Q4 and Full Year 2014 results February 18th 2015 www.eni.com
2014 accelerating enis transformation fully integrated organisation main achievements upstream mid-downstream green developments value and resilience accelerated turnaround new opportunities in South successful gas supply new…
Fast track development: minimize capex and time to market Angola - 15/06 Congo - Nen Marine Deep water development Shallow water near existing infrastructure West Hub ph 1 start up in November 2014 Start up in December 2014 East…
strong cash generation cumulated CFFO 2014 cash sources and uses 2014 beat cash flow target in a weaker scenario 4
managing a weaker price environment in 2015 selective exploration unitary costs /boe re-phasing of development projects renegotiation of rates and costs of services operating costs optimization general costs…
Q4 and full year consolidated results adj. operating profit mln adj. net profit mln FY 2014 11,572 FY 2014 3,707 -9% vs 2013 -16% vs 2013 3,507 1,288 Fair Value effect on Galp and Snam shares 2,321 375 464 6
e&p performance oil & gas production kboe/d adj. operating profit million FY 2014 1,598 FY 2014 11,551 +0 6% vs 2013 ex Russia +0.6% R i -21% 21% vs 2013 1,577 1,583 1,584 1,576 1,648 1,648 1 577 1,577 1 583 1,583 1,584 1…
2014 Reserves Replacement Ratio: 112% proved reserves Bboe 6,6 6,5 Life Index Life Index 11.1 years 11.3 years YE13 YE14 average g organic g RRR of 127% over the last 5 years 8
g&p performance TTF /MWh adj. operating profit million FY 2014 310 n/a vs 2013 341 241 108 70 -109 9
r&m performance Standard Eni Refining Margin /bbl adj. operating profit million (SERM) FY 2014 -211 +54% vs 2013 192 39 -92 -223 -219 10
net debt evolution billion 15.0 15.1 05 0.5 13 7 13.7 4.4 12.6 3.7 highest CFFO in the last 6 years Leverage = Net debt / Shareholders Equity 11
2014 achievements new organization upstream production guidance met RRR 100% g&p back to profitability r&m 50% improvement CFFO +40% capex reduced by 5% leverage g reduced to 22% 2014 final dividend proposal of…