November 2005: Pampa is Born

Senior members of Grupo EMES (formerly known as Grupo Dolphin) acquired Pampa Energía to channel their acquisitions in the energy sector.