Operational and Financial Results 2nd Quarter of 2013 Conference Call / Webcast August 12th, 2013
Oil and NGL Production in Brazil Production in the Quarter as expected. New Pre-Salt Record: 326 kbpd. Oil and NGL Production (kbpd) Pre-Salt Production (kbpd) Pre-Salt Record (Petrobras+Partners): 326 kbpd in 06/22/13 Pre-Salt Other…
Operating Performance in Brazil E&P PROEF 2Q13: contribution to production of 62 kbpd, 15 kbpd in UO-BC and 47 kbpd in UO-RIO Drilling Expenses (R million) Discoveries 55 discoveries in the last 18 months, 16 in Pre-Salt. -63%…
Lifting Cost New units still ramping up in 2Q13: 138 kbpd x 312 kbdp capacity Lifting Cost, Oil Production and New Production Units Start-up Capacity: 54 kbpd Cid. So Paulo Cid. Paraty 2Q13: 11 kbpd Jan/13 Jun/13 Capacity: 80 kbpd…
2013 Production Stronger Growth in 4Q13 due to the start up of 4 news production systems Lifting Cost, Oil Production and New Production Units Start-up Capacity: 54 kbpd Cid. So Paulo Cid. Paraty P-63 P-61 2Q13: 11 kbpd Jan/13…
Operation Performance in Brazil Downstream Refining throughput, product output and sales, and costs Oil Products Production in Brazil (kbpd) Throughput (kbpd) and Utilization (%) +196 mbpd Utilization Imported Oil Domestic Oil + NGL…
Domestic and International Price Comparison In 2Q13, the lowest differential to international prices since Jan/12 The differential decreased in 2Q13 due to price adjustments of diesel (Jan 30th, Mar 6th) and gasoline (Jan 30th) as well…
Trade Balance of Oil and Oil Products Domestic production increase improves the result of 2Q13 compared with 1Q13 Lower net imports in 2Q13 due to lower oil products imports (-115 kbpd) as a consequence of higher Gasoline (+48 kbpd) and…
Operational Performance in Brazil Gas and Energy Natural Gas supply and demand balance, fertilizers and power generation Natural Gas Demand (million m/day) Natural Gas Supply (million m/day) +20% +2% +21% +2% 89.3 87.7 89.4 90.3 88.1…
PROCOP: Monitoring of Outcomes Jun/13 Accomplishment of R 2.9 billion, 78% of annual target of operating cost optimization 2013 Target: R 3.8 billion 160% 150% Jan-Jun/13 140% Cost Savings Expected : R 1.6 billion (43%) 130% Cost…
Financial Highlights of 2nd Quarter Operating Income EBITDA Net Income +110% +71% +13% +11% +561% -19% R million R million R million 9.849 11.107 16.231 18.091 7.693 6.201 5.282 10.599 -1.346 2Q12 1Q13 2Q13 2Q12 1Q13…
Operating Income 1Q13 vs 2Q13 Increase in oil product prices and domestic demand 1,092 (1,240) 1,783 11,107 9,849 (377) R million 1Q13 Sales Revenue COGS SG&A Other Expenses 2Q13 Operating Income Operating Income Higher Sales…
Net Income 1Q13 vs 2Q13 Lower than previous quarter due to financial results 1,258 7,693 664 6,201 1,293 R million 234 (4,941) 1Q13 Operational Financial Result Earnings of Taxes Minority Interest 2Q13 Net Income…
Investments: Physical progress in line with financial progress Tracking physical and financial progress S-Curves Tracking of physical and financial progress of 155 individual projects (S-curves): Average physical progress: 98.4%.…
Capital Structure Borrowings at competitive costs to fund 2013-2017 BMP Net Debt/EBITDA 1 Net debt / Net Capitalization 2 5,0 34% 40% 31% 31% 28% 28% 4,0 24% 30% 20% 3,0 3 10% 2.77 2.57 3 2,0 2.46 2.42 2.32 3 0% 1,0 1.61…
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