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Stake Disposal and Q3 Resullts – Saipem Spa

Saipem Spa · Oct 29, 2015 · 10 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. Stake Disposal and Q3 Resullts – Saipem Spa – slide 1
    Saipem stake disposal and Q3 results A major milestone in enis transformation 29 October 2015 www.eni.com
  2. Stake Disposal and Q3 Resullts – Saipem Spa – slide 2
    Eni strategy - progressing on three main pillars Growth 2015 production +9% 1.2 bln boe of new resources discovered Capex 17% and Opex per boe 12% Restructuring G&P ebit close to breakeven R&M and Versalis both ebit positive…
  3. Stake Disposal and Q3 Resullts – Saipem Spa – slide 3
    Saipem stake disposal 3
  4. Stake Disposal and Q3 Resullts – Saipem Spa – slide 4
    Saipem stake disposal 12.5% sale to FSI and deconsolidation Pro-quota participation in capital increase of 3.5 bln Full net debt reimbursement at completion Total net debt reduction to eni 5.1 bln 4
  5. Stake Disposal and Q3 Resullts – Saipem Spa – slide 5
    3Q results and YTD performance 5
  6. Stake Disposal and Q3 Resullts – Saipem Spa – slide 6
    E&P - production growth is supported by world class exploration oil & gas production kboed exploration discoveries 1,800 +9% US Permian Libya 1,700 Egypt Indonesia 1718 Gabon 1,600 Congo 1,500 1581 1.2 bln boe discovered…
  7. Stake Disposal and Q3 Resullts – Saipem Spa – slide 7
    G&P - strong cash generation EBIT adj bn CFFO bn 0.2 2 +2.6 0.08 0 -0.14 1 1.9 -0.2 -0.4 0 -0.7 -0.6 +0.3 -1 9M 14 9M 15 9M 14 9M 15 9M results without retroactive benefits 2015 EBIT adj close to breakeven…
  8. Stake Disposal and Q3 Resullts – Saipem Spa – slide 8
    R&M and Chemicals - gaining momentum EBIT adj bn CFFO bn 2 +1.1 +1.2 1.5 1 1 1.7 0.5 0.5 0.56 0.5 0 0 -0.56 -0.5 -0.5 9M 14 9M 15 9M 14 9M 15 -1 EBIT adj positive and organic cash neutrality brought forward to…
  9. Stake Disposal and Q3 Resullts – Saipem Spa – slide 9
    Ebit and Net economic performance EBIT adj bn Net adj bn 8.8 3.1 scenario -6.1 +0.8 3.5 performance 0.8 Q3 14 scenario hedging performance Q3 14 scenario 9M 14 9M 15 9M 14 9M 15 EBIT adj: plan execution delivered…
  10. Stake Disposal and Q3 Resullts – Saipem Spa – slide 10
    Cash generation - organic capex coverage 15 cumulative CFFO 9M 15 CFFO and CAPEX 2015 70 12 12 60 CFFO CAPEX 9 9 50 40 6 6 Jan-Sep Jan-Sep 30 8.4 8.4 20 3 3 10 0 0 0 source use capex covered by operating…

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