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Q4 2009 RESULTS – Galp Energia

Galp Energia · Feb 25, 2010 · 13 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Q4 2009 RESULTS – Galp Energia – slide 1
    FOURTH QUARTER AND FULL YEAR 2009 RESULTS FEBRUARY 25 2010 Extending success into new challenges Investor Relations
  2. Q4 2009 RESULTS – Galp Energia – slide 2
    HIGHLIGHTS Fourth Quarter and Full Year 2009 Results Investor Relations
  3. Q4 2009 RESULTS – Galp Energia – slide 3
    FOURTH QUARTER AND FULL YEAR 2009 RESULTS HIGHLIGHTS EXPLORATION & First Tupis production with impact in results PRODUCTION REFINING & Continued depressed refining environment MARKETING GAS & Stable contribution of…
  4. Q4 2009 RESULTS – Galp Energia – slide 4
    BUSINESS OVERVIEW Fourth Quarter and Full Year 2009 Results Investor Relations
  5. Q4 2009 RESULTS – Galp Energia – slide 5
    FIRST TUPIS PRODUCTION WITH IMPACT IN RESULTS MAIN DATA E&P Tupis EWT contributed with a production of 283 4Q09 4Q08 YoY QoQ 12M09 YoY thousand barrels Working interest production kbbl/d 17.7 15.5 +14% +24% 14.7 (3%) Net…
  6. Q4 2009 RESULTS – Galp Energia – slide 6
    CONTINUED DEPRESSED REFINING ENVIRONMENT MAIN DATA R&M 4Q09 4Q08 YoY QoQ 12M09 YoY Increase in premium to Galp Energia refining margin /bbl 0.9 5.8 (84%) +2% 1.5 (67%) benchmark QoQ as light/heavy crude spread Spread over…
  7. Q4 2009 RESULTS – Galp Energia – slide 7
    STABLE CONTRIBUTION OF NATURAL GAS DISTRIBUTION BUSINESS MAIN DATA G&P Decrease in volumes 4Q09 4Q08 YoY QoQ 12M09 YoY sold driven by higher hydro NG supply total sales volumes M m3 1,198 1,225 (2%) (7%) 4,680 (17%) Liberalized…
  8. Q4 2009 RESULTS – Galp Energia – slide 8
    FINANCIAL OVERVIEW Fourth Quarter and Full Year 2009 Results Investor Relations
  9. Q4 2009 RESULTS – Galp Energia – slide 9
    4Q09 NET PROFIT RCA OF 34 MLN (-73% YoY) PROFIT & LOSS Higher non-cash costs Mln 4Q09 4Q08 YoY QoQ 12M09 YoY due to higher investment levels Turnover 2,911 3,579 (19%) (11%) 11,960 (21%) EBITDA 147 244 (40%) (23%) 619 (37%)…
  10. Q4 2009 RESULTS – Galp Energia – slide 10
    CAPEX MAINLY CHANELLED TO UPGRADE PROJECT CAPEX G&P Mln R&M E&P capex focused in E&P Tmbua-Lndanas and 1,560 1,600 1,580 1,560 1,540 Tupis fields 1,520 1,500 1,480 1,460 1,440 1,420 1,400 1,380 1,360 1,340 1,320…
  11. Q4 2009 RESULTS – Galp Energia – slide 11
    EFFICIENT NET WORKING CAPITAL MANAGEMENT FINANCIAL POSITION 1 bln allocated to fixed Mln Dec. 2009 Sept. 2009 Dec - Sept Dec. 2008 Dec - Dec assets not yet generating return Fixed assets 4,154 3,941 +213 3,881 +273 Work in…
  12. Q4 2009 RESULTS – Galp Energia – slide 12
    MAJOR DEBT REIMBURSEMENT STARTING IN 2011 Debt structure as of December 2009 61% 80% Net debt totalled 1.9 Bln 39% 20% Average M/L-term debt Floating Fixed Short-term M/L-term maturity of 4.0 years M/L-term M/L-term…
  13. Q4 2009 RESULTS – Galp Energia – slide 13
    FOURTH QUARTER AND FULL YEAR 2009 RESULTS FEBRUARY 25 2010 Tiago Villas-Boas Investor Relations Officer tiagovbgalpenergia.com T: +351 21 724 08 66 Extending success into new challenges www.galpenergia.com F: +351 21 724 29…

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