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Q1 2011 Earnings Call – Repsol S.A.

Repsol S.A. · May 12, 2011 · 23 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. Q1 2011 Earnings Call – Repsol S.A. – slide 1
    First Quarter 2011 Results WEBCAST CONFERENCE CALL May 12th, 2011 Mr. Mr. Miguel Miguel Martnez Martnez COO COO May 2011
  2. Q1 2011 Earnings Call – Repsol S.A. – slide 2
    Agenda Q1 2011 Outlook Relevant Issues Operational Highlights Q1 2011 Results Financial Overview 2
  3. Q1 2011 Earnings Call – Repsol S.A. – slide 3
    Agenda Q1 2011 Outlook Relevant Issues Operational Highlights Q1 2011 Results Financial Overview 3
  4. Q1 2011 Earnings Call – Repsol S.A. – slide 4
    Q1 2011 Outlook CCS Adjusted Net Income Million 9% 600 +2 400 654 Higher Oil and Gas Prices 508 200 Strong Performance in LNG Division 0 1Q10 1Q11 Recovery of Chemical Business CCS Adjusted Operating Income Million Lower…
  5. Q1 2011 Earnings Call – Repsol S.A. – slide 5
    Agenda Q1 2011 Outlook Relevant Issues Operational Highlights Q1 2011 Results Financial Overview 5
  6. Q1 2011 Earnings Call – Repsol S.A. – slide 6
    Relevant Issues Production Production Main Factors: kboed 400 -7% Unrest in Libya Moratorium in GoM 200 350 324 Maintenance turnarounds in T&T Peru LNG on stream 0 1Q10 1Q11 Ecuador new contracts Adjusted Operating Income…
  7. Q1 2011 Earnings Call – Repsol S.A. – slide 7
    Relevant Issues Projects on Time and on Budget Another year Start up of key Next wave of profitable growth* of value Downstream creation projects US GoM Bilbao / Buckskin Shenzi Cartagena Carabobo Reggane (US GoM) Brasil Capital…
  8. Q1 2011 Earnings Call – Repsol S.A. – slide 8
    Relevant Issues Projects on Time and on Budget Another year Start up of key Next wave of profitable growth* of value Downstream creation projects US GoM Bilbao / Buckskin Shenzi Cartagena Carabobo Reggane (US GoM) Brasil Capital…
  9. Q1 2011 Earnings Call – Repsol S.A. – slide 9
    Relevant Issues Partial Sale of Stake in YPF % of YPF shares 3,3 3,8 7,7 Next step 10,0 3,0 83 55 REPSOLs stake December sales March sales IPO PETERSEN Call Argentinean Final stake as of December (Institutional…
  10. Q1 2011 Earnings Call – Repsol S.A. – slide 10
    Agenda Q1 2011 Outlook Relevant Issues Operational Highlights Q1 2011 Results Financial Overview 10
  11. Q1 2011 Earnings Call – Repsol S.A. – slide 11
    Operational Highlights as of Mid May Upstream 5 exploratory wells; 3 in Brazil, 1 in Bolivia and 1 in US Appraisal wells: Peru, Venezuela, Brazil and GoM New exploratory acreage: farm-in into 164 blocks in Alaska LNG North America:…
  12. Q1 2011 Earnings Call – Repsol S.A. – slide 12
    Agenda Q1 2011 Outlook Relevant Issues Operational Highlights Q1 2011 Results Financial Overview 12
  13. Q1 2011 Earnings Call – Repsol S.A. – slide 13
    Q1 2011 Results CCS Adjusted Operating Income Million +11% 1200 800 1397 1260 400 0 1Q10 1Q11 13
  14. Q1 2011 Earnings Call – Repsol S.A. – slide 14
    Q1 2011 Results Upstream Adjusted Operating Income Million 700 153 600 51 500 25 400 (171) 300 490 200 432 100 0 1Q10 Price effect net of Volume Exploration Costs Depreciation & 1Q11 taxes Others 14
  15. Q1 2011 Earnings Call – Repsol S.A. – slide 15
    Q1 2011 Results Downstream Million CCS Adjusted Operating Income 300 38 11 200 (15) (4) 216 100 186 0 1Q10 Refining Marketing Chemical Others 1Q11 Activity 15
  16. Q1 2011 Earnings Call – Repsol S.A. – slide 16
    Q1 2011 Results YPF Million Adjusted Operating Income 800 104 700 15 151 600 (95) 500 (122) 400 (81) 300 200 420 392 100 0 1Q10 Price increases Export prices & Volume sales & Gas Costs Others 1Q11 in domestic…
  17. Q1 2011 Earnings Call – Repsol S.A. – slide 17
    Q1 2011 Results Gas Natural Fenosa Million Adjusted Operating Income 300 -2.7% 250 200 150 256 249 100 50 0 1Q10 1Q11 17
  18. Q1 2011 Earnings Call – Repsol S.A. – slide 18
    Agenda Q1 2011 Outlook Relevant Issues Operational Highlights Q1 2011 Results Financial Overview 18
  19. Q1 2011 Earnings Call – Repsol S.A. – slide 19
    Financial Overview EBITDA ex Gas Natural Million % 2000 +24 1500 1000 2111 1707 500 0 1Q10 1Q11 19
  20. Q1 2011 Earnings Call – Repsol S.A. – slide 20
    Financial Overview Liquidity Position Billion 10,0 8,0 6,0 9,9 4,0 6,5 4,8 2,0 2,2 0,0 1Q10 1Q11 Net Debt Liquidity Data Ex Gas Natural Net Debt (ex Preferred shares) = Gross Debt Financial Investments Cash &…
  21. Q1 2011 Earnings Call – Repsol S.A. – slide 21
    Financial Overview Credit metrics 31 Mar 10 31 Mar 11 Million Euro (Ex Gas Nat.) (Ex Gas Nat.) NET DEBT 4,843 2,180 CAPITAL EMPLOYED 30,378 31,695 NET DEBT / CAPITAL EMPLOYED (%) 15.9% 6.9% EBITDA 1,998 2,111 EBITDA / NET…
  22. Q1 2011 Earnings Call – Repsol S.A. – slide 22
    Conclusions 2011 is a transition year Projects 2012, 2013 on time and budget Long term targets valid 22
  23. Q1 2011 Earnings Call – Repsol S.A. – slide 23
    First Quarter 2011 Results WEBCAST CONFERENCE CALL May 12th, 2011 Mr. Mr. Miguel Miguel Martnez Martnez COO COO May 2011

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