Results THIRD QUARTER AND NINE MONTHS 2010 October 28 2010 Extending success into new challenges
Third quarter and nine months results highlights Business overview Financial overview Shortterm outlook 2 Third Quarter and Nine Months 2010 results
Third Quarter and Nine Months Results Highlights Exploration & Increase in production and crude price impacting EBITDA YoY Production Refining & Galp Energias refining margin increased by 1.5/bbl YoY in 3Q10 Marketing Gas &…
Third quarter and nine months results highlights Business overview Financial overview Shortterm outlook 4 Third Quarter and Nine Months 2010 results
Increase in production and crude price impacting EBITDA YoY Main E&P data Tupi EWT and CPT Tmbua 3Q10 3Q09 YoY QoQ 9M10 9M09 YoY Lndana projects drove Working interest production kbbl/d 19.6 14.3 +37% (1%) 19.3 13.6 +41%…
Galp Energias refining margin increased by 1.5/bbl YoY in 3Q10 Main R&M data 3Q10 YoY increase in 3Q10 3Q09 YoY QoQ 9M10 9M09 YoY premium over Galp Energia refining margin /bbl 2.1 0.6 +265% (38%) 2.7 1.5 +85% benchmark due to…
Natural gas supply volumes stable YoY Main G&P data Stable YoY NG supply 3Q10 3Q09 YoY QoQ 9M10 9M09 YoY sales to electrical market NG supply total sales volumes M m3 1,302 1,293 +1% +18% 3,586 3,482 +3% despite higher hydro…
Third quarter and nine months results highlights Business overview Financial overview Shortterm outlook 8 Third Quarter and Nine Months 2010 results
3Q10 net profit RCA of 93 Mln, up 18% YoY Profit & Loss (Mln) Positive 3Q10 operating performance in line 3Q10 3Q09 YoY QoQ 9M10 9M09 YoY with the first half Turnover 3,590 3,257 +10% +0% 10,460 9,050 +16% trend EBITDA 223…
Transformational capex execution according to plan Capital expenditure 1 (Mln) Tupi continued to be the G&P R&M E&P main driver of E&Ps capex 864 Upgrade refining project 435 capex accelerated in 385 3Q10 171…
Net debt increase driven by capex execution in 3Q10 Consolidated balance sheet (Mln) Increase in work in Sep. 2010 Jun. 2010 Sep Jun Dec. 2009 Sep Dec progress, which reached Fixed assets 5,122 4,835 +287 4,379 +743 1.7 Bln,…
Additional facilities of 1.01 Bln M/Lterm debt reimbursement profile (Mln) No major debt reimbursements before 600 2012 400 200 0 Net debt totalled 2.7 Bln 2010 2011 2012 2013 +2014 Debt structure as of September…
Third quarter and nine months results highlights Business overview Financial overview Shortterm outlook 13 Third Quarter and Nine Months 2010 results
Shortterm Outlook Exploration & 4Q10 working interest production boosted by Tupi pilot project start up Production Refining & Refining margins should be positively impacted by recent supply disruption Marketing Gas & 4Q10 NG…
Results THIRD QUARTER AND NINE MONTHS 2010 October 28 2010 Extending success into new challenges TIAGO VILLASBOAS tiagovbgalpenergia.com www.galpenergia.com INVESTOR RELATIONS OFFICER T: +351 21 724 08 66 F: +351 21 724 29 65
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