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Q3 2012 EARNINGS CALL – Petrobras

Petrobras · Oct 29, 2012 · 15 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 2012 EARNINGS CALL – Petrobras – slide 1
    3rd Quarter 2012 (IFRS) Conference Call/Webcast October 29th, 2012
  2. Q3 2012 EARNINGS CALL – Petrobras – slide 2
    QUARTER HIGHLIGHTS Net Income of R5,567 million and EBITDA of R14,375 million Oil production in Brazil of 1,904 kboed (-3% vs. 2Q12) and natural gas of 377 kboed (+4% vs. 2Q12) Start up of FPSO Cidade de Anchieta in September…
  3. Q3 2012 EARNINGS CALL – Petrobras – slide 3
    OIL AND NGL PRODUCTION (BRAZIL) Kbpd 2011 2012 2,200 3Q11 2Q12 3Q12 2,150 Average 1,978 2,110 Average 1,970 Avarege 1,904 2,100 2,069 2,047 2,061 2,040 2,084 2,098 2,050 2,002 1,989 2,000 2,020 2,003 2,003 2,001 1,993 1,941…
  4. Q3 2012 EARNINGS CALL – Petrobras – slide 4
    DOMESTIC AND INTERNATIONAL PRICES R/bbl kbpd Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 (1) (2) ARP Brazil ARP USGC Gasoline Imports Diesel Imports ARP in Brazil increased due to diesel and gasoline prices…
  5. Q3 2012 EARNINGS CALL – Petrobras – slide 5
    LIFTING COST 69.83 65.11 60.04 61.73 54.11 38.68 38.48 37.57 39.03 R/Barrel 31.80 31.15 22.31 22.47 22.70 26.63 3Q11 4Q11 1Q12 2Q12 3Q12 Lifting Cost Govt Take 17% QoQ increase in lifting cost due to, mainly:…
  6. Q3 2012 EARNINGS CALL – Petrobras – slide 6
    DOMESTIC OUTPUT OF OIL PRODUCTS Oil products output * Throughput Refining Cost Thousand bpd Thousand bpd R/bbl 96% 98% 2,008 2,026 2.500 93% 100 1,886 90 549 1,927 1,974 541 2.000 1,866 80 511 341 385 70 147 144 316 133…
  7. Q3 2012 EARNINGS CALL – Petrobras – slide 7
    OIL PRODUCTS SALES IN BRAZIL +6.4% +5% 2,237 2,350 2,208 459 6% increase in oil products sales in the 3Q12 vs 3Q11 435 431 comparison: 232 kbpd 235 228 17% increase in gasoline volumes and 4% in diesel 557 569 488 5%…
  8. Q3 2012 EARNINGS CALL – Petrobras – slide 8
    TRADE BALANCE Exports Imports Balance +1% +14% -14% 815 822 -1% 724 642 kbpd 316 385 554 551 341 +57% 458 351 228 +60% 375 190 51 195 44 84 -173 134 172 148 219 50 31 28 144 163 142 -170 10 -271 -10 3Q11 2Q12…
  9. Q3 2012 EARNINGS CALL – Petrobras – slide 9
    3Q12 vs 2Q12 OPERATING INCOME 5,746 1,475 8,600 (3,675) 5,282 (228) R million 2Q12 Sales Revenue COGS SG&A Other Expenses 3Q12 Operating Income Operating Income Increase in operating income Sales revenue growth,…
  10. Q3 2012 EARNINGS CALL – Petrobras – slide 10
    3Q12 vs 2Q12 NET INCOME 618 5,838 R million 5,567 (2,268) (593) 3,318 (1,346) 2Q12 Operating Financial Equity Income Taxes Minority 3Q12 Net Income Income Results Interest Net Income Net Income Increase due…
  11. Q3 2012 EARNINGS CALL – Petrobras – slide 11
    3Q12 vs 2Q12 E&P 16,172 312 1,646 16,380 413 (937) (1,226) R million 2Q12 Price Effect Volume effect Average Cost Volume Effect Operational 3Q12 Operational on Revenue on Revenue effect in COGS on COGS Expenses Operational…
  12. Q3 2012 EARNINGS CALL – Petrobras – slide 12
    3Q12 vs 2Q12 DOWNSTREAM R million 1,402 3,102 (891) (1,899) (397) (8,651) (9,968) 2Q12 Price Effect Volume Effect Average Cost Volume Effect Operational 3Q12 Operational on Revenue on Revenue Effect in COGS on COGS…
  13. Q3 2012 EARNINGS CALL – Petrobras – slide 13
    CAPITAL STRUCTURE R Billion 09/30/12 06/30/12 50% 5,5 Endiv.Lq./Cap. Net Debt/EBITDALquida 1 NetLq./EBITDA Div. Debt/Net Capitalization2 Short-term Debt 15.3 17.6 40% 4,5 Long-term Debt 171.2 161.6 28% 28% 30% 22% 24%…
  14. Q3 2012 EARNINGS CALL – Petrobras – slide 14
    INVESTMENTS 9M2011 9M2012 R 50.8 billion R 59.8 billion (US 31.1 billion) (US 31.1 billion) 1% 2% 1% 2% 6% 6% 6% 5% 48% 52% 37% 34% E&P Downstream G&E International Distribution Biofuel Corporate 15
  15. Q3 2012 EARNINGS CALL – Petrobras – slide 15
    Information: Investor Relations +55 21 3224-1510 petroinvestpetrobras.com.br 16

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