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Q3 2010 EARNINGS CALL – Petrobras

Petrobras · Nov 16, 2010 · 20 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. Q3 2010 EARNINGS CALL – Petrobras – slide 1
    Results Announcement 3nd Quarter 2010 (IFRS) Conference Call / Webcast Almir Guilherme Barbassa CFO and Investor Relations Officer November 16th, 2010 1
  2. Q3 2010 EARNINGS CALL – Petrobras – slide 2
    HIGHLIGHTS o Net income (R 24,588 million) increased 10% in 9M10 vs. 9M09. In the 3Q10, net income reached R 8,566 million; o Total investments of R 56,500 million YTD 2010, 11% higher than 9M09; o Public offering resulted in a…
  3. Q3 2010 EARNINGS CALL – Petrobras – slide 3
    OPERATING HIGHLIGHTS FPSO Cidade de Angra dos Reis o Start-up of the first commercial FPSO in Tupi: o Estimated 2011 average production: 50 thous. bpd o Peak production forecasted for 2012 o New exploratory frontier in ultra…
  4. Q3 2010 EARNINGS CALL – Petrobras – slide 4
    OIL AND NATURAL GAS PRODUCTION 9M10 VS 9M09: Increase in domestic and international markets Total Production (Thous. bpd) National Production 2,513 2,568 234 246 International 2,279 2,322 National 316 327 Natural Gas Oil and LNG…
  5. Q3 2010 EARNINGS CALL – Petrobras – slide 5
    NEW PRODUCTION UNITS: Continued increase in capacity Main units Projects Capacity 2Q10 3Q10 FPSO Cidade de Vitria 100 th. bpd 60.9 th. bpd 51 th. bpd (Golfinho) FPSO Capixaba 58 th. bpd 100 th. bpd 9.7 th. bpd Cachalote e Baleia…
  6. Q3 2010 EARNINGS CALL – Petrobras – slide 6
    PRE-SALT UPDATE Wells**: Santos Basin Petrobras o Acquisition of the rights to produce ANP 5 billion boe in specific areas of the ** Drilling or completion or test. pre-salt that are not under concession; Libra o Start up of…
  7. Q3 2010 EARNINGS CALL – Petrobras – slide 7
    DOWNSTREAM UPDATES Revap Reduction of future needs for Imports Investments of US 2.5 billion: Coke Unit (55%): higher added value products Capacity: 5,000 m/day (3,000 m/d additional domestic crude oil processing) Yield: Diesel…
  8. Q3 2010 EARNINGS CALL – Petrobras – slide 8
    INVESTING IN TECHNOLOGY LEADERSHIP Expansion of CENPES makes it one of the largest research center in the world Petrobrass partnerships with 120 universities and research centers has created one of the greatest concentrations of…
  9. Q3 2010 EARNINGS CALL – Petrobras – slide 9
    AVERAGE REALIZATION PRICE: Stable price in the domestic market US/bbl 115 R/bbl 120 101 100 220 Avg. Avg. Avg. 3Q09 2Q10 3Q10 170 80 75 76 78 77 152.34 158.60 158.17 59 68 60 55 120 44 64 70 73 74 49 132.87 152.64 144.47…
  10. Q3 2010 EARNINGS CALL – Petrobras – slide 10
    DOMESTIC LIFTING COST: Increase explained by collective bargain and stoppages for maintenance R/barrel US/barrel 76.2 78.3 76.9 74.6 140.2 137.2 134.5 68.3 129.7 127.7 24,74 24,50 24,67 43.04 43.82 43.91 42.72 23,73 41.62…
  11. Q3 2010 EARNINGS CALL – Petrobras – slide 11
    DOMESTIC OIL PRODUCTS : Significant sales growth in the domestic market Refinery Output Domestic Sales Thous. bpd -1% +11% 1,867 2,033 1,807 1,844 Others 1,825 1,898 640 LPG 565 637 634 507 501 134 Gasoline 134 128 222 221…
  12. Q3 2010 EARNINGS CALL – Petrobras – slide 12
    GAS & ENERGY Investments consolidation Infrastructure Flexibility Power Generation NG Pipelines Fertilizer Thermo Power Plant LNG Terminals G&E Investments fully responded to higher demand Power Generation in Brazil…
  13. Q3 2010 EARNINGS CALL – Petrobras – slide 13
    OPERATING INCOME 3Q10 vs 2Q10 (R Million) - CBA 2010/2011: R 634 million 1,108 (580) - Barracuda: R 486 million (270) - Employees incentives: R 92 million (1,888) 12,303 10,673 2Q10 Operat. Inventory Other Operating 3Q10…
  14. Q3 2010 EARNINGS CALL – Petrobras – slide 14
    NET INCOME 3Q10 vs 2Q10 (R Million) 460 (634) 2,598 (523) 8,566 8,295 (1,630) 2Q10 Operating Financial Equity Minority 3Q10 Taxes Net Income Income Result Income Interest and Net Income Employees Part. o Higher…
  15. Q3 2010 EARNINGS CALL – Petrobras – slide 15
    EXPLORATION & PRODUCTION 3Q10 vs 2Q10 Operating Income (R Million) 11,572 1,095 (506) (930) (1,081) 125 10,275 2Q10 Price Effect Cost Effect Volume Effect Volume Effect Operating 3Q10 Operating on Revenues on COGS on…
  16. Q3 2010 EARNINGS CALL – Petrobras – slide 16
    DOWNSTREAM 3Q10 vs 2Q10 Operating Income 474 (365) (R Million) 2, 497 (211) 1, 714 244 (925) 2Q10 Price Effect Cost Effect Volume Effect Volume Effect Operating 3Q10 Operating on Revenues on COGS on Revenue on COGS…
  17. Q3 2010 EARNINGS CALL – Petrobras – slide 17
    GAS & POWER, INTERNATIONAL and DISTRIBUITION (3Q10 vs 2Q10) 3Q10 VS. 2Q10 Operating Results: 49 % Gas & Power R 264 million R 522 million o Natural Gas: Lower margins due to sales to volumes; o Energy: Lower result in energy…
  18. Q3 2010 EARNINGS CALL – Petrobras – slide 18
    INVESTMENTS 9M10 vs 9M09: Investiments 9M10 Investiments 9M09 R 56.5 billion R 50.7 billion 4.4 6.5 0.5 3.4 E&P 0.4 3.7 0,05 5,6 Downstream 5.5 1,1 24.1 Gas & Power 23.2 1,3 International 3,8 4.5 20.6 6,1 RTC 10,1 24,7…
  19. Q3 2010 EARNINGS CALL – Petrobras – slide 19
    PUBLIC OFFERING RECONCILIATION R 120.2 Billion: Public Offering R 115.1 billion: 3Q10 R 67.8 Billion: LFTs R 67.8 B: LFTs R 74.8 Billion to acquire rights GreenShoe R 47.2 Billion:Cash R 7.0 Billion: Cash to 5 billion…
  20. Q3 2010 EARNINGS CALL – Petrobras – slide 20
    Information: Investor Relations +55 21 3224-1510 petroinvestpetrobras.com.br 21 21

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