Welcome Delivering growth through exploration and production 1 Capital Markets Day - March 14th 2011
Strategy overview Manuel Ferreira De Oliveira Chief Executive Officer 2 Capital Markets Day - March 14th 2011
Execution of a clear strategy Solid downstream business New era in upstream Ensuring sustainable growth Final remarks 3 Capital Markets Day - March 14th 2011
Outstanding shareholder value creation with an annual return of 25% Share price performance1 +162% Out-06 Fev-07 Jun-07 Out-07 Fev-08 Jun-08 Out-08 Fev-09 Jun-09 Out-09 Fev-10 Jun-10 Out-10 Fev-11 Galp Energia Eni Repsol…
Towards a fully integrated energy player Strengthening our integrated energy player position Assets Funding in place secured Upstream growth supported by a solid Iberian downstream business 5 Capital Markets Day - March…
A long way and a clear strategy executed in the last four years Building a high value E&P portfolio Upgrade in refineries Strengthened Iberian marketing Operating in a natural gas liberalized market Increasing gas & power…
Our strategy has been well understood by the market Enterprise value1 ( Bln) 2006 2010 G&P E&P 15% 6% G&P 30% R&M R&M 25% E&P 64% 60% 7 Bln +135% 16 Bln From a refiner towards an integrated energy player 1 Based on…
Execution of a clear strategy Solid downstream business New era in upstream Ensuring sustainable growth Final remarks 8 Capital Markets Day - March 14th 2011
Solid downstream business Refining & Marketing Gas & Power Total refining capacity 3rd player in Iberia Sourcing agreement of 160 MW of total of 330 kbpd1 1,436 service stations 6 bcm of natural gas capacity installed Nelson…
Upgrade project as the master piece in our new refining business Upgrade project works An ambitious project with an investment of 1.4 Bln A total of 5,700 workers working on the project in peak cycle Steady production of the full…
Two refineries, one end: add value through increasing market fit Integrated refining scheme An efficient system capable of Vaccum Visbreaker meeting market needs, replacing fuel Sulphur Recovery Unit oil production by diesel HDS…
Upgrade project to boost Galp Energia refining margin 1 Improving our refining margin through: 3.5 /bbl New yield Crude diet Refinery utilization Energy Efficiency 1 Diesel-fuel spread assumption of c. 300/ton 12…
Iberian oil marketing acquisitions to leverage on a larger market Service stations Direct clients (Mton) Iberian acquisitions allowed to capture synergies 1,436 10.4 8.7 Geographical diversification with 1,005 balanced country…
Madrilea Gas acquisition as the first step in NG growth in Spain Galp Energia supply coverage in Madrid region Taking advantage from NG sourcing base, thus creating value in NG product chain Platform in Spain to fuel natural gas…
New cogenerations well integrated with the NG business Galp Energias new cogenerations Annual consumption of 0.5 bcm of natural gas or c.10% of Portuguese NG market Priority access to the power grid at a regulated tariff…
Fit downstream assets to support upstream growth Business segment Project Status Refining Upgrade project Marketing Iberian acquisitions integration Gas Strengthen presence in Spain Power Cogeneration projects 16 Capital…
Execution of a clear strategy Solid downstream business New era in upstream Ensuring sustainable growth Final remarks 17 Capital Markets Day - March 14th 2011
High potential upstream portfolio 18 Capital Markets Day - March 14th 2011
Unique upstream projects already in place to sustain production growth Pre-salt Santos basin FPSO Cidade de Angra dos Reis Involvement in breakthrough exploration and development projects 20 Capital Markets Day - March 14th…
300 kboepd is the ambition for early 2020s Production target1 (kboepd) 300 200 150 19.5 2010 production 2020 target 2020 target Ambition March 2008 March 2011 for early 2020s 21 Capital Markets Day - March 14th 2011 1…
Execution of a clear strategy Solid downstream business New era in upstream Ensuring sustainable growth Final remarks 22 Capital Markets Day - March 14th 2011
Ensuring continuous value creation in the long run Highly skilled human resources Strong health, safety and environmental programme Ensuring local communities engagement Breaking new technological frontiers 23 Capital…
Highly qualified human capital is a key competitive advantage Galp Energia training session Attracting and retaining highly skilled professionals is key to our success Culture of permanent search and development of human capital…
Committed to achieving a sustainable culture of prevention Frequency Index1 Implementation of an HSE (Health, Safety and Environmental) 3.4 3.4 management system, strengthening the culture of prevention Safety goal of zero…
Responsible role in local communities development Social responsibility action in Mozambique Actively promoting campaigns against hunger and poverty Participating in key responsibility projects such as the implementation of a…
Galp Energia on the front of state of the art projects throughout the value chain Exploring new Breaking through Starting a new era in Embracing the geological frontiers in development refining business new paradigm pre-salt…
Execution of a clear strategy Solid downstream business New era in upstream Ensuring sustainable growth Final remarks 28 Capital Markets Day - March 14th 2011
Excellence and ambition enhancing our sustainable future growth Focused international player Iberian player upstream market-leading growth profile in downstream The only relevant Iberian Portuguese footprint R&M breaking…
Acronyms Number HR Human Resources United States dollar IOC International Oil Company % Percentage IPO Initial Public Offering 2D Two dimensional seismic Kboepd Thousand barrels of oil equivalent per day 3D Three dimensional…
Delivering growth through exploration and production 32 Capital Markets Day - March 14th 2011
Loading...
