Q4 2012 and Preliminary Full Year Results – Eni Us Operating Co

Eni Us Operating Co · Feb 15, 2013 · 22 slides

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2012 fourth quarter and preliminary full year results February 15th, 2013 eni.com
The new eni: focused on key strengths Transformed balance sheet... 6.6bn disposals 12.6bn net debt reduction 0.25 YE net debt/equity ... and long-term growth prospects Libya back on track: ca. 255kboe/d of production in 2012…
while tackling structural challenges G&P Supply: renegotiating 80% of our supply portfolio Sales: increased presence on profitable segment such as retail, LNG New organisation to optimise supply and manage market risk R&M Cost…
market environment Average European Brent / exchange rate refining margin* /bl /bl /bl /bl 8 8 1,4 125 125 7 7 6 6 1,35 115 115 5 5 105 105 4 4 1,3 3 3 95 95 2 2 1,25 85 85 1 1 75 75 0 0 1,2 Q411 Q112 Q212…
Q4 consolidated results Adj. operating profit Adj. net profit Million Million 4,957 1,575 1,518 4,236 Q4 11 E&P G&P R&M Other Q4 12 Q4 11 Op. Profit adj Inv/Fin Taxes Minor Q4 12 Charges Q411 Snam contribution: 415…
E&P performance Oil & gas production* Adj. operating profit kboe/d Million 1,718 1,747 1,678 1,683 1,656 5,091 4,862 4,213 4,234 4,331 Q4 11 Q1 12 Q2 12 Q3 12 Q4 12 Q4 11 Q1 12 Q2 12 Q3 12 Q4 12 Gas Oil * 2012…
G&P performance Gas sales Adj. operating profit Bcm Million 29.9 1,019 24.7 24.4 19.6 18.8 41 -72 -402 -304 Q4 11 Q1 12 Q2 12 Q3 12 Q4 12 Q4 11 Q1 12 Q2 12 Q3 12 Q4 12 International* Italy * Including…
R&M performance Process utilization index Adj. operating profit % Million 51 75 69 70 68 -9 64 -144 -226 -268 Q4 11 Q1 12 Q2 12 Q3 12 Q4 12 Q4 11 Q1 12 Q2 12 Q3 12 Q4 12 8
other businesses: adjusted operating profit Million Q4 Q4 % 2011 2012 Chemicals (151) (117) 22.5 Engineering & Construction 390 317 -18.7 Other activities * (69) (80) -15.9 Corporate (19) (83) n.s. * Q4 2011 ex…
net debt evolution Billion 4.4 6.6 28.0 12.4 12.8 0.6 12.4 1.0 15.4 Dec-11 Op cash Capex Invest. Dividends Disposals Snam Debt Others Dec-12 10
2013 Outlook Production up 3% at 90/bbl E&P Progress on key start-ups 1bn boe of new resources targeted through exploration Accelerated renegotiations to contain the impact of G&P deteriorating market context Cost…
Appendix 15 February 2013 eni.com
results of operations million Q4 11 Q4 12 FY 11 FY 12 % 29,648 32,574 Net sales from operations 107,690 127,271 3,375 1,637 Operating Profit 16,803 15,026 (10.6) (136) 560 Inventory holding (gains) losses (1,113) (17) 3,239…
G&P: adjusted operating profit by activities million n.s. (72) 41 International Transport 75 75 -147 -34 Marketing Q4 11 Q4 12 3
unrealized profit in stocks (UPIS) million Q4 11 Q4 12 E&P vs R&M (204) (11) E&P vs G&P 24 32 E&C vs Eni Group (23) 5 Total UPIS (203) 26 4
eni share of profit from associates Q4 2011 2012 Equity method accounted for 135 11 Gas transportation abroad 12 (7) EnBw (GVS) 4 8 Union Fenosa 38 20 Blue Stream 9 2 Others 72 (12) Dividends 191 1 Disposals 0 0 Others…
G&P share of profit from associates million -70% 93 12 81 23 30 -7 Q4 11 Q4 12 Marketing International Transport 6
main operating data Q4 11 Q4 12 FY 11 FY 12 % 1,678 1,747 Hydrocarbon prod. (kboe/d) 1,581 1,701 n.m. 143.7 154.4 Production sold* (mmboe) 548.5 598.7 9.2 9.3 10.1 Natural gas sales in Italy**(bcm) 34.7 34.8 0.3 15.4 14.2…
production growth by geographical area kboe/d 1,678 1,747 353 376 166 128 99 105 324 381 610 497 191 195 Q4 11 Q4 12 Italy North Africa Sub-Saharan Africa Kazakhstan America RoW 8
oil & gas production kboe/d 1,747 1,747 1,678 1,678 195 191 912 896 1,552 1,487 782 835 Q4 11 Q4 12 Q4 11 Q4 12 Abroad Italy Gas Liquids 9
capex million 15% 3,890 236 55 3,383 360 285 97 359 74 3,142 2,690 -25 Q4 11 Q4 12 E&P G&P R&M E&C Other 10
eni consolidated results n.s. -3.6% 0.36 0.43 0.42 EPS Euro per share* - 0.54 Q4 11 Q4 12 Q4 11 Q4 12 Adjusted Adjusted -22.1% 4.1% 1.18 1.05 1.09 CFPS 0.92 Euro per share* Q4 11 Q4 11 Q4 12 Q4 12 Adjusted…

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