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Q4 2013 RESULTS – Eni S.P.A

Eni S.P.A · Feb 15, 2013 · 22 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. Q4 2013 RESULTS – Eni S.P.A – slide 1
    2012 fourth quarter and preliminary full year results February 15th, 2013 eni.com
  2. Q4 2013 RESULTS – Eni S.P.A – slide 2
    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…
  3. Q4 2013 RESULTS – Eni S.P.A – slide 3
    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…
  4. Q4 2013 RESULTS – Eni S.P.A – slide 4
    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…
  5. Q4 2013 RESULTS – Eni S.P.A – slide 5
    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…
  6. Q4 2013 RESULTS – Eni S.P.A – slide 6
    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…
  7. Q4 2013 RESULTS – Eni S.P.A – slide 7
    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…
  8. Q4 2013 RESULTS – Eni S.P.A – slide 8
    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
  9. Q4 2013 RESULTS – Eni S.P.A – slide 9
    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…
  10. Q4 2013 RESULTS – Eni S.P.A – slide 10
    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
  11. Q4 2013 RESULTS – Eni S.P.A – slide 11
    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…
  12. Q4 2013 RESULTS – Eni S.P.A – slide 12
    Appendix 15 February 2013 eni.com
  13. Q4 2013 RESULTS – Eni S.P.A – slide 13
    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…
  14. Q4 2013 RESULTS – Eni S.P.A – slide 14
    G&P: adjusted operating profit by activities million n.s. (72) 41 International Transport 75 75 -147 -34 Marketing Q4 11 Q4 12 3
  15. Q4 2013 RESULTS – Eni S.P.A – slide 15
    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
  16. Q4 2013 RESULTS – Eni S.P.A – slide 16
    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…
  17. Q4 2013 RESULTS – Eni S.P.A – slide 17
    G&P share of profit from associates million -70% 93 12 81 23 30 -7 Q4 11 Q4 12 Marketing International Transport 6
  18. Q4 2013 RESULTS – Eni S.P.A – slide 18
    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…
  19. Q4 2013 RESULTS – Eni S.P.A – slide 19
    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
  20. Q4 2013 RESULTS – Eni S.P.A – slide 20
    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
  21. Q4 2013 RESULTS – Eni S.P.A – slide 21
    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
  22. Q4 2013 RESULTS – Eni S.P.A – slide 22
    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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