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Q1 2014 EARNINGS CALL – Repsol S.A.

Repsol S.A. · May 8, 2014 · 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 2014 EARNINGS CALL – Repsol S.A. – slide 1
    WEBCAST CONFERENCE CALL First Quarter 2014 Results May 8th, 2014 Repsol Investor Relations www.repsol.com
  2. Q1 2014 EARNINGS CALL – Repsol S.A. – slide 2
    First Quarter 2014 Results 1. YPF Compensation Process 2. Main Events of 1Q 2014 3. Quarterly Results 4. Conclusions 3
  3. Q1 2014 EARNINGS CALL – Repsol S.A. – slide 3
    YPF Compensation Process 1 4
  4. Q1 2014 EARNINGS CALL – Repsol S.A. – slide 4
    Update on the YPF compensation process Repsol sold 11.86% of YPF shares for 1.26 billion dollars. Repsol is expecting to receive Argentinian bonds with a nominal value of 5,317 million dollars. Bonds Nominal Bonar X US 500…
  5. Q1 2014 EARNINGS CALL – Repsol S.A. – slide 5
    Main Events of 1Q 2014 2 6
  6. Q1 2014 EARNINGS CALL – Repsol S.A. – slide 6
    Main Events of 1Q 2014 Key Projects SK field Russia Spain Lubina y Mississippian USA Montanazo Lime Venezuela Carabobo Margarita Bolivia Peru Kinteroni Sapinho Brazil Start-up of Second and Kinteroni third* well in…
  7. Q1 2014 EARNINGS CALL – Repsol S.A. – slide 7
    Main Events of 1Q 2014 Exploration Encouraging results USA (Alaska) Russia 31 wells spudded during this year 8
  8. Q1 2014 EARNINGS CALL – Repsol S.A. – slide 8
    Main Events of 1Q 2014 Exploration On going USA (Alaska) Russia United States Kurdistan Libya Mauritania Brazil 9
  9. Q1 2014 EARNINGS CALL – Repsol S.A. – slide 9
    Main Events of 1Q 2014 Production Increased our production year-on-year in Brazil, the -5% Unites States, Russia, Bolivia and Peru 360 kboed 342 kboed Disruptions in Libya 1Q2013 1Q2014 Drilling work in Trinidad & Tobago…
  10. Q1 2014 EARNINGS CALL – Repsol S.A. – slide 10
    Main Events of 1Q 2014 Downstream Chemical businesses Refining Margin Indicator Break-even point 1Q 2013 3.9 1Q 2014 Commercial businesses 3.9 0 2 4 6 /bbl Market with stable volumes Utilization & Conversion rates Gas &…
  11. Q1 2014 EARNINGS CALL – Repsol S.A. – slide 11
    Quarterly Results 3 12
  12. Q1 2014 EARNINGS CALL – Repsol S.A. – slide 12
    New reporting criteria Operating and net operating income per business segment, reporting corporate taxes and results from associate companies and minority interests in every business segment. Gas & Power business included in the…
  13. Q1 2014 EARNINGS CALL – Repsol S.A. – slide 13
    Results Summary 1Q 2014 1Q 2013 1Q 2014 % Variation Adjusted Net Income 524 532 1.5 % Net Income 634 807 27% Million 14
  14. Q1 2014 EARNINGS CALL – Repsol S.A. – slide 14
    1Q 2014 Upstream Results Adjusted Net Income Disruptions in Libya -27% 349 M Increased production ex Libya Lower crude and gas 255 M prices Lower taxes 1Q2013 1Q2014 15
  15. Q1 2014 EARNINGS CALL – Repsol S.A. – slide 15
    1Q 2014 Upstream Results Adjusted Net Income 1Q 2013 1Q 2014 % Variation Adjusted Operating Income 349 255 -27% Million 16
  16. Q1 2014 EARNINGS CALL – Repsol S.A. – slide 16
    1Q 2014 Downstream Results Adjusted Net Income Refining: Resilient margins despite tough environment 28% 2.6 dollars per barrel of 290 premium margin M 227 M Chemicals: Higher volumes LPG: lower volumes with higher margins…
  17. Q1 2014 EARNINGS CALL – Repsol S.A. – slide 17
    1Q 2014 Downstream Results Adjusted Net Income 1Q 2013 1Q 2014 % Variation CCS Adjusted Operating Income 227 290 28 % Million 18
  18. Q1 2014 EARNINGS CALL – Repsol S.A. – slide 18
    1Q 2014 Gas Natural Fenosa Results Adjusted Net Income -2% 125 123 M M 1Q2013 1Q2014 19
  19. Q1 2014 EARNINGS CALL – Repsol S.A. – slide 19
    Quarterly Results Financial Situation (Figures Ex Gas Natural) Net financial Debt 5,358 -636 M M 4,722 bn 1Q2013 1Q2014 Liquidity covers 3.7 times short term debt 20
  20. Q1 2014 EARNINGS CALL – Repsol S.A. – slide 20
    Conclusions Agreement between Argentina and Repsol & Sale 11.86% of YPF P&L performance improved 21
  21. Q1 2014 EARNINGS CALL – Repsol S.A. – slide 21
    Q&A Session First Quarter 2014 Results
  22. Q1 2014 EARNINGS CALL – Repsol S.A. – slide 22
    WEBCAST CONFERENCE CALL First Quarter 2014 Results May 8th, 2014 Repsol Investor Relations www.repsol.com

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