Presentation to the Financial Community 1Q 2015 Consolidated Results San Donato Milanese, April 27, 2015
1Q 2015: performance on track Steady operational performance - 1Q15 EBIT 159mn, +25% yoy: Drilling good and stable results Legacy contracts progressing towards completion New projects positive to contribution Net debt of 5.2bn…
1Q15: Operating progress in line with expectations (mn ) Revenues EBIT Net Income 3,020 2,891 203 167 308 284 758 159 935 127 22 17 86 79 1,751 77 1,505 61 60 69 -29 -18 1Q 2014 1Q 2015 1Q 2014 1Q 2015 1Q 2014 1Q…
1Q15 Net Debt Evolution Net Debt (bn ) 5.61 0.38 5.19 0.44 0.07 4.42 (0.27) 0.15 Reminder: Net Debt Net Debt Net Debt Dec. 31, 2014 Mar. 31, 2015 Mar. 31, 2014 Cash Flow Capex Working Capital Others Forex on…
1Q15: FX impacts Impact in the quarter from USD appreciation on hedging derivatives rolling over due to mark-to-market cash settlement: 381mn In accordance with Companys hedging policy, exposures in currencies different from Euro are…
Backlog March 31, 2015 by year of execution (mn ) 7,937 7,440 354 390 928 681 6,149 428 1,483 2,326 1,012 2,392 4,886 4,329 2,317 2015 2016 2017+ E&C Offshore E&C Onshore Drilling Offshore Drilling Onshore…
Update on Drilling Offshore Drilling New contract awards/extensions post 1Q for: TAD with Eni for 2Y activities in Congo SC6 with Burullus rescheduling activities for Work Over up to end 2015 in Egypt Pressures for limited reduction…
Update on E&C business new opportunities in 2015 Central Asia / Europe: NCOC Kashagan early production pipelines Lukoil Filanovsky Phase 2 fixed facilities BP Shah Deniz Ph. 2 Operational Construction Vessel - SURF Lotos Delayed…
4. 2015 Guidance 11
2015 Guidance Revenues: 12 13bn EBIT: 500 700m Net Income: 200 300m Capex: 650m Net Debt: < 4.0bn (*) * Excluding potential impact of currency fluctuation 12
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