28 October 2013 Results THIRD QUARTER AND NINE MONTHS 2013 An integrated energy player focused on exploration and production
Key highlights Strategy execution update Business overview Final remarks Appendix 3 Third quarter and nine months 2013 results
Key highlights Lula NE set to full capacity by 4Q14, however adverse weather conditions led to delay in installation of BSR1, impacting exit production for 2013 Proceeding with appraisal and development works in Lula field prior to…
Key highlights Strategy execution update Business overview Final remarks Appendix 5 Third quarter and nine months 2013 results
Paving the way for 10 FPSOs by 2017 FPSO units in the Lula/Iracema field FPSO C. Paraty producing in Lula NE since Jun-13 and expected to reach full capacity by 4Q14, as planned FPSO to Iracema Sul 70% completed, on track to…
Implementing gas export solutions and de-risking production ramp-up Gas export from the Lula field FPSO at Lula NE to be connected to the Lula-Mexilho pipeline in 1Q14 Most of the pipes for the second pipeline, Cabinas, already…
Ensuring a timely execution of Lula/Iracema project Development wells in Lula/Iracema Execution rate Project Type of wells Total Planned Drilled In progress Lula 1 Producers 6 6 - FPSO Cidade de Angra dos Reis Injectors 3 3 -…
First BSR in Lula NE starts to be installed by December 2013 Lula NE subsea equipment Transportation of BSR to the Lula NE area Use of buoyancy supported risers expected to reduce equipment fatigue 9 Third quarter and nine…
FPSO Cidade de Paraty producing at 30 kbopd with only one producing well Lula NE milestones Schedule FPSO delivery May-13 Start of production Jun-13 Connection of injector well Aug-13 Connection of producer well1 (being…
Increasing value at Lula/Iracema field WAG mechanism Continuing to test WAG, namely with first WAG injector already in gas cycle and to deliver results by 2014 Positive expectations about maintaining reservoir pressure, and…
Bracuhy reinforces oil and condensates volumes in BM-S-24 development Geological cross-section at BM-S-24 Relevant Bracuhy discovery with hydrocarbons gross column of 160 m, of which 100 m of oil Indications of connectivity…
Agulha-1 opened new alternatives for gas monetisation in Area 4 Area 4 Mamba/Coral appraisal campaign concluded, with Area 4 total GIIP volumes of over 80 Tcf, of which over 30 Tcf in reservoir exclusively located in Area 4…
Key data gathered in Potiguar and Namibia despite no commercial discoveries Potiguar basin Blocks in Namibian offshore Ararana and Tango proved the existence of Potential for oil in the Namibian offshore was working hydrocarbon…
Key highlights Strategy execution update Business overview Final remarks Appendix 15 Third quarter and nine months 2013 results
Ebitda flat at 312 m in 3Q13, given refining environment Profit & Loss ( m) Ebitda benefited from higher 3Q13 3Q12 YoY QoQ 9M13 YoY production in Brazil and stronger Turnover 5,808 4,925 +18% +26% 14,903 +4% LNG trading, although…
Maintaining a robust financial position Balance sheet ( m)1 Stable working capital, despite higher prices of oil and oil Sep.2013 Jun.2013 Sep - Jun Dec.2012 Sep - Dec products Non current assets 6.833 6.838 (4) 6.599 +235 Work…
Continuing to execute funding strategy and extending maturities Debt reimbursement profile ( m) 800 Gross debt of 3.8 bn with an average maturity of 3.3 years 600 400 Average cost of debt1 of 4.4% 200 0 2013 2014 2015 2016…
Short term outlook 4Q13 WI production targeted at c.27 kboepd, as start of Lula Sul and Lula Central EWT should offset FPSO CAR constrained production due to maintenance at Mexilho platform R&M business should continue to be…
Key highlights Strategy execution update Business overview Final remarks Appendix 20 Third quarter and nine months 2013 results
Final remarks Executing the Lula project is our number one priority, with focus on the second FPSO production ramp-up but also preparing works ahead Proceeding with important appraisal activities in the Santos basin, like Iara and…
SAVE THE DATE Galp Energia Capital Markets Day 2014 London, 4 March 2014
Key highlights Strategy execution update Business overview Final remarks Appendix 23 Third quarter and nine months 2013 results
Net entitlement production increased 13% YoY driven by Lula NE ramp-up Main E&P data Lula field with an average production of 12.8 kboepd, of 3Q13 3Q12 YoY QoQ 9M13 YoY which 2.3 kbopd from Lula NE Working interest production…
Difficult refining environment impacted R&M results Main R&M data Hydrocracker fully operational in 3Q13, contributing with c.2/bbl to refining margin in a tough 3Q13 3Q12 YoY QoQ 9M13 YoY refining environment Galp Energia…
Robust LNG trading activity driving G&P Ebitda up 16% YoY Main G&P data Strong LNG trading activity, with record 13 cargoes sold in 3Q13, 3Q13 3Q12 YoY QoQ 9M13 YoY mainly to Latin America and Asia NG supply total sales volumes…
E&P activities accounted for c.85% of total capex in 3Q13 Capital expenditure ( m) Exploration activities accounted for 46% of E&P capex in 3Q13, G&P namely in Brazil, Mozambique R&M and Namibia E&P - Production 728 E&P -…
Investor Relations team Tiago Villas-Boas, Head Catarina Aguiar Branco Ctia Lopes Maria Borrega Pedro Pinto +351 21 724 08 66 Investor.relationsgalpenergia.com For further information on Galp Energia, please go to:…
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