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Q2 2012 Earnings Call – Eni Us Operating Co

Eni Us Operating Co · Aug 1, 2012 · 24 slides

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Slides

  1. Q2 2012 Earnings Call – Eni Us Operating Co – slide 1
    interim update and Q2 results August 1st, 2012 eni.com
  2. Q2 2012 Earnings Call – Eni Us Operating Co – slide 2
    H1 2012: delivering on strategic refocusing... Snam disposal Agreed disposal of 30% of Snam to CdP for 3.5bn Succesful placement of further 5% at favourable conditions Galp disposal Completed sale of 5% of Galp at 14.25/sh…
  3. Q2 2012 Earnings Call – Eni Us Operating Co – slide 3
    and continuing extraordinary exploration success USA Egypt Norway Ukraine Russia Heidelberg 3 Emry Deep Havis Unconventional Acreage in Barents 1X Skrugard -2 blocks (Lviv Basin) and Black Sea Vietnam 3 new blocks…
  4. Q2 2012 Earnings Call – Eni Us Operating Co – slide 4
    H1 2012: good performance in a worsening economic situation E&P Production growth driven by swift Resilient oil price and strong dollar recovery in Libyan volumes G&P Reflecting market weakness in supply renegotiations Demand…
  5. Q2 2012 Earnings Call – Eni Us Operating Co – slide 5
    market environment Average European Brent / exchange rate refining margin* /bl /bl /bl /bl 135 135 7 7 1,5 120 120 6 6 1,45 5 5 105 105 1,4 4 4 90 90 1,35 3 3 75 75 1,3 2 2 60 60 1,25 1 1 45 45 0 0 1,2 Q211 Q311…
  6. Q2 2012 Earnings Call – Eni Us Operating Co – slide 6
    Q2 consolidated results Adj. operating profit Adj. net profit* Million Million 4,243 3,717 1,377 1,381 Q2 11 E&P G&P R&M Other Q2 12 Q2 11 Op. Profit Inv/Fin Taxes Minor Q2 12 adj Charges * From continuing operations.…
  7. Q2 2012 Earnings Call – Eni Us Operating Co – slide 7
    E&P performance Oil & gas production Adj. operating profit kboe/d Million 5,091 1,678 1,674 1,647 1,489 4,214 4,234 1,473 3,908 3,822 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12 Gas Oil 7
  8. Q2 2012 Earnings Call – Eni Us Operating Co – slide 8
    G&P performance Gas sales Adj. operating profit Bcm Million 922 29.9 24.7 20.3 19.6 17.3 -201 -69 -314 -369 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12 International* Italy * Including…
  9. Q2 2012 Earnings Call – Eni Us Operating Co – slide 9
    G&P: ebitda proforma adjusted* Million 1,221 592 475 532 307 -88 236 162 -100 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12 International Marketing Transport * Ebitda pro forma includes pro-quota…
  10. Q2 2012 Earnings Call – Eni Us Operating Co – slide 10
    R&M performance Process utilization index Adj. operating profit % Million 2 83 75 73 72 64 -124 -144 -226 -268 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12 10
  11. Q2 2012 Earnings Call – Eni Us Operating Co – slide 11
    other businesses: adjusted operating profit Million Q2 Q2 % 2011 2012 Chemicals (32) (26) 18.8 Engineering & Construction 378 388 2.6 Other activities (60) (57) 5.0 Corporate (69) (100) -44.9 11
  12. Q2 2012 Earnings Call – Eni Us Operating Co – slide 12
    net debt evolution Billion 3.3 0.4 1.5 27.4 4.2 26.9 2.3 Mar-12 Operating Dividends Capex Other Others Jun-12 cashflow Investments 12
  13. Q2 2012 Earnings Call – Eni Us Operating Co – slide 13
    2012 Outlook Production up ca. 10% net of PSA, Elgin Franklin and E&P Nigeria bunkering impact Ebit higher than in 2011 despite significant market G&P headwinds Weak demand for refined products to offset continuous R&M…
  14. Q2 2012 Earnings Call – Eni Us Operating Co – slide 14
    appendix August 1st, 2012 eni.com
  15. Q2 2012 Earnings Call – Eni Us Operating Co – slide 15
    results of operations million Q2 11 Q2 12 1H 11 1H 12 % 24.118 30.063 Net sales from operations 52.526 63.203 3.604 2.780 Operating Profit 9.187 9.317 1.4 (240) 326 Inventory holding (gains) losses (909) (86) 3.364 3.106…
  16. Q2 2012 Earnings Call – Eni Us Operating Co – slide 16
    G&P: adjusted operating profit by activities million -17.5% -314 -369 International Transport Marketing 3
  17. Q2 2012 Earnings Call – Eni Us Operating Co – slide 17
    unrealized profit in stocks (UPIS) million Q2 11 Q2 12 E&P vs R&M (150) 107 E&P vs G&P (14) (5) E&C vs Eni Group (14) (9) Total UPIS (178) 93 4
  18. Q2 2012 Earnings Call – Eni Us Operating Co – slide 18
    eni share of profit from associates Q2 2011 2012 Equity method accounted for 130 167 Gas transportation abroad 28 5 EnBw (GVS) (2) 2 Union Fenosa 36 45 Blue Stream 10 10 Others 58 105 Dividends 268 130 Disposals - -…
  19. Q2 2012 Earnings Call – Eni Us Operating Co – slide 19
    G&P share of profit from associates million -6.0% 83 78 Marketing International Transport 6
  20. Q2 2012 Earnings Call – Eni Us Operating Co – slide 20
    main operating data Q2 11 Q2 12 H1 11 H1 12 % 1,489 1,647 Hydrocarbon prod. (kboe/d) 1,586 1,661 4.7 129.1 143.9 Production sold* (mmboe) 274.8 292.3 6.4 7.1 6.5 Natural gas sales in Italy**(bcm) 19.1 18.7 (2.2) 11.6 11.1…
  21. Q2 2012 Earnings Call – Eni Us Operating Co – slide 21
    production growth by geographical area kboe/d 10.6% 1,647 1,489 8
  22. Q2 2012 Earnings Call – Eni Us Operating Co – slide 22
    oil & gas production kboe/d 10.6% 1,647 1,647 1,489 1,489 856 1,317 1,461 9
  23. Q2 2012 Earnings Call – Eni Us Operating Co – slide 23
    capex million -9.8% 137 3,343 3,015 128 184 166 49 53 2,767 2,437 10
  24. Q2 2012 Earnings Call – Eni Us Operating Co – slide 24
    eni consolidated results -87% 0.3% 0.33 EPS 0.380 0.381 Euro per share* 0.04 Q2 11 Q2 12 Q2 11 Q2 12 Adjusted Adjusted 14% 19% 0.89 1.02 1.04 CFPS 0.87 Euro per share* Q2 11 Q2 12 Q2 11 Q2 12 Adjusted Adjusted *…

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