Operational and Financial Results 1st Quarter of 2013 Conference Call / Webcast April 29th, 2013
Quarter Highlights Positive financial and operating results Net Income of R 7,693 million, Operating Income of R 9,849 million, and EBITDA of R 16,231 million. Results Net Debt/EBITDA of 2.32x as of 1Q13, below target of 2.5x. Within…
Petrobras: Oil & LNG Production in Brazil Scheduled maintenance in Campos Basin impacted quarterly production As anticipated, Petrobras oil and LNG production in 1Q13 was lower than 4Q12: down 4% to 1,910 kbpd. The 2013 production…
PROEF UO-BC: Program to Increase Operational Efficiency Oil & NGL production in 1Q13: gain of 14 kbpd Average 1Q13 Expected for 2013 Oil + NGL Production Oil + NGL Production Operational Efficiency (%) Operational Efficiency (%)…
Exploration & Drilling Expenses: Brazil 18 wells write-offs in 1Q13: All post-salt Exploration and drilling expenses in 1Q13 were lower than those in 4Q12. 2011 81 2012 97 1Q13 18 Wells Wells R 1,237 MM Wells R 3,643 MM R 7,058 MM…
Domestic Production of Oil Products Oil Processing Records: 2,149 kbpd (Apr. 7), 2,137 (Mar. 30) and 2,125 (Mar. 3) Oil Product Production Refining Costs Throughput and Utilization (kbpd) (R/barrel) (kbpd) +10% 97% 98% +6% 2.500…
Oil Products Sales in Brazil 7% year over year growth in sales When compared to 4Q12, there was a reduction of 3% in oil products sales in the domestic market mainly due to the seasonality of diesel and gasoline demand, partially…
Oil Products Price - Brazil vs International Price adjustments in the last 10 months: +21.9% in diesel and +14.9% in gasoline 1Q13: 2 price increases in diesel, totaling +10.7%, and 1 in gasoline of +6.6%. The Company seeks convergence…
Trade Balance of Oil and Oil Products Higher imports of crude oil and reduced imports of oil products Higher net imports in 1Q13, mainly due to higher oil imports as a consequence of increasing refinery throughput and lower domestic oil…
Natural Gas Demand and Supply Continued high demand for thermal power generation DEMAND SUPPLY million m/day +39% +39% -1% -2% 89.4 88.0 90.2 88.1 Non Thermal 63.1 38.3 37.0 63.5 Domestic 43.6 43.3 Thermal 39,9 39.3 37.1…
PROCOP: Monitoring of Outcomes Mar/13 Accomplishment higher than expected. Attention points addressed 2013 Target: R 3.8 billion 100% 100% 90% Jan-Mar/13 Cost Savings Expected : R 646 million (17%) 80% Cost Savings Accomplished: R…
Operating Income 4Q12 vs 1Q13 Better prices and lower COGS 1,606 9,849 3,164 210 5,739 (870) R Million 4Q12 Sales Revenues COGS SG&A Other Expenses 1Q13 Operating Income Opearting Income Reduction in sales revenues, mainly…
Net Income 4Q12 vs 1Q13 Stable as compared to prior quarter 4,110 (1,398) (26) 7,747 7,693 R Million ( 2,618) (122) 4Q12 Operating Income Financial Result Equity in earnings Income Tax/Social Minority Interest 1Q13 Net…
Exploration & Production - 4Q12 vs 1Q13 As expected, lower production in the quarter 17,474 (277) 621 15,084 1,388 (2,976) (1,146) R Million 4Q12 Price Effect on Volume Effect on Average Cost Effect Volume Effect on Operating…
Downstream 4Q12 vs 1Q13 Higher oil products prices 4Q12 Price Effect on Volume Effect on Average Costs Volume Effect on Operating 1Q13 Operating Income Revenues Revenues Effect on COGS COGS Expenditures Operating Income R million…
Net Result by Segment: 4Q12 vs 1Q13 Exploration and Production Gas & Energy R 11.5 Bn vs R 10.0 Bn R 0.5 Bn vs R 0.9 Bn decrease of oil and NGL production in Brazil higher power generation revenues due to energy prices lower dry or…
Investments Tracking physical and financial progress of projects S Curves Investments of R 19.8 billion in 1Q13, 10% higher than that of 1Q12. Investments: 1Q12 x 1Q13 Investments 1Q13 by segment +10% 1% 1% 0% 19.8 4% 18.0 5%…
Capital Structure Net debt remained stable Net Debt/EBITDA Net Debt/Net Capitalization1 5,0 40% 31% 31% 28% 28% 4,0 24% 24% 30% 20% 3,0 2 10% 2,77 2,0 2,46 2,42 2,32 2 0% 1,0 1,66 1,61 -10% 0,0 -20% 4Q11 1Q12 2Q12 3Q12…
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