Skip to main content Q4 2014 EARNINGS CALL – Repsol S.A. Investor Presentation | Shale Experts
Loading...
Pm

Q4 2014 EARNINGS CALL – Repsol S.A.

Repsol S.A. · Feb 26, 2015 · 24 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 2014 EARNINGS CALL – Repsol S.A. – slide 1
    WEBCAST CONFERENCE CALL Fourth Quarter 2014 Results February 26th, 2015 Repsol Investor Relations www.repsol.com
  2. Q4 2014 EARNINGS CALL – Repsol S.A. – slide 2
    Fourth Quarter 2014 Results 1. Main events of 2014 2. Quarterly and full year results 3. Outlook for 2015 4. Conclusions 3
  3. Q4 2014 EARNINGS CALL – Repsol S.A. – slide 3
    Main events of 2014 1 4
  4. Q4 2014 EARNINGS CALL – Repsol S.A. – slide 4
    Main events of 2014 Rep. Argentina delivered a portfolio of Argentinian Bonds Extraordinary that Repsol dividend Disposal of LNG decided to sell 1 euro per assets to Shell 5 billion dollars share 2013 1Q14 2Q14 3Q14 4Q14…
  5. Q4 2014 EARNINGS CALL – Repsol S.A. – slide 5
    Main events of 2014 The adquisition of Talisman fits all the requirements we were looking for: OECD or OECD alike countries Growth platforms to value creation and sustainability Create value for our shareholders 6
  6. Q4 2014 EARNINGS CALL – Repsol S.A. – slide 6
    Quarterly and full year results 2 7
  7. Q4 2014 EARNINGS CALL – Repsol S.A. – slide 7
    Quarterly and full year results 4Q 2014 4Q 2013 4Q 2014 % Variation CCS Adjusted Net Income 123 370 +201% CCS Adjusted Operating Income 211 626 +197% Million FY 2014 2013 2014 % Variation CCS Adjusted Net Income 1,343 1,707…
  8. Q4 2014 EARNINGS CALL – Repsol S.A. – slide 8
    Upstream Results Adjusted Net Income QUARTERLY RESULTS FULL YEAR RESULTS 980M 162M 589M 4M 4Q13 4Q14 2013 2014 9
  9. Q4 2014 EARNINGS CALL – Repsol S.A. – slide 9
    Upstream Results Production +16% Russia 371 321 kboed USA kboed T&T 4Q13 4Q14 Venezuela Peru Brazil Bolivia In 2014 average production growth of 2.5%. With Libya at normal levels, 8% increase in production 10
  10. Q4 2014 EARNINGS CALL – Repsol S.A. – slide 10
    Upstream Results Adjusted Net Income 4Q 2013 4Q 2014 Adjusted Net Income 162 4 Million 220 170 30 120 77 [106] 162 [232] 70 (232) [19] 20 124 [31] 124 4 -30 -80 4Q13 Price effect Volume Exploration Exchange Depreciation…
  11. Q4 2014 EARNINGS CALL – Repsol S.A. – slide 11
    Upstream Results Reserve Replacement Ratio 118% 129Mboe THREE YEAR ROLLING AVERAGE RRR: 198% Production 2014 RRR 2014 12
  12. Q4 2014 EARNINGS CALL – Repsol S.A. – slide 12
    Downstream Results Adjusted Net Income QUARTERLY RESULTS FULL YEAR RESULTS 1,012M 370M 479M 21M 4Q13 4Q14 2013 2014 13
  13. Q4 2014 EARNINGS CALL – Repsol S.A. – slide 13
    Downstream Results - Refining Refining Margin Indicator Utilization rates 4Q14 4Q13 4.1 4Q14 5.5 80.1% 105.5% Distillation capacity Conversion units 0 1 2 3 4 5 6 /bbl Refining Margin Indicator Utilization rates 2014 2013…
  14. Q4 2014 EARNINGS CALL – Repsol S.A. – slide 14
    Downstream Results Petrochemicals business Commercial businesses Higher results thanks to: Higher results in LPG division. Competitiveness programs implemented Growth in sales in the Better market environment Marketing business…
  15. Q4 2014 EARNINGS CALL – Repsol S.A. – slide 15
    Downstream Results Adjusted Net Income 4Q 2013 4Q 2014 Adjusted Net Income 21 370 Million 600 550 [24] 500 102 450 [167] 400 126 350 19 300 45 250 200 353 370 150 251 100 50 0 21 4Q13 Refining Commercial…
  16. Q4 2014 EARNINGS CALL – Repsol S.A. – slide 16
    Gas Natural Fenosa Results Adjusted Net Income 99M Impairment in the Egyptian 67M LNG plant of Dammietta 4Q13 4Q14 17
  17. Q4 2014 EARNINGS CALL – Repsol S.A. – slide 17
    Benefits of integration Stability of our results INTEGRATED MODEL UPSTREAM DOWNSTREAM 60% of the Negative Gas Natural production correlation results and is gas USD vs. Brent dividends Stability of our results 18
  18. Q4 2014 EARNINGS CALL – Repsol S.A. – slide 18
    Outlook for 2015 3 19
  19. Q4 2014 EARNINGS CALL – Repsol S.A. – slide 19
    Adquisition of Talisman Energy Update On 18th February, the shareholders of Talisman approved the transaction Currently working with Talisman on a smooth integration Expecting closing date before the end of the 2Q15 20
  20. Q4 2014 EARNINGS CALL – Repsol S.A. – slide 20
    The outlook for 2015 35% Exploration capex reduction UPSTREAM 3.8Bn 2.7Bn USA Caribbean Area Algeria Brazil Andean Areas 2014 2015 Investment DOWNSTREAM Reducing the energy costs of our industrial plants 21
  21. Q4 2014 EARNINGS CALL – Repsol S.A. – slide 21
    Looking forward Mantain competitive shareholder remuneration at current levels Strategic lines of the current and future Repsol: Balance between Upstream and Downstream divisions After Talisman acquisition Upstream will focus on…
  22. Q4 2014 EARNINGS CALL – Repsol S.A. – slide 22
    Conclusions 4 23
  23. Q4 2014 EARNINGS CALL – Repsol S.A. – slide 23
    Q&A Session Fourth Quarter 2014 Results
  24. Q4 2014 EARNINGS CALL – Repsol S.A. – slide 24
    WEBCAST CONFERENCE CALL Fourth Quarter 2014 Results February 26th, 2015 Repsol Investor Relations www.repsol.com

From the store

Browse maps, data & reports in the Shale Experts store