Results Announcement 4th Quarter and 2012 Year End Results Conference Call / Webcast February 5th, 2013
2012 Highlights Operating Income: R 32,397 million Results Net Income: R 21,182 million Improvement in planning through the accomplishment of the 2012 target (2,022 kbpd 2%): 1,980 kbpd Start up of FPSO Cid. Anchieta (Baleia Azul) in…
2012 Brazil Production: Target achieved according to 2012-16 BMP Decrease of 2% in oil and LNG production due to: Frade field interruption due to seepage (-14 kbpd), longer than expected scheduled maintenance (-6 kbpd) and unexpected…
PROEF UO-BC: Program to Recover Operational Efficiency In 2012 UO-BCs average production was improved by 25 kbpd through PROEF, reaching 459 kbpd. The average operational efficiency increased 11 p.p., from 67% in April to 78% in…
Exploratory Activity Proven Reserves 16.4 Bi boe at year end. In Brazil, Reserve Replacement Ratio (RRR) above 100% for the 21st consecutive year. New discoveries, especially in new exploratory frontiers. 2012 Proven Reserves 2012…
Domestic Output of Oil Products: Focus on Diesel and Gasoline Increase of 82 kbpd in throughput using more domestic crude oil while improving the production profile. Increases in diesel and gasoline production minimized import…
Oil Products Sales in Brazil Increase of 81 kbpd in gasoline sales and 57 kbpd in diesel sales due to economic growth, especially retail. Oil Products Sales in Brazil +7% 2,285 Oil products sales in Brazil were 7% higher compared…
Oil Products Price - Brazil vs International Price adjustments were not enough to close the gap between domestic and international prices due to the increase in the oil price and, especially, FX rate fluctuation. Petrobras continues…
Trade Balance of Oil and Oil Products Market growth exceeded production, leading to higher gasoline and diesel imports. Increase in domestic feedstock and lower crude oil production reduced oil exports in 2012. Exports Imports…
Natural Gas Demand and Supply Increase of 22% in natural gas demand in 2012 (74.5 MM m/d), largely due to higher thermal power generation (+119%). Demand was met through higher domestic supply and LNG imports. The increase in domestic…
2012 Investments Investments of R 84 billion, 16% above 2011. Annual Investment Investment by Segment Main Projects 1.6% 2% 0.4% +16% 5% E&P: Production Development Projects of Baleia 84.1 6% Azul (Cid. de Anchieta), Sapinho…
Net Result by Segment - 2011 vs 2012 Exploration and Production Downstream R 40.6 Bi vs R 45.4 Bi - R 9.9 Bi vs - R 22.9 Bi g Higher rate. realization prices due to the FX devaluation (17%). Increasedein7,8% Reajuste refining…
2011 vs 2012 Operating Income (R million) 37,203 45,403 (43,533) 32,397 (1,849) (4,827) 2011 Sales COGS SG&A Other 2012 Operating Revenues Expenses Operating Income Income Higher sales revenues reflecting growth in…
2011 vs 2012 Net Income (R million) 33,313 4,447 20 21,182 (13,006) 555 (3,845) (302) 2011 Operating Financial Equity in Profit Income Tax / Minority 2012 Net Income Income Result earnings of Sharing Social Interest Net…
3Q12 vs 4Q12 Operating Income (R million) 8,864 (388) 6,120 (1,136) (98) (1,318) 3Q12 Sales COGS SG&A Other 4Q12 Operating Revenue Expenses Operating Income Income Revenue: higher demand and prices offset by reduced…
3Q12 vs 4Q12 Net Income (R million) 1,646 48 7,747 3,357 5,567 (10) (117) (2,744) 3Q12 Operating Financial Equity Profit Income Tax / Minority 4Q12 Net Income Income Results Income Sharing Social Interest Net Income…
Dividends Proposed Dividends PN = R 0.96 / share and R 1.92 / ADR ON = R 0.47 / share and R 0.94 / ADR Note: 1 ADR = 2 shares General Rules Companies with two classes of shares must pay a minimum amount of dividends Minimum…
2013 Outlook Management Oil Production in Brazil PROCOP: program implementation to achieve first Average production flat as compared to 2012. results in 2013. Lower production in 1H13 due to higher concentration of scheduled…
Announcement of the Results END 4th Quarter and Year End 2012 Results Conference Call / Webcast February 5th, 2013
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