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Q4 2015 Full Year Results – Eni S.P.A

Eni S.P.A · Feb 26, 2016 · 11 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 2015 Full Year Results – Eni S.P.A – slide 1
    Q4 and Full Year 2015 Results www.eni.com February 26th 2016
  2. Q4 2015 Full Year Results – Eni S.P.A – slide 2
    2015 main achievements UPSTREAM MID-DOWNSTREAM GROUP valuable growth increasing resilience simplified model G&P Saipem 10% production growth 12.5% disposal close to breakeven 1.4 bln boe exit from discovered UEC 0.7/boe Refining…
  3. Q4 2015 Full Year Results – Eni S.P.A – slide 3
    CFFO breakeven lowered to 50 /bbl cash sources and uses CFFO bln -5.1 14.4 2.9 12.2 scenario growth, impact turnaround & efficiency growth, efficiency and strong cost control drive robust cash generation 3
  4. Q4 2015 Full Year Results – Eni S.P.A – slide 4
    strong production growth oil & gas production kboe/d Q4 2015: 1,884 +10% +14% vs Q4 2014 10 main start ups 1,760 1,598 fast track of near field discoveries in Egypt one off contribution from past cost recovery 4
  5. Q4 2015 Full Year Results – Eni S.P.A – slide 5
    capex optimization group capital expenditure upstream capex /boe 13.2 FX rate 1.6 -17% 11.6 11 -20% re-phasing of development projects accelerated time to market of near field exploration renegotiation of rates and costs…
  6. Q4 2015 Full Year Results – Eni S.P.A – slide 6
    enhancing our competitive cost structure upstream opex /boe G&A mln target opex per boe -23% 2016 vs 2014 G&A -30% Peers: Exxon, Shell, BP, Total, Chevron 6
  7. Q4 2015 Full Year Results – Eni S.P.A – slide 7
    2015 Reserves Replacement Ratio proved reserves bln boe -0.02 -0.6 0.9 6.9 6.6 2015 RRR: 148% YE14 YE15 average organic RRR of 135% since 2010 7
  8. Q4 2015 Full Year Results – Eni S.P.A – slide 8
    full year consolidated results adj. operating profit YoY bln adj. operating profit bln -0.1 0.4 -0.3 4.1 11.4 4.1 -8.8 -0.7 11 2.2 4.1 2015 Net adj profit: 336 mln 8
  9. Q4 2015 Full Year Results – Eni S.P.A – slide 9
    Saipem deal October Now 2015 January 2016 February 2016 February 2016 12.5% sold to Capital FSI and Completion increase deconsolidation Announcement Intercompany debt reimbursement Transaction completed in 4 months 4.8…
  10. Q4 2015 Full Year Results – Eni S.P.A – slide 10
    net debt evolution leverage = 0.31 0.22 0.22 net debt/equity billion 19.3 13.7 11.7 * Proforma 31st Dec 2015 net debt based upon group position considering the closure of the Saipem transaction 10
  11. Q4 2015 Full Year Results – Eni S.P.A – slide 11
    conclusions Actual 2015 Outlook 2016 Beating our targets Enhancing resiliency production production +10% at 1.76 Mboed 1.76 Mboed (with one-off benefits) (without 2015 one-off benefits) capex capex 17% vs. 2014 -20% vs. 2015…

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