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Q2 2011 Earnings Call – Repsol S.A.

Repsol S.A. · Jul 28, 2011 · 26 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. Q2 2011 Earnings Call – Repsol S.A. – slide 1
    Second Quarter 2011 Results WEBCAST CONFERENCE CALL July 28th, 2011 Mr. Mr. Miguel Miguel Martnez Martnez CFO CFO July 2011 0
  2. Q2 2011 Earnings Call – Repsol S.A. – slide 2
    Agenda Q2 2011 Results Exploratory Program for 2H 2011 Status of key growth projects Portfolio developments in Q2 Financial Overview 2
  3. Q2 2011 Earnings Call – Repsol S.A. – slide 3
    Agenda Q2 2011 Results Exploratory Program for 2H 2011 Status of key growth projects Portfolio developments in Q2 Financial Overview 3
  4. Q2 2011 Earnings Call – Repsol S.A. – slide 4
    Q2 2011 Results Overview CCS Adjusted Net Income CCS Adjusted Operating Income Million Million 600 1200 400 800 1262 523 485 963 200 400 0 0 2Q10 2Q11 2Q10 2Q11 Lack of production in Libya Strikes in Argentina 4
  5. Q2 2011 Earnings Call – Repsol S.A. – slide 5
    Q2 2011 Results Production Production kboed 300 Main Factors: 200 340 Unrest in Libya 296 100 Moratorium in GoM 0 2Q10 2Q11 5
  6. Q2 2011 Earnings Call – Repsol S.A. – slide 6
    Q2 2011 Results Upstream Adjusted Operating Income Million 600 172 500 400 (177) 300 (52) (20) 200 370 293 100 0 2Q10 Price effect net of Volume net of Exchange rate Others 2Q11 taxes depreciation 6
  7. Q2 2011 Earnings Call – Repsol S.A. – slide 7
    Q2 2011 Results YPF Adjusted Operating Income 600 Million 135 500 400 129 300 (172) 441 (63) 200 (214) 256 100 0 2Q10 Strike effect Price increases Export prices & Costs Others 2Q11 in domestic international markets…
  8. Q2 2011 Earnings Call – Repsol S.A. – slide 8
    Q2 2011 Results LNG Adjusted Operating Income Million 60 50 40 30 53 20 10 13 0 2Q10 2Q11 8
  9. Q2 2011 Earnings Call – Repsol S.A. – slide 9
    Q2 2011 Results Downstream CCS Adjusted Operating Income Million 400 38 300 (106) (11) 200 (65) 369 224 100 0 2Q10 Refining LPG Chemical Exchange rate 2Q11 Activity & others 9
  10. Q2 2011 Earnings Call – Repsol S.A. – slide 10
    Q2 2011 Results Gas Natural Fenosa Adjusted Operating Income Million 200 150 100 181 188 50 0 2Q10 2Q11 10
  11. Q2 2011 Earnings Call – Repsol S.A. – slide 11
    Agenda Q2 2011 Results Exploratory Program for 2H 2011 Status of key growth projects Portfolio developments in Q2 Financial Overview 11
  12. Q2 2011 Earnings Call – Repsol S.A. – slide 12
    Exploratory program Upstream POSITIVE RESULTS CURRENT ACTIVITY Exploratory wells: Exploratory wells: Brazil (Gavea) 2 in Brazil (Itaborai and Tingua) Appraisal wells: 1 in Bolivia (Sararenda) Peru (Kinteroni 3) 2 in Colombia…
  13. Q2 2011 Earnings Call – Repsol S.A. – slide 13
    Exploratory program Upstream 2H 2011 Activity BRAZIL ALBACORA LESTE PRESALT (ALBACORA LESTE) ABARE (BM-S-9) PAO DE AZUCAR (BM-C-33) CARIOCA SELA (BM-S-9) (*) SAGITARIO (BM-S-50) (*) CUBA JAGEY (*) GUYANA JAGUAR (*) LIBERIA…
  14. Q2 2011 Earnings Call – Repsol S.A. – slide 14
