Reinforcing Galps position in the Carcar discovery in Brazil 5 BM-S-8 and Carcar North Accessing Carcar North in the 2nd PSA bid round, and realigning BM-S-8 equity interests together with Statoil and Exxon Carcar North consortium…
3Q17 highlights 6 Ebitda of 487 m, up 27% YoY and in line QoQ, on the back of E&P production growth and a solid R&M contribution Lula and Iracema: planned maintenance for the year mostly completed with six FPSOs currently at…
Pre-salt execution driving production growth 8 Brazil Angola Production up QoQ, despite planned maintenance during Natural decline from mature blocks 14/14k the quarter Execution of the Kaombo project ongoing, with Ramp-up of…
Robust downstream contribution 9 Refining & Marketing Gas & Power Refining benefiting from higher benchmark margins, Stable contribution from the natural gas activity conversion utilisation and gasoline exports to the U.S.…
Q3 Ebitda of 487 m, up 27% YoY and in line QoQ 11 Profit & Loss RCA (m) 3Q16 2Q17 3Q17 Upstream Ebitda up YoY benefiting from production growth and higher realisation Turnover 3,499 3,779 3,892 prices, despite USD depreciation…
Adjusting FY17 capex estimate with Carcar North acquisition 12 Capital Expenditure (m) Around 88% of total investment YTD allocated to E&P, of which Brazil accounted 1.2 bn for c.70% 1.0 - 1.1 bn Expected FY17 capex of 1.0 - 1.1…
YTD positive free cash flow, post-dividend 13 9M17 Change in net debt (m) Operational performance supporting superior cash flow generation 1,492 53 362 Positive post-dividends FCF during the first 152 nine months of 35 m, despite…
Strong financial position 14 Balance Sheet (m)1 31 December, 30 June, 30 September, Net fixed assets slightly up QoQ with 2016 2017 2017 investment more than offsetting depreciation charges and FX effects during the period Net fixed…
E&P: Increased production driving higher quarter results 16 Main E&P data 3Q16 2Q17 3Q17 Production up 5% QoQ despite planned maintenance in Brazil and natural decline in Working interest production1 kboepd 74.0 89.9 94.6 Angola…
R&M: Benefitting from supportive macro conditions 17 Main R&M data 3Q16 2Q17 3Q17 High availability of refining system allowing to leverage supportive economic environment Galp refining margin USD/boe 3.4 5.7 7.4 Refining cash cost1…
G&P: Stable contribution in line with volumes sold 18 Main G&P data 3Q16 2Q17 3Q17 Volumes mostly in line, with higher sales to direct clients partially offsetting lower volumes NG/LNG total sales volumes mm3 1,750 1,726 1,717 sold…
Investor Relations team 19 Pedro Dias, Head Otelo Ruivo, IRO Ctia Lopes Joo G. Pereira Results and presentation weblink : Joo P. Pereira www.galpenergia.com/en/investidor/Relatorios-e- Teresa Rodrigues…
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