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Q4 2010 EARNINGS CALL – Eni S.P.A

Eni S.P.A · Feb 16, 2011 · 23 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. Q4 2010 EARNINGS CALL – Eni S.P.A – slide 1
    2010 fourth quarter and full year preliminary results 16 February 2011 eni.com
  2. Q4 2010 EARNINGS CALL – Eni S.P.A – slide 2
    2010 highlights E&P Record production:1.815 kboed (+1.1%* vs 2009) Progress on key projects in Iraq, Venezuela and Angola RRR 137% (organic at 2009 price), Life Index 10.5 years Exploration: 0.9 Bboe resources discovered (Venezuela,…
  3. Q4 2010 EARNINGS CALL – Eni S.P.A – slide 3
    market environment Average European Brent / exchange rate refining margin* /bl /bl /bl /bl 6 1,6 6 90 90 5 1,5 5 4 75 75 4 3 1,4 60 60 3 2 1,3 45 45 1 2 30 30 0 1 1,2 Q409 Q110 Q210 Q310 Q410 Q409 Q110 Q210 Q3…
  4. Q4 2010 EARNINGS CALL – Eni S.P.A – slide 4
    Q4 consolidated results Adj. operating profit Adj. net profit Million Million 4,739 3,702 1,723 1,394 Q4 09 E&P G&P R&M Other Q4 10 Q4 09 Op. Inv/Fin Taxes Minor Q4 10 Profit adj Charges 4
  5. Q4 2010 EARNINGS CALL – Eni S.P.A – slide 5
    E&P performance Oil & gas production Adj. operating profit kboe/d Million 1,954 4,028 1,886 1,816 1,758 1,705 3,442 3,296 3,118 2,804 Q4 09 Q1 10 Q2 10 Q3 10 Q4 10 Q4 09 Q1 10 Q2 10 Q3 10 Q4 10 Oil Gas 5
  6. Q4 2010 EARNINGS CALL – Eni S.P.A – slide 6
    proved reserves mmboe 6,843 6,923 6,677 80 106 (12) 662 840 2009 production promotions portfolio 2010 price effect 2010 adj 2009 2010 2010 adj RRR Organic: 92% RRR Organic: 127% RRR Organic: 137% RRR All sources: 96% RRR…
  7. Q4 2010 EARNINGS CALL – Eni S.P.A – slide 7
    G&P performance Gas sales Adj. operating profit Bcm Million 28.9 27.2 1,267 26.6 1,127 17.9 17.4 777 629 446 Q4 09 Q1 10 Q2 10 Q3 10 Q4 10 Q4 09 Q1 10 Q2 10 Q3 10 Q4 10 Italy International* * Including…
  8. Q4 2010 EARNINGS CALL – Eni S.P.A – slide 8
    G&P: ebitda proforma adjusted* million 1,432 1,159 921 821 825 703 675 Q2 09 Q3 09 Q4 09 Q1 10 Q2 10 Q3 10 Q4 10 International Regulated Marketing Transport businesses in Italy * Ebitda pro forma includes:…
  9. Q4 2010 EARNINGS CALL – Eni S.P.A – slide 9
    R&M performance Process utilization index Adj. operating profit % Million 86 14 84 77 73 70 -39 -52 -94 -196 Q4 09 Q1 10 Q2 10 Q3 10 Q410 Q4 09 Q1 10 Q2 10 Q3 10 Q410 9
  10. Q4 2010 EARNINGS CALL – Eni S.P.A – slide 10
    other businesses: adjusted operating profit million Q4 Q4 FY FY % 2009 2010 2009 2010 (104) (74) Petrochemicals (426) (113) 73.5 284 378 Engineering & 1,120 1,326 18.4 Construction (66) (43) Other activities (258) (205)…
  11. Q4 2010 EARNINGS CALL – Eni S.P.A – slide 11
    net debt evolution billion 26.1 0.4 0.4 23.1 13.9 14.7 4.1 1.1 Dec 2009 Operating Divestments Dividends Capex Acquisitions Others Dec 2010 cashflow 11