    YPF Exploratory program Progress on non-conventional resources Vaca Muerta is a 30,000 km2 formation with rock thickness between 50 to 400 mts YPFs net acreage increased to 14,000 km2 from 12,000 km2 During 2010: 330 km2 chosen…
  15. Q2 2011 Earnings Call – Repsol S.A. – slide 15
    YPF Exploratory program 2011 Program 13 exploratory wells would be drilled in order to asses the potential of Vaca Muerta in other parts of the Neuquina Basin During Q2 2011 a new shale oil discovery in the Vaca Muerta formation…
  16. Q2 2011 Earnings Call – Repsol S.A. – slide 16
    Analogy with USA is the strength of the play Vaca Muerta Barnett Haynesville Marcellus Eagle Ford Bakken 3-5 Mstb/km Eagle Ford Vaca Muerta Bakken 200m (Oil Leg) LLL Thickness 30 70 200 m STOOIP 200,000 114,000 18,500 MBbls…
  17. Q2 2011 Earnings Call – Repsol S.A. – slide 17
    Agenda Q2 2011 Results Exploratory Program for 2H 2011 Status of key growth projects Portfolio developments in Q2 Financial Overview 17
  18. Q2 2011 Earnings Call – Repsol S.A. – slide 18
    Status of key growth projects (I) CARTAGENA BILBAO Project completion: 95% Project completion: 95% Startup date: August / September Startup date: October 18
  19. Q2 2011 Earnings Call – Repsol S.A. – slide 19
    Status of key growth projects (II) KINTERONI GUARA Successful appraisal campaign Field development progressing well Construction of production and First Oil expected in Q1 2013 gas evacuation facilities underway Construction of…
  20. Q2 2011 Earnings Call – Repsol S.A. – slide 20
    Agenda Q2 2011 Results Exploratory Program for 2H 2011 Status of key growth projects Portfolio developments in Q2 Financial Overview 20
  21. Q2 2011 Earnings Call – Repsol S.A. – slide 21
    Portfolio developments Last stage of the partial sale of Repsols stake in YPF % of YPF shares 3.3 3.8 7.7 10.0 0.8 83 57.4 REPSOLs stake December sales March sales IPO PETERSEN Call Institutional Current stake as of…
  22. Q2 2011 Earnings Call – Repsol S.A. – slide 22
    Portfolio developments Joint venture with Alliance Oil ALASKA RUSSIA Agreement with 70 & 148 LLC (affiliate of Creation of a Joint Venture in the Russian Armstrong Oil & Gas Inc) and GMT Federation, the largest gas and oil producer…
  23. Q2 2011 Earnings Call – Repsol S.A. – slide 23
    Agenda Q2 2011 Results Exploratory Program for 2H 2011 Status of key growth projects Portfolio developments in Q2 Financial Overview 23
  24. Q2 2011 Earnings Call – Repsol S.A. – slide 24
    Financial Overview Liquidity Position Billion 10,0 8,0 6,0 9,7 4,0 7,3 5,0 2,0 2,0 0,0 2Q10 2Q11 Net Debt Liquidity Data Ex Gas Natural Net Debt (ex Preferred shares) = Gross Debt Financial Investments Cash &…
  25. Q2 2011 Earnings Call – Repsol S.A. – slide 25
    Conclusions Challenging 2Q11 P&L, affected by Libyan crisis and Argentinean strikes Year 2011: transition to the next stage of growth Comitted in the medium / long term value growth Delivery of production and profit…
  26. Q2 2011 Earnings Call – Repsol S.A. – slide 26
    Second Quarter 2011 Results WEBCAST CONFERENCE CALL July 28th, 2011 Mr. Mr. Miguel Miguel Martnez Martnez CFO CFO July 2011 26

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