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Q1 2015 RESULTS – Repsol S.A.

Repsol S.A. · May 7, 2015 · 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. Q1 2015 RESULTS – Repsol S.A. – slide 1
    WEBCAST CONFERENCE CALL First Quarter 2015 Results May 7th, 2015 Repsol Investor Relations www.repsol.com
  2. Q1 2015 RESULTS – Repsol S.A. – slide 2
    First Quarter 2015 Results 1. Acquisition of Talisman Energy 2. Market environment and Operational activity 3. Quarterly results 4. Conclusions 3
  3. Q1 2015 RESULTS – Repsol S.A. – slide 3
    Update on the acquisition of Talisman Energy 1 4
  4. Q1 2015 RESULTS – Repsol S.A. – slide 4
    Acquisition of Talisman Smooth integration May 8th: Closing of the transaction Net debt to capital employed ratio of 27% Strong liquidity at more than 8 billion dollars, representing 2.7 times the short term debt Information…
  5. Q1 2015 RESULTS – Repsol S.A. – slide 5
    Market environment and Operational activity 2 6
  6. Q1 2015 RESULTS – Repsol S.A. – slide 6
    Integrated model provides resilience INTEGRATED MODEL UPSTREAM DOWNSTREAM 60% of the Negative Gas Natural production correlation results and is gas USD vs. Brent dividends Stability of our results 7
  7. Q1 2015 RESULTS – Repsol S.A. – slide 7
    Operational activity Exploration Alaska Russia USA Algeria Bolivia 6 wells have been concluded in 1Q15, 2 of them were positive: 1 exploration well (Russia) and 1 appraisal well (Bolivia). In April, 4 additional…
  8. Q1 2015 RESULTS – Repsol S.A. – slide 8
    Operational activity Development projects Cardon IV Venezuela Sapinhoa Brazil The first well was connected to our 2nd FPSO in place in First gas is planned to take place in mid-2015 November 2014 First phase of the…
  9. Q1 2015 RESULTS – Repsol S.A. – slide 9
    Operational activity Production 371 kboed USA 4Q14 355 kboed Brazil 342 Peru 1Q15 kboed 1Q14 Compared to 1Q14, 10% increase in production if Libya is stripped out from both years 10
  10. Q1 2015 RESULTS – Repsol S.A. – slide 10
    Operational activity Downstream REFINING MARGIN EVOLUTION Strength of the spreads High complexity and flexibility of our refining system Self-consumption efficiency program (CO2 emissions reduction program) 11
  11. Q1 2015 RESULTS – Repsol S.A. – slide 11
    Operational activity Downstream Refining Margin Indicator Petrochemicals businesses 1Q 2015 8.7 Operational improvements 1Q 2014 3.9 Higher sales and margins 0 2 4 6 8 /bbl Utilization rates Commercial businesses 1Q 2015…
  12. Q1 2015 RESULTS – Repsol S.A. – slide 12
    Quarterly results 3 13
  13. Q1 2015 RESULTS – Repsol S.A. – slide 13
    Quarterly results 1Q 2015 1Q 2014 1Q 2015 % Variation CCS Adjusted Net Income 532 928 +74% Million Higher results in the Downstream business Gains coming from exchange rate positions 14
  14. Q1 2015 RESULTS – Repsol S.A. – slide 14
    Upstream Results Adjusted Net Income 1Q 2014 1Q 2015 Adjusted Net Income 255 -190 Million Tax effects in Brazil because of depreciation of the real against the dollar Adjustments in Venezuela carried from 2014 15
  15. Q1 2015 RESULTS – Repsol S.A. – slide 15
    Upstream Results Adjusted Net Income Million 400 300 200 255 100 (349) 0 76 [75] -137 -100 [22] 42 [65] [190] (51) -200 -300 1Q14 Price effect Volume Exploration Depreciation Taxes Equity Affiliates Net Income 1Q15 net…
  16. Q1 2015 RESULTS – Repsol S.A. – slide 16
    Downstream Results CCS Adjusted Net Income Refining 534M Commercial businesses Higher margins Higher results in LPG Higher utilization rate division 290M Petrochemicals Gas & Power Wider margins and Lower results due to:…
  17. Q1 2015 RESULTS – Repsol S.A. – slide 17
    Downstream Results Adjusted Net Income Million 800 290 534 750 700 97 650 [210] 74 600 58 [70] 550 500 450 295 400 350 300 250 534 200 150 290 100 50 0 1Q14 Refining Commercial Petrochemicals Gas&Power Trading results, Taxes…
  18. Q1 2015 RESULTS – Repsol S.A. – slide 18
    Gas Natural Fenosa Results Adjusted Net Income 123M 122M Contribution from Chilean affiliate offset by higher financial expenses 1Q14 1Q15 19
  19. Q1 2015 RESULTS – Repsol S.A. – slide 19
    Financial Results April Since the Net-long cash position in 2014 monetization of dollars Argentinian assets Payment of the transaction Dec. Dollar position Dollar appreciation forecast in our 2014 increased analysis: divergent…
  20. Q1 2015 RESULTS – Repsol S.A. – slide 20
    Conclusions 4 21
  21. Q1 2015 RESULTS – Repsol S.A. – slide 21
    Q&A Session First Quarter 2015 Results
  22. Q1 2015 RESULTS – Repsol S.A. – slide 22
    WEBCAST CONFERENCE CALL First Quarter 2015 Results May 7th, 2015 Repsol Investor Relations www.repsol.com

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