  12. Q4 2010 EARNINGS CALL – Eni S.P.A – slide 12
    2011: continuing growth Exploration & Production Increase production by 1% 70/bbl Gas & Power Preserve profitability through focused marketing initiatives and contract renegotiations Refining & Marketing Further efficiency…
  13. Q4 2010 EARNINGS CALL – Eni S.P.A – slide 13
    Appendix 16 February 2011 eni.com
  14. Q4 2010 EARNINGS CALL – Eni S.P.A – slide 14
    results of operations million Q4 09 Q4 10 FY 09 FY 10 % 22,077 27,950 Net sales from operations 83,227 98,360 2,466 2,875 Operating Profit 12,055 16,111 33.6 135 132 Inventory holding gains (losses) 345 881 2,331 2,743…
  15. Q4 2010 EARNINGS CALL – Eni S.P.A – slide 15
    G&P: adjusted operating profit by activities million -31.1% 1,127 91 777 487 68 International Transport 529 Regulated business in Italy 549 180 Marketing Q4 09 Q4 10
  16. Q4 2010 EARNINGS CALL – Eni S.P.A – slide 16
    unrealized profit in stocks (UPIS) million Q4 09 Q4 10 FY 09 FY 10 (62) (202) E&P vs R&M (42) (229) 8 12 E&P vs G&P 80 (4) (8) (12) E&C vs Eni Group (38) (38) (62) (202) Total UPIS 0 (271)
  17. Q4 2010 EARNINGS CALL – Eni S.P.A – slide 17
    eni share of profit from associates Q4 FY 2009 2010 2009 2010 95 93 Equity method accounted for 322 394 29 17 Gas transportation abroad 60 113 5 - EnBw (GVS) 19 2 28 35 Union Fenosa 108 119 6 7 Blue Stream 33 36 27 34 Others 102…
  18. Q4 2010 EARNINGS CALL – Eni S.P.A – slide 18
    G&P share of profit from associates million -2.1% +22.4% 394 322 113 95 93 60 17 57 29 33 20 6 229 224 60 56 FY 09 FY 10 Q4 09 Q4 10 Marketing Regulated business in Italy International Transport
  19. Q4 2010 EARNINGS CALL – Eni S.P.A – slide 19
    main operating data Q4 09 Q4 10 FY 09 FY 10 % 1,886 1,954 Hydrocarbon prod. (kboe/d) 1,769 1,815 2.6 166.8 173.6 Production sold* (mmboe) 622.8 638.0 2.4 10.0 10.5 Natural gas sales in Italy**(bcm) 40.0 34.3 (14.4) 16.0 16.2…
  20. Q4 2010 EARNINGS CALL – Eni S.P.A – slide 20
    production growth by geographical area kboe/d +3.6% 1,886 1,954 401 419 145 209 117 117 403 421 688 565 173 182 Q4 09 Q4 10 Italy North Africa West Africa Kazakhstan America RoW
  21. Q4 2010 EARNINGS CALL – Eni S.P.A – slide 21
    oil & gas production kboe/d +3.6% 1,886 1,954 1,954 1,886 182 173 1,073 1,049 1,772 1,713 905 813 Q4 09 Q4 10 Q4 09 Q4 10 Abroad Italy Gas Liquids
  22. Q4 2010 EARNINGS CALL – Eni S.P.A – slide 22
    capex million 0.5% 3,894 3,912 386 150 409 381 254 615 591 2,490 2,573 -43 Q4 09 Q4 10 E&P G&P R&M E&C Others (including UPIS)
  23. Q4 2010 EARNINGS CALL – Eni S.P.A – slide 23
    eni consolidated results +36.4% +26.3% 0.48 0.38 0.15 EPS 0.11 Euro per share* Q4 09 Q4 10 Q4 09 Q4 10 Adjusted Adjusted -2.0% +4.5% 0.99 1.10 1.15 1.01 CFPS Euro per share* Q4 09 Q4 10 Q4 09 Q4 10 Adjusted…

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