Share performance1 Total shareholder return1 +121% +190% vs. vs. Peers2: -31% Peers2 SXXP: -3% SXEP: -27% +14% 1 Evolution since 23 October 2006 until 23 October 2016. TSR calculated in Euros. Third quarter 2016 results 2…
3Q16 highlights 4 3Q16 Ebitda of 384 m, up 14% QoQ on higher upstream production and oil marketing seasonality, although down 6% YoY due to lower Oil & Gas prices and refining margins Maintaining a strong upstream development…
Maintaining strong execution pace 7 WI production growth QoQ kboepd FPSO 4 at plateau since August with full 74 ramp-up achieved in 13 months 55 FPSO 5 continues to ramp-up with five producers expected to be online by YE2016…
Africa: Progressing with development projects 8 Mozambique: Area 4 Angola: blocks 14/14k and block 32 Coral South: Finalising commercial agreements, Block 14/14k contributing steadily to production with LNG offtake agreement…
R&M: Robust contribution from downstream activities 9 Refining Marketing Benefitting from the high availability of the refining Solid marketing performance, benefitting from system, despite much lower benchmark margins continued…
G&P: Challenging NG/LNG macro environment 10 Supply & Trading NG Infrastructure Power LNG trading impacted by fewer Regulated infrastructure business Power benefitting from increased arbitrage opportunities, although impacted by…
Q3 Ebitda of 384 m, up 14% QoQ and down 6% YoY 12 Profit & Loss RCA (m) 2Q16 3Q15 3Q16 QoQ YoY 9M16 YoY Higher E&P Ebitda driven by strong production growth YoY and QoQ Turnover 3,267 3,904 3,499 +7% (10%) 9,595 (21%) Ebitda 337 407…
Group capex of 244 m mostly related to upstream 13 Capital Expenditure (m) 852 874 85% of overall investment allocated to E&P, of which 93% to development activities, mainly in block BM-S-11 (Brazil) and block 32 (Angola)…
Strengthening financial position 14 Balance Sheet (m)1 Jun.2016 Sep.2016 Dec.2015 (prior to GGND (prior to GGND Sep.2016 Sep-Dec Sep-Jun Net fixed assets of 8.5 bn, or 7.4 bn 2 reclassification) reclassification) 2 considering…
GGND deal enhancing financial flexibility 15 Net debt evolution1 (bn) 2.2 1.7 1.5 Includes dividend payments2 of 378 m YE2015 9M16 30.Set.2016 GGND deal 30.Set.2016 impact 3 + GGND deal 1 Considering loan to…
E&P: Working interest production up 62% YoY 17 Main E&P data 2Q16 3Q15 3Q16 QoQ YoY 9M16 YoY Brazilian production increased YoY, supported 1 by the ramp-up of FPSO 4, FPSO 5 and Working interest production kboepd 54.7 45.7 74.0 +35%…
R&M: Ebitda impacted by lower refining margins 18 Main R&M data 2Q16 3Q15 3Q16 QoQ YoY 9M16 YoY Spread to benchmark of 1.1/boe, continuing to leverage arbitrage opportunities between Galp refining margin USD/boe 4.6 6.7 3.4 (26%)…
G&P: Ebitda flat YoY supported by structured trading 19 Main G&P data 2Q16 3Q15 3Q16 QoQ YoY 9M16 YoY NG/LNG volumes down 8% YoY given fewer trading opportunities NG/LNG total sales volumes mm3 1,593 1,909 1,750 +10% (8%) 5,203…
Investor Relations team 20 Pedro Dias, Head Otelo Ruivo, IRO Ctia Lopes Joo G. Pereira Results & presentation weblink : Joo P. Pereira www.galpenergia.com/en/investidor/Relatorios-e- Teresa Rodrigues…
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